Muyuan Foods (002714)2025-01-08 10:50Profit Forecast and Growth - Net profit for 2024 is expected to be between RMB 18.0 billion and RMB 19.0 billion, a significant turnaround from a loss of RMB 4.168 billion in the previous year, representing a growth of 531.88% to 555.87%[4] - Net profit attributable to shareholders is projected to be between RMB 17.0 billion and RMB 18.0 billion, compared to a loss of RMB 4.263 billion in the previous year, indicating a growth of 498.75% to 522.21%[4] - Non-GAAP net profit is forecasted to be between RMB 19.0 billion and RMB 20.0 billion, up from a loss of RMB 3.918 billion in the previous year, showing a growth of 584.97% to 610.49%[4] - Basic earnings per share are expected to be between RMB 3.20 and RMB 3.40, compared to a loss of RMB 0.79 per share in the previous year[4] Factors Contributing to Performance Turnaround - The turnaround in performance is attributed to an increase in both the volume of pigs sold and the average selling price, alongside a reduction in pig farming costs compared to the previous year[7][8] Audit and Financial Reporting - The company has pre-communicated with its accounting firm regarding the performance forecast, and no significant disagreements exist, though the final data will be subject to audit results[5] - The performance forecast has not been audited by a certified public accountant[6] - The performance forecast is based on preliminary calculations by the company's financial department, and the final financial data will be disclosed in the 2024 annual report[10] Risks and Challenges - Risks include significant fluctuations in pig market prices, which could impact the company's performance, and the systemic risk of price changes in the pig production industry[9] - Animal diseases pose a major risk to the livestock industry and could significantly affect the company's performance[9]