Wei Long Wei Mi (09985) rose more than 3%, as of press time, it rose 3.36%, reported HKD 6.46, with a turnover of 31.478 million Hong Kong dollars.
According to the financial news app, Wei Long Wei Mi (09985) rose more than 3%, as of press time, it rose 3.36%, reported HKD 6.46, with a turnover of 31.478 million Hong Kong dollars.
In terms of news, Wei Long Wei Mi recently announced a profit increase, with an expected net income of approximately RMB 5.991 billion to RMB 6.215 billion in the first half of this year, an increase of about 34% to 39% compared to the previous year. This is mainly due to the effective implementation of various business development strategies, especially the active promotion of omni-channel construction and brand building, with steady growth in the Group's online and offline revenues; improvement in production capacity utilization and some decline in raw material prices, resulting in an overall improvement in the Group's gross margin level.
CICC pointed out that looking forward to the second half of the year, incremental channels and new products will continue to increase. In terms of channels, it is expected that in the first half of the year, the company's traditional distribution channels accounted for nearly 50%, while the other half was dominated by modern channels, online, and snack wholesalers. The bank expects that in the second half of the year, with the relative peak season of leisure snacks, channels will continue to increase. In terms of products, the company's new product launch speed has significantly accelerated since the second half of last year, and the bank expects that the overall revenue contribution of new products will reach several hundred million yuan in 2024.