Haid Group sales soar despite weather, disease concerns

Guangdong Haid Group (SZSE:002311) announced strong financial results for 2024, marked by a 9% increase in feed sales volume to 26.52 million tons, despite adverse weather and disease conditions affecting the aquaculture industry. Operating income reached CNY 114.60 billion. Net profit attributable to shareholders surged 64.30% to CNY 4.50 billion. The company's earnings per share (basic) rose to CNY 2.71. The board has proposed a cash dividend of CNY 11.00 per 10 shares, totaling CNY 1.83 billion. While acknowledging risks from weather, disease, and raw material price fluctuations, Haid is expanding its local and overseas markets, focusing on technological innovation, and enhancing customer service capabilities. The company aims to reach 51.5 million tons in total sales by 2030, further accelerate overseas expansion and continuous research and development of seedlings and animal protection business.