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EEKA FASHION: ANNUAL REPORT 2024
EEKA FASHION (03709.HK): The trustee purchased 1.398 million shares under the share reward plan.
On April 10, according to an announcement from EEKA FASHION (03709.HK), the trustee of the share incentive plan has purchased a total of 1.398 million shares of the company from the market between April 7 and 9, 2025, and holds them in trust for the benefit of the selected participants.
[Brokerage Focus] Shanxi maintains EEKA FASHION (03709) 'Buy-B' rating, as the consumer environment is relatively weak and the company's same-store sales are somewhat pressured.
Jinwu Financial News | Shanxi's research report indicates that in 2024, EEKA FASHION (03709) achieved revenue of 6.589 billion yuan, a year-on-year decline of 4.68%. From the perspective of channels, revenue growth was mainly driven by the increase in e-commerce channels, while offline direct sales and distributor channels experienced a year-on-year decline. The company achieved a net income attributable to shareholders of 0.469 billion yuan, a year-on-year decline of 44.10%. The decline in the company's performance was greater than the revenue decline, primarily due to the increase in sales expense ratio and management expense ratio, as well as a decrease in other income and earnings, partially offset by the improvement in sales gross margin year-on-year. The bank stated that in 2024, there will be a relatively weak domestic consumer environment.
Analysts Have Been Trimming Their EEKA Fashion Holdings Limited (HKG:3709) Price Target After Its Latest Report
Is it the right time to invest in EEKA FASHION (03709) with low valuations and high dividends?
EEKA FASHION continues to optimize its gross margin, and the effectiveness of its multi-brand and good product strategy is significant.
EEKA FASHION (03709.HK): The performance low point has emerged, which may become a symbol of high recovery potential.
As consumer demand reverts to the top of the government's work agenda in 2025, market expectations for the Consumer Sector continue to rise, including the belief that it may become the second mainline beyond AI. Focusing on the Consumer Sector, seizing the high resilience potential of the recovery has become an important direction. A core logic is that as stimulus policies are intensified and implemented more quickly, market confidence has somewhat restored, which is expected to drive a noticeable rebound in the overall growth rate of the consumer market this year, leading to an improvement in the fundamentals. Some consumer companies, based on performance pressures in 2024, are expected to welcome a 'deep squat jump' in 2025. Meanwhile, the arrival of the annual report season provides a means to test consumption.