Dark Market Intelligence | Hong Jiu Fruit is now down 1.75% at HK$39.3

time:2022-09-29 13:09:16 source:clevelanddrifters.com author:Individual stock recommendation
Dark Market Intelligence | Hong Jiu Fruit is now down 1.75% at HK$39.3

According to news from Futu Information on September 2, Hongjiu Fruit (06689.HK) opened 2.5% higher in the dark market and is now down 1.75% at HK$39.3. According to the previous public information, the number of people who subscribed for Hongjiu Fruit's public allotment was 2,086, and the first-hand lottery rate was 100%. The relevant data compiled by Futu Information are as follows: Hongjiu Fruit is a fast-growing multi-brand fresh fruit group in China, with an “end-to-end” supply chain. The company focuses on the whole industry chain operation of high-quality fruits mainly originating in China, Thailand and Vietnam. Hongjiu Fruit has been operating in the fruit industry for nearly 20 years and has profound industry experience. As of the latest practicable date, it has formed a fruit product portfolio of 49 categories with durian, mangosteen, longan, dragon fruit, cherries and grapes as the core. Hongjiu Fruit selects and purchases high-quality fresh fruits for consumers from more than 100 high-quality fruit origins, and through direct picking, standardized processing and digital supply chain control, has created a portfolio of its own fruit brands covering multiple categories in the fruit field. Through the in-depth layout of high-quality origin areas, a nationwide sales and distribution network and an efficient "end-to-end" supply chain, the company can directly deliver fresh fruit products from orchards around the country to retail terminals across the country. During the track record period, Hong Jiu focused on developing high-value fruit varieties with rapid growth in domestic market share. According to CIC, the Company is the largest durian distributor in China and one of the top five distributors of dragon fruit, mangosteen and longan in terms of sales revenue in 2021. In terms of finance, from 2019 to 2021, the company's total revenue was 2.08 billion, 5.77 billion, and 10.28 billion yuan respectively, with a compound annual growth rate of 122.44%. In the first five months of 2021 and 2022, the company's total revenue will be 4.58 billion yuan and 5.73 billion yuan, respectively, with a year-on-year growth rate of 25.12%. From 2019 to 2021, the company's net profit was 163 million, 02 million, and 292 million yuan, respectively, and the net profit margin for the same period was 7.8%, 0.0%, and 2.8%, respectively. In the first five months of 2021 and 2022, the company's net profit will be 0.05 billion yuan and 745 million yuan, respectively, and the net profit rate will be 0.1% and 13% respectively in the same period. Risk warning: The opinions of the authors or guests shown above have their own specific positions, and investment decisions need to be based on independent thinking. Futu will endeavour but cannot guarantee the accuracy and reliability of the above content, and will not be liable for any loss or damage arising from any inaccuracies or omissions.

(Responsible editor:Individual stock analysis)

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