Yuyuan Group (00551) has risen more than 4%, and its stock price has nearly doubled since the beginning of March. As of press release, it rose 4.33% to HK$15.92, with a turnover of HK$59.1564 million.
The Zhitong Finance App learned that Yuyuan Group (00551) has risen by more than 4%, and its stock price has nearly doubled since the beginning of March. As of press release, it rose 4.33% to HK$15.92, with a turnover of HK$59,156,400.
According to the news, Yuyuan Group announced that for the three months ended March 31, 2024, the Group's revenue was US$2.03.6 billion, down 4.9% from the same period last year; profit attributable to company owners was US$99.965 million, up 96.9% from US$508.44 million in the same period last year.
According to the announcement, looking back at this period, the Group's gross profit rose 1.1% to US$503.1 million, of which the gross profit of the manufacturing business rose 20.2% to US$254.1 million, mostly offset by the decline in Baosheng's gross profit. The gross margin of the manufacturing business increased 3.5 percentage points to 20.3% over the same period last year, mainly due to a significant increase in capacity utilization, flexible scheduling of production capacity, and results in cost reduction and efficiency.