Financial News
Written by: Huang Wenqi
2021-07-05 09:22
The last update date: 2021-07-05 09:28
Vitasoy (0345) opened 11.22% lower this morning and reported 26.1 yuan, a record low since September 2020, and its market value evaporated 3.5 billion yuan.
A few days ago, an employee of Vitasoy committed suicide after being involved in the July 1st Causeway Bay assassination case.
Later, the group’s internal announcements aroused dissatisfaction among mainland netizens, questioning them about “beautifying violence” and “protecting terrorists”. Some netizens even claimed to want Vitasoy to “get out of the mainland!” The celebrity spokesperson of the Vitasoy brand in the mainland, Gong Jun, Ren Jialun announced the termination of all cooperation with Vitasoy last night.
As of the end of 2021, the group's revenue recorded 7.519 billion yuan.
Among them, the income from mainland China was 5.008 billion yuan, accounting for 66% of the total; as for Hong Kong, it recorded 1.865 billion yuan, accounting for 24.8%.
In fact, in recent years, the proportion of Vitasoy's income in mainland China has become the group's main source of income.
Since the 2016 fiscal year, the proportion of income from the Mainland has reached 43.3%, surpassing Hong Kong's 37.3%.
Until 2021, the proportion of income in the Mainland has continued to increase, while the proportion of income in Hong Kong has continued to fall.
Mainland traffic niche Gong Jun Ren Jialun issued a statement announcing the termination of the cooperative relationship with "Vitasoy"
July 1st Assassination of Police | More than 60% of Vitasoy’s revenue comes from China, if “sanctions” may affect its business
July 1st Assassin of Police | Vitasoy Notice Cited Controversial Mainland Endorsements and Cuts the Seats to See the Ins and Outs
Vitasoy