$On Holding (ONON.US)$Listed in 2021, revenue increased 70% ...

Revenue increased by 60% in the first 3 quarters of 2022. Although gross margin declined, the growth rate of operating expenses finally subsided. Operating profit reversed to 70 million, income from securities sales reached 34 million, and final net profit reached 84 million yuan.

Currently, the price-earnings ratio and price-earnings ratio TTM are still negative. If the net profit for the whole year reaches 110 million Swiss francs, corresponding to 120 million US dollars, the price-earnings ratio will reach 60. Although it is not very high in relation to the growth rate, how long such a high growth rate will continue is a big question. It is uncertain whether the operating expenses of Q4 will skyrocket, so we can wait until the annual report comes out before making a judgment.