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Haitong Sec: The fashion consumer industry may form a market of over 10 trillion yuan, and the growth center is expected to achieve nearly 10% in the next five years.
Snack food is a "large industry + small companies." It is currently going through the fourth stage of channel transformation. Chinese and domestic snack brands are rising, and enterprises with multiple categories and supply chain capabilities will have better opportunities.
Edward Yau: There is still considerable room for growth in online sales in Hong Kong. The first "Hong Kong Goodies Festival" will be held next month.
Hong Kong Financial Secretary Paul Chan said that the value of online retail sales in Hong Kong's retail trade increased nearly 60% to HK$ 32.5 billion from 2020 to 2023 period.
SA SA INT'L: Annual Report 2023/24
HTSC: Different performance for beauty and medical beauty in Q2. Q3 may be more challenging for new product sales during off-season.
In Q3 24, it is the off-season for the industry, but also an important window period for many brand manufacturers to prepare for the November 11 shopping festival. It is recommended to pay close attention to new product developments.
Sa Sa International's Fiscal Q1 Revenue Down 10%
Sa Sa International (00178.HK): The first quarter revenue reached HKD 0.945 billion with online sales increasing significantly by 71.3%.
On July 15, Grong Hui announced that from April 1 to June 30, 2024, the first quarter of the fiscal year, the group's overall turnover recorded HK$0.9446 billion, a year-on-year decrease of 9.8%, mainly due to the group's core markets of China Hong Kong and Macau facing challenges. The operational pressure in the group's core markets mainly comes from (i) weak macroeconomic performance, (ii) sustained outbound tourism from Hong Kong and Macau, resulting in double-digit sales decline, and (iii) last year's resumption of customs clearance and retaliatory consumption in China Hong Kong, Macau, and mainland China.
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