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Express News | China Animal Husbandry Industry: General Manager Wu Dongxun resigns and appoints Li Yin as the new General Manager.
China Animal Husbandry Industry (600195): Slight growth and challenges coexist, research and development continue to develop.
Performance summary: The company released the third quarter report of 2024, achieving a revenue of 4.178 billion yuan in the first three quarters of 2024, a year-on-year increase of +0.47%, and achieving a net income attributable to the parent company of 0.082 billion yuan, a year-on-year decrease of -79.39%. Among them
China Animal Husbandry Industry (600195): Upstream raw material industry continues to be under pressure, pig prices rebound driving the performance repair of the animal husbandry business.
Event overview: The company released the third quarter report for 2024 on October 29. In the first three quarters of 2024, the company achieved revenue of 4.18 billion yuan, +0.5% year-on-year; achieved a net income attributable to the parent company of 0.08 billion yuan, -7% year-on-year.
Express News | Galaxy Securities: Livestock and poultry farming chain is the current focus.
Express News | Galaxy Securities: Focus on significant changes in cost margins, high-quality pig enterprises with good funding.
China Animal Husbandry Industry (600195): Profit decline narrowed year-on-year, with the sales volume of animal protection possibly increasing.
1-9M24 company's revenue/net profit attributable to the parent company are 16.583/2.469 billion yuan, -2.4%/+13.1% year-on-year. Correspondingly, in 3Q24, the company achieved revenue of 5.814 billion yuan, -1.2% year-on-year; attributable to the parent.