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Dongrui Food's Pig Sales Surge in October
Dongrui Co., Ltd.: October 2024 Pig Sales Briefing
Express News | Dongrui Corporation: hog sales revenue in October was 0.13 billion yuan
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.
Dongrui Corporation (001201.SZ): Did not repurchase in October.
Gelonghui November 4th | Dongrui Shares (001201.SZ) announced that in October 2024, the company did not repurchase any shares. As of October 31, 2024, the company repurchased a total of 2,860,000 shares through the stock repurchase special securities account in a centralized auction trading manner, accounting for 1.11% of the company's current total share capital; the highest fill price for the repurchase was ¥19.12 per share, and the lowest fill price was ¥14.69 per share, with a total transaction amount of RMB 48.4018 million (excluding transaction fees).
Dongrui Stock (001201.SZ): The currently operational production capacity is expected to achieve full production in the second half of next year.
Gelonghui November 1st, Dongrui Stock (001201.SZ) stated on the investor interaction platform that the current production capacity that the company has put into operation is expected to achieve full capacity production in the second half of next year. The company expects that after all completed production capacity reaches full production and full sales, the total cost can reach the average level of the industry.
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