Quanfeng Holdings (02285) rose more than 20% after the results. As of press release, it rose 20.34% to HK$20.65, with a turnover of HK$17.618,400.
The Zhitong Finance App learned that Quanfeng Holdings (02285) rose more than 20% after the results. As of press release, it had risen 20.34% to HK$20.65, with a turnover of HK$176.18,400.
According to the news, Quanfeng Holdings announced annual results up to the end of December last year, with a turnover of US$1,375 million, a year-on-year decrease of 30.9%. Profit and loss were $37.137 million, earning $139 million in the same period last year; loss of 7 cents per share. The special interest rate was 3.54 US cents (equivalent to HK27.64 cents), and the final dividend was 7.18 US cents (equivalent to HK56 cents) for the same period last year.
Zheshang Securities believes that in the short term, inventory disturbances will gradually subside, and demand will bottom out and pick up, and orders are expected to resume. According to the 2023 annual reports of the core North American supermarket channels Walmart, Home Depot, and Lowe's, the inventory of the three companies decreased by -3%/-15.7%/-8.8%, respectively, over the same period last year, and the North American supermarket channel may have come to an end.