Gelonghui, March 25 | Dekang Agriculture and Animal Husbandry (02419.HK) announced that in 2023, the company's revenue was RMB 16.155 billion, an increase of 7.4% over 2022, mainly due to the increase in revenue from the pig sector. The company recorded a loss of RMB 1,279 million before the fair value adjustment of biological assets in 2023, and profit of RMB 605 million before the fair value adjustment of biological assets in 2022. Mainly due to the sharp drop in pig prices in 2023, the average selling price fell 19.4% from the same period in 2022, and the average selling price of commercial chicken fell by about 10% compared to 2022. Loss of RMB 4.88 per share.
In view of the multiple external challenges, the company insists on improving internal capabilities, carrying out strict internal benchmarking and implementing on-site management methods to narrow the gap in breeding results. Furthermore, the company strategically optimizes the management team and implements targeted incentives to give full play to the enthusiasm and sense of responsibility of frontline employees. In addition, the company is increasing its procurement market research and raw material analysis efforts, with the aim of effectively controlling the cost of the company's feed.