Tsingtao Brewery acquires 100% equity of Jimo Old Liquor. Can diversification open up growth space?｜Quick read announcement

On May 7, Tsingtao Brewery announced the acquisition of 100% equity of ShanDong Jimo Huangjiu Factory Co., Ltd. for a total of 0.665 billion yuan including the profit and loss amount during the price adjustment period; Observers point out that with the overall beer market shrinking and the high-end segment nearing its conclusion, leading beer companies are generally experiencing "revenue anxiety," and diversification may help these leading beer companies achieve revenue growth.

cls.cnMay 7 20:09

The A-share market is experiencing another wave of buybacks in April! 35 listed companies have set a buyback plan with a ceiling exceeding 0.5 billion yuan, and Will Semiconductor intends to change the use of 1 billion yuan of repurchased shares to cancel

According to incomplete Statistics, in April, 35 A-share listed companies plan to repurchase a maximum amount exceeding 0.5 billion yuan (see attached table); Contemporary Amperex Technology ranks first with a planned repurchase amount cap of 8 billion yuan, while XCMG Construction Machinery has two repurchase plans within the month with a cumulative amount cap of 4.2 billion yuan, ranking second; 18 stocks announced plans to change the purpose of repurchased shares to cancellation (see attached table), among which Will Semiconductor plans to cancel 1 billion yuan of repurchased shares.

cls.cnMay 1 14:52

Midea's Q1 revenue increased by 20.5% year-on-year, net income surged by 38%, new business is experiencing explosive growth | Earnings Reports insights.

Midea's new business shows impressive performance: in the first quarter, revenue from the New energy Fund and industrial technology reached 11.1 billion yuan, a year-on-year increase of 45%; revenue from Asia Vets in building technology was 9.9 billion yuan, up 20% year-on-year; revenue from Siasun Robot&Automation was 7.3 billion yuan, an increase of 9% year-on-year. Midea also announced plans to spin off Ande Intelligent Link for listing on the Main Board of the Hong Kong Stock Exchange.

wallstreetcnApr 29 21:41

In Q1, HAIER SMARTHOME's revenue increased by 10% year-on-year, net profit grew by 15%, and the high-end brand Casarte saw an increase of over 20% | Earnings Reports insights.

In the first quarter, HAIER SMARTHOME achieved double growth in income and profit, and the digital inventory and digital marketing transformation in the China market continues to advance. The high-end brand Casarte saw an increase of over 20%, and the overall revenue in overseas markets grew by 12.6%.

wallstreetcnApr 29 21:40

In Q1, Tsingtao Brewery's net income increased by 7.08% year-on-year, with the main brand's sales steadily growing by 4.1%.

Tsingtao Brewery's profitability steadily improved in Q1. Revenue grew by 2.91% year-on-year, and net income increased by 7.08% year-on-year. The main brand, Tsingtao Brewery, saw a steady sales growth of 4.1%, with online sales reaching a record high. On the 28th, Tsingtao Brewery announced its first-quarter performance: Revenue: 10.45 billion yuan, an increase of 2.9% year-on-year. Net income: The net income attributable to shareholders of the listed company reached 1.71 billion yuan, an increase of 7.08% year-on-year. EPS: 1.254 yuan, compared to 1.172 yuan for the same period last year, a growth of 6.72%. Sales steadily increased, and structural optimization showed significant results as revealed in the earnings reports.

wallstreetcnApr 28 20:26

Gree Electric Appliances, Inc. of Zhuhai's net income increased by 11% last year, and there are subtle changes in the income composition classification that has been used for three years.| Interpretations

① Gree Electric Appliances, Inc. of Zhuhai's net income attributable to shareholders in 2024 grew by only about 11% compared to the previous year. The weakness in growth of traditional home appliances is an undeniable fact, and finding new performance increments is one of the most important issues facing these manufacturers. ② In the 2024 annual report, Gree Electric Appliances, Inc. of Zhuhai adjusted the revenue composition that had been used for many years, which may reveal the psychological changes of Gree Electric Appliances, Inc. of Zhuhai when facing diversification issues.

cls.cnApr 27 23:37