Investment Rating - The investment rating for the company is upgraded to "Buy" [1] Core Insights - The company reported a total revenue of HKD 8.77 billion for 2024, representing a year-on-year increase of 10.3% [8] - The net profit attributable to shareholders for 2024 is HKD 355.85 million, a significant increase of 74.87% year-on-year [8] - The high-end brand Cybex is accelerating its global expansion, contributing to a 71% increase in profits [8] - The company has resumed dividend payments after six years, with a dividend rate of 33% and a dividend yield of 4.5% [8] - The gross profit margin improved to 51.4%, up 1.3 percentage points year-on-year, which contributed to the increase in net profit margin [8] Financial Projections - Total revenue projections for 2025, 2026, and 2027 are HKD 9.54 billion, HKD 10.39 billion, and HKD 11.17 billion respectively, with year-on-year growth rates of 8.82%, 8.93%, and 7.49% [1] - The net profit attributable to shareholders is projected to be HKD 450.37 million in 2025, HKD 532.50 million in 2026, and HKD 586.69 million in 2027, with corresponding growth rates of 26.56%, 18.24%, and 10.18% [1] - The earnings per share (EPS) are expected to increase from HKD 0.21 in 2025 to HKD 0.35 in 2027 [1] Market Data - The closing price of the company's stock is HKD 1.37, with a market capitalization of HKD 2.29 billion [5] - The price-to-earnings (P/E) ratio is currently at 6.42, projected to decrease to 3.90 by 2027 [1]
好孩子国际（01086）：2024年业绩点评：高端品牌Cybex加速发展，重启分红