Yisheng Livestock: Earnings slightly down

Shandong Yisheng Livestock & Poultry Breeding (SZSE:002458) announced its preliminary 2024 results, showing a 2.76% decrease in total revenue to 3.14 billion yuan. Net profit attributable to shareholders was 511.84 million yuan, a 5.35% decrease year-over-year. The company attributed the dip in revenue to decreased sales of parent and commercial broiler chicks, though prices for commercial chicks increased. The hog business, however, saw increased volume. Total assets reached 7.53 billion yuan, a 14.49% increase from the beginning of the year, while net assets attributable to shareholders increased 1.20% to 4.47 billion yuan. Basic earnings per share were 0.46 yuan. The company stated that its seed source purification strategy and internal management improvements contributed to stable production efficiency.