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)
Tianma Technology (603368): The eel business performance was weak in '23, and the gross margin of the feed business is expected to improve in '24
Incident: On April 27, the company released its annual report for '23 and its quarterly report for '24. For the full year of '23, the company achieved revenue/net profit of 6.998/-188 million yuan, -0.14% /-243.94 compared with the previous year
Tiankang Biology (002100): 23-year performance under pressure, 24-year target to release 3003.5 million pigs
Event: The company publishes its 2023 annual report. The company's revenue in '23 was 19.026 billion yuan, +11.99% year-on-year; of these, feed, pig breeding, corn silage, agricultural product processing, and veterinary biological products contributed respectively
Shuanghui Development (000895): The profit of meat products is steadily increasing, and the profit of frozen products from slaughter is being pressured by the market
2024Q1 revenue and net profit were under year-on-year pressure, and the overall sales scale declined due to sluggish market conditions and a high sales base. The company achieved total revenue of 14.31 billion yuan in 2024Q1, -8.9% year-on-year, and a net profit of 12.
Hefeng Co., Ltd. (603609): Steady improvement in feed, meat and poultry business, profitability increased month-on-month
1Q24 net profit to mother decreased by 390 million yuan month-on-month, in line with our expectations that Hefeng Co., Ltd. announced 1Q24 results: revenue -7.9%/-20.4% month-on-month to 7.22 billion yuan, net profit to mother -100 million yuan, same
Shengnong Development (002299): Low chicken prices disrupt performance and resonate with declining costs and rising economic conditions
1Q24 net profit to mother decreased by 13 million yuan month-on-month, in line with our expectations, Shengnong Development announced 1Q24 results: 1Q24 revenue -7.1% year-on-year to 4.215 billion yuan, net profit to mother -62 million yuan, year-on-year
Chunxue Foods (605567.SH): Net profit for the first quarter - 5.9753 million yuan
On April 26, Ge Longhui Food (605567.SH) released its report for the first quarter of 2024, achieving operating income of 529 million yuan, a year-on-year decrease of 23.24%; net profit attributable to shareholders of listed companies - 5.9753 million yuan, net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 6.3019 million yuan, and basic earnings per share - 0.03 yuan.
SDIC Securities released a research report on April 26 stating that it gave Shengnong Development (002299.SZ) a purchase rating, and the target price was 23.03 yuan. The main reasons for the rating include: 1) the company released a report for the first q
SDIC Securities released a research report on April 26 stating that it gave Shengnong Development (002299.SZ) a purchase rating, and the target price was 23.03 yuan. The main reasons for the rating include: 1) the company released a report for the first quarter of 2024; 2) steady increase in product sales and significant improvement on the C-side of the food side; 3) financial statement forecasts and summary of valuation data. (Mainichi Keizai Shimbun)
Minhe Co., Ltd. (002234.SZ): Net loss of 349.069 million yuan in the first quarter
On April 26, Ge Longhui Co., Ltd. (002234.SZ) released its report for the first quarter of 2024. Operating income for the reporting period was 522 million yuan, down 9.55% from the previous year; net profit attributable to shareholders of listed companies - 349.069 million yuan, year-on-year profit and loss; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss - 364.064 million yuan; basic earnings per share - 0.10 yuan.
Tianma Technology (603668.SH): Net profit of 6.5896 million yuan in the first quarter increased 17.40% year-on-year
On April 26, Ge Longhui (603668.SH) released its report for the first quarter of 2024, achieving operating income of 1,361 billion yuan, a year-on-year decrease of 11.09%; net profit attributable to shareholders of listed companies of 6.5896 million yuan, an increase of 17.40% year on year; net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 4.8512 million yuan, an increase of 5.80% year on year; and basic earnings per share of 0.01 yuan.
Luo Niushan (000735.SZ)'s net profit for the first quarter was 110 million yuan, up 128.81% year-on-year
Gelonghui, April 26 | Luo Niushan (000735.SZ) released its report for the first quarter of 2024. Operating income during the reporting period was 1.088 billion yuan, a year-on-year decrease of 27.35% (after adjustment); net profit attributable to shareholders of listed companies was 110 million yuan, up 128.81% year on year (after adjustment); net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss was 129 million yuan, an increase of 273.58% (adjusted).
Xiantan Co., Ltd. (002746): Volume increase in 23 years, Q1 price pressure in '24
Incident: The company released its 2023 annual report. It achieved annual revenue of 5.781 billion yuan, an increase of 13.31% over the previous year, and net profit to mother of 226 million yuan, an increase of 76% over the previous year. The number of products sold increased, while the price of broilers rose
Hefeng Co., Ltd. (603609.SH) reported first-quarter results with a net loss of 102 million yuan
Hefeng Co., Ltd. (603609.SH) released its report for the first quarter of 2024. The company achieved operating income during the reporting period...
Sunner Development Swings to Loss in Q1 2024; Shares Drop 3%
Fujian Sunner Development (SHE:002299) incurred a loss attributable to shareholders of 61.9 million yuan for the first quarter of the year, swinging from a profit of 89.4 million yuan a year earlier,
Shengnong Development (002299): Steady growth in profit-differentiated sales of prepared products/raw chicken
Sales continued to grow in 24Q1, maintaining the “buy” rating, and Shengnong Development released a quarterly report. In Q1 2024, revenue of 4.215 billion yuan (yoy -7.10%, QoQ -7.56%) was achieved, and net profit was -61