tongqinglou catering corporation (605108): 3Q24 revenue decreased by 1.2%, business format gradually improved, focusing on the turning point of performance.

Investment Highlights: tongqinglou catering corporation released the third quarter report of 2024 on October 26th. In 3Q24, the revenue was 0.594 billion yuan, a decrease of 1.23% year-on-year; the net income attributable to the parent company was 2.4486 million yuan, a decrease of 95.7% year-on-year.

haitong secOct 30 13:21

Tongqinglou catering corporation (605108): Accelerating business expansion increases expense input, waiting for the business to climb the hill quietly to release profit elasticity.

Event: The company released its third-quarter report for 2024, with a revenue of 1.865 billion yuan in 2024 Q1-Q3, a year-on-year increase of +10.81%, and a net income attributable to the parent company of 0.083 billion yuan, a year-on-year decrease of -58.92%.

Huafu SecuritiesOct 30 07:26

tongqinglou (605108): Focus on balancing scale and efficiency in the capital expenditure cycle.

Introduction to this report: The lower-than-expected profit is mainly due to weak dining and banquet demand + the impact of the capital expenditure cycle. It is expected that the plan to open 10 Richmax stores within the year remains unchanged, and with the expansion of new stores in 2025, profitability is expected to gradually improve. Investment Highlights: Investment construction

gtjaOct 29 15:21

tongqinglou catering corporation (605108): New store uphill and interest expenses drag down short-term profits. Pay attention to 25-year demand recovery.

The company's performance in Q3 2024 is slightly below our expectations. The company announced the financial results for Q1-Q3 2024: 1) Financials: Revenue of approximately 1.865 billion yuan, a year-on-year increase of 10.8%; net income attributable to shareholders of approximately 83.4 million yuan, a year-on-year decrease of 58.

china international capital corporationOct 29 15:16

tongqinglou catering corporation (605108): Short-term direct operation model under pressure, tracking demand turning warm signal

In 2024, the company's single third quarter revenue decreased by 1.23%, with slight pressure on profit. In 2024Q3, the company achieved revenue of 0.59 billion yuan/-1.23%, net income attributable to shareholders of 0.002 billion yuan/-95.74%, non-net income.

guosenOct 29 14:36

tongqinglou catering corporation (605108): Performance under pressure during the strategic investment period, focusing on the release of performance in 2025.

The company released its third quarter report for 2024. In the first three quarters, the company achieved revenues of 1.87 billion yuan, a year-on-year growth of 10.8%, net income attributable to shareholders was 0.08 billion yuan, a year-on-year decrease of 58.9%, and non-net income attributable to shareholders was 0.

guolian securitiesOct 28 12:57