00551 YUE YUEN IND
- 15.640
- +0.380+2.49%
YUE YUEN IND News
Yuyuan Group (00551.HK): Net profit of 99.965,000 US dollars increased 96.9% year-on-year in the first three months
On May 13, Ge Longhui | Yuyuan Group (00551.HK) announced that for the three months ended March 31, 2024, the Group's revenue was US$2,03.6 billion, down 4.9% from the same period last year. Looking back at this period, the Group's gross profit rose 1.1% to US$503.1 million, of which the gross profit of the manufacturing business rose 20.2% to US$254.1 million, mostly offset by the decline in Baosheng's gross profit. The gross margin of the manufacturing business increased by 3.5 percentage points to 20.3% compared to the same period last year, mainly due to a significant increase in capacity utilization, flexible scheduling of production capacity, and effective cost reduction and efficiency
Changes in Hong Kong stocks | Yuyuan Group (00551) rose more than 4% and nearly doubled since the beginning of March, net profit increased 96.9% year-on-year in the first three months
Yuyuan Group (00551) has risen more than 4%, and its stock price has nearly doubled since the beginning of March. As of press release, it rose 4.33% to HK$15.92, with a turnover of HK$59.1564 million.
Yue Yuen Industrial's Q1 Profit Rises Despite Fall in Revenue; Shares Rise 3%
Yue Yuen Industrial's (HKG:0551) attributable profit rose to $100 million in the first quarter from $50.8 million in the year-ago period, according to a Monday filing with the Hong Kong Stock Exchange
Featured announcements | Tencent Music's adjusted net profit increased by 23.9%; King's Rui: Legendary Biotech's net loss narrowed
China Life Insurance: The cumulative original premium income for the first 4 months was about 371.2 billion yuan, an increase of 3.9% over the previous year; China Resources Land: The cumulative contract sales amount for the first 4 months was approximately RMB 72.0 billion.
YUE YUEN IND: UNAUDITED CONSOLIDATED RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2024
Featured announcements | Shunyu Optics' automotive lens shipments in April increased 15% year on year; sales of Yuexiu Real Estate fell nearly 50% year on year
Longyuan Electric Power: A total of 278.12,300 megawatt-hours of power generation was completed in the first 4 months, an increase of 2.59%; CGN New Energy completed a cumulative total of 6544.3 gigawatt-hours in the first 4 months, a decrease of 3.6% over the previous year.
Yue Yuen Industrial's April Operating Revenue Down 5%
Yue Yuen Industrial (Holdings) (HKG:0551) recorded an operating revenue of $650.2 million in April, down 5% from the-year ago period, a Friday filing on the Hong Kong bourse said. The footwear maker's
Yuyuan Group (00551.HK): Net consolidated operating income of US$650 million in April
On May 10, Ge Longhui | Yuyuan Group (00551.HK) announced that in April 2024, the company's net consolidated operating income for this month (that is, equivalent to total sales reduced sales discounts and sales returns) was 650 million US dollars, a decrease of 5% over the previous year. The company's consolidated cumulative net operating income for the four months ended April 30, 2024 was US$2,652 million, a decrease of 5% over the previous year.
Direct impact of changes | Special Step International rose more than 7%, leading sporting goods stocks, the sports industry may welcome favorable policies
On May 9, the $Sporting Goods (BK1185.) $concept sector collectively picked up. As of press release, $TEP International (01368.HK) $ rose 7.77% to HK$5.41; $Li Ning (02331.HK) $ rose 4.07% to HK$21.75; and $Yuyuan Group (00551.HK) $ rose 3.50% to HK$14.80. Market source: According to news from Futubull Niu Niu, on May 8, Gao Zhidan, party group secretary and director of the State Administration of Sports, issued an article stating that he will work with relevant departments to develop policy documents to promote the transformation and upgrading of sporting goods and equipment, and continue to fight
Bank Rating | J.P. Morgan Chase: Raising the target price of Yuyuan to HK$15 and raising the profit forecast for 2024 to 26
Glonghui, May 6 | According to a research report published by J.P. Morgan Chase, Yu Yuan's good cash dividend ratio support and improved gross margin of the manufacturing business have driven its steady rerating. However, the sustainability of profit margin trends after production has resumed and the prospects for the retail business are still the focus of attention. The bank's revenue forecast for 2024 to 2026 remains essentially unchanged, raising the gross margin forecast for this year and next by 0.1 to 0.2 percentage points and decreasing the gross margin forecast for 2026 by 0.1 percentage points. Also taking into account the results for the second half of 2023 and the company's prudent operating cost control over manufacturing and retail operations
YUE YUEN INDL HLDG To Go Ex-Dividend On May 31st, 2024 With 0.44772 USD Dividend Per Share
May 4th - $YUE YUEN INDL HLDG(YUEIY.US)$ is trading ex-dividend on May 31st, 2024. Shareholders of record on May 31st, 2024 will receive 0.44772 USD dividend per share on July 8th, 2024. The ex-di
Net profit increased by 100% in Q1. Is there “mixed feelings” behind the low base effect of Yuyuan Group (00551)?
