New Hope Liuhe (SHE:000876) expects its net profit attributable to shareholders to range between 450 million yuan and 550 million yuan in 2024, up 80% to 121% from 249.2 million yuan a year earlier, according to a Shenzhen Stock Exchange disclosure on Friday.
Earnings per share will be between 0.09 yuan and 0.11 yuan, compared to 0.04 yuan in the prior year.
The Chinese pig producer attributed the forecast to a decline in breeding costs and an increase in pig prices amid the recovery of the pig market since the second quarter of 2024, the disclosure said.
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