16 Jan 2026 FY25 proved to be a good year for Q Tech as it expected to record a huge YoY surge in FY25NP of 400%-450%, reaching approximately Rmb1.1bn to Rmb2.6bn.
CROSBY Research – Q Tech (1478 HK/BUY): Anticipating a strong FY25
CROSBY Research – 361 Degrees (1361 HK/BUY): Stable YoY growth in 4Q25
14 Jan 2026 361 Degrees announced its 4Q25 operational results, with offline retail sales for its 361° Core Brand recorded a +10% growth YoY (3Q25: +10%, 2Q25: +10%), while 361° Kids was up by +10% YoY (3Q25: +10%, 2Q25: +10%).
CROSBY Research – Wasion Holdings (3393 HK/BUY): Unconventional energy tech; poised for revaluation
9 Jan 2026 We have been covering Wasion for a long time. Over the years, we have observed its impressive evolution from a pure metering business into a diversified advanced technology player. Wasion’s pivot reflects China’s broader energy modernization strategy,
CROSBY Research – J&T Global Express (1519 HK/NR): Parcel volume in FY25 surpassed the 30 billion mark, up 22.2% YoY
9 Jan 2026 J&T just reported strong 4Q25 and full‑year 2025 operating metrics, crossing the 30bn‑parcel milestone with broad‑based growth across China, Southeast Asia (SEA) and “New Markets” (Middle East + Latin America). Global scale-up: 4Q25 parcel volume reached 8.46bn
CROSBY Research – Zijin Mining (2899 HK/NR): Profit Alert Sets the Tone for 2026 — Gold/Silver Upswing & Lithium Scale‑Up
5 Jan 2026 On 30 Dec 2025, Zijin Mining issued a positive profit alert, guiding FY25 net profit attributable to shareholders to Rmb51–52bn, up roughly 59%–62% YoY (ex‑non‑recurring: Rmb47.5–48.5bn, +50%–53% YoY). Management attributed the uplift to both volume growth and
CROSBY Research – Minth Group (425 HK/NR): Deepening strategic inroads into robotics
18 Dec 2025 On 18th December, Minth announced that it has entered into a strategic collaboration agreement with Robotics Company. The Robotics Company is a global leader in embodied intelligent robotics. It maintains world-class competitiveness, with international expansion as a
CROSBY Research – Mixue Group (2097 HK/NR): A defensive yet high-growth consumer play expectations
17 Dec 2025 Mixue has delivered a stellar performance in 1H25, underscoring the resilience of its high-volume, low-margin business model against a backdrop of softening consumer sentiment. The company reported total revenue of Rmb14.87bn, up 39.3% YoY. This growth was
CROSBY Research – RoboSense Technology (2498 HK/NR): Setting sights on profitability milestone in 4Q25
27 November 2025 RoboSense’s LiDAR product sales reached 185.6k units in 3Q25, marking a 34.0% YoY/ 17.3% QoQ growth. This also represents two consecutive quarters of sequential growth. In ADAS sector, sales reached 150.1k units, presenting a YoY increase of
CROSBY Research – Kuaishou Technology (1024 HK/NR): Kling AI’s 3Q25 growth exceeded expectations
21 Nov 2025 Kuaishou’s 3QFY25 revenue was up by 14.2% YoY to Rmb35.6bn, mainly due to i) 14% YoY increase in online marketing services to Rmb20.1bn, driven by the use of AI technology to upgrade marketing product solutions; ii) 2.5%
CROSBY Research – Man Wah Holdings (1999 HK/NR): 1HFY26 NP increased by 0.6% YoY on higher GPM
18 November 2025 Man Wah reported its Sep-ended 1HFY26 results with top line declined by 3.1% YoY to HK$8.04bn mainly due to a MSD YoY drop in both sofas and bedding sales. GPM increased by 0.9ppt YoY to 40.4%. The