Equity Analyst

Xin Yu, CFA

An equity research analyst with over 5 years of experience in multiple sectors. Previously worked for a global asset manager, covering China equities in multiple markets including A-shares/H-shares/ADRs and multiple sectors including TMT, industrial, consumer, etc. I conduct fundamental research to invest in high quality companies at an attractive valuation.

Equity Bottom-Up

<ul>
<li>4Q22 retail sales was negatively affected by the covid restrictions</li>
<li>Sales growth is expected to recover in 1Q23 with China's nationwide loosening policy.</li>
<li>Long term growth is intact with continued upgrades of brands, products and channels</li>
</ul>


4Q22 retail sales was negatively affected by the covid restrictions
Sales growth is expected to recover in 1Q23 with China's nationwide loosening policy.
Long term growth is intact with continued upgrades of brands, products and channels


Xtep International

Long-Term Growth Intact: Xtep