波司登涨超3% 机构料其下半财年收入和盈利均有望提速

Core Viewpoint - Bosideng (03998) shares rose over 3%, reaching HKD 5.17 with a trading volume of HKD 103 million, following the release of its interim results for the fiscal year 2025/26, which showed a revenue increase and record profits for eight consecutive years [1] Financial Performance - For the period ending September 30, 2025, the company reported revenue of approximately RMB 8.928 billion, reflecting a year-on-year increase of 1.4% [1] - The profit attributable to equity shareholders grew by 5.2% year-on-year to approximately RMB 1.189 billion, marking a historical high for the interim results [1] Future Outlook - Dongfang Securities anticipates that the company's revenue and profit will accelerate in the second half of the fiscal year 2026 [1] - During the recently concluded Double Eleven shopping event, Bosideng's main brand ranked among the top in the apparel category on Tmall and Douyin, while its sub-brand Xuezhongfei also performed well, establishing a solid foundation for the peak season [1] - The company is expected to maintain steady and sustainable growth over the next three years, supported by its dual-focus strategy and multi-brand matrix centered around its down apparel business [1]