Forage
- 958.261
- +20.809+2.22%
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.
Pet food is selling well, and Petpal Pet Nutrition Technology's net profit in the first three quarters has increased by more than 6 times. | Financial report interpretation
petpal pet nutrition technology's net income in the first three quarters was 0.155 billion yuan, a year-on-year increase of 630.85%; ② The company's gross margin in the first three quarters was 28.01%, an increase of 11.19 percentage points compared to the same period last year.
Yantai China Pet Foods: Investment income increased in Q3 performance, while both selling expenses and gross margin decreased compared to the previous quarter. | Interpretations
1. yantai china pet foods Q3 performance increased significantly year-on-year, but the profit growth mainly came from investment income and government subsidies; 2. In Q3 of 2024, the company's sales expenses and gross margin both declined compared to the previous quarter, causing concerns among some investors.
Net income increased by more than 60% year-on-year, Guangdong Haid Group plans to use no more than 10 billion yuan for financial management | Interpretations
①With the improvement in the live pig market and the low commodity raw material prices, guangdong haid group's net income in the first three quarters increased by more than 60% year-on-year; ②The company announced on the same day that it plans to use idle self-owned funds with a maximum balance not exceeding 10 billion yuan for entrusted wealth management.
Pork prices rise, listed pig companies enter "profit-making mode", beijing dabeinong technology group Q3 enters the peak of annual profit | interpretations
①Supported by the rise in pork prices, Beijing Dabeinong Technology Group expects to achieve a net income of 2.8 billion-3.2 billion yuan in Q3, with a year-on-year growth of 308.4%-338.17%; ②Some industry insiders believe that the breeding sector may continue to maintain reasonable profitability in Q4, and Beijing Dabeinong Technology Group may benefit from the dual tracks of pig production and seed industry performance support.
Bullish news from 0.05 million shareholders? State-owned assets taking action, *ST proud farmer's expected restructuring makes significant progress | Speed-read announcement.
① Quanzhou Development Group Co., Ltd., Hubei Grain Co., Ltd., and China Foreign Economy and Trade Trust Co., Ltd. were selected as investors in the restructuring of *ST AoNong; ② The controlling shareholders of the investor consortium are all state-owned capital; ③ As of September 10th, *ST AoNong has a total overdue debt of approximately 4.979 billion yuan in banks, financial leasing companies and other financial institutions.
Strong demand coupled with the decline in raw material costs led to a nearly 50% year-on-year increase in net profit for Guibao Pet in H1. | Interpretations
① The demand in domestic and international markets is improving, coupled with the decrease in the cost of main raw materials, the profitability of Guibao Pets continues to increase. In the first half of this year, the company's net income increased by nearly 50% compared to the same period last year; ② The company's gross margin increased by 7.88 percentage points compared to the same period last year, with the gross margin of main pet food products increasing by 12.78 percentage points year-on-year.
Beijing Dabeinong Technology Group reversed its loss to profit in Q2 as the pig cycle rose. The dual tracks of seed and pig may become the performance support point in H2. Interpretation of financial report.
①The upturn of the pig cycle has greatly reduced the losses of Beijing Dabeinong Technology Group in the first half of the year, and turned losses into profits in Q2 single quarter. ②Affected by the overall downturn of the fodder industry, the company's fodder sales volume decreased by 8.92% year-on-year during the reporting period. ③The pig market is expected to remain high in the second half of the year, and the company's seed profits will also be reflected in the second half of the year. The dual-track strategy will bring support to the performance of H2.
Practitioners call it a 'depressed' time! Profitability has been divided for fodder companies. Will demand improve in the second half of the year? |Industry observations
In the first half of this year, the overall demand for fodder was sluggish, and the competition in the industry intensified. The market share of leading fodder enterprises has shown a counter-trend increase. The prices of raw materials continued to fall, and the profitability of enterprises has differentiated. Some industry insiders believe that the situation of sluggish demand for fodder in the second half of the year will be somewhat improved.
Fodder gross margin increases combined with the upturn of the pig cycle. Guangdong Haid Group's net profit in the first half of the year increased by more than 90% | Express Announcement.
Supported by the increase in the gross margin of fodder and the profitability of hog farming, Guangdong Haid Group's net income in the first half of the year increased by more than 90% year-on-year. The company's fodder sales volume increased by approximately 8.5% year-on-year during the reporting period, with significant growth in overseas markets, increasing by more than 30% year-on-year.
