01497 YAN PALACE
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YAN PALACE News
Yan Palace Bird's Nest Invests in PT. ESTA INDONESIA's IPO
Xiamen Yan Palace Forges Key Investment in PT. ESTA
Yan Zhi Wu (01497.HK): PT. EST successfully listed on the Indonesia Stock Exchange. The company subscribed to 2.5 million US dollars in shares.
On August 8th, Guolonghui announced that Yanzhiwu (01497.HK) has successfully completed its initial public offering and listed on the Indonesian Stock Exchange on August 8th, 2024, and the company has subscribed to the number of shares submitted for sale by PT. ESTA in its initial public offering, which can be purchased at the offering price for a total amount of approximately US$2.5 million ("Investment").
Yan Zhi Wu (01497) subscribed to PT. Esta's initial public offering for about 2.5 million US dollars.
Yan Zhi Wu (01497) announced that on August 8, 2024, PT. ESTA INDONESIA...
Express News | Xiamen Yan Palace Bird's Nest Industry- Investment at Offer Price of US$2.5 Mln
Express News | Xiamen Yan Palace Bird's Nest Industry Co Ltd - Investment in PT. Esta Indonesia
HK stock market changes | Yan Zhi Wu (01497) fell nearly 4%, fixed cost stacking, increased expense investment, first-half profit under pressure.
Shares of Yanjiyou (01497) fell nearly 4%, after rising more than 14% yesterday. As of press time, it dropped by 3.74%, to HKD 12.34, with a trading volume of HKD 1.0707 million.
Hong Kong stocks closed (07.18) | HSI rose 0.22%, most of the Zhongtegu concept rebounded, Nongfu Spring (09633) surged 6% to lead the blue chips.
Hong Kong stocks rose and fell in early trading and then climbed again. The Hang Seng Index and the H-Share Index successfully turned green, and the afternoon increase expanded slightly. Among the three major indices, only the Heng Seng Technology Index fluctuated underwater throughout the day.
Stock Market Movement: Yanji House (01497) rose more than 4% again, and the market share of online channels has steadily increased. It is expected that the revenue will increase by 10% to 15% in the first half of the year.
Yan Zhiwu (01497) rose by more than 4%, as of press time, up 4.35%, at HK$12, with a turnover of HK$1.6849 million.
Xiamen Yan Palace Bird's Nest Industry Expects Up to 50% Drop in H1 Profit
Xiamen Yan Palace Forecasts Mixed Financials
Yanjiyou (01497.HK) expects mid-term revenue growth of about 10% to 15%.
Yan's House (01497.HK) announced on July 16 that (i) the Group expects to record revenue of approximately RMB 104.5 million to RMB 109 million for the six months ending June 30, 2024, with a growth of about 10% to 15% compared to the same period in 2023; and (ii) the Group expects a net income of approximately RMB 5 to 6 million in the mid-year of 2024, a decrease of about 40% to 50% compared to the same period in 2023. Despite the great challenges faced by the operating environment in the first half of 2024, the Group's revenue continues to grow due to the impressive online revenue growth.
Express News | Xiamen Yan Palace Bird's Nest Industry - Expected Decrease in Net Profit Due to Higher Production Costs, Among Others
Express News | Xiamen Yan Palace Bird's Nest Industry Sees Net Profit of RMB50.0 Mln to RMB60.0 Mln for Six Months
YAN PALACE: PROFIT WARNING
Soochow Securities: The food and beverage sector is in a stage of low-to-medium-speed transformation, and the rebound of the sector is waiting for the clearance of the business performance risk of listed companies or the reversal of demand expectations.
The current valuation of the food and beverage sector is relatively low, primarily due to concerns about future cash flow and profit downgrades. Short-term market pessimism has had an impact on the sector, and the sector's rebound is awaiting clarification of listed company performance risks, or a reversal of demand expectations, the latter depending on proactive fiscal and monetary policies at the macro level or verification of seasonal sales at the middle level.
Xiamen Yan Palace Bird's Nest Industry Co., Ltd.'s (HKG:1497) 43% Price Boost Is Out Of Tune With Earnings
Hong Kong shares rocketed; Yanji House (01497) soared more than 12% to reach a new high in the market. The company once again topped the sales charts, and institutions are bullish on its increased market share.
Zhī tōng cai jīng APP learned that Yan Zhiwu (01497) rose more than 12%, hitting a new high since listing at HKD 12.2. As of press time, it reported a 12.55% increase, closing at HKD 11.84, with a turnover of HKD 29.6053 million. According to statistics from Beijing Century Consulting Co., Ltd., Yan Zhiwu has been the top-selling high-end bird's nest brand in the country for eight consecutive years. In addition, during the Tmall mid-year promotion period in 2024, Yan Zhiwu once again ranked first in cumulative GMV among supplement stores. On May 20th, Yan Zhiwu announced that Wang Yibo became the global brand spokesperson, and related topics then surged on Weibo hot search.
Hong Kong stocks have unusual movements | Yan House (01497) rises more than 9% again. Institutions said that the bird's nest industry is relatively diversified and the company has significant competitive advantages.
According to the Wisdom Wealth App, Yan Zhiwu (01497) rose by more than 9%, cumulatively rising by about 25% in the past four trading days. As of the release, it rose by 7.2%, reporting HK$10.42, with a turnover of HK$5.7497 million. Founder Securities pointed out that Yan Zhiwu was founded in 1997 and is the leading brand in the Chinese bird's nest product market. China is the largest consumer of bird's nest, but in terms of competition pattern, the bird's nest industry in China is relatively scattered, and the top brands of bird's nest, such as Yan Zhiwu, have relatively few specialized competitors that have deep influence in the industry, with significant competitive advantages and prospects for continuous improvement of their market share. The bank pointed out that Yan Zhiwu's core competitiveness lies in its deep influence.
Are Strong Financial Prospects The Force That Is Driving The Momentum In Xiamen Yan Palace Bird's Nest Industry Co., Ltd.'s HKG:1497) Stock?
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