Performance | Yongjia Group's Loss Widened to 180 Million Last Year

SighingCashier · 2026-03-19T04:59:46+00:00

Wingjill Group announced that its full-year results as of the end of last year showed that the loss attributable to shareholders expanded to RMB 183 million, with a loss per share of 14.3 cents, and no dividend distribution. Although revenue decreased by 5.24%, fashion brands and specialist business contributed to growth. Looking ahead, the group maintains a cautiously optimistic stance towards global uncertainty, will focus on flexible operations and business innovation, and expects demand in the sportswear market to show steady growth in the future.

SighingCashier

2026-03-19 04:59:46

Abstract generation in progress

Yongjia Group (03322) announced its full-year results up to the end of last year, with shareholders’ attributable loss expanding to HKD 183 million. The loss for the same period in 2024 was HKD 68.438 million. Earnings per share were HKD 0.143, with no dividend declared.

During the period, revenue from continuing operations was HKD 3.418 billion, a decrease of 5.24% year-on-year, mainly due to a decline in manufacturing revenue. However, revenue from fashion brands and proprietary businesses increased, partially offsetting the decline. Gross profit margin was 17.3%, up 0.9 percentage points, primarily driven by fashion brands and proprietary businesses.

Looking ahead, the group states that it remains cautiously optimistic. The global situation remains uncertain, with unpredictable U.S. trade policies, escalating Middle East geopolitical conflicts, and the potential for trade tensions to intensify again. The group will continue to focus on operational flexibility, prudent cost management, product diversification, and business model innovation to effectively address these challenges and seize emerging opportunities.

The group expects that the sportswear manufacturing business will remain stable in the near future. The hosting of the 2026 FIFA World Cup in North America presents a significant opportunity, likely to drive substantial demand for sports apparel.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.