03818 CHINA DONGXIANG
- 0.370
- +0.010+2.78%
CHINA DONGXIANG News
Trends in China (03818.HK): Retail sales of Kappa brand stores recorded a year-on-year decline of 10% to 20% in the fourth quarter of the 2023/24 fiscal year
On April 26, Ge Longhui | China Trends (03818.HK) announced that in the fourth quarter of the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low drop of 10% to 20% year-on-year. In the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low increase of 10% to 20% year-on-year. In the fourth quarter of fiscal year 2023/24, same-store sales recorded a high year-on-year decline in units based on the Kappa brand stores that were already in operation since the same quarter last year. Cumulative in the 2023/24 fiscal year, with K already in operation since the same quarter last year
Intraday Overview | Hong Kong stocks continue to rise! The Tech Index rose more than 2%, and Tech Net stocks had the highest gains
Kuaishou rose more than 6%, JD and Meituan rose more than 5%, Tencent and Bilibili rose nearly 3%, and Baidu, Alibaba, and Xiaomi rose about 2%.
Overview of the Hong Kong market | Hong Kong stocks were weak throughout the day, the technical index fell nearly 3%, coal and electricity stocks rose against the market, and Yankuang Energy surged nearly 8%
Technology Network stocks weakened collectively. Bilibili, JD, and Xiaomi fell by about 4%, Baidu and Kuaishou fell more than 3%, Ali, Meituan, and Tencent fell more than 2%, and NetEase followed; property management stocks fell sharply, Wanwuyun fell nearly 9%, Ya Life Services and China Resources Vientiane Life fell more than 4%, and Country Garden Services fell nearly 6%.
Hong Kong Stock Afternoon Review | The three major indices fell sharply, the Science Index fell nearly 3%, Science Network and Property Management stocks had the highest declines, and coal and electricity stocks strengthened against the market
The Hang Seng Index fell 1%, while Kewang stocks fell by 2.71%; Jingdong fell nearly 5%, Xiaomi fell nearly 4%, Bilibili, Baidu, and Kuaishou fell more than 3%, Meituan and Tencent fell more than 2%, and Ali and NetEase fell slightly; coal stocks reversed the market; Yankuang Energy rose nearly 7%, China Shenhua rose nearly 5%, and China Coal Energy rose more than 6%.
Intraday quick overview | The three major indices rose by about 2%. Technet and auto stocks strengthened collectively. Tencent rose nearly 5%, and Ideal Auto rose nearly 7%
The Hang Seng Index rose 1.89%, the Keji Index rose 2.28%, and the National Index rose 2.02%; Kewang stocks rose collectively, Bilibili rose nearly 6%, Meituan rose more than 3%, NetEase, Xiaomi, and JD rose about 2%; auto stocks generally rose, Geely Automobile rose more than 8%, and Xiaopeng Motor and Great Wall Motor rose more than 3%.
Changes in Hong Kong stocks | Sporting goods stocks generally rebounded, Li Ning (02331) rose more than 4%, and the health of operating indicators is expected to recover
Sporting goods stocks generally rebounded. As of press release, Li Ning (02331) rose 4.09% to HK$17.82; Anta Sports (02020) rose 3% to HK$72.1; and TEP International (01368) rose 2.26% to HK$4.07.
Changes in Hong Kong stocks | China Trends (03818) rose more than 5% in the third fiscal quarter, retail sales of Kappa brand stores achieved relatively rapid growth on a low base
The Zhitong Finance App learned that China Trends (03818) rose by more than 5%. As of press release, it had risen 5.45% to HK$0.29, with a turnover of HK$1.052,100. According to news, China's trends were recently announced. As of the third quarter ending at the end of December last year, retail sales of Kappa brand stores achieved a mid-year increase of 40% to 50%; cumulative for the first three quarters, retail sales recorded a low increase of 20% to 30% year-on-year. In the third quarter, same-store sales of Kappa brand stores achieved a high annual increase of 20% to 30%; cumulative for the first three quarters, same-store sales achieved 10% to 20% year-on-year
Intraday Overview | Hong Kong stocks continue to rise! The three major indices all rose about 2%, while Alibaba and NetEase rose more than 5%
Sporting goods stocks strengthened, with Li Ning and TEP up nearly 4%, and Anta, Taobo, and 361 degrees up more than 2%; auto stocks weakened collectively, with Great Wall Motor falling more than 7%, Zero Sports Auto falling nearly 7%, Xiaopeng Motors falling more than 4%, and Ideal Auto falling more than 2%.
