Summary by Moomoo AI
Cofco Joycome Food Co., Ltd. announced its interim report on June 30, 2024. The company's earnings for the reporting period were RMB 4.571 billion, a decrease of 21.4% compared to the same period last year's RMB 5.818 billion. The company recorded a net loss of RMB 0.389 billion before the fair value adjustment of biological assets, while in the same period last year, it recorded a net profit of RMB 0.168 billion. The comprehensive income for the period was RMB 0.244 billion, while in the same period last year, it was RMB 0.642 billion in comprehensive expenses. The board of directors decided not to declare any interim dividends. In addition, the company conducted various transactions with COFCO Group Limited and its subsidiaries, including sales of goods, purchases of commodities, interest income and expenses, etc. The company is ultimately controlled by COFCO Group Limited and became the ultimate holding company of the company on March 24, 2023.
