News

Topsports Is Racing With Nike and Adidas, but Facing a Competitive Workout
Topsports had a rock-solid balance sheet with a net cash position of CNY 2 billion at the end of fiscal 2023. Topsports' capital structure, almost 100% equity, is more conservative and we think the ...
STO's Long-Term Margin Has Been Lifted as We Are More Confident in Its Cost-Saving Efforts
In the fourth quarter of 2024, STO's volume market share was 12.9%, fourth among the Tongda operators. To reduce the parcel damage rate and raise efficiency, STO is investing in automated sorting, ...