Shenzhou International's Interim Profit Drops 40% to RMB1.905B, Revenue Down 5.26%, Plans Indonesia Plant
Shenzhou International reported a 40.05% year-on-year decline in interim net profit to RMB1.905 billion for the six months ended June 2026, while revenue fell 5.26% to RMB14.179 billion. The board declared an interim dividend of HK$0.88 per share, down about 36.2%. Product sales were mixed: sportswear fell 10.7%, leisurewear rose 4.5% and underwear rose 6.1%. Gross margin narrowed 4.5 percentage points to 22.6%. The company also disclosed plans to build a plant in Indonesia.
Shenzhou International announced its interim results for the six months ended June 2026. During the period, profit attributable to shareholders stood at RMB1.905 billion, down 40.05% year on year, with earnings per share of RMB1.27. The company declared an interim dividend of HK$0.88 per share, down about 36.2% from the same period last year. In terms of revenue, the company achieved turnover of RMB14.179 billion during the period, down 5.26% year on year. Performance varied across product categories: sales of sportswear products fell about 10.7% year on year, leisurewear sales rose about 4.5%, and underwear sales increased about 6.1%. Overall gross margin was approximately 22.6%, down 4.5 percentage points from the prior-year period.
The company also disclosed plans to expand its overseas production capacity.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is mixed for Textile Manufacturing, with intensity 45/100 and 70% confidence over a medium term horizon.
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