Chabaidao expects net profit in the first half of the year to fall 63.03% year-on-year
Posted: Sun Dec 22, 2024 10:51 am
Lianshang News: Recently, Chabaidao issued a profit warning, predicting a net profit of 220 million to 250 million yuan in the first half of the year, a year-on-year decline of 63.03%. The net profit in the first half of 2023 is about 595 million yuan.
The board of directors explained the decline in profits by considering the impact of changes in consumer habits due to changes in the external environment. In the first half of the year, the company increased its policy support for franchisees and offered preferential treatment to suppliers in selling goods and equipment. According to the Cha Baidao prospectus, 95% of the company's revenue last year came from the sale of goods and equipment, and the rest came from franchise fees.
Cha Baidao also stated that the company's operating whatsapp number in australia conditions remain stable at this stage and business operations are progressing in an orderly manner.
In April this year, Chabaidao's stock price fell below its IPO price. As of the close of August 13, Chabaidao's stock price fell 12.38% to HK$6.3 per share, and its stock price has fallen by 60% since its listing.
In fact, Nayuki's Tea, another listed new tea beverage company, is in a similarly worrying situation. On August 2, Nayuki's Tea issued a performance warning, predicting revenue of about 2.4 billion to 2.7 billion yuan in the first half of this year; adjusted net loss of 420 million to 490 million yuan; in the same period of 2023, its adjusted net profit was 70.2 million yuan, down 698.29% to 798.01% year-on-year.
Affected by the loss news, Nayuki's stock price plummeted 15.9% on August 5; during the trading session on August 6, it once fell to HK$1.45, a new low since its listing, with a total market value of only HK$2.57 billion. Compared with the highest point of HK$18.98, Nayuki's Tea's cumulative maximum decline exceeded 92%, and its total market value evaporated by nearly HK$30 billion.
Nayuki Tea attributed its losses to the fact that external consumer demand has not recovered significantly, which has led to pressure on store revenue.
The board of directors explained the decline in profits by considering the impact of changes in consumer habits due to changes in the external environment. In the first half of the year, the company increased its policy support for franchisees and offered preferential treatment to suppliers in selling goods and equipment. According to the Cha Baidao prospectus, 95% of the company's revenue last year came from the sale of goods and equipment, and the rest came from franchise fees.
Cha Baidao also stated that the company's operating whatsapp number in australia conditions remain stable at this stage and business operations are progressing in an orderly manner.
In April this year, Chabaidao's stock price fell below its IPO price. As of the close of August 13, Chabaidao's stock price fell 12.38% to HK$6.3 per share, and its stock price has fallen by 60% since its listing.
In fact, Nayuki's Tea, another listed new tea beverage company, is in a similarly worrying situation. On August 2, Nayuki's Tea issued a performance warning, predicting revenue of about 2.4 billion to 2.7 billion yuan in the first half of this year; adjusted net loss of 420 million to 490 million yuan; in the same period of 2023, its adjusted net profit was 70.2 million yuan, down 698.29% to 798.01% year-on-year.
Affected by the loss news, Nayuki's stock price plummeted 15.9% on August 5; during the trading session on August 6, it once fell to HK$1.45, a new low since its listing, with a total market value of only HK$2.57 billion. Compared with the highest point of HK$18.98, Nayuki's Tea's cumulative maximum decline exceeded 92%, and its total market value evaporated by nearly HK$30 billion.
Nayuki Tea attributed its losses to the fact that external consumer demand has not recovered significantly, which has led to pressure on store revenue.