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Pop Mart (09992.HK) shares fell more than 12% in the afternoon after its financial report showed that revenue for 2025 was RMB37.12 billion, up 184.7% year-on-year, and profit attributable to owners was RMB12.775 billion, up 308.8% year-on-year.March 25th - The world economy is injecting valuable confidence and vitality. Chinas economy boasts a stable foundation, numerous advantages, strong resilience, and great potential. The supporting conditions and basic trends for its long-term positive outlook remain unchanged. Chinas healthy and stable development will inject more certainty and new momentum into the world, sharing development opportunities and achieving common development with all countries. Zheng Shanjie stated that China will continue to expand high-level opening-up, continuously improve the business environment, fully guarantee national treatment for foreign-invested enterprises, create a policy environment with transparent rules and equal opportunities for foreign-invested enterprises, and share development dividends with all countries. The National Development and Reform Commission welcomes Samsung to seize the opportunities presented by Chinas continued expansion of opening-up, strengthen its confidence and determination to develop in China, further expand its investment and cooperation in China, actively maintain the stability of the global semiconductor supply chain, and achieve mutual benefit and win-win results. Lee Jae-yong expressed his gratitude to the National Development and Reform Commission for its support of Samsungs production and operations in China. He stated that China is an important part of Samsungs global strategy, and Samsung is optimistic about the new opportunities brought by Chinas high-quality development and looks forward to further deepening cooperation.March 25th - Xiaocaiyuan (00999.HK) released its annual results for the year ended December 31, 2025. The Groups revenue was RMB 5.345 billion, an increase of 2.6% year-on-year; profit attributable to shareholders was RMB 715 million, an increase of 23.16% year-on-year; earnings per share were RMB 0.61, and the final dividend was RMB 0.21.On March 25th, Pop Mart (09992.HK) Group released its 2025 financial report. During the reporting period, the Group operated 630 stores in 20 countries worldwide, a net increase of 109 stores throughout the year, and operated 2,637 robot stores, a net increase of 165 units throughout the year. The Group opened its first offline stores in Germany, Denmark, Canada, and the Philippines, further expanding its international market presence. In the Chinese market, the number of offline stores increased by 14, from 431 in 2024 to 445 in 2025. In the Asia-Pacific market, the number of offline stores increased by 31, from 54 in 2024 to 85 in 2025.On March 25th, Pop Mart (09992.HK) Group released its 2025 financial report. The LABUBU familys revenue reached 14.16 billion yuan, with the Chinese market achieving 20.85 billion yuan in revenue, a year-on-year increase of 134.6%; the Asia-Pacific market achieving 8.01 billion yuan in revenue, a year-on-year increase of 157.6%; the Americas achieving 6.81 billion yuan in revenue, a year-on-year increase of 748.4%; and Europe and other regions achieving 1.45 billion yuan in revenue, a year-on-year increase of 506.3%. All four major global regions achieved triple-digit growth.

Primark Increases Its Sustainable Cotton Initiative

Haiden Holmes

May 06, 2022 09:39

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Primark, one of Europe's largest fast fashion companies, has committed to training an extra 125,000 smallholder cotton farmers in India, Pakistan, and Bangladesh in more sustainable agricultural practices by the end of 2023.


The group's sustainable cotton program educates farmers on the need of using fewer chemical pesticides and fertilizers and less water, protecting biodiversity and aiding in climate change mitigation. Additionally, the organization claims that it reduces input costs and increases yields and revenues for farmers.


Primark, which is owned by London-listed Associated British Foods (OTC:ASBFY), said on Friday that the pledge would bring the program's total farmer enrollment to over 275,000 by the end of next year.


Primark pledged in September to reduce its environmental impact by increasing the use of recyclable materials, enhancing the durability of garments, and increasing worker salaries.


By 2027, it committed to sourcing 100 percent of the cotton in its clothing from its sustainable cotton program, organic cotton, or recycled cotton. Additionally, it committed to manufacturing all of its goods by 2030 using recycled fibers or more sustainably derived resources.


Primark now makes over 40% of their apparel from recycled fibers or more ecologically produced materials.


Environmental protesters have singled out the fashion sector for its excessive use of water and chemicals, putting pressure on big companies to alter supply chains and address a culture that has resulted in millions of products ending up in waste.


Many environmental protesters are skeptical of brand green commitments, saying they are motivated by a desire for positive public relations and that the business needed a broader cultural shift instead. Primark asserts that its sheer scale enables them to make a difference.


Primark said last month that it will increase certain prices to combat inflationary pressures.