Gelonghui, January 26丨Guannong Co., Ltd. (600251.SH) announced the 2023 annual results advance announcement. According to preliminary estimates by the finance department, it is expected to achieve net profit of about 700 million yuan in 2023. Compared with the same period last year (statutory disclosure data), it will increase by about 225 million yuan, an increase of about 47.4% over the previous year. It is estimated that in 2023, net profit attributable to the owners of the parent company after deducting non-recurring profit and loss will be about 677 million yuan. Compared with the same period last year (statutory disclosure data), it will increase by about 96 million yuan, an increase of about 16.5% over the previous year.

The main reason for the advance increase in performance in the current period is that the tomato industry market was good in 2023, and profits increased dramatically due to sharp increases in volume and price; second, the lint market picked up, turning losses into profits.