Zhitong Finance APP News, Yuzhi Agricultural (00875) announced the interim performance for the six months ending June 30, 2024, during the period, the group achieved revenue of 0.3 billion Hong Kong dollars; gross profit of 5.039 million Hong Kong dollars; shareholder attributable profit of 9.281 million Hong Kong dollars; basic earnings per share of 2.45 Hong Kong cents.

The announcement stated that during the reporting period, the group's agricultural and meat business suffered heavy losses from the economic recession in China. The group actively developed poultry and seafood trading business, started supplying products (including agricultural products and meat products, poultry, and seafood) to Chinese supermarkets and other customers during the reporting period, and began online sales to strengthen revenue sources and expand customer base.

Looking ahead, the group will continue to control costs, utilize existing resources, and cooperate with its business partners to further strengthen the cultivation of agricultural products and trading in agricultural products with great development potential, meat products, poultry, seafood, and prefabricated food, or acquire them when opportunities arise.