The pig market is recovering, and new hope liuhe has significantly reduced losses in the first half of the year. However, the fodder business is quietly under pressure. Interpretations of the financial report.
① The recovery of the pig market supported New Hope's significant reduction in losses in H1, and turned losses into profits in Q2. ② The company's fodder business is under pressure, with a 16% YoY decrease in revenue and a 0.79 percentage point decline in gross margin. ③ Some industry experts pointed out that pig prices are expected to remain high in the second half of the year, and the third and fourth quarters will be the main profit period for pig enterprises.
Luzhou Laojiao's net profit growth in the first half of the year was lower than most brokerage forecasts, while its core product Guojiao 1573 still has a "price inversion".
①The net income growth of Luzhou Laojiao in H1 2024 is lower than the estimates of most brokerages, while the revenue growth rate is in line with the company's target guidance at the beginning of the year. ②In Q2 of this year, the net income attributable to the mother of Luzhou Laojiao increased by only 2.24% compared to the same period last year, and the performance was far from satisfactory. ③Currently, the wholesale price of Luzhou Laojiao is 870 yuan/bottle, which has slightly increased compared to the beginning of the year, but it is still in a "backward" state compared to the dealer's payment price of 980 yuan/bottle.
Foshan Haitian Flavouring and Food's H1 performance growth rate basically meets the annual plan. The online growth rate is higher than the offline growth rate.|Interpretation of financial report
①"Jiang Mao" Foshan Haitian Flavouring and Food is regaining growth, achieving double growth in performance in the first half of the year after experiencing a double decline in revenue and net profit last year. ②According to a reporter from Cailian Press, online sales of condiments in the first half of the year may be better than the overall large cap market, and the condiment market is presenting structural opportunities, with the increasing importance of the online market.
Longi green energy technology and Tongwei co.,ltd postponed their mid-term reports. The five leading photovoltaic companies will submit their reports tomorrow evening.
① Two leading photovoltaic companies announced on the same day that the interim report disclosure was postponed by one day. Tomorrow night, the top five leading photovoltaic companies will release their interim reports at the same time. ② The continuous decline in prices of main products in the first half of the year raises the biggest suspense as to whether Trina Solar Co., Ltd. and Jinkosolar can sustain profitability.
Wuliangye Yibin's net income slightly exceeded the brokerage's expectations in the first half of the year. The year-on-year growth of contract liabilities increased significantly. | Interpretations of financial reports
① Wuliangye Yibin's net income in the first half of the year slightly exceeded the estimates of most brokerages, and the revenue growth rate is in line with the company's target guidance at the beginning of the year. ② As of the end of June this year, Wuliangye Yibin's contracted liabilities amounted to 8.158 billion yuan, a year-on-year increase of 123%, and a 61% increase compared to the end of Q1 this year. ③ In the first half of 2024, Wuliangye Yibin failed to break away from convention and still maintained no interim dividend distribution.
"Boss" merges "No.5"! Tongwei Co., Ltd intends to control Runyang Co., Ltd. and may rewrite the competition pattern of solar cells. | Speed read announcement
① According to the disclosure announcement of Tongwei Co., Ltd. it plans to increase capital and acquire a controlling interest in Runyang Co., Ltd. In 2023, Tongwei Co., Ltd. ranked first in battery shipments and Runyang Co., Ltd. ranked fifth in shipping; ② According to industry analysts, the more important advantage of Runyang Co., Ltd. may be the layout of overseas production capacity and channels. ③ The industry association stated that it is necessary to promote the clearance of backward production capacity and encourage mergers and restructuring of enterprises.