Since March, a sneaker foundry giant has quietly shown impressive gains. In less than 2 months, Yuyuan Group (00551) has risen from around HK$8 to over HK$14, an increase of nearly 200%, which has attracted a lot of attention from market capital. According to the news, Yuyuan Group recently announced that profit attributable to company owners will increase by about 95% to 100% year-on-year in the first quarter of 2024, compared to 50.8 million US dollars for the same period last year. The company pointed out that the increase in performance was mainly due to the gradual recovery of the global footwear industry and the normalization of orders, which led to an increase in capacity utilization and production efficiency, as well as a decrease
Read the list of Hong Kong stocks in April | The list of Hong Kong stocks for April has been released! Shangtang rose by nearly 70%, and TCL Electronics recorded 13 consecutive rises
A number of auto stocks showed strong performance. Brilliance China and Great Wall Motor recorded increases of 64.1% and 33.33% respectively during the month. It is worth noting that the former's stock price has doubled and surged since this year.
This week's bullish stocks in Hong Kong | AI models are in the spotlight! Shangtang's stock price doubled this week; Kewang stocks took the lead, and Kuaishou rose more than 27% weekly
The volume of the three major indices surged this week, and the “beef flavor” is getting stronger. The Hang Seng Index rose more than 13% during the week, while the Hang Seng Index and the State-owned Enterprises Index both rose for five consecutive days.
Citibank: Reiterates Yue Yuan Group's (00551) “Buy” Rating Target Price Raised to HK$16.5
The Zhitong Finance App learned that Citi released a research report stating that it reaffirmed the “buy” rating of Yuyuan Group (00551), raised the net profit forecast for the 2024-2026 fiscal year by 20% to 22%, and raised the target price from HK$12.5 to HK$16.5 because the gross margin of the manufacturing business beat expectations. Taking into account the proceeds of a single sale, the Group's net profit for the first quarter is expected to rise 95% to 100% year-on-year under a low base. The bank believes it won expectations. The bank pointed out that Yuyuan Group's retail business is still under pressure. The retail business is expected to generate revenue this year under the downturn in consumption and weak purchasing power in the real estate market
Changes in Hong Kong stocks | Yuyuan Group (00551) opened more than 9% higher after profit, and net profit for the first quarter is expected to increase by more than 95% year-on-year
The Zhitong Finance App learned that Yuyuan Group (00551) opened more than 9% after profit. As of press release, it had risen 9.05% to HK$13.5, with a turnover of HK$5.197,500. According to the news, Yuyuan Group announced that profit attributable to company owners for the three months ending March 31, 2024 is expected to increase by about 95% to 100% year-on-year. Profit for the same period last year was $50.8 million. It has mainly benefited from the gradual recovery of the global footwear industry and the normalization of orders, which have led to improvements in capacity utilization and production efficiency, as well as support from the low base period effect. In addition, a portion of an associated company was sold during the period
Featured announcements | CNOOC's net profit for the first quarter was nearly 40 billion yuan; China Aluminum's net profit for the first quarter increased 23.01% year-on-year
ZTE's net profit for the first quarter increased by 3.74% year on year; Times Electric's net profit for the first quarter increased by 30.44% year on year.
Yuyuan Group: Earnings in the first quarter are expected to increase by more than 95%
Glonghui, April 25 | Yuyuan Group (0551.HK) announced that profit attributable to shareholders for the first quarter ending the end of March is expected to increase by about 95% to 1 times year-on-year; profit for the same period last year was US$508.44 million. According to the company, the expected increase in profits is mainly due to the gradual recovery of the global footwear industry and the normalization of orders, leading to improvements in capacity utilization and production efficiency, as well as support from the low base period effect. In addition, the sale of part of an equity interest in an associated company during the period generated a one-time income of about US$12.6 million, which also contributed positively to profit.
Yuyuan Group (00551) Fa Yingxi expects profit attributable to shareholders to increase by about 95% to 100% year-on-year in the first quarter
Yuyuan Group (00551) announced that the Group expects profit attributable to company owners for the three months ending March 31, 2024 to increase by about 95% to 100% compared to the profit of $50.8 million for the same period in 2023.
裕元集團：內幕消息正面盈利預告
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