The official investigation results of the "bestore co.,ltd. fake sales incident" have been released! Related products have been re-listed.
① According to the official announcement, bestore co.,ltd. did not find cassava components in the lotus root powder and raw materials, and the spicy sour noodles detected sweet potato components; the counterfeit blogger's report is unfounded. At the same time, bestore co.,ltd. has secured evidence and filed a lawsuit, stating that the actions of the informant have severely damaged its reputation and business, and legal responsibility will be pursued. ② Currently, the relevant involved products have been re-listed.
Bestore Co.,Ltd. urgently clarified the "falsification of ingredient list"! Law enforcement agencies have intervened and thoroughly investigated the outsourcing factories behind the scenes.
①Bestore co.,ltd. officially announced that, after preliminary investigation, the relevant products have passed all indicators in multiple batches of inspections conducted by our company and the manufacturer this year. ②Currently, Bestore co.,ltd. is still in the price transformation and adjustment stage, and as time goes by, the pressure faced by the company is increasing.
Yonghui Superstores' performance is under pressure in the first three quarters, planning to adjust and transform more than 40 stores before the Spring Festival. | Interpretations
① Yonghui Superstores achieved operating revenue of 54.549 billion yuan in the first three quarters, a year-on-year decrease of 12.14%; realized a net income attributable to the mother of -77.8657 million yuan, a decrease of 0.13 billion yuan from the same period last year. ② Yonghui Superstores revealed that by the Spring Festival, the number of renovated and relocated stores nationwide will reach approximately 40-50, adding multiple cities such as Shanghai, Lanzhou, Tianjin, Chongqing, Shenyang, and Shenzhen.
The consumer industry has entered the era of consolidation and mergers! After Ye Guofu acquired Yonghui Superstores, Zhang Liaoyuan also made a move.
①Some investors have stated that from 2024 to 2030, China will usher in an era of consolidation and mergers in the consumer industry, with continued room for capitalization. ②The analysis report points out that in 2023, M&A transactions by enterprises were relatively active, with the proportion of M&A transactions in the Chinese consumer industry being the highest in nearly three years.
Net profit for the first three quarters exceeded the full year of last year. Jinzai Food Group is expected to launch new products, crispy quail eggs, in Q4 | Financial Report Analysis
①Jinzai Food Group achieved revenue of 1.772 billion yuan in the first three quarters, a year-on-year increase of 18.65%; net income attributable to the parent company was 0.215 billion yuan, a year-on-year increase of 61.2%, exceeding the full year of last year. ②Regarding the year-on-year increase in promotional expenses, Jinzai Food Group stated that in the first half of the year, the company accelerated the pace of market expense allocation based on operational strategy, and the pace will relatively slow down in the second half of the year, expecting no significant increase in overall sales expense ratio for the whole year.
The expansion pace of the stores has slowed down. zhejiang yiming food's number of stores decreased by 56 in the first three quarters. | interpretations
1. Zhejiang Yiming Food had 2,002 operating stores in Q3, compared to 2,058 at the beginning of the period, with stores mainly located in the East China region. 2. The number of direct-operated and franchised stores fluctuated. In Q3, the gross margin of direct-operated stores was 54.5%, while the gross margin of franchised stores was 21.14%. 3. The company's revenue increased by 5.39% year-on-year in the first three quarters, and net income increased by 4.13% year-on-year.
MyWorld : Good Divide is the main reason I buy Wilmar.
ValueBull OP MyWorld : this dividend is conservative as borrowing cost is likely to decline going forward from rate cuts and China low interest rate environment
Trader No 103796387 : It’s not a double bottom forming, rather a descending triangle, if you use a higher time frame. The higher time frame is always a stronger indicator than shorter time frame.