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Gui Faxiang: Report for the third quarter of 2024
Tianjin Guifaxiang 18th Street Mahua Food (002820): Performance pressured in Q2, continues to build brand momentum.
On August 8, 2024, Tianjin Guifaxiang 18th Street Mahua Food released its 2024 interim report. Investment Highlights: External demand remains sluggish, and market promotion efforts continue to strengthen. The company achieved a revenue of 0.268 billion yuan in 2024H1 (an increase of 3% from the same period last year).
Tianjin Guifaxiang 18th Street Mahua Food: Summary of Half-Year Report in 2024.
Tianjin Guifaxiang 18th Street Mahua Food: Half-year report for the year 2024.
Tianjin Guifaxiang (002820.SZ): mainly produces and sells products under its own brand.
On August 8th, Gelunhui reported that Tianjin Guifaxiang (002820.SZ) stated on the investor interaction platform that the company mainly focuses on the production and sales of own-brand products, while actively engaging in flexible and diverse business collaborations such as brand cooperation.
Tianjin Guifaxiang 18th Street Mahua Food (002820.SZ): net income was 22.7196 million yuan in the first half of the year, a year-on-year decrease of 43.39%.
On August 8th, Gelonhui reported that during the first half of 2024, facing a complex environment of insufficient effective demand and weakened recovery momentum in the consumer market, Guifaxiang (002820.SZ) maintained the business philosophy of "firmly adhering to the main business, adhering to innovation", continued to enrich its product matrix, made breakthroughs in the e-commerce platform business, and achieved a total revenue of 0.268 billion yuan, a good performance compared with the market recovery last year, with a year-on-year growth of 2.87%. At the same time, to consolidate the development foundation for the next national layout, it is driving innovation through direct sales channels to explore new formats and store types, continuously expanding the distribution channels in blank markets, and tightly grasping brand marketing.
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