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Zhongmin Baihui reports earnings of RMB23.8 mil for FY2024, 29.5% higher y-o-y
Zhongmin Baihui Retail Group, a Singapore-listed operator of department stores in China, has reported earnings of RMB23.8 mil ($4.36 million) for FY2024 ended June 30, up 29.5% y-o-y.
However, the group&rsquo s earnings for 6MFY2024 ended June 30, was down 21.8% y-o-y from the same period in 2023.
Earnings per share stood at 12.42 RMB cents for FY2024, up from a share of 11.08 RMB cents in FY2023.
The group&rsquo s revenue saw a 1.7% y-o-y increase to RMB983.8 million in FY2024, which was largely due to the increase in sales of gold and Maotai liquor.
Similarly, the group&rsquo s gross profit for FY2024 was up 7.3% at RMB231.8 million on the back of higher revenue and gross profit margin. Gross profit margin in FY2024 stood at 23.6%, up from 22.3% in FY2023 due to an increase in the gross profit margin of gold.
A final dividend of 1 cent per share has been declared for the year, unchanged y-o-y.
Zhongmin Baihui enters JV to operate retail space
Zhongmin Baihui Retail Group has partnered Mingfa (Longhai) Real Estate to operate a retail space in a mall.This comes after the retail company' s wholly owned subsidiary Zhongmin Baihui (China) Retail Group and Mingfa (Longhai) signed an agreement on July 26 to establish a JV company.
Zhongmin Baihui (China) and Mingfa (Longhai) will have shareholdings of 30% and 70%, respectively, in the JV company, which has a registered share capital of RMB18 million ($3.8 million).
The JV company will operate a 90,000 sqm of built-up area of retail space in Longhai Mingfa Commercial Square for 20 years.
Zhongmin Baihui says the transaction will be funded through its internal resources.
It adds that the transaction is not expected to have any material impact on its earnings and net tangible assets for the financial year ending Dec 31, 2021.
Shares of Zhongmin Baihui were last traded at 70 cents on July 28.
Zhongmin Baihui to purchase $23.7 mil worth of distilled wine from Kweichow Moutai Group
Zhongmin Baihui Retail Group, a Singapore-listed operator of department stores in China, announced that it has signed a direct sales agreement with a unit of Kweichow Moutai Group worth RMB120 million (S$23.7 million).
The signing ceremony was held on June 18, at the Moutai International Hotel in Maotai, Guizhou. Zhongmin Baihui is one of 22 companies at the ceremony to sign different sales agreements with the group.
Under the agreement, Zhongmin Baihui will purchase some 36 tonnes of baijiu (distilled wine) from Kweichow Moutai. Kweichow Moutai baijiu is a premium liquor brand in China, and is considered a popular gift item among the Chinese.
&ldquo The Group is proud to be among the reputable companies selected to sign distribution agreements with the Kweichow Moutai Group. This is a testament of the continual advancement of the good standing the Group has achieved in the retail sector,&rdquo says Lee Swee Keng, executive chairman of Zhongmin Baihui.
https://www.theedgesingapore.com/news/contracts/zhongmin-baihui-purchase-237-mil-worth-distilled-wine-kweichow-moutai-group
https://www.theedgesingapore.com/news/contracts/zhongmin-baihui-purchase-237-mil-worth-distilled-wine-kweichow-moutai-group
Last:0.635 Vol:7k 
+0.005
supermarket Charlie boom town in covid
nav $1.08
gd luck dyodd
+0.005supermarket Charlie boom town in covid
nav $1.08
gd luck dyodd
Zhongmin Baihui Retail Group
TUE, MAR 31, 2020 - 8:43 AM
The mainboard-listed operator of more than a dozen malls in China posted a net loss of 5.8 million yuan (S$1.16 million) for its fourth quarter ended Dec 31, 2019, widening from a net loss of 6.6 million yuan the year before. The counter closed flat at 62.5 Singapore cents on Monday, before the results were released.
https://www.businesstimes.com.sg/stocks/stocks-to-watch-dbs-singtel-singapore-airlines-city-dev-flt-fcot
What' s up with this? Volume so low still can fly like that?
