【OC&C】christmas-trading-index-2014_flat-out-or-out-flat.pdf

Flat FY24 earnings, with FY25 set for double-digit growth

Distributor’s Jan sales flat yoy; we believe market performed better

global-50_2015_flat-footed_international

China Sportswear Sector - Distributor‘s Jan sales flat yoy; we believe market performed better

4Q23 earnings preview： NP to be flat QoQ