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Vats Liquor Chain Store Management Joint Stock (300755) 2024 Third Quarter Report Review: Deepening Product Layout with Long-Term Development in Mind
Event company announcement of the third quarter report of 2024. In the first three quarters of 2024, the company achieved total revenue of 7.832 billion yuan (-5.10%), net profit attributable to the parent company of 0.168 billion yuan (-27.36%), non-net profit attributable to the parent company 1.
Vats liquor chain store management joint stock (300755): Continuously controlling costs, performance under pressure
Event: On October 28th, the company released the third quarter report for 2024, achieving revenue of 7.832 billion yuan in 2024Q1-3, a year-on-year decrease of -5.10%, and a net income attributable to the mother of 0.168 billion yuan, a year-on-year decrease of -27.36%.
In the midst of another deep adjustment period in the industry, how does vats liquor chain store management joint stock adhere to and innovate?
"Investor Network" Zhang Jingyi, in the third quarter of 2024, the macroeconomic growth has slowed down, the consumption demand in the liquor market has weakened, the traditional peak seasons of Mid-Autumn Festival and National Day have not shown significant improvement, the baijiu market as a whole is facing problems of increased inventory, price inversion, and shrinking sales volume, and companies are facing a more severe external environment. In the face of such a market environment, companies should stick to product quality more and actively seek innovative development paths to adapt to market changes and challenges. During this downward cycle, vats liquor chain store management joint stock, while focusing on stable cooperation with well-known liquor enterprises and enriching diversified products, continues to enhance innovation capabilities and digitization.
Huazhi Liquor Company: Report for the third quarter of 2024
Express News | Vats liquor chain store management joint stock's performance declined further in the third quarter, mainly due to the unfavorable market conditions according to company officials.
Vats liquor chain store management joint stock Q3 net income year-on-year decline exceeded 80%, former general manager resigned and may be transferred to Jindong Group | interpretations
①In Q3, Vats Liquor Chain Store Management Joint Stock's net income decreased by 84.17% year-on-year, with a net profit of only about 12.67 million yuan; ②In Q3 of this year, the company's gross margin fell to 8.5%, the lowest level of gross margin since going public; ③Half a month ago, director and general manager Li Wei of Vats Liquor Chain Store Management Joint Stock resigned, expected to be transferred to Jin Dong Group; the son of the company's actual controller, Wu Qirong, took over the director position.
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