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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.
Private Companies Who Have a Significant Stake Must Be Disappointed Along With Institutions After Zhejiang Huatong Meat Products Co., Ltd.'s (SZSE:002840) Market Cap Dropped by CN¥371m
Tianfeng Securities: The value of the pig breeding sector is prominent. Companies with high growth elasticity may clearly emerge from the alpha market.
Tianfeng Securities released a research report stating that with the sufficient clearance of previous production capacity and limited progress in replenishing pig farms, the industry has considerable profit space in the lengthening of the business cycle during a bearish period for hog prices.
Zhejiang Huatong Meat Products (002840.SZ): Board of directors' secretary Zhu Wanzhen resigned due to work adjustment.
On July 16th, GeLongHui reported that Zhejiang Huatong Meat Products (002840.SZ) received a written resignation report from Ms. Zhu Wanzhen, the secretary of the company's board of directors. She resigned from the position of secretary of the board of directors due to work adjustment, but she still holds other positions in the company and its subsidiaries. As of the disclosure date of this announcement, Ms. Zhu Wanzhen directly holds 86,000 shares of the company's stock. The company will continue to strictly manage the shares held by her in accordance with relevant laws, regulations, and commitments. To ensure the smooth operation of the board of directors, the company held the ninth meeting of the fifth board of directors on July 16, 2024 and approved it.
Zhejiang Huatong Meat Products (002840.SZ): hog sales revenue decreased by 9.93% month-on-month in June, a year-on-year increase of 37.25%.
On July 12th, Glon Hui reported that Zhejiang Huatong Meat Products (002840.SZ) sold 205,691 hogs in June 2024 (including the sale of 21,363 piglets), a decrease of 24.47% MoM and a decrease of 7.25% YoY. In June 2024, hog sales revenue was CNY 433.8931 million, a decrease of 9.93% MoM and an increase of 37.25% YoY. In June 2024, the average commodity hog selling price was CNY 18.50/kg, an increase of 16.35% compared to May 2024. The June 2024 hog sales revenue is the same.
Huatong Meat Products to Trim Losses in H1
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