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China's Service Trade Grows 8.7% In Q1
Mao Ge Ping (01318) rose by 7.31% in the afternoon, with Institutions indicating that last year's performance was impressive, driven by both makeup and skincare.
Jinwu Financial News | Mao Geping (01318) strengthened in the afternoon, as of the time of writing, up 7.31%, reported at 107.1 Hong Kong dollars, with a transaction value of 0.272 billion Hong Kong dollars. In terms of news, Mao Geping achieved revenue of 3.89 billion yuan in 2024, a year-on-year increase of 35%; the net income attributable to the parent was 0.88 billion yuan, a year-on-year increase of 33%; the adjusted net income was 0.92 billion yuan, a year-on-year increase of 39%. The company distributed dividends of 0.35 billion yuan for the whole year, with a dividend payout ratio of 41%. Zheshang Securities stated that the performance in 2024 will be impressive, with cosmetics business growth exceeding expectations, online channels increasing significantly, and offline performance stable, indicating promising growth potential in the future.
Hong Kong stocks movement | Mao Ge Ping (01318) rose more than 6%. Institutions indicate that there is a large space for domestic goods substitution, and it is expected to continue enjoying a valuation premium.
Mao Geping (01318) rose over 6%, as of the time of writing, an increase of 6.21%, priced at 106 Hong Kong dollars, with a transaction amount of 0.255 billion Hong Kong dollars.
Orient: Consumer stimulus policies have been implemented, and the consumer sentiment among residents has significantly rebounded.
The trend of Consumer recovery is good, the momentum of online retail continues to be released, and the increase in Trade volume in the e-commerce Industry is strongly supported, maintaining a Bullish rating for the Industry.
Mao Geping (01318) will distribute a final dividend of 0.72 yuan per share on July 8.
Mao Ge Ping (01318) announced that the company will distribute dividends as of December 2024 on July 8, 2025...
MAO GEPING: 2024 Annual Report
