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get ready to short , king of shorties is here
noobnub ( Date: 06-Feb-2024 09:25) Posted:
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all waiting for you guys to force sell durians hahaha
Q for 24
25 also good
Johnsnow ( Date: 05-Feb-2024 12:54) Posted:
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Chiong lar 26 coming
Johnsnow ( Date: 05-Feb-2024 12:00) Posted:
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2nd half going to start
Eat 25 lar chiong lar
Jump.to me I at 24 waiting
Buy call faster grab this cheap stock
Last 20 days only 99 lots done. So far volume 1.1 mil.
Just need 300K shorts to cover back will hit $0.028
Just need 300K shorts to cover back will hit $0.028
ThroneKingdom ( Date: 05-Feb-2024 10:57) Posted:
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Collecting 23 and 24
Faster buy 24 going up
faster q 23
ThroneKingdom ( Date: 05-Feb-2024 11:00) Posted:
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go to 50 will be swee swee
Lai liao, later will chiong up buy before it go up
SmallSmall ( Date: 05-Feb 10:57) Posted:
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Jump in profits. Just know cannot short....may get fried
trader1970 ( Date: 05-Feb-2024 09:18) Posted:
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Will play up like Aspen? seems like active ........:)
Zhongxin Fruit posts 73.7% earnings improvement to RMB2.9 mil in 1HFY2024
Zhongxin Fruit 5has posted earnings of RMB2.9 million ($4.5 million) for its 1HFY2024 ended Dec 31, 2023, a 73.7% improvement from the RMB1.7 million reported in the same period last year.
For the half-year period, earnings per share (EPS) also improved to RMB0.27 compared to RMB0.16 in 1HFY2023.
The company recorded higher revenue of RMB58.4 million in 1HFY2024, up 10.8% y-o-y compared to its 1HFY2023 revenue of RMB52.8 million. Its cost of sales also increased 18.9% y-o-y to RMB47.7 million in 1HFY2024.
Zhongxin Fruit recorded lower gross profit margin of 18.4% in 1HFY2024 compared to 24.0% in 1HFY2023 mainly due to higher procurement and production costs. This resulted in gross profit decreasing from approximately RMB12.6 million in 1HFY2023 to RMB10.7 million in 1HFY2024.
As at Dec 31, 2023, cash and cash equivalents stood at RMB2.8 million.
While the company continued to be profitable in 1HFY2024, it says sustaining the performance of the business remains challenging in the mid to long-term due to market demand fluctuations and unpredictable harvesting conditions.
Zhongxin Fruit earnings slump to RMB5.97 mil, down 87.4% for FY2023
Zhongxin Fruit 5EG 0.00% has posted earnings of RMB5.97 million ($1.11 million) for its FY2023 ended June 30, a 87.4% decline y-o-y from the RMB47.40 million reported in FY2022 due to a challenging operational environment and higher other operating income in the previous financial year.
Earnings per share (EPS) for FY2023 stood at RMB0.57, down from RMB4.49 in FY2022.
The company recorded lower revenue of RMB114.5 million in FY2023, down 19.3% y-o-y compared to its revenue of RMB141.9 million. Zhongxin Fruit&rsquo s cost of sales also decreased 13.2% to RMB90.53 million in FY2023.
In its filing, the company says some major apple producing areas in China suffered a heatwave in FY2023, greatly reducing the harvest of apples and resulting in a shortage of quality raw materials and higher procurement costs as compared to FY2022. After consideration, its subsidiary Yuncheng Zhongxin decided to reduce the level of production in FY2023.
On the back of the lower revenue, gross profit also decreased by 36.0% to RMB24.0 million for the financial year just ended. The relatively higher cost of sales, contributed by the higher cost of raw materials outweighed the increase in average selling price of the concentrated fruit juices, resulted in the company recording a lower gross profit margin of 21% in FY2023 as compared to 26% in FY2022.
The earnings slump is also attributed to the 85.6% y-o-y decrease of other operating income to RMB4.49 million compared to FY2022, in which Zhongxin Fruit was the recipient of a settlement payment of RMB27.5 million from Sanmenxia Tianyu Investment in relation to a successful indemnity claim.
In its outlook, Zhongxin Fruit says that while it continued to be profitable in FY2023, sustaining the performance of its business remains challenging in the mid- to long-term, with market demand fluctuating and harvesting conditions remaining unpredictable.
Meanwhile, headwinds such as competition, cost pressures brought about by escalating logistical and shipping costs, inflation, rising interest rates, as well as the evolving geopolitical and trade conflicts will continue to present volatility in the economy and drive the company&rsquo s operating costs higher.
50 otottrader1970 ( Date: 16-Nov-2022 14:22) Posted:
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