Summary by Futu AI
Sichuan Decon Farm Food Group Co., Ltd. (“Decon Farming”) announces results for the year ended 31 December 2023. The report showed that the company's raw pig sales increased, but the average sales price fell, resulting in a slight increase in revenue to RMB16,155,412 thousand, while the loss before tax widened to RMB1,991,781 thousand. Loss per share was RMB4.88. The company said the loss was mainly due to falling pig prices and changes in the fair value of biological assets. Despite the challenges, Decon Farms is committed to increasing production efficiency and capacity utilization and increasing brand awareness through marketing strategies. The company was listed on the main board of the Hong Kong Stock Exchange Limited on 6 December 2023 and completed the listing of the internal shares to H shares in January 2024. The Board of Directors has not proposed a final dividend and thanks all shareholders for their support.