Business
China Dongxiang Announces FY2024/25 Annual Results
China Dongxiang (Group) Co., Ltd. ("China Dongxiang" or "the Company", together with its subsidiaries, "the Group", HKEX stock code: 3818), the leading international sportswear brand enterprise in the PRC, announced its annual results for the 12 months ended 31 March 2025 (the "Reporting Period").
About this update from China Dongxiang (group) Co., Ltd.
[{"type":"text","content":"Stabilisation and Recovery in China Sporting Goods Business Dual-business Synergy Fuels High-Quality Development of China Dongxiang","length":147,"tagName":"p","attribs":{}},{"type":"text","content":"Results Highlights","length":18,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue amounted to RMB1,680 million, representing a decrease of 3.7% year-on-year (YoY);","length":89,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit amounted to RMB1,152 million, representing a decrease of 3.4% YoY; Gross profit margin increased by 0.3 percentage point YoY to 68.6%;","length":157,"tagName":"p"}]},{"val":[{"type":"text","content":"The Group's operating profit amounted to RMB244 million; Operating profit of the China sporting goods business segment was RMB51 million; Operating profit of investment segment achieved a turnaround to RMB 193 million;","length":227,"tagName":"p"}]},{"val":[{"type":"text","content":"Profit attributable to owners of the Company amounted to RMB207 million, representing a significant improvement as compared to the loss of RMB639 million in the corresponding period last year;","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"The Group reported a net asset value of RMB8.365 billion for its investment segment, representing an increase of 1.2% YoY;","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"The board of directors of the Company recommended the distribution of a final dividend and final special dividend of RMB1.06 cents per ordinary share;","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"The Group's accumulative dividend and payout ratio since listing amounted to RMB8.01 billion and 88%, respectively.","length":144,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1086,"olType":false},{"type":"text","content":"HONG KONG, June 26, 2025 /PRNewswire/ -- China Dongxiang (Group) Co., Ltd. ("China Dongxiang" or "the Company", together with its subsidiaries, "the Group", HKEX stock code: 3818), the leading international sportswear brand enterprise in the PRC, announced its annual results for the 12 months ended 31 March 2025 (the "Reporting Period").","length":379,"tagName":"p"},{"type":"text","content":"Financial ...