Shares of Yanjiyou (01497) fell nearly 4% after rising more than 14% yesterday. As of press time, it fell 3.74% to HKD 12.34 with a turnover of 10.707 million HKD.
According to the Wisdom Wealth App, shares of Yanjiyou (01497) fell nearly 4% after rising more than 14% yesterday. As of press time, it fell 3.74% to HKD 12.34 with a turnover of 10.707 million HKD.
On the news front, Yanjiyou recently announced that it is expected to achieve revenue of approximately RMB 1.045 billion to 1.09 billion in the first half of this year, a year-on-year increase of 10% to 15%; net income is expected to be RMB 50 million to 60 million, a year-on-year decrease of approximately 40% to 50%. China International Capital Corporation (CICC) stated that the profit performance was slightly lower than expected due to the company's brand investment in the first half of the year slightly exceeding expectations, which had a phased impact on profit performance.
CICC pointed out that the relocation of the new factory corresponds to an increase in fixed costs, and the increase in sales expenses leads to a temporary pressure on the company's profit performance in the first half of this year. Due to the slightly excessive cost investment intensity in the context of weak macro consumption and the bank's expectation, CICC lowered the company's profit for the 24/25 fiscal year by 5%/11% to RMB 0.245/0.273 billion. Meanwhile, due to the steady increase in the company's market share and the continuation of core competitive advantages, the target price remains at HKD 12.