601339 Bros Eastern Co.,Ltd
- 5.75
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Bros Eastern Co.,Ltd News
Blum Oriental (601339.SH): Net profit of RMB 8032.69 million for the first quarter decreased by 4.51% year-on-year
Glonghui, April 29丨Blum Oriental (601339.SH) released its first quarter report. Operating revenue was 1,834 billion yuan, up 23.45% year on year, net profit of 80,3269 million yuan, down 4.51% year on year, after deducting non-net loss of 7.495,800 yuan, and basic earnings per share of 0.05 yuan.
Blum Oriental (601339.SH): Profitability increased significantly month-on-month, optimistic about an inflection point in 24-year performance
Core view: The company announces its 2024 quarterly report. According to the company's financial report, the company's revenue for 2024Q1 was 1,834 billion yuan, up 23.45% year on year, and net profit to mother was 80 million yuan, down 4.51% year on year.
Blum Oriental (601339): Inventory continues to improve and we expect profitability to recover in Q2
The 2024Q1 company's revenue/net profit attributable to mothers/net profit deducted from non-mother and operating cash flow were 18.34/0.80/ -0.07/280 million yuan, respectively, up 23.45%/-4.51%/-109.
Bros Eastern.Ltd's (SHSE:601339) Problems Go Beyond Weak Profit
Bros Eastern.,Ltd's (SHSE:601339) recent weak earnings report didn't cause a big stock movement. However, we believe that investors should be aware of some underlying factors which may be of concern.
Blum Oriental (601339): Maintaining high dividends for 23 years, optimistic about an inflection point in 24-year performance
Core idea: The company announces its 2023 annual report. The company's revenue in 2023 was 6.914 billion yuan, down 1.08% year on year, and net profit to mother was 504 million yuan, down 67.75% year on year. The company plans to distribute every 10 shares
Bros Eastern.,Ltd Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
As you might know, Bros Eastern.,Ltd (SHSE:601339) recently reported its yearly numbers. It was not a great result overall. Although revenues beat expectations, hitting CN¥6.9b, statutory earnin
Pacific released a research report on April 18 stating that it gave Blum Oriental (601339.SH) a buying rating. The main reasons for the rating include: 1) domestic/overseas revenue was -0.5%/+1.3% year-on-year, and colored spinning yarn/blended yarn reven
Pacific released a research report on April 18 stating that it gave Blum Oriental (601339.SH) a buying rating. The main reasons for the rating include: 1) domestic/overseas revenue was -0.5%/+1.3% year-on-year, and colored spinning yarn/blended yarn revenue was -13.5%/+19.4%, respectively; 2) using price in exchange for volume put pressure on gross margin, and falling inventory prices offset some of the decline in performance. (Mainichi Keizai Shimbun)
Blum Oriental (601339): 23H2 uses price in exchange for volume to drive revenue growth. Looking forward to 24 young players entering the game and releasing flexible performance
Incident: The company recently released its 2023 annual report. 2023 revenue of 6.91 billion yuan/-1.08% YoY, net profit attributable to mother 504 million yuan/-67.8% YoY, net profit not attributable to mother 21 million yuan/
Blum Oriental (601339) 2023 Annual Report Review: 23-year performance declined due to weak demand, and 24-year profitability is expected to gradually recover
Revenue and net profit to mother fell 1% year on year and 68% year on year. Blum Oriental released its 2023 annual report. The company achieved operating income of 6.914 billion yuan in 2023, a year-on-year decrease of 1.08%, and net profit of 5.04 billion yuan to mother
Blum Oriental (601339): 89% cash dividend ratio in 2023, looking forward to profit recovery in 2024
Incident: The company's revenue for the full year of 2023 fell 1.08% year on year to 6.914 billion yuan, net profit to mother fell 67.75% year on year to 504 million yuan; single Q4 revenue increased 44.38% year on year to 18 million yuan
Blum Oriental (601339): Sales have clearly recovered, unit prices and profits are under pressure, maintaining high dividend attributes
Investment Highlights The company released its 2023 annual report: in 2023, it achieved operating income of 6.91 billion yuan (-1.1% YoY), net profit to mother of 504 million yuan (-68% YoY), net profit not returned to mother of -0.21
Blum Oriental (601339): Cash dividend rate of 89% in '23, reversal of the difficult situation starting in '24
Investment highlights: The company released its 23rd annual report: ① Revenue of 6.91 billion yuan (YoY -1.1%) and net profit to mother of 5.0 billion yuan (-67.7% YoY), which is within the previous performance forecast range (42-50 million yuan)
Blum Oriental (601339): Brand inventory removal affects order profit pressure in 2023
Revenue decreased by 1% in 2023, but unit prices and gross margin declined significantly, and the dividend rate was 89%. The company is the second leading producer of color spinning in the world. In 2023, the company's revenue decreased by 1% to 6.91 billion yuan, and the company actively developed
Blum Oriental (601339): Inventory improvement is expected to reach an inflection point in 24Q2
[Overview of case BL _ su mmary] The company's revenue in 2023, net profit attributable to mother, net profit after deduction from non-mother, and net operating cash flow were 69.14/5.04/-0.21/809 million yuan, respectively, the same
Blum Oriental (601339.SH) announced its 2023 annual results, with net profit of 504 million yuan, a decrease of 67.75%
Blum Oriental (601339.SH) released its 2023 annual report. During the reporting period, the company achieved operating income of 6...
Blum Oriental (601339.SH): Yang Yong resigns as general manager and other positions
Zhitong Finance App News, Blum Oriental (601339.SH) announced that the company recently received the “Resignation Report” from Yang Yong, the company's current director and general manager. Due to personal reasons, Yang Yong applied to resign as a director of the company's board of directors, a member of the board's strategic decision-making committee, and general manager. Yang Yong's application for resignation took effect on the day it was delivered to the company's board of directors. Yang Yong will continue to work for the company after his resignation. Subsequently, Yang Weixin, the chairman of the company, will act as general manager until the board of directors of the company appoints a new general manager.
Bros Eastern.,Ltd (SHSE:601339) Surges 28% Yet Its Low P/E Is No Reason For Excitement
Bros Eastern.,Ltd (SHSE:601339) shareholders would be excited to see that the share price has had a great month, posting a 28% gain and recovering from prior weakness. Not all shareholders will be
Bros Eastern.,Ltd's (SHSE:601339) Market Cap up CN¥506m Last Week, Benefiting Both Private Companies Who Own 44% as Well as Insiders
Key Insights Bros Eastern.Ltd's significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public 61% of the business is held by the top 3
Bros Eastern.Ltd (SHSE:601339) Is Making Moderate Use Of Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when
Blum Oriental (601339): Top spinning leaders with high dividend rates are optimistic about the inflection point of 24-year performance
The company is a leader in the global color spinning industry. The company is mainly engaged in color spinning and supporting the production of some blanks. According to the company's financial report, the company's yarn production reached 191,100 tons in 2022. According to data from the Cotton Spinning Industry Association, domestic color spinning in 2022
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