002678 Guangzhou Pearl River Piano Group
- 3.78
- -0.03-0.79%
Guangzhou Pearl River Piano Group News
Pearl River Piano (002678.SZ): Proposed joint venture Guangzhou Pearl River Rui Feng Cultural Tourism Development Co., Ltd.
Gelonghui, May 21丨Pearl River Piano (002678.SZ) announced that in order to further implement the contents of the agreement, according to the company's strategic development direction and future business layout, the company plans to sign a “joint venture agreement” with Guangzhou Ruifeng Culture Communication Co., Ltd. (“Future Performing Arts Company”) and Guangzhou Future Performing Arts Engineering Co., Ltd. (“Future Performing Arts Company”) to jointly establish a joint venture company, Guangzhou Zhujiang Ruifeng Cultural Tourism Development Co., Ltd. The registered capital of the joint venture is RMB 10,000 million, of which Pearl River Piano plans to invest RMB 48 million, accounting for 48% of the registered capital; Rui Feng Culture plans to invest RMB 48 million
Pearl River Piano (002678.SZ) and Rui Feng Technology establish a strategic partnership in the field of cultural industry
Zhitong Finance App News, Pearl River Piano (002678.SZ) issued an announcement. On May 15, 2024, the company signed a “Strategic Cooperation Agreement” with Guangzhou Rui Feng Audio Technology Co., Ltd. (“Rui Feng Technology”). Based on the principles of equality and voluntariness, compliance with the law, and win-win cooperation, the two parties to the agreement give full play to their respective advantages, jointly promote cooperation in the field of cultural industry, and establish a strategic cooperative relationship. This cooperation includes: 1. Cultural industry cooperation: The two sides will carry out in-depth cooperation in the field of cultural industry to jointly invest, develop and operate cultural industry projects to promote the development and growth of the cultural industry. 2. Cultural items
Pearl River Piano (002678.SZ): Proposed transfer of property owned by a Hong Kong company
On May 7, Ge Longhui Piano (002678.SZ) announced that in order to revitalize the company's existing assets and improve asset operation efficiency, Guangzhou Pearl River Piano Group Co., Ltd. held the 26th meeting of the 4th board of directors on May 7, 2024 to review and pass the “Proposal on Asset Disposal”. The company plans to transfer the property owned by its wholly-owned subsidiary Hong Kong Music Trading Co., Ltd. (hereinafter referred to as the “Hong Kong Company”). The property is located in real estate (“Hong Kong Property” or “underlying asset”) in Room 2FD, Meiyamei Building, 13-15 Kanning Street, Causeway Bay, Hong Kong. The company plans to exchange property rights in Guangzhou
Investor Optimism Abounds Guangzhou Pearl River Piano Group Co.,Ltd (SZSE:002678) But Growth Is Lacking
When close to half the companies in the Leisure industry in China have price-to-sales ratios (or "P/S") below 3x, you may consider Guangzhou Pearl River Piano Group Co.,Ltd (SZSE:002678) as a stock to
Pearl River Piano (002678.SZ): Net loss of 1.687,700 yuan in the first quarter turned into a year-on-year loss
On April 29, Gelonghui | Pearl River Piano (002678.SZ) released its first quarter report. Operating income was 213 million yuan, down 42.88% year on year. Net loss of 19.687 million yuan was converted year on year, after deducting non-net loss of 20.9687 million yuan. The basic earnings per share were -0.01 yuan.
Pearl River Piano (002678.SZ): 2023 net profit of 5.885 million yuan, down 95.23% year on year
Gelonghui March 29 | Pearl River Piano (002678.SZ) released its 2023 annual report. Operating revenue was 1,128 billion yuan, down 32.05% year on year, net profit of 5.885 million yuan, down 95.23% year on year. After deducting non-net loss of 46.2 million yuan, it turned into a year-on-year loss, with basic earnings of 0.004 yuan per share. A cash dividend of 0.02 yuan is distributed to all shareholders for every 10 shares.
