In the past four years, is this the "best start"? New Hope Liuhe expects to turn a profit in Q1 compared to the same period last year | Quick read announcement.

1. New Hope Liuhe is expected to achieve a net income of 0.43 billion to -0.5 billion yuan in the first quarter of this year, marking the first profit in the first quarter in nearly four years; 2. The decline in breeding costs and the dual increase in fodder quantity and profit are the main factors affecting the company's performance; 3. The company's revenue in 2024 will experience a decline for the first time in nearly 9 years.

cls.cnApr 2 11:57 ET

New Hope Liuhe expects a 122% year-on-year increase in Q1 Net income, turning from loss to profit, with a double decrease in breeding costs marking a turning point | Earnings Reports insights.

In 2024, New Hope Liuhe achieved a total operating income of 103.063 billion yuan, a year-on-year decrease of 27.27%; Net income was 0.474 billion yuan, a year-on-year increase of 90.05%. The company focuses on two core businesses: Fodder, Hog Farming, and Animal Slaughter, with improvements in production management, steady declines in farming costs, and since the second quarter, a recovery in the hog market, with prices higher than the same period last year.

wallstreetcnApr 2 08:04 ET

The "breeding heat" has led to an increase in piglet prices, listed pig companies are increasing piglet sales, and pasture companies are emerging丨Industry dynamics.

① Recently, the price of piglets has risen for three consecutive weeks, leading listed pig enterprises to increase piglet sales; ② Currently, breeding sows are being concentrated in listed pig enterprises and group pig enterprises, while smallholders mainly focus on piglet fattening and secondary fattening, and free-range farming companies are on the rise.

cls.cnMar 31 07:48 ET

Special Treat Tianbang turned losses into profits. Director Zhang Banghui admitted: 2024 will be a year of ups and downs | Interpretations

① In 2024, ST Tianbang achieved a Net income of 1.459 billion yuan attributable to the Shareholders of the listed company, a year-on-year increase of 150.58%, marking a turnaround from losses to profits; ② Chairman Zhang Banghui expressed to investors in the annual report that 2024 is a year of ups and downs; ③ ST Tianbang's financial pressure has eased somewhat, but the crisis still exists.

cls.cnMar 30 08:28 ET

The price of beef cattle is "constantly falling". Fortune Ng Fung Food's 2024 performance decline is nearly 50%丨Interpretations

1. Fortune Ng Fung Food's revenue and net income for 2024 both declined, with net income of 51.7 million yuan, down 47.56% year-on-year; 2. The company explained in its annual report that the significant drop in domestic live cattle and beef prices directly led to an increase in beef sales without an increase in profit; 3. Since the fourth quarter of last year, the pace of live cattle slaughter has noticeably accelerated in the domestic market, and the overall trend for domestic breeding cows has been a reduction, with the industry expecting a potential reversal and increase in beef prices by 2025.

cls.cnMar 21 09:36 ET

In 2024, Muyuan Foods turns losses into profits, with fixed asset depreciation first exceeding capital expenditures丨 Interpretations.

① In 2024, Muyuan Foods achieved total operating revenue of 137.947 billion yuan and a Net income of 17.881 billion yuan; ② This year, the depreciation of fixed Assets by Muyuan Foods exceeded capital expenditures for the first time.

cls.cnMar 19 08:58 ET