HK Stock Market Move | STELLA HOLDINGS (01836) rose more than 3% in the afternoon, with last year's total revenue increasing by approximately 3.5% year-on-year. The fourth quarter of 24 exceeded expectations.

STELLA HOLDINGS (01836) rose more than 3% in the afternoon, with an increase of 2.52% as of the time of publication, trading at HK$17.92, with a turnover of HK$2087.49 million. In terms of news, STELLA HOLDINGS announced that for the three months ending December last year, the group's comprehensive income decreased by about 1.1% to around $385 million. For the full year ending December 31 last year, cumulative comprehensive income increased by about 3.5% year-on-year to around $1.545 billion. The group has achieved its "3-year plan" (2023-2025) goals ahead of time, aiming to achieve an operating profit margin of 10% and a low double-digit percentage increase in net profit by the end of 2025. Haitong pointed out that the company's 4Q4 volume exceeded expectations, driven by sports orders. The full-year revenue growth in 2024 was robust, with the Q4 sports production capacity returning to a higher level; further capacity expansion is expected to continue to optimize order structure. The company is expected to benefit from the improvement in performance of existing customers and the expansion of new customers, further increasing profitability; an additional $180 million in cash is expected to be returned in 2024-26, with a total return per share expected to reach 9.7%.