Articles written by Bamboo Works - Benzinga

Nayuki Tweaks Franchising Model As Competitors Serve Up Rival Listings

Chow Tai Fook Glitters As Hedge Against Lower Interest Rates

Key Takeaways: Chow Tai Fook’s sales grew 12.4% in the first three months of this year, accelerating from the company’s 6% revenue growth in the six months through September 2023 As China’s largest listed jeweler, Chow Tai Fook could benefit from gold’s recent rise to record high prices By Edith Terry

'Perfect Storm' Of Factors Fuels Rise In Smartphone Recycling

By Kerry Xuefeng Chen

Deadbeat Developer Debt Collection Enters New Phase With Shimao Liquidation

Key Takeaways: A unit of China Construction Bank has asked a court to liquidate Shimao Group, which had a net debt ratio of 473.2% at the end of last year CCB Asia has taken legal action against three Hong Kong-listed Chinese real estate developers so far this year By Li Shih Ta

BenQ Hospital Files For IPO As Business Looks Stable, But With Few Growth Spots

Key Takeaways: BenQ Hospital has filed to list in Hong Kong, reporting its revenue rose 15% last year to 2.69 billion yuan China’s largest private hospital operator will use its IPO funds to expand and upgrade its existing facilities By Lau Chi Hang

China's Moderately Expansive Fiscal Stance Boosts Economic Recovery

By CCB International

Is Niu Technologies Ready To Charge Ahead Again?

Key Takeaways: Niu Technologies said its unit sales at home and abroad rose more than 30% in the first quarter, following a tough 2023 when its revenue fell 16% The electric scooter maker’s shares jumped 34% from an all-time low in the week following the announcement By Edith Terry

Guoquan Food Boosts Efficiency. But Is That Enough For Growth-Hungry Investors?

Key Takeaways: Guoquan Food’s revenue fell 15% year-on-year last year to 6.09 billion yuan, but it managed to post 9.3% profit growth on greater efficiency The provider of hotpot ingredients for home dining has responded to changes in consumer dining habits, but there’s little space for more efficiency gains this year

Juicy Margins Set Zhongmiao Apart Among Stodgy Insurers

Key Takeaways: Insurance broker Zhongmiao, backed by appliance giant Haier Group, has filed to list in Hong Kong The company has a small revenue base but boasts strong profits by focusing on lucrative corporate insurance and using a light cost structure By Warren Yang

YTO International Ships In New CEO As Its Revenue Fails To Deliver

Key Takeaways: YTO International’s profit fell 29.2% to HK$96.8 million last year, as its revenue fell at a similar rate to HK$5.29 billion The international arm of one of China’s leading delivery companies replaced its CEO Sun Jian with newcomer Zhou Jian, former CEO of Shenzhen Fengwang Express By Li Shih Ta

Zeekr Steps On IPO Accelerator As Its Prospects Run Low On Fuel

Key Takeaways: Zeekr has reportedly restarted its IPO process with reduced fundraising plans, seeking to list before its valuation falls more as prospects worsen for Chinese NEV makers The company’s revenue from vehicle sales slowed to 44% year-on-year in the second half of last year from about 150% in the first half

ProfoundBio Discovers The Joys Of Having A Wealthy Owner

Key Takeaways: Cancer treatment maker ProfoundBio announced it will be purchased by Denmark’s Genmab for $1.8 billion The deal is the fourth acquisition of a China-related innovative drugmaker by a foreign company in the last four months By Doug Young

'Sing! China' Flames Out, Leaving STAR CM In The Dark

Key Takeaways: STAR CM fell into the red last year with a 1.6 billion yuan loss after a controversy broke out surrounding its main money-spinner, the “Sing!

Investors lap up China Feihe Despite Declining Profits And Revenue

Key Takeaways: China Feihe posted declines in both profits and sales last year, as it is heavily exposed to the country’s falling birth rate The company, which gets 91% of its revenue from infant milk formula, may remain attractive to investors due to its pledge to pay much of its profits as dividends By Edith Terry

Strawbear Slips Into The Red But Seeks Salvation In AI

Key Takeaways: Strawbear Entertainment made a net loss of 109 million yuan last year and its revenue dropped 14.3% The maker of dramas for film and TV hopes to cut costs by using AI to generate content By Fai Pui

JST Group Shows There's Still Growth Potential In China's Tough E-Commerce Market

Key Takeaways: JST Group has filed to list in Hong Kong, disclosing it became China’s largest ERP SaaS provider for e-commerce last year with 23.2% market share The company’s revenue grew 33.3% to 690 million yuan last year, while its gross profit margin improved by 10 percentage points to 62.3% By Li Shih Ta

Tian Tu Plunges Into The Red On Sagging Hong Kong Stock Market

Key Takeaways: Tian Tu Capital posted an 873 million yuan net loss last year, reversing a 559 million yuan profit in 2022 The venture capital firm is getting hit by weakness in the Hong Kong IPO market, one of its primary venues for disposing of its consumer-related investments By Doug Young

Goldwind's Profit Tumbles As China Sales Start To Deflate

Key Takeaways: Goldwind’s revenue growth slowed to 5.4% in the second half of last year from 15.4% in the first half, as sales in its core China market began to contract The company’s inventory rose sharply last year as the Chinese wind power market slows after several years of big growth By Doug Young

Keep Inc. Sprints Towards Profits As Investors Remain Wary

Key Takeaways: Keep Inc.’s revenue grew 3.7% in the second half of the year, reversing a 2.7% decline in the first half on falling product sales The fitness app operator slashed its headcount and costs last year, helping to significantly boost its margins By Doug Young

China East Education's Profit Squeezed By Low Tuition Gains

By Teri Yu Vocational educator China East Education Holdings Ltd. (0667.HK) last year enrolled legions of Chinese looking to boost their skills in a slowing domestic economy, even as that same economic slowdown pressured its own tuition income.