The restructuring revenue contributes to performance, and *ST Aonong is expected to turn a profit in 2024, with Assets likely turning positive | Interpretations
1. *ST Aonong expects to turn a profit in 2024, but will still be in a loss position after deducting non-recurring profit and loss; 2. The main reason for turning a profit is the reorganization income of 2.4 billion to -2.8 billion yuan; 3. The net assets in 2024 are expected to turn positive, and *ST Aonong may continue to eliminate the risk of financial (Delisted).
The competition in the Fodder Industry is intensifying; Bohen Group is expected to record losses just one year after going public | Interpretations
① The competition in the Fodder Industry has intensified, and Boen Group reported a loss just one year after going public, with the company expecting a net loss of 23 million to -29.9 million yuan in 2024; ② Boen Group indicated that in 2024, the company's revenue and product gross profit will decline compared to the same period last year.
The trend of pet ownership is sweeping across the country and abroad. Petpal Pet Nutrition Technology expects a significant increase in profits in 2024 | Interpretations
① The scale of pet owners both domestically and internationally continues to expand, with an increasing number of dogs and cats globally. The profitability of related companies in Pet Food and supplies in China is generally improving; ② Petpal Pet Nutrition Technology's Jueyan brand of dog snacks has a solid market position, and Jueyan's main food has made some progress on the Douyin platform.
The "Hot Cute Pets" initiative reactivates shelved projects, and Yantai China Pet Foods re-evaluates and continues the implementation of the annual 0.06 million tons pet food project | Quick read announcement.
① Yantai China Pet Foods announced that it has re-evaluated the "annual production of 0.06 million tons of high-quality pet dry food project" and will continue to implement it; ② The Pet Economy is booming, with the urban canine and feline consumer market scale in China soaring by 7.5% in 2024, breaking 300 billion yuan; ③ Yantai China Pet Foods achieved a Net income of 0.282 billion yuan in the first three quarters of 2024, a year-on-year increase of 59.54%.
Costs for 90% of pig enterprises have dropped to the range of 14 yuan: many companies say there is still room for cost reduction. Will profits stabilize next year? | Industry Observation
① 90% of the listed pork enterprises have reduced their costs to the range of 14 yuan per kilogram, including 5 enterprises such as Sunlon, Muyuan Foods, and Wens Foodstuff Group have reduced to the range of 13 yuan per kilogram; ② Many listed pork enterprises have indicated that there is still some room for cost reduction in the fourth quarter and next year; ③ Industry insiders believe that the cost reduction achievements have become the moat for the long-term development of pig enterprises. While helping companies expand profit margins, it also enhances the resilience of the companies against risks.
Pet food is selling well, and Petpal Pet Nutrition Technology's net profit in the first three quarters has increased by more than 6 times. | Financial report interpretation
petpal pet nutrition technology's net income in the first three quarters was 0.155 billion yuan, a year-on-year increase of 630.85%; ② The company's gross margin in the first three quarters was 28.01%, an increase of 11.19 percentage points compared to the same period last year.