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Bestore 

Bestore 
SSE

Leisure food research and development, processing and packaging and retail services professional brand chain operation company.

OVERVIEW

Categories
New Retail, E-Commerce, Fresh Food, Consumption Upgrade, Consumption Life, E-commerce Retail, FMCG, Refreshment Brand, B2C
HQ location
Hubei
Founded date
Aug. 1, 2010
IPO date
Feb. 24, 2020
Legal name
Hubei Liangpinpuzi Food Co., Ltd.
BESTORE was established in Wuhan in August 2006, and grew fast in Central China and expanded throughout China in the past 12 years. By August 2018, BESTORE has about 2,100 stores covering 13 provinces with 95 cities in the Chinese market. As a leading brand for snack, BESTORE owns 12 categories covering over 90 product lines and 1,200 products, and boasts 30 million VIPs. BESTORE is reputed as “the Kingdom of Snacks” with 400 million people's choice for it and ranks top for three consecutive years' sales.
603719:SSE
Transaction date
May. 25, 2020
52-week high
CNY 72.00
52-week low
CNY 18.85
Volume
368,261,910
Open
CNY 69.67
Close
CNY 74.53
P/E
93.65
Market cap
CNY 29.89 billion

ANALYSIS

Bestore continuous daily limit after the "cloud listing" , how should casual snacks companies value?

Bestore launched its IPO at 9 am on February 24, 2020, and raised a total of CNY 488 million. It became the first listed company in Hubei during the new coronavirus epidemic and the first listed company after the SSE launched an innovative model during the epidemic.

Mar. 11, 2020 · Bestore 

Bestore Completes the Leading Trio in China’s Healthy Snack Industry

Bestore, Three Squirrels and Be & Cherry are touted as the ‘BAT’ (Baidu, Alibaba, Tencent) of China’s healthy snack industry. However, the online sales spree is making for polarizing strategies among industry players.

Mar. 1, 2020 · Bestore  EO

Bestore "cloud listing", with a market value approaching 7 billion

Established in 2006, Bestore has planned to go public in Hong Kong as early as 2014. After listing in Hong Kong with no results, he moved to A shares and submitted the IPO application materials to the CSRC in June 2018. Today, it will finally be on the A-share stage.

Feb. 24, 2020 · Bestore 

REPORTS

良品铺子(603719.SH):High-end snacks first share, balanced development across the channel

It is estimated that the company's operating income for 2019-2021 will be CNY 7.702 billion, 9.04 billion, and 11.058 billion, respectively, a year-on-year increase of 21 %%, 17%, and 22%, and a net profit of CNY 335, 393, and 537 million, an increase of 40%, 18%, 37%, EPS is CNY 0.93, 0.98, 1.34, corresponding to the current stock price PE is 58, 55, 40 times

Mar. 25, 2020 · Bestore 

良品铺子(603719.SH):High-end strategy highlights advantages, new retail layout has taken shape

It is estimated that the EPS in 19-21 will be CNY 0.84 / 1.01 / 1.23 and the reasonable valuation in the next year is CNY 64.16-69.31 .

Mar. 18, 2020 · Bestore 

ANNOUNCEMENTS

Date Announcement
Apr. 28, 2020 On April 28, Beststore released annual report. 1) Net profit attributable to owners of the parent company in 2019 is CNY 340 million, an increase of 42.68% year-on-year; operating income is CNY 7.715 billion, an increase of 21.0% year-on-year; basic earnings per share are CNY 0.95, an increase of 44.0% year-on-year. 2) During the reporting period Core Competitiveness Analysis: 'High-end Snacks' strategy has initially established the high-end brand advantage of 'Beststore'; R & D advantage of industrial linkage upgrade; Omni-channel advantage of new retail empowerment; Advantage of efficient and agile smart supply chain; Leading informatization advantage .
Apr. 28, 2020 On April 28, Beststore released Q1 2020 report. 1) In the first quarter, the net profit attributable to owners of the parent company was CNY 87.97 million, a year-on-year decrease of 20.01%; the net profit attributable to shareholders of listed companies after deduction of non-recurring gains and losses decreased by 4.14%. Operating income was CNY 1.909 billion, up 4.0% year-on-year; basic earnings per share were CNY 0.24, down 20.0% year-on-year. 2) The weighted average return on net assets decreased by 5.48 percentage points. Net cash flow from operating activities decreased by 16.33%.
Mar. 20, 2020 From July to the disclosure date of this announcement, Bestore and its holding subsidiaries have received government subsidy funds totaling CNY 41,322,064.23. The above funds are included in the current profit and loss of the company as income-related government subsidies. This time The announced government subsidy is expected to affect the company's profit and loss for the year 2019 of CNY 24,828,820.75 (data not audited), and the company's profit and loss for the year 2020 is expected to be CNY 16,493,243.48.<br/>
Mar. 6, 2020 The company and its holding subsidiaries use idle self-owned funds with a maximum amount of not more than CNY 1.5 billion for cash management, and the period is 12 months from the date when the proposal is considered and approved by the company's shareholder meeting. Li & Fung Backgammon's USD 809 million.<br/>
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Overview
Categories
New Retail, E-Commerce, Fresh Food, Consumption Upgrade, Consumption Life, E-commerce Retail, FMCG, Refreshment Brand, B2C
HQ location
Hubei
Founded date
Aug. 1, 2010
IPO date
Feb. 24, 2020
Legal name
Hubei Liangpinpuzi Food Co., Ltd.
BESTORE was established in Wuhan in August 2006, and grew fast in Central China and expanded throughout China in the past 12 years. By August 2018, BESTORE has about 2,100 stores covering 13 provinces with 95 cities in the Chinese market. As a leading brand for snack, BESTORE owns 12 categories covering over 90 product lines and 1,200 products, and boasts 30 million VIPs. BESTORE is reputed as “the Kingdom of Snacks” with 400 million people's choice for it and ranks top for three consecutive years' sales.
603719:SSE
Transaction date
May. 25, 2020
52-week high
CNY 72.00
52-week low
CNY 18.85
Volume
368,261,910
Open
CNY 69.67
Close
CNY 74.53
P/E
93.65
Market cap
CNY 29.89 billion
Analysis

