11???????????28????????????,?????????24/25?????,??????20???????????????,??

??????????????????(3998.HK)????????????????2024/25???????

????????????????,???,??????????????,???????,????,????????????,??,????????

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??,????

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??????(3998.HK)2024/25??

??,????,2018 ?,????“??,???????????”????,????,???????????,???????????????

???,??????????,??????“???????????”????,????????,???,????????????????????

????,24/25?????????????,?????????????????19.4%???????????52.8???24/25?????,????3.9??????????????????,?????????????47.1%,??????6.0??

?????????????,????????“???????????????????????”?????,????????

??,?2023????????????1960????????????,?????????????????????????,??????????????????????????????????,??????????????2028????,??????????????????,?????11%???????????

24/25??????,???????????,?13.4%??????????????????????23.2??????????,????????OEM?????????????????ODM???,???

????????,?????????

??????,?????????????????,???????????,?????????Top????Top?,????????,????

??,???????,???,???????????????????

????Brand Finance“2024?50????????(Brand Finance Apparel 50 2024)”,??????????????????46????;????????????????????????(World Brand Lab)“2024????????????500????”,??????268??????;?????“2024?????”?????????????,?????????????8????????????????????,????????

????“????”????

????,??????????????????24/25?????????????,????????????,???????«???????????????»???????????????????????????????“?????????”????,??????

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??????????,?????,??????,??,???????,??????????,??????30%?

???????????,????????????????????9???????????????????????IP???????????????????????11???????????????????????????????????????24/25???????,???????????????24.1%?

ESG???

?????????(S&P Global)??????2024??????????????????7????????????????????16??????????????«??(???????????)2024»,?????????????????ESG?????????60???????????1735???????,??«??(???????????????)2024»,?????,???????

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2??????????

3???????

4??????????

5?????

11???????????28????????????,?????????24/25?????,??????20???????????????,??

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????,24/25?????????????,?????????????????19.4%???????????52.8???24/25?????,????3.9??????????????????,?????????????47.1%,??????6.0??

?????????????,????????“???????????????????????”?????,????????

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24/25??????,???????????,?13.4%??????????????????????23.2??????????,????????OEM?????????????????ODM???,???

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????Brand Finance“2024?50????????(Brand Finance Apparel 50 2024)”,??????????????????46????;????????????????????????(World Brand Lab)“2024????????????500????”,??????268??????;?????“2024?????”?????????????,?????????????8????????????????????,????????

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ESG???

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