According to Zhitong Financial App, Fucheng Co., Ltd. (600965.SH) disclosed the 2023 semi-annual report. During the reporting period, the company achieved revenue of 571 million yuan, up 1.93% year on year; net profit of 92.7 million yuan, up 13.27% year on year; net profit of 98.44 million yuan, up 30.28% year on year; basic earnings per share of 0.1132 yuan.
During the reporting period, the company completed the acquisition of Sanhe Xingrong Agricultural Development Co., Ltd. and began the transformation of the company's ecological agriculture relatively quickly. Furthermore, during the reporting period, the company initiated the construction of two cattle farms with a stock of more than 10,000 heads and purchased a large number of young bulls. Domestic purchase prices for live cows fell sharply, and the cost of purchasing live cattle fell.