Tianfeng's research report pointed out that Sichuan Swellfun (600779.SH) mid-range Tianhao Chen's momentum continues to grow, Q3 performance meets expectations, maintaining a "buy" rating. Q3 company baijiu business revenue of 2.038 billion yuan (+0.28% year-on-year), expecting a good momentum for the eighth quarter of the third quarter, Jingtai's relative pressure in the context of downgrading is more apparent, Tianhao Chen and series of wines continue to meet the demand for downgrading, maintaining growth momentum. The company's overseas market showed outstanding growth in Q3, with increased gross margin and optimized cost structure resonating, significantly improving the company's profit level. In addition, the contract liability at the end of 24Q3 changed by -1.48%/-5.87% to 1.055 billion yuan compared to the previous quarter/year. The turning point in operation has appeared, expecting recovery resilience, considering the slightly weak demand for baijiu, and slightly adjusting profit forecasts.
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- Research reports Prospecting | Tianfeng: Sichuan Swellfun Q3 performance meets expectations, maintaining a 'buy' rating
研报掘金丨天风证券：水井坊Q3业绩符合预期，维持“买入”评级
Research reports Prospecting | Tianfeng: Sichuan Swellfun Q3 performance meets expectations, maintaining a 'buy' rating
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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
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In Australia, financial products and services available through the moomoo app are provided by Moomoo Securities Australia Limited, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our website https://www.moomoo.com/au.
In Canada, order-execution only services available through the moomoo app are provided by Moomoo Financial Canada Inc., regulated by the Canadian Investment Regulatory Organization (CIRO).
In Malaysia, investment products and services available through the moomoo app are offered through Moomoo Securities Malaysia Sdn. Bhd. ("Moomoo MY"regulated by the Securities Commission of Malaysia (SC). Moomoo Securities Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Moomoo Securities Australia Limited, Moomoo Financial Canada Inc., and Moomoo Securities Malaysia Sdn. Bhd. are affiliated companies.
Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
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This page is machine-translated. Moomoo tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation.