Earnings release
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1 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. POU SHENG INTERN ATIONAL (HOLDINGS) LIMITED ʮ̡ (Incorpor ated in Bermuda with limited liability ) (Stock Code: 3813) UNAUDITED CONSOLIDATED RESULTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 SUMMARY The Board announces the unaudited consolidated results of the Group for the nine months ended September 30, 2025. This announcement is made in line with the Company’s current practice to publish its financial results quarterly and pursuant to rule 13.09(2) of the Listing Rules and Part XIVA of the SFO. The unaudited consolidated profit attributable to owners of the Company for the nine months ended September 30, 2025 was approximately RMB171.0 million. The board of directors (the “Directors”) of Pou Sheng International (Holdings) Limited (the “Company” and the “Board”, respectively) is making this announcement of the unaudited consolidated results of the Company and its subsidiaries (collectively referred to as the “Group”) for the nine months ended September 30, 2025 in line with its current practice to publish the Group’s financial results quarterly and pursuant to rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) and Part XIVA of the Securities and Futures Ordinance (Cap.571) (the “SFO”).
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2 CONSOLIDATED INCOME STATEMENT For the nine months ended September 30, 2025 For the nine months ended September 30, 2025 2024 RMB’000 RMB’000 (unaudited) (unaudited) Revenue 12,902,786 13,984,221 Cost of sales (8,582,721) (9,226,046) Gross profit 4,320,065 4,758,175 Other operating income and gains (losses) 153,192 176,332 Selling and distribution expenses (3,610,929) (3,870,122) Administrative expenses (562,021) (550,827) Operating profit 300,307 513,558 Finance costs (42,658) (52,160) Finance income 29,431 41,575 (13,227) (10,585) Other gain 74 – Profit before taxation 287,154 502,973 Income tax expense (102,223) (155,014) Profit for the period 184,931 347,959 Attributable to: Owners of the Company 170,997 342,992 Non-controlling interests 13,934 4,967 184,931 347,959
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3 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME For the nine months ended September 30, 2025 For the nine months ended September 30, 2025 2024 RMB’000 RMB’000 (unaudited) (unaudited) Profit for the period 184,931 347,959 Other comprehensive (expense) income An item that will not be reclassified to profit or loss Fair value (loss) gain on investments in equity instrument at fair value through other comprehensive income (716) 1,256 An item that may be reclassified subsequently to profit or loss Exchange differences arising on the translation of foreign operations (901) 2,596 Other comprehensive (expense) income for the period (1,617) 3,852 Total comprehensive income for the period 183,314 351,811 Attributable to: Owners of the Company 169,380 346,844 Non-controlling interests 13,934 4,967 183,314 351,811 The Group’s unaudited consolidated results for the nine months ended September 30, 2025 have been prepared in accordance with the accounting policies adopted by the Group as disclosed in the last annual consolidated financial statements for the year ended December 31, 2024. In the current period, the Group has applied certain amendments to HKFRS Accounting Standards issued by the Hong Kong Institute of Certified Public Accountants which are mandatorily effective for the annual period beginning on or after January 1, 2025 for the preparation of the Group’s unaudited consolidated results for the nine months ended September 30, 2025. The application of these amendments to HKFRS Accounting Standards has had no material impact on the unaudited consolidated results and financial positions of the Group for the current or prior periods.
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4 MANAGEMENT DISCUSSION AND ANALYSIS Results summary For the nine months ended September 30, 2025 (the “Period”), the Group recorded revenue of approximately RMB12,902.8 million, representing a decrease of 7.7% compared with the same period of last year, while the profit attributable to owners of the Company decreased by 50.1% to approximately RMB171.0 million. The Group continued to face headwinds from subdued consumer confidence and elevated industry inventory levels, leading to weak foot traffic and aggressive promotional activity. Despite the Group’s sustained efforts in dynamic inventory management, stringent expense controls and organizational adjustments, the decline in sales scale led to operating deleverage. This impact was particularly evident in the third quarter – a softer season for retail – where the Group’s lack of scale became more pronounced. However, the Group’s online sales momentum remained solid as it continued to enhance its omni-channel capabilities in mainland China’s highly competitive sportswear e-commerce landscape, partially mitigating the ongoing pressure on its offline retail channels. Despite the challenging operating environment during the Period, the Group maintained strong financial position, supported by a robust net cash position. Financial highlights For the nine months ended September 30, 2025 2024 YoY RMB million RMB million % change Revenue 12,902.8 13,984.2 -7.7% Gross profit 4,320.1 4,758.2 -9.2% Operating profit 300.3 513.6 -41.5% Profit for the period 184.9 348.0 -46.9% Profit attributable to owners of the Company 171.0 343.0 -50.1% Change Gross profit margin 33.5% 34.0% -0.5 ppt Operating profit margin 2.3% 3.7% -1.4 ppt Net profit margin 1.4% 2.5% -1.1 ppt By Order of the Board Chiu, Hui-Yao Chairman Hong Kong, November 12, 2025
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5 As at the date of this announcement, the Board comprises: Non-executive Directors Mr. Chiu, Hui-Yao (Chairman), Ms. Tsai Patty, Pei Chun and Mr. Li I-nan Executive Directors Mr. Hu, Chia-Ho, Ms. Chang, Su-Ching (Chief Executive Officer) and Mr. Chen, Li-Chieh (Chief Financial Officer) Independent Non-executive Directors Mr. Chen, Huan-Chung, Mr. Feng Lei Ming and Mr. Liu, Hsi-Liang Website: www.pousheng.com