Baoxiniao Garment Releases 2023 H1 Report: Hazzys Surpasses Baoxiniao in Revenue, Advances Remodeling Plan for Italian Brand Camicissima

Aug 23, 2023

After the closing on August 18th, China Menswear Group, Baoxiniao Garment (SZ.002154), released its 2023 H1 report. Benefiting from the steady implementation of various brand business plans in the first half of the year, the company achieved a revenue of 2.47 billion yuan, a 23.8% increase compared to the same period last year. Net profit attributable to shareholders reached 408 million yuan, a year-on-year growth of 53.9%, marking a recovery into positive growth. The financial report indicated that over the past three years, the compound annual growth rate of revenue was 10%, while t …