10 January 2025 Sany Heavy issued a profit warning citing that the company will record an impairment loss on goodwill for the oil and gas equipment business cash generating unit of Rmb470.0m and impairment loss on properties for sales of
08 Jan 2025 Miniso’s 9MFY24 revenue reported at Rmb12.3bn, up 22.8%, driven by i) an 18.5% YoY increase in avg. store count; and ii) LSD SSSG growth. GPM was at 44.1%, up 3.7ppt YoY, mainly due to i) higher revenue
6 January 2025 China’s Caixin/S&P Global services PMI rose to 52.2 in Dec, up from 51.5 in Nov.
9 December 2024 China’s consumer inflation falls short and hits 5 months low
3 December 2024 Wasion announced that the company has won contracts from State Grid’s third centralized tender procurement on metering equipment that worth a total of Rmb261.1m. From this contract, the company has won 662k units of smart meters with
27 Nov 2024 Man Wah reported its Sept-ended 1HFY25 results with top line decreased by 7.1% YoY to HK$8.31bn. GPM slightly increased by 0.4ppt YoY to 39.5%. NP increased by 0.3% YoY to HK$1.14bn with NPM improved by 1.0ppt YoY
25 Nov 2024
19 Nov 2024 SunArt’s 1HFY25 (Sep-end) revenue was down by 3% YoY to Rmb34.7bn, mainly due to i) the contraction of supply chain business, which includes Taocaicai and Tmall Shared Inventory biz, contributed 2.5% impact; and ii) closure of long-term
14 November 2024 Precision Tsugami (China) (PTC) announced its 1H25 (Yr ended Mar) results with NP increased by 53.7% YoY to Rmb340.0m on the back of 32.4% YoY growth in turnover to Rmb2.0bn. GPM expanded by 4.4ppt to 32.1% in
8 November 2024 Amid the escalating geopolitical issues coupled with the uncertainty in global trades cause a noticeable impact on Pentamaster’s 3Q24 performance. As a result, the company experienced slower than expected growth in certain downstream customers and reported a
