cryptogamesinplaystore| Changes in Hong Kong stocks| Yue Yuen Group (00551) rose by more than 4% again since the beginning of March, and its net profit in the first three months increased by 96.9% year-on-year
editor 2024-05-14 14:45:45 Finance 25
Yue Yuen Group (00551) has risen more than 4%, and its share price has nearly doubled since the beginning of March. As of press time, it increased by 4cryptogamesinplaystore.33%, reported at HK$15.92, with a turnover of HK$59.1564 million.
In the news, Yue Yuen Group issued an announcement that for the three months ended March 31, 2024, the groupcryptogamesinplaystoreOperating income was US$2.0036 billion, a decrease of 4.9% from the same period last year; profit attributable to owners of the company was US$99.965 million, an increase of 96.9% from US$50.844 million in the same period last year.
The announcement showed that during the period reviewed, the Group's gross profit increased by 1.1% to US$503.1 million, of which the gross profit of the manufacturing business increased by 20.2% to US$254.1 million, most of which was offset by the decline in gross profit of Paosheng. The gross profit margin of the manufacturing business increased by 3.5 percentage points to 20.3% compared with the same period last year, mainly due to the significant improvement in capacity utilization, flexible scheduling of production capacity, cost reduction and efficiency improvement.