POU SHENG INT'L (03813) announced its financial results for the nine months ended September 30, 2025. The group recorded revenue of RMB12.903 billion, representing a 7.73% year-on-year decline. Net profit attributable to shareholders fell 50.15% YoY to RMB171 million.
The company continues to face challenges from weak consumer confidence and high industry inventory levels, leading to sluggish foot traffic and intense price competition. Despite implementing dynamic inventory management, strict cost controls, and organizational strategy adjustments, declining sales scale resulted in operational deleveraging. The impact was more pronounced in Q3 due to seasonal weakness in retail operations.
However, in China's highly competitive sportswear e-commerce market, POU SHENG INT'L has strengthened its omnichannel capabilities. Its online sales maintained steady growth, partially offsetting persistent pressure on offline retail channels.