002714 Muyuan Foods
- 43.50
- -0.12-0.28%
Muyuan Foods News
Makihara Co., Ltd. (002714) Quarterly Report Review: Stable cost levels and performance in line with expectations
The company announced its 2024 quarterly report. In the first quarter of 2024, the company achieved operating income of 26.27 billion yuan, an increase of 8.57%; net profit to mother was 2.38 billion yuan, a year-on-year decrease of 98.56%; deducted from non-return to mother-
Makihara Co., Ltd. (002714): Low pig prices led to a year-on-year increase in Q1 losses, and concerns about cost reduction progressed
The average loss in Q1 deepened year-on-year, maintaining a “buy” rating, Muyuan Co., Ltd. published its 2023 annual report and 2024 quarterly report. Achieved revenue of 110.9 billion yuan in 2023 (yoy -11%), net profit to mother of -42.6 billion yuan
China Galaxy Securities: 24Q2 pig prices or trends are improving, focus on breeding industry chain opportunities
Taking into account the length of losses in the industry, the extent of elimination of breeding sows, and the current situation of the spread of the winter epidemic, the historical low valuation of the industry is taken into account, and the focus is on high-quality pig companies with leading cost control and good financial resources.
Makiyuan Co., Ltd. (002714): Sluggish pig prices are under pressure, Q1 performance is under pressure, and the optimization of breeding performance drives down costs
Investment Highlights: Event: Company Announces 2023 Annual Report and First Quarter 2024 Report. In 2023, the company achieved operating income of 110.861 billion yuan, -11.19% year-on-year; achieved ownership of shareholders of listed companies
Muyuan Co., Ltd. (002714): Repairing epidemic disturbances and increasing slaughter production capacity
Incident: On April 27, the company released its 2023 annual report and 2024 quarterly report. In 2023, the company achieved operating income of 110.86 billion yuan, -11.2% year-on-year; realized net profit to mother of -42.6
Makihara Co., Ltd. (002714): Cost-leading strategy continues to strengthen the balance sheet and is expected to recover quickly
The 2023 results are within the scope of the performance forecast. The 2023 and 1Q24 results are in line with our expectations Makihara's announced results: revenue in '23 -11.2% YoY to $110.86 billion, profit -132.1 YoY
Research Report Nuggets丨Guangfa Securities: The high-quality development of Muyuan Co., Ltd. continues to advance, and low pig prices drag down 24Q1 performance
Gelonghui, April 28 | Guangfa Securities Research Report pointed out that low pig prices dragged down 24Q1 performance. Muyuan Co., Ltd. (002714.SZ) basically met market expectations, and high-quality development continued to advance. Net profit attributable to mother for the first quarter was 2.379 billion yuan (yoy -98.6%); net profit after deduction was -2387 billion yuan (yoy -90.6%). As of 24Q1, the company's balance ratio was 63.59%, up 1.48 percentage points from month to month. It is estimated that the average loss in 24Q1 was about 150-170 yuan/head. Costs rose due to frequent swine diseases in winter, and the company continued to reduce costs and increase
China Galaxy released a research report on April 28 stating that it gave Muyuan Co., Ltd. (002714.SZ) a recommended rating. The main reasons for the rating include: 1) Affected by the sluggish pig breeding market, the company's performance in 2023 is unde
China Galaxy released a research report on April 28 stating that it gave Muyuan Co., Ltd. (002714.SZ) a recommended rating. The main reasons for the rating include: 1) Affected by the sluggish pig breeding market, the company's performance in 2023 is under pressure; 2) the total cost of the company's pigs in 2023 is about 15 yuan/kg, and the production capacity utilization rate is expected to be 66.00-72 million heads; 3) the company's pork products in 2023 were +86% compared to the same period last year, and the capacity utilization rate increased by 21 pcts. (Mainichi Keizai Shimbun)
Makiyuan Co., Ltd. (002714): 24Q1 performance is in line with expectations, high-quality development continues to advance
Core view: Low pig prices dragged down 24Q1 performance, which is basically in line with market expectations. The company released an annual report for '23 and a quarterly report for '24, and achieved revenue of 110.861 billion yuan (yoy -11.2%) in '23;
Makiyuan Co., Ltd. (002714): Q1 results released under temporary pressure, steady expansion, stable cost advantage
Incident: The company's 2023 revenue -11.19%, loss of 4.263 billion yuan; 2024Q1 revenue +8.57%, loss of 2,379 million yuan. The company achieved operating income of 1108.61 in 2023
Express News | Muyuan Co., Ltd.: The company's annual cost target for 2024 is 14.5 yuan/kg
Makihara Co., Ltd. (002714): Low pig prices affect performance and is expected to release 66,0072 million heads in 24
Event: The company released its 2023 Annual Report & 2024 First Quarter Report. The company's revenue in '23 was 110.861 billion yuan, -11.19% year on year; net profit to mother was -4263 billion yuan, which changed from profit to loss year-on-year
Q1: Continued losses broke the game? Muyuan Co., Ltd.: The full cost was reduced to 15.1 yuan/kg in March | Financial Report Interpretation
① Affected by sluggish pig prices, Muyuan Co., Ltd. had a net loss of 2,379 billion yuan in 2024Q1; ② The company made further progress in reducing costs and increasing efficiency, and the full cost was reduced to 15.1 yuan/kg in March; ③ The company expects to release 66 million to 72 million pigs in 2024.
Express News | Muyuan Co., Ltd.: Pig sales increased 15.6% year-on-year in the first quarter, and the average full cost of breeding in 2023 fell to 15 yuan/kg
Express News | Makiyuan Co., Ltd.: Net loss of 4.263 billion yuan in 2023
Makihara Co., Ltd. (002714): Steady increase in production capacity and continuous improvement in business conditions
On April 26, 2024, the company disclosed the 2023 annual report and the 2024 quarterly report. In 23, it achieved revenue of 110.861 billion yuan, -11.19% year-on-year; realized net profit of 4.263 billion yuan
Express News | Huatai Securities: Pig prices are expected to rise steadily from May
Huatai Securities: The off-season will take full advantage. What should we pay attention to when investing in pig stocks?
Huatai Securities released a research report saying that pig prices have fluctuated and declined since April, but the pullback has not been significant. The off-season is over, pig prices are expected to rise steadily from May, 24Q2 pig prices may improve year on month, and drive pork's contribution to CPI to the right.
The rise in the farming sector expanded. Dongrui shares closed down strongly, Lihua shares surged 11%, Xinwufeng and Superstar Agriculture and Animal Husbandry rose more than 5%, and Muyuan Shares and Wen's shares rose more than 4%.
The rise in the farming sector expanded. Dongrui shares closed down strongly, Lihua shares surged 11%, Xinwufeng and Superstar Agriculture and Animal Husbandry rose more than 5%, and Muyuan Shares and Wen's shares rose more than 4%.
Pork stocks fluctuated stronger in early trading. Lihua shares rose more than 6%, Xinwufeng and Huatong shares rose more than 3%, and superstar agriculture, animal husbandry, and Muyuan shares followed suit.
Pork stocks fluctuated stronger in early trading. Lihua shares rose more than 6%, Xinwufeng and Huatong shares rose more than 3%, and superstar agriculture, animal husbandry, and Muyuan shares followed suit.
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