Bestore continuous daily limit after the "cloud listing" , how should casual snacks companies value?

Bestore launched its IPO at 9 am on February 24, 2020, and raised a total of CNY 488 million. It became the first listed company in Hubei during the new coronavirus epidemic and the first listed company after the SSE launched an innovative model during the epidemic.

Mar. 11, 2020 · Bestore 

Bestore Completes the Leading Trio in China’s Healthy Snack Industry

Bestore, Three Squirrels and Be & Cherry are touted as the ‘BAT’ (Baidu, Alibaba, Tencent) of China’s healthy snack industry. However, the online sales spree is making for polarizing strategies among industry players.

Mar. 1, 2020 · Bestore  EO

Bestore "cloud listing", with a market value approaching 7 billion

Established in 2006, Bestore has planned to go public in Hong Kong as early as 2014. After listing in Hong Kong with no results, he moved to A shares and submitted the IPO application materials to the CSRC in June 2018. Today, it will finally be on the A-share stage.

Feb. 24, 2020 · Bestore 
Reports

良品铺子(603719.SH):High-end snacks first share, balanced development across the channel

It is estimated that the company's operating income for 2019-2021 will be CNY 7.702 billion, 9.04 billion, and 11.058 billion, respectively, a year-on-year increase of 21 %%, 17%, and 22%, and a net profit of CNY 335, 393, and 537 million, an increase of 40%, 18%, 37%, EPS is CNY 0.93, 0.98, 1.34, corresponding to the current stock price PE is 58, 55, 40 times

Mar. 25, 2020 · Bestore 

良品铺子(603719.SH):High-end strategy highlights advantages, new retail layout has taken shape

It is estimated that the EPS in 19-21 will be CNY 0.84 / 1.01 / 1.23 and the reasonable valuation in the next year is CNY 64.16-69.31 .

Mar. 18, 2020 · Bestore 
Announcements
Date Announcement
Apr. 28, 2020 On April 28, Beststore released annual report. 1) Net profit attributable to owners of the parent company in 2019 is CNY 340 million, an increase of 42.68% year-on-year; operating income is CNY 7.715 billion, an increase of 21.0% year-on-year; basic earnings per share are CNY 0.95, an increase of 44.0% year-on-year. 2) During the reporting period Core Competitiveness Analysis: 'High-end Snacks' strategy has initially established the high-end brand advantage of 'Beststore'; R & D advantage of industrial linkage upgrade; Omni-channel advantage of new retail empowerment; Advantage of efficient and agile smart supply chain; Leading informatization advantage .
Apr. 28, 2020 On April 28, Beststore released Q1 2020 report. 1) In the first quarter, the net profit attributable to owners of the parent company was CNY 87.97 million, a year-on-year decrease of 20.01%; the net profit attributable to shareholders of listed companies after deduction of non-recurring gains and losses decreased by 4.14%. Operating income was CNY 1.909 billion, up 4.0% year-on-year; basic earnings per share were CNY 0.24, down 20.0% year-on-year. 2) The weighted average return on net assets decreased by 5.48 percentage points. Net cash flow from operating activities decreased by 16.33%.
Mar. 20, 2020 From July to the disclosure date of this announcement, Bestore and its holding subsidiaries have received government subsidy funds totaling CNY 41,322,064.23. The above funds are included in the current profit and loss of the company as income-related government subsidies. This time The announced government subsidy is expected to affect the company's profit and loss for the year 2019 of CNY 24,828,820.75 (data not audited), and the company's profit and loss for the year 2020 is expected to be CNY 16,493,243.48.<br/>
Mar. 6, 2020 The company and its holding subsidiaries use idle self-owned funds with a maximum amount of not more than CNY 1.5 billion for cash management, and the period is 12 months from the date when the proposal is considered and approved by the company's shareholder meeting. Li & Fung Backgammon's USD 809 million.<br/>