COFCO JOYCOME ANNOUNCED ITS RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023, WITH RAW PIGS GROWING BY 26.7% YEAR-ON-YEAR, BUT AVERAGE SALES OF COMMODITY HOGS DECREASED BY 18.5%. Operating income fell 10.3% year-on-year to RMB115.68 billion. The profit before adjusted fair value of biological assets for the year was RMB0.16 billion, an increase of RMB3.36 billion over the same period last year. Basic earnings per share were RMB0.0115. As domestic pig supplies are plentiful and consumer demand is not as expected, the company focuses on fine-grained management to improve production capacity utilization. The Board of Directors resolved not to declare a final dividend.

COFCO JOYCOME ANNOUNCED ITS RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023, WITH RAW PIGS GROWING BY 26.7% YEAR-ON-YEAR, BUT AVERAGE SALES OF COMMODITY HOGS DECREASED BY 18.5%. Operating income fell 10.3% year-on-year to RMB115.68 billion. The profit before adjusted fair value of biological assets for the year was RMB0.16 billion, an increase of RMB3.36 billion over the same period last year. Basic earnings per share were RMB0.0115. As domestic pig supplies are plentiful and consumer demand is not as expected, the company focuses on fine-grained management to improve production capacity utilization. The Board of Directors resolved not to declare a final dividend.