Bosideng International Holdings Limited announced its annual performance for the fiscal year ending on March 31, 2024, achieving a significant year-on-year increase of 38.4% in revenue, reaching approximately RMB 2.3214 billion. The gross margin increased slightly by 0.1 percentage points to about 59.6%, and the operating profit increased significantly by 55.6% year-on-year, reaching about RMB 439.76 million. The net profit attributable to equity shareholders of the Company increased by 43.7% year-on-year to approximately RMB 307.41 million. The Board of Directors recommended the final dividend of HKD 0.20 per ordinary share. Bosideng achieved stable and high-quality growth in brand down apparel business, OEM processing and management business, women's wear business, and diversified clothing business. Among them, the brand down apparel business was the largest...Show More

Bosideng International Holdings Limited announced its annual performance for the fiscal year ending on March 31, 2024, achieving a significant year-on-year increase of 38.4% in revenue, reaching approximately RMB 2.3214 billion. The gross margin increased slightly by 0.1 percentage points to about 59.6%, and the operating profit increased significantly by 55.6% year-on-year, reaching about RMB 439.76 million. The net profit attributable to equity shareholders of the Company increased by 43.7% year-on-year to approximately RMB 307.41 million. The Board of Directors recommended the final dividend of HKD 0.20 per ordinary share. Bosideng achieved stable and high-quality growth in brand down apparel business, OEM processing and management business, women's wear business, and diversified clothing business. Among them, the brand down apparel business was the largest source of revenue, recording revenue of approximately RMB 1,952.13 million, accounting for 84.1% of total revenue. The OEM processing and management business recorded revenue of RMB 266.97 million, accounting for 11.5% of total revenue. The women's wear business recorded revenue of RMB 81.98 million, accounting for 3.5% of total revenue. The diversified clothing business recorded revenue of RMB 20.32 million, accounting for 0.9% of total revenue. The net cash generated from operating activities of the Group was approximately RMB 733.88 million, the net cash used in investing activities was approximately RMB 242.65 million, and the net cash used in financing activities was approximately RMB 237.96 million. As at March 31, 2024, the cash and cash equivalents of the Group for the fiscal year ended were approximately RMB 622.70 million.