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MISSFRESH LIMITED

(MF)
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Missfresh : to Participate in the Upcoming Investor Conferences

08/30/2021 | 08:01am EDT

BEIJING, Aug. 30, 2021 (GLOBE NEWSWIRE) -- Missfresh Limited (“Missfresh” or the “Company”) (NASDAQ: MF), an innovator and leader in China’s neighborhood retail industry, today announced its participation in the following investor conferences:

  • Nomura China Investor Forum 2021
    Date: August 30 - September 3, 2021
    Location: Virtual
  • Goldman Sachs Food Forum
    Date: September 7-9, 2021
    Location: Virtual
  • China Merchants Securities First New Consumer Flagship Forum
    Date: September 9-10, 2021
    Location: Tiantai Hotel, Beijing
  • TF Securities Strategy Conference for Q3 2021
    Date: September 15, 2021
    Location: China World Hotel, Beijing
  • CITIC CLSA Flagship Investors’ Forum
    Date: September 13-17, 2021
    Location: Virtual

Management will meet with institutional investors throughout these events. For additional information, please contact your respective institutional sales representative at each sponsoring bank.

About Missfresh Limited

Missfresh Limited is an innovator and leader in China’s neighborhood retail industry. The Company invented the Distributed Mini Warehouse (DMW) model to operate an integrated online-and-offline on-demand retail business focusing on offering fresh produce and fast-moving consumer goods (FMCGs). Through the “Missfresh” mobile application and Mini Program embedded in third-party social platforms, consumers can easily purchase quality groceries at their fingertips and have the finest products delivered to their doorstep in 37 minutes on average.

Leveraging its core capabilities, Missfresh launched an intelligent fresh market business in the second half of 2020. This innovative business model is dedicated to standardizing and transforming fresh markets into smart fresh malls. Missfresh has also built up a full stack of proprietary technologies that empower a wide range of participants in the neighborhood retail business, such as supermarkets, fresh markets and local retailers, to jumpstart and efficiently operate their business in a digital way.

For more information, please visit: http://ir.missfresh.cn.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Missfresh Limited
Investor Relations
Tel: +86 (10) 5954-4422
Email: ir@missfresh.cn

The Piacente Group, Inc.
Jenny Cai
Tel: +86 (10) 6508-0677
Email: missfresh@tpg-ir.com

In the United States:

The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
Email: missfresh@tpg-ir.com


Source: Missfresh Limited

2021 GlobeNewswire, Inc., source Press Releases

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Analyst Recommendations on MISSFRESH LIMITED
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Financials
Sales 2021 7 931 M 1 240 M 1 240 M
Net income 2021 -4 037 M -631 M -631 M
Net cash 2021 2 178 M 340 M 340 M
P/E ratio 2021 -1,35x
Yield 2021 -
Capitalization 5 433 M 850 M 849 M
EV / Sales 2021 0,41x
EV / Sales 2022 0,48x
Nbr of Employees 1 335
Free-Float 77,5%
Chart MISSFRESH LIMITED
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 23,07 CNY
Average target price 72,92 CNY
Spread / Average Target 216%
EPS Revisions
Managers and Directors
Xu Zheng Chairman & Chief Executive Officer
Jun Wang Co-Chief Financial Officer & Director
Xi Chen Co-Chief Financial Officer
Yang Li Chief Technology Officer
Han Song Zhu Independent Director
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