1 April 2025 Operating against the backdrop of volatile market environment; escalating geopolitical issue and subdued property sector in China, China Lesso was indeed operating in a tough environment. Its FY24 turnover was down by 12.4% YoY to Rmb27.0bn while
27 Mar 2025 Sunny Optical’s FY24 revenue was up by 20.9% YoY to Rmb38.3bn, driven by i) 20.2% YoY increase in handset segment (HLS/HCM) to Rmb25.1bn amid recovery in the smartphone market and better product mix; ii) 14.3% YoY increase
25 Mar 2025 Anta’s FY24 revenue was up by 13.6% YoY to Rmb70.83bn driven by the YoY rise in Anta brand/ FILA/ Other brands by 10.6%/ 6.1%/ 53.7% to Rmb33.5bn/Rmb26.6bn/ Rmb10.7bn respectively driven by the recovery in the retail market.
28 March 2025 Wasion announced its FY24 results with NP increased by 35.4% YoY to Rmb705.6m on the back of 20.2% YoY growth in revenue to Rmb8.7bn. Both FY24 top and bottom line beat our expectation by 3% and 8%
26 March 2025 On the back of the strong increase in demand for camera modules (CCM) (+28.2% YoY), the increase in ASP and increase in sales volume of fingerprint recognition modules (FPM) (+50.8% YoY), Q-Tech’s FY24 revenue amounted to Rmb16.2bn,
21 Mar 2025 Xtep’s FY24 revenue was up by 6.5% YoY to Rmb13,577m, mainly driven by i) steady growth of 3.2% YoY from core brand Xtep to Rmb12,327m due to the strong growth from online channels of ~20% YoY which
19 Mar 2025 TK Group’s (TKG) FY24 revenue amounted to HK$2.4bn, representing a YoY increase of 21.2%, while NP also went up by 28.2% YoY to HK$261.9m. A final DPS of HK$8.8cents and special DPS of HK$10.0cents was proposed. During
13 Mar 2025 FY24 revenue was up 19.6% YoY to Rmb10.1bn, with core brand retail value up by high-teens/10%/10%/10% YoY and that of 361º Kids up by 20-25%/mid-teens/10%/10-15% YoY in 1Q/2Q/3Q/4Q. GPM was up by 0.4ppt YoY to 41.5%, with
12 March 2025 Impro Precision’s FY24 revenue amounted to HK$4.7bn, representing a marginal growth of 1.8%. Net profit went up by 10.1% YoY to HK$644.3m in FY24. Its GPM edged up by 1.5ppt to 27.1% in FY24. Improvement in GPM
10 Mar 2025 CPI and PPI contracted more than expected in February, underscoring the need for more stimulus measures from Beijing amid persistent disinflation in the country. CPI shrank 0.7% YOY, more than expectations for a drop of 0.4% and
