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[Brokerage Focus] CITIC SEC: The textile and apparel Sector is expected to迎来修复性机会 in 2025.
Jinwu Financial News | CITIC SEC stated that with the gradual clarification of the consumer environment and policy expectations, the textile and apparel Sector is expected to welcome a recovery opportunity in 2025. At the same time, in the face of the uncertainty of the consumer environment over the past two years, some sub-sectors and leading companies are still actively seeking change. The firm recommends proactively grasping the following six major investment lines and key companies: ① Transformation of new retail formats; ② Brand momentum entering an upward cycle; ③ Recovery of the consumer environment driving operational recovery; ④ Core advantages solidified, external disturbances such as tariffs gradually taking effect, while dividend yields remain attractive; ⑤ The inventory destocking in the outdoor manufacturing industry is nearing its end, and Order performance is expected to recover with certainty.
ESPRIT HOLDINGS (00330.HK) has appointed Lau Chui-fong as an independent non-executive Director.
On February 28, Gronghui announced that the following Directors of ESPRIT HOLDINGS (00330.HK) have resigned, effective at the end of business on February 28, 2025: (i) Mr. STRIPPOLI Anthony Nicola has resigned as the company's executive director to pursue other personal interests and developments, but will continue to serve as the company's President of Operations for the Americas until April 11, 2025; (ii) Mr. Zhong Guobin has resigned as the company's independent non-executive director to pursue other business developments; and (iii) Mr. Xia Qichai has resigned.
Express News | Esprit Holdings Ltd - Strippoli Anthony Nicola Resigned as an Executive Director
ESPRIT HOLDINGS (00330.HK) expects an annual net loss attributable to Shareholders of approximately 1.172 billion Hong Kong dollars.
On February 19, Gelonghui reported that ESPRIT HOLDINGS (00330.HK) announced that it expects to record an unaudited net loss attributable to Shareholders of approximately 1.172 billion HKD for the fiscal year ending December 31, 2024, compared to a net loss attributable to Shareholders of approximately 2.339 billion HKD for the previous year. The group's revenue decreased by 73% to 1.593 billion HKD, resulting in a gross profit decline of 76% to 0.591 billion HKD. The group's restructuring also contributed to a reduction in losses, mainly due to a one-time gain of approximately 3.074 billion HKD from subsidiaries no longer being consolidated and a decrease in operating costs of 2.195 billion HKD. However, losses continued to narrow.
Express News | Esprit Holdings FY Net Income HKD -1,172 Million
ESPRIT HOLDINGS (00330) has appointed Wen Huicun as the company secretary and authorized representative.
ESPRIT HOLDINGS (00330) announced that Mr. Wei Weijian has resigned as the company secretary and authorized representative, and Mr. Wen Huicun...
Esprit Holdings Limited's (HKG:330) Popularity With Investors Under Threat As Stock Sinks 27%
