Shenzhou International sees net profit rise 36.9pc to 6.24b yuan

Shenzhou International (2313) saw its 2024 net profit surge by 36.9 percent year-on-year to 6.24 billion yuan (HK$6.68 billion), the company said, and its proposed final dividend grew by 18.5 percent to HK$1.28.

Together with the interim dividend, the full-year payout reached HK$2.53, up by 24.6 percent from the prior year.

The Chinese clothing manufacturer’s sales for the year increased by 14.8 percent to 28.66 billion yuan. Gross profit jumped by 32.9 percent to 8.05 billion yuan while the margin went up by 3.8 percentage points to 28.1 percent.

Sales of sportswear products increased by approximately 9.8 percent to 19.8 billion yuan, primarily due to rising demand for sportswear products in the Chinese and United States markets, the company said in a filing on Tuesday.

STAFF REPORTER