Group 1 - The company reported FY25 revenue of 5.5 billion, a year-on-year increase of 4.6%, and a net profit of 900 million, up 6.0% year-on-year, with a gross margin of 65.6%, down 0.3 percentage points [1] - The company is enhancing brand strength by adhering to a dual-driven strategy of design and brand power, multi-brand scalable development, and fan economy, celebrating its 30th anniversary with a theme of "born unique, standing diverse" [1] - The company has enriched its brand matrix by acquiring the contemporary art and lifestyle brand "B1OCK," providing customers with a broader selection and unique shopping experience [1] Group 2 - The total number of independent retail stores operated globally increased from 2,025 after restructuring on June 30, 2024, to 2,117 by June 30, 2025, with 961 stores under the JNBY brand [2] - The retail network covers all provinces, autonomous regions, and municipalities in mainland China, as well as 10 other countries and regions globally [2] - The contribution of group members to retail sales exceeded 80% of total retail sales, with active member accounts reaching 560,000, and the number of accounts with annual purchases over 5,000 RMB exceeding 330,000, contributing over 60% of offline retail sales [2] Group 3 - Based on FY25 performance and brand resilience, the company adjusted its profit forecasts for FY26-28, expecting net profits of 935 million, 1.024 billion, and 1.086 billion RMB respectively, with corresponding P/E ratios of 10, 9, and 9 [2]
江南布衣(03306.HK)：成长积极分红可观