Has the pig cycle reversed? "Top pig farmer" Muyuan Foods is expected to turn a profit in the first half of the year, with quarterly profits exceeding 3 billion!

Is it finally the turning point for the hog cycle as "Second Brother" rebounds and listed pig companies forecast a return to profit? On Wednesday evening, listed pig breeding enterprise Muyuan Foods announced its performance forecast for the first half of 2024. The announcement indicated that Muyuan Foods is expected to achieve a net profit attributable to shareholders of RMB 0.7-0.9 billion in the first half of 2024, reversing its losses from the same period last year. The basic earnings per share will be between RMB 0.13 and RMB 0.17, compared to a loss of RMB 0.52 per share during the same period last year. The company stated that the main reason for the return to profit in the first half of 2024 was the increase in the number of hogs sold and the average selling price of hogs, as well as the decrease in the cost of hog farming during the reporting period.

wallstreetcnJul 10 09:11 ET

AH stocks collectively opened lower, with brokerage and baijiu sector falling, and Kweichow Moutai falling more than 2%.

On Monday, the Shanghai Composite Index opened down 0.49%, the Shenzhen Component Index fell 0.3%, and the Growth Enterprise Market fell 0.42%. The Wande total A shares fell 0.49%. Commercial aerospace and ultra-high-voltage power transmission concepts strengthened, while baijiu, brokerage, and education industries had the biggest decline. Kweichow Moutai continued to fall, down 2.7%. Hong Kong stocks opened and fell, with the Hang Seng Index down 0.52%, enn energy and galaxy ent both fell nearly 2%, and Alibaba fell more than 1%. The Hang Seng Tech Index fell 0.58%, with Weibo and Kuaishou both down more than 1%. Brilliance Chi rose nearly 15% and plans to distribute special stock dividends of HK$4.3 per share. In the A-share sector, electrical utilities once again fell, with Sichuan Mingxing Electric Power down nearly

wallstreetcnJun 16 21:44 ET

Ah stocks opened low and went down, while apple supplier shares were strong. Shipping, metals sector continued to decline, and Kweichow Moutai rose 1%.

Consumer electronics stocks are strong, while shipping and precious metals sectors continue to decline. Baijiu sector rebounded slightly, and Kweichow Moutai rose 1% during early trading. Hong Kong stocks opened low and moved lower, with Hang Seng Tech Index falling 1%. Electric vehicle stocks led the decline, with Nio Inc dropping more than 7%, Xpeng dropping 5%, and Li Auto dropping 2%.

wallstreetcnJun 11 21:53 ET

The Feitian series all experienced a large drop, with Moutai's stock price falling more than 3% and trading volume exceeding 10 billion yuan.

On Tuesday, the A-share baijiu sector fell across the board, with kweichow moutai falling more than 3% during the day and trading volume exceeding 10 billion yuan. Since the beginning of this year, kweichow moutai has fallen more than 9%. Prior to this, the Securities Times reported that on the day of the Dragon Boat Festival, the Feitian series fell sharply. According to information released by the No. 2 Sauce platform, from 2023-24, the original box price will drop by 5-10 yuan/bottle, and the bulk price will drop by 40 yuan/bottle in 2024; the zodiac series, the Rabbit, Tiger, and Pig years will drop by 30-50 yuan/bottle, while the Rat and Monkey years will plummet by 100-200 yuan/bottle; the other series will drop by 100 yuan per bottle for the 30-year vintage. The Securities Times cited industry sources as saying that in recent days,

wallstreetcnJun 11 03:32 ET

Chevrolet's “magic car” left lonely

An inflection point for second-tier joint venture brands.

wallstreetcnMay 31 07:07 ET

Why is it difficult for Fat Donglai to solve Yonghui's questions

Fat Donglai, who was once praised by Lei Jun as “the magic presence of China's retail industry,” has been a bit busy lately. Following the launch of targeted support for*ST Bugao (002251.SZ) in December of last year, Fat Donglai recently took another step to help Yonghui Supermarket (601933.SZ), a leading fresh food supermarket. As soon as news broke that the founder of Fat Donglai visited Yonghui Supermarket's Zhengzhou store on May 8, Yonghui Supermarket immediately reaped a rise and fall, increasing its market value by 2.2 billion yuan. But in reality, Fat Donglai, who set off the secondary market, is only a regional retailer in the far corner of Henan Province. Revenue just broke 10 billion dollars in 2023; Yonghui Supermarket is the industry

wallstreetcnMay 10 21:58 ET