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Yuehai Fodder (001313): Sales in Q1 achieved a strong start, looking forward to a recovery in annual performance.
Event: The company released its 2024 annual report and the first quarter report for 2025: In 2024, revenue was 5.912 billion yuan, a year-on-year decrease of 13.98%, and Net income was -0.085 billion yuan, turning to a loss year-on-year; for the first quarter of 2025.
Guangdong Feed: Report for the first quarter of 2025
Guangdong Yuehai Feeds Group: Summary of the 2024 Annual Report.
Guangdong Feed: 2024 Annual Report
Yuehai Fodder (001313): A leader in specialized aquaculture Fodder, technically driven Global layout.
Recommended logic: 1) The cyclical reversal of the aquaculture Industry, with aquatic prices increasing by 0.6% month-on-month in January 2025, and shrimp and crab products leading the rise by 7%, benefiting aquatic Fodder companies first; 2) Dual competitive advantages of 'technological barriers + service ecosystem' continue to strengthen.
Yuehai Fodder (001313): New Global Strategy broadens performance growth space, expected to achieve significant turnaround from loss to profit in 2025.
Due to the downturn in the aquaculture Industry, performance in 2024 is under pressure. Yuehai Fodder has announced its 2024 annual performance forecast, expecting a net loss attributable to the parent company of 69-98 million yuan, and a net loss attributable to the parent company of 81-110 million yuan after excluding non-recurring items.