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Market Chatter: Four of 18 Chinese Hog Breeders Seen to Log H1 Profits
Only four of 18 China-based hog breeders that have reported first-half figures are forecast to have logged profits, Yicai Global reported Friday.Muyuan Foods (SHE:002714) forecasts a profit of
Shennong Group (605296.SH): The company's goal for 2025 is to sell 3.5 million heads.
On July 11th, Gelunhui reported that Shen Nong Group (605296.SH) disclosed the investor relations activity record. In the future, the company will distribute dividends based on profitability to ensure the interests of investors. The company aims to reach an output of 3.5 million heads in 2025, and 5 million heads in 2027-2028 (2.5 million in Yunnan, 2 million in Guangxi, and 0.5 million in Guangdong), with an annual growth target of 0.5-1 million heads.
Shennong Group (605296.SH): Expected to reach about 1.05 million breeding sows by the end of July.
On July 11th, Gelonhui reported that the investor relations activity record of Shennong Group (605296.SH) showed that the number of able female pigs was 0.098 million at the end of June, and it is expected to reach about 0.105 million by the end of July. It will gradually reach full capacity operation of existing production capacity in 3-4 months. Currently, the scale of sow inventory is about 0.122 million. There is also a sow farm with a scale of 8,000 in Yunnan that is preparing to start construction. If the new pig farm can be completed and delivered by the end of the year, the sow inventory scale can reach 0.13 million at the end of the year.
Shennong Group (605296.SH): PSY has been maintained at the level of 27-28 heads this year. This year's PSY target is +28 heads.
On July 11th, Gelonghui reported that Shen Nong Group (605296.SH) disclosed its investor relations activity record, which showed that the PSY has been maintained at a level of 27-28 this year, with a target of 28+. The cost of weaning has dropped from 330+ yuan/head at the beginning of the year to 305 yuan/head currently, and the target for this year is to achieve below 300 yuan/head. The meat-to-feed ratio has remained at 2.5-2.6 for the first half of the year, and the target for the full year is to achieve a complete cost of less than 14 yuan/kilogram.
Shennong Group (605296.SH): The average complete cost from January to June is 14.2 yuan/kg.
On July 11, Glonhui reported that the investor relations activity record table showed that from January to June 2024, the company's output continued to increase, with a total of 1.0924 million pigs, a year-on-year increase of 62.83%. From the profit perspective, the company expects to achieve net income of 1.04 to 1.28 billion yuan, a year-on-year increase of 139.42% to 148.52%, turning losses into profits compared to the same period last year. At the same time, the cost side continued to decline steadily, with a complete cost of 13.7 yuan/kg in June, and a complete cost of 13.9 yuan/kg in the second quarter.
Yunnan Shennong Agricultural Industry Group Co., Ltd. performance forecast for the first half of 2024.
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