The price of beef cattle is "constantly falling". Fortune Ng Fung Food's 2024 performance decline is nearly 50%丨Interpretations

1. Fortune Ng Fung Food's revenue and net income for 2024 both declined, with net income of 51.7 million yuan, down 47.56% year-on-year; 2. The company explained in its annual report that the significant drop in domestic live cattle and beef prices directly led to an increase in beef sales without an increase in profit; 3. Since the fourth quarter of last year, the pace of live cattle slaughter has noticeably accelerated in the domestic market, and the overall trend for domestic breeding cows has been a reduction, with the industry expecting a potential reversal and increase in beef prices by 2025.

cls.cnMar 21 09:36 ET

Debt-for-equity Swaps have nearly doubled the returns of SPIC Industry-Finance Holdings in nuclear energy over five years, and China Life Insurance has raised stakes in SPIC Industry-Finance Holdings looking to establish an exit route.

① In 2018, China Life Insurance entered the electric investment in nuclear energy in the form of 8 billion in Debt-for-equity Swaps to ease the financial burden. The latest asset valuation of electric investment in nuclear energy is 57.123 billion yuan, and the value of shares held by China Life Insurance has reached 15.2 billion. In just five years, the returns have nearly doubled. ② Industry insiders believe that China Life Insurance initially held equity in real enterprises in a phased manner through Debt-for-equity Swaps, and now it can exit normally, obtaining shares of the listed company.

cls.cnMar 19 02:53 ET

Two Sessions Time | National People's Congress Representative, Lu Qingguo from Chenguang Biotech Group: Improve the quality standards of Chinese Patent Medicine, regulate the centralized procurement model for Traditional Chinese Medicine, and optimize the

① Lu Qingguo, Director of Chenguang Biotech Group and a representative of the National People's Congress, focused on several recommendations at this year's Two Sessions, including optimizing the procurement mechanism for Traditional Chinese Medicine, enhancing the quality standards for Chinese Patent Medicine, and standardizing the Traditional Chinese Medicine granule industry; ② In addition to recommendations related to the Traditional Chinese Medicine industry, Lu Qingguo prepared several suggestions on rural social retirement insurance, rural medical insurance, and increasing support for companies sanctioned by the United States.

cls.cnMar 2 21:09 ET

40 billion! BBMG Corporation breaks through financing, still spending billions in Beijing during the period of losses.

① The longstanding state-owned enterprise BBMG Corporation has received approval for financing of up to 40 billion, sparking heated discussions in the market; ② BBMG Corporation has performed poorly in recent years, and for 2024, it is expected that the adjusted Net income loss will be between 2.8 billion and -3.1 billion yuan, yet it continues to spend hundreds of millions to acquire land in Beijing during this loss period.

cls.cnFeb 27 09:10 ET

The competition in the wind power industry has reached the component sector, and Tongyu Heavy Industry expects to incur losses in the peak season of Q4 last year. | Interpretations

On the evening of the 21st, Tongyu Heavy Industry announced that it expects a significant decline in performance of about 80% in 2024. According to the company's forecast data, there will be losses in the normally busy fourth quarter. The company stated that intensified competition in the wind power industry and falling product prices have greatly impacted its performance.

cls.cnJan 21 08:06 ET

Jointo Energy Investment's non-recurring net profit increased by more than 50 times last year, with profits from the thermal power main business rising. | Interpretations

① Jointo Energy Investment expects that the net income attributable to the parent will increase nearly 1.8 times year-on-year in 2024; the net income after deducting non-recurring gains and losses is expected to increase by more than 55 times year-on-year; ② Regarding the reasons for the performance changes, Jointo Energy Investment stated that in 2024, the company will achieve an increase in power generation and heating volume year-on-year, while fuel costs will decrease year-on-year.

cls.cnJan 20 10:10 ET