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We Like The Quality Of Xiwang FoodstuffsLtd's (SZSE:000639) Earnings
Xiwang Foodstuffs: Summary of Half-Year Report in 2024.
Xiwang Foodstuffs: Half-year report for the year 2024.
Xiwang Foodstuffs (000639.SZ): net income of 40.6517 million yuan in the first half of the year, turning losses compared to the same period last year.
Xiwang Foodstuffs (000639.SZ) released its semi-annual report for 2024, which reported revenue of 2.517 billion yuan, a year-on-year decrease of 7.91%; net income attributable to shareholders of listed companies was 40.6517 million yuan, compared to a loss in the same period last year; net income excluding non-recurring gains and losses attributable to shareholders of listed companies was 52.7623 million yuan; basic earnings per share were 0.0377 yuan.
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.
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