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Jason Furniture (Hangzhou) Co.,Ltd. Just Missed Earnings - But Analysts Have Updated Their Models
Jason Furniture (603816): The prosperity of foreign trade orders in Q3 24 is maintained, and Q4 is expected to benefit from the old-for-new policy.
The company released the 24Q3 performance report. In 2024Q1-Q3, revenue reached 13.801 billion yuan, a decrease of 2.37% year-on-year, net income attributable to the parent company was 1.359 billion, a decrease of 9.49% year-on-year, and non-GAAP net income to the parent was 12.19.
jason furniture (603816) 2024 third quarter performance review: Q3 operating performance under pressure, home furnishing subsidies accumulate strength
Event overview: The company released the third quarter report for 2024. In the first three quarters of 2024, the company achieved revenues of 13.801 billion yuan, a year-on-year decrease of 2.37%; net income attributable to shareholders was 1.359 billion yuan, a year-on-year decrease of 9.49%, and after non-recurring items...
jason furniture (603816) 2024 third quarter report review: continued growth in foreign trade business, the "1+N+X" channel global strategy is still advancing.
Event: The company released the third quarter report for 2024, achieving revenue/net income attributable to parent company of 13.8/1.36 billion yuan for the first three quarters, respectively -2.4%/-9.5% year-on-year; in Q3 2024, achieving revenue/net income attributable to parent company
Jason Furniture (603816): Increased support for domestic marketing, maintaining steady growth in foreign trade.
Investment Highlights jason furniture released 24Q3 performance 2024Q1-Q3 revenue of 13.801 billion yuan (same period last year -2.37%, the same below), net income attributable to mother of 1.359 billion (-9.49%), non-net profit attributable to mother 1.
Jason Furniture (603816): Improvement in exports, domestic sales under pressure. Replacement of old with new expected to drive recovery.
The company released the third quarter report of 2024: In Q3 2024, the company achieved revenue of 4.893 billion yuan (-6.9% year-on-year, excluding the impact of external factors and Tiantianxi's decline, with an expected narrower decline), and attributable net income of 0.463 billion yuan (-19% year-on-year).
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