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Express News | Shares of Bosideng Extend Losses, Down More Than 17%
Express News | Shares of Bosideng Set to Open Down 9.9% as Key Shareholder Plans to Sell Shares
Bosideng Announces Major Share Placement
Bosideng (03998) received the transfer of 400 million shares from its controlling shareholder.
Bosideng (03998) announced that on July 3rd, 2024 (before trading hours), the company's shares held by the founder and chairman of the group ...
Brokerage focus: Sealand Securities maintains a "buy" rating on Bosideng (03998) and is bullish on its product strength and brand strength, which continue to improve and achieve increased profit margins.
According to a research report released by Sealand Securities, Bosideng (03998) announced on June 26th that its FY2024 group revenue increased by 38.4% year-on-year to RMB 23.21 billion, operating profit increased by 55.6% year-on-year to RMB 4.398 billion, net income attributable to shareholders increased by 43.7% year-on-year to RMB 3.07 billion, gross margin increased by 0.1 percentage point to 59.6% compared with the same period last year, and net profit margin increased by 0.5 percentage point to 13.2% compared with the same period last year. The final dividend is HKD 0.20 per share, and the full-year dividend increased by 38.9% year-on-year to HKD 0.25 per share. The company's revenue and profit achieved significant growth, and its profitability improved.
Decoding the strong growth of Bosideng (3998.HK) with financial reports exceeding expectations.
Bosideng's performance has once again exceeded expectations. The financial report shows that in the 23/24 fiscal year (ending on March 31, 2024), Bosideng achieved revenue of 23.21 billion yuan, a year-on-year increase of 38.4%; net income was 3.12 billion yuan, a year-on-year increase of 44.7%, both reaching historic highs. At the same time, profit growth rate exceeded revenue growth rate. Looking outwards, the consumer industry has maintained a weak recovery since 2023, and market competition pressure has been increasing rather than decreasing. Looking inwards, Bosideng's revenue and profits have continuously hit new highs for many years, continuously raising the base, while the growth rate has been rising rather than falling. This management resilience can be described as robust. How did Bosideng achieve this?
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