---
title: "DAODAOQUAN GRAIN AND OIL: Expected net profit in 2024 to increase by 97.97% year-on-year to 161.33 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/225649623.md"
description: "DAODAOQUAN expects its net profit in 2024 to reach between 150 million and 198 million yuan, a year-on-year increase of 97.97% to 161.33%. The net profit after deducting non-recurring gains and losses is expected to be between 102 million and 143 million yuan, a year-on-year increase of 11.48% to 56.30%. The basic earnings per share are expected to be between 0.43 yuan/share and 0.57 yuan/share. The growth in performance is mainly attributed to the decline in raw material procurement costs, the development of new products, and strengthened cost control"
datetime: "2025-01-21T08:32:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225649623.md)
  - [en](https://longbridge.com/en/news/225649623.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225649623.md)
generator: "portal-rs"
---

# DAODAOQUAN GRAIN AND OIL: Expected net profit in 2024 to increase by 97.97% year-on-year to 161.33 million

DAODAOQUAN GRAIN AND OIL announced that from January 1, 2024, to December 31, 2024, the net profit attributable to shareholders of the listed company is expected to be between 150 million yuan and 198 million yuan, a year-on-year increase of 97.97% to 161.33%. The net profit after deducting non-recurring gains and losses is expected to be between 102 million yuan and 143 million yuan, a year-on-year increase of 11.48% to 56.30%. The basic earnings per share are expected to be between 0.43 yuan/share and 0.57 yuan/share. The company's performance growth is mainly benefited from the decline in comprehensive procurement costs of raw materials, optimization of product structure through new product research and development, and strengthened cost and expense control

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**