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.
50 billion Honghu Fund's new move: buy shares of Inner Mongolia Yili Industrial Group and Shaanxi Coal Industry, targeting high-quality large cap blue chip stocks.
China Life Insurance and New China Life Insurance jointly initiated the establishment of the 50 billion Honghu Fund, which appeared in the top ten shareholders list of Inner Mongolia Yili Industrial Group and Shaanxi Coal Industry, with shareholding ratios of 1.88% and 0.72% respectively. In terms of investment, Honghu Fund prefers to invest in high-quality large market cap blue chip stocks, especially stocks with high dividend yields.
Corn seed industry competition intensifies, yuan longping high-tech agriculture Q3 net loss expands by 40% year-on-year | Interpretations
①Yuan Longping High-Tech Agriculture achieved revenue of 0.299 billion yuan in Q3, a decrease of 60.27% year-on-year, with a net loss of 0.587 billion yuan, an increase of 40.49% year-on-year; ②Intensified competition in the corn seed industry is the main factor contributing to the company's revenue decline; ③As of the end of the third quarter, the company's contractual liabilities amounted to 3.87 billion yuan, an increase of 14.8% year-on-year.
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.
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.