Bosideng reports strong profit growth on down apparel strength

For the six months ended September 30, 2025, Bosideng International Holdings Limited reported a 1.4% increase in revenue to approximately RMB8,927.6 million, up from RMB8,804.1 million in the same period last year. Profit attributable to equity shareholders rose by 5.3% to approximately RMB1,189.4 million, compared to RMB1,129.7 million previously. The gross profit margin slightly increased by 0.1 percentage points to 50.0%, and the operating profit margin grew by 0.3 percentage points to 17.0%, reaching RMB1,516.8 million.

The Board declared an interim dividend of HK$6.3 cents per ordinary share, an increase from HK$6.0 cents in 2024. The branded down apparel business, the largest revenue contributor, saw an 8.3% year-on-year increase to RMB6,568.3 million. Conversely, the OEM management business revenue decreased by 11.7% to RMB2,044.4 million, and ladieswear apparel business revenue fell by 18.6% to RMB250.9 million. Diluted earnings per share for the period were RMB10.28 cents.

As of September 30, 2025, the Group's cash and cash equivalents stood at approximately RMB3,034.0 million. The inventory turnover days improved to 178 days, a decrease of 11 days from the same period in 2024. The total number of regular retail stores for down apparel business increased by 88 to 3,558, while ladieswear apparel retail outlets decreased by 44 to 329.