Chinanews.com client Beijing, April 24 (Xie Yiguan) A sudden outbreak affected the economic activity in the first quarter and the benefits of many industries. When many industry companies were worried about the quarterly report, the pig breeding companies showed beautiful transcripts.
Data figure: The farmer cares for the young piglets. Photo by Han Zhangyun
The profit of pig breeding enterprises doubled
To talk about which industry enterprises are "rich in oil" in the first quarter of 2020, pig breeding enterprises are one of them. Judging from the performance announcements of listed companies, the net profit of pig head enterprises has doubled.
On the evening of April 7, Muyuan took the lead in issuing the first-quarter performance forecast. The company's net profit attributable to shareholders of the listed company was 4 billion yuan -4.5 billion yuan. It lost 541 million yuan in the same period last year and realized turning losses into profit.
On April 10, Wen Shi shares and New Hope's quarterly report performance announcements were also released. Among them, Wen's stock is expected to make a profit of 1.892 billion yuan to 1.897 billion yuan in the first quarter, an increase of 510.90% -511.98% year-on-year, and a loss of 460 million yuan in the same period last year; New Hope expects a profit of 1.5 billion to 1.6 billion yuan in the first quarter, an increase of 125.09% -140.10%.
In addition, Zhengbang Technology's quarterly report released on April 21 showed that the net profit attributable to the owner of the parent company reached 906 million yuan, a loss of 414 million yuan in the same period last year.
From the perspective of net profit, Muyuan shares have left other head enterprises far behind. But it is worth noting that although other hog farming companies have some gaps with the head companies' net profit, the growth rate is quite impressive.
Tang Renshen's first-quarter performance forecast shows that the net profit attributable to shareholders of listed companies is 200 million to 230 million yuan, and the profit is expected to increase by nearly 40 times; Tiankang Biological Performance Forecast shows that the first quarter net profit is expected to be 330 million to 350 million yuan Yuan, a year-on-year increase of 1041% -1110%; Aonong Biological ’s quarterly report showed that the net profit attributable to shareholders of listed companies was 151 million yuan, an increase of 767.69% year-on-year.
Cheung Kong Securities pointed out that the first quarter results of major breeding enterprises were split and calculated. Compared with the average profit of self-breeding and fattening heads, the profitability of outsourced piglet fattening heads was lower.
The average average profit of mainstream self-supporting and fattening mainstream companies is about 1676 yuan, of which the four companies with the highest profitability, Muyuan shares, Tiankang Biological, Tangshen and Wen's shares, the average profit of the companies is about 2213 yuan, 2138 yuan, 2112 yuan and 1608 yuan. New Hope, Zhengbang Technology and Tianbang shares, which have a relatively high proportion of outsourcing piglet fattening, are expected to earn an average profit of about 495 yuan, 403 yuan and 316 yuan respectively.
Data map: Supermarket employees are sorting pork. Zhang Yunshe
Pork prices rose sharply, helping performance "fluttering red"
After sorting out the performance announcements of hog farming companies, when explaining why the net profit increased significantly, most companies mentioned that the supply of pork in the national pork market is tight, and the price of hogs in the first quarter rose sharply compared with the same period last year.
The Ministry of Agriculture and Rural Affairs once said, “Since 2019, due to the superimposed influence of factors such as the pig cycle, the epidemic of African swine fever, and unreasonable prohibition and restriction of feeding in some areas, the production capacity of pigs has decreased significantly.” The new crown pneumonia epidemic has prolonged the holiday period. Prevention and control have a certain impact on the live pig industry chain and logistics transportation.
Under the prominent contradiction between supply and demand, the National Bureau of Statistics released data showing that pork prices rose 122.5% year-on-year in the first quarter.
"Although the total slaughter of major breeding enterprises in the first quarter was only 7.979 million heads, a year-on-year decrease of 41%, but due to the sharp rise in pig prices, the average profit of the enterprises increased significantly. In the first quarter, the average hog price was 36.6 yuan / kg, an increase of 182% year-on-year. "Changjiang Securities pointed out.
For example, Wenshi ’s sales of hogs (including hairy pigs and fresh products) in the first quarter was 2.526 million heads, a decrease of approximately 62.22% from the same period in 2019, but the price of hogs increased by 193.69% year-on-year, and sales revenue increased by 17.13% year-on-year. Obtaining a good profit return directly affects its net profit to turn losses into profits year-on-year.
Data map: Live pig farm. China News Agency reporter Lin Hao
The annual profit of pig farms may be very considerable
The pig breeding enterprises performed well in the first quarter, and also won the favor of investors. Since the beginning of the year, as of April 23, New Hope's share price has increased by 75.24%, Muyuan shares have increased by 42.43%, and Zhengbang Technology has increased by 21.60%.
In this case, many investors are concerned about whether they can maintain such a brilliant performance in the next three quarters?
"From the perspective of the supply and demand of pork throughout the year, although the hog production capacity has recovered positively, the pattern of tight pork supply has not fundamentally changed." Yang Zhenhai, director of the Animal and Veterinary Bureau of the Ministry of Agriculture and Rural Affairs, said earlier.
With the tight supply pattern continuing, hog breeding companies may continue to enjoy this wave of dividends.
Aonong Biology predicts that the hog market will continue to enjoy a high level of prosperity in the second quarter, and the company's breeding scale will continue to expand. It is expected that the net profit of the mother in the first half of 2020 will increase significantly over the same period of the previous year.
"Although the listing of listed pig companies may increase significantly, but because the gap in the entire industry is still large, the recovery of the catering industry and the increase in demand in the cafeteria after the school starts, the price of pigs will be relatively high throughout the year." New Hope Director Chang Liu Chang pointed out at the company performance briefing.
Tianfeng Securities believes that from the perspective of listed pig companies, its capable sows generally began to pick up rapidly at the end of the third quarter of last year. It is expected that all major listed companies will have a high chain sales growth in the second quarter of this year, superimposing the high price of pigs. It is expected that in the second and third quarters, listed pig companies will usher in a quarter-on-quarter high growth in profits.
Data Map: Lei Shengcai, a villager in Wangling Village, Houguanzhai Town, Xifeng District, Qingyang City, Gansu Province, relied on hard work to raise pigs and walked out of his own way out of poverty. Pan Xiaomei photo
The wealth of the pig breeding giants "struck up "
The performance has greatly increased, and the net worth of the big pig breeding companies has also "increased."
On April 7, the 2020 Forbes Global Billionaires List was released. There are 389 rich people in mainland China. The Qin Yinglin family of Muyuan shares ranked 43rd with a fortune of US $ 18.5 billion; the New Hope Liu Yonghao family ranked 98th, with assets. It ’s $ 12.3 billion.
"Due to the impact of the African swine fever epidemic last year, the supply of the global hog market was tight, and the wealth of Qin Yinglin and Qian Ying of Muyuan shares tripled last year to 133 billion yuan," said the Hurun Research Institute.
In the "2020 Hurun Global Rich List" released on February 26, Qin Yinglin and Qian Ying of Muyuan Co., Ltd. ranked 56th in the global list with a net worth of 133 billion yuan, an increase of 237 from last year, stably ranking the richest person in Henan. .
As of April 23, the market value of Muyuan shares reached 282.2 billion yuan, firmly sitting in the top spot of small and medium-sized boards.
"Pig-raising, bicycles for Lamborghini are not a dream", have you ever thought about getting rich by raising pigs? (Finish)