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. The cost of 90% of the listed pig companies has dropped to the range of 14 yuan per kilogram, including five companies such as Sunlon, Muyuan Foods, and Wens Foodstuff Group, which have dropped to the range of 13 yuan per kilogram; 2. Several listed pig companies 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 a moat for the long-term development of pig companies, helping companies expand their profit margins and enhance their risk resistance capabilities.
Brokerage performance in the third quarter is impressive, with 17 companies showing year-on-year positive growth, looking forward to further boost in the fourth quarter.
The arithmetic average of the quarter-on-quarter increase in net profit attributable to the mother of 18 listed brokerages or listed entities in the third quarter was 85%; asset management and proprietary trading are the "mainstays", with average net income growth of 9.32% and 33.84% respectively year-on-year. On October 30th, according to Caixin, the veil of performance of the top three quarters of brokerage firms is being lifted. On October 29th, 9 brokerage firms disclosed their third quarter reports. There are already 18 listed brokerage firms or listed entities that have disclosed their third quarter reports. The arithmetic average of the year-on-year growth rate of net profit attributable to the mother in the first three quarters of the 18 brokerages is 46.17%, with 11 showing positive growth and 7 showing negative growth. The brokerage performance mainly reversed in the third quarter.
Rising pork prices and declining costs lead to more than 6-fold increase in performance at Muyuan Foods. Qin Jun, the company's secretary, says: there's no need to be overly pessimistic about next year's first half pork prices.|interpretations
1. Muyuan Foods announced its third quarter report, with net income in the first three quarters increasing more than 6 times year-on-year, achieving a profit of billions in the third quarter; 2. In addition to the improvement in the industry's business environment, the profit behind Muyuan Foods is further reduction in breeding costs; 3. Secretary to the Board Qin Jun believes that there is no need to be overly pessimistic about hog prices in the first half of 2025, and the company will use profits to further repair the balance sheet.
Hog sales volume and price rise together! Muyuan Foods' Q3 net income increased by 9.3 times year-on-year, planning a large dividend of 4.5 billion yuan | Financial report news
In the first three quarters, muyuan foods' operating profit was 12.11 billion yuan, a turnaround from a 14.23 billion yuan loss in the same period last year, mainly due to the increase in both sales volume and price of hogs: from January to September, muyuan foods sold a total of 50.144 million hogs, a year-on-year increase of 6.7%, with the average selling price in September at 18.65 yuan/kg, a 17.9% increase compared to last year.
Net profit increases more than 10 times year-on-year! 75 billion electric vehicle leader discloses third-quarter report | Highlights of after-hours announcement
Shenzhen Zqgame: The actual controller Li Ruijie has been filed by the China Securities Regulatory Commission for suspected illegal disclosure of information.
Foreign public fund latest hold positions exposure! Fund managers are bullish on china's stock market valuation repair.
With the disclosure of the third quarter report, public funds under international asset management giants such as BlackRock and Fidelity have all their holdings exposed.