Hyundai Animal Husbandry's profit warning expects net profit of about 160 million to 200 million yuan in 2023 to decrease by about 66% to 72% year-on-year
Hyundai Animal Husbandry (01117) announced that the group is expected to achieve net profit of about RMB 160 million to RMB 200 million in 2023, a year-on-year decrease of about 66% to 72%; cash EBITDA of about RMB 2.4 billion to RMB 2.5 billion, a year-on-year decrease of about 9% to 12%.
Gelonghui Announcements Selected (Hong Kong Stocks) | Sands China Limited (01928.HK) turned a loss into an annual profit of US$692 million
[Today's Focus] Sands China Limited (01928.HK) turned its annual loss into profit of US$692 million without dividends Sands China Limited (01928.HK) announced that for the year ended December 31, 2023, the company's total net revenue was US$6.53 billion, an increase of 307.1% over the previous year. The profit for the year was $692 million, compared to the previous year's loss of $1.58 billion. Adjusted property EBITDA for the year was US$2.23 billion, while the adjusted EBITDA loss for the previous year was US$323 million. The Board does not recommend disbursements for the year
Hyundai Animal Husbandry (01117)'s net profit forecast for 2023 is about 160 million to 200 million yuan, a year-on-year decrease of about 66% to 72%
Zhitong Finance App News, Hyundai Animal Husbandry (01117) announced that the group is expected to obtain net profit of about RMB 160 million to 200 million yuan in 2023, a year-on-year decrease of about 66% to 72%; cash EBITDA is about RMB 2.4 billion to 2.5 billion yuan, a year-on-year decrease of about 9% to 12%. According to the announcement, while doing a good job in the raw milk business, the group continues to develop new businesses such as feed business, digital intelligence platforms, and grass farming. The overall business continues to develop organically, the collaborative benefits between various business segments continue to deepen, and the industrial chain layout is getting better and better. This year, thanks to effective industrial planning, the main business is raw milk
CH MODERN D: PROFIT WARNING
Modern Animal Husbandry (01117) received many excellent results in the CDP Environmental Rating, demonstrating the responsibility and responsibility of a global animal husbandry leader
Zhitong Finance App learned that on February 6, 2024, the Global Environmental Information Research Center (CDP), the world's authoritative carbon emission rating agency, announced the latest global enterprise rating results. Modern Animal Husbandry (01117) achieved excellent results in the three fields of climate change, water resources security, and forest risk, demonstrating the responsibility and responsibility of global animal husbandry leaders. CDP is a London-based non-profit organization founded in 2000 to promote the reduction of greenhouse gas emissions and the protection of water and forest resources. CDP has partnered with more than 680 institutions with total assets of $130 trillion worldwide
At HK$0.69, Is It Time To Put China Modern Dairy Holdings Ltd. (HKG:1117) On Your Watch List?
China Modern Dairy Holdings Ltd. (HKG:1117), is not the largest company out there, but it saw a decent share price growth of 11% on the SEHK over the last few months. The recent rally in share p
Gelonghui Announcement Selection (Hong Kong Stock) | BYD Co., Ltd. (01211.HK) Sales of New Energy Vehicles in January 201493 vehicles increased 33.14% year over year
[Today's Focus] BYD Co., Ltd. (01211.HK) sold 201493 new energy vehicles in January, up 33.14% year on year. BYD shares (01211.HK) announced the January production and sales report. This month, sales of new energy vehicles were 201,493 units, up 33.14% year on year. The company sold a total of 36,174 new energy passenger vehicles overseas in January 2024. The company's total installed capacity of NEV power batteries and energy storage batteries in January 2024 was about 11.309 GWh, and the cumulative total installed capacity in 2024 was about 11.309 GWh. [Important matters] Qingjian
Hyundai Animal Husbandry (01117.HK) signs share purchase agreement with CCF Zhongken Fund to inject 600 million yuan in cash to Hyundai Animal Husbandry (Wuhe)
Gelonghui, Feb. 1, 丨 Modern Animal Husbandry (01117.HK) announced that on February 1, 2024, Hyundai Animal Husbandry (Wuhe), Zhongken Fund, Anhui Suida and Hyundai Animal Husbandry signed transaction documents such as a capital injection agreement. According to this, Zhongken Fund conditionally agreed to subscribe for about 25.4% of Modern Animal Husbandry (Wuhe)'s registered capital by injecting RMB 600 million in cash into Hyundai Animal Husbandry (Wuhe). On the same day, the company signed a share option agreement with Zhongken Fund. According to this, the company agreed to grant share options to Zhongken Fund to subscribe for share shares. According to the share option agreement, the exercise of the share option must meet the following thresholds (
Ministry of Finance: The total profit of state-owned enterprises in 2023 was 4633.28 billion yuan, up 7.4% year-on-year
From January to December, the main efficiency indicators of state-owned and state-owned enterprises across the country continued to grow steadily, and the upward trend was further consolidated.