China Merchants Securities: Brands with a high popularity of outdoor sports and a price-quality ratio are growing rapidly
The number of outdoor sportswear tracks began to expand rapidly after 2020, and the price range continued to rise.
Selected Announcements | China Merchants Bank's net profit last year exceeded 146.6 billion yuan; China Telecom's 5G users increased by 50.7 million last year
Haifeng International issued a profit warning. The profit due to shareholders in 2023 is expected to be about 530 million US dollars, down about 73% from the previous year; Zero Sports Auto will issue H shares and domestic shares to raise up to 600 million yuan.
Trends in China (03818.HK): 3QFY24 turnover achieved relatively rapid growth on a low base
The company's recent situation Kappa brand 3qFY24 (October-December 2023) retail sales increased by 40-50% in the middle, and same-store sales increased by 20-30% year on year. As of the end of December, Kapp
China Dongxiang Logs Up to 30% Rise in Same-Store Sales in Fiscal Q3
China Dongxiang (Group) (HKG:3818) booked a high 20% to 30% year-on-year increase in its same-store sales in Kappa-branded stores for the third quarter of the fiscal year. The retail performance in th
Trends in China (03818.HK): Retail sales of Kappa brand stores recorded a mid-year growth of 40% to 50% year-on-year in the third fiscal quarter
On January 19, Ge Longhui | China Trends (03818.HK) announced that in the third quarter of the 2023/24 fiscal year, the retail sales volume of the Group's Kappa brand stores recorded a mid-term increase of 40% to 50% year-on-year. In the 2023/24 fiscal year, retail sales of the Group's Kappa brand stores recorded a low growth of 20% to 30% year-on-year. In the third quarter of fiscal year 2023/24, same-store sales recorded a high increase of 20% to 30% year-on-year based on the calculation of Kappa brand stores that were already in operation at the beginning of the same quarter last year. Cumulative in the 2023/24 fiscal year, invested starting in the same quarter last year
Changes in Hong Kong stocks | China Trends (03818) fell by more than 8%, leading the decline in sporting goods stocks, brands, and the apparel sector may slow down in 2024
Sporting goods stocks generally declined today. As of press release, China Trend (03818) fell 8.47% to HK$0.27; Taobo (06110) fell 6.25% to HK$5.55; Li Ning (02331) fell 6.21% to HK$16.32; and TEP International (01368) fell 4.76% to HK$4.
Intraday Overview | The three major indices all fell by about 1%, and Baidu rebounded by nearly 3%; most auto stocks rose, and Internet healthcare stocks had the highest decline
Technet stocks had mixed ups and downs; Kuaishou rose slightly; Tencent, JD, Ali, and Meituan fell about 1%, and Bilibili and Xiaomi fell slightly; most auto stocks rose more than 3%, Xiaopeng Motors rose nearly 2%, and BYD shares and Geely Motors rose slightly.
Intraday Overview | The Hang Seng Index rose slightly, most auto stocks and digital currency concept stocks fell, and Meitu fell more than 11%
Most Technology Network stocks rose; Tencent, Meituan, Baidu, and NetEase rose more than 1%; shipping stocks rose collectively, with Haifeng International rising nearly 3% and COSCO Maritime Control rising more than 2%; sporting goods stocks were active, with Li Ning rising more than 3% and Anta rising by more than 2%.
Express News | BOC Securities: Optimistic about clothing retail and export performance
Express News | CITIC Securities: New winter textile and apparel products are fully rolled out and sales are ready to go a few years ago
Express News | The total size of the national sports industry reached 330.8 billion yuan in 2022
Zhongtai Securities: Brand Apparel Continues to Differentiate, Focus on Undervaluation Flexibility and High Prosperity Track Leader
The Zhitong Finance App learned that in 2024, Zhongtai Securities published a research report saying that in 2024, on the industry side, the cost performance consumption trend of brand apparel continues, and there is still uncertainty about terminal demand; on the brand side, the overall channel inventory of brand apparel is gradually digesting, and brand potential is divided; at the same time, it is expected that sentiment catalysis will form during the Olympics.
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