Hong Kong stock market anomaly | Chabaida (02555) fell nearly 14% at one point, difficult to offset the decline in performance, the company's net profit in the first half of the year plummeted by 60%.
ChaBaiDao (02555) once fell nearly 14%, since its listing on April 23 this year, it fell more than 26% on the first day, and the current market cap has evaporated more than HKD 14 billion compared to its initial high point.
Chatime [02555] is now reporting a price of 6.13 Hong Kong dollars, a decrease of 13.78%.
As of 11:47, Chabaida [02555] reported a price of HKD 6.13, a decrease of HKD 0.98 or 13.78% from the previous closing price of HKD 7.11. The turnover was HKD 3.8757 million. The highest price today was HKD 7.08, and the lowest price was HKD 5.21. Based on the closing price of yesterday, the 10-day average price was HKD 10.76, and the 50-day average price was HKD 0.00. The current PE ratio is 9.63 times, and the 14-day strength index is 33.69.
Smartknot exclusive | "The "entry into service" is about to take effect, and these stocks have already started celebrating! Is Hong Kong Stock Connect really the “heroic savior�?
According to the announcement by Hang Seng Index Company and Hong Kong Stock Exchange on August 16, this time a total of 33 stocks, including Wanwuyun, Maifushi, Chabaida, SF Express, Netease Cloud Music, Sunshine Insurance, Jingtai Technology, Laopu Gold, and Hang Lung Group, will be included in the scope of Hong Kong Stock Connect targets.
Hong Kong stock market volatility | At the end of the trading day, Chabaida (02555) rose more than 5%. The company was included in the Hang Seng Composite Midcap Index and is expected to become a symbol of the Hong Kong Stock Connect.
At the closing, Chatime (02555) surged more than 5%, up 4.86% to 6.9 Hong Kong dollars at the time of publication, with a turnover of 23.962 million Hong Kong dollars.
Sichuan Baicha Baidao Industrial Logs Lower Profit in H1
Chabaida (02555) reported a 59.7% decrease in net income for the first half of the year and will not distribute interim dividends.
Golden Finance News | Chabaida (02555) announced the interim results for the six months ended June 30, 2024. During the period, the company's attributable profit to owners was 23.7 billion yuan, a decrease of 59.7% year-on-year; basic earnings per share were 0.178 yuan, a decrease of 67.58% year-on-year. No interim dividends will be distributed. During the period, the group's revenue was 239.6 billion yuan, a decrease of 9.95% year-on-year. Among them, revenue from sales of goods and equipment was 227.1 billion yuan, a decrease of 10%; revenue from franchise and royalty fees was 98.278 million yuan, an increase of 5.8% year-on-year; other income was 27.035 million yuan, an increase year-on-year.
ChaBaiDao (02555.HK) interim report: net income after adjustment is 0.395 billion, with the total number of stores increasing to 8385.
On August 26, Cha Baidao (02555.HK) released its first post-listing performance. The financial report shows that the company achieved revenue of 2.396 billion yuan in the first half of 2024, with a net income of 0.395 billion yuan after adjustment. In the first half of the year, Cha Baidao aimed at common development, increasing policy support for franchisees. Benefiting from effective market franchise strategies, as of June 30, 2024, Cha Baidao's nationwide stores increased to 8385, a growth of about 20% compared to the same period last year. The financial report shows that Cha Baidao has nearly 3.9 billion RMB in cash, bank financial management, deposits, etc. Sufficient cash reserves give Cha Baidao the confidence to expand.
Express News | Sichuan Baicha Baidao Industrial - Hy Profit Attributable RMB237 Mln
Express News | Sichuan Baicha Baidao Industrial - First Half Revenue of RMB2,395.8 Mln
CHABAIDAO: INTERIM RESULTS ANNOUNCEMENT FORTHE SIX MONTHS ENDED 30 JUNE 2024
Chatime (02555) has been included in the Hang Seng Composite Midcap Index and is expected to become a target for Hong Kong stock connect.
On August 16, the Hang Seng Index Company announced the latest quarterly inspection results, among which Chabaida (02555) was included in the Hang Seng Composite MidCap Index. The change will be implemented after the market close on September 6, 2024 (Friday) and will take effect from September 9, 2024 (Monday).
CHABAIDAO: DATE OF BOARD MEETING
Sichuan Baicha Baidao Industrial Expects At Most 63% Lower Profit in H1
Yingjing stock: Chatime (02555) fell by 9.6%, with a expected net profit decline of no more than 63.03% in the first half of the year.
Jinwu Financial News | Following the profit warning, the stock price of Chabadao (02555) has fallen. As of the time of writing, it has fallen 9.6% to HKD 6.5, with a turnover of HKD 0.252 million. The company issued a profit warning, expecting a net income between approximately RMB 0.22 billion and 0.25 billion for the six months ending on June 30, a year-on-year decrease of no more than 63.03%. The expected adjusted net income is between approximately RMB 0.38 billion and 0.41 billion, a year-on-year decrease of no more than 36.45%. This is mainly due to the impact caused by changes in consumer habits affected by external environmental changes in the first half of the year, the company has increased its policy support for franchisees, and sold products to them.
Sichuan Baicha Baidao Industrial 1H 2023 Net Was CNY595.0M
Sichuan Baicha Baidao Industrial: Higher Discounts Offered to Products, Increase in Costs Hurt Results
Sichuan Baicha Baidao Industrial Expects 1H Profit to Fall Substantially
Express News | Sichuan Baicha Baidao Industrial Sees Net Profit Within Range From RMB220 Mln to RMB250 Mln in First Half
Express News | Sichuan Baicha Baidao Industrial Sees Adjusted Net Profit From RMB380 Mln to RMB410 Mln in Hy
CHABAIDAO: PROFIT WARNING
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