New Gonow’s soaring stock and tanking profit: Shareholder concentration at play?
The recreational vehicle maker’s stock plunged after the securities regulator issued a high shareholder concentration warning, reversing a massive run-up over the last six months Key Takeaways: Over 90% of…
Haitian finds bitter taste in China’s restaurant slowdown
The country’s leading soy sauce maker’s revenue flattened in the third quarter, as sales for its core product contracted year-on-year Key Takeaways: Haitian reported its revenue was flat in the…
Starbucks clears its China tables, as the robotics bubble quietly deflates
"There’s no way they can compete with Luckin Coffee and a cup of coffee at 9 yuan, They’ve got to go for the premium experience" – on Starbucks' decision to…
Pop Mart’s bubble bursts with fading Labubu craze
The company’s third-quarter revenue plunged between 45% and 50%, led by drops of more than 65% in its Asia Pacific and Americas markets Key Takeaways: Pop Mart’s third-quarter revenue fell…
Hisense catches chill from cooling Chinese economy
The air conditioner and refrigerator maker’s revenue fell 8.8% in the third quarter, accelerating from a 5.2% decline in the first half of the year Key Takeaways: Hisense’s revenue fell…
Xtep’s Saucony bright spot loses momentum as downward slide continues
The company reported that retail sell-through volume for its core namesake sport shoe brand fell by a mid-single-digit percentage in the third quarter Key Takeaways: Sales for Xtep’s namesake brand…
Senior Material’s quarterly profit surges, but investors unimpressed
Lithium ion battery separator manufacturer Shenzhen Senior Technology Material Co. Ltd. (6067.HK; 300568.SZ) on Thursday reported its revenue surged 73.6% year-over-year to 1.84 billion yuan ($276 million) in the third quarter,…
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