China Dongxiang reports strong FY2024/25 performance and strategic initiatives

China Dongxiang (Group) Co., Ltd. has released its Annual Report for FY2024/25, detailing a strong financial performance with a profit attributable to owners of RMB207 million. The Group reported revenue of RMB1,680 million, a decrease of 3.7%, but saw an operating profit of RMB244 million, a significant turnaround from the previous year.

The company highlighted its strategic brand development for KAPPA and PHENIX, focusing on innovation and eco-friendly products. Key initiatives include the "Xu Xiaobai Design Package," KAPPA ACF Fiorentina collection, and PHENIX's "Warm Hug Mid Shoes" series. Furthermore, China Dongxiang is actively engaged in ESG initiatives, including greenhouse gas scope 3 data disclosure and promoting circular economy principles, with 100% of shoe boxes and paper packaging materials purchased being FSC-certified. The Group's commitment to responsible marketing and community engagement was also emphasized through various campaigns and outreach programs.

The proposed final dividend of RMB0.35 cents and a final special dividend of RMB0.71 cents per ordinary share reflect the Board's confidence in the company's performance and its commitment to shareholder returns. The re-election of directors, general mandates for share issuance and repurchase, and the re-appointment of Deloitte Touche Tohmatsu as auditors were also key agenda items for the upcoming AGM.