HK Stock Market Move | JNBY (03306) Rises Over 3% on High-Quality Full-Year Earnings Growth; Declares Special Dividend with a Payout Ratio of 110%

JNBY (03306) extended gains today, rising 3.19% as of press time to HK$21.98, with turnover of HK$75.64 million. On the news front, JNBY previously released its FY2026 results for the period ended June, with revenue of RMB 6.046 billion, up 9.0% year-on-year; gross profit of RMB 4.030 billion, up 10.7% year-on-year; and profit attributable to shareholders of RMB 997 million, up 11.7% year-on-year. On dividends, the company declared a final dividend of HK$1.06 per share and a special dividend of HK$0.75 per share, which together with an interim dividend of HK$0.52 per share brought the full-year payout ratio to about 110%. A CLSA research report noted that it raised its FY2027 to FY2028 sales forecasts by 2% to 4% to reflect the sales resilience brought by the multi-brand portfolio and member retention and expansion; given resilient underlying demand, strong execution, excellent shareholder returns and an inexpensive valuation, it views the stock as one of its top picks in China. SPDB International said JNBY can be positioned as a sustainable-growth, high-dividend holding.