HIGH FASHION (00608) has announced its annual results for the year ended December 31, 2025. The Group reported total revenue of HK$3.064 billion, representing a decrease of 8.16% compared to the previous year. Profit attributable to shareholders was HK$69.771 million, a decline of 23.9% year-on-year. Earnings per share were HK$0.23. A final dividend of HK$0.035 per share has been declared.
The year 2025 saw the global business environment continue to fluctuate amidst complex and volatile political and economic conditions. Escalating geopolitical risks and the reshaping of global supply chains presented significant challenges for the manufacturing sector. In response to these changes, the Group adhered to a management philosophy of seeking progress while maintaining stability and keeping pace with the times, focusing on optimizing its existing business model. By formulating forward-looking strategies, the Group aimed to transform external challenges into opportunities to strengthen its core competitiveness, ensuring the maintenance of a robust financial structure and key competitive advantages despite market turbulence.
Throughout the year, the Group continued to refine its market and customer portfolio. While deepening its presence in core markets such as Europe, the United States, and Asia-Pacific, it actively pursued growth opportunities in emerging markets. Concurrently, the Group accelerated the diversification of its supply chain layout. Through the strategic expansion of its production and supply systems in Southeast Asia, it successfully optimized overall resource allocation and enhanced production capacity flexibility. This dual strategy of market expansion and capacity optimization resulted in a more balanced global business distribution for the Group.
Furthermore, the Group is committed to integrating sustainability into its operations, continuously developing eco-friendly products to promote a green transformation within the industry. Through deep collaboration between its R&D team and strategic partners, the Group has achieved comprehensive upgrades from materials to product development. It has now obtained patent authorizations in areas including circular fashion, machine-washable silk, and waterless dyeing technology. These advancements not only effectively address the global demand for sustainable fashion but also further solidify long-term strategic partnerships with leading global brands.
While pursuing green production, the Group also actively fulfills its social responsibilities, with a focus on education and talent development. Through collaborations with academic institutions, it aims to cultivate textile professionals equipped with skills for the new era. The Group recognizes that it is operating in an era of rapid acceleration in artificial intelligence adoption. It is seizing the opportunities presented by technological advancement, actively promoting the application of AI technologies and digitalization within its operations. By introducing AI-driven data analytics platforms and automated management systems, the Group has achieved real-time monitoring of various supply chain segments and accurate demand forecasting, significantly improving inventory turnover and reducing operational waste. This transition from traditional manufacturing to smart manufacturing has not only enhanced the Group's responsiveness to market changes but has also optimized capital efficiency and profit margins through technology-driven decision-making models.
The "HIGH FASHION International Industrial Park" located in Hangzhou is increasingly demonstrating its value to the Group. Beyond providing stable rental income, the industrial park acts as a hub that aggregates technology and innovation resources through its high-quality facilities. It leverages its platform advantages to foster deep integration between technology and industry, promoting synergistic complementarity between innovative technologies and the core business, thereby supporting the Group's long-term business development and technological innovation.
Looking ahead, the Group will maintain a prudent financial management approach, flexibly allocating resources and adjusting strategies in a timely manner to seize development opportunities within an unpredictable market environment. Simultaneously, the Group will continue to invest in sustainable product innovation and steadily expand its footprint in emerging markets. Through its diversified business structure, the Group is committed to advancing high-quality development and is confident in its ability to navigate various challenges, creating long-term and stable value for its stakeholders.