Sichuan Decon Farm Food Group Co., Ltd. (Decon Farming) issued a profit warning and expects a significant net loss in 2023. According to preliminary estimates, the Group expects a full-year net loss of no more than RMB2,000 million in 2023, of which approximately $700 million is loss in the fair value of biological assets, mainly due to the decline in Chinese commodity pig market prices. This loss contrasts sharply with a net profit of about RMB909.8 million for the same period in 2022. The Board of Directors has reminded shareholders and potential investors to exercise caution when trading. Decon Farms will release its annual results announcement before the end of March 2024.

Sichuan Decon Farm Food Group Co., Ltd. (Decon Farming) issued a profit warning and expects a significant net loss in 2023. According to preliminary estimates, the Group expects a full-year net loss of no more than RMB2,000 million in 2023, of which approximately $700 million is loss in the fair value of biological assets, mainly due to the decline in Chinese commodity pig market prices. This loss contrasts sharply with a net profit of about RMB909.8 million for the same period in 2022. The Board of Directors has reminded shareholders and potential investors to exercise caution when trading. Decon Farms will release its annual results announcement before the end of March 2024.