Wen's Co., Ltd. reduced losses in Q1 compared to the previous month, and a single pork pig had basically achieved break-even in March | Financial Report Interpretation
① Wen's Co., Ltd. achieved a net loss of 1,236 million yuan to the mother in Q1; ② The company made progress in cost reduction and efficiency this year. The comprehensive cost of pork pig breeding was reduced to about 7.4 yuan/kg in March, and single-headed pork pigs basically achieved break-even; ③ the company set a target sales target of 30 million to 33 million heads of pork this year.
Wen's Co., Ltd. (300498): Losses narrowed significantly in 24Q1, and the decline in farming costs exceeded expectations
Benefiting from improved costs and a recovery in livestock and poultry prices, the 24Q1 loss margin narrowed markedly. The company disclosed its annual report for '23 and its quarterly report for '24, and achieved revenue of 89.921 billion yuan (yoy +7.4%) in '23; net profit to mother
Express News | Tiankang Biotech: Net loss of 1,363 billion yuan in 2023
Express News | Wen's shares: net loss of 1,236 billion yuan in the first quarter, year-on-year loss reduction
Minhe Co., Ltd. (002234): Chicken seedlings lose slightly and wait for the cycle to reverse upward
Chicken seedlings lost a small amount, maintaining the “buy” rating and Minhe Co., Ltd. released a quarterly report. In Q1 2024, revenue of 522 million yuan (yoy -9.55%, qoq +18.16%) was achieved, and net profit of the mother was 3490.69
Southwest Securities released a research report on April 28 stating that it gave Lihua Co., Ltd. (300761.SZ) a purchase rating, and the target price was 26.1 yuan. The main reasons for the rating include: 1) performance summary: the company released the 2
Southwest Securities released a research report on April 28 stating that it gave Lihua Co., Ltd. (300761.SZ) a purchase rating, and the target price was 26.1 yuan. The main reasons for the rating include: 1) performance summary: the company released the 2023 annual report & 2024 first quarter report; 2) comments: breeding performance continues to improve, turning a loss into a profit in 2024Q1; 3) the industry has low production capacity and high prosperity is sustainable; 4) the company is the second-largest yellow feather chicken breeding enterprise in China, with strong cost control capabilities; 5) pig capacity utilization is expected to increase, and breeding performance will improve significantly. (Mainichi Keizai Shimbun)