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Wens Foodstuff Group (300498.SZ): In the first half of the year, the company's chicken farming business achieved a profit of approximately 0.8 billion yuan.
On September 9th, Wens Foodstuff Group (300498.SZ) stated on the investor interaction platform that in 2023, the company's sales of broilers will reach 1.183 billion (including broilers, fresh products, and processed foods), accounting for 9.1% of the total broiler output in China (including white feather, yellow feather, and small white feather broilers), ranking first among listed companies in the same industry. In the first half of the year, the company's broiler farming business achieved a profit of approximately 0.8 billion yuan. The company will continue to make efforts to improve the production and operation management of broiler farming and further enhance the company's core competitiveness.
August is the peak period of profitability for pig enterprises, with daily profits exceeding one billion yuan. | Industry News
①In August, the pig market continued to recover, with sales prices of major pig companies reaching a new high this year; ②The peak of profitability for pig companies still focuses on reducing costs and increasing efficiency. Muyuan Foods, Shennong Group, and Wens Foodstuff Group have all reduced their fully loaded costs to below 14 yuan/kg; ③Some industry insiders believe that breeding companies will continue to maintain a considerable profit trend this year.
Express News | Wens Foodstuff Aug Hog Sales at 5.9 Bln Yuan, up 42.3% Y/Y
Wens Foodstuff Group (300498.SZ): The sales revenue of pork in August was 5.863 billion yuan.
On September 6th, Wens Foodstuff Group (300498.SZ) announced that the company sold 108.6656 million meat chickens (including fryers, fresh products, and cooked food) in August 2024, with a revenue of 2.977 billion yuan. The average selling price of fryers was 13.21 yuan/kg, with a monthly change of 11.68%, 13.32%, and 0.08% respectively, and a year-on-year change of 1.81%, -9.71%, and -12.34%. The company sold 18.3711 million white-feathered chicks in August 2024, with a total sales of 120.0343 million white-feathered chicks in the year.
GF Securities: The high prosperity of the pig industry is expected to continue. Pay attention to the positive increase in aquatic seedling investment in the third quarter.
The average price of live pigs in August continues to rise, and with the gradual arrival of the peak consumption season after September, pig prices are expected to continue to remain strong. The late August and early September batch of piglet stocking volumes have increased significantly compared to the same period last year, and the subsequent off-season stocking is expected to continue this trend.
Shanxi Securities: The sustainability of winox in the hog farming industry this round may exceed market pessimistic expectations.
The sustainability of the profit time in the hog farming industry may exceed the market's pessimistic expectations. Driven by fundamentals, there may be expected corrections and valuation recovery in the subsequent period for hog farming stocks.
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