Shenzhou International (02313.HK's revenue reached 31 billion yuan in 2025, with after-tax net profit decreasing by 6.7% to 5.825 billion yuan.

MaticHoleFiller · 2026-04-02T00:52:46+00:00

Shenzhou International's sales revenue for 2025 is approximately HKD 30.994 billion, an increase of 8.1% year-on-year; gross profit margin is 26.3%, down 1.8 percentage points; after-tax net profit is HKD 5.825 billion, a decrease of 6.7% year-on-year. Sports products account for 67.7% of sales, casual products 27.1%, and underwear products 4.5%. A dividend of HKD 2.58 per share is recommended.

MaticHoleFiller

2026-04-02 00:52:46

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Gelonghui March 30 | Shenzhou International (02313.HK) announced its annual results. For the 2025 fiscal year, annual sales revenue was approximately RMB 30.994 billion, representing an increase of about 8.1% year over year; annual gross profit margin was approximately 26.3%, down about 1.8 percentage points year over year; and gross profit amounted to approximately RMB 8.165 billion, up about 1.4% year over year. Annual net profit after tax was approximately RMB 5.825 billion, down about 6.7% year over year.

The main reasons for the decline in net profit after tax for the year include: 1) in the prior year, net profit after tax included a gain of approximately RMB 331 million from the transfer of equity in a wholly-owned subsidiary of the Group; and 2) in 2025, the RMB against the USD exchange rate rose, leading to an exchange loss of approximately RMB 256 million. The Company recommends declaring a final dividend of HK$1.20 per ordinary share. Together with the interim dividend already paid of HK$1.38 per ordinary share, the total dividend recommended for 2025 is HK$2.58 per ordinary share. The dividend payout ratio for 2025 is approximately 60.9%.

For the 2025 fiscal year, the proportion of sales revenue from sports-related products to total sales revenue was approximately 67.7%. The sales revenue from sports-related products increased by about 5.9% compared with 2024. The increase is mainly due to the increased demand for sports-related products in the U.S. market and the European market. The proportion of sales revenue from casualwear products to total sales revenue was approximately 27.1%. Sales revenue from casualwear products increased significantly by about 16.7% compared with 2024. The increase is mainly due to a clear rise in demand for casualwear products in Japan and other markets. The proportion of sales revenue from underwear products to total sales revenue was approximately 4.5%. Sales revenue from underwear products fell slightly by about 2.3% compared with 2024. The main reason is the decline in underwear demand in the Japan market.

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