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    RESEARCH

    CROSBY Research – JNBY (3306 HK/NR): Both top-line and bottom-line up by MSD YoY in FY1H25

    CROSBY Research – JNBY (3306 HK/NR): Both top-line and bottom-line up by MSD YoY in FY1H25

    7 Mar 2025 JNBY announced its 1HFY25 interim results, with revenue increased by 5.0% YoY to Rmb3,156m mainly driven by sales growth in online channel and increase in the scale of offline stores. JNBY brand remained as the largest revenue

    Crosby_research March 7, 2025March 7, 2025 RESEARCH Read more

    CROSBY Research – Concord New Energy (182 HK/BUY): Solid pipeline for future growth

    CROSBY Research – Concord New Energy (182 HK/BUY): Solid pipeline for future growth

    5 Mar 2025 CNE’s FY24 revenue was up by 6.3% YoY to Rmb2,752m. The top-line growth was mainly attributed to a 11.4% YoY increase in power sales, which accounted for 91.4% of total revenue (FY23: 87.3%). Revenue from wind power

    Crosby_research March 5, 2025March 5, 2025 RESEARCH Read more

    CROSBY Research – Wasion Holdings (3393 HK/ BUY): New collaboration with Siemens further strengthens partnership

    CROSBY Research – Wasion Holdings (3393 HK/ BUY): New collaboration with Siemens further strengthens partnership

    28 Feb 2025 Wasion announced that the company and Siemens will collaborate to promote comprehensive solutions for modular data centers and the globalization of China’s manufacturing industry, contributing to the high-quality development of the energy sector to improve the competitiveness

    Crosby_research February 28, 2025February 28, 2025 RESEARCH Read more

    Sunny Optical (2382 HK/BUY): Strong NP growth in FY24

    Sunny Optical (2382 HK/BUY): Strong NP growth in FY24

    27 Feb 2025 Sunny Optical announced a positive profit alert for its FY24 results, with FY24 NP up around 140%-150% YoY to Rmb2,639m to Rmb2,749m, amid recovery in the smartphone market and strong demand in NEV

    Crosby_research February 27, 2025February 27, 2025 RESEARCH Read more

    Crosby Bi-noculars (Bi-weekly Issue 75)

    Crosby Bi-noculars (Bi-weekly Issue 75)

    24 Feb 2025 The “No. 1 central document” for 2025, the first policy statement released by China’s central authorities this year, called for enhanced efforts in the work related to agriculture, rural areas and farmers in 2025 and beyond, with

    Crosby_research February 24, 2025February 24, 2025 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 74)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 74)

    10 Feb 2025 China’s annual inflation rate climbed to 0.5% in January 2025 from 0.1% in December, surpassing market expectations of 0.4%. This marked the highest level since August 2024, driven by seasonal effects from the Lunar New Year at

    Crosby_research February 10, 2025February 10, 2025 RESEARCH Read more

    CROSBY Research – TK Group (2283 HK/ NR): Rebound in domestic and overseas sales drove FY24 growth

    CROSBY Research – TK Group (2283 HK/ NR): Rebound in domestic and overseas sales drove FY24 growth

    20 January 2025 TK Group issued a positive profit alert citing that the company expected to record an increase of not less than 20% in FY24 net profit. Such increase in net profit was mainly attributable to 1) a rebound

    Crosby_research January 20, 2025January 20, 2025 RESEARCH Read more

    CROSBY Research – China Sportswear sector update: Sales rebound in the sportswear sector

    CROSBY Research – China Sportswear sector update: Sales rebound in the sportswear sector

    Recently, China’s largest sports retail operator, Topsports (6110.HK, NR), released its first “White Paper on Sports Consumption Among China’s Broader Young Demographic”《中国泛年轻人群运动消费白皮书》, based on proprietary data, a survey of 12,000 consumers, and industry research. The white paper explores four key

    Crosby_research January 20, 2025 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 73)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 73)

    20 January 2025 Recently, China’s largest sports retail operator, Topsports (6110.HK, NR), released its first “White Paper on Sports Consumption Among China’s Broader Young Demographic”《中国泛年轻人群运动消费白皮书》, based on proprietary data, a survey of 12,000 consumers, and industry research. The white paper

    Crosby_research January 20, 2025January 20, 2025 RESEARCH Read more

    CROSBY Research – 361 Degrees (1361 HK/BUY): Stable growth in 4Q24

    CROSBY Research – 361 Degrees (1361 HK/BUY): Stable growth in 4Q24

    17 Jan 2025 361 Degrees announced its 4Q24 operational results, with offline retail sales for its 361° Core Brand recorded a ~10% YoY growth (3Q24: ~+10% YoY), while 361° Kids branded products was up by 10-15% YoY (3Q24: +~10% YoY).

    Crosby_research January 17, 2025 RESEARCH Read more
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