Core Viewpoint - China Starch reported a significant increase in net profit for the fiscal year ending December 31, 2024, despite a slight decline in revenue, indicating strong operational improvements and cost management strategies [1] Financial Performance - The company achieved a net profit attributable to shareholders of RMB 482 million, representing a year-on-year increase of 346.7% [1] - Total revenue for the year was RMB 11.416 billion, reflecting a decrease of 3.2% compared to the previous year [1] - Basic earnings per share were reported at RMB 0.0808, with a proposed final dividend of HKD 0.0098 per share [1] Operational Highlights - The company increased production across various product lines due to technological upgrades, reduced maintenance cycles, and stable production processes [1] - The expansion of lysine production capacity at the end of the previous year contributed to the overall increase in output [1] Market Conditions - The decline in corn prices, driven by increased domestic corn production and reduced demand from the animal feed and farming sectors, positively impacted profitability in the corn deep processing industry [1] - The market for starch and lysine saw price declines that were less severe than the drop in corn prices, leading to improved profitability for the company [1] Strategic Outlook - Management anticipates that the market will remain competitive in 2025, focusing on extending the industrial chain and diversifying operations as a key development strategy [1]
中国淀粉发布年度业绩 股东应占溢利4.82亿元 同比增长346.7% 末期息每股0.98港仙