HINGTEX HLDGS (01968) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of HK$108 million, representing a decrease of 1.7% year-on-year. Loss attributable to owners of the company amounted to HK$10.41 million, down 39.28% compared to the same period last year. Loss per share was HK$1.63 cents.

During the first half of 2025, the group's denim business experienced two distinctly different phases. Building on the foundation established by the "China Plus One" strategy in 2024, the Vietnam production facilities demonstrated strong performance in the initial months. Following a successful "seeding period," this operation has achieved significant growth, attracting new customers while encouraging existing major brand owner clients to expand both order volumes and product options. Growing demand from premium U.S. denim brands, particularly those seeking reliable suppliers offering tariff-advantaged production solutions, further enhanced the performance of this high-margin segment.