In a recent filing with the Securities and Exchange Commission, TH International Ltd, known for its retail eating spaces, disclosed its latest earnings report. The filing, dated Thursday, August 29, 2024, provides insight into the company's financial performance.
Headquartered in Shanghai, China, and operating under the organization name 07 Trade & Services, TH International has reported its financial results as required by the SEC for foreign private issuers. The company is incorporated in the jurisdiction labeled E9 and concludes its fiscal year on December 31.
The document, identified with the SEC file number 001-41516, was signed by Yongchen Lu, the Chief Executive Officer of TH International. It was filed in accordance with Form 6-K, which pertains to the monthly reporting requirement for foreign private issuers engaged in the securities market under the Securities Exchange Act of 1934.
While specific financial figures and performance metrics were not provided in this summary, the earnings release, listed as Exhibit 99.1 in the index of exhibits, contains the detailed financial results. As per the filing, the company will continue to file annual reports under Form 20-F, which is the standard reporting form for foreign private issuers listing equity shares on American exchanges.
TH International Ltd operates from its principal executive offices located at 2501 Central Plaza, 227 Huangpi North Road, Shanghai, People's Republic of China. It has a business presence in New York, with a business address at Cartesian Capital Group LLC, 505 5th Avenue, 15th Floor, New York, NY, 10017, indicating the company's international reach.
InvestingPro Insights
As TH International Ltd navigates the complexities of the retail eating space sector, it is important for investors to consider various financial metrics and trends that can impact the company's valuation and future performance. According to InvestingPro data, TH International has a market capitalization of $106.49 million, reflecting its size within the market. Despite a significant revenue growth of 41.25% over the last twelve months as of Q1 2024, the company's financials show a negative P/E ratio of -0.9, indicating that it is not currently profitable.
InvestingPro Tips suggest that TH International operates with a significant debt burden and may have trouble making interest payments, which is a crucial consideration for potential investors. The company's stock has also experienced high price volatility and has seen a considerable decline in price over various time frames, including a 66.44% drop over the last year. These factors, combined with the fact that the company does not pay dividends, could influence investment decisions.
For investors seeking a deeper dive into TH International's financial health, InvestingPro offers additional tips, including insights on the company's cash burn rate and short-term obligations. In total, there are 14 additional InvestingPro Tips available at https://www.investing.com/pro/THCH, which can provide a more comprehensive understanding of the company's financial position and market performance.
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