Stella Holdings (01836.HK) announced that as of the third quarter ending on September 30 this year, the group's unaudited comprehensive income was 0.389 billion US dollars, representing a year-on-year increase of approximately 0.6%. In addition, as of the end of the first three quarters ending on September 30 this year, the group's unaudited comprehensive income was 1.159 billion US dollars, representing a year-on-year increase of approximately 5.1%.

In the third quarter of this year, the group's manufacturing business shipment volume increased by 5.7% year-on-year; while in the first three quarters of this year, it increased by 10.1%, mainly driven by the sports category. The average selling prices during both periods have decreased, due to a higher proportion of orders for sports category products with lower average selling prices and adjustments in raw material prices.

Stella Holdings stated that the group has already achieved its 'Three-Year Plan' (2023-2025) goals ahead of schedule, aiming to achieve an operational

margin of 10% and a low double-digit percentage annual profit growth rate after tax by the end of 2025. The company is confident in continuing to achieve these goals and has already achieved them by 2023 and as of the six months ending on June 30, 2024, surpassing the aforementioned operating profit margin targets.

Furthermore, in addition to maintaining a regular dividend payout ratio at the usual level of 70%, the group has committed to returning up to an additional 60 million US dollars of cash per year to shareholders through a combination of share buybacks and special dividends in the next three years (2024-2026), totaling no more than 0.18 billion US dollars.

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