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Qingdao Richen Food (603755): New customer development drives growth against the trend. Cost reduction improves profit capabilities.
The company's total operating income in the first half of 2024 was 0.187 billion yuan (+15.16% year-on-year); net income attributable to shareholders was 28.731 million yuan (+20.68% year-on-year), with a non-net income deduction of 27.4267 million yuan.
Qingdao Richen Food (603755): Steady growth in performance, high recovery of dining channels.
Event: In H1 2024, the company's revenue and net income attributable to shareholders were 0.187/0.0287 billion yuan (+15.16%/+20.68%). In Q2 2024, the company's revenue and net income attributable to shareholders were
Qingdao Richen Food (603755): Dining channel performance is impressive, profit stability and progress.
Event: The company disclosed its performance for the first half of 2024. In H1 2024, the company achieved revenue of 0.187 billion yuan, an increase of 15.16% year-on-year. The net income attributable to the parent company was 0.029 billion yuan, an increase of 20.68% year-on-year. The non-GAAP net income attributable to the parent company was 0 billion yuan.
Qingdao Richen Food (603755): The development of dining channels is improving, and controlling costs is improving profitability.
The core point of view is that the company continued the good development trend of Q1 in Q2, maintaining rapid growth, mainly due to the strong product strength of the company and the continuous expansion of new products and customers. The company's dining channel (49.81% of the total) performed the best, with a year-on-year growth of 37%.
Qingdao Richen Food Production Co., Ltd. 2024 Interim Report
Summary of the semi-annual report of Qingdao Richen Food Co., Ltd. in 2024.
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