Net profit reached €129 million (approx. USD 139.5 million), representing a 73% increase compared to €75 million in the same period last year.

For the full fiscal year 2025, net sales increased by 5% year-on-year on both a reported and constant currency basis to USD 7.01 billion.

Lao Pu Gold’s overseas business revenue experienced explosive growth, increasing by 455.2% year-on-year to RMB 1.597 billion [USD 219.1 million].

The strong performance of the DTC channel in the Chinese Mainland reflects robust consumer demand and deep resonance with the brand’s seasonal products.

Adidas maintains its initial full-year outlook, expecting operating profit between €1.7 billion and €1.8 billion.

Lao Pu Gold’s revenue for the first half of 2025 is estimated to be approximately RMB 12 billion to RMB 12.5 billion (USD 1.65 billion to USD 1.72 billion), representing a year-on-year increase of around 241% to 255%.

“LVMH showed solidity in the current context.”

The overall performance for the first half of the year remained relatively stable, with a year-on-year decline of 0.1% to CHF 13 billion (approx. USD 14.82 billion).

“We remain highly optimistic about the high growth potential of the Chinese market, and while maintaining the brand’s absolute exclusivity, we plan to further enhance our market influence.”

In the Chinese Mainland market, both revenue and profit recorded growth.