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The Dining, Alcoholic Beverages, and Sporting Goods sectors have all shown strong performance. The report from the China Consumer Association shows that over 60% of consumers believe the consumption environment is getting better.
Jinwu Financial News | The Consumer Sectors, including Dining, Alcoholic Beverages, and Sporting Goods, are showing strong performance. In the Dining Sector, JIUMAOJIU (09922) rose by 6.01%, XIABUXIABU (00520) increased by 4.65%, SHANGHAI XNG (03666) grew by 4.17%, HAIDILAO (06862) rose by 2.95%, and HAILUNSI (09869) increased by 2.42%. In the Alcoholic Beverages Sector, BUD APAC (01876) rose by 6.37%, CHINA RES BEER (00291) increased by 5.07%, TSINGTAO BREW (00168) grew by 4.99%, and DYNASTY WINES (00828) rose by 3.
Hong Kong stocks fluctuated | XIABUXIABU (00520) fell over 10%, total market value dropped below 1 billion Hong Kong dollars. The company is expected to accumulate losses exceeding 1.2 billion yuan in the past four years.
XIABUXIABU (00520) fell over 10%, as of the time of writing, it dropped 10.31% to 0.87 Hong Kong dollars, with a transaction value of 10.7414 million Hong Kong dollars, and the total market value has now dropped below 1 billion Hong Kong dollars.
Xiabuxiabu Catering Management to Widen Loss in 2024
Hong Kong stock morning report | Institutions say the recent foreign capital inflow is mainly driven by short-term flexible funds. Powell states that there is no urgency to cut interest rates until the impact of Trump's policies becomes clear.
① Putin is reportedly prepared to agree to a conditional ceasefire. ② Powell stated there is no rush to cut interest rates until the impact of Trump's policies is clear. ③ HAITONG SEC mentioned that foreign capital is currently returning to the Chinese market in stages, mainly in a short-term flexible form. ④ FOURTH PARADIGM jointly released the SageOneIA integrated machine with Huawei.
Selected announcements | XIABUXIABU expects a revenue decline of 20% in 2024; Nayuki's Tea expects an adjusted net loss of approximately 0.88 billion yuan to 0.97 billion yuan in 2024.
UNITEDENERGY GP: It is expected to make a profit of 1.4 billion to -1.65 billion HK dollars in 2024, achieving a turnaround from losses compared to the previous year.
Hong Kong Stock Announcement | FE HORIZON's net profit attributable to ordinary shareholders in 2024 is 3.862 billion yuan, a decrease of 37.63% year-on-year.
Chifeng Jilong Gold Mining (06693) was listed on March 10, with both the Hong Kong public offering and the international offering receiving slight oversubscription.
Lacklustre Performance Is Driving Xiabuxiabu Catering Management (China) Holdings Co., Ltd.'s (HKG:520) 26% Price Drop
