Research reports reveal that the profit performance of Jiangsu Lihua Animal Husbandry exceeds expectations, and China Merchants maintains a "strong recommendation" rating.

Gelonghui Finance · Jul 23 04:01

China Merchants Securities research report pointed out that in the first half of the year, Lihua Animal Husbandry (300761.SZ) continued to see good prices for livestock and poultry. Coupled with the continuous improvement of the company's breeding level and the continuous optimization of feed costs, the company's profit performance exceeds expectations. Bullish on the yellow chicken and pig industry. Maintain a "strongly recommended" investment rating. Second quarter profit is expected to be 0.47-0.52 billion yuan (compared to a loss of 0.2 billion yuan in the same period last year), with EPS of 0.57-0.63 yuan. Overall, due to the gradual decline in feed costs and the continuous improvement of the company's breeding level, the company's livestock and poultry breeding costs have improved significantly. The pig breeding sector turned losses into profits in the second quarter, and the estimated profit of the sector is around 0.5-0.08 billion yuan. In addition, the company's goose farming business is also expected to contribute to profits. Overall, the company's interim report performance exceeded expectations.

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研报掘金丨招商证券：立华股份盈利表现超预期，维持“强烈推荐”评级

Research reports reveal that the profit performance of Jiangsu Lihua Animal Husbandry exceeds expectations, and China Merchants maintains a "strong recommendation" rating.

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