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Chengdu Hongqi Chain Co.,Ltd.'s (SZSE:002697) Low P/E No Reason For Excitement
CSC: Luxury goods global sales are under pressure, gold and jewelry sales temporarily decline.
Global pressure on high-end consumption has gradually spread to top luxury, and various groups are still cautious about the second half of the year. In addition, there was brief pressure on gold and jewelry sales, on one hand due to the fact that gold and jewelry sales were in a slow season; on the other hand, the sharp rise in gold prices left jewelry consumers in a wait-and-see mood.
Red Flag Chain: 2024 Semi-Annual Report
Chengdu Hongqi Chain: Summary of Half-Year Report in 2024.
Chengdu Hongqi Chain (002697.SZ): net income in the first half of the year was 0.267 billion yuan, a year-on-year increase of 3.81%.
Chengdu Hongqi Chain (002697.SZ) released its semi-annual report on July 25th, with a revenue of 5.186 billion yuan, a year-on-year growth of 3.67%, a net income of 0.267 billion yuan, a year-on-year growth of 3.81%, a non-GAAP net profit of 0.241 billion yuan, a year-on-year growth of 0.21%, and a basic earnings per share of 0.20 yuan.
Chengdu Hongqi Chain (002697.SZ): As of June 28, the company had a total of 46,130 shareholders.
Chengdu Hongqi Chain (002697.SZ) stated on the investor interaction platform on July 3rd that as of June 28, 2024, the total number of shareholders of the company was 46,130, with 4,566 institutional shareholders.
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