JNBY Shares Extend Gains on Strong Interim Profit Performance

Stock News
Mar 12

JNBY (03306) rose over 3% again, reaching an increase of 2.8% to HK$22.02 at the time of writing, with a trading volume of HK$19.64 million. The company previously announced its interim results for the period ending in December. Revenue grew 7.0% year-on-year to RMB 3.376 billion, while net profit increased by 11.9% to RMB 676 million. The gross profit margin reached 66.5%, with several core indicators showing sustained improvement. The board proposed an interim dividend of HK$277 million, equivalent to HK$0.52 per share. Analysts noted that while revenue met expectations, profit growth exceeded forecasts due to stronger net profit margins. It was also mentioned that despite macroeconomic challenges, management has maintained its fiscal year 2026 targets, including a Gross Merchandise Value of RMB 10 billion, revenue of RMB 6 billion, gross and net profit margins above 65% and 15% respectively, and a dividend payout ratio exceeding 75%.

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