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China Star Food - The Strong Uptrend building

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Goodgoing
    04-Jun-2024 10:02  
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Ssh still have ton of share to dump,queue 0.014 better.

sklong138      ( Date: 04-Jun-2024 10:00) Posted:

Managed to eat a bit more at 0.017 yummy 
.

 
 
sklong138
    04-Jun-2024 10:00  
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Managed to eat a bit more at 0.017 yummy 
.
 
 
sklong138
    03-Jun-2024 17:27  
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sklong138
    03-Jun-2024 11:38  
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NOT SURE WHETHER SSH SELL LOW TO ME.  WAIT UNTIL MY NECK LONG LONG LIAO LIKE GIRRAFFE?

Goodgoing      ( Date: 03-Jun-2024 11:35) Posted:

Ssh wait for buy queue up then one time dump. So if want to buy more,queue low. Sometimes they just dun want share,want money. Same like that day,throw down to 0.014.

sklong138      ( Date: 03-Jun-2024 09:53) Posted:

Noted. 0.018 is a bit yummy.  Let me eat a bit first.


 
 
Goodgoing
    03-Jun-2024 11:35  
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Ssh wait for buy queue up then one time dump. So if want to buy more,queue low. Sometimes they just dun want share,want money. Same like that day,throw down to 0.014.

sklong138      ( Date: 03-Jun-2024 09:53) Posted:

Noted. 0.018 is a bit yummy.  Let me eat a bit first.

Goodgoing      ( Date: 03-Jun-2024 09:30) Posted:

Wait for ssh dump off,then will start engine. Queue low and grab more. Dun buy up lo


 
 
sklong138
    03-Jun-2024 09:53  
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Noted. 0.018 is a bit yummy.  Let me eat a bit first.

Goodgoing      ( Date: 03-Jun-2024 09:30) Posted:

Wait for ssh dump off,then will start engine. Queue low and grab more. Dun buy up lo.

sklong138      ( Date: 03-Jun-2024 09:16) Posted:

ONE MOUTH 


 

 
Goodgoing
    03-Jun-2024 09:30  
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Wait for ssh dump off,then will start engine. Queue low and grab more. Dun buy up lo.

sklong138      ( Date: 03-Jun-2024 09:16) Posted:

ONE MOUTH 

 
 
sklong138
    03-Jun-2024 09:16  
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ONE MOUTH 
 
 
Goodgoing
    02-Jun-2024 16:16  
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No wonder morning push up above 0.02 then suddenly sell down to 0.014, if not ssh sell down,should reach 0.03 liao. More to come.

lunasea89      ( Date: 01-Jun-2024 02:12) Posted:

Prob sold his 30mil shares to pay for his subscription of his 19mil rights plus excess But if he doesn't take up the rights then not so good Let's see what happens after the subscription

piscesmonkey      ( Date: 31-May-2024 19:03) Posted:

Yesterday SSH sold off 30m shares. That why chiong down to 14.


 
 
Joelton
    01-Jun-2024 18:11  
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Zixin Group reverses into black for FY2024 with net profit of RMB13.4 mil
Catalist-listed Zixin Group Holdings 42W -5.56% reverses into black for the FY2024 ended Mar 31, with a net profit of RMB13.4 million ($2.55 million). 
 
The manufacturer of sweet potato food products attributes this to the increase in volume of fresh and processed sweet potato products produced and sold, due to improved economies of scale, maintaining average selling prices for its high-quality fresh and processed sweet potato products, and China&rsquo s gradual economic recovery post-Covid-19.
 
The group revenue saw a 45% y-o-y increase for the full year of RMB318.4 million, up from RMB219.6 million in the same period a year before. 
 
Zixin&rsquo s gross profit for the FY2024 came in at RMB101.9 million, and gross profit margin increased to 32%. 
 
The company&rsquo s interest income decreased by 22.1% y-o-y to RMB0.7 million in FY2024, due to lower interest income on lower average cash and bank balances with the banks.
 
Its other income increased 54.1% y-o-y to RMB1 million for the full year, due to sales of excess in-house cultivated sweet potato seedlings and subsidies received from e-commerce platforms. 
 
