002714 Muyuan Foods
- 40.50
- -0.49-1.20%
Muyuan Foods News
CICC: In October, pig prices continued to decline, while the number of animals slaughtered continued to increase slowly.
From October to mid-November, the pig price continues to decline, but the decline is slow and resilient, mainly due to the small increase in supply and the low acceptance of low prices by the breeding side.
Express News | Muyuan Foods: The company and its holding subsidiaries plan to conduct financial derivative trade activities not exceeding 3 billion yuan.
Huafu Securities: Pig prices are expected to rebound in the peak season at the end of the year, and the high profits in Q4 are expected to continue.
The volume of shipments in October showed a significant increase compared to the previous month and year.
Muyuan Foods (002714.SZ): Terminates the joint venture with Muyuan Industrial Group to establish a financial company.
Muyuan Foods (002714.SZ) announced on November 26th that at the 31st meeting of the fourth board of directors held on November 26, 2024, the proposal to terminate the establishment of a financial company jointly with Muyuan Industrial Group Co., Ltd. was approved by a vote of 3 in favor, 0 against, and 0 abstentions. The decision to terminate the establishment of a financial company jointly with Muyuan Group was made after full communication and careful analysis by all relevant parties. Currently, all the company's production and operation activities are proceeding normally. The above-mentioned matters have not been specifically implemented, no actual investment has been made, and will not affect the company's finances.
muyuan foods (002714.SZ): intends to change the use of part of the funds raised.
On November 26, Gelonghui reported that Muyuan Foods (002714.SZ) announced that as of November 22, 2024, the remaining raised funds for the following hog farming construction projects were a total of 564.0815 million yuan (including its interest income): 0.18 million hogs in the Youjiang project, 0.15 million hogs in the Hongtong project, 0.145 million hogs in the Zhecheng project, 0.2 million hogs in the Haizhou project, 0.1 million hogs in the Lean project, 0.36 million hogs in the Kangping project, and 0.2 million hogs in the Hongze project. The unused balance of the company's issuance costs and interest income is 1,
Muyuan Foods (002714.SZ): As of the end of 2023, the company has constructed rooftop distributed photovoltaic power generation facilities at 41 breeding farms, with a cumulative installed capacity of 207.9 MW.
On November 25, Gelonghui reported that muyuan foods (002714.SZ) stated on an investor interaction platform that the company fully utilizes its large number of pig houses and factory rooftops in hog farming and animal slaughter business to build distributed photovoltaic power generation facilities, meeting the self-needs of each farm (factory) and feeding excess electricity into the grid, reducing electricity costs during breeding and slaughter processes, lowering production costs, and enhancing the company's operation performance. At the same time, it is conducting the development and utilization of green energy, optimizing the energy structure, achieving low-carbon production and sustainable development. As of the end of 2023, the company has built rooftop distributed photovoltaic power generation facilities in 41 farms, accumulating an installed capacity of 20.
Express News | Dongxing Securities: The scale of profits of breeding enterprises for the whole year may be considerable.
Research report mining丨CICC: muyuan foods cost optimization and capacity expansion, maintaining "outperform the industry" rating.
Gelonghui on November 20th | china international capital corporation research reports pointed out that muyuan foods (002714.SZ) leads in production indicators, repairs its balance sheet quickly, and has sufficient capacity expansion momentum, expected to continue leading a new paradigm. The cost advantage continues to strengthen, with the target of 13 yuan/kg for full cost achievable. Capacity reserves are abundant and still steadily expanding, with the expected annual output to grow by over 10% in 2025. It is believed that as muyuan transitions from high-speed development to high-quality development stage, the peak period of depreciation is over, bringing about the release of apparent profit elasticity, potential improvement in free cash flow from capital expenditure convergence, and the potential for increased discounted value and dividends.
muyuan foods (002714): Cost optimization, capacity expansion, leading excess growth momentum strengthening
In recent company news, we invited the management of muyuan foods to attend the 2024 CICC Annual Strategy Conference, where the company communicated with the market on issues related to operation status, growth global strategy, and fund utilization. We believe that the company’s production indicators are leading, and its assets and liabilities.
huaan: It is expected that the enthusiasm for stocking will continue to be weak in Q4 of 2024, while pig prices in 2025 will receive strong support.
At the end of Q3, the average debt-to-asset ratio of listed pig companies remained high at 61.5%, and winter is a peak period for outbreaks in the northern regions. As of now, pig prices are also lower than in Q3, and it is expected that the enthusiasm for restocking in Q4 will be weaker than in Q3, with enthusiasm for restocking continuing to be sluggish.
Pork prices have fallen for three consecutive months. Has the economic cycle failed?
Recently, pork prices have shown a continuous downward trend, and the industry’s prosperity cycle not only failed to continue but is also showing signs of gradual collapse. The Wind Pork Industry Index has significantly underperformed the market.
Central China Securities: Weak operation of pork prices, 'Singles' Day' pet data continues to grow
Central China Securities released research reports stating that the forward industry pe and pb are both lower than the historical valuation center, at relatively low levels, and are expected to see a valuation rebound in the future, maintaining an investment rating of "stronger than the market" for the industry.
China Post Securities: Recently, pork prices have continued to decline slightly, while the growth of production capacity in breeding enterprises has slowed down.
Postal Securities released a research report stating that the current prices in many places have fallen below 17 yuan/kg, and with temperatures gradually decreasing, it is expected that the downward space will be limited in the future.
Guolian Securities: The prosperity of hog farming is increasing, and the prosperity of pet and fodder companies is on the rise.
In Q3 2024, the revenue of the pig sector increased both year-on-year and quarter-on-quarter. In the third quarter of 2024, the 15 listed pig companies achieved a revenue of 126.516 billion yuan, a year-on-year increase of 3.20%, and a quarter-on-quarter increase of 18.01%.
Shenwan Hongyuan: Focus on the theme of food security, focusing on the planting industry, hog farming, and pet food across multiple sectors.
According to statistics from the 37 listed companies tracked by Shenwan Agriculture, Forestry, Animal Husbandry and Fisheries, the total net income attributable to the mother in Q3 2024 reached 18.4 billion yuan, a year-on-year increase of 358%, with hog farming and pet food performance growth ranking at the top.
Express News | Muyuan Foods: The current breeding pig system can support higher production performance at the farming end.
Express News | Muyuan Foods: In October, the company's hog farming total production cost decreased month-on-month, and some production indicators also improved.
Muyuan Foods Grows Pig Sales Revenue in October
Express News | Galaxy Securities: The current round of farming profits is expected to exceed market expectations, suggesting an active layout of the hog farming sector.
Makihara Co., Ltd.: Pig Sales Briefing for October 2024
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