Xinjiang Guannong (600251.SH) issued a profit warning, expecting a net profit in the range of 210 million to 230 million yuan for the fiscal year 2024, a decrease of 67.81% to 70.61% year-on-year.

Xinjiang Guannong (600251.SH) has released its 2024 annual performance forecast, the company expects to achieve a net profit attributable to owners of the parent company of 2.1 billion to 2.3 billion yuan in 2024, a decrease of 67.81% to 70.61% compared to the previous year; it is expected to achieve a net profit attributable to owners of the parent company excluding non-recurring gains and losses of 2.0 billion to 2.2 billion yuan, a decrease of 68.38% to 71.25% compared to the previous year.