Poultry firm Sunner Development forecasts massive profit surge

Fujian Sunner Development has released a highly positive semi-annual performance forecast, projecting a substantial increase in net profit attributable to shareholders. The company estimates profits to range between CNY 850 million and CNY 950 million, representing a potential surge of 732.89% to 830.88% compared to the same period last year. Excluding non-recurring gains and losses, the company still expects a significant profit increase between CNY 330 million and CNY 420 million, up 256.20% to 353.35%. The company attributes the impressive growth to its channel strategies, strong product offerings, cost management, and the consolidation of Sun Valley, which brought a one-off gain of CNY 540 - 550 million. Basic earnings per share are expected to be between CNY 0.6893 and CNY 0.7705. The forecast has not been audited.