002100 Tecon Biology Co.Ltd
- 6.60
- -0.04-0.60%
Tecon Biology Co.Ltd News
Tianfeng Securities: The valuation is currently at a relatively low position, highlighting the value of the pig breeding sector.
In the situation where the previous production capacity has been fully utilized to drive the reversal of pig prices and the progress of supplementing the herd is limited, the industry has considerable profit space. Enterprises with strong cost control ability and high growth elasticity will obviously emerge as the bearish market leader with extended industry cycle length.
China Post Securities: it is expected that the pig price will be more likely to rise than fall in the second half of the year, and the profitability of the industry may exceed the market expectations.
Although the current weak demand limits the rise of pork prices, the reduced supply will support the prices, and the relatively tight supply pattern may last for a long time. If demand improves slightly in the second half of the year, the stimulating effect on prices will be greater than before.
Pacific Securities: The upward trend in mid-term pig prices is still present. Focus on investment opportunities in the sector.
Affected by summer vacation, pork consumption may be weak in the short term, but overall demand has already hit the bottom and is expected to gradually improve in August and September.
Tecon Biology Co. Ltd. (002100.SZ): In the first half of the year, government procurement vaccines accounted for 56% of animal vaccine sales, while market vaccines accounted for 44%.
On July 12, 2024, Tecon Biology Co. Ltd. (SZ002100) held a 2024 semi-annual performance forecast communication meeting, in which the company was asked about the sales proportion of animal vaccines in the government procurement and market for the first half of 2024. The company responded that the proportion of government procurement vaccines and market vaccines in the sales of animal vaccines in the first half of 2024 was 56% and 44%, respectively.
Tecon Biology Co. Ltd. (002100.SZ): The fully loaded cost of hog farming for the company in the second quarter was 15.15 yuan/kg.
On July 12th, 2024, Tecon Biology Co. Ltd. (002100.SZ) held a 2024 interim performance forecast communication meeting. When asked "What is the complete cost of the company currently?", the company responded that the complete cost of hog farming in the second quarter was 15.15 yuan/kg. The main reasons for the decrease in cost compared to the first quarter were the decrease in fodder prices, the improvement of production efficiency, and the improvement of production management.
Tecon Biology Co. Ltd (002100.SZ) had a total of 1.4041 million livestock slaughtered in the first half of this year.
On July 12, 2024, Tecon Biology Co., Ltd. (002100.SZ) held a communication meeting for the performance forecast of the first half of 2024. When asked about "Can you please break down the structure of pig production in the first half of 2024?", the company replied that the total number of pigs slaughtered in the first half of this year was 1.4041 million, including 1.25 million fattening pigs, 0.15 million piglets, and a small number of breeding pigs. Due to the high price of piglets in the second quarter, the company sold more piglets than in the first quarter.
Tecon Biology Co.Ltd: 2024 Interim Performance Forecast
Guosheng Securities: It is expected that the extreme value of this round of pig cycle will appear from September to November, and the bullish market may start again.
It is expected that the extreme values of this cycle will appear in September to November 2024, which is also the traditional peak season for pig consumption. The marginal improvement of demand or the strengthening of price performance.
Tecon Biology's Pig Sales Revenue Rises in June; Shares Slide 4%
Tecon Biology Co. Ltd (002100.SZ): The hog sales revenue in June was 425 million yuan, a year-on-year increase of 15.18%.
On July 8th, Gelonhui reported that Tecon Biology Co. Ltd. (002100.SZ) sold 0.259 million live pigs in June 2024, with a month-on-month growth of 1.85% and a year-on-year growth of 8.37%. The sales revenue was 0.425 billion yuan, a decrease of 1.39% from the previous month and an increase of 15.18% year-on-year. The average selling price of commodity pigs (excluding piglets and breeding pigs) in June 2024 was 17.04 yuan/kg, a month-on-month increase of 14.67%. From January to June 2024, the company sold a total of 1.4014 million live pigs, an increase of 7.00% compared to the same period last year. The total sales revenue was 22 billion yuan.
GF Securities: Pig prices are expected to rise again in July, and the trend of aquatic product price recovery will continue.
According to a report by GF SEC on Zhicheng Finance APP, due to factors such as the previous clearance of production capacity, pig prices have maintained a high shake state in June, with an average profit of more than RMB 300/head for self-breeding. With the subsequent seasonal recovery of demand, pig prices are expected to rise again in July. Benefiting from the previous decline in raw material prices and the improvement in epidemic prevention efficiency, the cost of slaughter has entered a rapidly declining channel. Looking forward to the third quarter, pig breeding companies are expected to fully benefit from the expanding "scissors difference" between rising pig prices and falling costs, and the overall profitability level is expected to exceed market expectations. In terms of aquatic feed, in June, the price of common water fish was suppressed due to the end of the seeding season and relatively weak consumption.
Guosheng Securities: Where does the elasticity of pig prices come from?
Since June, the national average price of live pigs has been on the rise, but there has not been any relatively aggressive breeding operation in the industry. Considering the change rhythm of sow in 2023 and the consumption elasticity of the year, the reduction of supply is still continuing, and the seasonal increase of consumption is about to come.
China Galaxy Securities: Pig prices in Q3 2024 may continue to rebound in a volatile manner. Pay attention to the industry's adjustment layout opportunities.
Animal husbandry is currently a concern, and it is recommended to focus on the opportunity for the layout of hog farming industry's callback. The price of yellow chickens is somewhat correlated with hog prices, and considering the low supply side of oneself, there may be a possibility of price increase in the future.
As of June 20th, Tecon Biology Co. Ltd (002100.SZ) has 57,406 shareholders.
Tecon Biology Co. Ltd. (002100.SZ) stated on its investor interaction platform on June 21 that as of the close of June 20, 2024, the company had 57,406 shareholders.
BT financial report: An analysis of Tecon Biology Co. Ltd.'s Q1 report for 2024 reveals steady performance and significant improvement in cash flow.
Tecon Biology Co. Ltd. (stock code: 002100) recently released its financial report for the first quarter of 2024. As an influential enterprise in the fields of biomedical and agricultural, its latest financial data demonstrates the company's operational capabilities and development potential in a complex and ever-changing market environment. First of all, looking at the asset-liability data, the total assets of Tecon Biology reached 17.167 billion yuan at the end of this reporting period, an increase of 2.48% compared with the end of the previous year, which was mainly due to the stable expansion of the company's business. At the same time, the shareholders' equity attributable to the listed company's shareholders has also slightly increased, from 6.41
Tecon Biology Co. Ltd. (002100.SZ): The complete cost of hog farming in May has been reduced to 14.88 yuan/kg.
Tecon Biology Co. Ltd. (002100.SZ) stated on the investor interaction platform on June 12 that the total cost of hog farming in May has been reduced to 14.88 yuan/kg.
TECON BIOLOGYLTD (SZSE:002100 Investor Three-year Losses Grow to 11% as the Stock Sheds CN¥478m This Past Week
Tecon Biology's Pig Sales Revenue Rises in May
Express News | Tecon Biology Says May Hog Sales up 8.6% Y/Y at 431 Mln Yuan
China Galaxy Securities: Pig prices rose year on year in '24, H2 average price was significantly better than H1 with high certainty
If MSY was within +0.39 year on year in '24, then the number of fat pigs released declined year on year, and the average annual price of pigs increased year on year. At the same time, considering the gradual intensification of the conflict between supply and demand, the average price of 24H2 pigs is significantly superior to H1 with high certainty.
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