Jiumaojiu International Holdings Ltd Ordinary Shares

09922: XHKG (HKG)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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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.

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