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Shenzhen Kingsino Technology (002548): Fodder business reduces costs and increases output, Q3 profits significantly improve.
On October 22, 2024, Shenzhen Kingsino Technology released its third quarter report. Investment highlights include cost reduction and increment in the fodder business, with a significant increase in profit in Q3. Shenzhen Kingsino achieved revenue of 3.437 billion yuan in the first three quarters of 2024, year-on-year.
Jin Xinnong: October 2024 Pig Sales Briefing
Express News | shenzhen kingsino technology: In October 2024, the income from live pigs was 0.134 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.
Pork prices rise while costs decrease, leading to growth in the third-quarter performance of many breeding companies.
Gelonghui October 24th | Data shows that as of October 23rd, Wens Foodstuff Group, Shenzhen Kingsino Technology, and Beijing Dabeinong Technology Group, three hog farming companies, have been the first to disclose their third quarter reports for 2024, all delivering excellent results. Zhang Wenping, a hog farming analyst at the Shanghai Ganglian E-commerce Holdings Agricultural Products Division, stated that the performance improvement of hog farming companies is mainly due to the rise in pork prices in the third quarter combined with cost reduction. At the same time, leading companies have relatively sound cost control, and the decline in fodder costs plays an important role in the growth of enterprise profits. It is expected that with the initiation of some areas conducting cured meat activities in the fourth quarter, consumption will increase, driving up demand, and pork prices will continue to be maintained.
Shenzhen Kingsino Technology (002548.SZ): The latest breeding cost of the company is 14.2 yuan/Kg.
Gelonghui October 22 丨 Shenzhen Kingsino Technology (002548.SZ) stated on the investor interaction platform that the company's latest breeding cost is 14.2 yuan/kg.
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