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Tongqing Building (605108): 23 ended beautifully, 24Q1 revenue was released as scheduled, and performance was affected by start-up fees, etc., and long-term growth is optimistic
24Q1: The company achieved revenue of 690 million yuan/yoy +28.0%; net profit to mother of 66 million yuan/yoy -8.8%; deducted non-net profit of 64 million yuan/yoy +5.3%. Looking at the month-on-month comparison, 2
Tongqing Building (605108): Accelerating business expansion and continuing high revenue growth
Guide to this report: The 2023 results are in line with expectations. The 24Q1 revenue side is in line with expectations. The profit side is slightly lower than expected due to short-term capital expenditure increases, marketing and digital equipment sales, and new store losses, but it is still in a stage of rapid growth. Profits are
Tongqing Building (605108): Open a store or maintain a high growth rate to focus on offsite expansion and changes in demand
The 2023 and 1Q24 results are in line with our expectations. The company announced full-year 2023 and 1Q24 results. 1) Finance: In '23, the company's revenue increased by 43.76% to 2,401 billion yuan, including restaurants and wealth
Minsheng Securities released a research report on April 28 stating that Tongqing Building (605108.SH) was given a recommended rating. The main reasons for the rating include: 1) Tongqing Building released its 2023 annual report and 2024 quarterly report;
Minsheng Securities released a research report on April 28 stating that Tongqing Building (605108.SH) was given a recommended rating. The main reasons for the rating include: 1) Tongqing Building released its 2023 annual report and 2024 quarterly report; 2) Fumao Hotel added 2 new hotels and is preparing to open 3 by the end of 23. The combined business model with Tongqing Building's catering business support+banquet business as the core has broad prospects for development; 3) the food business has excellent performance, and the prepared dishes business may be expected to break through regional barriers. (Mainichi Keizai Shimbun)
Guoxin Securities released a research report on April 28 stating that it gave Tongqing Building (605108.SH) a purchase rating. The main reasons for the rating include: 1) the company effectively met the demand for reimbursement in 2023, and revenue and ne
Guoxin Securities released a research report on April 28 stating that it gave Tongqing Building (605108.SH) a purchase rating. The main reasons for the rating include: 1) the company effectively met the demand for reimbursement in 2023, and revenue and net profit to the mother ushered in a beautiful rebound; 2) business spin-off: Fumao's business revenue was released well and the food business expanded rapidly; 3) old stores operated steadily in the first quarter of 2024, and new stores contributed to revenue growth; 4) bucking the trend and accelerated expansion in 2024, demonstrating management's confidence in the company's operating competitiveness. (Mainichi Keizai Shimbun)
Is Weakness In Tongqinglou Catering Co., Ltd. (SHSE:605108) Stock A Sign That The Market Could Be Wrong Given Its Strong Financial Prospects?
With its stock down 11% over the past week, it is easy to disregard Tongqinglou Catering (SHSE:605108). However, stock prices are usually driven by a company's financial performance over the long te
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