HongKong:2411

The Next Golden Decade of Pagoda: Dominating the Global Fruit Market by Seizing Four Opportunities in the Industry

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星期五, 一月 12, 2024

In recent years, the fruit retailing industry has entered a stage of diversification and homogenization despite the complex and evolving environment.

Key Points: 
  • In recent years, the fruit retailing industry has entered a stage of diversification and homogenization despite the complex and evolving environment.
  • Derived from fruit retailing markets worth over RMB 1 trillion, the high-quality fruit retail sector is now booming.
  • "In light of trends of industry development, market scale and consumption upgrading, prioritizing high-quality development is crucial for the organization and the entire industry.
  • "By seizing the four opportunities in the fruit industry, we will optimize our organizational structure and establish three business groups and an overseas committee.

Pagoda forays into B2B business with Banguo buyout

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星期二, 十月 31, 2023

SHENZHEN China, Oct. 31, 2023 /PRNewswire/ -- Shenzhen Pagoda Investment Co.,Ltd., a wholly-owned subsidiary of leading Chinese fruit retail chain Pagoda, entered into an equity transfer agreement with Shenzhen Tiantu Dfp Investment Consulting Centre on 10th October, whereby the former would acquire 19.58 per cent of Shenzhen Banguo Technology Co.'s equity. Upon completion, B2B fruit platform Banguo will become an indirect affiliate of Pagoda, with roughly 51 per cent of equity held by Pagoda.

Key Points: 
  • Upon completion, B2B fruit platform Banguo will become an indirect affiliate of Pagoda, with roughly 51 per cent of equity held by Pagoda.
  • Evidently, relative to Pagoda's consumer-facing business, Banguo has greater potential for growth of GMV and market share.
  • Relying on its retail business alone, Pagoda can at most capture a 10 per cent market share in an ideal scenario.
  • To that end, Pagoda will empower Banguo in terms of model upgrades, purchasing capabilities, industrial resources, digital information systems and more" adds Yu.

Pagoda Group Profit Attributable to the Owners of the Company Surges 40.4% in FY2022

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星期三, 三月 29, 2023

The Group's profit attributable to the owners of the Company increased by 40.4% YoY to RMB323.3 million, with basic earnings per share at RMB0.216 (FY2021: RMB0.154).

Key Points: 
  • The Group's profit attributable to the owners of the Company increased by 40.4% YoY to RMB323.3 million, with basic earnings per share at RMB0.216 (FY2021: RMB0.154).
  • Mr. Yu Huiyong, Chairman and Executive Director of Pagoda Group said: "I am very pleased to report that the Group has delivered stellar performance in 2022.
  • Pagoda Group is one of the few companies in the fruit industry in China that have both well-known product brands and channel brands.
  • Pagoda Group adopts a customer-centric approach and has mapped out its development strategies supporting its mission and core value.