Core Viewpoint - Crystal International (02232) has shown resilience in the face of tariff impacts, with a strategic focus on expanding its market presence in Europe and Asia, supported by strong financial performance in its recent interim results [1][2] Financial Performance - The company reported a revenue of $1.229 billion for the first half of 2025, reflecting a year-on-year growth of 12.4% [1] - Net profit attributable to shareholders reached $98.265 million, marking a 17% increase compared to the previous year [1] - Basic earnings per share were $0.0344, with a proposed interim dividend of $0.0163 per share [1] Market Strategy - In response to tariff challenges, the company plans to prioritize growth opportunities in the European and Asian markets [1] - A new collaboration with a leading European brand client is set to be established in the second half of 2025 [1] - The company intends to set up a new production base in the vicinity of Europe, with a capital expenditure of $60 million planned for the first half of 2025, representing a 15% increase year-on-year [1] Competitive Advantages - The company benefits from a Free on Board (FOB) revenue structure, where all production costs, including international freight and import duties, are borne by the customer [2] - The pricing advantage from core premium brand clients allows the company to mitigate the impact of tariffs, as the retail prices of these products differ significantly from the FOB prices [2] - The overall resilience of the industry remains strong, with brand client growth being relatively stable despite external tariff pressures [2]
港股异动 | 晶苑国际(02232)早盘涨超5% 下半年新拓欧洲大客户 机构指三大优势助公司缓解关税影响