Changes in Hong Kong stocks | Yuyuan Group (00551) rose more than 4%. Net consolidated operating income increased 9.7% in September. Institutions say there is more room for profit repair

The Zhitong Finance App learned that Yuyuan Group (00551) rose more than 4%. As of press release, it had risen 4.5% to HK$15.34, with a turnover of HK$18.484,900.

According to the news, Yuyuan Group recently announced that in September 2024, the company's net consolidated operating income was US$660 million, an increase of 9.7% over the previous year. For the nine months ended September 30, 2024, the company's net consolidated operating income was US$6.075 billion, an increase of 1.5% over the previous year. Also, on November 11, the company will announce the results for the nine months ended September 30, 2024.

Zheshang Securities believes that the company's manufacturing business actively undertakes the return of orders from major brands, continues to explore new brands with great potential in the future to provide new momentum for growth, forward-looking global capacity layout, and plenty of room to improve profitability under fine management. The company's core strengths still exist, there is plenty of room for profit recovery, and the first “buy” rating was given.