Summary by Futu AI
On August 12, 2024, Dekang Agriculture and Animal Husbandry ("the Company") released insider information that the financial performance for the six months ending June 30, 2024 will significantly improve. According to preliminary assessment, the Group expects to record a pre-adjusted profit in biological assets of approximately RMB 313 million to RMB 413 million, and a net profit of approximately RMB 1.713 billion to RMB 1.813 billion. This change compared with the same period in 2023, when a pre-adjusted loss of approximately RMB 1.118 billion and a net loss of approximately RMB 2.353 billion were recorded in biological assets, shows that the Group's performance has turned from loss to profit. The improvement in performance is mainly due to the rising sales prices of commodity pigs and yellow broilers, as well as the continuous improvement in production management and cost control. The Company will release a mid-term performance announcement before the end of August 2024, providing more detailed financial information. Shareholders and potential investors of the Company should act prudently.