Fortune Ng Fung Food has been repeatedly named in regulatory announcements for failing to disclose over 30 million yuan in related-party transactions in a timely manner | Express announcement.

①Due to various illegal operations such as failure to disclose related party transactions, hindering the exercise of independent director's duties, and transferring billions of funds without disclosure, Fortune Ng Fung Food was subject to administrative supervision by the Hebei Securities Regulatory Bureau at the end of October; ②Today, the company issued a rectification and review report, stating in relation to hindering the exercise of independent director's duties that there was a misunderstanding of relevant policies, failure to timely sign contracts with the review unit, leading to the failure to complete the review work on time.

cls.cnNov 29 08:12 ET

The Ministry of Industry and Information Technology guides photovoltaic enterprises to reduce capacity expansion; institutions indicate that the industry clearing shows initial signs.

①The Ministry of Industry and Information Technology has revised the "Normative Conditions for the Photovoltaic Manufacturing Industry" and the "Interim Measures for the Announcement and Management of Normative Conditions for the Photovoltaic Manufacturing Industry". It guides local areas to rationally layout photovoltaic manufacturing projects based on resource endowment and industrial foundation, and encourages intensive and clustered development. ②Last week, more than 20 silicon wafer companies held another industry self-discipline meeting online, aiming to coordinate production reduction and improve the current market environment.

cls.cnNov 20 19:05 ET

Chunxue Food: Focus on developing overseas markets, with export volume expected to increase by 40% year-on-year in 2024 | Direct coverage of the earnings conference

①Domestic chicken product sales and prices are below expectations, Chunxue Food's performance is under pressure this year; ②Director Zheng Weixin stated that the company's focus is on developing overseas markets, with exports expected to reach around 0.025 million tons in 2024, an increase of about 40%.

cls.cnNov 6 06:47 ET

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.

cls.cnNov 4 08:36 ET

Industry recovery and cost reduction efficiency improvement double blessings new hope liuhe debt ratio declined for two consecutive quarters | interpretations

①New Hope Liuhe achieved a net income of 0.153 billion yuan in the first three quarters, compared to a net loss of 3.858 billion yuan in the same period last year; ②The rebound of pork prices and cost reduction to increase efficiency are important factors in the company's performance improvement. The cost of fattening pigs in the company's mid-stream operation in October has dropped to 14.2 yuan/kg; ③The company's debt-to-asset ratio decreased to 70.85% as of the end of the third quarter, marking a continuous decline for two consecutive quarters.

cls.cnOct 30 09:40 ET

Yonghui Superstores' performance is under pressure in the first three quarters, planning to adjust and transform more than 40 stores before the Spring Festival. | Interpretations

① Yonghui Superstores achieved operating revenue of 54.549 billion yuan in the first three quarters, a year-on-year decrease of 12.14%; realized a net income attributable to the mother of -77.8657 million yuan, a decrease of 0.13 billion yuan from the same period last year. ② Yonghui Superstores revealed that by the Spring Festival, the number of renovated and relocated stores nationwide will reach approximately 40-50, adding multiple cities such as Shanghai, Lanzhou, Tianjin, Chongqing, Shenyang, and Shenzhen.

cls.cnOct 30 09:34 ET