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huaan: It is expected that the enthusiasm for restocking will remain weak in Q4 2024, while pig prices in 2025 will receive strong support.
At the end of the third quarter, the average debt-to-asset ratio of listed pig companies remained high at 61.5%, and winter is a peak period for outbreaks in the north. As of now, pork prices are also lower than in Q3, and it is expected that the enthusiasm for restocking in Q4 will be weaker than in Q3, with restocking enthusiasm continuing to be sluggish.
Wens Foodstuff Group (300498.SZ): At the end of October, the company's asset-liability ratio further decreased to 53%-54%.
Gelonghui reported on November 18 that the wens foodstuff group (300498.SZ) stated in its investor relations that with the improvement of the company's profitability and active repayment of part of its interest-bearing debts, the company's asset-liability ratio is rapidly declining. By the end of October, the company's asset-liability ratio further decreased to 53%-54%.
Wens Foodstuff Group (300498.SZ): The cumulative sales of live pigs (including hogs and fresh products) from January to October reached 24.23 million heads, a 17% increase year-on-year.
On November 18th, wens foodstuff group (300498.SZ) stated in investor relations that from January to October, the company has sold a total of 24.23 million meat pigs (including hogs and fresh products), a year-on-year increase of 17%; in addition to meat pigs, they also exported 0.95 million piglets. They sold 0.99 billion meat chickens (including chickens, fresh products, and cooked food), with fresh products accounting for 0.14 billion, making up 14% of sales, and about 11 million cooked food items; there were approximately 41 million ducks (including ducks and fresh products).
Declining Stock and Decent Financials: Is The Market Wrong About Wens Foodstuff Group Co., Ltd. (SZSE:300498)?
Zhongan Securities: Recently, pig prices have continued to decline slightly, and the production capacity growth of breeding enterprises has slowed down.
China Post Securities released research reports stating that the current prices in many areas have fallen below 17 yuan/KG, and with the temperature gradually declining, it is expected that there will be limited downward space in the future.
Guolian Securities: Hog farming prosperity rises, pet and fodder companies' prosperity is on the rise.
In Q3 2024, the revenue of the pig sector increased compared to the previous quarter. 15 listed pig companies achieved a revenue of 126.516 billion yuan in the third quarter of 2024, an increase of 3.20% year-on-year and 18.01% quarter-on-quarter.
Investors Aren't Entirely Convinced By Wens Foodstuff Group Co., Ltd.'s (SZSE:300498) RevenuesNo Data
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