MINHE(002234)2024-07-09 10:55Financial Performance - The estimated net loss for the first half of 2024 is projected to be between 170 million and 195 million CNY, compared to a loss of 39.9 million CNY in the same period last year [3]. - The estimated loss after deducting non-recurring losses is projected to be between 175 million and 200 million CNY, compared to a loss of 41.15 million CNY in the same period last year [3]. - The basic earnings per share are expected to be a loss of 0.49 to 0.56 CNY per share, compared to a loss of 0.11 CNY per share in the same period last year [3]. Market Conditions - The overall market for broiler chickens has been weak, leading to lower sales prices for the company's main products, resulting in decreased revenue and increased losses [5]. - The cost of broiler chicks has increased due to high procurement prices for breeding hens, contributing to the overall loss [5]. Asset and Investment Impairment - The company has recognized asset impairment for breeding chickens, eggs, and chicken products due to low sales prices at the end of the reporting period [5]. - The company's investment in a joint venture, Beidahuang Baoquanling Agricultural and Animal Husbandry Development Co., Ltd., has incurred significant losses, impacting investment income [5]. Financial Reporting - The financial data presented is preliminary and has not been audited by the accounting firm [4]. - Detailed financial data will be disclosed in the company's 2024 semi-annual report [6]. Investor Advisory - Investors are advised to exercise caution and be aware of investment risks [6].