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Zbom Home Collection (603801.SH): The application for the issuance of Convertible Bonds has been approved by the listing review committee of the Shanghai Stock Exchange.
On December 25, the Gelonghui reported that Zbom Home Collection (603801.SH) announced that the Shanghai Stock Exchange's Listing Review Committee held its 35th review meeting of 2024 (hereinafter referred to as "the meeting") on December 25, 2024, to review the company's application for issuing convertible corporate bonds to unspecified objects. According to the meeting's review results, the company's application for issuing convertible corporate bonds to unspecified objects meets the issuance conditions, listing conditions, and information disclosure requirements.
Sinolink Securities: 25 years old industry preferred expected policy beneficiaries direction. It is recommended to focus on new types of tobacco, etc.
Considering the current complex and changing economic situation both domestically and internationally, relying on relevant policy signals in 2025, preferring the expected policy benefits direction, recommending new tobacco > bicycles = domestic sales of home furnishings, focusing on emerging domestic goods, exports & going abroad, and the papermaking sector.
China Galaxy Securities: "november 11 shopping festival-related" + national subsidies further increased, Q4 home demand is expected to recover.
It is expected that the national subsidy activities will have a positive catalytic effect on the Q4 performance of listed companies.
zbom home collection (603801) company dynamics research: actively expanding omni-channel multi-category, expected to drive demand release under the old-for-new policy.
Investment highlights: Actively responding to the policy of trading in old for new, expected to drive demand release. In response to the national policy of trading in old for new, the company has adopted a two-way subsidy strategy, increasing corporate subsidies on the basis of local government subsidies, fully benefiting end consumers. Targeting
zbom home collection (603801): Q3 performance dragged down by expense allocation. Good performance in overseas markets.
The core point of view in Q3 24 company's revenue decreased by 10.14% year-on-year, while net income attributable to the mother decreased by 30.93% year-on-year, mainly due to weak demand for retail home furnishings and the decline in revenue from bulk business; the weaker profit performance compared to revenue is mainly due to the company increasing end-terminal discounts.
zbom home collection (603801): Double-digit decline in revenue in the third quarter, short-term profit pressure.
Double-digit decline in revenue in the third quarter, putting pressure on profits. The company released its 2024 third quarter report, achieving revenue of 3.68 billion/-6.5% in 2024Q1-Q3, with a net income attributable to the parent company of 0.27 billion/-23.8%, net income deducted for non-parent.
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