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Sichuan Teway Food Group (603317): Another acquisition, online efforts are expected to bear fruit.
Event: At the end of November 2024, Sichuan Teway Food Group acquired 63.84% of the shares of Jiadianziwei through its wholly-owned subsidiary Sichuan Ruisheng Investment Management Co., Ltd., becoming the largest shareholder. Jiadianziwei mainly focuses on the consumer end and emphasizes product innovation. 1)
Sichuan Teway Food Group Board Approves Establishment of Branch in China's Hangzhou
Sichuan teway food group (603317.SH): plans to establish a branch office in Hangzhou.
On December 3, Gelonghui reported that Sichuan Teway Food Group (603317.SH) announced that it will hold the 36th meeting of the fifth board of directors on December 3, 2024, to review and approve the proposal for the establishment of a branch in Hangzhou, with the proposed branch name: Sichuan Teway Food Group Co., Ltd. Hangzhou Branch. The establishment of this branch aims to achieve the company's overall development plan, optimize the global strategy, accelerate the upgrade of the marketing services network, continue to improve the company's marketing services network structure, create diversified consumption and service scenarios that are closer to customers, and further enhance the company's overall competitiveness.
tianfeng: csi sws food & beverage index Q3 revenue growth accelerates compared to previous quarter, profit elasticity may be released.
Tianfeng Securities released research reports stating that overall, the csi sws food & beverage index had a steady growth in performance in Q3 24, with accelerated growth compared to the previous quarter, and continuous release of profit elasticity.
Sichuan Teway Food Group (603317): Steady performance growth, striving to achieve stock-based incentive goals.
Event: In Q3 of 24, the company achieved revenue of 2.364 billion yuan, a year-on-year increase of 5.84%; achieved a net income attributable to the parent company of 0.432 billion yuan, a year-on-year increase of 34.96%. In Q3 of 24, the company achieved revenue of 0.897 billion yuan,
Soochow Securities: The inflection point of social zero dining profits in 2024Q3 leads the way, with improvements in demand for condiments and dairy products on the horizon.
In July-September 2024, the growth rate of dining revenue in social retail continued to slow down compared to Q2 2024. In September, the year-on-year growth rates of dining in social retail and dining above designated size were +3.1% and +0.7%, respectively.
