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Yotrio Group (002489.SZ) plans to establish a subsidiary in the USA, mainly engaging in the sales of outdoor leisure housewares and other businesses.
Yotrio Group (002489.SZ) announced on July 26th that its wholly-owned subsidiary, Ningbo Yotrio International Trading Co., Ltd.'s holding subsidiary Ningbo Lanye Kwaiwei Network Technology Co., Ltd.'s Hong Kong wholly-owned subsidiary Lausaint Industrial Co., Limited, recently invested to establish a wholly-owned subsidiary in the USA. The target company will mainly engage in the sales of outdoor leisure household items and other businesses.
Yotrio Group (002489.SZ): the Vietnamese company was just established in May of this year.
Yotrio Group (002489.SZ) recently stated during a visit from institutional investors that its Vietnamese company was established just in May of this year. Currently, the factory scale is not large, and it is an attempt to establish overseas production capacity. The expected output value after reaching production is 0.3 billion Chinese yuan. Currently, Vietnam has lower tariffs, but production costs are slightly higher compared to domestic costs.
Retail Investors in Yotrio Group Co., Ltd. (SZSE:002489) Are Its Biggest Bettors, and Their Bets Paid off as Stock Gained 11% Last Week
Yotrio Group: 2024 Interim Performance Forecast
Yotrio Group (002489.SZ): Net income is expected to increase by 60.37%-93.78% in the first half of the year.
On July 11th, Gelunhui reported that the net income attributable to shareholders of listed companies was expected to be between 0.48 billion yuan and 0.58 billion yuan during H1 2024, which is an increase of 60.37%-93.78% compared to the same period last year. After deducting non-recurring gains and losses, the net income attributable to shareholders of listed companies is expected to be between 0.23 billion yuan and 0.28 billion yuan, which is an increase of -10.37% to 9.11% compared to the same period last year. The basic earnings per share will be between 0.22 yuan/share and 0.27 yuan/share. During the reporting period, the land and factory buildings owned by the company in Shuiyuntang, Linhai City were subject to urban construction.
Yotrio Group (002489.SZ): intends to compete for land use rights for the Yotrio high-end home industry park project.
On June 27th, Gelunhui announced that in order to smoothly advance the above investment construction projects and meet the company's needs for operating sites, the company held the 20th meeting of the sixth board of directors on June 27,2024 to review and pass the proposal for "reviewing the company's plan to participate in the auction of land use rights", agreeing to use its own funds of no more than RMB 80 million to participate in the auction of land use rights again, and authorizing the management of the company to handle all matters related to the auction of land use rights. The land use right to be bid for this time will continue to be used for the Yotrio high-end home industry park project.
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