Goodbaby international sees slight revenue dip amid macroeconomic challenges

Goodbaby International Holdings Limited's revenue decreased by 1.1% to HK$6,420.0m for the nine months ended 30 September 2025, down from HK$6,492.5m in the same period of 2024. On a constant currency basis, the group's revenue declined by 2.5%, attributed to a weak macroeconomic environment and fluctuating foreign exchange rates.

Among its strategic brands, CYBEX demonstrated strong performance with an 11.7% increase in revenue to HK$3,701.0m (8.7% on a constant currency basis), gaining market share despite worsened consumer sentiments. Conversely, Evenflo's revenue decreased by 10.9% to HK$1,581.6m (9.9% on a constant currency basis), primarily due to declines in the car seat segment. The gb brand also saw an 18.1% revenue drop to HK$570.6m (19.9% on a constant currency basis) from its wholesale channels.

The Blue Chip and other business segments experienced a significant 19.9% revenue decline to HK$566.8m (19.2% on a constant currency basis), affected by decreased orders due to heightened tariff levels and a weak macroeconomic environment. The company continues to focus on product development and innovation, having received several global awards during the period.