Shennong Group(SH:605296)2024-07-09 09:07Financial Performance Forecast - The company expects a net profit attributable to shareholders for the first half of 2024 to be between 104 million and 128 million CNY, representing an increase of 36.78 million to 39.18 million CNY compared to the same period last year, which is a year-on-year increase of 139.42% to 148.52%[13] - The estimated net profit after deducting non-recurring gains and losses is projected to be between 117 million and 141 million CNY, an increase of 37.75 million to 40.15 million CNY compared to the previous year, reflecting a growth of 144.91% to 154.13%[3] - The basic earnings per share are expected to be between 0.20 CNY and 0.25 CNY, marking an increase of 139.22% to 149.02%[14] - The previous year's net profit attributable to shareholders was a loss of 263.82 million CNY, indicating a significant turnaround in performance[21] - The reporting period for the performance forecast is from January 1, 2024, to June 30, 2024[10] Operational Highlights - The company sold 1.0924 million pigs during the reporting period, a growth of 62.83% compared to the same period last year, with an average selling price of 14.70 CNY per kilogram, up 5.60% from 13.92 CNY per kilogram[15] - The main reasons for the performance improvement include a decrease in raw material prices and enhanced management efficiency, leading to a significant reduction in breeding costs compared to the previous year[5] - The company has turned a profit in the first half of 2024, primarily driven by the profitability of its pig farming business[22] Performance Forecast Assurance - The company emphasizes that the performance forecast is based on preliminary calculations and the final financial data will be disclosed in the official 2024 semi-annual report[23] - The company assures that there are no significant uncertainties affecting the accuracy of this performance forecast[15]