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huaan: It is expected that the enthusiasm for restocking will remain weak in Q4 2024, while pig prices in 2025 will receive strong support.
At the end of the third quarter, the average debt-to-asset ratio of listed pig companies remained high at 61.5%, and winter is a peak period for outbreaks in the north. As of now, pork prices are also lower than in Q3, and it is expected that the enthusiasm for restocking in Q4 will be weaker than in Q3, with restocking enthusiasm continuing to be sluggish.
Tecon Biology's Pig Sales Revenue Jumps 15% in October
Tiankang Biology: Briefing on pig sales in October 2024
tecon biology co.ltd (002100.SZ): hog sales revenue in October was 0.471 billion yuan, a year-on-year increase of 14.60%.
Gelonghui November 8th| tepu biology co.ltd (002100.SZ) announced that in October 2024, the company sold 0.2843 million live pigs, with a month-on-month growth of 0.92% and a year-on-year growth of 22.86%; sales revenue was 0.471 billion yuan, with a month-on-month decrease of 11.63% and a year-on-year growth of 14.60%. In October 2024, the average selling price of commercial pigs (excluding piglets and breeding pigs) was 16.91 yuan/kg, a decrease of 6.11% month-on-month. From January to October 2024, the company has accumulated sales of 2.4281 million live pigs, a 6.04% increase compared to the same period last year; accumulated sales
Costs for 90% of pig enterprises have dropped to the range of 14 yuan: many companies say there is still room for cost reduction. Will profits stabilize next year? | Industry Observation
① 90% of the listed pork enterprises have reduced their costs to the range of 14 yuan per kilogram, including 5 enterprises such as Sunlon, Muyuan Foods, and Wens Foodstuff Group have reduced to the range of 13 yuan per kilogram; ② Many listed pork enterprises have indicated that there is still some room for cost reduction in the fourth quarter and next year; ③ Industry insiders believe that the cost reduction achievements have become the moat for the long-term development of pig enterprises. While helping companies expand profit margins, it also enhances the resilience of the companies against risks.
Tiankang Biology: Report for the third quarter of 2024
TECON BIOLOGYLTD (SZSE:002100 Investor Three-year Losses Grow to 29% as the Stock Sheds CN¥478m This Past WeekNo Data
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