--- title: "BAIYANG announced a pre-loss, expecting a net loss of 8 million to 15 million yuan for the fiscal year 2024" type: "News" locale: "en" url: "https://longbridge.com/en/news/225967191.md" description: "BAIYANG expects a net loss of 8 million to 15 million yuan for the year 2024, with a non-recurring net loss of 18 million to 25 million yuan. In the first half of the year, the business did not meet expectations due to rising raw material prices for tilapia, increased shipping costs, and a decline in feed sales. In the second half of the year, the company adjusted its management team, optimized its strategy, experienced growth in demand for aquatic food exports, and saw a rebound in feed sales, leading to improved business conditions. At the same time, the company will make provisions for impairment on certain impaired assets" datetime: "2025-01-23T09:24:06.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/225967191.md) - [en](https://longbridge.com/en/news/225967191.md) - [zh-HK](https://longbridge.com/zh-HK/news/225967191.md) --- # BAIYANG announced a pre-loss, expecting a net loss of 8 million to 15 million yuan for the fiscal year 2024 According to the Zhitong Finance APP, BAIYANG (002696.SZ) released its performance forecast for 2024, expecting a net loss attributable to shareholders of 8 million to 15 million yuan for the year, and a net loss excluding non-recurring items of 18 million to 25 million yuan. In the first half of the year, the company's overall operations did not meet expectations due to factors such as rising prices of domestic tilapia raw fish and shipping costs, declining fishmeal prices, and a decrease in the sales of the company's aquaculture feed. In the second half of 2024, the company adjusted its management team and promptly optimized its strategic direction and operational strategies, resulting in significant improvements in operational performance. In terms of the aquaculture food export business: overseas demand for tilapia consumption has steadily increased, coupled with the decline in raw fish prices and the appreciation of the US dollar in the second half of the year, the company's export volume and export value of tilapia products have both increased, leading to an improvement in market share; the feed business saw a steady recovery in feed sales in the second half of the year, with operational conditions stabilizing and improving. Additionally, during the reporting period, in accordance with the relevant provisions of the "Enterprise Accounting Standards" and the company's accounting policies, the company plans to make corresponding impairment provisions for certain assets that may be impaired ### Related Stocks - [002696.CN](https://longbridge.com/en/quote/002696.CN.md) - [02517.HK](https://longbridge.com/en/quote/02517.HK.md) - [01470.HK](https://longbridge.com/en/quote/01470.HK.md) - [000529.CN](https://longbridge.com/en/quote/000529.CN.md) - [300094.CN](https://longbridge.com/en/quote/300094.CN.md) - [000876.CN](https://longbridge.com/en/quote/000876.CN.md) - [301005.CN](https://longbridge.com/en/quote/301005.CN.md) - [002385.CN](https://longbridge.com/en/quote/002385.CN.md) - [300973.CN](https://longbridge.com/en/quote/300973.CN.md) - [001366.CN](https://longbridge.com/en/quote/001366.CN.md) - [002567.CN](https://longbridge.com/en/quote/002567.CN.md) - [301357.CN](https://longbridge.com/en/quote/301357.CN.md) - [002311.CN](https://longbridge.com/en/quote/002311.CN.md) ## Related News & Research - [Eswatini quickly embraced Trump's deportee program despite doubts over legality](https://longbridge.com/en/news/287164427.md) - [ZAWYA: Sahm App exceeds 2mln users, marking a new milestone in its growth journey](https://longbridge.com/en/news/287084031.md) - [SC and Bursa Malaysia propose Leap Market enhancements](https://longbridge.com/en/news/287215049.md) - [Investor Says Futures Trading Used To Feel Complicated And Intimidating. Now They Say 'Futures Trading Is Changing My Life In A Good Way'](https://longbridge.com/en/news/286707212.md) - [Dunkin' To Give Away 1 Mln Free Coffees For A Day](https://longbridge.com/en/news/286964019.md)