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CICC: In October, pig prices continued to decline, while the number of animals slaughtered continued to increase slowly.
From October to mid-November, the pig price continues to decline, but the decline is slow and resilient, mainly due to the small increase in supply and the low acceptance of low prices by the breeding side.
Huafu Securities: Pig prices are expected to rebound in the peak season at the end of the year, and the high profits in Q4 are expected to continue.
The increase in output in October compared to the previous month and the same period last year is significant.
Dongxing: In October, the average price of pigs has adjusted, and the profits of leading farming operations continue to be realized.
At the end of the year, the group enterprise's realization of slaughter volume on the supply side and the situation of increasing weight at the industry end are present. On the demand side, with the cooling weather and traditional consumer boost from preserved meat for the Lunar New Year, in the game of supply and demand thriving, there may be a phase of price rebound in the future.
Wens Foodstuff Group (300498.SZ): Intends to terminate the construction of Huangci Breeding Area in Xianning Wens Livestock Co., Ltd. and Niu Changling Breeding Area in Songzi Wens Livestock Co., Ltd.
On November 22, Gelonghui reported that Wens Foodstuff Group (300498.SZ) announced that the thirty-first meeting of its fourth board of directors reviewed and approved the "Proposal to Terminate Certain Fundraising Investment Projects," agreeing to terminate the construction of the Huangci Breeding Area of Xianning Wens Livestock Co., Ltd. and the Niu Changling Breeding Area of Songzi Wens Livestock Co., Ltd. This matter still needs to be submitted to the company's shareholder meeting and the convertible bonds holder meeting for approval before it can be implemented. The company intends to terminate the construction of the Huangci Breeding Area of Xianning Wens Livestock Co., Ltd. mainly due to the tight land usage in the project vicinity, making it difficult to lease land for sewerage treatment.
wens foodstuff group (300498.SZ) intends to donate 2.7 million yuan to the Education Development Fund of South China Agriculture University.
wens foodstuff group (300498.SZ) announced that the board of directors of the company has approved the "Proposal on External Donations."
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.
Investors Aren't Entirely Convinced By Wens Foodstuff Group Co., Ltd.'s (SZSE:300498) RevenuesNo Data
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