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GF Securities Downgrades Shanghai Yuyuan Tourist Mart (Group) to Accumulate From Buy; Price Target Is 6.43 Yuan
Shanghai Yuyuan Tourist Mart (600655.SH): has repurchased a cumulative total of 0.31% of its shares.
On April 1st, Gelonghui announced that Shanghai Yuyuan Tourist Mart (600655.SH) has cumulatively repurchased 4,999,857 shares through centralized competitive trading by March 2025, which accounts for 0.128388% of the company's total share capital. The highest purchase price was 5.84 yuan/share and the lowest was 5.70 yuan/share, with a total payment of 28,825,961.10 yuan (excluding transaction fees). By the end of March 2025, the company had cumulatively repurchased 11,999,633 shares, accounting for 0.308131% of the company's total share capital, with the highest purchase price of
Shanghai Yuyuan Tourist Mart (600655): Jewelry and real estate continue to adjust, slimming down and honing internal capabilities.
Investment highlights: Performance: In 2024, annual revenue decreased by 19%, and net profit attributable to the parent company fell by 94%, affected by investment projects and the struggling Consumer Sector as well as the deep adjustments in the real estate sector impacting performance. 1) In 2024: Revenue is 46.9 billion yuan (year-on-year decrease).
Shanghai Yuyuan Tourist Mart (600655): The consumer environment has put pressure on performance, but the strategy of streamlining and strengthening the body has begun to show results in improving operational quality.
Event: Shanghai Yuyuan Tourist Mart disclosed the 2024 annual report. In 2024: Revenue of 46.92 billion, -19% year-on-year; Net income of 0.13 billion, -94% year-on-year; Deducted net income of -2.11 billion, losses expanded. 24
Shanghai Yuyuan Tourist Mart (600655): Focus on optimizing the business structure and strengthen the layout of cultural expansion.
Investment highlights: The company announced the 2024 annual report, with performance below expectations. According to the company's announcement, 1) in 2024, the company achieved revenue of 46.924 billion yuan, a year-on-year decrease of 19.30%, and realized a net income of 0.125 billion yuan.
Shanghai Yuyuan Tourist Mart (600655): Strengthening franchise management to shape brand tone.
Key points: In 2024, the company achieved revenue of 46.9 billion yuan, a year-on-year decrease of 19%; achieved Net income of 0.125 billion yuan, a year-on-year decrease of 94%. Affected by the current macro environment of the Real Estate Industry, the company's Real Estate Business is struggling.