Summary by Futu AI
Cofco Joycome Food Co., Ltd. announced its interim report on June 30, 2024. During the reporting period, the company's revenue was CNY 4.571 billion, a decrease of 21.4% compared to the same period last year, which was CNY 5.818 billion. The company recorded a net loss of CNY 0.389 billion before fair value adjustment of biological assets, while a net profit of CNY 0.168 billion was recorded in the same period last year. The comprehensive income for the period was CNY 0.244 billion, compared to the comprehensive expenses of CNY 0.642 billion in the same period last year. The board of directors decided not to declare any interim dividends. In addition, the company conducted multiple transactions with COFCO Group Limited and its subsidiaries, including sales of goods, purchases of commodities, interest income and expenses, etc. The company is ultimately controlled by COFCO Group Limited and became the ultimate holding company of the company on March 24, 2023.