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Express News | The report on the november 11 shopping festival-related has been released, as companies in the Shanghai market once again promote domestic beauty products.
Shanghai jahwa united (600315.SH): During the singles' day sales, the online GMV of all brands increased by approximately 17% year-on-year.
Gelonghui November 15th | Shanghai Jahwa United (600315.SH) stated on the interactive platform that during Singles' Day sales in 2024, the company achieved steady growth through brand reshaping, with an approximate 17% year-on-year increase in total online GMV. Specifically: Herborist grew by approximately 10%; BaiCaoJi grew by approximately 27%; LIUSHEN grew by approximately 16%; Maxam grew by approximately 4%; Shuangmei grew by approximately 228%. The performance on major online platforms (self-operated basis) was: Tmall increased by over 10%; Douyin increased by over 80%; jd.com increased by over 8%; pdd holdings increased by over 20%. (Note: The above data corresponds to the time dimension)
shanghai jahwa united (600315): Global strategy adjustment leads to short-term performance pressure, continuously deepening the reform of business unit system.
Event: The company released the Q3 report for 2024, with revenue of 4.477 billion yuan for Q1-3, a year-on-year decrease of 12.07%, and a net profit attributable to shareholders of 0.163 billion yuan, a year-on-year decrease of 58.72%. The net profit attributable to shareholders excluding non-recurring gains and losses was 0.12 billion yuan.
shanghai jahwa united (600315): The company incurred a loss in Q3 single quarter, the organizational structure is being streamlined, waiting quietly for a turning point.
Key investment points Q3: Revenue down 21%, costs increased with additional sales promotion leading to a quarterly loss of 75.3 million1) 24Q1-Q3: Revenue of 4.48 billion yuan, a decrease of 12% year-on-year, net profit attributable to owners of 0.16 billion yuan, a decrease of
shanghai jahwa united (600315): Completed core talent iteration in Q3, continuous improvement in operation quality, looking forward to the turning point of growth.
Event: shanghai jahwa united disclosed its performance in the third quarter of 2024. In 24Q1-3, the company achieved operating income of 4.477 billion yuan, a year-on-year decrease of 12.07%; net income attributable to equity holders was 0.163 billion yuan, a year-on-year decrease of 58.72%; non-net profit attributable
shanghai jahwa united (600315): Organizational and business adjustments are putting short-term pressure on performance.
Summary of this report: After the company replaced the management team, a one-time global strategy adjustment was made in Q3. Short-term revenue and profit are under pressure, the current organizational and personnel adjustments are basically in place, looking forward to bottoming out improvements after the new team has been well coordinated. Investment highlights: After the company replaced the management team
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