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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.
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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.
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