Private real estate companies' bond financing broke through, with bond issuance in January increasing by 8.2 percentage points compared to the previous month.
According to data released today by the China Index Academy, a total of four private and mixed-ownership real estate companies completed the issuance of credit bonds in January, namely Greentown, Hangzhou Binjiang Real Estate Group, MIDEA REAL EST, and New Hope Liuhe, with a total issuance amount of 3.9 billion yuan; Additionally, according to monitoring data from E-Han Think Tank, in January of this year, the bond issuance scale of private real estate companies accounted for 8.2% of the total issuance, an increase of 8.2 percentage points month-on-month.
The "cost battle" continues! Pork supply is expected to increase. Will pig enterprises still be able to "earn easily" this year?
① In January, many listed pig companies recorded year-on-year growth in sales revenue, with significant sales revenue increases for Tangrenshen Group and Zhengbang Technology; ② In January, pig prices dropped again, although they increased compared to the same period last year, the overall trend in the past six months has been a downward fluctuation; ③ As hog supply gradually increases, the profitability of pig companies in 2025 may be weaker than in 2024.
Hunan Xiang Jia husbandry's output last year was below target, cost reduction efforts are expected to turn profits into losses | Interpretations
① Hunan Xiang Jia husbandry sold approximately 45.28 million live poultry last year, which was basically stable compared to the previous year, with a slight decrease in the slaughter growth rate; ② Thanks to the drop in Fodder costs last year, the company expects to turn losses into profits in 2024.
New Hope Liuhe expects to turn its non-recurring net profit from loss to gain. Liu Chang stated that 2025 is still in the "protracted battle" phase | Interpretations
① New Hope Liuhe expects a year-on-year increase in net income attributable to the parent company of 80.58%-120.71% in 2024, and the non-recurring net income will turn from a loss to a profit; ② The company's Chairman, Liu Chang, stated that although New Hope Liuhe has turned the situation around in 2024, it is still in a "protracted battle" phase.
The "flying" pigs! Wens Foodstuff Group expects its revenue to surpass 100 billion yuan for the first time in 2024, with profits nearing 10 billion yuan | Quick announcement.
① Wens Foodstuff Group expects to achieve revenue exceeding 100 billion yuan and a net income of 9 billion-9.5 billion yuan in 2024; ② Analysts believe that the company's performance meets expectations but does not exceed them, which is considered normal; ③ In contrast to the impressive performance, Wens Foodstuff Group's stock price has dropped a cumulative 16.66% throughout the year 2024.
Pickling and curing have failed to reverse the decline: pig prices are not strong during the peak season. Will listed pig companies face a "test"?
Under the background of ample supply, the impact of processed meat on boosting pork prices is limited, as the average profit per pig in December has already shrunk by over a hundred yuan; industry insiders expect that next year's pork prices may be weaker than this year's, and related listed pig companies with lower costs are still guaranteed to make a profit, but companies with high costs may face certain risks of loss.