Chunxue Food: Focus on developing overseas markets, with export volume expected to increase by 40% year-on-year in 2024 | Direct coverage of the earnings conference

①Domestic chicken product sales and prices are below expectations, Chunxue Food's performance is under pressure this year; ②Director Zheng Weixin stated that the company's focus is on developing overseas markets, with exports expected to reach around 0.025 million tons in 2024, an increase of about 40%.

cls.cnNov 6 06:47 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

Industry recovery and cost reduction efficiency improvement double blessings new hope liuhe debt ratio declined for two consecutive quarters | interpretations

①New Hope Liuhe achieved a net income of 0.153 billion yuan in the first three quarters, compared to a net loss of 3.858 billion yuan in the same period last year; ②The rebound of pork prices and cost reduction to increase efficiency are important factors in the company's performance improvement. The cost of fattening pigs in the company's mid-stream operation in October has dropped to 14.2 yuan/kg; ③The company's debt-to-asset ratio decreased to 70.85% as of the end of the third quarter, marking a continuous decline for two consecutive quarters.

cls.cnOct 30 09:40 ET

Yonghui Superstores' performance is under pressure in the first three quarters, planning to adjust and transform more than 40 stores before the Spring Festival. | Interpretations

① Yonghui Superstores achieved operating revenue of 54.549 billion yuan in the first three quarters, a year-on-year decrease of 12.14%; realized a net income attributable to the mother of -77.8657 million yuan, a decrease of 0.13 billion yuan from the same period last year. ② Yonghui Superstores revealed that by the Spring Festival, the number of renovated and relocated stores nationwide will reach approximately 40-50, adding multiple cities such as Shanghai, Lanzhou, Tianjin, Chongqing, Shenyang, and Shenzhen.

cls.cnOct 30 09:34 ET

The consumer industry has entered the era of consolidation and mergers! After Ye Guofu acquired Yonghui Superstores, Zhang Liaoyuan also made a move.

①Some investors have stated that from 2024 to 2030, China will usher in an era of consolidation and mergers in the consumer industry, with continued room for capitalization. ②The analysis report points out that in 2023, M&A transactions by enterprises were relatively active, with the proportion of M&A transactions in the Chinese consumer industry being the highest in nearly three years.

cls.cnOct 29 10:46 ET

The l single product strategy resulted in 'rising costs, declining income' for Qianwei Central Kitchen, the first negative growth in three years since going public. | Interpretations of financial reports

①Three years after its listing, Qianwei Yang Chu handed in its first financial report with negative growth, with the net income declining year-on-year in the first three quarters; ②In the first half of the year, in response to the rising operating pressure, Qianwei Yang Chu had increased the development and promotion efforts of strategic single products, but by the third quarter, the company's revenue declined instead of increasing, with expenses significantly increasing.

cls.cnOct 29 09:53 ET