STELLA HOLDINGS (01836) The comprehensive revenue in 2024 increased by approximately 3.5% to $15.451 billion.

Stella Holdings (01836) announced that for the three months ended December 31, 2024, the unaudited comprehensive income of the group decreased by approximately 1.1% to US $385.4 million (compared to US $389.5 million in the same period of 2023). For the twelve months ended December 31, 2024, the unaudited comprehensive income of the group increased by approximately 3.5% to US $1.5451 billion (compared to US $1.4927 billion in the same period of 2023). Despite the high base effect and some customers adjusting their seasonal shipment patterns in response to the 2024 Paris Olympics, the shipment volume for the three months ended December 31, 2024 increased by approximately 3.0% year-on-year. The shipment volume for the twelve months ended December 31, 2024 increased by approximately 8.2%, primarily driven by the sports and fashion categories. The average selling price for both periods decreased, mainly due to a higher proportion of lower-priced sports category products and decreases in raw material prices. The group has already achieved its "3-year plan" (2023-2025) goal of achieving an operating profit margin of 10% by the end of 2025 and an annual post-tax profit growth rate in the low double-digit percentage. The company is confident in achieving these goals, as they have already met and exceeded the operating profit margin targets in 2023 and for the six months ended June 30, 2024. Additionally, apart from maintaining a regular dividend payout ratio of 70%, the group is committed to returning up to an additional US $60 million in cash to shareholders each year through a combination of share buybacks and special dividends over the three-year period (2024-2026), totaling no more than US $180 million.