Regina Miracle’s Revenue Increase s by 25.5 % to 5,868.0 Million with Net Profit up 146.0 % to 240.2 Million in FY2018

06/28/2018 | Corporate

Regina Miracle’s Revenue Increase s by 25.5 % to 5,868.0 Million with Net Profit up 146.0 % to 240.2 Million in FY2018

(Hong Kong, 28 June 201 8 Regina Miracle International (Holdings) Limited (“Regina Miracle” or the
“Company,” together with its subsidiaries, collectively the “Group”) (HKEX: 2199), a leading global intimate
wear company boasting an Innovative Design Manufacturer (“IDM”) business model, has announced its
annual results for the year ended 31 March 2018 (“FY2018” or the Year)


In FY2018, the Group recorded total revenue of HK$5,868.0 million, representing a 25.5% increase over that of FY2017 (FY2017: HK$4,676.9 million). The satisfactory increase in sales was mainly attributable to the steady growth of orders from certain major brands, as well as the close collaborative ties the Group built with certain new brand partners during the Year. Consequently, the Group’s gross profit grew by 36.2% to HK$1,247.1million (FY2017: HK$915.8 million), with gross profit margin lifted to 21.3% (FY2017: 19.6%). Net profit also surged 146.0% to HK$240.2 million (FY2017: HK$97.6 million), with net profit margin at 4.1% (FY2017: 2.1%). To share the fruit of the Group’s achievement with shareholders, the Board has resolved to declare a final dividend of HK3.8 cents per share. Together with the interim dividend of HK2.5 cents per share already paid, total dividend for the Year amounted to HK6.3 cents (FY2017: HK2.5 cents).

Mr. YY Hung, Chairman, Chief Executive Officer & Executive Director of Regina Miracle, said, “We devoted considerable resources to improving our innovative seamless bonding and molding technologies in order to bring higher value to our brand partners. These efforts were not only endorsed by our long-term brand partners, but also enabled us to gain a number of world-renowned casual wear and sports brand partners during the Year, which contributed to our revenue and profit growth, and gave the Group a more balanced customer mix. In addition, we are also delighted to report a maturing layout of our production capacity in Vietnam, which has allowed us to meet the high demand for our innovative products from existing and new brand partners and is expected to boost the Group’s long-term and sustainable business growth.”

Business Review


Steady growth in orders from major brand partners and strong demands from new brand partners

During the Year, bras and intimate wear remain ed the Group’s major source of revenue and contributed HK$ 4, 728.6 million ( FY 2017: HK$ 3,729.8 million ) in revenue, representing a year on year increase of 2 6.8 % and made up 8 0.6 % of the overall revenue of the Group . G r oss profit of the segment amounted to HK 1,019.5 million, with gross profit margin at 21.6 % FY 2017: HK$ 726.4 million and 19.5%, respectively).

Driven by the sports underwear market with a gr owing emphasis on comfort and functionality , the Group’s sports bras continued to record satisfactory revenue growth of over 20% y ear o n y ear during the Year.

Through technological innovation and breakthroughs , the Group has continued to develop innovative products with its long term brand partners, secure more orders, and establish close partnership s with new international casual wear and sports brands , thus diversifying its customer mix.


At the same time as it strategically invest ed more resources in more profitable finished goods, the Group continued to record stable revenue from the bra pads and other molded products business , which grew by 2.3 % to HK$52 4 7 million during the Y ear ( FY 2017: HK$512.7 million) and account ed for 8.9 % of the Group s total revenue. Gross profit and gross profit margin from the segment were HK 111.5 million and 21.2 %, respectively ( FY 2017: HK$107.0 million and 20.9%, respectively).


