The Zhitong Finance App learned that China's Lilang (01234) rose nearly 4%. As of press release, it had risen 3.81% to HK$4.9, with a turnover of HK$2,539 million.

According to the news, China Lilang recently announced that the retail value of “LILANZ” products in the first quarter of 2024 (based on retail value) achieved a high increase in the number of units compared to the same period in 2023. According to the 2023 financial report, the company's revenue last year was approximately RMB 3,544 billion (same unit), up 14.8% year on year; gross profit was 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 HK5 cents per share.

Zheshang Securities released a research report saying that the company's profitability has been rising steadily. As a leading brand of business casual menswear, channel reforms have gradually been implemented during the dormant period, and the brand has been upgraded. The light business series has been very effective in helping youth. The company is expected to achieve net profit of 6.0/6.7/740 million yuan in 24-26 years, +14%/11%/10% over the same period last year. Since listing, the dividend rate has stabilized at around 75%, and is expected to correspond to the 24-year dividend rate of 8.8%. High dividends are undervalued and have growth targets, maintaining a “buy” rating.