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Remarkable Reform Achievements | ZiBuYu Held 2024 Annual Results Conference
2025-04-03

(The scene of Zibuyu's 2024 Annual Results Conference)

On March 28th, Zibuyu(2420.HK) successfully held its 2024 Annual Results Conference in Hong Kong. At the conference, the management team had in-depth discussions with on-site and online investors and analysts on financial operations, industry trends and future prospects, conveying the Company's value to the capital market.

In 2024, the Company's operating income reached RMB3.33 billion, an increase of 10.8% YoY; gross profit was RMB2.647 billion, a year-on-year increase of 26.4%; the net profit attributable to shareholders turned from loss to profit, reaching RMB1.5 billion. The net operating cash flow recorded RMB260 million, surged by 241.3% YoY, reaching the best level in history; cash and cash equivalents were RMB450 million, a year-on-year increase of 61.0%. In addition, the board of directors proposed to distribute a final dividend of HK$0.12 per share for 2024, with a dividend payout ratio of over 35%.

At the conference, the Company's management explained the group's brand building, supply chain management and transformation to lean design in 2024. In 2024, the group strengthened brand building, focused on creating ten core brands, laid out the high-end market, established a brand business department for the first time, and concentrated on the entire series of core brands; at the same time, the Company further optimized supply chain management to promote the improvement of operational efficiency; in terms of product design, Zibuyu also transformed from the previous extensive design to lean design, developed styles according to brand style, and emphasized original design.

Mr. Chen Caixiong, Executive Director and CEO

Looking forward to the future, Mr. Chen Caixiong, Executive Director and CEO of the Group, shared that Zibuyu Group will "root in China and go global", and focus on resource investment in four aspects: AI empowerment, global supply chain, original design and talent development. The group has implemented a 4.5-day work mechanism since February 2025, and established an ESG committee for the first time to promote the sustainable development of the Company!

To provide global consumers satisfactory fashion products and  services in a timely and convenient manner