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Qianhe Condiment and Food (603027): Increased competition combined with proactive adjustments leading to expanded decrease in revenue and profit.
Qianhe Condiment and Food released its 2024 third quarter report. The company's total operating income for 2024 Q1-3 was 2.288 billion yuan (-1.85% year-on-year); net income attributable to the parent company was 0.352 billion yuan (-9.19% year-on-year), excluding non-recurring items.
qianhe condiment and food (300755): Revenue and profit in the third quarter are slightly under pressure.
Event: The company released the third quarter report for 2024, with revenue of 2.29 billion yuan in the first three quarters of 2024, a year-on-year decrease of 1.9%. Net income attributable to the parent company was 0.35 billion yuan, a year-on-year decrease of 9.2%, and the net income attributable to shareholders after deducting non-recurring gains and losses was 3 billion yuan.
Qianhe Condiment and Food (603027): Performance lower than expected, expecting a rebound from the bottom.
Executive summary: Weak demand led to temporary performance pressure. In the medium to long term, with product optimization and channel expansion, the company is expected to regain growth. Investment highlights: Maintaining a "shareholding" rating. Considering the sustained weakness in demand, the company's 202X
Qianhe Condiment and Food Co., Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Qianhe Condiment and Food (603027): Operations under pressure continue, waiting quietly for the effects of adjustment to appear.
Event: The company released its Q3 report for 2024, achieving revenue of 2.288 billion yuan in the first three quarters, a year-on-year decrease of -1.85%; achieving net income attributable to equity holders of 0.352 billion yuan, a year-on-year decrease of -9.19%; achieving non-GAAP net income 3.
CLSA Downgrades Qianhe Condiment and Food to Underperform From Hold; Price Target Is 9.70 Yuan
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