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Guangzhou Restaurant (603043) 2024 Quarterly Report Review: Catering Business Continues to Grow, Cost Optimization Results Remain Remarkable
The incident described that the company released its financial report for the first quarter of 2024. During the period, it achieved revenue of 1,012 million yuan/ +10.04%, net profit to mother of 171 million yuan/ +2.22%, after deducting net profit of 67 million yuan/+1
On April 28, Shanxi Securities released a research report stating that Guangzhou Restaurant (603043.SH) was given an increase in its holdings rating. The main reasons for the rating include: 1) the catering business continued to grow; 2) overseas business
On April 28, Shanxi Securities released a research report stating that Guangzhou Restaurant (603043.SH) was given an increase in its holdings rating. The main reasons for the rating include: 1) the catering business continued to grow; 2) overseas business resumed and revenue scale expanded in an orderly manner outside the province; 3) the company's gross profit margin was 29.81% /-2.58pct, and the net profit margin was 7.96% /-0.61 pct during the period. (Mainichi Keizai Shimbun)
Huafu Securities released a research report on April 28 stating that it gave Guangzhou Restaurant (603043.SH) a purchase rating, and the target price was 23.14 yuan. The main reasons for the rating include: 1) the catering business is recovering well; nor
Huafu Securities released a research report on April 28 stating that it gave Guangzhou Restaurant (603043.SH) a purchase rating, and the target price was 23.14 yuan. The main reasons for the rating include: 1) the catering business is recovering well; normal fluctuations in the off-season mooncake business do not change the long-term growth logic; 2) diversified sales channels go hand in hand, and expansion outside the province boosts market expansion. (Mainichi Keizai Shimbun)
Guangzhou Restaurant (603043): Performance is in line with expectations, focus on mooncake and quick-frozen restoration
Guide to this report: 24Q1 results were in line with expectations. Revenue growth was driven by growth in other businesses such as cured meats, prepared dishes, and catering. The decline in the structural share of mooncakes led to a slightly lower profit growth rate than revenue growth. Key investment points: Investment recommendations take into account meals
Guangzhou Restaurant (603043) Comment: The growth potential of the catering business continues, and the layout outside the province continues to advance
Investment highlights: The company announced its 2024 quarterly report, and the results were in line with expectations. According to the company's announcement, the 24Q1 company achieved revenue of 1,012 billion yuan, an increase of 10.04% over the previous year, and an increase of 90.09% over 2019.
Guolian Securities released a research report on April 26 stating that it gave Guangzhou Restaurant (603043.SH) a buying rating. The main reasons for the rating include: 1) the catering business and other food categories continued to grow, and frozen was
Guolian Securities released a research report on April 26 stating that it gave Guangzhou Restaurant (603043.SH) a buying rating. The main reasons for the rating include: 1) the catering business and other food categories continued to grow, and frozen was slightly fatigued; 2) gross profit margin and net interest rate declined slightly, and the cost level was steadily declining. (Mainichi Keizai Shimbun)
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