ST Jiawo incurred a loss of 652 million yuan in the first three quarters

Sat, 10/26/2024 - 20:18
Jiawo
Jiawo (website)

On October 24th, ST Jiawo released its third quarter report for 2024. The report shows that the company's operating revenue for the first three quarters was 2.626 billion yuan, a year-on-year decrease of 24.42%; The net profit attributable to the parent company was -652 million yuan, a year-on-year increase of 0.03%; The net profit attributable to shareholders was -658 million yuan, a year-on-year decrease of 2.27%; Basic earnings per share -3.74 yuan.

During the reporting period, ST Jiawo's basic earnings per share were -3.74 yuan, and the weighted average return on equity was -2086.65%.

According to the information,  Jiawo was established on May 8, 2003 and listed on September 27, 2011. The company's main business involves the trade, processing, and sales of mid to high end seafood products. Procurement, breeding, cultivation, and sales of salmon. The latest annual report shows that the main business revenue consists of 74.81% salmon products and 25.19% seafood products such as cod and Arctic sweet shrimp.

About Jiawo

Jiawo Group was founded in 2012 as a new generation modern agriculture and food industry group in China. 

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