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Express News | yantai china pet foods: Both the third quarter and fourth quarter orders at the Canadian factory are quite sufficient, and the stable growth expectations will continue.
Yantai China Pet Foods (002891.SZ): Overseas subsidiaries and export business will continue to maintain stable growth in Q4.
On November 20, Gelonghui announced that yantai china pet foods (002891.SZ) recently stated in an investor relations activity that the overseas subsidiaries and export business will continue to maintain stable growth in Q4. The US factory has completed its technical upgrades in Q3 and will return to normal production levels in Q4, while the orders for the Canadian factory in Q3 and Q4 are quite sufficient, which will continue to support stable growth expectations. Overall, the company's overseas business layout is reasonable, and the global supply chain layout both overseas and domestically strengthens the company's risk resistance capabilities. There is ample order demand, which will overall provide strong support for the company's performance.
Yantai China Pet Foods (002891.SZ): The limited capacity of overseas subsidiaries will be affected by exchange rates and tariffs.
Gelonghui reported on November 20 that yantai china pet foods (002891.SZ) recently stated during an investor relations activity that the company's production capacity is spread across china, usa, Canada, New Zealand, Cambodia, and others. The overseas subsidiaries have limited capacity that may be affected by exchange rates and tariffs. The company will also arrange production based on customer order demands, providing customers with more choices. Therefore, the company's order levels have always been relatively leading in the global market.
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In September 2024, China's pet food export volume was 0.0256 million tons, a year-on-year increase of 5.47%; the export value was 0.124 billion US dollars, a year-on-year increase of 11.04%. The export volume and export value of pet food have maintained rapid year-on-year growth since the beginning of this year, continuing to show growth in September due to last year's low base effect.
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