On July 9th, Gelonhui announced that Spring Snow Food (605567.SH) is expected to report a net loss attributable to the owner of the parent company of -48 to -36 million yuan and a net income excluding non-recurring gains and losses of -66 to -54 million yuan for the first half of 2024, compared with a profit in the same period last year.
In the first half of the year, due to the supply and demand relationship, weak consumer demand and long-term low prices of pork, the sales price of fresh chicken products has decreased significantly compared to the same period last year, and the sales volume of domestic adjustment products has not reached the budgeted sales volume.
