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.

cls.cnSep 8 22:35 ET

The pig market is recovering, and new hope liuhe has significantly reduced losses in the first half of the year. However, the fodder business is quietly under pressure. Interpretations of the financial report.

① The recovery of the pig market supported New Hope's significant reduction in losses in H1, and turned losses into profits in Q2. ② The company's fodder business is under pressure, with a 16% YoY decrease in revenue and a 0.79 percentage point decline in gross margin. ③ Some industry experts pointed out that pig prices are expected to remain high in the second half of the year, and the third and fourth quarters will be the main profit period for pig enterprises.

cls.cnAug 30 11:43 ET

Hog farming industry rebounds, leshan giantstar farming&husbandry corporation turns loss into profit in Q2, but stock price plunges to near half! | Interpretations of financial reports.

hog farming is rebounding, leshan giantstar farming&husbandry corporation significantly reduced losses in H1 and achieved a turnaround in Q2; in H1, the company's hog production reached 1.0945 million heads, with commodity hogs reaching 1.0618 million heads, a year-on-year increase of 24.69%; although the performance has improved, the company's stock price has plummeted since June.

cls.cnAug 30 10:19 ET

The recovery of the live pig market, ST Tianbang H1 turns loss into profit, and the pre-reorganization progresses as the company's debt decreases | interpretations

①ST Tianbang achieved a net profit of 0.174 billion yuan after non-deductible adjustments in Q2, compared to a net loss of 0.455 billion yuan after non-deductible adjustments for the company in Q1, indicating a significant improvement in the main business performance; ②During the reporting period, the company's food business grew significantly, but it remained in a loss state; ③The company made certain progress in reducing its debt, with total debt decreasing by 3.577 billion yuan since the beginning of the year and the debt ratio decreasing by 8.33 percentage points.

cls.cnAug 29 11:04 ET

The selling price of Baiyu Chicken products is weak. Shandong Xiantan had a non-GAAP loss in the first half of the year. | Interpretations of the financial report.

①The sales price of chicken products decreased compared to the same period last year, and the company's revenue and net income declined significantly, with a loss in net income after deduction of non-recurring items. ②Pre-cooked food is an important focus for the company. In the first half of this year, the company achieved sales of approximately 1,221.40 kilograms of pre-cooked food, a year-on-year increase of 61.14%.

cls.cnAug 26 07:08 ET

Has the pig cycle reversed? "Top pig farmer" Muyuan Foods is expected to turn a profit in the first half of the year, with quarterly profits exceeding 3 billion!

Is it finally the turning point for the hog cycle as "Second Brother" rebounds and listed pig companies forecast a return to profit? On Wednesday evening, listed pig breeding enterprise Muyuan Foods announced its performance forecast for the first half of 2024. The announcement indicated that Muyuan Foods is expected to achieve a net profit attributable to shareholders of RMB 0.7-0.9 billion in the first half of 2024, reversing its losses from the same period last year. The basic earnings per share will be between RMB 0.13 and RMB 0.17, compared to a loss of RMB 0.52 per share during the same period last year. The company stated that the main reason for the return to profit in the first half of 2024 was the increase in the number of hogs sold and the average selling price of hogs, as well as the decrease in the cost of hog farming during the reporting period.

wallstreetcnJul 10 09:11 ET