Yunnan Baiyao (000538): Rapid profit growth and improved operating capacity
Investment Essentials: Maintaining an “Overweight” rating. The company released its 2024 quarterly report, and the results were in line with expectations. Maintain the 2024-2026 EPS forecast of 2.52/2.74/2.86 yuan, refer to the industry average, and give
Express News | Yunnan Baiyao: Net profit of 1.7 billion yuan in the first quarter.
Express News | Yunnan Baiyao: Net profit of 1.702 billion yuan in the first quarter, up 12.12% year on year
Express News | Fangzheng Securities: Branded OTC products+brand+channels have an obvious leading effect
Express News | Twelve individual stocks received net purchases of more than 100 million yuan from Northbound Capital yesterday, and Kweichow Moutai made a net purchase of 420 million yuan
Express News | Inventory of northbound capital trends: 28 shares reduced holdings by more than 100 million yuan
Yunnan Baiyao (000538): Four major business guarantees high dividends to promote the layout of emerging businesses
Incident: The company released its 2023 annual report. In 2023, it achieved total operating revenue of 39.11 billion yuan, an increase of 7.2% over the previous year; net profit to mother of 4.09 billion yuan, an increase of 36.4% over the previous year; net profit after deducting non-return to mother of 3.76 billion yuan
Express News | “The main battleground for new quality productivity” theme week opens on April 18, Shenzhen companies talk freely about moving towards “new”
Yunnan Baiyao (000538): Performance is in line with expectations and continues to improve quality and efficiency
Key investment events: Yunnan Baiyao released its 2023 annual report. During the reporting period, it achieved revenue of 39.111 billion yuan (+7.19%) and net profit to mother of 4,094 billion yuan (+36.41% year over year), after deducting net income from mother
Yunnan Baiyao (000538): Performance is in line with expectations, actively explores and incubates emerging divisions
The 2023 results are in line with our expectations. The company announced the 2023 results: revenue of 39.111 billion yuan (YoY +7.19%); net profit to mother of 4,094 billion yuan (YoY +36.41%), net of net income not attributable to mother
Express News | Guotai Junan: Yunnan Baiyao's 23-year performance is in line with expectations and maintains an “increase” rating
Yunnan Baiyao (000538): Focus on steady revenue growth and gradual clearance of profit disturbances in the main business
Guide to this report: The company released its 2023 annual report. The performance is in line with expectations. The core variety of Baiyao drugs and health products continued to grow at a high rate. 23Q4 profit disturbances were obvious, but overall disturbances were significantly reduced, and the dividend ratio continued to be high, highlighting the future
Yunnan Baiyao (000538): Steady revenue growth in 2023, new business performance remains to be seen
We forecast 2023A-26E revenue/net profit CAGR of 6%/9%. Core products maintained rapid growth in 2023, and net interest rates on health products were under pressure. Maintain the holding rating and lower the DCF target price to 5
Research Report: CITIC Construction Investment: Yunnan Baiyao's 23-year performance is in line with expectations, and the secondary market securities investment has been disposed of
Gelonghui, April 2 | CITIC Construction Investment Securities Research Report indicates that overall, Yunnan Baiyao (000538.SZ) secondary market securities investment has been disposed of. The focus for the whole year is on improving quality and efficiency in the main business. The 23-year results are in line with our previous expectations. Looking forward to 24 years, as the company's main business focuses on improving quality and efficiency while making every effort to expand incremental development space, focusing on cultivating emerging business units and creating new performance growth points, we are optimistic about the company's ability to continue to grow in the future. Maintain a “buy” rating.
Yunnan Baiyao (000538): Focus on improving quality and efficiency in the main business and continuing to increase the level of dividends
Core idea In 2023, the company achieved operating income of 39.111 billion yuan, an increase of 7.19% over the previous year, of which industrial revenue growth rate was 7.58%, driving the company's overall revenue growth; achieving net profit of 4,094 billion yuan
Yunnan Baiyao (000538) 2023 Annual Report Review: Focus on the “Growth” and “Efficiency” Collaborative Promotion of the Main Business
Incident: Yunnan Baiyao released its 2023 annual report. During the reporting period, the company achieved revenue of 39.111 billion yuan (+7.19%) and net profit of 4,094 billion yuan (YoY +36.41%); net profit not attributable to mother
Yunnan Baiyao Group's Profit Rises 30% as Operating Income Increases
Yunnan Baiyao Group's (SHE:000538) attributable profit rose 30.47% to 4.09 billion yuan in 2023 from 3 billion yuan in 2022, according to a Monday filing with the Shenzhen bourse. Earnings per share a
Yunnan Baiyao (000538) 2023 Annual Report Review: Steady development of the four major business groups to comprehensively optimize organizational structure and operational quality and efficiency
Incident: The company released its 2023 annual report, achieving operating income, net profit attributable to mother, and net profit excluding non-return to mother of 391.11/40.94/37.64 billion yuan, respectively, +7.19%/36.41% /16
Yunnan Baiyao (000538): Performance continues to improve, brand advantage helps steady development
The performance is in line with expectations and is expected to continue the steady growth trend. In 2023, the company achieved operating income of 39.11 billion yuan, +7.2% year-on-year, and maintained steady growth; net profit to mother was 4.09 billion yuan, +36.4% year-on-year, mainly
Yunnan Baiyao (000538): Four major business groups develop high-quality assets with high dividends in a balanced manner
Event: On March 29, 2024, the company released its 2023 annual report. In 2023, the company achieved operating income of 39.111 billion yuan, an increase of 7.19% over the previous year, and achieved a net profit of 4,094 billion yuan
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