Sunner(002299)2024-10-08 09:57Financial Performance - The company expects a net profit attributable to shareholders of between 37 million and 42 million yuan for the first three quarters of 2024, a decrease of 49.97% to 43.21% compared to the same period last year [3]. - The expected net profit for the third quarter of 2024 is between 26.79 million and 31.79 million yuan, with a year-on-year change of -14.44% to 1.52% [4]. - The company reported a significant increase in profitability in September, with a month-on-month profit increase of over 110 million yuan, representing a growth of over 70% compared to the second quarter [5]. Sales and Production Growth - The company achieved a stable growth in production and sales, with a slaughter volume increase of over 22% year-on-year and a 30% increase in export channel sales [6]. - C-end retail revenue for the first nine months of 2024 increased by nearly 20% year-on-year, driven by balanced efforts in online and offline channels [6]. - The overall sales volume increased by nearly 20%, despite challenges from falling chicken prices, showcasing the company's operational resilience [5]. Cost Control and Efficiency - The company has implemented cost control measures, achieving the best quarterly cost performance in history, which supports future profit growth [5]. - The company continues to deepen its cost control and efficiency improvement initiatives across all production stages, contributing to a strong competitive advantage in the industry [5]. Product Development and Brand Recognition - The introduction of new products and continuous brand building has enhanced consumer recognition and acceptance of the company's brand [6]. - The company is gradually replacing its breeding stock with the Sanze 901Plus variety, which is expected to further reduce breeding costs in the future [5].