Bonny International Holding Limited reported interim results for the six months ended 30 June 2026.

Financial Highlights • Revenue declined 16.2% year-on-year to RMB 97.44 million, mainly due to lower overseas orders, particularly from the United States, the Netherlands, Canada and Korea. • Gross profit slipped 15.5% to RMB 32.40 million, but the gross margin held broadly stable at 33.3% (H1 2025: 33.0%). • Profit attributable to owners jumped to RMB 9.87 million from RMB 1.17 million, driven by a RMB 15.33 million gain on the sale of the entire issued share capital of Hongkong Bonny Limited (“Bonny HK”). • Earnings per share rose to RMB 0.7 cent (H1 2025: 0.1 cent). • No interim dividend was declared.

Segment Performance ODM products generated RMB 82.72 million in revenue, down 16.0% year-on-year; brand products contributed RMB 14.71 million, down 17.9%. After the 30 June 2026 completion of the Bonny HK disposal, the Group’s own-brand business ceased, leaving ODM as the sole operating segment from H2 2026 onward.

Geographical Mix Germany remained the largest destination with RMB 38.07 million in sales (+15.1% YoY). Mainland China contributed RMB 31.46 million (+1.1%). Sales to the United States fell 15.3% to RMB 16.87 million, while the Netherlands and Canada dropped 56.6% and 97.1% respectively.

Cost and Expense Dynamics Selling and distribution expenses decreased 12.5% to RMB 18.24 million, reflecting fewer retail outlets and lower mall commissions. Administrative and other expenses rose 8.7% to RMB 26.22 million, mainly due to transaction-related professional fees for the Bonny HK disposal. Finance costs increased 40.6% to RMB 4.45 million owing to additional short-term borrowings before the divestiture.

Balance Sheet and Liquidity • Cash and cash equivalents stood at RMB 30.22 million (31 Dec 2025: RMB 20.42 million). • Interest-bearing borrowings fell sharply to RMB 3.23 million after RMB 275.30 million of debt was de-consolidated with Bonny HK. • Net current assets turned positive at RMB 81.78 million (31 Dec 2025: net current liabilities of RMB 73.68 million). • Gearing ratio dropped to 3.93% from 49.02% at year-end 2025.

Strategic Developments The completed disposal removed the loss-making brand products business and associated property assets, allowing management to allocate resources exclusively to the ODM segment. The Group plans to: 1. Increase R&D spending to speed up new-product launches; 2. Maintain overseas production capability to mitigate tariff and geopolitical risks; 3. Broaden sales channels to improve order resilience.

Capital Commitments and Subsequent Events No material capital commitments, contingent liabilities, or significant events were noted after 30 June 2026.

Outlook Management characterises the current approach for the ODM business as “stabilise first, then soar,” emphasising steady order intake, product development and diversified markets amid a challenging global apparel environment.