Orders for sportswear products gathering robust growth momentum Secured a new American partner for footwear products business

With capability to innovate that spans different product lines and sectors, the Group remained active in exploring functional sports products business during the Y ear. As a result, the segment recorded a year on year revenue growth of 41.5 % to 614.8 million ( FY 2017: HK$43 4 4 million), which represented 10.5 % of the total revenue of the Group . Gross profit of the segment amounted to HK 116.1 million, with gross profit margin at 18.9 % FY 2017: HK$82.5 million and 19.0%, respectively).


During the Year, Regina Miracle was recognised by a number of major sports brand partners for its high end molding and seamless bonding technologies, its ability to effectively incorporate innovative raw materials and apply such advanced technologies in its sportswear products , and as a result, order volume of its sportswear products nearly double d in FY2018 .


Regarding footwear products , the Group also made good progress. Aside from achieving stable order from its major sports brand partner during the Year , the Group also secured an American casual footwear brand partner who is dedicated to producing comfort able and eco friend l y products

Effectively expanded production in Vietnam Plans to build fifth facility in Vietnam to encompass sustainable footwear production and superior capabilities

During the Year, the Group’s production layout in Vietnam continued to mature . The first Vietnamese facility, mainly for producing bras and intimate wear products, has a planned annual production capacity of around 46 million pieces . It is close to reaching full production capacity and has been consistently improving production efficiency T he second facility which mainly produces bra pads commenced production in May 2017 and affords a production volume sufficient to support the Group s internal demand for bra pads. The third Vietnamese facility mainly produces bras, intimate wear and functional sportswear products . It has a planned annual production capacity of approximately 30 million pieces and officially began operation in April 2018. The facility targets to recruit 8,000 staff members by the third quarter of 2018. As at 31 March 2018, the three Vietnamese facilities together employed approximately 2 1 5 00 staff members.

Construction works of t he fourth facility in Vietnam , which will mainly produce bras and intimate wear and functional sportswear products proceeded smoothly during the Y ear , with phase I of the facility expected to start operation in the first quarter of 2019.


During the Year , the Group purchased another land parcel in Vietnam Singapore Industrial Park (“ VSIP in Hải Phòng Cit y for building its fifth facility which has gross floor area of approximately 106,000 sq.m. T he facility will not only have excellent expertise to cover footwear production which the management considers that Vietnam an ideal location for building footwear production due to the country s edge in cost and labour supply, and relatively lower footwear export tariffs , and thus it decided to gradually transfer its footwear production of capacity totalling approximately two million pairs a year from Shenzhen to Vietnam but the factory also will possess in house screen printing capabilities and production floors to support the Group ’s innovative seamless knitting production capability Phase 1 of t he facility is under construction and expected to officially commence production in 2019.

The Groups facility in Shenzhen continue s to perform the crucial responsibility of research and development , as well as supporting the Group’s production needs . It is actively developing premium products with high technology content and quick to deliver, while harnessing other regional advantages to fully cooperate with brand partners helping them develop business in the Chinese market. As at 31 March 2018, the Group s Shenzhen facility ha d a workforce of about 15,000 headcounts .


Moving onward, the Group will continue to optimise allocation of production capacity of its Shenzhen and Vietnamese facilities, taking into account a comprehensive host of factors such as cost competitiveness, policy, technical requirements and brand partners sales strategies. For the purpose of resource optimization and more proper allocation of its expanding production capacity, the Group will continue to examine the profitability of its existing product mix, maintain the strategy to select brand partners cautiously and establish win win relations, and make reasonable adjustments as appropriate, all in an effort to allocate resources more effectively and maximize profit.

Mr. Hung concluded, “ Looking ahead, m ore efforts will be made to boost the production capacity and efficiency to our Vietnamese facilities so that we can benefit the most from the favourable tax rates, the more competitive labour cost and robust labour market a s well as the strategic geographical advantage of Vietnam Moreover , we will develop more versatile products with superior comfort functionality and value proposition by striving for technological breakthroughs and drawing on our extensive experience in the industry of intimate wear and functional sportswear . In doing so, we will be able to strengthen relationship with our long term brand partners and build close collaborative ties with new brand partners . While the Group celebrates its 20th anniversary this year it will continue to apply its successful formula and pursue excellence by engaging in innovation across all aspects of its business thereby create long term high value returns for shareholders.”

