Shenzhou International reports strong 2024 results, sales up 14.8%

Shenzhou International Group Holdings (HKEX: 2313) announced preliminary annual results for the year ended December 31, 2024, reporting a 14.8% increase in sales revenue to RMB28,662.938 billion, compared to 2023. Profit attributable to owners of the parent also saw a significant rise of 36.9%, reaching RMB6,240.581 billion. Sportswear sales accounted for 69.1% of total sales, increasing 9.8% year-over-year, while casual wear sales rose significantly by 27.1%, comprising 25.1% of total sales, driven by strong demand in Japanese and other markets. Lingerie sales increased by 34.6%, now accounting for 5.0% of total sales. The company's gross profit margin improved to 28.1%, up 3.8 percentage points from the previous year. Shenzhou International proposed a final dividend of HKD1.28 per share, bringing the total dividend for 2024 to HKD2.53 per share, a 24.6% increase compared to 2023.