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Charoen Pokphand Achieves Record Revenue and Profits in Poultry Sector

Investments in infrastructure and processed food innovation propel CP to new financial heights, with ambitious plans for further growth
Taiwan
c 1215.TW Mid and Small Cap 2000
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Charoen Pokphand Enterprise (Taiwan) CP), a leading name in the white broiler chicken industry, has announced its financial triumphs for the past year, achieving an unprecedented consolidated revenue of 29.16 billion yuan and a net profit after tax of 2.268 billion yuan. The company’s earnings per share stood at an impressive 7.7 yuan, marking a historic peak in its financial performance.

CP’s Chairman, Zheng Wuyue, attributed this remarkable success to the company’s strategic infrastructure investments over recent years, with an average annual expenditure ranging between 2.2 to 2.5 billion yuan. Continuing on this trajectory, CP is poised to inject an additional 2 billion yuan into its operations this year, underscoring its commitment to growth and innovation.

The investment focus for the upcoming year is set to revamp the feed factory and expand into the burgeoning market of processed foods, a sector that has seen a significant uptick post-pandemic. Recognizing the growing consumer preference for microwave-ready meals, CP is set to diversify its offerings, emphasizing barbecue and pasta products, among others. This pivot is not just a response to market demand but a strategic move to double sales in this segment, promising a substantial boost to CP’s operational expansion.

Charoen Pokphand’s strategic foresight and adaptability to evolving market trends have positioned it as a powerhouse in the poultry industry, setting the stage for continued financial success and operational growth. The company’s robust performance and ambitious investment plans signal a bullish outlook, promising exciting developments in the food sector and beyond.

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