維珍妮2018 財年收益上升 25.5 至 5 868.0 百萬港元,純利增加146.0 至 240.2 百萬港元

06/28/2018 | 企業

維珍妮2018 財年收益上升 25.5 至 5 868.0 百萬港元,純利增加146.0 至 240.2 百萬港元

維珍妮2018 財年收益上升 25.5 至 5 868.0 百萬港元純利增加146.0 至 240.2 百萬港元

(2018 年 6 月 28 日,香港訊) 全球領先的貼身內衣創新設計製造商(「 IDM 」) 維珍妮國際(控股)有限公司 (「維珍妮」或「公司」,連同附屬公司,統稱「集團」)(股份代號 2199 )公佈截至2018 年 3 月 31 日止年度(「 2018 財年」或「年內」)的全年業績。

於2018財年,集團錄得收入總額港幣5,868.0百萬元(2017財年:港幣4,676.9百萬元),較2017財年上升25.5%。銷售錄得理想增長,主要由於若干主要品牌的訂單穩步增長,加上集團與若干新品牌夥伴於年內建立了緊密的合作關係所致。因此,集團毛利增長36.2%至港幣1,247.1百萬元(2017財年:港幣915.8百萬元),毛利率上升至21.3%(2017財年:19.6%)。純利亦大幅上升146.0%至港幣240.2百萬元(2017財年:港幣97.6百萬元),純利率為4.1%(2017財年:2.1%)。為與股東分享集團的成果,董事會決議宣派末期股息每股3.8港仙。連同已派付的中期股息每股2.5港仙,全年股息總額為6.3港仙(2017財年:2.5港仙)。

維珍妮主席、首席執行官兼執行董事洪游奕先生表示:「我們投入了大量資源提升革新無縫拼接及模壓技術,為品牌夥伴帶來更高價值。此舉不但得到長期品牌夥伴的認同,更令我們於年內成功獲得多個世界知名休閒服裝及運動品牌夥伴,為我們的收益及利潤增長帶來貢獻,並使集團的客戶組合更均衡。此外,我們亦樂見越南的產能佈局逐漸成熟,使我們能夠滿足現有及新增品牌合作夥伴對我們創新產品的殷切需求,有望推動集團的長期及持續的業務增長。」

業務回顧

主要品牌夥伴 訂單穩步 增長 新品牌夥伴需求 殷切

年內,胸圍及貼身內衣仍為集團的主要收益來源,帶來港幣4,728.6 百萬元的收益貢獻( 2017 財年:港幣 3,729.8 百萬元),按年增長 2 6.8 %%,佔集團整體收益的 8 0.6 。分部毛利為港幣 1,019.5 百萬元,而毛利率為 21.6 2017 財年:分別為港幣 726.4 百萬元及 19.5%19.5%)。

受到更強調運動內衣舒適和功能的市場潮流帶動,集團來自運動胸圍產品的收益年內 繼續錄得理想的增長 ,按年 增長 逾兩成 。


集團憑藉技術創新與突破,不但繼續與長期品牌夥伴開拓多款創新產品,獲 取更多訂單,同時與多名新的國際休閒服裝及運動品牌建立了緊密的合作關係,使集團的客戶組合更趨多元化。


由於集團策略性地 投放更多資源於利潤更高的成品,因此胸杯及 其他 模壓產品業務的收益維持穩定,於年內增長 2. 3 至港幣 52 4.7 百萬元( 2017 財年:港幣 512.7 百萬元),佔集團總收益 8. 9% 。分部毛利及毛利率分別為港幣 111.5 百萬元及 21.2 2017 財年:分別為港幣 107.0 百萬元及 20.9%20.9%)。

