Action | 28 Jul 2026 02:52:24 ET │ 10 pages Zhejiang Supor (002032.SZ) Adding Downside 30-Day Short-Term View | Category: Sustained A&P intensity weighing on 3Q26E margins | | --- | | We expect A&P intensity to stay elevated in 3Q26 and remain the key drag | | on Supor's margins. Amid soft small appliance demand in China, we | | expect Supor to sustain brand, promotional and new-product spend to | | defend domestic share and support sell-through, keeping the selling | | expense ratio pressured YoY, rather t ...