Dazzle Fashion Co Ltd

China's first-half 2026 apparel earnings season shows growth concentrating among stronger brands while legacy casualwear players lose ground. Biemlofe posted revenue growth of 23.7 percent with online sales rising more than 100 percent, and Balabala generated 4.83 billion yuan ($677 million) in first-half revenues, accounting for 71.8 percent of parent company Semir's total revenue. Dazzle Fashion, Ellassay, JNBY and Biemlofe all reported gross margins above 65 percent, while Erdos reported a 43.2 percent increase in first-half net profit. On the losing side, Heilan Home grew revenue 7.4 percent but net profits declined 5.9 percent, Semir's casualwear business grew just 3.4 percent, and Peacebird and Septwolves continue to work through inventory and channel restructuring. China's broader apparel market still grew in the first half, with retail sales of apparel, footwear and knitwear increasing 6.7 percent year-over-year, yet sales at above-quota specialty stores fell 8.7 percent.

Based on the equity registration date, a total of 15 listed companies will implement their 2025 dividend plans today. Among them, 10 companies have a cash dividend of 1 yuan or more per 10 shares. Dazzle Fashion is the most generous, distributing 4.00 yuan per 10 shares, followed by COSCO Shipping Specialized Carriers and Huaxia Bank, with cash dividends of 3.25 yuan and 3.20 yuan per 10 shares respectively. In terms of share transfers, Chengzhi Shareholding has the highest ratio, with a transfer of 4 shares for every 10 shares held. Regarding recent stock performance, KPC Pharmaceuticals has led these 15 stocks with a cumulative gain of 3.76% over the past five trading days.