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 recovery of pork prices has driven a significant increase in the performance of the "Noodle King." Chen Ke Ming Food Manufacturing expects to turn profits in 2024 with net income returning to the positive | Interpretations
① Chen Ke Ming Food Manufacturing expects to achieve a Net income of 0.12 billion yuan to 0.18 billion yuan in 2024, turning losses into profits year-on-year; ② In 2024, the price of live pigs is expected to rebound, and Chen Ke Ming Food Manufacturing is likely to return to profitability. However, due to capacity constraints, the revenue from the live pig Sector may have difficulty keeping pace with the soaring pig prices.
The restructuring revenue contributes to performance, and *ST Aonong is expected to turn a profit in 2024, with Assets likely turning positive | Interpretations
1. *ST Aonong expects to turn a profit in 2024, but will still be in a loss position after deducting non-recurring profit and loss; 2. The main reason for turning a profit is the reorganization income of 2.4 billion to -2.8 billion yuan; 3. The net assets in 2024 are expected to turn positive, and *ST Aonong may continue to eliminate the risk of financial (Delisted).