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Higher Pork Prices Drive Stronger-than-Expected Rise in China's July Consumer Prices
Wens Foodstuff Group Posts Higher Chicken, Pig Sales Revenue in July
Express News | Wens Foodstuff Says July Hog Sales up 51.2% Y/Y at 5.3 Bln Yuan
Wens Foodstuff Group (300498.SZ): In July, the sales revenue of broiler chickens was 2.627 billion yuan.
On August 6th, Gelonhui reported that Wens Foodstuff Group (300498.SZ) sold 97.3023 million broilers (including live chickens, fresh products, and cooked products) in July 2024, with a revenue of 2.627 billion yuan. The average selling price of live chickens was 13.20 yuan per kilogram, with monthly changes of 5.20%, 0.08%, and -3.51% respectively, and year-on-year changes of 2.77%, 0.42%, and -1.86% respectively.
Tianfeng Securities: The valuation is currently at a relatively low position, highlighting the value of the pig breeding sector.
In the situation where the previous production capacity has been fully utilized to drive the reversal of pig prices and the progress of supplementing the herd is limited, the industry has considerable profit space. Enterprises with strong cost control ability and high growth elasticity will obviously emerge as the bearish market leader with extended industry cycle length.
gtja Securities: strong reality, weak expectations, misalignment of pig cycle position and valuation level.
Under weak expectations but strong reality, the current spot price has already led the rise and exceeded expectations. Even if following the spot price, related companies still have room for valuation repair.
Investors Aren't Entirely Convinced By Wens Foodstuff Group Co., Ltd.'s (SZSE:300498) RevenuesNo Data
