Core Viewpoint - Crystal International (02232) reported a strong performance in its 2025 interim results, with revenue and profit growth indicating positive operational efficiency and market opportunities [1] Financial Performance - Revenue reached USD 1.229 billion, representing a year-on-year increase of 12.4% [1] - Profit attributable to shareholders was USD 98.265 million, up 17% year-on-year [1] - Basic earnings per share were 3.44 US cents, with a proposed interim dividend of 16.3 Hong Kong cents per share [1] Margin Analysis - The gross margin for leisurewear and intimate apparel improved due to enhanced production efficiency [1] - Conversely, the gross margin for sweaters declined due to increased sales of lower-margin regular styles [1] Strategic Developments - The company announced a new partnership with a leading European brand client for the second half of the year [1] - According to China Merchants Securities, the company is increasing its penetration among major brand clients and mitigating adverse tariff impacts through optimized production efficiency [1] - Huaxi Securities noted that approximately 30% of sales are to the U.S., with around 60% of production capacity in Vietnam, allowing the company to cover U.S. exports effectively [1] Market Opportunities - The company aims to focus on growth opportunities in the Asian and European markets by expanding its European client base and establishing new bases [1] - There is potential for rapid improvement in market penetration in Europe, coinciding with favorable conditions in downstream customer sentiment [1]
港股异动 | 晶苑国际(02232)涨超8% 中期纯利同比增长17% 下半年将合作欧洲新客户