Fuxing Makes Turnaround to Profitability in 1H2026 as Improved Margins Drives Earnings Recovery

• Return to profitability supported by improved gross profit margin, higher zipper selling prices and disciplined cost management.
   
• Gross profit margin expanded to 9.5% as improved margins from the Zipper and Processing segments drove stronger earnings with relatively stable revenue.
   
• Sustained positive operating cash flow, with net cash generated from operating activities of RMB17.6 million in 1H2026 and cash and short-term deposits of RMB199.3 million as at 30 June 2026.
   
• Total equity stood at RMB602.1 million with net asset per share of RMB 29.80 (equivalent to S$5.65) as at 30 June 2026.
   
• Focus on continual margin expansion through enhanced operational efficiency, utilising greater automation, and increased direct-to-brand sales.
   
• Proposed bonus issue to improve trading liquidity and broaden shareholder participation, subject to shareholders’ approval in a special general meeting to be announced in due course.
   
• The Company has also previously announced in March 2026 that a target annual dividend payout of at least 15% of the Group’s profit attributable to equity holders of the Company as dividends in respect of the next three financial years ending 31 December 2026, 31 December 2027 and 31 December 2028. 

of Fuxing, said: “Our return to profitability in the first half of 2026 reflects the progress of our operational optimisation initiatives, disciplined cost management and strategic pricing discipline. While revenue remained relatively stable, our planned improvement in gross profit margin contributed positively to our financial performance. 

Building on this momentum, we remain focused on strengthening our core zipper business and enhancing our financial performance by improving operating margins, increasing operational efficiency through automation and digitalisation, and expanding our customer base through deeper direct-to-brand relationships”. 

See link for full media release: https://www.3fzipper-ir.com/view&id=1207 

Fuxing (4th Largest Zipper Manufacturer Globally) - Bonus Issuance: one (1) Bonus Share for every two (2) existing Ordinary Shares

• Proposed bonus issue of up to 10,240,858 new ordinary shares of par value S$0.02 each.
• One (1) Bonus Share for every two (2) existing ordinary shares held by shareholders as at the Record Date.
• Based on the existing issued share capital of 20,481,716 Shares, excluding 327,720 treasury shares, up to 10,240,858 Bonus Shares will be issued.
• The Company’s enlarged issued share capital will increase up to 30,722,574 Shares.
• No payment is required to be made by entitled Shareholders for the Bonus Shares issued to them.
• The Bonus Shares will be allotted and issued as fully paid, by capitalising up to S$204,817.16 from the Company’s retained earnings.
• The Bonus Shares represent 50% of the existing issued share capital and approximately 33.33% of the enlarged issued share capitalfollowing completion.

See full media release: https://www.3fzipper-ir.com/view&id=1208