Xinjiang Talimu Ag Development details 2024 performance

Xinjiang Talimu Agriculture Development (SSE:600359) has released materials for its 2024 annual general meeting, detailing financial performance and proposed resolutions. The company reported a 4.26% increase in revenue, reaching 571.82 million RMB, driven by gains in its seed, licorice and cattle operations. However, net profit attributable to shareholders declined by 53.81% to 31.83 million RMB. The board will propose no dividend distribution due to accumulated losses. The AGM will address key issues, including a planned 38.95 million RMB in asset impairments, and the re-election of accounting firms, alongside reports from the board, supervisory board, and independent directors. The meeting is scheduled for March 21, 2025, and will be conducted via a combination of on-site and online voting.