Performance forecasts are distorted and inflated overnight, four Zhejiang listed companies received warning letters
① ST Starter, *ST Furun, Lianxiang Co., Ltd., and Kang Longda were issued a warning letter by the Zhejiang Securities Regulatory Bureau due to inaccurate disclosure of the 2023 performance forecast; ② the four companies' performance forecasts were revised by varying degrees; ③ Among them, *ST Furun was punished for false records in the 2020 Report, 2021 Report, and 2022 Semi-Annual Report.
Investment income comes from bank dividends and many issues are avoided without discussing Youngor's results will be “spared like money” | Direct access to performance meetings
① The company's investment income mainly comes from dividends from CITIC Corporation and Bank of Ningbo ② Financial investments in other non-main businesses will speed up disposal efforts ③ The profit of the fashion sector business declined in the first quarter. The company says it is investing heavily in the acquisition of brands
Peak season starts, Mugaodi camping product line grows month-on-month, independent brands decline year-on-year in the first quarter|Direct impact on performance
① The second quarter is the peak season for camping. Since March, the company's camping product line has shown a significant month-on-month growth trend ② In the first quarter of this year, Mu Gaodi's own brand business fell 8.58% year on year, and online sales of the main business fell 20.81% year on year ③ The company's OEM/ODM business will be deeply involved in the North American market
Did the majority shareholders who increased their holdings last year all make money? Bank of Ningbo revealed the latest progress in increasing Youngor's holdings. After the “purchase” in mid-February, the stock price has risen by more than 20%
① Bank of Ningbo and Bank of Lanzhou announced on the same day that the shareholder increase was completed, and the proportion of Youngor's shareholding in Bank of Ningbo increased to 10%; ② Bank of Ningbo's stock price has continued to rise since the beginning of the year. After Youngor's current round of holdings increase, Bank of Ningbo's stock price has risen by more than 20%; ③ After Central Huijin increased its holdings in the four major banks last year, the average increase so far is about 17%.
No longer just selling leather shoes, Red Dragonfly turns losses into profits after being rejuvenated | Direct hit to performance
① Red Dragonfly accounted for 30.72% of online revenue in 2023. Popular products include platform loafers, retro sneakers, Gan shoes, etc.; ② After introducing an AI platform for shoe design to reduce costs and increase efficiency, the company reduced R&D expenses by 15.49% year-on-year in 2023; ③ The company plans to continue to expand the “light outdoor” category this year.
Net closing of 940 stores in 2023, and the net profit of Pacific Bird doubles “how to save money” | Annual Report Interpretation
① The company's revenue in 2023 fell 9.41% year on year, and net profit increased 127.06% year on year; ② strictly controlled discounts on new products, standardized digestion channels for old products, and gross sales margin increased 5.9 percentage points year over year; ③ closed 940 stores net throughout the year, and the number of offline stores at the end of the reporting period was 3,731.