Changes in Hong Kong stocks | Bama Tea (06980) rose more than 4%. In January, the stock price has risen cumulatively by more than 50% in the first half of the year, and profitability has increased dramatically

The Zhitong Finance App learned that Bama Tea (06980) has risen by more than 4%, and its stock price has increased by more than 50% in January. As of press release, it rose 4.27% to HK$33.7, with a turnover of HK$4.45 million.

According to news, in the first half of this year, the Bama Tea Industry achieved revenue of 1,401.5 billion yuan, an increase of 31.8% over the previous year; the company's equity shareholders should have accounted for 198 million yuan in profit, an increase of 65.3% over the previous year. At the same time, the company paid an interim dividend of 1.2 yuan per share, totaling about 100 million yuan (tax included). Specifically, tea products are the company's main source of revenue. Revenue in the first half of this year increased by 34.5% over the same period last year, a significant increase. Among them, tea combinations, oolong tea, and black tea increased significantly.

According to Open Source Securities, the company's gross margin in the first half of the year was 54.6%, a slight decrease of 0.7 pct from the previous year, mainly due to increased transportation and storage costs. However, thanks to scale effects and fine management, the cost ratio was significantly optimized, and the sales/management expense ratio was -2.9 pct/-1.5 pct, respectively. In addition, sales revenue from high-margin self-produced products was +43.0% year-on-year, the self-production rate increased from 56.1% to 60.8%, and the product structure continued to be optimized. Under the combined influence, the company's net interest rate to mother rose sharply to 14.1%, and profitability increased significantly.