Core Insights - The company reported a revenue of approximately HKD 4.81 billion for the first half of 2025, representing a year-on-year decrease of 5.7% [1] - Gross profit was around HKD 2.206 billion, down 7% year-on-year [1] - Profit attributable to equity holders increased by 60.9% to HKD 181.5 million, with earnings per share at HKD 0.0157 [1] Revenue and Profit Analysis - The decline in revenue was primarily attributed to decreased earnings in the multi-brand footwear and apparel segment, particularly from Clarks and BOSSINI [1] - Overall gross margin decreased from 46.5% to 45.9%, a drop of 0.6%, mainly due to lower gross margins in BOSSINI and other consumer goods, although this was partially offset by improved margins in Clarks and the sports experience segment [1] - The increase in profit was mainly due to enhanced cost control measures leading to reduced operating expenses, although this was partially offset by the decrease in gross profit due to lower revenue [1]

Group 1 - The core viewpoint of the article is that Non-Fungible Holdings (00933) reported a decrease in revenue for the first half of 2025, primarily due to a decline in the multi-brand footwear and apparel segment, particularly from Clarks and BOSS [1] - Revenue for the period was approximately HKD 4.81 billion, a year-on-year decrease of 5.7% [1] - Gross profit was approximately HKD 2.206 billion, reflecting a year-on-year decrease of 7% [1] Group 2 - The profit attributable to equity holders increased to HKD 181.5 million, representing a year-on-year growth of 60.9% [1] - Earnings per share were reported at HKD 0.0157 [1] - The overall gross margin decreased from 46.5% to 45.9%, a decline of 0.6%, primarily due to lower gross margins in the BOSS and other consumer goods segments, although this was partially offset by an increase in gross margins from Clarks and the sports experience business [1] Group 3 - The increase in profit was mainly attributed to enhanced cost control measures that led to a reduction in operating expenses, although this was partially offset by the decrease in gross profit due to reduced revenue [1]