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Xiwang Foodstuffs: 2024 Interim Performance Forecast
Xiwang Foodstuffs (000639.SZ): net income is expected to increase by 168%-188% compared to the same period last year.
On July 14th, GeLongHui announced the 2024 semi-annual performance forecast of Xiwang Foodstuffs (000639.SZ), with a net income of 35 million to 45 million yuan attributed to shareholders of the listed company, a year-on-year increase of 168% to 188%; net income after deducting non-recurring gains and losses of 46 million to 58 million yuan, YoY growth of 187% to 209%. During the reporting period, the cost of raw materials fell, and the price of main raw materials, embryo buds, fell by about 30% YoY. The product gross margin rate gradually increased. Facing changes in market demand, the management team closely focused on the company's business strategy and implemented refined management, and the operation was improved to ensure optimal utilization of resources while reducing costs.
Xiwang Foodstuffs (000639.SZ): Bulk oil accounts for a small proportion of the company's business, and is transported using specialized edible oil tank trucks.
On July 9th, Gelunhui reported that Xiwang Foodstuffs (000639.SZ) indicated on the investor interaction platform that the company has a relatively large proportion of corn germ oil packaging oil. The production process involves integrated production from raw materials to oil extraction and finished oil production, filling and packaging. Packaged oil is mainly transported by box trucks, not tank trucks. Bulk oil accounts for a small proportion of the company's business and is transported using dedicated edible oil tank trucks. The company strictly complies with the "Food Safety Law" and the "Bulk Edible Vegetable Oil Transportation Specification", and based on the company's specific business situation, has organized the development of the "Tank Inspection Management Regulations", which clearly stipulate the use of bulk edible oil transportation.
Xiwang Foodstuffs Co.,Ltd. (SZSE:000639) Not Doing Enough For Some Investors As Its Shares Slump 26%
The Xiwang Foodstuffs Co.,Ltd. (SZSE:000639) share price has fared very poorly over the last month, falling by a substantial 26%. Instead of being rewarded, shareholders who have already held throu
Xiwang Foodstuffs (000639.SZ): NMN is no longer sold domestically.
On June 18, Gelonhui reported that xiwang foodstuffs (000639.SZ) stated on their investor platform that due to changes in relevant regulations, NMN is no longer being sold domestically.
Xiwang FoodstuffsLtd (SZSE:000639) Sheds CN¥626m, Company Earnings and Investor Returns Have Been Trending Downwards for Past Three Years
Investing in stocks inevitably means buying into some companies that perform poorly. But the last three years have been particularly tough on longer term Xiwang Foodstuffs Co.,Ltd. (SZSE:000639) shar
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