ST Tianbang (002124.SZ) issued a pre-profit. The net profit for 2024 is expected to turn a sharp loss into profit from 1.36 billion yuan to 1.56 billion yuan

According to the Zhitong Finance App, ST Tianbang (002124.SZ) released the 2024 annual performance forecast. Net profit attributable to shareholders of listed companies is expected to be 1.36 billion yuan to 1.56 billion yuan for the whole year, turning a loss into a profit over the previous year.

The company's net profit attributable to shareholders of listed companies in 2024 is expected to turn a sharp loss into a profit compared to a loss of 2,883 billion yuan in the same period last year. The main contribution comes from the company's investment income of 995 million yuan from the sale of 32.91% of the shares in the participating company Shiji Biotech in the first quarter. At the same time, as pig prices began to pick up in the second quarter, the company still made efforts to maintain normal production and operation during the pre-restructuring stage, and the effects of continuous cost reduction measures were gradually showing. Pig sales costs showed a clear downward trend. Since the second quarter, the company's main business pig breeding has been profitable for three consecutive quarters, so net profit after deducting non-recurring profit and loss throughout the year also drastically turned loss into profit.