The "Hot Cute Pets" initiative reactivates shelved projects, and Yantai China Pet Foods re-evaluates and continues the implementation of the annual 0.06 million tons pet food project | Quick read announcement.

① Yantai China Pet Foods announced that it has re-evaluated the "annual production of 0.06 million tons of high-quality pet dry food project" and will continue to implement it; ② The Pet Economy is booming, with the urban canine and feline consumer market scale in China soaring by 7.5% in 2024, breaking 300 billion yuan; ③ Yantai China Pet Foods achieved a Net income of 0.282 billion yuan in the first three quarters of 2024, a year-on-year increase of 59.54%.

cls.cnDec 30, 2024 08:46 ET

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.

cls.cnNov 4, 2024 08:36 ET

Pet food is selling well, and Petpal Pet Nutrition Technology's net profit in the first three quarters has increased by more than 6 times. | Financial report interpretation

petpal pet nutrition technology's net income in the first three quarters was 0.155 billion yuan, a year-on-year increase of 630.85%; ② The company's gross margin in the first three quarters was 28.01%, an increase of 11.19 percentage points compared to the same period last year.

cls.cnOct 22, 2024 08:01 ET

Yantai China Pet Foods: Investment income increased in Q3 performance, while both selling expenses and gross margin decreased compared to the previous quarter. | Interpretations

1. yantai china pet foods Q3 performance increased significantly year-on-year, but the profit growth mainly came from investment income and government subsidies; 2. In Q3 of 2024, the company's sales expenses and gross margin both declined compared to the previous quarter, causing concerns among some investors.

cls.cnOct 21, 2024 10:05 ET

Net income increased by more than 60% year-on-year, Guangdong Haid Group plans to use no more than 10 billion yuan for financial management | Interpretations

①With the improvement in the live pig market and the low commodity raw material prices, guangdong haid group's net income in the first three quarters increased by more than 60% year-on-year; ②The company announced on the same day that it plans to use idle self-owned funds with a maximum balance not exceeding 10 billion yuan for entrusted wealth management.

cls.cnOct 18, 2024 08:12 ET

Higher pork prices have enabled listed pig enterprises to enter a "profit-making mode", with Beijing Dabeinong Technology Group's Q3 achieving the peak of annual profits.|interpretations

①Supported by the rise in pork prices, Beijing Dabeinong Technology Group expects to achieve a net income of 2.8 billion-3.2 billion yuan in Q3, a year-on-year growth of 308.4%-338.17%; ②Some industry insiders believe that the breeding sector may continue to maintain reasonable profitability in Q4, and Beijing Dabeinong Technology Group may benefit from the dual-track performance support of the hog and seed sectors.

cls.cnOct 14, 2024 09:18 ET