Goodboy International (01086)'s revenue for the first three quarters was approximately HK$6.926 billion, up 7.9% year-on-year

Zhitongcaijing · 1d ago

According to the Zhitong Finance App, Goodboy International (01086) issued an announcement. According to the company's unaudited consolidated management accounts for the nine months ended September 30, 2026, the Group's revenue increased 7.9% from about HK$6.42 billion in the corresponding period in 2025 to about HK$6.926 billion. The exchange rate for the current period fluctuated compared to the same period in 2025, particularly between RMB and HKD, and between EUR and HKD and RMB. As a result of this fluctuation, there was a difference between the Group's revenue growth rate in the original currency and the revenue growth rate in Hong Kong dollars, the Group's reporting currency due to currency conversion reasons. Based on a constant currency scale, the Group's revenue for the current period increased by 4.1% compared to the corresponding period in 2025.

During the period, despite facing a continuously weakening macroeconomic environment, the Group's revenue increased by 7.9% compared to the same period in 2025 (4.1% increase in constant monetary terms). Revenue growth was mainly due to the growth of the Cybex and EVENFLO brands, which was partially offset by continued weakness in GB and Blue Chip and other businesses. The CYBEX brand continued to see revenue growth in the third quarter. The acceleration in growth in the third quarter was mainly due to the completion of delivery of the backlog of undelivered orders in the first half of this year, so to a certain extent, this increase reflected differences in shipment timing between reporting periods. CYBEX continued to maintain a positive business momentum during the period. The revenue growth that Evenflo achieved during the period was mainly due to strong growth in the third quarter. This increase was mainly due to the low revenue base in the third quarter of 2025 and changes in order timing. The Evenflo brand continued to guide customers to choose direct delivery from the Group's production base in China rather than pick up goods from the US local warehouse. Affected by this delivery model, orders usually confirmed in the fourth quarter of previous years were brought forward by customers to the third quarter. GB brand revenue continued to decline in the third quarter on a constant currency scale. Although the decline narrowed, mainly due to the good performance of durable goods, it was not enough to offset the decline in non-durable goods revenue. The blue chip business performance was adversely affected in the third quarter due to a decrease in customer orders; the Group maintained a healthy and stable cooperative relationship with blue chip customers.

Various adverse factors experienced in the first half of this year, including supply chain and logistics disruptions, rising raw material costs, adverse exchange rate fluctuations, regional business disruptions, high inflation, continued regional geopolitical conflicts, falling birth rates, and conservative consumer sentiment continued to affect the Group's performance in the third quarter. Among them, Europe, the Group's largest revenue market, was particularly affected. These macroeconomic uncertainties and challenges are expected to persist for the rest of the year, with rising raw material costs and adverse exchange rate changes being particularly affected. The Group will continue to promote an overall brand strategy based on an integrated one-stop platform, focusing on long-term sustainable development.