01068 YURUN FOOD
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YURUN FOOD News
Hong Kong Stock Concept Tracking | Pig Price Recovery Helps Leading Pig Companies Achieve Break-even Industry Sentiment or Exceed Expectations (with concept stocks)
As pig prices picked up and costs declined, leading pig companies such as New Hope (000876.SZ) and Wen's Shares (300498.SZ) achieved monthly break-even in April, and the industry as a whole is returning to the breeding break-even line.
National Bureau of Statistics: Pig prices in late April fell 1.3% from mid-month to month
On May 7, the National Bureau of Statistics announced changes in market prices for important means of production in the distribution sector in late April.
雨潤食品：二零二三年年報
Egg prices have soared in many countries! The “deadliest bird flu in history” has made a comeback, and the US and Japan have once again been affected by the disaster
① Recently, signs of a resurgence of bird flu have been discovered again in farms in the United States, Japan and other places. ② Currently, in addition to the US and Japan, egg prices have soared in Europe, Mexico, Indonesia, etc., and many consumers have even begun to stock up on eggs.
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.
Changjiang Securities: Non-linear capacity removal in the pig breeding industry may open up investment opportunities in the optimistic sector
Changjiang Securities released a research report stating that in the first quarter of 2024, when pig prices are still relatively low, it is expected that sector performance will continue to be under pressure, and the industry may begin to remove production capacity nonlinearly.
Is the “pig on the cusp” here again? Listed pig companies welcome a sharp rise in volume and price, pig prices are expected to rise until the second quarter
After a long period of the coldest pig cycle, the pig market dawned in March. Recently, in the March sales data disclosed by listed pig companies, the number of domestic pigs released has rebounded, and the average sales price has picked up accordingly. Leading pig companies' Q1 losses may narrow month-on-month. A CIFA reporter learned from an industry interview that the loose pig supply situation began to improve in March, and pig prices are expected to rise moderately in the second quarter.
Cycle inflection point? Pig farming has begun to make money, and retail investors in institutional enterprises have been “optimistic” for 10 weeks in a row | Industry Watch
CIFA reporters learned in multiple interviews that due to the continuous rise in pig prices since March, the breeding side has now officially started a profit model. Some farmers told CIFA reporters, “I currently earn about 250 yuan per pig.” Another pig company source said, “Some low-cost pig farms under the company have already entered the profit range.”
Caitong Securities: The pig cycle is declining for a long time, can CPI rise?
The Zhitong Finance App learned that CaiTong Securities released a research report saying that the current pig cycle is at the bottom of the downward cycle. The current upward phase has continued for 6 months, while the downward phase has continued for about 16 months, which is close to 3 times the upward period.
Yurun Foods (01068) announced annual results. Loss attributable to shareholders of HK$148 million increased 881.85% year-on-year
Yurun Foods (01068) announced its annual results for the year ended December 31, 2023, with a group revenue of 14.11...
雨潤食品：截至二零二三年十二月三十一日止財政年度全年業績公佈
The pig industry conference is coming, the pig cycle has received market attention, a list of senior institutional research stocks
The Belt and Road International Pig Industry Conference will be held in Zhengzhou from April 25 to 27.
Hong Kong Stock Concept Tracking | Pig Prices Rebound! Pig futures prices hit a new high during the year; it is recommended to focus on high-quality “real growth” pig companies (with concept stocks)
The pig price market ushered in a full rebound! According to the latest data from the Ministry of Agriculture and Rural Affairs, 40.42 million sows were kept nationwide in February, down 0.6% from the previous month and 6.9% from the previous year.
“High-risk” pig companies line up to enter ICU: Can the difficult situation be reversed in the second half of the year due to high debt and reorganization one after another? |Industry Watch
Behind the sluggish cycle, some pig companies lost their arms to survive, but under the heavy pressure of continuous losses and high debt, many pig companies still “thundered” and entered the debt vortex one after another during this cycle.
Yurun Foods (01068.HK) Profit Alert: Losses are expected to reach about HK$201 million in 2023
Gelonghui March 20 | Yurun Food (01068.HK) announced that for the year ended December 31, 2023, the Group is expected to lose approximately HK$201 million (2022: approximately HK$25 million) during the year under review. The sharp increase in losses is mainly due to (1) management judging that certain discontinued plants may not be produced for a certain period of time in the future, so a one-time deductible VAT of about HK$99 million was deducted from them if they were not used effectively and are not expected to be deducted in the short term; and (2) referring to independent professional evaluators for some non-operating properties and plants
YURUN FOOD: PROFIT WARNING
Yurun Foods (01068.HK) held a board meeting on March 27 to approve publication of annual results
Gelonghui March 13 | Yurun Food (01068.HK) announced that the company will hold a board meeting on March 27, 2024 (Wednesday) to approve (among other things) the publication of the annual results announcements of the Company and its subsidiaries for the year ended 31 December 2023, and to consider the payment of a final dividend (if any).
YURUN FOOD: DATE OF BOARD MEETING
The off-season of the holiday season dragged down pig companies' sales in February, and the lowest breeding cost “crown” changed owners|Industry News
Financial Services News, March 11 (Reporters Zhang Chenjing and Wang Pingan) Pig companies' “cold winter” continues. Due to the impact of the Spring Festival holiday, pig companies' sales generally declined in February, but the average sales price picked up compared to the end of 2023.
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