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    RESEARCH

    CROSBY Research – MicroPort NeuroScientific (2172 HK/ NR): Anticipating a strong surge in FY24 NP

    CROSBY Research – MicroPort NeuroScientific (2172 HK/ NR): Anticipating a strong surge in FY24 NP

    14 January 2025 MicroPort NeuroScientific (MNS) issued a positive profit alert citing that the company expects its FY24 net profit to be in the range of Rmb236m – Rmb270m, representing a YoY growth of 75% -100%. Based on its preliminary

    Crosby_research January 14, 2025January 14, 2025 RESEARCH Read more

    CROSBY Research – Xtep (1368 HK/BUY): Stable growth in 4Q24 sales

    CROSBY Research – Xtep (1368 HK/BUY): Stable growth in 4Q24 sales

    14 Jan 2025 Xtep announced its 4Q24 operational results, with retail sales for its Xtep Core Brand recorded a HSD growth YoY, compared to a MSD YoY growth in 3Q24. While offline sales recorded LSD YoY growth, online sales grew

    Crosby_research January 14, 2025 RESEARCH Read more

    CROSBY Research – Anta Sports (2020 HK/BUY): Sales recovery in 4Q24

    CROSBY Research – Anta Sports (2020 HK/BUY): Sales recovery in 4Q24

    13 Jan 2025 Anta announced its 4Q24 operational results, with retail sales for its Anta Core Brand recorded a HSD growth YoY, accelerating from MSD YoY growth in 3Q24 (2Q24: HSD, 1Q24: MSD). Adult sales grew by HSD YoY while

    Crosby_research January 13, 2025January 13, 2025 RESEARCH Read more

    CROSBY Research – Sany Heavy Equipment (631 HK/ NR): Impairment losses dented FY24 bottom line growth

    CROSBY Research – Sany Heavy Equipment (631 HK/ NR): Impairment losses dented FY24 bottom line growth

    10 January 2025 Sany Heavy issued a profit warning citing that the company will record an impairment loss on goodwill for the oil and gas equipment business cash generating unit of Rmb470.0m and impairment loss on properties for sales of

    Crosby_research January 10, 2025January 10, 2025 RESEARCH Read more

    CROSBY Research – Miniso (9896 HK/NR): Steady growth with expanding GPM

    CROSBY Research – Miniso (9896 HK/NR): Steady growth with expanding GPM

    08 Jan 2025 Miniso’s 9MFY24 revenue reported at Rmb12.3bn, up 22.8%, driven by i) an 18.5% YoY increase in avg. store count; and ii) LSD SSSG growth. GPM was at 44.1%, up 3.7ppt YoY, mainly due to i) higher revenue

    Crosby_research January 8, 2025January 8, 2025 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 72)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 72)

    6 January 2025 China’s Caixin/S&P Global services PMI rose to 52.2 in Dec, up from 51.5 in Nov.

    Crosby_research January 6, 2025January 6, 2025 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 71)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 71)

    9 December 2024 China’s consumer inflation falls short and hits 5 months low

    Crosby_research December 9, 2024December 9, 2024 RESEARCH Read more

    CROSBY Research – Wasion Holdings (3393 HK/ BUY): 3rd tender win indicated strong demand for smart meters

    CROSBY Research – Wasion Holdings (3393 HK/ BUY): 3rd tender win indicated strong demand for smart meters

    3 December 2024 Wasion announced that the company has won contracts from State Grid’s third centralized tender procurement on metering equipment that worth a total of Rmb261.1m. From this contract, the company has won 662k units of smart meters with

    Crosby_research December 3, 2024December 3, 2024 RESEARCH Read more

    CROSBY Research – Man Wah Holdings (1999 HK/NR): 1HFY25 NP increased by 0.3% YoY on higher GPM and lower SG&A ratio

    CROSBY Research – Man Wah Holdings (1999 HK/NR): 1HFY25 NP increased by 0.3% YoY on higher GPM and lower SG&A ratio

    27 Nov 2024 Man Wah reported its Sept-ended 1HFY25 results with top line decreased by 7.1% YoY to HK$8.31bn. GPM slightly increased by 0.4ppt YoY to 39.5%. NP increased by 0.3% YoY to HK$1.14bn with NPM improved by 1.0ppt YoY

    Crosby_research November 27, 2024November 27, 2024 RESEARCH Read more

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 70)

    CROSBY Research – Crosby Bi-noculars (Bi-weekly Issue 70)

    25 Nov 2024

    Crosby_research November 25, 2024November 25, 2024 RESEARCH Read more
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