01 Mar 2024

JNBY announced its FY1H24 interim results, with revenue increased by 26.1% YoY to Rmb2,976m mainly driven by 24.0%/ 29.7% YoY growth in “Mature” brand (JNBY) and “Younger” brands (CROQUIS, jnby by JNBY and LESS) to Rmb1,700m/ Rmb1,228m during the period, which the “Younger” brands were stacking up their importance to the company with a rise in the contribution to total revenue from 40.3% in FY1H23 to 41.3% in FY1H24.

CROSBY Research – JNBY (3306 HK): Net profit increased by 55% YoY on better margins