YanZhiWu: Expected H1 Profit of 50 Million Yuan

On July 17, YanZhiWu released its performance forecast for the first half of 2024, expecting to achieve revenue of 10.45 billion to 10.9 billion yuan, an increase of approximately 10% to 15% year-on-year. Net profit is expected to be between 50 million and 60 million yuan, a decrease of about 40% to 50%. The anticipated decline in net profit is attributed to the group’s implementation of a dual-endorser brand strategy. (Source: Foodaily)

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