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DEKON AGR (02419.HK) Operation Brief: In January, Hog Sale revenue reached 1.668 billion yuan.
On February 14, Gelonghui reported that DEKON AGR (02419.HK) released the operation report for January 2025. In that month, the company sold 806,670 live pigs (of which 784,290 were Commodity pigs), with sales revenue of 1.668 billion yuan; the average sales price of Commodity pigs was 16.12 yuan/kg, a decrease of 3.59% compared to December 2024. In January 2025, the company sold 8,214,480 yellow feathered broilers, with sales revenue of 0.26523 billion yuan; the average sales price of yellow feathered broilers was 13.63 yuan/kg, compared to 2024.
Express News | DEKON Food and Agriculture Group - Jan Sold 806,670 Heads of Pigs With Sales Revenue of RMB1,668.00 Mln
Raising White Chickens = Raising Chickens for Free? The price of white-feathered broilers has dropped to 10 yuan for 4 jin, and farmers are facing "violent capacity reduction"?
Recently, in some areas of ShanDong, the Quote for white feather broilers has dropped to 10 yuan for 4 jin, reaching a new low in nearly 5 years, causing heavy losses for farmers; The industry believes that the main reason for the plummeting price of broilers is the short-term oversupply combined with slaughterhouses taking advantage to "harvest profits."
Dekon Food and Agriculture Group Expects to Turn to Profit in 2024
DEKON AGR (02419.HK) profit alert: It is expected that the annual profit before the fair value adjustment of biological assets will be approximately 3.1 billion yuan to -3.3 billion yuan.
On January 23, GELONGHUI reported that DEKON AGR (02419.HK) announced that the group expects to record a profit before fair value adjustments of biological assets of approximately RMB 3.1 billion to RMB 3.3 billion for the year ending December 31, 2024, while it recorded a loss before fair value adjustments of biological assets of approximately RMB 1.279 billion for the year ending December 31, 2023. The expected turnaround from loss to profit is mainly attributed to the year-on-year increase in pig prices, as well as the continuous improvements in the company's management efficiency and production Indicators, combined with the decline in fodder and fodder raw material prices, resulting in a significant decrease in the company's production costs year-on-year.
Express News | DEKON Food and Agriculture - Expected Result Due to to Increase in Sales Price of Pigs, Others
