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.

Zhitong FinanceJul 15 22:51 ET

OCEAN ONE HLDG: ANNUAL REPORT 2024

Hong Kong Stock ExchangeJun 21 04:42 ET · Announcements

Ocean One Hldg (08476) announced its annual performance, with a net profit attributable to shareholders of HKD 40.766 million, a decrease of 18.72% year-on-year, and a proposed final dividend of 4 HK cents per share.

Ocean One Hldg (08476) announced its annual results for the year ended March 31, 2024. The group achieved HKD 459 million in the period, a decrease of 1.85% year-on-year; Shareholders' net profit amounted to HKD 40.766 million, a decrease of 18.72% year-on-year; Basic earnings per share were 14.6 HK cents; A final dividend of 4 HK cents per share is proposed to be distributed. The announcement stated that the decrease in revenue was mainly due to the decrease in sales of various products such as Japanese sashimi scallops, oil-hemp fish fillets, Canadian snow crab claws, flying fish roe, and soy-sauce marinated salmon roe.

Zhitong FinanceJun 18 08:51 ET

Express News | Ocean One Holding FY Revenue HKD 458.7 Million

ReutersJun 18 08:45 ET

Express News | Ocean One Holding FY Net Income HKD 40.8 Million

ReutersJun 18 08:45 ET

Express News | Ocean One Holding FY Gross Margin 14.5%

ReutersJun 18 08:45 ET