In today’s briefing:
- Dong E E Jiao (000423.CH) – Could the New Chairman Turn Things Around?
Dong E E Jiao (000423.CH) – Could the New Chairman Turn Things Around?
- The high price of EJiao discouraged consumers, leading to increasing inventory backlog in the distribution channel and reduction in payment collection, which finally resulted in Dong-E-E-Jiao’s net loss in 2019.
- Although the performance has showed a recovery trend since 2020,concerns on raw material shortage, low inventory turnover, single product structure, high selling expense ratio and fierce market competition still remain.
- There is still a long way to go for the Company to get back to peak, so we are conservative about Dong E E Jiaoco Ltd A (000423 CH)’s outlook.
Before it’s here, it’s on Smartkarma
