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
CROSBY Research – Stella International (1836 HK): Ramping up its capacity in the coming 3 years




