Vats Liquor Chain Store Management Joint Stock: Q1 performance dropped over 30% year-on-year, contract liabilities have significantly contracted compared to the previous period | Interpretations
① After last year's net income sharply decreased by over 80%, Vats Liquor Chain Store Management Joint Stock experienced more than a 30% year-on-year decline in both revenue and net income in Q1 this year; ② In response to the weak market, Vats Liquor Chain Store Management Joint Stock stated that it will develop new products with better cost performance to enhance profitability; ③ Some investors frankly said, "The company's performance pressure and the dramatic drop in stock price have left many shareholders lacking confidence." Vats Liquor Chain Store Management Joint Stock responded that it will deepen business reform to improve operation efficiency and profitability.
Last year's performance was "disappointing" with a net income decline of over 70% after deducting non-recurring items. Yantai Changyu Pioneer Wine aims for a revenue growth of approximately 3.7% this year.| Interpretations
① Last year, Yantai Changyu Pioneer Wine's revenue fell by about a quarter compared to the previous year, and the net income after deductions dropped by more than 70%. The company admitted that the "(Operation) results are not satisfactory"; ② The competition in the wine market will still be fierce in 2025, and Yantai Changyu Pioneer Wine stated that it will strive to achieve revenue of no less than 3.4 billion yuan, a year-on-year increase of about 3.7%; ③ Yantai Changyu Pioneer Wine will launch a 0.1 billion yuan stock buyback tonight, and the repurchased shares will be canceled.
Brokerage morning meeting highlights: Countermeasures against tariffs boost Shenzhen Agricultural Products Group prices, the planting chain directly benefits.
At today's Brokerage morning meeting, CITIC SEC believes that countermeasures against tariffs boost the prices of Shenzhen Agricultural Products Group, which directly benefits the planting chain; HAITONG SEC proposed a bullish view on the relative yields of the Banks Sector in April; Galaxy Securities stated that it focuses on Gold and countermeasures against rare earths.
Behind the insider trading fine of the chairman of Mogao Co., Ltd.: repeated disclosure errors and persistent Operation pressure | Quick read announcement.
① Mogao Co., Ltd. announced that during the restructuring of Haotian Technology, Chairman Du Guangzhen engaged in insider trading of the company's stocks, making a profit of 0.1994 million yuan. The Qinghai Securities Regulatory Bureau decided to confiscate Du Guangzhen's illegal gains and imposed a fine of 1.5 million yuan; ② The company's operational pressure is "ever-present" — continuous revenue growth without profit, and operating cash flow has been in a net outflow state for five consecutive years.
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.
The stock price rose by more than 70%, but Mogao Group's restructuring plan failed. Haotian Technology's dream shattered for the second time. | Quick Read Announcement
1. Mogao Corporation announced the termination of the restructuring with Gansu Haotian Technology Co., Ltd. (referred to as "Haotian Technology"); 2. Mogao Corporation has accumulated a growth rate of over 70% in the past two months; 3. The performance of Mogao Corporation, which is planning to restructure, is not optimistic, and the risk of delisting still exists.