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Yunnan Shennong Agricultural Industry Group Co., Ltd. 2024 Annual Results Forecast
Shennong Group (605296.SH): The net profit for 2024 is expected to be 0.61 billion yuan to 0.75 billion yuan.
On January 22, Gelonghui reported that Shennong Group (605296.SH) announced the annual performance forecast for 2024. According to preliminary calculations by the company's finance department, it is expected that the net income attributable to the owners of the parent company for the year 2024 will be between 610 million yuan and 750 million yuan, achieving a turnaround from losses compared to the same period last year (statutory disclosed data). It is expected that the net income attributable to the owners of the parent company, after deducting non-recurring gains and losses for the year 2024, will be between 621 million yuan and 761 million yuan.
Guosheng Securities: Pig prices stabilize before the holiday, and farming profits recover.
Due to the industry's consistent expectation of a drop in pig prices after the Spring Festival, there was a phenomenon of reducing weight and rushing to market before the holiday, but this also overspent the market supply before the Spring Festival. As concentrated stocking peaked before the holiday, pig prices are expected to stabilize and increase.
Be Wary Of Yunnan Shennong Agricultural Industry GroupLTD (SHSE:605296) And Its Returns On Capital
Announcement of the main operating data of the aquaculture business of Yunnan Shennong Agricultural Industry Group Co., Ltd. for December 2024
Shennong Group (605296.SH): The total sales revenue from live pigs in 2024 is 4.495 billion yuan.
On January 7th, Gelonghui reported that Shennong Group (605296.SH) announced that in December 2024, the company sold 0.2115 million live pigs (of which 0.1988 million were Commodities), with sales revenue of 0.404 billion yuan. Among this, 0.0364 million live pigs were sold to the group's internal Animal Slaughter enterprises. In December 2024, the price of the company's Commodities showed a downward trend, with an average sales price of 15.64 yuan/kg, a decrease of 6.40% compared to November 2024. From January to December 2024, the company sold a total of 2.2715 million live pigs (of which 2.1221 million were Commodities).