Crystal International (02232) announced its interim results for the six months ended June 30, 2025, reporting revenue of USD 1.229 billion, representing a 12.4% year-on-year increase. Profit attributable to owners reached USD 98.265 million, up 17% compared to the same period last year. Basic earnings per share stood at 3.44 US cents, with the company proposing an interim dividend of 16.3 HK cents per share.

The gross margin improvement in casualwear and intimate apparel was primarily driven by enhanced production efficiency. However, the gross margin for knitwear declined mainly due to increased sales volume of regular styles with lower margins.

During the first half of 2025, the Group achieved balanced growth across all business segments, benefiting from successful market penetration with major brand customers. The Group effectively capitalized on opportunities arising from brand customers' expansion into diversified product categories. Both the Group's largest brand customer and several major sportswear brand customers demonstrated exceptional sales growth momentum, collectively serving as strong growth engines for the Group.

Through strategic capacity expansion and production efficiency optimization, the Group successfully achieved both revenue growth and margin improvement, effectively mitigating the adverse impact of high US tariffs. The Group expanded its workforce by approximately 10,000 employees last year, and fully realized operational efficiency during the reporting period. This forward-looking capacity investment, combined with accelerated automation initiatives and optimized data-driven processes, created ample operational flexibility sufficient to offset tariff impacts.