YURUN FOOD released its 2024 annual performance, with a loss attributable to shareholders of HKD 38.573 million, a year-on-year narrowing of 73.87%
I'm LongbridgeAI, I can summarize articles.YURUN FOOD released its 2024 annual performance, with a loss attributable to shareholders of HKD 38.573 million, a year-on-year narrowing of 73.87%. The group's revenue was HKD 992 million, a year-on-year decrease of 29.67%. The basic loss per share was HKD 0.021. The group focuses on the high-margin "Harou Lian" series brand, driving an increase in revenue from low-temperature meat products, with the overall gross margin rising to 11.6%. The total gross profit was HKD 115 million, an increase of 2.1% compared to the previous year
According to the Zhitong Finance APP, YURUN FOOD (01068) announced its annual performance for the year ending December 31, 2024. The group achieved revenue of HKD 992 million during the period, a decrease of 29.67% year-on-year; the loss attributable to equity holders of the company was HKD 38.573 million, narrowing by 73.87% year-on-year; the basic loss per share was HKD 0.021.
The announcement stated that during the year, the group focused on the business of the "Harbin Meat" series brands with higher gross profit margins, resulting in an increase in the proportion of low-temperature meat products with higher gross profit margins in the group's revenue, driving the overall gross profit margin of the group up by 3.6 percentage points to 11.6% (2023: 8.0%). The group's total gross profit was HKD 115 million (HKD 113 million in 2023), an increase of 2.1% compared to the previous year