Jiaotou Holdings (01450) rose more than 10% and rose 12.59% at press time to report HK$1.52, with a turnover of HK$1.8 million.
The Zhitong Finance App learned that Make a Friend Holdings (01450) rose by more than 10% and rose 12.59% at press time to HK$1.52, with a turnover of HK$1.8 million.
In terms of performance, the company previously announced annual results for the year ended December 31, 2023, with revenue of approximately 1,074.3 billion yuan (RMB, same below), an increase of about 152.4% over the previous year. Profit attributable to company owners was 119 million yuan, with a basic profit of 9.05 points per share. In 2023, the Group's new media service sector continued to achieve rapid growth, with a total completed product transaction amount (GMV) exceeding RMB 12 billion, making it one of the leading e-commerce streams. The Group's radio and television business segment has maintained steady development. Through technological iteration and industrial renewal, it is still in a relatively leading position in the industry segment.
According to analysts from the China Business Industry Research Institute, the scale of live e-commerce transactions in China will reach 4565.7 billion yuan in 2023 and 5563.9 billion yuan in 2024; the penetration rate of live e-commerce transactions in China will increase from 1.6% to 25.3% between 2018 and 2022. The penetration rate is expected to reach 31.9% for the whole of 2023, and 35% in 2024. Research reports from relevant agencies point out that the company's price-earnings ratio is far below the valuation level of peer companies, and it is a high-quality target with excellent allocation and cost performance. As future profits are released, there is an opportunity for market valuation to be repaired; from a business perspective, making friends uses scientific and technological innovation as an engine and gradually grows into a new retail company, and its real value is also expected to be re-valued.