603899 Shanghai M&G Stationery Inc.
- 39.86
- +0.36+0.91%
Shanghai M&G Stationery Inc. News
Chenguang Co., Ltd. (603899): Traditional retail continues to recover, focus on collaborative strategies to improve business quality
Incident description: In 2024Q1, the company achieved revenue/net profit/net profit deducted from non-net profit of $54.85/3.80/328 million yuan, an increase of 12%/14%/11%, gross margin/net interest to mother/ net interest deducted year-on-year +
Chenguang Co., Ltd. (603899): Business focus optimization and profit improvement in major stores
The company released the 2024 quarterly report of 24Q1 revenue of 5.49 billion, +12.4% year-on-year, net profit of 380 million yuan, +13.9% year-on-year, after deducting non-return net profit of 330 million yuan, +11.1% year-on-year; revenue
Chenguang Co., Ltd. (603899): Traditional core business continues to expand steadily online and offline
Incident: The company released its 2024 quarterly report. 2024Q1 achieved revenue of 5.485 billion yuan, +12% year-on-year, net profit to mother of 380 million yuan, +14% year-on-year, and net profit of 328 million yuan after deducting net profit of non-return to mother
Chenguang Co., Ltd. (603899): 2024Q1 results are in line with expectations, and the growth rate of major retail stores and online channels is impressive
2024Q1's performance is in line with expectations, with impressive growth rates in major retail stores and online channels. In 2024Q1, the “buy” rating company achieved operating revenue of 5.49 billion yuan (+12.4% year-on-year, same below), and net profit of 3.8 billion yuan to mother
Chenguang Co., Ltd. (603899): Steady restoration of traditional core products & channel reform and upgrading
The company released its 2024 quarterly report: 2024Q1 achieved revenue of 5.485 billion yuan (YoY +12.4%), net profit to mother 380 million yuan (YoY +13.9%), net profit of 328 million yuan (YoY), net profit not attributable to mother of 328 million yuan
Chenguang Co., Ltd. (603899): Steady start of the first quarter, core business growth accelerated
24Q1 revenue/net profit to mother increased by 12.37%/13.87%. Maintaining the “increase in holdings” rating, the company published its quarterly report for the year 24, and achieved revenue of 5.485 billion yuan (yoy +12.37%) in 24Q1
Chenguang Co., Ltd. (603899): Steady growth in 24Q1, the growth rate of traditional core businesses picked up
Event: The company released its report for the first quarter of 2024. During the reporting period, the company achieved revenue of 5.485 billion yuan, +12.37% year-on-year; net profit to mother of 380 million yuan, +13.87% year-on-year; deducted non-net profit of 3.28 billion yuan
Chenguang Co., Ltd. (603899) 2024 Quarterly Report Review: Profit performance is in line with expected revenue, phased pressure, and looks forward to subsequent upward revisions
Investment highlights: The company released its 2024 quarterly report. The performance was basically in line with expectations: 24Q1 achieved revenue of 5.485 billion yuan, an increase of 12.4% over the previous year; achieved net profit of 380 million yuan to mother, an increase of 13.9% over the previous year
Chenguang Co., Ltd. (603899): The share of traditional business is growing steadily
Key investment points Chenguang Co., Ltd. revealed 2024 Q1 results. In 2024, the company achieved operating income of 5.485 billion yuan, +12.4% year-on-year, and realized net profit to mother of 380 million yuan, +13.9% year-on-year.
Chenguang Co., Ltd. (603899.SH): Net profit of 380 million yuan in the first quarter increased 13.87% year-on-year
On April 26, Ge Longhui Co., Ltd. (603899.SH) released its first quarter report. Operating revenue was 5.485 billion yuan, up 12.37% year on year, net profit of 380 million yuan, up 13.87% year on year, after deducting non-net profit of 328 million yuan, up 11.10% year on year, with basic earnings of 0.4112 yuan per share.
