Tianwei Foods (603317): Continued improvement in profitability, sufficient momentum for food extract growth
Announcing the 2023 Annual Report and the 2024 First Quarter Report, achieving revenue of $3.149 billion in 2023, an increase of 17.02% over the previous year, and realized net profit of 457 million yuan, an increase of 33.65 million yuan over the previous year
Tianwei Food (603317): The combination of food extracts accelerates the growth of Chinese cuisine, reduces costs, increases return on investment, and increases profits
The incident described Tianwei Foods in 2024Q1 to achieve total operating revenue of 853 million yuan (+11.34%), net profit to mother of 176 million yuan (+37.2% year over year), after deducting non-net profit of 147 million yuan (year-on-year +
Pinning Down Sichuan Teway Food Group Co.,Ltd's (SHSE:603317) P/E Is Difficult Right Now
It's not a stretch to say that Sichuan Teway Food Group Co.,Ltd's (SHSE:603317) price-to-earnings (or "P/E") ratio of 29.9x right now seems quite "middle-of-the-road" compared to the market in China,
Tianwei Foods (603317): Structural Upgrade+Cost Dividend 2024Q1 Net Interest Rate Slightly Exceeded Expectations
Incident: The company released its report for the first quarter of 2024. 2024Q1 achieved revenue of 853 million yuan, an increase of 11.34% over the previous year; net profit to mother was 176 million yuan, an increase of 37.20% over the previous year; deducted from non-return
Tianwei Foods (603317.SH): Accumulated repurchases of 2 million shares
Gelonghui, May 7, 丨 Tianwei Foods (603317.SH) announced that as of April 30, 2024, the total number of shares repurchased by the company through centralized bidding transactions was 2,000,827 shares, accounting for 0.1878% of the company's total share capital. The highest transaction price was 13 yuan/share, the lowest transaction price was 11.17 yuan/share, and the total payment amount was RMB 25,576,386.78 (not including transaction fees).
Tianwei Foods (603317): Continued increase in gross margin, impressive profit side performance
Incidents. The company released its 2024 quarterly report: 24Q1 achieved total operating revenue of 853 million yuan, +11.3% year-on-year, and net profit to mother of 176 million yuan, +37.2% year-on-year. Online channels have performed well,
Tianwei Foods (603317): Profitability continues to increase
The company released its 2024 quarterly report Q1: revenue of 853 million yuan (+11.34%), net of 176 million yuan (+37.2%), deducted not 147 million (+23.47%). Revenue was slightly lower than market expectations, and profit exceeded
Huafu Securities released a research report on April 28 stating that Tianwei Foods (603317.SH) was given a purchase rating and the target price was 16.21 yuan. The main reasons for the rating include: 1) The high increase in winter cuisine is driving scal
Huafu Securities released a research report on April 28 stating that Tianwei Foods (603317.SH) was given a purchase rating and the target price was 16.21 yuan. The main reasons for the rating include: 1) The high increase in winter cuisine is driving scale expansion, and the online channel has performed well. Looking at products; 2) gross profit improved dramatically, and profit elasticity exceeded expectations; 3) 2024 results had a good start, and we look forward to the subsequent peak season compounding new product performance. (Mainichi Keizai Shimbun)
Tianwei Foods (603317): A successful start in '24 is expected to continue to thrive
Key investment results: 24Q1 revenue of 853 million yuan (+11.3% year over year); net profit to mother of 176 million yuan (+37.2% year over year); net profit after deduction of non-return mother of 147 million yuan (+23.5% year over year).
Tianwei Foods (603317): The base material is under slight pressure, and the profit performance is impressive
Incident: The company achieved revenue of 853 million yuan in 2024Q1, +11.34% year on year; net profit to mother was 176 million yuan, +37.20% year over year; net profit after deducting non-return to mother was 147 million yuan, +23.47 million yuan year on year
Tianwei Foods (603317): The online layout effect is remarkable, and the core categories drive steady growth in performance
Incident: The company released its 2024 quarterly report. In 24Q1, it achieved operating income of 853 million yuan, an increase of 11.34% over the previous year, and realized net profit of 176 million yuan, an increase of 37.20% over the previous year, and achieved net deduction of not returned to mother
Guojin Securities released a research report on April 26 stating that it gave Tianwei Foods (603317.SH) a purchase rating. The main reasons for the rating include: 1) the hot pot base is still under pressure, and the performance of small B food extract is
Guojin Securities released a research report on April 26 stating that it gave Tianwei Foods (603317.SH) a purchase rating. The main reasons for the rating include: 1) the hot pot base is still under pressure, and the performance of small B food extract is good; 2) cost reduction+product structure optimization+investment return increase, and Q1 net interest rate is greatly improved; 3) product matrix optimization, omnichannel layout promotion, and optimism that the company will achieve its performance goals. (Mainichi Keizai Shimbun)
Tianwei Foods (603317): Profit-side performance is outstanding, Chinese polymodulation continues to expand
Incident: On April 25, 2024, Tianwei Foods released its performance report for the first quarter of 2024. Key investment points The declining cost is beneficial to profit, and the investment structure continues to optimize the company's total revenue in 2024Q1 of 853 million yuan (same increase of 1
Tianwei Foods (603317): Revenue continues to be steady and profitability continues to increase
Incident: Tianwei Foods announced its 2024 quarterly report. In 24Q1, it achieved operating income of 853 million yuan, +11.34% year over year; net profit to mother was 176 million yuan, +37.20% year over year; net profit after deducting non-return to mother 1.
Tianwei Foods (603317): Performance exceeded expectations and achieved a good start, and steady growth and growth can be expected in 24 years
Incident: The company released its 2024 quarterly report. During the reporting period, the company achieved revenue of 853 million yuan, +11.34% year over year; net profit to mother was 176 million yuan, +37.2% year over year; net profit after deducting non-return to mother was 147 million yuan
Tianwei Foods (603317.SH): Net profit of 176 million yuan in the first quarter increased 37.2% year-on-year
On April 25, Ge Longhui Food (603317.SH) released its first quarter report. Operating revenue was 853 million yuan, up 11.34% year on year, net profit of 176 million yuan, up 37.2% year on year, after deducting non-net profit of 147 million yuan, up 23.47% year on year, with basic earnings per share of 0.1672 yuan.
Tianwei Foods (603317) Quarterly Report Review: Performance Meets Expectations Driven Growth in Food Extract Release
Guide to this report: 2024Q1's performance is in line with expectations, and the outlook is medium to long term. Driven by improved management efficiency, product/channel two-wheel drive is expected to help the company achieve excess profits. Investment Essentials: Maintaining an “Overweight” rating. Maintaining the company 202
Tianwei Foods (603317): Little B continues to work hard to improve product structure
Performance Overview On April 25, the company released its quarterly report. In 24Q1, it achieved revenue of 853 million yuan, +11.34% year over year; realized net profit of 176 million yuan, +37.20% year on year; deducted 1.4 percent of non-net profit
Tianwei Foods (603317): Steady operation and improved profitability
Core idea: Endogenous steady growth, accelerated expansion of food extracts. Tianwei Foods released its report for the first quarter of 2024, announcing 24Q1 revenue of 853 million yuan, +11.34% year over year; net profit to mother was 176 million yuan, +3 year on year
League of Nations Securities: Optimistic about the prospects for flavored fermented products, rebalance industry concentration, and there is still room for improvement
Guolian Securities released a research report stating that due to the rigidity of demand and the expectation of a recovery in catering and consumption power to improve industry demand, the bank is optimistic about the prospects of the fermented and flavored products industry and gave it a “stronger than the market” rating.
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