China's Lilang (01234) rose more than 4%. As of press release, it rose 4% to HK$4.42, with a turnover of HK$1,564,800.
The Zhitong Finance App learned that China's Lilang (01234) rose more than 4%. As of press release, it had risen 4% to HK$4.42, with a turnover of HK$1,564,800.
According to the news, China Lilang announced its 2023 results, with revenue of approximately RMB 3,544 billion (same unit), up 14.8% year on year; gross profit of about 1.707 billion yuan, up 20.2% year on year; annual profit of about $530 million, up 18.4% year on year; proposed final dividend of 13 HK cents per share and special final dividend of HK 5 cents per share. Looking ahead to 2024, the Group plans a net increase of 100-200 stores to expand retail scale and improve operational efficiency.
CICC pointed out that maintaining China's Lilang's “outperforming the industry” rating, considering the company's active expansion of offline stores and increasing e-commerce business development efforts, it raised the 2024 profit forecast by 5.3% to 610 million yuan, and introduced a 2025 profit forecast of 670 million yuan, raising the company's target price by 6.3% to HK$5.16.