Net loss of at least 1.2 billion

Pig prices continue to decline, the people gradually taste the “pork freedom”, and engaged in pig breeding listed companies are not as good as before.

Pig giant Zhengbang technology announced on the afternoon of July 14 that it is expected to achieve a net profit loss of 1.2 billion yuan to 1.45 billion yuan in the first half of 2021. In the same period of last year, Zhengbang technology made a profit of more than 2.4 billion yuan due to the “super pig cycle”.

Zhengbang technology said that in the first half of the year, the company’s sales volume ranked second in the industry, but the company’s performance was under periodic pressure due to the impact of the decline in domestic pig prices.

On the same day, muyuan shares, known as “Zhumao”, also announced that it is expected to achieve a net profit of 9.4 billion yuan to 10.2 billion yuan in the first half of the year, a year-on-year decrease of 5.42% to 12.83%.

As for the performance of listed pig enterprises, China Merchants Securities said that although the sales volume of listed pig enterprises continued to grow in the second quarter, the performance of pig price was low, and the rising price of feed raw materials and other factors led to rising costs. The average loss of self breeding pigs in June reached 275 yuan per pig. It is expected that most pig enterprises will have a sharp decline in profits or even losses in the second quarter, and only individual companies will benefit from low cost and low cost Sales location advantage to achieve profitability.

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Reprint indicated source:Spark Global Limited information