Oriental Yuhong_ First Take_ 3Q24 miss on weak top-line and higher opex; strong cash flow; share buyback announced
2024-10-31 02:40
Oriental Yuhong (002271.SZ): First Take: 3Q24 miss on weak top-line and higher opex; strong cash flow; share buyback announced 29 October 2024 | 1:09AM HKT Nick Zheng, CFA +852-2978-1405 | nick.zheng@gs.com Goldman Sachs (Asia) L.L.C. Selina Yan +852-2978-0178 | shuling.yan@gs.com Goldman Sachs (Asia) L.L.C. Yan Lin +852-2978-7020 | yan.lin@gs.com Goldman Sachs (Asia) L.L.C. Oriental Yuhong reported its 3Q24 results after market close on Oct 28. 3Q24 net profit of Rmb334mn (-67% yoy) came in -27% below our ...