In the tenth year since listing, Foshan Haitian Flavouring and Food aims for globalization through the Hong Kong IPO.
The rumors have come true.
The compensation for the loss of related party transactions has not yet been received. ST Jia Jia's independent director sent a letter urging the quick reading of the announcement.
① Due to issues such as uncompensated losses from related party trades and inventory loss risks, ST Special Treat received a letter of supervision submitted by independent directors Yao Lushi and Tao Hao; ② In light of the internal control audit report for 2023 that issued a negative opinion, the two independent directors require ST Special Treat to conduct a comprehensive review and improvement of its internal control system.
Raw material costs decrease, chongqing fuling zhacai group Q3 performance improves, accounts receivable rise | interpretations
In the first three quarters of this year, chongqing fuling zhacai group achieved revenue of 1.962 billion yuan, a year-on-year increase of 0.56%; net income attributable to the parent company was 0.671 billion yuan, a year-on-year increase of 1.74%. In the third quarter, the company mainly used freshly acquired qingcai tou as the raw material for producing pickled vegetables, with prices slightly lower than last year. To increase market share, the company increased customer credit limits, resulting in an over 12-fold year-on-year increase in accounts receivable at the end of the period.
Stock price rose for four consecutive days. Lianhua Holdings' net profit for the first three quarters is expected to increase by over 60%. | Interpretations
1. Lotus Holdings announced today that the company's attributable net income for the first three quarters is expected to be 16 to 17 billion yuan, a year-on-year increase of over 60%; 2. Looking at the quarter by quarter performance, Lotus Holdings has maintained a growth in net income for four consecutive quarters. The net income for the third quarter of 2024 may reach a new high in quarterly profit in nearly three years; 3. Currently, condiments such as MSG and amino acid seasoning products are still the company's main business, while the computing power business is still in a loss-making phase.
Chongqing Fuling Zhacai Group's H1 revenue and net profit both declined, with accounts receivable surging 8 times compared to the previous year-end in a bid to grab market share. Interpretations of financial reports.
① In the first half of the year, chongqing fuling zhacai group's revenue and net income both decreased. ② In order to increase the market share of its products, the company provided moderate credit limits to major customers, resulting in a 837.72% increase in accounts receivable at the end of the period compared to the previous year. ③ The company optimized and adjusted its organizational structure to maximize efficiency.
Foshan Haitian Flavouring and Food's H1 performance growth rate basically meets the annual plan. The online growth rate is higher than the offline growth rate.|Interpretation of financial report
① "Sauce Maotai" Foshan Haitian Flavouring and Food is regaining growth. After experiencing a double decline in revenue and net profit last year, the company achieved double growth in performance in the first half of the year. ② According to interviews conducted by Cai Lianguo, online sales of condiments in the first half of the year may be better than the overall market. The condiment market is presenting structural opportunities, and the importance of the online market is increasing.