China Modern Dairy's Unit to Continue Receiving Internet Services From Inner Mongolia Aiyangniu Technology
China Modern Dairy Holdings' (HKG:1117) unit, Modern Farming (Group), agreed to continue purchasing intelligent internet software and hardware from Inner Mongolia Aiyangniu Technology The services for
S&P's global CSA rating is in the top 11% of the industry Modern Animal Husbandry (01117) shows the strength of sustainable and high-quality development
The Zhitong Finance App learned that on November 25, 2023, S&P Global CSA released the results of the 2023 Global Enterprise Sustainability Assessment for Hyundai Animal Husbandry (01117). Hyundai Animal Husbandry received 43 points, an increase of 19% over last year. Among the peer companies that have completed the 2023 evaluation, Hyundai Animal Husbandry now has a score of the top 11% of companies participating in the industry. This achievement fully demonstrates the outstanding performance of modern animal husbandry in terms of ESG, and once again demonstrates its strength as a leading enterprise in the Chinese dairy industry for sustainable and high-quality development. In order to achieve such achievements, modern animal husbandry is in the following three areas
Investors Three-year Losses Continue as China Modern Dairy Holdings (HKG:1117) Dips a Further 6.0% This Week, Earnings Continue to Decline
In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market index fund. But if you try your hand at stock picking, your risk returning less th
Voice from WAFI Modern Animal Husbandry (01117) shares experiences in sustainable agriculture transformation
Zhu Xiaohui, Executive Director and CFO of Modern Animal Husbandry (01117) Zhu Xiaohui represented the company at the WAFI Entrepreneurs Forum and shared the experiences and practices of modern animal husbandry in sustainable agricultural transformation at the forum.
Changes in Hong Kong stocks | Hyundai Animal Husbandry (01117) rose nearly 4%. Institutions expect the company's profit to improve markedly in the second half of the year
Hyundai Animal Husbandry (01117) is currently up nearly 4%. As of press release, it is up 3.8% to HK$0.82, with a turnover of HK$2,483 million.
[Brokers Focus] Haitong International says consumption performance of dairy products is superior to other food and beverage sub-industries
Jinwu Financial News | According to the Haitong International Research and Development Report, the macroeconomic environment depends on continuous consumption growth, and consumption of dairy products has continued to grow continuously over the past ten years, which is significantly better than other food and beverage sub-industries. According to the bank, consumer health awareness has increased, and room temperature white milk has ushered in recovery growth; with the widespread application of superbus technology and the continuous improvement of cold chain logistics, pasteurized milk is on the rise, enterprises accelerate layout and investment, and the market will usher in an increase in both supply and demand; overall yogurt products are under slight pressure, but both room temperature and low temperature products continue to innovate, and are expected to follow the recovery of consumption scenarios and consumption power, and the share of infant formula has gradually rebounded in recent years due to newborn
CH MODERN D: Interim Report 2023
[Brokerage Focus] CITIC Securities maintains modern animal husbandry (01117) “increase holdings” rating and expects a steady increase in revenue and profit throughout the year
According to the CITIC Securities Research Report, 2023H1 Modern Animal Husbandry (01117) revenue/net profit to parent ratio +17.8%/-58.8% year-on-year to 6.63 billion/210 million yuan. Among them, the decline in profit was mainly due to rising costs, falling milk prices, and impairment of biological assets. According to the bank, the company's herd size, production and sales volume steadily expanded during the reporting period, milk prices and cost performance were superior to the industry, and its ability to reduce costs and increase efficiency was further improved. Looking ahead to the second half of the year, the bank expects the company's feed costs to remain low, the price of raw milk to remain flat compared to H1, and a steady increase in revenue and profit throughout the year. The bank added that considering the company's 2023H1 profit performance is poor
[Brokerage Focus] Haitong International Upgrades Modern Animal Husbandry (01117) with a target price of HK$1.33 to maintain a “superior to market” rating
According to the Haitong International Research and Development Report, Modern Animal Husbandry (01117) 23H1 had revenue of 6.63 billion yuan, +18% over the same period; the net profit of returned mother was 210 million yuan, or -59.0%. The gross margin of the 23H1 raw milk business was 28.3%, down 3.9 PCT from the previous year. Mainly due to a weak recovery in downstream demand, the oversupply of raw milk in the industry, the price of raw milk continues to fall. Combined with the cost of feed, although it has declined month-on-month, it is still at a high level. At the same time, due to herd valuation adjustments, the loss of fair value of biological assets increased to 530 million dollars (22H1 was 340 million). According to the bank, although the sales price of the company's raw milk has declined, it is better than the industry
Key Signals from Hyundai Animal Husbandry (01117) 2023 Interim Financial Report
Factors such as the expansion of the business, the increase in the amount of milk per unit, the reduction in capital expenses, and the transfer of reserve cows to lactating cows are catalysts that will drive the future free cash flow expectations of the modern animal husbandry industry to continue to rise, and the dividends in return to shareholders will also increase.
Hyundai Animal Husbandry (01117) announced its interim results, with net profit of 218 million yuan down 59% year-on-year
Hyundai Animal Husbandry (01117) announced its interim results for the six months ended June 30, 2023, and the company achieved revenue...