智通财经APP讯，佐丹奴国际(00709)公布2025年中期业绩，收入19.34亿港元，同比增长1.63%;公司股东应占溢利1.21亿港元，同比增长0.83%;每股基本盈利为7.5港 仙，中期股息每股7.5港 仙。
2025年上半年的毛利率下跌3.3个百分点至55.6%，导致上半年毛利取得3.9%的跌幅。毛利率下降的部分原因是渠道组合的变动，线上及批发业务贡献比原先计划更显著的增长，但与线下渠道相比，其毛利率亦一般较低。此情况更因按计划进行对过往数年累积的陈旧存货进行策略性清货而进一步加剧。此外，商品成本上升亦导致毛利率进一步受压。倘公司撇除非佐丹奴品牌的影响，毛利率及毛利仅将分别下降2.9个百分点及1.1%。管理层预期，毛利率将于下半年开始改善，届时存货水平将更为稳健，加上采购功能及流程的专业化，最终可在维持佐丹奴一贯的产品品质的同时，提高产品成本效益。
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