01023 SITOY GROUP
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SITOY GROUP News
Sitoy Group to Swing to Loss in Fiscal H1; Shares Slide 7%
Era Group (01023.HK) terminates COLE HAAN distribution agreement, warns of performance turning into a loss.
Sitoy Group Holdings (01023.HK) issued a profit warning, expecting to record a loss for the six months ending December compared to a profit of 53.55 million yuan in the same period last year. The one-time significant loss from terminating the Cole Haan business mainly arises from the write-off of certain inventory and losses from capital expenditures of stores, compensation for terminating related employee contracts, and final payments made to Cole Haan. The company has terminated the distribution and trademark license agreement for 'COLE HAAN', and must pay 7 million US dollars to Cole Haan for full and final settlement.
Sitoy Group (01023.HK) expects to report a loss attributable to owners for the interim period.
Gelonghui, November 26th丨Sitoy Group (01023.HK) announced that due to the termination of the Cole Haan business, the group expects to record a loss attributable to the company owners for the six months ending December 31, 2024, while in the same period of 2023, there was a profit attributable to the company owners of approximately 53,554,000 HKD. The reason is the write-off of certain Cole Haan inventory and losses incurred from Cole Haan store capital expenditure, compensation for terminating related employee contracts, and the final payment made to Cole Haan. It is estimated that the termination of the Cole Haan business will
Sitoy Group Ends Cole Haan Deal Amid Losses
SITOY GROUP: BUSINESS UPDATE AND PROFIT WARNING
Sitoy Group Announces AGM Outcomes and Leadership Changes
Sitoy Group Announces Board of Directors and Committees
Sitoy Group (01023): Li Baoyu has been appointed as the chairman of the remuneration committee.
sitoy group (01023) announced that, effective from the end of the annual shareholder meeting, Dr. Liu Jiancheng retired as non-executive...
SITOY GROUP: ANNUAL REPORT 2024
Selected Announcement: Miniso invests 6.3 billion yuan to acquire Yonghui Superstores; China Aluminum International Engineering Corporation wins the bid for 0.35 million tons of green electricity aluminum project.
haitong sec, gtja: The merger requires approval by the respective board of directors and shareholders' meeting of both parties, and can only be formally implemented after approval by the relevant regulatory authorities.
SITOY GROUP To Go Ex-Dividend On November 22nd, 2024 With 0.04 HKD Dividend Per Share
September 24th (Beijing Time) - $SITOY GROUP(01023.HK)$ is trading ex-dividend on November 22nd, 2024.Shareholders of record on November 25th, 2024 will receive 0.04 HKD dividend per share on
Sitoy Group Announces Final Year-End Dividend
In terms of performance, sitoy group (01023.HK) recorded a full-year net profit of 0.102 billion yuan, a decrease of 49.8%. Dividend of 4 cents per share.
Sitoy Group (01023.HK) announced its full-year performance as of the end of June this year, with a turnover of 1.606 billion yuan, a 12.1% year-on-year decrease. Net profit of 0.102 billion yuan, a 49.8% year-on-year decrease; earnings per share of 10.58 cents. Dividend per share of 4 cents, compared to 7 cents in the same period last year. (JS/U)~
sitoy group (01023) will distribute a final dividend of HK$0.04 per share on December 23.
sitoy group (01023) announced that it will distribute dividends for the period ending June 30, 2024 on December 23, 2024.
Sitoy Group (01023.HK): Huang Rujie appointed as Company Secretary.
Gronghui September 23rd │ Sitoy Group Holdings (01023.HK) announced that Zhang Jishen has resigned from the position of company secretary, effective September 23, 2024. The company has appointed Huang Rujie to replace Mr. Zhang as the company secretary, effective September 23, 2024.
SITOY GROUP: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 30 JUNE 2024AND CHANGE OF COMPANY SECRETARY
Sitoy Forecasts Up to 55% Fall in Net Profit
Sitoy Group Foresees Profits Falling Amid Global Strains
sitoy group (01023.HK) expects the annual profit attributable to owners of the company to decrease by 45%-55% year-on-year.
Sitoy Group Holdings (01023.HK) announced that the group expects the net profit attributable to shareholders for the fiscal year ending June 30, 2024 to decrease by approximately 45% to 55% compared to the same period in 2023, with a net profit of about 0.203 billion Hong Kong dollars. This is mainly due to: 1) global inflation pressures and geopolitical tensions, which have brought uncertainties to the global economy and reduced the demand for manufacturing businesses, thus affecting our sources of income; and 2) foreign exchange losses incurred for the fiscal year ending June 30, 2024, while foreign exchange gains were approximately 40 million in the same period of 2023.
Era Group (01023.HK) is expected to see a 45% to 55% annual decrease in net profit, while the dividend policy remains unchanged.
Times Group (01023.HK) issued a profit warning, expecting the annual net profit as of the end of June to decrease by 45% to 55% compared to the same period last year, with a net profit of 0.203 billion yuan in the same period last year. The company stated that the decline in net profit is mainly due to global inflationary pressures and geopolitical tensions, which have reduced demand for the manufacturing business, thereby affecting the source of income, as well as generating foreign exchange losses during the period, while foreign exchange gains in the same period last year were about 40.402 million yuan. The company stated that although net profit has decreased, the dividend policy remains unchanged. The company expects that the income from the manufacturing business will be lower than the same period last year at 1.342 billion yuan.
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