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Express News | Yisheng Co., Ltd.: Sales volume of white feather broiler seedlings in April was 44,158,800 units, sales revenue was 152.3821 million yuan
Yisheng Co., Ltd. (002458) 2024 Quarterly Report Review: The recovery in the economy led to an increase in seedling prices and reversed losses in the first quarter
Incident: The company released its 2024 quarterly report. The company achieved revenue of 687 million yuan in 2024Q1, -24.75% year over year, +21.4% month on month; realized net profit of 110 million yuan to mother, -65.16% year on year
Yisheng Co., Ltd. (002458) 2024 Quarterly Report Review: The market is worth looking forward to after profit rectifies month-on-month
Matters: The company released a quarterly report, achieving revenue of 687 million yuan, -24.75% year-on-year, +21.38% month-on-month; realized net profit of 109 million yuan, -65.16% year-on-year, and net profit of 23Q4 to mother-1
Yisheng Co., Ltd. (002458) Quarterly Report Review: Upstream Sentiment Restores, Performance Improves Month-on-Month
The company released its report for the first quarter of 2024. In the first quarter of 2024, the company achieved revenue of 687 million yuan, a year-on-year decrease of 24.75%; realized net profit of 109 million yuan, a year-on-year decrease of 65.16%, reversing losses from month to month
Minsheng Securities released a research report on April 18 stating that it gave Yisheng Co., Ltd. (002458.SZ) a recommended rating. The main reasons for the rating include: 1) the reduction in chicken seedlings led to an increase in seedling prices, which
Minsheng Securities released a research report on April 18 stating that it gave Yisheng Co., Ltd. (002458.SZ) a recommended rating. The main reasons for the rating include: 1) the reduction in chicken seedlings led to an increase in seedling prices, which turned losses into profits in the first quarter; 2) Yisheng 909 white chicken had stable performance and the market expanded steadily; 3) the gradual release of breeding pig production capacity and a significant increase in performance; 4) additional investment in the poultry business to implement the “close to the market and radiate the periphery” market strategy. (Mainichi Keizai Shimbun)
Yisheng Co., Ltd. (002458): The drop in the price of chicken seedlings puts pressure on current results and is optimistic that the price of seedlings will rise during the year
Investment highlights: The company released its 2024 quarterly report. In the first quarter of 2024, the company achieved operating income of 690 million yuan, -24.8% year-on-year, +21.4% month-on-month; realized net profit of 110 million yuan to mother, -6 million yuan year-on-year
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