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Market Might Still Lack Some Conviction On Henan Huaying Agricultural Development Co., Ltd. (SZSE:002321) Even After 26% Share Price Boost
Henan Huaying Agricultural Development (002321.SZ): There are some commodity purchase and sales business transactions with subsidiaries of Cofco Corporation.
On November 6, Kelonhui announced that Henan Huaying Agricultural Development (002321.SZ) held a performance briefing on November 6, 2024, regarding "Is there any business connection between the company and CP Group, and is there any intention to cooperate in the future?" The company stated that there are some commodity trading business transactions between the company and CP Group's subsidiaries.
Henan Huaying Agricultural Development (002321.SZ): The ready-to-eat sector has already resumed a growth trend in the third quarter.
Gelonghui November 6th | Henan Huaying Agricultural Development (002321.SZ) held a performance briefing on November 6, 2024, regarding the company's semi-annual report stating that the export performance of duck products to the EU in the first half of the year declined due to the Red Sea incident. Will there be any improvement in the second half of the year? The company stated that the deli sector has resumed growth momentum in the third quarter, mainly due to steady growth in production and sales volume to Japan and South Korea, demonstrating the company's strong competitiveness in the processed duck meat export market.
Henan Huaying Agricultural Development (002321.SZ): The main markets for exported cooked duck meat are the European Union, South Korea, and Japan.
On November 6, Hankook Huaying Agricultural Development (002321.SZ) held a performance briefing on November 6, 2024, regarding 'How is the situation of the processed food sector products going abroad?' The company stated that the main markets for the company's processed duck meat exports are the European Union, South Korea, and Japan. The company's products have a market share of approximately 40% and 60% in the duck meat market in Japan and South Korea, respectively, making it China's largest supplier of duck meat products exported to Japan and South Korea; the company is also one of the few in the industry with the qualification to export to the European Union. In the first three quarters of this year, the company's processed food export business maintained a growth trend, mainly due to stable production and sales volume in Japan and South Korea.
Huaying Agriculture: Report for the third quarter of 2024
We Think Henan Huaying Agricultural Development (SZSE:002321) Is Taking Some Risk With Its Debt
Risks Still Elevated At These Prices As Henan Huaying Agricultural Development Co., Ltd. (SZSE:002321) Shares Dive 26%
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