Chenguang Co., Ltd. (603899): Jiumu achieved profit for the first time and increased its share of overseas revenue
Incident: The company released its 23rd annual report and achieved revenue of 23.351 billion yuan in 23, an increase of 16.78% over the previous year; achieved net profit of 1,527 billion yuan, an increase of 19.05% over the previous year, and achieved net profit not returned to the mother after deduction1
Capital Securities released a research report on April 12 stating that it gave Chenguang Co., Ltd. (603899.SH) a purchase rating. The main reasons for the rating include: 1) gross margin declined due to changes in business structure, and net interest rate
Capital Securities released a research report on April 12 stating that it gave Chenguang Co., Ltd. (603899.SH) a purchase rating. The main reasons for the rating include: 1) gross margin declined due to changes in business structure, and net interest rate increased year-on-year; 2) strengthened channel advantages and high barriers. (Mainichi Keizai Shimbun)
Tianfeng Securities released a research report on April 11 stating that it gave Chenguang Co., Ltd. (603899.SH) a purchase rating. The main reasons for the rating include: 1) the company released its 2023 annual report; 2) traditional business: structural
Tianfeng Securities released a research report on April 11 stating that it gave Chenguang Co., Ltd. (603899.SH) a purchase rating. The main reasons for the rating include: 1) the company released its 2023 annual report; 2) traditional business: structural optimization and steady growth; 3) Jiumu & Living: excellent revenue and profit performance; 4) Colipu: continuing rapid growth and continuous supply chain optimization; 5) cost ratio optimization and steady profitability. (Mainichi Keizai Shimbun)
Chenguang Co., Ltd. (603899): Traditional business is steady, profits of major retail stores are improving
Incident: The company released its 2023 annual report, achieving full year revenue of 23.351 billion yuan, +16.78% year over year; net profit to mother of 1,527 billion yuan, +19.05% year over year; plans to distribute a cash dividend of 0.8 yuan per share.
Caixin Securities released a research report on April 8 stating that it gave Chenguang Co., Ltd. (603899.SH) a purchase rating. The main reasons for the rating include: 1) the traditional core business achieved a steady increase in revenue through mid-hig
Caixin Securities released a research report on April 8 stating that it gave Chenguang Co., Ltd. (603899.SH) a purchase rating. The main reasons for the rating include: 1) the traditional core business achieved a steady increase in revenue through mid-high-end upgrades; 2) the retail business achieved profit for the first time; 3) the direct office sales business gained steady strength to strengthen the layout of the warehousing supply chain; 4) the cost rate was well controlled, and overall profitability improved slightly. (Mainichi Keizai Shimbun)
SDIC Securities released a research report on April 7 stating that it gave Chenguang Co., Ltd. (603899.SH) a purchase rating. The main reasons for the rating include: 1) positive changes under a multi-pronged approach, and the performance of leading cultu
SDIC Securities released a research report on April 7 stating that it gave Chenguang Co., Ltd. (603899.SH) a purchase rating. The main reasons for the rating include: 1) positive changes under a multi-pronged approach, and the performance of leading cultural and creative companies grew rapidly in 2023Q4; 2) Colipu's 2023Q4 was beautiful, major retail stores continued to grow rapidly, and Jiumu turned losses into profits with excellent performance; 3) Profitability continued to improve, and rate control was good during the period. (Mainichi Keizai Shimbun)
Jefferies Adjusts Shanghai M&G Stationery's Price Target to 48 Yuan From 50 Yuan, Keeps at Buy
Shanghai M&G Stationery (SHA:603899) has an average rating of buy and price targets ranging from 36 yuan to 61 yuan, according to analysts polled by CapitalIQ. Price (RMB): ¥38.14, Change: ¥-0.12, Per
Chenguang Co., Ltd. (603899): Traditional business picks up, Jiumu Sundries drives performance growth
Net revenue and profit both increased, broadened industrial channels, and stabilized the leading position. In 2023, the operating income of Chenguang Co., Ltd. was 23.351 billion yuan, up 16.78% year on year; net profit to mother was 1,527 billion yuan, up 19.05 year on year
Shanghai M&G Stationery's 2023 Profit Jumps 19% on Higher Operating Income
Shanghai M&G Stationery's (SHA:603899) attributable profit rose 19.05% to 1.53 billion yuan in 2023 from 1.28 billion yuan in 2022, according to a Tuesday filing with the Shanghai bourse. Earnings per
Chenguang Co., Ltd. (603899): Traditional business is stable, Jiumu Sundries Co., Ltd. quickly repairs and continuously optimizes operating quality
Incident: The company released its annual report. In 2023, it achieved revenue of 23.35 billion yuan, +16.8% year-on-year, and net profit of 1.53 billion yuan to mother, +19.1%; of these, Q4 achieved revenue of 7.49 billion yuan in a single quarter, the same as
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