Pig cycle reversal expectations strengthen institutions say the sector has entered a layout period
① The National Bureau of Statistics released data on May 14. The current price of pigs (plus three yuan) was 15.0 yuan/kg, up 0.7% from the previous month. ② The CICC research report points out that expectations for a reversal of the pig cycle have strengthened, the sector has entered a layout period, and low-cost, highly flexible pig companies will benefit first.
Huge loss of 3.6 billion dollars and insolvent: *ST Aonong! Where does Aonong Biotech in the “ICU” go in the future? |Financial Report Interpretation
① Aonong Biotech recorded a loss of 3.651 billion yuan last year. This is also the third year in a row that the company is currently insolvent. By the end of last year, the company's balance ratio was 103.69%, and inventory and productive biological assets were drastically reduced ③ The company's stock trading will be subject to a risk warning. After implementation, A-shares will be abbreviated as “*ST Aonong”. ②
Decline in raw materials combined with strong demand for products, China Pet Co., Ltd.'s net profit doubled in 2023
① Domestic and foreign market demand is good. Combined raw materials are at a low level. The net profit of China Chong Co., Ltd. doubled in 2023, and net profit growth accelerated further in the first quarter of 2024; ② In 2023, the gross margin of China Chong Co., Ltd. was 27.03%, up 6.77 percentage points from the previous year.
When will Nongbio unlock the “card of life and death” after being cut to the bottom in a few days?
① Before the Spring Festival, Aonong Biotech's “six consecutive declines” recently had another “five days and three boards”, and the stock price of Aonong Biotech, which is at the “crossroads” of fate, has fluctuated drastically; ② Whether it will become the next Zhengbang to be saved or the next young eagle is sadly delisted, it is still difficult to predict how Aonong Biotech's path of restructuring will follow; ③ Currently, Aonong Biotech's pig storage is still not on the scale of two months.
The aquaculture business “lagged behind” and performance declined, and Haida Group is “quite confident” about this year's profit per ton of feed
① Driven by losses in the aquaculture business, Haida Group's revenue rose in 2023 and net profit declined; ② The company sold about 24.4 million tons of feed during the reporting period, an increase of about 13% over the previous year; ③ Looking ahead to 2024, the company is quite confident about the annual profit per ton of feed.
Insolvent! Pig farming has become a “profit black hole”, Aonong Biotech may trigger *ST warning
① Following ST Zhengbang (002157.SZ), Aonong Biotech may become the second listed pig company facing *ST risk. Today, Aonong Biotech predicts that the company's net assets may be negative in 2023; ② Due to losses in the pig farming business, Aonong Biotech lost for three consecutive years, and the company is expected to lose 30-3.6 billion yuan in 2023.
Dabeinong performs “I ate and vomit” and Aonong Biotech went from a “sweet marriage” to a “peaceful break up”
① Due to major changes such as equity freezes in Aonong Biotech's controlling shareholder Aonong, the equity cooperation between Dabinong Biotech and Aonong Biotech was terminated; ② Since December, Aonong Biotech has issued announcements relating to the controlling shareholder's share pledge on three days. The controlling shareholder's pledge ratio has continued to rise. Currently, the pledge ratio is close to 98%;
The “1 yuan sale” subsidiary's equity was questioned, and Aonong Biotech responded: they are all leased, empty, negative asset pig farms
① In response to the fact that the pig farms used in some of the shares of the company's subsidiaries that the company plans to sell for 8 yuan are leased and are empty or planned to be empty; ② Cyclic stocks often harbor higher financial risks in rapid expansion. Previously, the growth rate Wang Aonong Biotech was facing more serious financial and operational difficulties; ③ As of the company's three-quarter report, Aonong Biotech has recorded losses for three consecutive years, and a series of asset disposal actions may mean self-insurance.
The debt ratio is as high as 89%, Wu Youlin, the actual controller of Aonong Biotech, wants to sell big assets to “ask” the old owner Dabeinong to take over?
① Dabeinong plans to obtain no less than 51% of Aonong's investment through capital increases and stock expansion, and Aonong Biotech's actual controller may change; ② Aonong Biotech's balance ratio is as high as 89.41%, of which short-term loans are about 4.51 billion yuan, and total current liabilities are about 11.55 billion yuan, while the monetary capital on the account is only less than 300 million yuan.
Has Dabeinong's acquisition of Jiuding Technology come to an end? In the second trial, the Hunan High Court upheld the original judgment again
① The second trial of Dabeinong's acquisition of Jiuding Technology ushered in a judgment. The Hunan High Court rejected the appeal and upheld the original judgment ② In the third quarter report, Dabeinong has initiated plans for the acquisition of shares in Jiuding Technology and Zhengbang Technology