Goodbaby International Holdings Limited (01086.HK) saw its stock price soar by 7.79% in the pre-market session, following the release of its impressive 2024 annual results. The company, a leading global parenting products manufacturer, reported significant growth across key financial metrics, demonstrating its resilience and strong market position amid evolving macro dynamics.

The Group's revenue grew by a robust 10.6% to reach HK$8,765.9 million, with accelerated business momentum in the second half of the year. Notably, Goodbaby International achieved a record gross margin of 51.4%, reflecting its successful efforts in enhancing brand premium, product competitiveness, and operational efficiency. The company's operating profit surged by 35.7% to approximately HK$500.0 million, with the operating profit margin reaching 5.7%.

Investors were particularly encouraged by the stellar performance of the Group's strategic brand CYBEX, which recorded an all-time high revenue growth of 20.8% to HK$4,467.3 million. The Evenflo brand also contributed positively with a 4.6% revenue increase. The company's brand-driven strategy, supported by world-class technology, manufacturing excellence, and innovation, appears to be paying off, positioning Goodbaby International for sustained profitable growth in the global parenting products market. The positive outlook and continued strategic investments in brand building and omni-channel distribution have likely fueled investor confidence, leading to the significant stock price surge.