Changes in Hong Kong stocks | Little Vegetable Garden (00999) rose more than 4%, and the company maintained its dividend strength. Institutions say profit margins are expected to improve steadily in the second half of the year

The Zhitong Finance App learned that Little Vegetable Garden (00999) rose by more than 4%. As of press release, it had risen 3.81% to HK$8.3, with a turnover of HK$22.815,800.

According to news, in the first half of this year, Little Vegetable Garden achieved revenue of 2,903 billion yuan, up 7% year on year; net profit to mother was 290 million yuan, down 24.2% year on year, mainly due to the company actively adjusting prices to improve cost performance, leading to an increase in raw material and employee costs as a share of revenue. Furthermore, the board of directors resolved to pay an interim dividend of $0.2139 per share, totaling approximately $250 million, with a dividend ratio of 86.3%. Societe Generale Securities believes that the company maintains strong dividends, and profit margins are expected to improve steadily in the second half of the year. It is recommended to continue to monitor same-store sales progress.