The Zhitong Finance App learned that Yihai International (01579) rose by more than 4% and rose 4.37% at press time to report HK$14.8, with a turnover of HK$24.71 million.
In terms of performance, the company achieved main revenue of 6.148 billion yuan in 2023, the same as the previous year; realized net profit of 853 million yuan, an increase of 14.9% over the previous year. Among them, 2023H2 achieved main revenue of 3,531 billion yuan, an increase of 2.1% year on year; realized net profit to mother was 495 million yuan, an increase of 3.3% year on year.
According to a review by Zhongtai Securities, the company's affiliates achieved strong restorative revenue growth as demand for catering picked up with the liberalization of epidemic control. Third-party demand is under pressure due to weak demand and declining consumption. In particular, convenient fast food has declined significantly. In the future, as the company actively launches cost-effective products and strengthens third-party B-side customers, it is expected to achieve healthy growth. Dongwu Securities said that growth was positive in the beginning of 2024. There were many business highlights from related parties and third parties throughout the year, and there is still room for improvement in profitability under product structure improvements.