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Soochow Securities: Snacks lead the way in the comprehensive food sector in Q3 2024, with leading resilience.
In the third quarter, consumer spending is generally under pressure, with still weak demand in the downstream dining industry, intensified price competition, and pressure transmitting to the midstream dining supply chain track. Leading dining supply chain companies' revenue and profit performance are under pressure, but still showing resilience.
Anjoy Foods Group (603345): Short-term expenses drag down profits, focus on Spring Festival stockpiling drive.
On October 28, 2024, anjoy foods group released the third quarter report for 2024. Key investment points include steady growth in main business revenue, with short-term expenses dragging down profits. The company achieved revenue of 11.077 billion yuan in 2024 Q1-Q3.
Anjoy Foods Group (603345): Q3 performance under pressure, waiting for the peak season for business to pick up
Event Overview: Company Q1-Q3 achieved revenue of 11.077 billion yuan, a year-on-year increase of 7.84%; net income attributable to equity holders was 1.047 billion yuan, a year-on-year decrease of 6.65%. In 24Q3, the company achieved revenue of 35 billion yuan.
Anjoy Foods Group (603345): Increase competitiveness and short-term profit fluctuations.
Summary: In Q3 24, the company's revenue continued to grow steadily, with fluctuations in profitability due to increased equity compensation expenses and intensified promotions. In the medium to long term, the company's leading advantages remain strong, and it is expected to squeeze competitors to achieve performance growth. Investment Highlights:
Anjoy Foods Group (603345): New retail high growth, frozen dishes performing well.
Announcement of the company's 2024 third quarter report. In 2024 Q1-3, the company achieved a total revenue of 11.077 billion yuan, +7.84% year-on-year, net profit attributable to mother of 1.047 billion yuan, -6.65% year-on-year, non-net profit attributable to mother of 1.
anjoy foods group (603345): Despite disturbances on the demand side, the main business still shows resilience.
Subject: The company released the third quarterly report of 2024, achieving revenue of 11.077 billion yuan in 24Q1-Q3, a year-on-year increase of 7.84%; net income attributable to mother of 1.047 billion yuan, a year-on-year decrease of 6.65%; achieving non-net profit attributable to mother 1
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