Marketing and distribution costs increased 11.7% y-o-y to RMB34.4 million due to higher delivery charges, publicity expenses, and operating expenses, which was partially offset by lower advertisement expenses.
 
For the full year, administrative expenses and other operating expenses also increased 19% y-o-y and 97.9% y-o-y to RMB42.5 million and RMB0.4 million respectively. 
 
Elsewhere, losses increased to 53.6% y-o-y to RMB2.5 million for the full year due to increase in property, plant and equipment written-off and donations made in FY2024. 
 
The group maintained a net cash position of RMB97.7 million and recorded positive working capital of RMB183.1 million as at Mar 31. 
 
The company is planning to raise funds for expansions into high-tech manufacturing, enhance the group&rsquo s research capabilities, and increase the size of contracted farmland for sweet potato cultivation and supplies of fresh sweet potatoes in China, as well as working capital for the group&rsquo s activities and expansion of business and operations in Singapore.
 
Funds would be raised through the rights-cum-warrants issue of up to 144,481,810 rights shares at the issue price of 1.65 cents per rights share, with up to 577,927,240 warrants.
 
Zixin expects to raise net proceeds of up to $2.1 million from the rights issue and additional gross proceeds of $26.0 million if the warrants are fully exercised.
 

 
lunasea89
    01-Jun-2024 02:12  
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Prob sold his 30mil shares to pay for his subscription of his 19mil rights plus excess But if he doesn't take up the rights then not so good Let's see what happens after the subscription

piscesmonkey      ( Date: 31-May-2024 19:03) Posted:

Yesterday SSH sold off 30m shares. That why chiong down to 14.

 
 
piscesmonkey
    31-May-2024 19:27  
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Ya he will be sad haha

sklong138      ( Date: 31-May-2024 19:23) Posted:

I hope this SSH don' t behave like Medtecs International Corporation (Medtecs) deputy executive chairman Xia Junwei who disposed off all of his 81,862,275 shares for a consideration of S$10,758,275 at an average price of S$0.1214 per share in 2020.  After his disposal of his shares, Medtecs share price gone up as high as $1.97. Haha...
 

 
 
sklong138
    31-May-2024 19:23  
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I hope this SSH don' t behave like Medtecs International Corporation (Medtecs) deputy executive chairman Xia Junwei who disposed off all of his 81,862,275 shares for a consideration of S$10,758,275 at an average price of S$0.1214 per share in 2020.  After his disposal of his shares, Medtecs share price gone up as high as $1.97. Haha...
 
 
 
piscesmonkey
    31-May-2024 19:10  
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Fasten seat belt SSH still have 160m shares to sell???

piscesmonkey      ( Date: 31-May-2024 19:03) Posted:

Yesterday SSH sold off 30m shares. That why chiong down to 14.

 
 
piscesmonkey
    31-May-2024 19:03  
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Yesterday SSH sold off 30m shares. That why chiong down to 14.
 

 
sklong138
    31-May-2024 17:36  
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GOOD , SHARE PRICE HAS STABILIZED.  MOVING FORWARD, THE SHARE PRICE WILL ONLY BE TRENDING UP BASED ON THE COMPANY' S STERLING RESULTS THAT WAS ANNOUNCED LAST NIGHT.    BUT IT MAY TAKE TIME.  BE PATIENT. HUAT ARH..
 
 
 
piscesmonkey
    31-May-2024 11:43  
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Lets see china gov will take any action to buyout zixin to private? NAV sgd 0.084 now
 
 
piscesmonkey
    31-May-2024 11:00  
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Goodgoing
    31-May-2024 10:58  
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What was the purpose of yesterday' s pull up and push down? Such a good company, making food, with increasing profits, but no one wants to buy it? Has the boss ever thought about privatization? Haha
 
 
piscesmonkey
    31-May-2024 10:41  
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Wait for China gov to push up high.

piscesmonkey      ( Date: 09-May-2024 15:52) Posted:

Successful, Zixin would be on a clear path to profitability growth. That why annouce FY24 net profits 👍


 
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