Summary
[New Hope: The sales revenue of live pigs in January was 1.638 billion yuan, a year-on-year decrease of 34.66%]New Hope announced on February 15 that the company sold 1.2926 million live pigs in January 2022, an increase of 20.62% month-on-month and 76.61% year-on-year; revenue was 16.38 100 million yuan, an increase of 6.78% month-on-month and a year-on-year decrease of 34.66%; the average sales price of commercial pigs was 13.06 yuan/kg, a month-on-month decrease of 10.91% and a year-on-year decrease of 57.21%. The main reason for the large year-on-year increase in the number of live pigs sold is the normal release of production capacity. Compared with the mid-2020, the piglet investment in the middle of 2021 has increased significantly. The main reason for the large year-on-year decrease in the sales revenue of live pigs and the average sales price of commercial pigs was the decline in pig prices caused by the market conditions. (Economic Reference Network)
new Hope(000876.SZ) February 15thannouncementthe company sold 1,292,600 live pigs in January 2022, an increase of 20.62% month-on-month and a year-on-year increase of 76.61%; revenue was 1.638 billion yuan, a month-on-month increase of 6.78%, a year-on-year decrease of 34.66%; the average sales price of commercial pigs was 13.06 yuan/kg, a month-on-month decrease 10.91%, down 57.21% year-on-year.
new HopeThe main businesses include feed, white feather poultry, pig farming and food. In the past two years, in order to seize the opportunity period following the outbreak of African swine fever, the company has greatly increased investment in pig farming. As of the end of 2020, the production capacity layout of more than 70 million heads has been realized and reserved, and the self-feeding capacity is close to 4 million heads.
The announcement shows that the main reason for the large year-on-year increase in the number of live pig sales is the normal release of production capacity. The main reason for the large year-on-year decrease in the sales revenue of live pigs and the average sales price of commercial pigs was the decline in pig prices caused by the market conditions.
Dongxing Securitiespublished recentlyResearch reportIt pointed out that the current drop in pig prices and the feed price increase following the holiday will further accelerate the industry’s initiative to reduce production capacity, which will further strengthen their expectations for the industry cycle reversal. From the perspective of the cycle, it is necessary to continue to pay attention to the reduction of production capacity of live pigs. From the perspective of the enterprise, it is recommended to focus on the production capacity layout of the enterprise and the phased results of reducing costs and increasing efficiency.
(Article source: Economic Reference Network)