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Muyuan Foods (002714.SZ): Current heavy rain weather has not had a major impact on the company's production and operation.
On July 12th, Gelonhui reported that an investor asked Muyuan Foods (002714.SZ) on the investor interaction platform, "How has the heavy rain affected Muyuan's breeding farms? Will it affect the performance target?" The company replied that when designing the farm area, extreme weather such as typhoons and heavy rains were taken into consideration, and the company has established preventive measures to deal with extreme weather based on weather warnings. The current heavy rain has not had a significant impact on the company's production and operation.
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.
Muyuan Foods (002714.SZ): The company slaughtered a total of 5.41 million pigs in the first half of the year with an annual slaughter capacity of 29 million pigs.
Muyuan Foods (002714.SZ) disclosed its investor relations activity record, reporting that in the first half of 2024, it slaughtered 5.41 million pigs, with a slaughter capacity of 29 million pigs per year and a capacity utilization rate of around 37%, which is basically the same as the same period last year. The slaughter sector did not achieve profitability in the first half of the year due to two main reasons. Firstly, the level of slaughter volume and capacity utilization rate did not reach the ideal level. Secondly, it was affected by downstream market demand. The animal slaughter meat sector will continue to explore markets and sales channels, optimize the product structure, improve capacity utilization, and strengthen internal operation management while constantly making improvements.
Hong Kong stock market concept tracking | Pig cycle continues to recover, many pig enterprises significantly increase profits in the second quarter (including concept stocks).
With the recovery of the pig cycle in the first half of this year, pig prices have also started to rise and surpassed the highest level of the past three years in June.
Muyuan Foods: 2024 Interim Performance Forecast
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.
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