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    Author: Crosby_research

    CROSBY Research – Anta Sports (2020 HK/BUY): Continual GPM expansion

    CROSBY Research – Anta Sports (2020 HK/BUY): Continual GPM expansion

    29 Aug 2024 Anta’s 1H24 revenue was up by 13.8% YoY to Rmb33.74bn, mainly driven by i) 13.5% YoY growth from core brand sales to Rmb14.2bn as a result online growth, product enhancement and restocking by distributors; ii) 6.8% YoY

    Crosby_research August 29, 2024August 29, 2024 RESEARCH Read more

    CROSBY Research – Canvest Environmental (1381 HK/NEUTRAL): Stable growth in WTE segment

    CROSBY Research – Canvest Environmental (1381 HK/NEUTRAL): Stable growth in WTE segment

    27 Aug 2024 1H24 revenue down by 29% YoY to HK$2.13bn, mainly due to i) no construction revenue recorded during the period compared to HK$997m in 1H23, as there were no new projects; ii) revenue from power sales and waste

    Crosby_research August 27, 2024August 27, 2024 RESEARCH Read more

    CROSBY Research – Concord New Energy (182 HK/BUY): Utilization hours declined YoY in 1H24

    CROSBY Research – Concord New Energy (182 HK/BUY): Utilization hours declined YoY in 1H24

    26 Aug 2024 CNE’s 1H24 revenue was up by 31.7% YoY to Rmb1,753m, mainly due to a 14.1% YoY increase in power sales, which accounted for 77.8% of total revenue (1H23: 80.2%), and also a 187% YoY increase in other

    Crosby_research August 26, 2024 RESEARCH Read more

    CROSBY Research – Xin Point Holdings (1571 HK/ NR): Margin improved with healthy backlog

    CROSBY Research – Xin Point Holdings (1571 HK/ NR): Margin improved with healthy backlog

    23 August 2024 Listed on HKEX in 2017, Xin Point- a leading automotive plastic electroplated components supplier in China announced its 1H24 with revenue increased by 8.6% YoY to Rmb1.6bn. The company continued to record an improved in GPM to

    Crosby_research August 23, 2024August 23, 2024 RESEARCH Read more

    CROSBY Research – Xtep International (1368 HK/BUY): Expects margins improvement in 2H24

    CROSBY Research – Xtep International (1368 HK/BUY): Expects margins improvement in 2H24

    23 Aug 2024 Xtep’s 1H24 revenue was up by 10.4% YoY to Rmb7,203m, mainly driven by i) 6.6% YoY growth from core brand sales to Rmb5,789m as a result of the strong orders from online channels; and ii) 9.7%/72.2% YoY

    Crosby_research August 23, 2024 RESEARCH Read more

    CROSBY Research – Wasion Holdings (3393 HK/ BUY): Anticipating a strong 1H24

    CROSBY Research – Wasion Holdings (3393 HK/ BUY): Anticipating a strong 1H24

    19 August 2024 Wasion issued a positive profit alert citing that the company expects to record a net profit of over Rmb330.0m in 1H24, compared to Rmb213.8m in 1H23, representing a YoY increase of >54.0%. Such increase is mainly attributable

    Crosby_research August 19, 2024August 19, 2024 RESEARCH Read more

    CROSBY Research – 361 Degrees (1361 HK/BUY): Double digit growth in both topline and bottom line

    CROSBY Research – 361 Degrees (1361 HK/BUY): Double digit growth in both topline and bottom line

    14 Aug 2024 1H23 revenue increased by 19.2% YoY to Rmb5.14bn, with core brand retail value up by high-teens/+10% YoY and that of 361º Kids up by +20-25%/+mid-teens YoY in 1Q/2Q. GPM edged down by 0.4ppt YoY to 41.3%, as

    Crosby_research August 14, 2024 RESEARCH Read more

    Q-Tech (1478 HK): 1H24 net profit in line, expect further product mix enhancement in 2H24

    Q-Tech (1478 HK): 1H24 net profit in line, expect further product mix enhancement in 2H24

    14/08/24 Q-Tech reported 1H24 revenue of Rmb7,675m, which surged 40.1% YoY. 1H24 total CCM shipment increased 30.2% YoY to 221.4m units with ASP increased 11.0% YoY to Rmb32.6. FPM shipment increased 16.7% YoY in 1H24 with ASP declined 14.3% YoY

    Crosby_research August 14, 2024August 14, 2024 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 64)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 64)

    05 Aug 2024

    Crosby_research August 5, 2024August 5, 2024 RESEARCH Read more

    CROSBY Research – China Sportswear sector update: Domestic sportswear brands still growing strong

    CROSBY Research – China Sportswear sector update: Domestic sportswear brands still growing strong

    05 Aug 2024 With the Paris Olympics ongoing, 2024 is shaping up to be a truly significant year for sports, with domestic sports consumption continuing to rise. The love for outdoor activities and the pursuit of a healthy lifestyle among

    Crosby_research August 5, 2024August 5, 2024 RESEARCH Read more
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