On July 8th, Gelonhui announced its performance forecast for the first half of 2024. The net income attributable to shareholders of listed companies was 170 million yuan to 200 million yuan, a year-on-year decrease of 69.91% -64.60%, and the net income after deducting non-recurring gains and losses was 165 million yuan to 195 million yuan, a year-on-year decrease of 70.63% -65.29%. Basic earnings per share were 0.15 yuan/share-0.18 yuan/share.
Since May 2022, the reduction in the import volume of ancestral white feather broilers in China has begun to affect the output of 2024 commodity white feather broiler chicks. During the reporting period, the company's white feather broiler chicks decreased year-on-year. At the same time, affected by the low prices of white-feathered chicken meat and wool chickens, the sales unit price of white-feathered broiler chicks decreased compared to the previous period, and the company's main white-feathered broiler chick sales revenue decreased year-on-year, leading to a year-on-year decline in the company's net profit.
During the reporting period, the company continued to strengthen internal management, and continuously implemented efficiency improvement and cost reduction measures through refined operations, benchmarking, and cost control. Production efficiency steadily increased and unit costs steadily decreased. At the same time, the company continued to vigorously implement the Breeding Purification Strategy, comprehensively purifying avian leukosis, chicken white diarrhea, chicken bursal disease, and chicken septicemia, ensuring the health of seed sources, and highlighting product quality advantages. In addition to the overall reduction in commodity white feather broiler chicks, the company's broiler chick prices rose month-on-month during the reporting period, and the company's net profit increased significantly month-on-month.
