YUEIY YUE YUEN INDL HLDG
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YUE YUEN INDL HLDG News
A quick look at the Hong Kong market | The trends of the three major indices diverged. Auto stocks and photovoltaic solar energy stocks strengthened. After that, Xiaopeng Motor rose more than 13%, and Xinte Energy rose more than 17%
The trend of TechNet shares was divided. Kuaishou rose more than 2% and NetEase fell more than 3%; gold stocks continued to recover, and China Gold International and Lingbao Gold fell more than 4%.
Express News | UBS: Significantly raised the target price of Yuyuan to HK$19 and upgraded the rating to “buy”
Yuyuan Group (00551.HK): Capacity utilization is increasing on the right; retail omni-channel performance is steady
The Group released a report for the first quarter of 2024: Group FY24Q1 revenue of US$2.04 billion, a decrease of 4.9%; net profit to mother of US$100 million, an increase of 96.9%; FY24Q1 Group gross margin of 25.1
Bank Rating | Daiwa: Raising Yuyuan's Target Price to HK$19 to Maintain “Buy” Rating
Glonghui, May 17 | Yamato published a research report stating that Yuyuan's performance in the first quarter of the 2024 fiscal year was consistent with the earnings warning released earlier. Net profit doubled to 100 million US dollars from year to year; operating income remained flat year-on-year; and operating profit margin increased 5.5 percentage points to 8.4 percent year-on-year. The bank believes that the company's strong performance is driven solely by its higher capacity utilization rate and improved internal efficiency. The bank said that due to Yuyuan's operating profit margin recording strong growth for two consecutive quarters, its stock price has more than doubled in the past three months. As downstream customers remove inventory, their order visibility continues to improve, and will be high for the next few quarters
Bank Rating | Goldman Sachs: Raising Yuyuan Target Price to HK$19 to Reiterate “Buy” Rating
Glonghui, May 16 | Goldman Sachs published a research report stating that it decided to raise its net revenue forecast for the 2024-2026 fiscal year by 8% to 11% based on the strong profit performance of Yuyuan's OEM business. At the same time, considering the company's profits and the visibility of orders, it was decided to revise its price-earnings ratio from 9 times to 11 times. The bank indicated that Yuyuan's management plans to maintain a stable dividend ratio and estimates its yield of around 8%. Based on the above factors, the bank raised the target price of Yuyuan from HK$14.2 to HK$19 and reaffirmed the “buy” rating. The bank quoted Yu Yuan's management as saying that it is optimistic about the company's OEM orders
Damo: Maintaining Yuyuan Group's (00551.HK) “In sync with the market” rating, the target price was raised to HK$16
Morgan Stanley released a research report stating that it maintained Yuyuan Group (00551.HK)'s “in sync with the market” rating, adjusted operating income and profit margin forecasts for the 2024-2026 fiscal year, and raised its earnings per share forecast for the 2024 fiscal year by 7%, while remaining unchanged for the 2025 to 2026 fiscal year. Based on the above factors, the target price was raised from HK$15 to HK$16. The company recorded an improvement in profit margin performance in the first quarter of fiscal year 2024. The gross margin of the footwear manufacturing business (MFG) remained above 20%, and the operating profit margin also exceeded 8%.
Yuyuan Group (00551.HK): Manufacturing business volume increases and price reductions, and order visibility improvements are clearly optimistic about the restoration of annual performance
Event: The company announces results for the first quarter of 2024. 24Q1 achieved revenue of $2.0 billion, or -4.9% YoY, of which manufacturing revenue was -0.1% YoY; realized net profit to mother of US$100 million, YoY +
Changes in Hong Kong stocks | Yuyuan Group (00551) rose more than 4% and nearly doubled since the beginning of March, net profit increased 96.9% year-on-year in the first three months
Yuyuan Group (00551) has risen more than 4%, and its stock price has nearly doubled since the beginning of March. As of press release, it rose 4.33% to HK$15.92, with a turnover of HK$59.1564 million.
Yue Yuen Industrial's Q1 Profit Rises Despite Fall in Revenue; Shares Rise 3%
Yue Yuen Industrial's (HKG:0551) attributable profit rose to $100 million in the first quarter from $50.8 million in the year-ago period, according to a Monday filing with the Hong Kong Stock Exchange
Featured announcements | Tencent Music's adjusted net profit increased by 23.9%; King's Rui: Legendary Biotech's net loss narrowed
China Life Insurance: The cumulative original premium income for the first 4 months was about 371.2 billion yuan, an increase of 3.9% over the previous year; China Resources Land: The cumulative contract sales amount for the first 4 months was approximately RMB 72.0 billion.
