Kingsoft (09991) releases the ultimate battle report of Double 11, with 27 brands achieving sales of over one billion yuan online.

18:41 12/11/2024

On November 12, Baozun (09991) released the final battle report of Double 11, in which GMV grew by more than two digits compared to the previous year. Four brands exceeded ten billion in sales across the network, with 27 brands surpassing one billion in sales.

On November 12, Vipshop (09991) released the final report for "Double 11", with the GMV increasing by over two digits compared to the same period last year. Four brands achieved sales exceeding ten billion yuan across the platform, and 27 brands achieved sales exceeding one billion yuan. At the same time, 129 brands saw a year-on-year growth in GMV exceeding last year, 54 brands achieved a growth rate in GMV exceeding 100% compared to last year, and 30 brands achieved a growth rate in GMV exceeding 200% compared to last year.

Hon Hai's Q1 revenue increased by 29.68% compared to the same period last year. It is expected that Q2 sales will increase both sequentially and year-on-year.

EB SECURITIES: Shanghai Electric Group (02727) continues to make breakthroughs in emerging industries such as 25 years of nuclear fusion and Siasun Robot & Automation. We maintain a "buy" rating.

Guosheng Macro: Jobs in the United States show signs of improvement in March, but underlying worries remain.

Hon Hai's Q1 revenue increased by 29.68% compared to the same period last year. It is expected that Q2 sales will increase both sequentially and year-on-year.

EB SECURITIES: Shanghai Electric Group (02727) continues to make breakthroughs in emerging industries such as 25 years of nuclear fusion and Siasun Robot & Automation. We maintain a "buy" rating.

Guosheng Macro: Jobs in the United States show signs of improvement in March, but underlying worries remain.