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Report for the third quarter of 2024 of Xinjiang Guannong Co., Ltd.
Xinjiang Guannong (600251.SH) released its performance for the first three quarters, with a net income of 0.332 billion yuan, a year-on-year decrease of 47.19%.
Xinjiang Guannong (600251.SH) disclosed the third quarter report for 2024, achieving revenue of 28...
Agricultural planting sector of A-shares weakened, Great-Sun Foods fell more than 5%.
On August 21st, Great-Sun Foods and Xinjiang Guannong fell more than 5%, while Shanghai Xuerong Bio-Technology, Chalkis Health Industry, Orient Group Incorporation, and Hua Luan Biological Technology also followed the downward trend.
Xinjiang Guannong Co., Ltd. Semi-annual Report 2024.
Summary of Xinjiang Guannong Co., Ltd. Half-year Report in 2024
Xinjiang Guannong (600251.SH): net income in the first half of the year was RMB 0.302 billion, a year-on-year decrease of 35.17%.
On August 20, Guannong Shares (600251.SH) released its semi-annual report for 2024, achieving revenue of 2.402 billion yuan during the reporting period, a year-on-year decrease of 1.00%. Net income attributable to shareholders of listed companies was 0.302 billion yuan, a year-on-year decrease of 35.17%; net income attributable to shareholders of listed companies after deducting non-recurring gains and losses was 0.3 billion yuan, a year-on-year decrease of 36.18%; basic earnings per share were 0.3893 yuan. The main reason for the decline in net income was that the cost of product inventory increased due to the increase in purchase prices of cotton and tomato raw materials during the 2023 production season, while the market sales price did not increase significantly with the cost increase.
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