Changes in Hong Kong stocks | Jiangnan Buyi (03306) rose more than 3%, annual performance, high-quality growth, special dividend payment rate reached 110%

The Zhitong Finance App learned that Jiangnan Buyi (03306) continued to rise today. As of press release, it had risen 3.19% to HK$21.98, with a turnover of HK$75.64 million.

According to the news, Jiangnan Buyi previously announced financial results for the 2026 fiscal year ending the end of June, with revenue of 6.046 billion yuan, up 9.0% year on year; gross profit of 4,030 billion yuan, up 10.7% year on year; profit attributable to shareholders of 997 million yuan, up 11.7% year on year. In terms of dividends, the company declared a final dividend of HK$1.06 per share and a special dividend of HK$0.75 per share, along with an interim dividend of HK$0.52 per share, with an annual dividend of approximately 110%.

According to the Lyon Research Report, the sales forecast for the 2027-2028 fiscal year was raised by 2% to 4% to reflect sales resilience brought about by multi-brand portfolios and member retention and expansion; considering the resiliency of basic needs, strong execution, excellent shareholder returns, and poor valuation, it is regarded as one of China's preferred stocks. SPDB International, on the other hand, said that Jiangnan cloth can be used as a high-dividend target for sustainable growth.