The Zhitong Finance App learned that China Trends (03818) rose by more than 5%. As of press release, it had risen 5.45% to HK$0.29, with a turnover of HK$1.052,100.

According to the news, trends in China were recently announced. As of the third quarter ending at the end of December last year, retail sales of Kappa brand stores achieved a mid-year increase of 40% to 50%; cumulative for the first three quarters, retail sales recorded a low growth of 20% to 30% year-on-year. In the third quarter, same-store sales of Kappa brand stores achieved a high annual increase of 20% to 30%; cumulative for the first three quarters, same-store sales increased by 10% to 20% year-on-year.

CICC pointed out that 3QFY24 retail sales achieved relatively rapid growth on a low base. The Kappa brand's same-store sales increased by 20-30% year-on-year during the quarter. The company promoted the efficiency and efficiency of channel management, and the Kappa brand opened 13 stores to 1,015 during the quarter. Furthermore, as the 2024 Paris Olympics approach, the bank expects sports brands to continue to launch new products and actively sell in the Olympics, and is expected to maintain a good boom in 2024.