NEW HOPE(000876) 长江商报·2025-04-07 01:04Core Viewpoint - New Hope has achieved a significant turnaround in its financial performance, with a projected net profit of over 430 million yuan in Q1 2025, compared to a loss of over 1.9 billion yuan in the same period last year, primarily due to cost reduction and improved operational efficiency [1][3][4]. Financial Performance - In Q1 2025, New Hope expects a net profit of 430 million to 500 million yuan, marking an increase of 2.364 billion to 2.434 billion yuan year-on-year, representing a growth of 122.23% to 125.85% [3]. - For the year 2024, New Hope reported a net profit of 474 million yuan, a year-on-year increase of over 90%, despite a revenue decline of approximately 38.64 billion yuan, or 27.27% [5][6]. Cost Management - The company has successfully reduced breeding costs, achieving a double decrease in both year-on-year and month-on-month comparisons, which has significantly contributed to its improved profitability [2][4][9]. - The cost of weaned piglets has dropped to 263 yuan per head, with a PSY (pigs per sow per year) of 25.1 and a survival rate of 93% during the fattening phase [9]. Business Segments - New Hope's feed business remains a core competency, with a total feed sales volume of 25.96 million tons in 2024, including 5.25 million tons in overseas markets, maintaining a leading position in the industry [2][9]. - The company has been focusing on its core business by divesting from poultry and food processing segments, which has led to a significant drop in revenue but improved profitability [5][6]. Strategic Initiatives - New Hope is actively investing in technology and automation, with plans to raise 3.8 billion yuan for biosecurity and digital upgrades in pig farming, as well as establishing robotics companies to enhance production efficiency [10].