Vats liquor chain store management joint stock Q3 net income year-on-year decline exceeded 80%, former general manager resigned and may be transferred to Jindong Group | interpretations

①In Q3, Vats Liquor Chain Store Management Joint Stock's net income decreased by 84.17% year-on-year, with a net profit of only about 12.67 million yuan; ②In Q3 of this year, the company's gross margin fell to 8.5%, the lowest level of gross margin since going public; ③Half a month ago, director and general manager Li Wei of Vats Liquor Chain Store Management Joint Stock resigned, expected to be transferred to Jin Dong Group; the son of the company's actual controller, Wu Qirong, took over the director position.

cls.cnOct 28, 2024 08:23 ET

The stock price rose by more than 70%, but Mogao Group's restructuring plan failed. Haotian Technology's dream shattered for the second time. | Quick Read Announcement

1. Mogao Corporation announced the termination of the restructuring with Gansu Haotian Technology Co., Ltd. (referred to as "Haotian Technology"); 2. Mogao Corporation has accumulated a growth rate of over 70% in the past two months; 3. The performance of Mogao Corporation, which is planning to restructure, is not optimistic, and the risk of delisting still exists.

cls.cnOct 25, 2024 11:16 ET

The gross margin of the baijiu business has fallen to single digits. The net income of the vats liquor chain store management joint stock in Q2 is nearly halved compared to the same period last year. | Interpretations

①In Q2 of this year, vats liquor chain store management joint stock's net income attributable to the parent company was 25.2998 million yuan, a year-on-year decrease of 49.10%, with a non-GAAP net income of 9.8646 million yuan, a decrease of 77.15% year-on-year; ②In the first half of the year, the gross margin of baijiu business of vats liquor chain store management joint stock fell to 9.36%, the lowest level since listing; ③The sales proportion of Maotai, Wuliangye and other famous liquors has increased, leading to a decrease in the gross margin of some famous liquors, affecting the performance of vats liquor chain store management joint stock.

cls.cnAug 23, 2024 08:56 ET

The “Godfather of Liquor” received regulatory letters due to bailouts, putting pressure on both profits and cash on China's liquor banks

Wu Xiangdong, the “godfather of liquor,” who founded the Jin Liufu brand and owned two listed liquor companies, was warned by regulation. On July 24, the Shenzhen Stock Exchange issued a regulatory letter on Huazhi Liquor Bank (300755.SZ), the “first stock in alcohol circulation”. On March 9, 2020, Beijing Huazhi Chenxiang E-Commerce Co., Ltd. (“Huazhi Chen Xiang”), a subsidiary of Huazhi Liquor Company, purchased property from the related party, Xinhualian Holdings Co., Ltd. (“Xinhualian Holdings”). On the same day, Huazhi Chen Xiang signed a debt settlement agreement with Xinhualian Holdings and related party Huaze Group Co., Ltd. (“Huaze Group”). Submit the above two items

Wallstreet NewsJul 25, 2023 22:12 ET

Yiyatong: with the participation of well-known institutions Xingshi Investment, a total of 18 institutions investigated our company on September 10.

Yatong (002183) issued a notice on September 10, 2021: Guangfa Fund, Xingtai Fund, Guoxin Investment, Jiutai Fund, everyone Insurance Management, Jiahe Fund, Hetai Life Insurance, Xingshi Investment, Haitong International, Haitong, Zhejiang Merchant Securities, Yellow River property Insurance, Beixin Ruifeng Fund, Shenwan Capital Management, National Gold Fund, Chinese Merchants Fund, Beijing Junhe Taida Investment, Dongxing Securities investigated our company on September 10, 2021. The survey was hosted by Luo Xiaoxi, Senior Vice President and Chief Capital operating Officer, Kui Kuiping, Vice President of Liquor Company, and Xiang Yan, Deputy Director of Investor Relations. The main contents of this survey are as follows:

證券之星Sep 10, 2021 02:00 ET

Correction to Chinese-Owned Businesses in Australia Article

Dow Jones NewswiresJun 22, 2021 21:38 ET