Very few shareholders.....beware....
machidrain ( Date: 06-Feb-2016 10:50) Posted:
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monday confirm crash. prepare to short.
Will this counter crash after sgx finding??........
see ...funnhy or not...and people make noise why for instance a penny stock whose nav is ard 3 us cents shd be valued at 6 cents by the market even though it is making profits and paying dividends... really BLIND investors we have....
yiewkhong ( Date: 04-Oct-2013 21:07) Posted:
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SGX wont go around check and suspend listed company.
Listed companies are trusted to follow cooperate governance with independent directors sitting on board to safe guard minority shareholder interest.
I am not saying a 8 cents NAV company cannot be priced at $2 but the risk is extremely high unless the company is making tons of money ie super high EPS.
Just my 2 cents worth.
yiewkhong ( Date: 04-Oct-2013 21:07) Posted:
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how come no suspension from sgx????
Still promoted to main board from fatalist.
I am really confused
akchua ( Date: 04-Oct-2013 20:53) Posted:
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NAV of ZMBH is only 8 cents and the company is making losses last quarter.
Highly cornered stock plus it is a S-chip.
Try to avoid this stock.
$0.30+ to $1.73
SGX welcomes Zhongmin Baihui Retail Group to Mainboard
Singapore Exchange (SGX) is pleased to welcome the listing of Zhongmin Baihui Retail Group on Mainboard, under the stock code, ?5SR?.
First listed on Catalist in 2011, Zhongmin Baihui Retail Group operates 10 department stores in Xiamen, Quanzhou and Zhangzhou cities in Fujian province and Nanjing city in Jiangsu province, China.
Chen Kaitong, CEO and Executive Director of Zhongmin Baihui Retail Group, said: ?Our goal is to be the leading department store operator in Fujian province, and this transfer to the Mainboard cements our position as a premier Singapore-listed stock with direct exposure to the retail industry in China. We hope that this transfer will raise our profile among the investment community and help us to grow even further. We are grateful to all our shareholders, business partners, staff, and customers who have contributed to our success.?
...last: $1.735...
Ya recently doing better, looks like further upside get stronger. Blumont notice it since 0.80 punt in & out but stopped and keep moving. Just went in again since now forming another flag. Momentum still haven't stop yet.
wendel ( Date: 31-Aug-2013 10:06) Posted:
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This stk on 5 Aug issued a circular...transfer to sgx mainboard....must hv done well to make that move...indeed chart wise is doing freaking well too.
wendel ( Date: 31-Aug-2013 10:01) Posted:
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Was looking thru sgx circulars to anticipate coy stk px rising when closing in to their Rights/warrant issue, share chg hands...etc. saw this stk n like blumont...climb n climb.
susan66 ( Date: 31-Aug-2013 01:27) Posted:
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Where did you dig that out? It was 2 years ago! Once upon a time this really can jump. Recently has accumulated very long, may still have chance to move further, has formed triple flag already.
wendel ( Date: 30-Aug-2013 23:13) Posted:
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I don't see any value to go long for this counter at current price level.
Since it IPO at 30cents, it has risen over to 1 buck in a very short time frame and has been frozen out for months till recently when news came out on transfer to mainboard from catalist.
There are better retailer counters to hold long term out there.
Could be good for intraday traders maybe but not for longer term investment in my view
Since it IPO at 30cents, it has risen over to 1 buck in a very short time frame and has been frozen out for months till recently when news came out on transfer to mainboard from catalist.
There are better retailer counters to hold long term out there.
Could be good for intraday traders maybe but not for longer term investment in my view
wendel ( Date: 30-Aug-2013 23:13) Posted:
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