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Huali Group (300979.SZ): Currently, the new factories in Indonesia are still in the early stages of production, and none of the new factories have achieved profitability.
On November 6, Geelong Hui | Huali Group (300979.SZ) accepted a specific research on November 5, 2024, regarding the difference in profit margin between the future Indonesian factory and the Vietnamese factory. The company stated that the new factory in Indonesia is still in the initial stage of production, and none of the new factories have been profitable yet. The management team of the Indonesian factory is an experienced team of the company, and the current production progress and early operational situation are in line with the company's expectations. In terms of quotes, according to the quoting rules, the quotes provided by the company to customers are often based on the principle of localization (quoting based on local cost efficiency), and it is expected that the Indonesian factory will mature in operation.
Minsheng Securities: In 24Q3, the commercial retail industry in the consumer sector was affected by demand-side pressure, leading to a slowdown in revenue and profit growth across multiple sectors.
The total retail sales of 24 companies in Q1-Q3 reached 35.36 trillion yuan, with a year-on-year growth of +3.35%. The total retail sales of a single company in Q3 reached 11.76 trillion yuan, with a year-on-year growth of +2.69%, showing a slower growth rate compared to the previous quarter.
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