According to the Zhitong Finance App, Huaxin Handbags International Holdings (02683) announced interim results for the six months ended September 30, 2023. The group obtained revenue of HK$334 million during the period, an increase of 35.09%; profit attributable to shareholders of HK$20.907 million, an increase of 185.89% over the previous year; basic profit per share of HK5.1 cents; and a proposed interim dividend of 2 HK cents per share and a special dividend of 1 HK cent per share.
According to the announcement, in the first half of 2023, the Group's revenue from US customers increased by about HK$87.4 million, or 45.0%, from about HK$194.3 million in the first half of 2022 to about HK$281.7 million in the first half of 2023. This is mainly due to continued market recovery in North America, the Group's largest market, after the COVID-19 pandemic despite being suppressed to a certain extent by macroeconomic uncertainty, leading to renewed optimism and consumer confidence, which in turn led to a rise in spending and demand for group products.