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Wanchen Group (300972): Expanding territory through acquisitions, increasing profits by acquiring minority stakes.
On October 28, 2024, Wanchen Group released the third quarter report of 2024. The investment highlights include a significant increase in revenue on a quarter-on-quarter basis, and the acquisition of minority interests has increased the company's profits. The company achieved a revenue of 20.613 billion in 2024Q1-Q3.
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.
Wanchen Group (300972): Accelerated store expansion, high revenue growth, continuous profit realization.
In Q3 2024, the company's revenue was 9.7 billion yuan, +261% year-on-year, +59% quarter-on-quarter, net profit was 0.2 billion yuan, -0.08 billion compared to the same period last year, and net profit attributable to equity holders was 0.08 billion yuan, compared to -0.05 billion in the same period last year. Among them, revenue from bulk snacks
Wanchen Group (300972): Established Industry Position, Accelerating Expansion.
Event: The company released the 24Q3 performance report, with revenue of 9.698 billion yuan in 24Q3, a year-on-year increase of +261%, and achieving a net income attributable to the parent company of 0.083 billion yuan, turning positive. Comments: The industry landscape is stable,
A-share abnormal movement | Wancheng Group hits the daily limit to a new high, with a year-on-year net income surge of over 248% in the first three quarters.
On October 29, Gelunhui｜Wanchen Group (300972.SZ) hit the 20cm limit up, closing at 69.48 yuan, reaching a historical high, with a total market value of 12.47 billion yuan. The stock has risen by approximately 70% this month. On the news front, Wanchen Group announced that in the first three quarters of 2024, the company achieved revenue of 20.613 billion yuan, a year-on-year increase of 320.63%; net income attributable to shareholders of the listed company was 84.0652 million yuan, a year-on-year increase of 248.64%; net income after deducting non-recurring gains and losses was 76.3791 million yuan, a year-on-year increase of 221.48%; basic earnings per share 0.
Wanchen Group: Report for the third quarter of 2024
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