Gelonghui, April 10 | Jinzai Food (003000.SZ) announced its results forecast for the first quarter of 2024. Net profit profit attributable to shareholders of listed companies during the reporting period was 75.592 million yuan - 78.391 million yuan, an increase of 80.00% — 100.00% over the same period of the previous year; net profit profit after deducting non-recurring profit and loss, 55.383 million yuan - 63.2338 million yuan, an increase of 68.30% — 92.13% over the same period last year; basic earnings per share: 0.16 yuan/share - 0.17 yuan/share.
During the reporting period, the company continued to cultivate the three high-quality protein health categories of recreational fish products, poultry products, and soy products, and created six series of best-selling products: “deep-sea fish, quail eggs, dried beans, dried meat, konjac, and vegetarian meat.” The company has continuously increased R&D investment and product innovation, made efforts to build a marketing network, promote product upgrades and brand upgrades, and achieved high-quality growth in both operating income and net profit. The main reason for the increase in net profit is, on the one hand, the scale effect brought about by the increase in operating income and the optimization of supply chain efficiency. On the other hand, prices of major raw materials such as anchovies, quail eggs, and soybeans all declined year-on-year. Furthermore, the number of government subsidies received by the company during the reporting period increased compared to the same period last year.