LEVER STYLE: This year, focus on merger and acquisition opportunities

LEVER STYLE (01346.HK) acquired sportswear company AAG last year. Executive Chairman Si Tu Zhi Ren stated that this year more focus will be placed on mergers and acquisitions. Due to the challenging economic environment, he believes there are opportunities for "buying at a low price" and is looking at markets in South America and North Africa.

LEVER STYLE's total revenue decreased by 10.2% year-on-year last year. Wiliam Tan, Executive Director and CEO of LEVER STYLE, stated that the decline in revenue during the period was mainly due to the company's conservative financial approach. Last year, due to concerns about potential financial issues with one or two major clients, the company proactively reduced orders from these clients. After acquiring AAG, he is confident that revenue will return to year-on-year growth this year. Meanwhile, the company's gross profit margin remains at 28.5%, with no bad debts, and the net profit margin has reached a record high of 7.9%