Zhi Tong Cai Jing·2025-11-18 07:57Group 1 - The core viewpoint of the article highlights that 德永佳集团 (00321) has seen a significant stock price increase, rising over 7% in a bearish market, with a current price of 1.01 HKD and a trading volume of 11.36 million HKD [1] - The company reported record single-day sales exceeding 10 million RMB during this year's Double 11 shopping festival, indicating strong performance in e-commerce [1] - For the first half of the year, the e-commerce business's GMV grew by 46% year-on-year to 350 million HKD, and the company plans to increase light-asset investments in e-commerce moving forward [1] Group 2 - As of September 30, the company reported a dividend payout ratio of approximately 50% for the first half of the year, with an aim to maintain a payout ratio of 60% to 80% for the full year [1] - The company maintains a healthy cash flow, with net cash reaching 1 billion HKD as of the end of the first half, an increase of 300 million HKD compared to March 31, primarily due to increased operating cash [1]