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Ku Ku Wang (01927.HK) mid-term earnings decreased by approximately 5.2% to 0.182 billion yuan.
On August 30th, Globlet announced that the group's earnings decreased by about 5.2% to approximately RMB 18.16 million for the six months ended June 30, 2024. The decrease in earnings was mainly due to a decrease in sales of OEM products. For the six months ended June 30, 2024, the group's net profit remained stable, recording a net profit of approximately RMB 0.78 million, compared to a net profit of approximately RMB 0.73 million for the same period in 2023.
Jiujiuwang Food Reports Increased Mid-Year Profits
JIUJIUWANG: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED 30 JUNE 2024
Jiujiuwang Food to Discuss Interim Results and Dividend
On August 30, Jiujiu Wang (01927.HK) held a board of directors meeting to consider and approve the interim performance.
Gelonghui August 26th | Jiujiuwang (01927.HK) announced that the board of directors' meeting will be held on August 30th, 2024 (Friday) to consider and approve the company's and its subsidiaries' mid-term performance for the six-month period ending June 30th, 2024, and consider recommending an interim dividend (if any).
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.
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