Founded in 1994 and listed on the Hong Kong Stock Exchange in 2016 (stock code: 03306),
JNBY is designer group in China and is headquartered in Hangzhou, China. JNBY design and
sell fashion apparel, footwear, accessories and home products under a portfolio of brands in
three stages, including mature brand representing JNBY, younger brands representing
CROQUIS, jnby by JNBY and LESS, and emerging brands representing POMME DE TERRE,
JNBYHOME. As of December 31, 2023, the total number of standalone retail stores around
the world is 2,036 (including “JNBY Group +” multi-brand collection stores), sales network
has covered all provinces, autonomous regions and municipalities in Mainland China and
across nine other countries and regions around the world.
GM increased attributable to the enhancement of the brand power
For the year ended June 30, 2023 (FY2023), the total revenue amounted to RMB4,465
million, an increase of 9.3% YoY. The net profit amounted to RMB621 million, an increase of
11.2% YoY. Net profit margin increased by 0.2 percentage points YoY to 13.9%. The basic EPS
were RMB1.24, an increase of 10.7% YoY, with a final dividend of HK$0.67 per share
(equivalent to RMB0.63 per share), together with the interim dividend of HK$0.30 per share,
the total dividend of HK$0.97 per share for the year. The company’s gross profit increased
by 11.9% to RMB2,917 million; The overall gross profit margin increased from 63.8% for
FY2022 to 65.3% for FY2023. In percentage terms, the selling and marketing expenses
accounted for 38.0% (FY2022: 37.0%), the increase in the expense ratio as compared to the
previous year was mainly attributable to the increase in the investment in long-term brand
power building.