This story is part of Forbes’ policy of Asia’s Best Under A Billion 2022, which highlights two hundred state-owned enterprises in Asia Pacific with less than a billion dollars in sales and a stable expansion in profits and profits. See the full list, searched for alphabetically below, here.
As Covid-19 restrictions ease in Asia-Pacific and others adjust to the new normal, this year’s annual Best Under A Billion list highlights the shift toward discretionary spending. Everyday life after the pandemic has benefited apparel manufacturers, mall operators, restaurants, entertainment companies, and customer electronics, among others. he has made Best Under A Billion for nine consecutive years.
We highlight 8 that captured the momentum of economic reopenings after the pandemic.
Electric Bafang
The popularity of electric motorcycles accelerated the pandemic, as other people turned to cycling as a means of recreational transportation and choice. Following the trend, sales of Suzhou-based battery and electric motor maker Bafang Electric rose 90% last year, while net profit rose 50%. It recently opened a new production plant in Poland to serve the European market.
Dollar Industries
After a Covid 19-induced industry recovery and disruptions at sources, Indian apparel manufacturer Dollar Industries recorded a 30% sales increase for the year ending in March, with a 72% increase. In addition to expanding its women’s apparel line, the company recently added a mill and warehouse.
Gift Credits
The ramen restaurant corporation saw its sales jump 22 to $124 million as pandemic restrictions were lifted in Japan, bringing consumers back to their tables. 2020.
international balloon
The Australian apparel, footwear and skateboard maker saw sales rise 75% to $199 million, with its top 3 markets, Australia, North America and Europe, driving a throwback in the company’s history. It sells in more than a hundred countries around the world.
JYP Entertainment
The easing of Covid-19 restrictions has helped boost sales of the South Korean entertainment company’s concerts and offline events. As a result, sales increased by as much as 34% and net profit more than doubled in 2021. The company’s main artists come with the K-pop boy organization 2PM and the girls organization Twice.
Sape
Thai beverage company Sappe increased sales by 12% last year to $108 million as its export markets recovered from the pandemic. Sappe exports to 98 countries around the world. The company has also begun exploring hemp and hashish to expand its portfolio.
Sido Muncul
Last year, the Indonesian maker of medicinal plants and supplements saw its sales rise 21% to $281 million. The company said a trend toward fitness and wellness during the pandemic helped increase demand for its food and beverages.
the hourglass
Sales at the Singapore-based luxury watch store rose nearly 40% last year and net profit jumped 86%, as local shoppers looked for tactics to spend their money. The Hour Glass, which sells brands such as Rolex, Patek Philippe and Audemars Piguet, has 50 outlets in Asia-Pacific.
With reports from Jonathan Burgos, Ralph Jennings, John Kang, Ramakrishnan Narayanan, Phisanu Phromchanya, Yessar Rosendar, James Simms, Yue Wang and Jennifer Wells.
METHODOLOGY
This list is intended to identify corporations with long-term sustainable functionality through a variety of measures. From a universe of 20,000 publicly traded corporations in the Asia-Pacific region with annual sales greater than $10 million and less than $1 billion, those two hundred corporations were chosen. The companies on this list, which is not ranked, were chosen based on a composite score that incorporates their overall track record on metrics like debt, sales and earnings consistent with consistent percentage growth over the past several years. maximum recent tax consistent with periods of one and 3 years. Matrix and average maximum productive yields of one and five years on equity. In addition to quantitative criteria, qualitative filters were also used, such as corporations with serious governance problems, questionable accounting, environmental concerns, control problems, or legal problems. State-controlled corporations and subsidiaries of giant companies were also excluded. The criteria also guaranteed the geographical diversity of the businesses throughout the region. The list uses annual results for the full year, based on the most recent publicly available figures as of July 11, 2022.