TOPSPORTS(HK:06110) Hua Yuan Zheng Quan·2025-12-24 06:11Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Insights - The third quarter retail sales declined significantly, and the company is awaiting the effects of Nike's adjustments in the Greater China region [4] - The company has a strong partnership with international brands like Nike and Adidas, which is expected to drive future growth [6] - The introduction of new brands is anticipated to diversify the company's offerings and expand its customer base [6] Financial Performance Summary - For FY2024, the company is projected to have a revenue of 28,933.20 million RMB, with a year-on-year growth rate of 6.87% - In FY2025, revenue is expected to decline to 27,012.90 million RMB, reflecting a decrease of 6.64% - The net profit attributable to the parent company for FY2024 is forecasted at 2,213.00 million RMB, with a growth rate of 20.49% [5] - The earnings per share (EPS) for FY2024 is estimated at 0.36 RMB, with a return on equity (ROE) of 22.47% [5] - The company’s financial metrics indicate a projected net profit of 1,287 million RMB in FY2026, with a slight growth of 0.09% [7]