November 2025 2025 年 11 月 1 Sa Sa International Holdings Limited 莎莎國際控股有限公司 (Stock Code 股份代號：178) 財務表現 財務狀況 財務表現 Financial Performance P.4-6 財務狀況 Financial Position For the six months ended 30 September 2025 截至2025年9月30日止六個月中期業績 業務回顧 Business Review P.10-14 策略及展望 Strategy & Outlook P. 16 2 Financial Performance Financial Position Business Review 業務回顧 Strategy & Outlook 策略及展望 P.8 3 Improved Consumer Sentiment in HK and Macau Drives Group's Offline Sales Up by 8.3% YoY; Online Sales Remained Flat, While Profi ...

Financial Performance Summary - The company's turnover decreased by 9.7% year-on-year (YoY), reaching HK$3,941 million[7] - Gross profit decreased by 11.9% YoY, amounting to HK$1,571 million[7] - Recurring profit saw a significant decline of 51.1% YoY, settling at HK$107 million[7] - Profit for the year experienced a substantial decrease of 64.8% YoY, recorded at HK$77 million[7] Regional Performance - Hong Kong & Macau turnover decreased by 12.3% YoY, totaling HK$2,992 million and contributing 75.9% to the group's turnover[8] - Mainland China turnover decreased by 10.5% YoY, reaching HK$520 million and accounting for 13.2% of the group's turnover[8] - Southeast Asia turnover increased by 14.7% YoY, amounting to HK$420 million and representing 10.6% of the group's turnover[8] Operational Adjustments - The company closed 14 offline stores in Mainland China to adjust its operating model[8] - The company will orderly close the remaining 18 offline stores in Mainland China to focus on developing online business[25] - The company added 2 new stores in HK & Macau and 3 new stores in Southeast Asia[20] Cash Flow and Financial Position - Cash inflow from operations was HK$137 million[7] - Cash on hand amounted to HK$371 million, with total available funds of HK$687 million (including undrawn borrowing facilities of HK$316 million)[17] Strategy and Outlook - The company aims to strengthen operational efficiency through curated product portfolio and precise marketing[31] - The company is aiming for growth in both sales and gross profit while maintaining a stable gross profit margin[31]