運動服裝產品訂單的增長勢頭強勁;鞋履產品業務獲得一美國鞋履品牌夥伴


憑藉集團跨行業跨產品線的創新能力,集團於年內繼續積極開拓功能性運動類產品業務,並令此分部的收益按年增長 41.5 至港幣 614.8 百萬元( 2017 財年:港幣 43 4.4 百萬元),佔集團總收益的 10.5 。分部毛利為港幣 116.1 百萬元,毛利率為 18.9 2017 財年:分別為港幣 82.5 百萬元及 19.0%19.0%)。

年內,慿藉高端製模及無縫拼接技術,加上善用創新原材料, 並 把該等高端技術應用到運動服裝產品上,集團 獲得 多個主要運動品牌合作夥伴的認同,令集團於 2018 財年的運動服裝產品訂單 接近 倍增。

鞋類產品方面 亦進展良好,除了由於 年內 主要運動品牌合作夥伴的 穩定 訂單,集團 亦 獲得一家標榜舒適環保的美國 休 閒 鞋履品牌夥伴青睞。

越南擴產效益現,計劃在越南興建第五間廠房,具備可持續發展的鞋類生產及優秀技能


年內,越南的生產佈局已漸成熟。主要生產胸圍及貼身內衣產品的越南首間廠房規劃年產能約4,600萬件 於 2018 財年 已 接近 滿產 ,生產效率亦一直不斷提高。而於 2017 年 5 月投產的第二間廠房則主要生產胸杯,其產量足以支持集團對胸杯的內需。至於越南第三間廠房主要生產胸圍及貼身內衣與功能性運動服裝產品,規劃年產能約 3,000 萬件,已於 2018 年 4 月 正式 投入營運 ,目標於 2018 年第三季前 招聘 8,000 名員工。於 2018 年 3 月 31 日,越南三間廠房合共約有 2 1 5 00 名員工。

而越南第四間廠房將主要生產 胸圍及貼身內衣 、以 及 功能性運動服裝產品,其建築工程於年內進展順利, 第一期設施 預期於 2019 年首季開始營運。

集團於年內 在海防市的 越南新加坡工業園(「 VSIP 」) 內增購一幅土地以興建第五間廠房,總建築面積約 106,000 平方米 該廠房 不但 將 具備 鞋類產品 產能 ,讓集團能 將年產能約 200 萬對鞋類產品的生產逐步由深圳遷往越南 ,從而受惠於 越南 作為 建造鞋類生產設施 理想 地點 的多項優勢,包括具競爭力的 成本、勞動力供應以及鞋類產品出口關稅較低等 同時 該廠房 將 具備 內部絲網印刷能力 及設有 生產車間支持創新無縫針織生產能力 。 該設施第一期正在興建,預期於 2019 年 正式 投產。


集團位於深圳的廠房繼續肩負研發的重任並支援集團的生産需求 ,積極開拓技術含量較高、交貨期較短的高端產品,同時利用其地域優勢,全力配合品牌合作夥伴力拓中國市場的業務發展策略。於 2018年 3 月 31 日,集團的深圳廠房約有 1 5 0 00 名員工。

展望未來,集團將綜合考慮成本競爭力、政策、技術要求及品牌合作夥伴的銷售策略等多項因素,繼續優化深圳及越南廠房的產能配置。 為優化集團資源及更適當地配置不斷擴大的產能, 集團 將持續檢視現有各產品組合的盈利概況,堅持慎選品牌合作夥伴並建立雙贏關係的策略, 並 適時作出合理 優化務求將資源更有效地分配以達至盈利最大化。

洪先生總結 「展望未來,我們將加強在越南產能拓展及提升效率,以把握當地的優惠稅率、更有競爭力的勞工成本、穩健的勞動市場及策略地理位置。此外,我們將憑藉技術突破及在貼身內衣及功能性運動服裝行業的豐富經驗 開發更多 元 化的 「三高」產品 ── 高舒適度、高功能性、高價 值 ,以加強與長期品牌夥伴的業務關係 ,並 與多名新品牌夥伴建立緊密的合作關係。 2018 年乃集團成立 20周年,我們將延續過往成功的方程式,繼續精益求精,全面創新,為股東締造長遠高價值的回報。」

