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    RESEARCH

    CROSBY Research – 361 Degrees (1361 HK/BUY): More Super Premium Stores were opened in 2Q25

    CROSBY Research – 361 Degrees (1361 HK/BUY): More Super Premium Stores were opened in 2Q25

    15 Jul 2025 361 Degrees announced its 2Q25 operational results, with offline retail sales for its 361° Core Brand recorded a ~10% growth YoY (1Q25: +10%-15%, 2Q24: +10%), while 361° Kids was up by ~10% growth YoY (1Q25: +10%-15%, 2Q24:

    Crosby_research July 18, 2025July 18, 2025 RESEARCH Read more

    CROSBY Research – Johnson Electric (179 HK/ NR): Alliance of innovation: Forging the humanoid robotic frontier through JVs

    CROSBY Research – Johnson Electric (179 HK/ NR): Alliance of innovation: Forging the humanoid robotic frontier through JVs

    17 July 2025 Johnson Electric (JE) announced that it has entered into two JV agreements with Shanghai Mechanical & Electrical Industry. JE’s total investment in these two JVs amounted to Rmb75m.

    Crosby_research July 17, 2025 RESEARCH Read more

    CROSBY Research – Wasion Holdings (3393 HK/ BUY): Sustained progress in brand globalization with increasing recognition

    CROSBY Research – Wasion Holdings (3393 HK/ BUY): Sustained progress in brand globalization with increasing recognition

    15 July 2025 Wasion announced that it has been awarded a smart meter tender contract by Mexico’s Federal Electricity Commission (CFE) last month, valued at over MXN627.4m. This was followed by a previous supply agreement signed with CFE in March

    Crosby_research July 15, 2025July 15, 2025 RESEARCH Read more

    CROSBY Research – Sunny Optical (2382 HK/BUY): VLS Shipment continues to exceed expectations

    CROSBY Research – Sunny Optical (2382 HK/BUY): VLS Shipment continues to exceed expectations

    15 Jul 2025 Handset Lens Sets (HLS) shipment in Jun was down by 3.1% MoM and 12.7% YoY to 95.1m units. This decline was primarily due to a strategic focus on mid-to-high end projects. With the accelerated application of higher

    Crosby_research July 15, 2025July 15, 2025 RESEARCH Read more

    CROSBY Research – Hong Kong Retail: Retail sales in April down by 2.3% YoY

    CROSBY Research – Hong Kong Retail: Retail sales in April down by 2.3% YoY

    05 June 2025 According to data released by the Hong Kong Census and Statistics Department, retail sales in April 2025 declined for the 14th consecutive month, dropping by 2.3% YoY to an estimated HK$28.9bn, falling short of market expectations, which

    Crosby_research June 5, 2025 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 80)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 80)

    2 Jun 2025

    Crosby_research June 2, 2025June 2, 2025 RESEARCH Read more

    CROSBY Research – SinoMab BioScience (3681 HK/ NR): An innovative immunology specialist

    CROSBY Research – SinoMab BioScience (3681 HK/ NR): An innovative immunology specialist

    2 Jun 2025 Based in Hong Kong, SinoMab is a pioneering biopharmaceutical company specializing in the research, development, manufacturing, and commercialization of therapeutics for immunological diseases, with a primary focus on monoclonal antibody (mAb)-based biologics. Since its inception, SinoMab has

    Crosby_research June 2, 2025June 2, 2025 RESEARCH Read more

    CROSBY Research – Kuaishou (1024 HK/NR): 1QFY25 revenue up 10.9% YoY

    CROSBY Research – Kuaishou (1024 HK/NR): 1QFY25 revenue up 10.9% YoY

    30 May 2025 Kuaishou’s 1QFY25 revenue was up by 10.9% YoY to Rmb32.6bn, mainly due to i) 8% YoY increase in online marketing services to Rmb18.0bn, driven by higher spending from marketing clients; ii) 14% YoY increase in live streaming

    Crosby_research May 30, 2025May 30, 2025 RESEARCH Read more

    CROSBY Research – Johnson Electric (179 HK/ NR): FY25 results showed resilience amid challenges

    CROSBY Research – Johnson Electric (179 HK/ NR): FY25 results showed resilience amid challenges

    29 May 2025 During the period under review, Johnson Electric (JE) faced mounting challenges across its key downstream markets. These difficulties stemmed from a decline in automobile production, heightened price competition in several consumer and industrial segments, and weakened consumer

    Crosby_research May 29, 2025May 29, 2025 RESEARCH Read more

    CROSBY Research – SunArt Retail (6808 HK/NR): Turnaround in FY25

    CROSBY Research – SunArt Retail (6808 HK/NR): Turnaround in FY25

    23 May 2025 SunArt’s FY25 (Mar-end) revenue was down by 1.4% YoY to Rmb71.6bn, mainly due to i) the contraction of supply chain business and store closures which accounted for 1.4% decline in sales; and ii) closures on loss making

    Crosby_research May 23, 2025May 23, 2025 RESEARCH Read more
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