CARPENTER TAN: In 2024, performance slightly increased with net profit under pressure, rising tax expenses affecting profits, and plans to reduce dividends.
Key points: Revenue slightly increased: In 2024, earnings reached 0.505 billion yuan, a year-on-year growth of 1.2%. Gross margin improved: Gross margin was 0.305 billion yuan, a year-on-year increase of 1.4%, and gross margin slightly rose to 60.4%. Net income slightly decreased: The attributable profit to shareholders was 0.171 billion yuan, a year-on-year decline of 1.4%. The main reason for the profit decline: Income tax expenses increased by 15.4% year-on-year, which was a key factor in the decrease of net income. Channel differentiation: Offline business sales grew by 4.88%, with a net increase of 84 stores; online business sales slightly decreased by 0.84%. Inventory increase: Year-end inventory.
DeepSeek says: Whether Chaoyun's stock price is undervalued can be seen from these Indicators.
Since 2025, Hong Kong stocks have risen strongly, with the Hang Seng Index accumulating over a 20% increase to date, and confidence in the Capital Markets for the Hong Kong stock market is growing. Morgan Asset Management predicts that the revaluation of Chinese Assets is just beginning.
Yunji Group (06601.HK) continues to maintain an 80% high dividend payout, becoming the "Dividend King," with revenue and net profit increasing for four consecutive quarters.
In 2024, Yunji Group's revenue was 1.82 billion yuan (RMB, same below), a year-on-year increase of 12.7%; net profit was 0.195 billion yuan, a year-on-year increase of 13%, with gross margin increasing by 4.6 percentage points. The company has achieved double-digit growth in both revenue and net profit for four consecutive reporting periods.
The State-owned Assets Supervision and Administration Commission of the State Council: unswervingly strengthen, optimize, and expand state-owned capital and state-owned enterprises.
The 2025 Issue 6 of the "Seeking Truth" magazine published a signed article by the Party Committee of the State-owned Assets Supervision and Administration Commission of the State Council titled "Unwaveringly Strengthening, Optimizing and Expanding State-owned Capital and State-owned Enterprises."
Morgan Stanley: Key points for examining the humanoid robot Industry in China.
In this report, Morgan Stanley summarizes the key points of meetings related to humanoid robots during the trip to China.
The 'Laundry Liquid King' is investing money to achieve growth; Blue Moon is projected to have a loss exceeding 0.7 billion HKD in 2024.
First annual loss since going public.