Jinjian Rice Industry's response to last year's performance decline: mainly due to the decrease in profits in the agricultural products trading business sector.
On July 1st, it was learned from a response announcement from Jinjian Rice Industry regarding the "Inquiry Letter on Information Disclosure Regulation of the 2024 Annual Report of the Shanghai Stock Exchange" that the company's net profit for the year 2024 was 2.5153 million yuan, a decrease of 10.9632 million yuan compared to 2023, a decrease of 81.34%. The net profit of major business segments such as grain and oil food processing, agricultural product trading, dairy products, and leisure food decreased by 4.1833 million yuan, and the net profit of entities such as the parent company and Zhongnan Grains and Oils Food Science Research Institute Co., Ltd. decreased by 6.7799 million yuan. Jinjian Rice Industry stated: "The main reason for the decrease in the company's net profit in 2024 is the decrease in profit in the agricultural product trading business segment. The company has completed asset replacement in 2024, transferring three subsidiaries mainly engaged in feed trading. The impact of the agricultural product trading business segment on the company's future performance will be significantly reduced."
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