Investors Five-year Losses Continue as Guangzhou Pearl River Piano GroupLtd (SZSE:002678) Dips a Further 5.7% This Week, Earnings Continue to Decline
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But even the best stock picker will only win with some selections. At
Health Check: How Prudently Does Guangzhou Pearl River Piano GroupLtd (SZSE:002678) Use Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' When we thi
Pearl River Piano (002678.SZ): 2023 net profit pre-reduced by 95.94% — 96.88%
On January 30, Ge Longhui | Pearl River Piano (002678.SZ) announced its 2023 annual performance forecast. Net profit attributable to shareholders of listed companies during the reporting period was 3.85 million yuan to 5 million yuan, down 95.94% — 96.88% from the same period last year; net profit loss after deducting non-recurring profit and loss was 41 million yuan to 53 million yuan, down 137.62% to 148.63% from the same period last year; basic profit income per share was 0 yuan/share — 0.01 yuan/share. Reasons for changes in performance: 1. During the reporting period, due to factors such as the musical instrument industry, the company's piano sales declined sharply
Guangzhou Pearl River Piano Group Co.,Ltd's (SZSE:002678) Shareholders Might Be Looking For Exit
When close to half the companies in the Leisure industry in China have price-to-sales ratios (or "P/S") below 3.8x, you may consider Guangzhou Pearl River Piano Group Co.,Ltd (SZSE:002678) as a stock
Investors Who Have Held Guangzhou Pearl River Piano GroupLtd (SZSE:002678) Over the Last Three Years Have Watched Its Earnings Decline Along With Their Investment
Guangzhou Pearl River Piano Group Co.,Ltd (SZSE:002678) shareholders should be happy to see the share price up 11% in the last month. But that cannot eclipse the less-than-impressive returns over t
Pearl River Piano (002678.SZ): Subsidiaries receive 2.5 million yuan in government subsidies
Glonghui, October 31, Pearl River Piano (002678.SZ) announced that according to the “Guangzhou Municipal State-owned Assets Administration Commission's Approval on Support and Subsidy Funds for Development Funds in 2023” issued by the Guangzhou Municipal People's Government's State-owned Assets Supervision and Administration Committee, Guangzhou Zhujiang Kaiserburg Piano Co., Ltd., a wholly-owned subsidiary of the company, recently received a government subsidy of 2.5 million yuan, accounting for 0.07% of the company's most recent audited net assets.
Is Guangzhou Pearl River Piano GroupLtd (SZSE:002678) Using Debt Sensibly?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says 'The biggest investment risk is not the volatility of prices, but whether you will
Pearl River Piano (002678.SZ) released its first three quarter results, net profit of 6.4751 million yuan, a decrease of 93.54%
Pearl River Piano (002678.SZ) released its report for the third quarter of 2023, achieving revenue of 9.0 in the first three quarters...
Interpretation of Pearl River Piano 2023 Interim Report: Steady Management Under Performance Pressure
According to Pearl River Piano's 2023 interim report data, the company's revenue for the reporting period was 634,801,267.68 yuan, down 25.19% from 848,593,629.42 yuan in the same period last year. Meanwhile, net profit attributable to shareholders of listed companies was 25,268,889.66 yuan, down 60.62% from 64,163,858.80 yuan in the same period last year. However, net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 22,987,959.89 yuan, compared with 57,967,760.8 in the same period last year
Pearl River Piano (002678.SZ) reported net profit of 25.2689 million yuan for the second half of the year, down 60.62% from the previous year
Glonghui, August 25 | Pearl River Piano (002678.SZ) disclosed the 2023 semi-annual report, achieving operating income of 635 million yuan, down 25.19% year on year; net profit attributable to shareholders of listed companies was 25.2689 million yuan, down 60.62% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 22.988 million yuan, down 60.34% year on year; basic earnings per share.
Pearl River Piano (002678.SZ): Affected by factors such as macroeconomics and market consumption conditions at home and abroad, the growth rate of consumption in the musical instrument market has slowed, and the industry unleashes development resilience
GLONGHUY August 15丨Some investors asked Pearl River Piano (002678.SZ), “What does your company think the overall market size of the piano industry will expand and expand in size in the next three years?” Pearl River Piano replied that as a major global piano manufacturer and a major international piano consumer market, the domestic piano penetration rate is far below the level of Japan, Europe, and the US, and there is still plenty of room for growth in the future. However, due to factors such as macroeconomics at home and abroad and the market consumption environment, the growth rate of consumption in the musical instrument market has slowed, and the industry has unleashed development resilience.
Pearl River Piano (002678.SZ): Net profit expected to drop 59.48%-68.83% in the first half of the year
On July 14, | Pearl River Piano (002678.SZ) announced its 2023 semi-annual results forecast. Net profit attributable to shareholders of listed companies for the reporting period was 20 million yuan to 26 million yuan, down 59.48% — 68.83% from the same period last year; net profit profit after deducting non-recurring profit and loss was 18 million yuan to 23 million yuan, down 60.32%-68.95% from the same period last year; basic earnings per share were 0.01 yuan/share — 0.02 yuan/share. In the first half of 2023, the overall demand in the musical instrument market was weak due to the market consumption environment and education and training policies
Guangzhou Pearl River Piano GroupLtd (SZSE:002678) Earnings and Shareholder Returns Have Been Trending Downwards for the Last Five Years, but the Stock Rises 5.4% This Past Week
The main aim of stock picking is to find the market-beating stocks. But even the best stock picker will only win with some selections. At this point some shareholders may be questioning their invest
Does The Market Have A Low Tolerance For Guangzhou Pearl River Piano Group Co.,Ltd's (SZSE:002678) Mixed Fundamentals?
Guangzhou Pearl River Piano GroupLtd (SZSE:002678) has had a rough month with its share price down 8.1%. We, however decided to study the company's financials to determine if they have got anything
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