In the past four years, is this the "best start"? New Hope Liuhe expects to turn a profit in Q1 compared to the same period last year | Quick read announcement.

1. New Hope Liuhe is expected to achieve a net income of 0.43 billion to -0.5 billion yuan in the first quarter of this year, marking the first profit in the first quarter in nearly four years; 2. The decline in breeding costs and the dual increase in fodder quantity and profit are the main factors affecting the company's performance; 3. The company's revenue in 2024 will experience a decline for the first time in nearly 9 years.

cls.cnApr 2 11:57 ET

New Hope Liuhe expects a 122% year-on-year increase in Q1 Net income, turning from loss to profit, with a double decrease in breeding costs marking a turning point | Earnings Reports insights.

In 2024, New Hope Liuhe achieved a total operating income of 103.063 billion yuan, a year-on-year decrease of 27.27%; Net income was 0.474 billion yuan, a year-on-year increase of 90.05%. The company focuses on two core businesses: Fodder, Hog Farming, and Animal Slaughter, with improvements in production management, steady declines in farming costs, and since the second quarter, a recovery in the hog market, with prices higher than the same period last year.

wallstreetcnApr 2 08:04 ET

Investing nearly 0.4 billion, including Baoneng Autos' land in Xi'an, BYD continues to "acquire land" to expand its Battery footprint.

① On March 28, West Xi'an BYD acquired the usage rights of a state-owned construction land in the Qinhan New City of West Xi'an New District at a price of 0.375 billion yuan, which included the original site used by Baoneng Autos. ② The acquired land does not include the original factory buildings of Baoneng Autos, and the construction purpose does not involve complete vehicles. ③ As early as January this year, West Xi'an BYD had previously acquired the usage rights of a construction land area of approximately 1323.96 acres for a price of 0.398 billion yuan.

cls.cnApr 2 01:41 ET

Saudi family businesses partner with Chongqing Changan Automobile to explore the South African market, with the first batch of models set to launch in the fourth quarter.

Chongqing Changan Automobile has signed a dealership agreement with Saudi Anli Jie Automobile to sell SUVs, sedans, pickups, and Electric Vehicles in the South African market; Anli Jie Automobile will primarily promote the Changan and Deep Blue brands, with the first models expected to launch in South Africa in the fourth quarter of 2025; Previously, Anli Jie had also collaborated with Chinese automotive brands such as BYD, GAC, and Geely, targeting markets in Turkey, Morocco, Egypt, and Albania.

cls.cnApr 2 00:38 ET

Vanke won the battle to protect its cash flow.

Emerging from the pain.

wallstreetcnMar 31 11:28 ET

Q1 performance has seen high growth year-on-year. Satellite Chemical: gross margin maintains a good level. This year, there are plans to launch three projects.| Interpretations

① Thanks to the launch of new projects and the decline in raw material prices, the company achieved significant growth in Q1; ② In 2024, the gross margin for the company's functional Chemicals and new Materials will increase by 4.78 percentage points and 5.49 percentage points respectively; ③ This year, the company plans to put into production a project with an annual output of 200,000 tons of refined acrylic acid, an annual output of 80,000 tons of new pentylene glycol, and a joint venture project with SK company with an annual output of 40,000 tons of EAA.

cls.cnMar 31 11:11 ET