Dacheng Foods (03999) announced results for the year ended December 31, 2023, and the group obtained operating revenue...
According to the Zhitong Finance App, Dacheng Foods (03999) announced results for the year ended December 31, 2023. The group obtained operating revenue of RMB 6.419 billion (same unit), an increase of 3.6% over the previous year; profit attributable to the company's shareholders was RMB 47.024 million, a decrease of 48.8% over the previous year; and basic profit per share was 0.046 yuan.
According to the announcement, the main reason for the year-on-year decline in profits was oversupply in the chicken market in the fourth quarter, the chicken and chicken market continued to decline, and the meat business experienced large losses. However, the domestic food business maintained a steady growth trend, with revenue and gross profit increasing by 10.8% and 14.1%, respectively, year-on-year.