维珍妮2018 财年收益上升 25.5 至 5 868.0 百万港元,纯利增加146.0 至 240.2 百万港元

06/28/2018 | 企业

维珍妮2018 财年收益上升 25.5 至 5 868.0 百万港元,纯利增加146.0 至 240.2 百万港元

维珍妮2018 财年收益上升 25.5 至 5 868.0 百万港元纯利增加146.0 至 240.2 百万港元

(2018 年 6 月 28 日,香港讯) 全球领先的贴身内衣创新设计制造商(「 IDM 」) 维珍妮国际(控股)有限公司 (「维珍妮」或「公司」,连同附属公司,统称「集团」)(股份代号 2199 )公布截至2018 年 3 月 31 日止年度(「 2018 财年」或「年内」)的全年业绩。

于2018财年,集团录得收入总额港币5,868.0百万元(2017财年:港币4,676.9百万元),较2017财年上升25.5%。销售录得理想增长,主要由于若干主要品牌的订单稳步增长,加上集团与若干新品牌伙伴于年内建立了紧密的合作关系所致。因此,集团毛利增长36.2%至港币1,247.1百万元(2017财年:港币915.8百万元),毛利率上升至21.3%(2017财年:19.6%)。纯利亦大幅上升146.0%至港币240.2百万元(2017财年:港币97.6百万元),纯利率为4.1%(2017财年:2.1%)。为与股东分享集团的成果,董事会决议宣派末期股息每股3.8港仙。连同已派付的中期股息每股2.5港仙,全年股息总额为6.3港仙(2017财年:2.5港仙)。

维珍妮主席、首席执行官兼执行董事洪游奕先生表示:「我们投入了大量资源提升革新无缝拼接及模压技术,为品牌伙伴带来更高价值。此举不但得到长期品牌伙伴的认同,更令我们于年内成功获得多个世界知名休闲服装及运动品牌伙伴,为我们的收益及利润增长带来贡献,并使集团的客户组合更均衡。此外,我们亦乐见越南的产能布局逐渐成熟,使我们能够满足现有及新增品牌合作伙伴对我们创新产品的殷切需求,有望推动集团的长期及持续的业务增长。」

业务回顾

主要品牌伙伴 订单稳步 增长 新品牌伙伴需求 殷切

年内,胸围及贴身内衣仍为集团的主要收益来源,带来港币4,728.6 百万元的收益贡献( 2017 财年:港币 3,729.8 百万元),按年增长 2 6.8 %%,占集团整体收益的 8 0.6 。分部毛利为港币 1,019.5 百万元,而毛利率为 21.6 2017 财年:分别为港币 726.4 百万元及 19.5%19.5%)。

受到更强调运动内衣舒适和功能的市场潮流带动,集团来自运动胸围产品的收益年内 继续录得理想的增长 ,按年 增长 逾两成 。

集团凭借技术创新与突破,不但继续与长期品牌伙伴开拓多款创新产品,获 取更多订单,同时与多名新的国际休闲服装及运动品牌建立了紧密的合作关系,使集团的客户组合更趋多元化。

由于集团策略性地 投放更多资源于利润更高的成品,因此胸杯及 其他 模压产品业务的收益维持稳定,于年内增长 2. 3 至港币 52 4.7 百万元( 2017 财年:港币 512.7 百万元),占集团总收益 8. 9% 。分部毛利及毛利率分别为港币 111.5 百万元及 21.2 2017 财年:分别为港币 107.0 百万元及 20.9%20.9%)。

