Jonjee Hi-Tech (600872.CH): 2018H result review – Improvement in profitability and steady progress in regional sale network expansion October 25, 2018

Investment Summary

Jonjee Hi-Tech recorded a high growth ratio in 2018H1 with improved gross margin and expanded network. As a Leading Company in the Condiment Industry of China, it will continue to benefit from the rise of the sales structure caused by the sales upgrading, with strong brand advantage, continuous expansion of production scale and channels, and its
operating efficiency will still be on a steady growing trend. According to the latest forecast, we give the “Cautiously Accumulate” rating.

About the author

Profile photo of Zhang Jing

Zhang Jing
Phillip Securities (HK)

Bachelor Degree in Tongji University of Engineering; Master Degree in East China Normal University of finance. Currently covering the automobile and air sectors. She has years of experience in investment research and is good at combining analysis for the companies with industry prospects.

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