Zhongbai Group: some of the company’s stores have licenses to sell vaping products

Zhongbai Group (000759) responded to investor concerns on April 3 through its investor relations platform.

Investor: Does the company have a vaping product sales license?

Zhongbai Group Secretary: Some of the company's stores have licenses to sell vaping products. Thank you for your attention.

Zhongbai Group's 2022 annual report shows that the company's main revenue was 12.197 billion yuan, a year-on-year decrease of 1.08%; net profit attributable to the parent company was -320 million yuan, a year-on-year decrease of 1322.6%; and net profit excluding non-recurring items was -329 million yuan, a year-on-year decrease of 216.2%. In the fourth quarter of 2022, the company's single-quarter main revenue was 2.987 billion yuan, a year-on-year decrease of 0.21%; single-quarter net profit attributable to the parent company was -204 million yuan, a year-on-year decrease of 9212.04%; and single-quarter net profit excluding non-recurring items was -200 million yuan, a year-on-year decrease of 625.58%; the debt ratio was 77.6%, investment income was 17.1835 million yuan, financial expenses were 135 million yuan, and gross profit margin was 23.94%.

In the last 90 days, one institution has given a rating for this stock, with one buy rating. According to the financial data from the past five years, the valuation analysis tool from Securities Star shows that Zhongbai Group (000759) has a poor competitive moat in the industry, weak profitability, and poor revenue growth. Financial concerns may exist, and key financial indicators to watch include: accounts receivable/profit margin, growth in accounts receivable/profit margin over the past three years, and operating cash flow/profit margin. The stock has a good company indicator of 0.5 stars, a good price indicator of 2 stars, and a comprehensive indicator of 1 star. (Indicators are for reference only, with a range of 0 to 5 stars, with a maximum of 5 stars)

Zhongbai Group (000759) is a large chain enterprise primarily engaged in commercial retail, operating chain supermarkets and general merchandise, and also involved in pharmaceuticals, logistics distribution, property management, and import-export trade.