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Report for the third quarter of 2024 of Xinjiang Guannong Co., Ltd.
Xinjiang Guannong (600251.SH) released its performance for the first three quarters, with a net income of 0.332 billion yuan, a year-on-year decrease of 47.19%.
Xinjiang Guannong (600251.SH) disclosed the third quarter report for 2024, achieving revenue of 28...
Xinjiang Guannong Co., Ltd. Semi-annual Report 2024.
Summary of Xinjiang Guannong Co., Ltd. Half-year Report in 2024
Xinjiang Guannong (600251.SH): net income in the first half of the year was RMB 0.302 billion, a year-on-year decrease of 35.17%.
On August 20, Guannong Shares (600251.SH) released its semi-annual report for 2024, achieving revenue of 2.402 billion yuan during the reporting period, a year-on-year decrease of 1.00%. Net income attributable to shareholders of listed companies was 0.302 billion yuan, a year-on-year decrease of 35.17%; net income attributable to shareholders of listed companies after deducting non-recurring gains and losses was 0.3 billion yuan, a year-on-year decrease of 36.18%; basic earnings per share were 0.3893 yuan. The main reason for the decline in net income was that the cost of product inventory increased due to the increase in purchase prices of cotton and tomato raw materials during the 2023 production season, while the market sales price did not increase significantly with the cost increase.
Xinjiang Guannong (600251.SH): Currently, the short-staple cotton products and inventory are both not large.
On July 25th, Gelunhui reported that on the investor interaction platform, a shareholder asked Guannong (600251.SH), "Does your company have a large amount of short-staple cotton reserves?" The company responded that it currently has 0.05 million tons of short-staple cotton processing capacity, and the cotton short-staple products and inventory are not large due to the project scheduled to be put into operation at the end of 2023.
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