The Luxury Thread

Beyond Europe · China and Asia

Bosideng

3998.HK · Hong Kong. Prices to 23 Oct 2026. Updated 25 Oct 2026.

China's leading down jacket brand, moving upmarket. Fiscal year ends in March and results are half yearly.

Company tag

Recovering

Same thresholds as the European Luxury Health Check, but against the local market: growth above 3% scores +1, below 0% scores −1; shares more than 5 points ahead of the Hang Seng year to date score +1, more than 5 points behind score −1. Total +2. This tag is separate and does not feed the European health score.

Key numbers

PeriodRevenueGrowthReleased
FY2025/26 (Apr 2025 to Mar 2026)RMB27,350m+5.6%25 Jun 2026
Earlier periodsnot yet verified

Growth basis: reported, as the company reports it. Download CSV

Margin and valuationValueSource
Operating margin, FY2025/2619.4%source
Valuation (P/E, yield)not yet verified
Line chart: Bosideng shares −4.8% this year vs Hang Seng −9.9%

What management said

FY2025/26 (Apr 2025 to Mar 2026) Tone: steady

Released 25 Jun 2026. Moderate growth with a higher margin. Release.

“In FY2025/26, the Group has returned to its entrepreneurial roots, focused on its core business of down apparel.”

Results press release, source

Call: No public call transcript checked for this release. Not yet verified.

Annual report. Annual report 2025/26. Linked, not yet reviewed in detail.

Not yet verified: Interim results to September 2026 (due late November). Quarterly figures (the company reports half yearly).

Sources

Last updated 25 Oct 2026. Quotes are copied verbatim from the linked releases.