Joyvio Foods addresses exchange inquiry, details losses and strategic shifts

** Joyvio Agriculture Development (SZSE:300268), operating as Joyvio Foods, addressed concerns raised by the Shenzhen Stock Exchange regarding its 2024 annual report. The company reported a 24.14% YoY revenue decrease to CNY341.76 million with net losses of CNY92.44 million. These results were attributed to decreased production/sales volume of key subsidiary Australis Seafoods S.A due to constrained capital and legacy compliance issues, compounded by high operating costs, only partially offset by slow declines in feed prices.