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Jinjian cereals industry (600127.SH): supplying rice to Pindonglai supermarket through dealers.
On July 11th, Gelunhui reported that an investor asked Jinjian Cereals Industry (600127.SH) on the investor communication platform, "Does your company supply rice and oil to Pangdonglai Supermarket?" The company replied that it supplies rice to Pangdonglai Supermarket through dealers.
Jinjian Cereals Industry (600127.SH): plans to entrust the management of some equity assets of indirect controlling shareholders and related parties.
On June 28th, Gelunhui announced that in order to solve the problem of industry competition, Jinjian Cereals Industry (600127.SH) plans to take over the 100% equity of Hunan Province Edible Oil Holding Group Co., Ltd. (referred to as "Hunan Edible Oil Group"), a wholly-owned subsidiary of Hunan Province Modern Agriculture Industry Holding Group Co., Ltd. (referred to as "Modern Agriculture Group"), indirectly controlled by the entrusted management company Hunan Agricultural Development Investment Group Co., Ltd. (referred to as "Hunan Agricultural Group"), and signed a trust agreement with Modern Agriculture Group regarding this matter.
Jinjian Cereals Industry (600127.SH): The company has not yet started liquor production operation business.
Jinjian Cereals Industry (600127.SH) recently stated at the 2023 and Q1 2024 performance briefing that the company has not yet engaged in liquor production and operation business. Currently, the company focuses on the development, production, and sales of high-quality grain and oil, new healthy food products, and is mainly involved in the rice, flour, oil, milk, snack food, agricultural products trading and other industries. The main products include rice, flour, noodles, plant oil and milk.
Jinjian Cereals Industry (600127.SH) will continue to deepen its presence on community group buying platforms such as Xingsheng Youxuan, Meituan Youxuan, Duoduo Maicai, and Taocai Cai by 2024.
Jinjian Cereals Industry (600127.SH) recently stated at the 2023 annual performance and 2024 Q1 results briefing that, while consolidating traditional channels, the company will focus on the development of new retail platforms and channels such as community group buying and private domains. The company will utilize new marketing methods such as short videos and experiential marketing to drive breakthroughs in sales of emerging channels. In 2024, the company will continue to deepen its partnership with community group buying platforms such as Xingsheng Youxuan, Meituan Youxuan, Duoduomai and Taocaicai, actively expand online supermarkets, discount stores and other channels, and look for new growth opportunities in online channels.
Jinjian Cereals IndustryLtd's (SHSE:600127) Solid Earnings May Rest On Weak Foundations
Jinjian Rice Industry (600127.SH): Net profit of 1,9373 million yuan in the first quarter decreased by 80.47% year on year
Gelonghui, April 29丨Jin Jian Rice Industry (600127.SH) released its report for the first quarter of 2024, achieving operating income of 836 million yuan, a year-on-year decrease of 28.41%; net profit attributable to shareholders of listed companies was 1.9373 million yuan, a year-on-year decrease of 80.47%; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 1,259,900 yuan, a year-on-year decrease of 73.79%; and basic earnings per share were 0.003 yuan.
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