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Minsheng Securities: Pig prices continue to fluctuate in the high prosperity range, waiting for positive transmission in the post-cycle.
The number of newborn piglets has a turning point since October 2023. Pushing back six months means that April 2024 will mark the turning point for the number of pigs slaughtered, with later pig supply pressures easing month by month.
Huachuang Securities: White chicken prices rebound in July, and industry profits may improve in the second half of the year.
From a long-term perspective, the cost-effectiveness and economic advantages of white chicken as the animal protein with the lowest feed-meat ratio will be further demonstrated, highlighting the long-term growth potential of the industry.
China Yurun Food's Loss Narrows in First Half of 2024
Express News | Corrected-China Yurun Food Group H1 EPS HKD -0.006 (Corrects Amount)
Yurun Food (01068.HK) achieved a revenue of 0.539 billion Hong Kong dollars in the first half of the year.
Yurun Food (01068.HK) announced on August 21 that the group recorded revenue of HKD 0.539 billion in the first half of 2024 (HKD 0.77 billion in the first half of 2023). During the reporting period, the loss attributable to equity holders was approximately HKD 10 million (HKD 20 million in the first half of 2023). The basic and diluted loss per share was HKD 0.006 (HKD 0.011 in the first half of 2023).
Express News | China Yurun Food Group H1 Gross Profit HKD 76 Million
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