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Why did the stock price of GOODBABY INTL (01086) fall despite a more than 55% increase in net profit?
Performance is surprisingly good, with net profit increasing by over 55%, yet the stock price drops instead of rising. Why is GOODBABY INTL (01086), a Global leader in baby strollers and car safety seats, not well received?
Goodbaby International to See Higher Profit in 2024
GOODBABY INTL (01086.HK) profit warning: expected annual net profit of approximately 0.325 billion HKD - -0.375 billion HKD.
On February 10, Gelonghui reported that GOODBABY INTL (01086.HK) expects the group to record a net profit of approximately HKD 0.325 billion to HKD 0.375 billion for the year ending December 31, 2024, compared to a net profit of approximately HKD 0.2085 billion for the same period in 2023. The increase in net profit is primarily a result of the growth in gross profit, the increase in operating expenses (mainly due to sales expenses increase resulting from revenue growth), and the decrease in income from the sale of properties, plants, equipment, and right-of-use assets. Among them, the growth in gross profit is mainly due to the increase in revenue and favorable brand revenue mix.
Express News | Goodbaby International - Expected Result Due to Increased Selling Expenses Arising From Increased Revenue, Others
Express News | Goodbaby International Holdings FY Net Income HKD 325 Million
GOODBABY INTL: POSITIVE PROFIT ALERT
Non-Executive Director of Goodbaby International Holdings Jingqiu Fu Buys 79% More Shares
