23 Mar 2023 Xtep’s FY22 revenue was up by 29.1% YoY to Rmb12,930m, mainly driven by i) robust growth of 25.9% YoY from core brand sales to Rmb11,128m due to strong sales orders from distributors, continual growth in e-commerce on
23 Mar 2023 Sunny reported 2H22 revenue decreased by 8.1% YoY to Rmb16,225m, dragged by declined HLS/HCM shipment due to weak smartphone market demand. GPM in 2H22 shrunk by 2.5ppt YoY to 19.0%, due to smartphone de-spec trend and adverse
22 Mar 2023 FY22 revenue was up 17.3% YoY to Rmb7.0bn, with core brand retail value up by high-teens/low-teens/mid-teens/flat YoY and that of 361º Kids up by 20-25%/20-25%/20-25%/LSG YoY in 1Q/2Q/3Q/4Q. GPM was down by 1.2ppt YoY to 40.5%, with
21 Mar 2023 China Lesso’s FY22 turnover decreased by 4.0% YoY to Rmb30.8bn while NP decreased by 17.3% YoY to Rmb2.6bn. Turnover came in 6% below our expectation, however as the GPM beats our expectation, NP was only 3% short
21 Mar 2023 The company reported a 8.7% YoY decline in topline to Rmb3,086m in FY22, as i) some stores were temporarily suspended during the year due to pandemic, and ii) Lilang provided Rmb83.7m rebates to its distributors during the
20 Mar 2023 Q-Tech reported 2H22 revenue of Rmb6,664m, which decreased 28.5% YoY. 2H22 total CCM shipment decreased 17.5% YoY to 210.7m units. ASP of CCM products declined 13.4% YoY to Rmb28.8. FPM shipment increased 2.8% YoY to 60.9m units
20 Mar 2023 Stella’s FY22 revenue was up by 5.9% YoY to US$1,631m, mainly driven by a 0.4% YoY increase in shipment to 56.0m pairs and 5.2% YoY increase in ASP to US$28.5/pair (FY21: US$27.1/pair). GPM was up by 1.0ppt
13 Mar 2023 While the collapse in SVB will unlikely trigger another financial crisis, it could have a negative psychological impact on China markets. Many Chinese tech start-ups, especially those with dollar funding, have opened U.S. accounts at SVB. At
08 Mar 2023 CNE’s FY22 revenue was up by 22.0% YoY to Rmb2,679m, mainly due to a 20.9% YoY increase in power sales, which accounted for 78.9% of total revenue (FY21: 79.6%). Revenue from wind power rose by 13.9% YoY
02 Mar 2023 Pentamaster’s 4Q22 revenue increased 20.6% YoY from MYR122.4m in 4Q21 to MYR147.7m. Automated Test Equipment (ATE) segment revenue increased 9.5% YoY to MYR94.4m on strong demand from automotive business. Factory Automation Solutions (FAS) segment revenue surged 47.3%
