DAODAOQUAN GRAIN AND OIL issued a profit forecast, with a net profit for 2024 expected to be between 150 million yuan and 198 million yuan, an increase of 97.97% to 161.33%
I'm LongbridgeAI, I can summarize articles.DAODAOQUAN GRAIN AND OIL released its 2024 annual performance forecast, expecting a net profit of 150 million to 198 million yuan, a year-on-year increase of 97.97% to 161.33%. Affected by the easing supply and demand relationship and the decline in raw material procurement costs, the company is actively expanding the market, developing new products, optimizing product structure, reducing costs, and improving profitability
According to the Zhitong Finance APP, DAODAOQUAN GRAIN AND OIL (002852.SZ) released its performance forecast announcement for the year 2024, expecting a net profit attributable to shareholders of the listed company to be between 150 million yuan and 198 million yuan, a year-on-year increase of 97.97% to 161.33%.
During the reporting period, on one hand, the overall supply and demand relationship continued to trend towards relaxation, leading to a decrease in the comprehensive procurement cost of raw materials for edible oil. On the other hand, the company actively expanded its market, increased research and development of new products, optimized product structure, and implemented various measures to reduce costs and increase efficiency, resulting in a growth trend in the comprehensive sales gross profit margin of products and the gross profit margin of packaged oil.
During the reporting period, further strengthening of cost and expense control achieved certain results, with financial expenses showing a year-on-year decrease, thereby enhancing the company's profitability