601339 Bros Eastern Co.,Ltd
- 5.95
- +0.29+5.12%
Bros Eastern Co.,Ltd News
Bros Eastern Co.,Ltd(601339): Single-quarter net profit continues to expand quarter-on-quarter, high-dividend symbol in the upward trend of prosperity.
Investment highlights: The company released the third quarter report of 2024, with the single-quarter non-GAAP net income continuing to expand compared to the previous quarter, meeting expectations. Revenue for Q1-Q3 2024 was 6.07 billion yuan (+19.3% year-on-year), with a net income attributable to shareholders of 0.413 billion yuan.
Bros Eastern Co.,Ltd (601339): Non-net margin improves quarter by quarter, high dividend yield is attractive.
Event overview 24Q3 company revenue/parent net income/non-net income were 2.085/0.18/0.148 billion yuan, an increase of 11.39%/-35.71%/turned positive year-on-year, mainly due to holding financial assets.
Bros Eastern Co., Ltd (601339) 2024 Third Quarter Report Review: Impressive growth in Q3 non-net income, looking forward to the continued recovery of the profitability of the textile leading enterprise.
Revenue/mother net income for the first three quarters increased by +19.3%/-25.4% year-on-year, non-net profit +138.6%. Bros Eastern Co.,Ltd. released the third quarter report for 2024. The company achieved revenue of 6.07 billion in the first three quarters of 2024.
Blum Oriental: Blum Oriental third quarter report 2024
Blum Oriental Third Quarter Report 2024
Bros Eastern Co.,Ltd (601339.SH): The net income in the first three quarters was 0.413 billion yuan, a decrease of 25.37% year-on-year.
Gelonghui October 30th | Bros Eastern Co.,Ltd (601339.SH) announced that in the first three quarters of 2024, it achieved revenue of 6.074 billion yuan, an increase of 19.29% year-on-year; the net income attributable to shareholders of the listed company was 0.413 billion yuan, a decrease of 25.37% year-on-year, with a basic earnings per share of 0.28 yuan.
Bros Eastern Co.,Ltd (601339): Leading color spinning and yarn company with outstanding production capacity advantages in Vietnam.
Bros Eastern Co.,Ltd is one of the mid-to-high-end color spinning dual oligopoly, with highlighted production capacity advantages in Vietnam. We believe that in the short term, the improvement in demand for color spinning yarn and the recovery of orders are expected to improve the company's performance; in the medium to long term, the company's overseas production capacity continues to expand, along with core customers.
Bros Eastern Co., Ltd. (601339): Q2 volume and price rise together, gross margin improves compared to the previous quarter. Pay attention to the future trend of cotton prices.
Core view 24H1 company revenue 3.989 billion yuan / +23.9%; net income attributable to the mother 0.233 billion yuan / -14.8%; non-net income attributable to the mother 0.107 billion yuan / -46.7%. 24Q2 company revenue
Bros Eastern Co.,Ltd (601339): The performance of the Vietnamese subsidiary is impressive.
The company released the 2024 interim report for Q2, with revenue of 2.155 billion, up 24.3%; net profit attributable to the parent company of 0.152 billion, down 19.4%; non-recurring net profit attributable to the parent company of 0.11 billion, down 7.7%; 24H1.
Bros Eastern Co.,Ltd (601339): The non-GAAP net income turned positive in Q2 2024, and the inflection point from revenue to profit has been reached.
Investment Highlights: The company released its 2024 interim report, with revenue and net income attributable to the parent company meeting expectations. 1) Revenue for H1 2024 was 3.99 billion yuan (+23.9% YoY), with net income attributable to the parent company of 0.233 billion yuan (-14.8% YoY).
Bros Eastern Co.,Ltd (601339): Performance meets expectations, bullish on the sustained recovery of profitability in the second half of 2024
The company's published 1H24 performance is in line with our expectations. The revenue is 3.989 billion yuan, an increase of +23.89% year-on-year; the net income attributable to the parent company is 0.233 billion yuan, a decrease of -14.78% year-on-year; the non-recurring net income attributable to the parent company is 1.07 billion yuan
Bros Eastern Co.,Ltd (601339): Net profit improves on a quarterly basis with attractive dividend yield
In the first half of 24H1, the company's revenue/net income attributable to parent company/adjusted net income attributable to parent company/operating cash flow net amount were 39.89/0.233/0.107/0.886 billion yuan, with a year-on-year increase.
Bros Eastern Co., Ltd. (601339): Cash flow and inventory turnover have significantly improved, and profitability is expected to recover gradually over the quarters.
In 2Q4, the company's revenue increased by +24.27% year-on-year, while net income attributable to the parent decreased by -19.35%, and non-recurring net income decreased by -7.73%. The increase in sales volume drove revenue growth, and non-recurring net income improved quarter by quarter. The gross margin in Q2 increased significantly compared to Q1.
Bros Eastern Co.,Ltd 2024 Semi-Annual Report
Bros eastern co.,ltd 2024 Interim Report Summary
Bros Eastern Co.,Ltd (601339.SH): Net income in the first half of the year was 0.233 billion yuan, a year-on-year decrease of 14.78%.
On August 26th, Gelunhui announced its interim report for the year 2024, with a revenue of 3.989 billion yuan, a year-on-year increase of 23.89%; net income attributable to shareholders of the listed company was 0.233 billion yuan, a year-on-year decrease of 14.78%; net income attributable to shareholders of the listed company excluding non-recurring gains and losses was 0.107 billion yuan, a year-on-year decrease of 46.70%; and basic earnings per share were 0.16 yuan. In terms of new product development, the company actively responds to the urgent demand for eco-friendly products by brands and the market, increases its R&D efforts, and focuses on innovatively developing a series of eco-friendly products.
Express News | Bros Eastern Co.,Ltd: Net income for the first half of 2024 was 0.233 billion yuan, a year-on-year decrease of 14.78%.
Bros Eastern Co., Ltd. (601339): Orders rebound, leading enterprises repair, overseas production capacity advantages highlighted.
Bros Eastern Co., Ltd.: a domestic leader in color spinning and weaving industry. The company's main business is the research and development, production, and sales of color-spun yarns, with over 30 years of experience in the industry. In 2021 and 2022, the company's net income attributable to its parent company increased from 300-500 million yuan to 1 billion yuan.
Blum Oriental (601339.SH) will distribute 3 yuan for every 10 shares in 2023. The stock registration date is June 4
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Blum Oriental (601339): Revenue improved as scheduled, focus on cotton price trends
Core view In 2023, the company's revenue was 6.913 billion yuan/ -1.09%, net profit attributable to mother was 504 million yuan/ -67.75%, and net profit not attributable to mother was -121 million yuan/ -102.69%. 24Q1
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