Fortune Ng Fung Food has been repeatedly named in regulatory announcements for failing to disclose over 30 million yuan in related-party transactions in a timely manner | Express announcement.

①Due to various illegal operations such as failure to disclose related party transactions, hindering the exercise of independent director's duties, and transferring billions of funds without disclosure, Fortune Ng Fung Food was subject to administrative supervision by the Hebei Securities Regulatory Bureau at the end of October; ②Today, the company issued a rectification and review report, stating in relation to hindering the exercise of independent director's duties that there was a misunderstanding of relevant policies, failure to timely sign contracts with the review unit, leading to the failure to complete the review work on time.

cls.cnNov 29 08:12 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 08:36 ET

50 billion Honghu Fund's new move: buy shares of Inner Mongolia Yili Industrial Group and Shaanxi Coal Industry, targeting high-quality large cap blue chip stocks.

China Life Insurance and New China Life Insurance jointly initiated the establishment of the 50 billion Honghu Fund, which appeared in the top ten shareholders list of Inner Mongolia Yili Industrial Group and Shaanxi Coal Industry, with shareholding ratios of 1.88% and 0.72% respectively. In terms of investment, Honghu Fund prefers to invest in high-quality large market cap blue chip stocks, especially stocks with high dividend yields.

cls.cnOct 31 03:29 ET

The expansion pace of the stores has slowed down. zhejiang yiming food's number of stores decreased by 56 in the first three quarters. | interpretations

1. Zhejiang Yiming Food had 2,002 operating stores in Q3, compared to 2,058 at the beginning of the period, with stores mainly located in the East China region. 2. The number of direct-operated and franchised stores fluctuated. In Q3, the gross margin of direct-operated stores was 54.5%, while the gross margin of franchised stores was 21.14%. 3. The company's revenue increased by 5.39% year-on-year in the first three quarters, and net income increased by 4.13% year-on-year.

cls.cnOct 23 08:04 ET

Q3 net profit increased by more than 30 times year-on-year wens foodstuff group plans to distribute a large cash dividend of 0.995 billion yuan | interpretations

①Wens Foodstuff Group achieved a net income attributable to the parent company of 5.081 billion yuan in Q3, a year-on-year increase of 3097.03%; ②High pork prices, low costs, and increased sales volume drove the company's performance growth, with pork sales in the first three quarters increasing by 17.63% year-on-year and chicken sales increasing by 1.04% year-on-year; ③The company also announced a profit distribution plan on the same day, proposing to pay a generous cash dividend of 0.995 billion yuan.

cls.cnOct 22 10:48 ET

In the fourth quarter, the pig prices staged a "ultimate showdown" between bulls and bears, determining whether the pork industry will be "fat or lean" next year. | Industry Observations

1. The price of pork has been continuously falling for two months during the traditional strong period, with a decline of more than 20%; 2. Behind the decline is the increase in slaughter caused by the expansion of piglets and the concentrated slaughter in the second fattening, forming a downward momentum together; 3. If the pork price in the fourth quarter is not good during the peak season, the pig cycle may either rise directly or come to an end. If the pork price realizes an upward pig cycle, pig enterprises and the breeding industry are still expected to have a prosperous year in 2025.

cls.cnOct 22 06:40 ET