On July 12th, Gelonhui announced Yan Tai Shuang Ta Food's (002481.SZ) performance forecasts for the first half of 2024. The net income attributable to shareholders of the listed company is estimated to be 50-60 million yuan, compared to a loss of 68.3867 million yuan in the same period last year; the net income after deducting non-recurring gains and losses is expected to be 48-58 million yuan, compared to a loss of 71.6318 million yuan in the same period last year. Basic earnings per share are expected to be 0.0405 yuan/share to -0.0486 yuan/share.
During the reporting period, the prices of main raw materials such as peas needed for the company's production decreased by about 10%, reducing the production cost of the company. At the same time, the sales of the company's high-gross-margin pea protein increased year-on-year.