运动服装产品订单的增长势头强劲;鞋履产品业务获得一美国鞋履品牌伙伴

凭借集团跨行业跨产品线的创新能力,集团于年内继续积极开拓功能性运动类产品业务,并令此分部的收益按年增长 41.5 至港币 614.8 百万元( 2017 财年:港币 43 4.4 百万元),占集团总收益的 10.5 。分部毛利为港币 116.1 百万元,毛利率为 18.9 2017 财年:分别为港币 82.5 百万元及 19.0%19.0%)。

年内,慿借高端制模及无缝拼接技术,加上善用创新原材料, 并 把该等高端技术应用到运动服装产品上,集团 获得 多个主要运动品牌合作伙伴的认同,令集团于 2018 财年的运动服装产品订单 接近 倍增。

鞋类产品方面 亦进展良好,除了由于 年内 主要运动品牌合作伙伴的 稳定 订单,集团 亦 获得一家标榜舒适环保的美国 休 闲 鞋履品牌伙伴青睐。

越南扩产效益现,计划在越南兴建第五间厂房,具备可持续发展的鞋类生产及优秀技能

年内,越南的生产布局已渐成熟。主要生产胸围及贴身内衣产品的越南首间厂房规划年产能约4,600万件 于 2018 财年 已 接近 满产 ,生产效率亦一直不断提高。而于 2017 年 5 月投产的第二间厂房则主要生产胸杯,其产量足以支持集团对胸杯的内需。至于越南第三间厂房主要生产胸围及贴身内衣与功能性运动服装产品,规划年产能约 3,000 万件,已于 2018 年 4 月 正式 投入营运 ,目标于 2018 年第三季前 招聘 8,000 名员工。于 2018 年 3 月 31 日,越南三间厂房合共约有 2 1 5 00 名员工。

而越南第四间厂房将主要生产 胸围及贴身内衣 、以 及 功能性运动服装产品,其建筑工程于年内进展顺利, 第一期设施 预期于 2019 年首季开始营运。

集团于年内 在海防市的 越南新加坡工业园(「 VSIP 」) 内增购一幅土地以兴建第五间厂房,总建筑面积约 106,000 平方米 该厂房 不但 将 具备 鞋类产品 产能 ,让集团能 将年产能约 200 万对鞋类产品的生产逐步由深圳迁往越南 ,从而受惠于 越南 作为 建造鞋类生产设施 理想 地点 的多项优势,包括具竞争力的 成本、劳动力供应以及鞋类产品出口关税较低等 同时 该厂房 将 具备 内部丝网印刷能力 及设有 生产车间支持创新无缝针织生产能力 。该设施第一期正在兴建,预期于 2019 年 正式 投产。

集团位于深圳的厂房继续肩负研发的重任并支援集团的生产需求 ,积极开拓技术含量较高、交货期较短的高端产品,同时利用其地域优势,全力配合品牌合作伙伴力拓中国市场的业务发展策略。于 2018年 3 月 31 日,集团的深圳厂房约有 1 5 0 00 名员工。

展望未来,集团将综合考虑成本竞争力、政策、技术要求及品牌合作伙伴的销售策略等多项因素,继续优化深圳及越南厂房的产能配置。为优化集团资源及更适当地配置不断扩大的产能, 集团 将持续检视现有各产品组合的盈利概况,坚持慎选品牌合作伙伴并建立双赢关系的策略, 并 适时作出合理 优化务求将资源更有效地分配以达至盈利最大化。

洪先生总结 「展望未来,我们将加强在越南产能拓展及提升效率,以把握当地的优惠税率、更有竞争力的劳工成本、稳健的劳动市场及策略地理位置。此外,我们将凭借技术突破及在贴身内衣及功能性运动服装行业的丰富经验 开发更多 元 化的 「三高」产品 ── 高舒适度、高功能性、高价 值 ,以加强与长期品牌伙伴的业务关系 ,并 与多名新品牌伙伴建立紧密的合作关系。 2018 年乃集团成立 20周年,我们将延续过往成功的方程式,继续精益求精,全面创新,为股东缔造长远高价值的回报。 」