“Clearance” dividends? Marketing-driven performance problem unsolved Baiya Co., Ltd. plans to split 99% of the year's net profit|Annual Report Interpretation
① Net profit returned to growth in 2023, and Baiya shares vigorously paid dividends; ② The company plans to distribute a cash dividend of 236 million yuan, which will almost completely split the net profit for the whole year; ③ Despite the increase in performance, the company's profitability index did not rise but fell due to the surge in marketing costs.
Can restructuring “change lives”? The pre-profit growth of Red Cotton Co., Ltd. attracted attention
① Red Cotton Co., Ltd. revealed its 2023 results tonight. It is expected to turn a year-on-year loss into a profit. This is also the first annual report card of Guangzhou Langqi after going through asset restructuring and name change. ② The capital market is very concerned about the future growth of its food and beverage business.
Net profit fell nearly 40% in the first three quarters, can Zhongshun Jierou's profit return to positive growth for the full year of 2023? |Interpretation of financial reports
① Zhongshun Jierou did not increase revenue and profit in the first three quarters of this year, with net profit falling nearly 40% year on year; ② According to estimates, if the company wants to achieve positive profit growth throughout 2023, it will need to complete a net profit of at least 185 million yuan in the Q4 quarter; there is still a gap of 3.177 billion yuan from achieving the revenue target of 10 billion yuan in 2023. ③ The company said it will catch up with goals such as comprehensively fighting the online Double 11 war and starting the Spring Festival takeover campaign ahead of schedule.
Relying on asset disposal to support a high performance base, steady medical care deducted non-net profit fell by more than 40% in the first three quarters|Interpretation of financial reports
① Under the influence of the high base brought about by infection protection products in the same period last year, Robust Medical's revenue for the first three quarters of this year fell by more than 20% year on year, but net profit increased due to increased asset disposal income; ② Regarding the decline in non-net profit after deducting Q3, the company said that it was mainly due to a decrease in sales revenue from infection protection products in the medical sector and a decline in gross margin due to changes in the medical product structure.
The explosion of e-commerce channels is difficult to conceal, cost concerns, and it is difficult for Baiya Co., Ltd. to increase revenue and profit in Q3 | Interpretation of financial reports
① The Q3 revenue of Baiya Co., Ltd. remained high, but net profit from the parent company shrunk markedly; ② The difficulty in increasing revenue and profit was related to the high increase in marketing expenses brought about by the company's e-commerce efforts; ③ In offline channels, the revenue growth rate of provinces outside the core region increased markedly.
Pioneering Securities: optimistic about the investment opportunities in the textile and clothing industry, the leader is expected to strengthen the leading edge in the recovery phase.
Zhitong Financial APP learned that the first Securities released a research report saying that the recovery after the epidemic, the leading Nuggets. Looking forward to the second half of the year, the bank is still optimistic about the investment opportunities in the textile and clothing industry, the continued impact of the epidemic will further promote the differentiation of the competition pattern in the industry, and the subdivision leader is expected to strengthen its leading edge in the post-epidemic recovery phase. it is suggested to grasp two main lines of investment: one is to continue to be optimistic about the scale growth and pattern concentration of the sports outdoor and children's wear industry, focusing on recommending brands upward & actively optimizing and changing the subdivision track leader. Recommend brand upgrade & ANTA Sports Products (02020) with global business, Senma with the top market share of children's wear