600251 Xinjiang Guannong
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Xinjiang Guannong News
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.
Xinjiang Guannong (600251.SH): Currently, the short-staple cotton products and inventory are both not large.
On July 25th, Gelunhui reported that on the investor interaction platform, a shareholder asked Guannong (600251.SH), "Does your company have a large amount of short-staple cotton reserves?" The company responded that it currently has 0.05 million tons of short-staple cotton processing capacity, and the cotton short-staple products and inventory are not large due to the project scheduled to be put into operation at the end of 2023.
Xinjiang Guannong (600251.SH): The export of large packaging tomato sauce still remains weak.
Xinjiang Guannong (600251.SH) stated on its interactive platform on July 10th that in the first quarter of 2024, China's export volume and export amount of large-packaged tomato sauce decreased by 43% and 35% respectively. In the second quarter, affected by the further deterioration of geopolitical risks, the sharp rise in marine transportation fees, and the expectation of a significant increase in tomato supply in the 2024 production season, the export of large-packaged tomato sauce remained weak.
Xinjiang Guannong (600251.SH): Currently, there is no plan for industrial production of tomato beer.
Xinjiang Guannong (stock code: 600251.SH) stated on the interactive platform on June 14th that the company currently has no plans for industrial production of tomato beer.
Xinjiang Guannong (600251.SH): The current high temperature weather has little effect on the company's main planting areas of tomato, cotton, and sugar beet raw materials.
On June 14th, Gelonhui reported that Xinjiang Guannong (600251.SH) stated on the interactive platform that the current high temperature weather has little impact on the company's main planting areas for tomato, cotton, and sugar beet raw materials.
Xinjiang Guannong (600251.SH) plans to distribute a dividend of 0.46 yuan per share for the year 2023, with an ex-dividend date of June 13.
Xinjiang Guannong (600251.SH) announced that it plans to distribute cash dividends of 0.46 yuan per share for the year 2023.
Express News | Guannong Co., Ltd.: Received 378 million yuan in cash dividends in 2023 from participating companies
Express News | Guannong Co., Ltd.: Net profit for the first quarter of 2024 decreased by 17.42% year-on-year
Express News | Guannong Co., Ltd.: Net profit in 2023 increased 50.44% year-on-year, and plans to distribute 10 to 4.6 yuan
Guannong Co., Ltd. (600251.SH): Director and general manager Xiao Li resigns
Gelonghui, Feb. 28 | Guannong Co., Ltd. (600251.SH) announced that the board of directors of the company recently received a written resignation report from the general manager, Ms. Xiao Li. Due to personal reasons, Ms. Xiao Li applied to resign as a director of the 7th board of directors of the company, a member of the board strategy committee and general manager. The resignation of the general manager was reviewed and approved by the 27th (temporary) board of directors of the 7th session of the company on February 28, 2024. After her resignation, Ms. Shawley no longer held any position in the company. As of the disclosure date of this announcement, Ms. Xiao Li did not directly or indirectly hold the company's shares. The company will complete the director by-election and general manager election as soon as possible in accordance with relevant regulations
Why Investors Shouldn't Be Surprised By Xinjiang Guannong Co.,Ltd.'s (SHSE:600251) Low P/E
Guannong Co., Ltd. (600251.SH): Net profit expected to increase by about 47.4% in 2023
Gelonghui, January 26丨Guannong Co., Ltd. (600251.SH) announced the 2023 annual results advance announcement. According to preliminary estimates by the finance department, it is expected to achieve net profit of about 700 million yuan in 2023. Compared with the same period last year (statutory disclosure data), it will increase by about 225 million yuan, an increase of about 47.4% over the previous year. It is expected to achieve net profit of about 677 million yuan after deducting non-recurring profit and loss attributable to the owners of the parent company in 2023. Compared with the same period last year (statutory disclosure data), it will increase by about 96 million yuan, an increase of 16.5% over the previous year
Xinjiang GuannongLtd's (SHSE:600251) Earnings Growth Rate Lags the 12% CAGR Delivered to Shareholders
Guannong Co., Ltd. (600251.SH): The tomato beer project is still a laboratory product
On December 25, Gelonghui, Guannong Co., Ltd. (600251.SH) said on an interactive platform that the company's plant protein project has begun production and operation and is currently operating normally. Please pay attention to the earnings of the annual report to be disclosed later. The company's current tomato products mainly include ketchup, dicing, and juice products for the B-end and C-end. The company has always focused on continuously carrying out differentiated innovation work in terms of raw materials, cost, quality, service, and R&D to further improve the premium ability of products. The tomato beer project is currently still a laboratory product.
Guannong Co., Ltd. (600251.SH): Has provided the company's ketchup and dicing products to many prepared food (condiment) industry chain companies
On December 25, Gelonghui, Guannong Co., Ltd. (600251.SH) said on an interactive platform that in recent years, the company has been committed to carrying out various tasks in extending the industrial chain, meeting the different needs of B-side and C-side consumers while further enhancing the product value chain. At present, the company has provided the company's ketchup and diced products to many companies in the prepared food (condiment) industry chain.
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