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The net profit of Laiyifen, the "first snack share", fell by more than 40%, and the controlling shareholder had reduced its holdings in violation of regulations

author:Leju Finance

Leju Finance Li Lan on April 26, Laiyifen (603777. SH) published its 2023 annual report and 2024 first quarter report. In 2023, Laiyifen's operating income will be 3.977 billion yuan, a year-on-year decrease of 9.25%; net profit attributable to shareholders of listed companies was 57 million yuan, down 44.09% year-on-year.

The net profit of Laiyifen, the "first snack share", fell by more than 40%, and the controlling shareholder had reduced its holdings in violation of regulations

In the first quarter of this year, Laiyifen's operating income was 1.061 billion yuan, a year-on-year decrease of 12.47%; deducted non-net profit of 47 million yuan, a year-on-year decrease of 24.91%.

The net profit of Laiyifen, the "first snack share", fell by more than 40%, and the controlling shareholder had reduced its holdings in violation of regulations

As of December 31, 2023, the total number of Laiyifen stores reached 3,685, an increase of 63 stores year-on-year. Among them: 1,910 directly-operated stores, a year-on-year decrease of 218; There were 1,775 franchised stores, an increase of 281 year-on-year, with franchised stores accounting for 48%, and the number of franchised contracted stores exceeded 614 throughout the year.

The net profit of Laiyifen, the "first snack share", fell by more than 40%, and the controlling shareholder had reduced its holdings in violation of regulations

It is worth noting that Laiyifen has previously had a situation where the controlling shareholder has reduced its holdings in violation of regulations. On March 28, Laiyifen announced that the company's controlling shareholder, Shanghai Aiwu Enterprise Management Co., Ltd. (hereinafter referred to as "Aiwu Enterprise Management"), received a decision on administrative supervision measures issued by the Shanghai Regulatory Bureau of the China Securities Regulatory Commission.

As a shareholder holding more than 5% of Laiyifen's shares, on May 22, 2023, the cumulative range of transactions (selling) through the stock exchange reached 5%, and the over-proportional sale of Laiyifen's shares reached 1.185% (excluding passive dilution of 0.1053%). Aiwu Enterprise Management fulfilled its obligation to announce changes in equity in accordance with the law, but when the cumulative range of transactions through the stock exchange reached 5%, it failed to fulfill the obligation to restrict sales, which violated the relevant regulations. Accordingly, the Shanghai Regulatory Bureau of the China Securities Regulatory Commission decided to take regulatory measures to order Aiwu Enterprise Management to make corrections.

According to the official website, Laiyifen, the "first stock of snacks on the main board", was founded in Shanghai in 2002, with 3600+ stores in more than 100 large and medium-sized cities across the country, becoming the preferred snack brand for 700 million people.

The net profit of Laiyifen, the "first snack share", fell by more than 40%, and the controlling shareholder had reduced its holdings in violation of regulations

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