Jiumaojiu International Holdings Ltd Ordinary Shares
09922: XHKG (HKG)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|$T | LOCK|h%% | LOCK|&JQqkj$ |
Jiumaojiu: Better-Than-Expected Results With Signs of Stabilization; Shares Very Undervalued
Jiumaojiu issued a profit warning for 2024, reporting a 1% revenue increase but a sharp decline in net profit to CNY 50 million, down from CNY 454 million in 2023. The drop is mainly attributed to weaker macroeconomic conditions, heightened competition, and impairment losses.
