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002840 Zhejiang Huatong Meat Products
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About Zhejiang Huatong Meat Products Company
The company is a company limited by Zhejiang Yiwu Huatong Meat Products Co., Ltd., which was established in August 2001 and restructured as a limited company in November 2011. The company has a registered capital of 277.40.05 million yuan. The company is located in Gutang Industrial Zone, Yiting Town, Yiwu City. The department has always insisted on taking the livestock and poultry slaughter business as the core, and has made every effort to build an integrated industrial chain business model. Currently, the company has formed four major business links: “feed processing - livestock and poultry breeding - livestock and poultry slaughter and processing - deep processing of meat products”. The company's main business covers three major sectors: pig breeding, pig slaughter, and deep processing of meat products. In addition, it also has businesses such as feed processing, poultry farming, and slaughter. Main products: Fresh meat (fresh pork, fresh poultry), pigs (breeding pigs, piglets, and commercial pigs), meat products (ham, marinated sauce products, etc.), feed products, etc. Corporate honors: National Key Leading Enterprise in Agricultural Industrialization, National Agricultural Product Processing Demonstration Enterprise, National Agricultural Product Processing Industry Quality Product Award, China Meat Food Industry Strong Enterprise, National Facility Agricultural Equipment and Technology Demonstration Unit, etc.
News
[Instant Analysis of BT Financial Report] Huatong Co., Ltd.'s 2023 Interim Report: Pig Business Losses, R&D Investment Increased Significantly
Huatong Co., Ltd. (stock code: 002840) is a national key leading enterprise in agricultural industrialization and a leading breeding and slaughter enterprise in Zhejiang Province. The company is mainly engaged in pig breeding, pig slaughter, and deep processing of meat products. In addition, the company also has supporting businesses such as feed processing, poultry farming and slaughter. In the first half of 2023, the revenue and profit of Huatong Co., Ltd. mainly came from pig breeding and pig slaughter business. However, due to oversupply and demand, pig prices are running at a low level, causing the company's pig business to lose a small amount. Despite this, the company's operating income reached 41.1 in the reporting period
Guosheng Securities: It is expected that pig supply will still be excessive in the second half of the year, and subsequent pig prices may continue to be under pressure
Currently, there is a clear cost differentiation among industry participants. Accumulated losses may lead to subsequent stepwise removal of production capacity. Recent sector valuations are at the bottom, so it is recommended to pay attention to allocation opportunities in the pig breeding sector.
Huatong Meat Products' Revenue From Pig, Chicken Sales Jump in August
Zhejiang Huatong Meat Products' (SHE:002840) revenue from the sale of pigs and chickens rose year on year in the month of August. Pig sales revenue climbed 12.1% to 360.3 million yuan and revenue from