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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
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