Yuyuan Group (00551.HK): Net profit of 99.965,000 US dollars increased 96.9% year-on-year in the first three months
On May 13, Ge Longhui | Yuyuan Group (00551.HK) announced that for the three months ended March 31, 2024, the Group's revenue was US$2,03.6 billion, down 4.9% from the same period last year. Looking back at this period, the Group's gross profit rose 1.1% to US$503.1 million, of which the gross profit of the manufacturing business rose 20.2% to US$254.1 million, mostly offset by the decline in Baosheng's gross profit. The gross margin of the manufacturing business increased by 3.5 percentage points to 20.3% compared to the same period last year, mainly due to a significant increase in capacity utilization, flexible scheduling of production capacity, and effective cost reduction and efficiency
YUE YUEN IND: UNAUDITED CONSOLIDATED RESULTS FOR THE THREE MONTHS ENDED MARCH 31, 2024
Featured announcements | Shunyu Optics' automotive lens shipments in April increased 15% year on year; sales of Yuexiu Real Estate fell nearly 50% year on year
Longyuan Electric Power: A total of 278.12,300 megawatt-hours of power generation was completed in the first 4 months, an increase of 2.59%; CGN New Energy completed a cumulative total of 6544.3 gigawatt-hours in the first 4 months, a decrease of 3.6% over the previous year.
Yue Yuen Industrial's April Operating Revenue Down 5%
Yue Yuen Industrial (Holdings) (HKG:0551) recorded an operating revenue of $650.2 million in April, down 5% from the-year ago period, a Friday filing on the Hong Kong bourse said. The footwear maker's
Yuyuan Group (00551.HK): Net consolidated operating income of US$650 million in April
On May 10, Ge Longhui | Yuyuan Group (00551.HK) announced that in April 2024, the company's net consolidated operating income for this month (that is, equivalent to total sales reduced sales discounts and sales returns) was 650 million US dollars, a decrease of 5% over the previous year. The company's consolidated cumulative net operating income for the four months ended April 30, 2024 was US$2,652 million, a decrease of 5% over the previous year.
Direct impact of changes | Special Step International rose more than 7%, leading sporting goods stocks, the sports industry may welcome favorable policies
On May 9, the $Sporting Goods (BK1185.) $concept sector collectively picked up. As of press release, $TEP International (01368.HK) $ rose 7.77% to HK$5.41; $Li Ning (02331.HK) $ rose 4.07% to HK$21.75; and $Yuyuan Group (00551.HK) $ rose 3.50% to HK$14.80. Market source: According to news from Futubull Niu Niu, on May 8, Gao Zhidan, party group secretary and director of the State Administration of Sports, issued an article stating that he will work with relevant departments to develop policy documents to promote the transformation and upgrading of sporting goods and equipment, and continue to fight
Bank Rating | J.P. Morgan Chase: Raising the target price of Yuyuan to HK$15 and raising the profit forecast for 2024 to 26
Glonghui, May 6 | According to a research report published by J.P. Morgan Chase, Yu Yuan's good cash dividend ratio support and improved gross margin of the manufacturing business have driven its steady rerating. However, the sustainability of profit margin trends after production has resumed and the prospects for the retail business are still the focus of attention. The bank's revenue forecast for 2024 to 2026 remains essentially unchanged, raising the gross margin forecast for this year and next by 0.1 to 0.2 percentage points and decreasing the gross margin forecast for 2026 by 0.1 percentage points. Also taking into account the results for the second half of 2023 and the company's prudent operating cost control over manufacturing and retail operations
YUE YUEN INDL HLDG To Go Ex-Dividend On May 31st, 2024 With 0.44772 USD Dividend Per Share
May 4th - $YUE YUEN INDL HLDG(YUEIY.US)$ is trading ex-dividend on May 31st, 2024. Shareholders of record on May 31st, 2024 will receive 0.44772 USD dividend per share on July 8th, 2024. The ex-di
Net profit increased by 100% in Q1. Is there “mixed feelings” behind the low base effect of Yuyuan Group (00551)?
Since March, a sneaker foundry giant has quietly shown impressive gains. In less than 2 months, Yuyuan Group (00551) has risen from around HK$8 to over HK$14, an increase of nearly 200%, which has attracted a lot of attention from market capital. According to the news, Yuyuan Group recently announced that profit attributable to company owners will increase by about 95% to 100% year-on-year in the first quarter of 2024, compared to 50.8 million US dollars for the same period last year. The company pointed out that the increase in performance was mainly due to the gradual recovery of the global footwear industry and the normalization of orders, which led to an increase in capacity utilization and production efficiency, as well as a decrease
Read the list of Hong Kong stocks in April | The list of Hong Kong stocks for April has been released! Shangtang rose by nearly 70%, and TCL Electronics recorded 13 consecutive rises
A number of auto stocks showed strong performance. Brilliance China and Great Wall Motor recorded increases of 64.1% and 33.33% respectively during the month. It is worth noting that the former's stock price has doubled and surged since this year.
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