HK/China Healthcare Analyst (ex-Fosun Pharma)

Xinyao (Criss) Wang

Equity Capital Markets

Newtrend Technology / Equity Capital Markets

<ul>
<li>Newtrend’s revenue growth/profit margin showed a downward trend, mainly due to the sluggish export sales, Sucralose Price War and oversupply issue. Newtrend is currently in a period of performance recovery.</li>
<li>As product development is more inclined towards sugar free and healthy directions, the biggest challenge for Newtrend is the changes in customers’ demand/market trend, which will make business outlook uncertain.</li>
<li>Our forecast for 2025 performance is revenue could be RMB683 million, up 20% YoY, and net profit could be RMB54.3 million, up 25% YoY. Valuation would be lower than peers.  </li>
</ul>


Newtrend’s revenue growth/profit margin showed a downward trend, mainly due to the sluggish export sales, Sucralose Price War and oversupply issue. Newtrend is currently in a period of performance recovery.
As product development is more inclined towards sugar free and healthy directions, the biggest challenge for Newtrend is the changes in customers’ demand/market trend, which will make business outlook uncertain.
Our forecast for 2025 performance is revenue could be RMB683 million, up 20% YoY, and net profit could be RMB54.3 million, up 25% YoY. Valuation would be lower than peers.  


Pre-IPO Newtrend Technology - Changes in Market Trends Make the Performance Recovery Uncertain

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Newtrend Technology (NTT HK)

Pre-IPO Newtrend Technology - Changes in Market Trends Make the Performance Recovery Uncertain

Newtrend faces challenges with declining growth due to sluggish export sales and oversupply. The biggest challenge is the changes in customers’...

Xinyao (Criss) Wang

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Pre-IPO Newtrend Technology - Changes in Market Trends Make the Performance Recovery Uncertain

​Newtrend faces challenges with declining growth due to sluggish export sales and oversupply. The biggest challenge is the changes in customers’...

Xinyao (Criss) Wang

Newtrend faces challenges with declining growth due to sluggish export sales and oversupply. The biggest challenge is the changes in customers’...