Jinwu Financial News | According to Anxin International Development Research, Jiangnan Buyi (03306) recently announced the results for the first half of the 2024 fiscal year. The company's revenue was 2.98 billion yuan, up 26.1% year on year; net profit was 574 million yuan, up 54.5% year on year; in addition, the company declared an interim dividend of HK$0.46 per share and a special dividend of HK$0.39 per share. The company's performance exceeded market expectations, and high dividends are attractive.
The bank said that as a designer clothing group, the company adheres to design-driven. In the first half of the fiscal year, investment in design and R&D increased 25% to 99 million yuan year-on-year, using art as a label to continuously enhance the popularity and reputation of various brands, thus achieving brand strength. At the same time, the company also continues to upgrade its store image, bringing consumers a better visual experience and establishing deeper connections with target customer groups through comprehensive brand building. I believe that as consumption continues to pick up and brand strength increases, brands will return to healthy growth, and their performance will be steady.