Wens Foodstuff Group profits soar in 2024

Wens Foodstuff Group (SZSE:300498) reported a significant turnaround in its 2024 annual results, with net profit attributable to shareholders climbing to 9.245 billion yuan. This represents a 244.68% increase compared to the previous year's loss of 638.966 million yuan. The company attributed the strong performance to a 14.93% increase in pork sales volume and a rise of 12.83% in pork prices, with sales reaching 30.18 million heads. Chicken sales also contributed, with sales up 2.09% to 1.208 billion chickens. Total operating income for the year reached 104.91 billion yuan, an increase of 16.66% year-over-year. The company's total assets at the end of the period stood at 93.908 billion yuan, a 1.09% increase from the beginning of the year.