Q: What is EAST BUY(01797) 2024Q4 Earnings Summary?
Bullish Points:
1. The gross margin increased from 32.9% to 33.6%, attributed to the healthy development of self-operated products and live e-commerce business.
2. Other income, gains, and losses increased by 83.0% to RMB 113.9 million, mainly due to fair value changes and exchange gains.
3. The adjusted net profit from continuing operations, excluding the financial impact of the sale of "Yuhui Tongxing," was RMB 32.7 million.
4. The company had no bank loans or other borrowings during the reporting period and does not plan to incur any borrowings within the next 12 months.
5. The company repurchased approximately 5,883,000 shares on the Hong Kong Stock Exchange for a total consideration of HKD 98,742,235 during the reporting period.
Bearish Points:
1. Total revenue decreased by 9.3% to RMB 2,186.6 million compared to the same period in 2023.
2. Gross profit for the period was down from RMB 794.2 million to RMB 735.1 million.
3. The company reported a net loss of RMB 96.5 million from continuing operations, compared to a net profit of RMB 160.7 million in the same period in 2023.
4. Sales and marketing expenses increased by 24.3% to RMB 459.3 million, primarily due to higher employee costs.
5. R&D expenses increased by 11.9% to RMB 68.0 million, mainly due to investments in internet technology systems and applications for self-owned brands and live e-commerce business.
6. Administrative expenses increased by 180.7% to RMB 391.9 million, mainly due to the distribution of all remaining undistributed profits of "Yuhui Tongxing."
7. The company had cash and cash equivalents of RMB 1,705.7 million as of November 30, 2024, compared to RMB 2,262.5 million as of May 31, 2024.
The final result you summarize based on positive and negative content needs to be objective, neutral, and dialectical.
For more information, you can read the original text of EAST BUY(01797)'s financial report
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
