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

Due to the slowdown in consumer demand, the revenue and non-GAAP net income of Inner Mongolia Yili Industrial Group have decreased by 9.53% and 12.81% respectively. | Finance Report News

Due to the oversupply of raw milk, the retail price of dairy products has declined, and at the same time, consumer demand has slowed down, resulting in a decline in the company's product sales volume. This has dragged down the year-on-year revenue of Inner Mongolia Yili Industrial Group by 9.53%, and the non-GAAP net income by 12.81%.

wallstreetcnAug 29 12:49 ET

Beijing Dabeinong Technology Group turned its losses into profits in Q2 of the pig cycle, and the dual tracks of breeding and pigs may become a support point for H2 performance.|Interpretation of financial statements

① With the upward impact of the pig cycle, Beijing Dabeinong Technology Group significantly reduced its losses in the first half of the year and turned losses into profits in the second quarter; ② Hindered by the overall downturn in the fodder industry, the company's fodder sales volume decreased by 8.92% year-on-year during the reporting period; ③ The pig market in the second half of the year is expected to remain at a high level, and the company's seed profits will also be reflected in the second half of the year. The dual-track development strategy will provide support for H2 performance.

cls.cnAug 22 10:32 ET

Bright Dairy & Food increased capital by 0.185 billion New Zealand dollars to continue to "underpin" the debt subsidiary. | Speed reading announcement

① Subsidiary New Latte plans to issue 0.308 billion shares to Bright Dairy & Food Holding Ltd at a price of 0.6 New Zealand dollars/share for a total financing of 0.185 billion New Zealand dollars. ② New Latte is doing this to repay its due debt. ③ Two months ago, Bright Dairy & Food provided a RMB loan of 0.561 billion to New Latte for the same purpose.

cls.cnAug 20 08:46 ET

Market recovery is slow and costs are rising, and Miakelanduo's net profit dropped by more than 90% in the second quarter丨Financial News

In the first half of this year, Miaokeranduo's operating income was 2,066 billion yuan, down 20.35% from the previous year; net profit from the previous year was 285.67 million yuan, a sharp drop of 78.36% from the previous year; net profit after deducting non-return net profit was 2,7572 million yuan, a sharp drop of 97.62% from the previous year. The company believes that factors such as slow recovery in the consumer market, rising costs, and exchange rate fluctuations were the main factors contributing to the company's poor performance in the second quarter and first half of the year.

wallstreetcnAug 28, 2023 14:22 ET

Financial Report 2023 | Tying Mengniu to “Gains and Losses”: Cotuo Biotech's battle to get rid of dependency is in full swing

It's nice to cool off by leaning on a big tree, but there's no free lunch in the sky. On August 1, the semi-annual report released by Cotuo Biotech (300858SZ) showed that revenue and net profit for the first half of 2023 were 140 million yuan and 040 million yuan respectively, down 10.79% and 10.01% year-on-year respectively. One of the main reasons is the decline in revenue from compound food additives, which has impacted the performance of Cotto Biotech. In the first half of 2023, the main use of compound food additives generated revenue of 42 million yuan, a year-on-year decrease of 48.39%, accounting for 30% of revenue. “Compound food additives are passed down by the company

Wallstreet NewsAug 2, 2023 22:59 ET