On October 24th, Yesterday evening, Western Animal Husbandry Co., Ltd. (hereinafter referred to as “Western Animal Husbandry”) released its third quarter results for 2018. Its net profit attributable to shareholders of listed companies in the first three quarters was 22,981,600 yuan, an increase of 128.6 year-on-year. %, to achieve a turnaround.
According to the announcement, the company achieved revenue of 202 million yuan in the third quarter, up 2.68% year-on-year; net profit attributable to shareholders of listed companies was 64.598 million yuan, a year-on-year increase of 290.21%. As of the reporting period, the company achieved revenue of 533 million yuan in the first three quarters, a decrease of 0.71% year-on-year; net profit of 22,816,600 yuan, an increase of 128.6% year-on-year, turning losses into profits.
Regarding the reasons for major changes in financial data, Western Animal Husbandry indicated that it was mainly due to the sale of subsidiaries, subsidiaries’ assets and equity, the scope of consolidation changed, and the increase in investment income to be confirmed at the merger level.