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