Bosideng boosts H1 revenue and profit; down apparel business leads growth

Bosideng International Holdings Limited reported a 1.4% increase in revenue to RMB8,927.6 million for the first half of FY2025/26, with profit attributable to equity shareholders rising by 5.3% to RMB1,189.4 million. The operating profit margin improved by 0.3 percentage points to 17.0%. The board declared an interim dividend of HK$6.3 cents per share.

The branded down apparel business remained the largest revenue contributor, increasing by 8.3% year-on-year to RMB6,568.3 million. However, the OEM management business saw an 11.7% decrease to RMB2,044.4 million, and the ladieswear apparel business decreased by 18.6% to RMB250.9 million. Gross profit for the group increased by 1.7% to RMB4,466.7 million, with an overall gross profit margin of 50.0%.

The group continued its digital transformation, applying AI in design and operations, and expanding its online presence on platforms like Tmall and Douyin, accumulating approximately 21.4 million members and 11.0 million fans, respectively. Total online sales revenue reached RMB1,426.3 million, a 2.2% increase year-on-year. Inventory turnover days decreased by 11 days to 178 days compared to the same period last year.