On October 25th, Wellhope disclosed its 2019 Third Quarter Report. In the first three quarters of 2019, Wellhope actively responded to market waves, made innovations and changes, achieved high performance growth, which set a new record.
From January to September 2019, the total operating income of Wellhope realized RMB 12.74 billion yuan, the net profit attributable to the shareholders reached RMB 713.09 million yuan, and the net profit attributable to the shareholders after deducting non-recurring gains and losses reached RMB 704.76 million yuan, respectively rising 11.01%, 75.95% and 76.96% on a year-on-year base.
Driven factor for performance growth: Under the backdrop of prosperous white feather broiler market, the integrated broiler business division, one of the contributors towards Wellhope’s overall performance, further accelerated the pace of business expansion and rapidly expanded its production scale of broiler raising and slaughtering, it also further implemented fine management to improve internal operations, continuously heightens its profitability. Meanwhile, in regard of feed business, Wellhope constantly strengthened product R&D, market development and customer service to further beef up product performance and market competence. The sales volume of poultry, ruminant and aquatic feed achieved rapidly year-on-year growth, pig feed, facing the impacts of African swine fever, also realized a slight increase compared with the same period of prior year.