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Returns On Capital At Dekon Food and Agriculture Group (HKG:2419) Paint A Concerning Picture
DEKON AGR's Zhang Chao increased by 3% this afternoon. The company's sales of live pigs last year experienced a year-on-year increase of over 20%.
DEKON AGR (02419) rose 3.54% in the afternoon, currently reported at 30.70 Hong Kong dollars, with a transaction volume of 24.3329 million Hong Kong dollars. A relevant person in charge of DEKON AGR revealed that the company is accelerating its expansion outside the province, striving to achieve a "double increase" in stock and shipment volumes within the year. DEKON AGR will invest 10 million yuan to establish Hainan Desheng Xinkang Investment Co., Ltd. DEKON AGR previously announced that the company's 2024 Hog Sale revenue is expected to increase by 54% year-on-year to 18.87 billion yuan, with Hog Sale volume increasing by 24% year-on-year to 8.779 million heads; among which, Commodity hog sales are expected to increase by 28% year-on-year to 8.544 million heads, accounting for the Hog Sale.
DEKON AGR (02419.HK) sold 0.788 million live pigs in February.
On March 7, Gelonghui reported that DEKON AGR (02419.HK) announced that in February 2025, the company sold 788.16 thousand live pigs (including 674.21 thousand Commodity pigs), generating sales revenue of 1,453.69 million yuan. In February 2025, the average selling price of Commodity pigs was 15.33 yuan/kg, a decrease of 4.90% compared to January 2025. As of February 28, 2025, the company had sold a total of 1,594.83 thousand live pigs (including 1,458.50 thousand Commodity pigs), with sales revenue of 3,121.69 million yuan.
DEKON AGR (02419.HK) held a Board of Directors meeting on March 11 to consider and approve the annual performance.
Glory Financial reported on February 27 that DEKON AGR (02419.HK) announced that the Board of Directors will hold a meeting on Tuesday, March 11, 2025, to consider and approve the performance and publication of the company and its subsidiaries for the year ending December 31, 2024, and to consider the proposal for the distribution of a final dividend (if any).
DEKON AGR: DATE OF BOARD MEETING
Hong Kong stocks move | Agriculture Sector rises broadly in early trading. The central government's No. 1 document first mentions new quality productivity in agriculture. Institutions say that the policy is expected to drive a rebound in the over-sold Sec
Agriculture stocks rose broadly in the morning session. As of the time of writing, SHIYUE DAOTIAN (09676) increased by 17.28%, reaching 6.65 HKD; CH MODERN D (01117) rose by 7.62%, reaching 1.13 HKD; DEKON AGR (02419) increased by 6.19%, reaching 30.9 HKD; COFCO JOYCOME (01610) rose by 6.57%, reaching 1.46 HKD.