JINJIAN CEREALS INDUSTRY responded to last year's performance decline: mainly due to the decrease in profits from the agricultural product trading business segment

On July 1st, the reporter learned from JINJIAN CEREALS INDUSTRY's announcement regarding the response to the Shanghai Stock Exchange's inquiry letter on the company's information disclosure for the 2024 annual report that the company's net profit for 2024 is 2.5153 million yuan, a decrease of 10.9632 million yuan compared to 2023, down 81.34%. The main business segments, including grain and oil food processing, agricultural product trading, dairy products, and snacks, saw a net profit decrease of 4.1833 million yuan, while the parent company and the Central South Grain and Oil Food Science Research Institute Co., Ltd. experienced a net profit reduction of 6.7799 million yuan. JINJIAN CEREALS INDUSTRY stated: "The decline in net profit for 2024 is mainly due to the decrease in profits from the agricultural product trading business segment. The company has completed asset replacement in 2024, divesting three subsidiaries primarily engaged in feed trading, and the impact of the agricultural product trading business segment on the company's future performance will significantly decrease."