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Tianjin Yiyi Hygiene Products Co.,Ltd (SZSE:001206) Surges 25% Yet Its Low P/E Is No Reason For Excitement
Yiyi Co., Ltd.: 2024 Annual Results Forecast
Yiyi Co., Ltd. (001206.SZ): The projected net income for the fiscal year 2024 is expected to increase by 91.76%-117.91%.
Gelonghui, January 14: Yiyi Co., Ltd. (001206.SZ) announced its annual performance forecast for 2024, with a net income attributable to shareholders of the listed company expected to be between 0.198 billion yuan and 0.225 billion yuan, representing a year-on-year growth of 91.76% to 117.91%; the net income after deducting non-recurring gains and losses is estimated to be between 0.175 billion yuan and 0.202 billion yuan, an increase of 60.06% to 84.76% compared to the same period last year; and the basic EPS is expected to be between 1.07 yuan/share and 1.22 yuan/share. The main reasons for the performance changes are: (1) Existing customers' orders have maintained good growth, coupled with new orders.
Yiyi Co., Ltd. (001206.SZ): In the third quarter of 2024, a dividend distribution of 10 shares for 2.3 yuan will be made, with the equity registration date on December 18.
Gelonghui, December 12th丨Yiyi Co., Ltd. (001206.SZ) announced that the equity distribution plan for the third quarter of 2024 is as follows: Based on the company's existing total share capital of 184,529,521 shares after excluding 364,287 repurchased shares, a cash distribution of 2.300000 RMB (tax included) will be made for every 10 shares to all shareholders. The equity distribution registration date is December 18, 2024, and the ex-dividend date is December 19, 2024.
Yiyi Co., Ltd. (001206.SZ): The reasonable gross margin range for pet pad products is between 17% and 23%.
On December 9, Glonghui reported that YiYi Co., Ltd. (001206.SZ) recently stated in an investor relations activity that the procurement prices of raw materials have been relatively stable. The reasonable gross margin range for pet pad products is between 17% and 23%. Currently, the company's gross margin for the first three quarters of 2024 is 19.57%, an increase of 3.13 percentage points year-on-year. This is mainly due to increased orders leading to higher capacity utilization, lower procurement prices of raw materials, and the company's strengthened cost control achieving cost reduction and efficiency improvement.
Yiyi Co., Ltd. (001206.SZ): The capacity utilization rate of the main product, pet pads, is over 90%, and the equipment operation rate has reached 100%.
On December 9, Gelonghui reported that Yiyi Co., Ltd. (001206.SZ) stated in a recent investor relations activity that the company currently has sufficient orders. The production capacity utilization rate of the main product, pet pads, is over 90%, and the equipment operating rate has reached 100%. Some overseas customers, after going through inventory destocking in 2023, have now seen their overall purchasing orders return to a steady growth pace, and there has not been a situation where customers are significantly replenishing inventory recently.