$COFCO JOYCOME (01610.HK)$ The profit composition of the thi...

The profit composition of the third quarter is roughly analyzed as follows:

1. Profit of commercial pig sales is 0;

2. Pig futures hedging profit of 200 million yuan (the previous post has analyzed that COFCO Futures earned 288 million yuan on 2109 contract pig futures, and according to the relatively optimistic ratio of 70% split to CoFCO Jiakang, got 200 million yuan);

3, fresh pork sales profit of 600 million;

4, other 50 million (foreign exchange hedging, soybean meal futures and other comprehensive).