Glorious Sun Enterprises, which owns fashion chain JeansWest in the mainland and Australia, saw net profit grow 12 per cent to $218.17 million in the year to March.
Chairman Charles Yeung Chun-kam attributed the result to a 27 per cent jump in contributions from its garment-export division, which offset the impact of the depreciating Australian dollar on the firm's balance sheet.
He said the depreciation shaved 19 per cent from profit growth at its outlets in Australia and New Zealand.
The company's manufacturing bases in the Philippines, Cambodia and Indonesia helped reduce operating costs, with most of the products sold to the United States, he said.
Its retailing division generated 53 per cent of $2.65 billion in turnover last year, while the export arm accounted for 40 per cent of turnover.
In the mainland, the company added 125 outlets last year to bring the total to 396, and turnover in that market grew 38 per cent to $795 million.
'There were frequent price reductions in China as rivals dumped stocks, but we remained unscathed,' Mr Yeung said.