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Jiangsu Lihua Animal Husbandry (SZSE:300761) Seems To Use Debt Quite Sensibly
Jiangsu Lihua Animal Husbandry Reports Higher Revenue From Pig, Broiler Sales in October
Jiangsu Lihua Animal Husbandry (300761.SZ): The sales revenue of broilers in October was 1.311 billion yuan, an increase of 11.57% year-on-year.
On November 7, JL Jiangsu Lihua Animal Husbandry (300761.SZ) announced that in October 2024, the company sold a total of 47.6385 million broilers (including live chickens, slaughtered products, and processed products), generating sales revenue of 1.311 billion yuan. The average selling price of live chickens was 13.00 yuan/kg, with a month-on-month change of -1.84%, -0.98%, -1.22%, and a year-on-year change of 19.49%, 11.57%, -7.54%. In October 2024, the company sold 0.146 million pigs, generating sales revenue of 0.318 billion yuan. The average selling price of pigs was 17.84 yuan/kg compared to the previous month.
Lihua Co., Ltd.: Sales Briefing for October 2024
Costs for 90% of pig enterprises have dropped to the range of 14 yuan: many companies say there is still room for cost reduction. Will profits stabilize next year? | Industry Observation
① 90% of the listed pork enterprises have reduced their costs to the range of 14 yuan per kilogram, including 5 enterprises such as Sunlon, Muyuan Foods, and Wens Foodstuff Group have reduced to the range of 13 yuan per kilogram; ② Many listed pork enterprises have indicated that there is still some room for cost reduction in the fourth quarter and next year; ③ Industry insiders believe that the cost reduction achievements have become the moat for the long-term development of pig enterprises. While helping companies expand profit margins, it also enhances the resilience of the companies against risks.
Estimating The Fair Value Of Jiangsu Lihua Animal Husbandry Co., Ltd. (SZSE:300761)
Is Jiangsu Lihua Animal Husbandry (SZSE:300761) Using Too Much Debt?
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