Seeking rich pigs!

The top five "most profitable" pig companies earned 155 million yuan a day in the first three quarters, and their net profit increased by more than three times

  China-Singapore Jingwei Client, Nov. 1 (Zhang Shunan) The popularity of the "Second Brother" standing on the tuyere remains unabated.

In the first three quarters, the top five listed pig companies with net profits attributable to their mothers (hereinafter referred to as net profits) earned an average of 155 million yuan a day; compared with the same period in 2019, the total net profits of these five major pig companies increased by more than three times.

Net profit increased by more than 3 times year-on-year

  The three quarterly reports of listed pig companies have all been released.

Sino-Singapore Jingwei Client noticed that from the perspective of net profit, Muyuan, Wen's, Zhengbang Technology, New Hope, and Tianbang are still the top five listed pig companies in the A-share market. The total net profit from January to September reached 42.571 billion yuan, 10.606 billion yuan in the same period last year, an increase of more than three times.

  The momentum of Muyuan shares is still strong. According to data, the company's revenue in the first three quarters was 39.165 billion yuan, an increase of 233.79% year-on-year; net profit was 20.988 billion yuan, an increase of 1413.28% year-on-year.

Based on this calculation, Muyuan shares an average daily net profit of 76.598 million yuan in the first three quarters.

In a single quarter, Muyuan realized a net profit of 10.2 billion yuan in the third quarter. Based on this calculation, its average daily net profit in the third quarter was 111 million yuan.

  Among the above five companies, Tianbang shares had the largest increase in net profit, which surged 23553.38% year-on-year in the first three quarters.

From January to September, Tianbang shares sold 2.0253 million commercial pigs, with an average sales price of 56.33 yuan/kg (excluding the impact of piglet and breeding pig prices, it was 33.06 yuan/kg), with year-on-year changes of -0.09% and 266.02% respectively.

  In this regard, Tianbang said that the number of commercial pigs sold from January to September fell slightly year-on-year, while sales revenue and average sales prices rose sharply year-on-year. First, because of the African swine fever epidemic, the production of the pig industry decreased, and the pig market price rose sharply year-on-year , Second, because the company’s sales of piglets and breeding pigs accounted for a relatively high proportion this year.

The production expansion of the head pig company is "busy"

  New latitude and longitude in the data map

  The increase in pig sales of listed pig companies is inseparable from capacity expansion.

On March 5, New Hope announced that it decided to continue to increase investment in the pig breeding business and build 10 pig breeding projects with a total investment of 4.359 billion yuan.

  On June 29, Zhengbang Technology released the 2020 plan for non-public issuance of A shares. The total amount of funds to be raised will not exceed 8 billion yuan, about 3.219 billion yuan will be used for the development of pig breeding business, and the remaining part will be used to supplement working capital.

Previously, Zhengbang Technology mentioned in the 2019 annual report that the company's slaughter volume will maintain a rapid growth in 2020, and the slaughter scale is expected to be 9-11 million.

  Muyuan Co., Ltd. issued multiple announcements on the establishment of subsidiaries during the year, stating that it has successively established civil rights in Fangshan District, Beijing, Zaoyang City, Xiangyang City, Hubei Province, Mianzhu City, Deyang City, Sichuan Province, Wuming County, Nanning City, Guangxi Zhuang Autonomous Region, and Shangqiu City, Henan Province. Counties, Huangmei County, Huanggang City, Hubei Province, and other regions have established subsidiaries to carry out pig breeding business.

  Tianbang shares also invested in the expansion of pig production capacity.

The company disclosed on July 8 that it plans to invest 2.385 billion yuan to build (including renovation) a total of 26 projects including western-style sow farms and boar stations. After all of them reach production, it is expected to form a production capacity of 124,200 sows.

On October 16, Tianbang said it plans to invest 790 million yuan in the construction (including renovation) of 4 western-style sow farms, which are expected to form a production capacity of 54,800 sows after they reach full production.

  In addition, Wen's shares adjusted the company's organizational structure and established a pig breeding department.

In the fourth quarter, the "money" is still promising?

  It is worth noting that domestic pork prices have continued to fall since September.

On October 27, Wei Baigang, chief economist of the Ministry of Agriculture and Rural Affairs, pointed out that with the rapid recovery of live pig production and the increase in slaughter volume, pork prices have fallen for eight consecutive weeks.

At present, the price of the bazaar is 49.23 yuan per kilogram, which is 10.41 yuan lower than the highest point in February this year, and the downward trend is very obvious.

  Sino-Singapore Jingwei Client noticed that the pig prices of the above five pig companies all showed a downward trend in September, and this was the second consecutive month of decline.

Among them, the average sales price of commercial pigs from Muyuan shares was lower, 32.12 yuan per kilogram; from the perspective of the decline, the sales price of commercial pigs from Tianbang shares dropped by 11.43%.

  For the next four quarters, Kaiyuan Securities believes that from the perspective of listed companies' restocking situation, the volume of stocks in the fourth quarter is expected to maintain a rapid growth compared with the previous quarter, and the goal of stocks for the whole year is worry-free.

The research report of Tianfeng Securities also analyzed that benefiting from the high price of pigs from January to September and the superimposed year-on-year growth in slaughter, the performance of many pig raising companies increased significantly. It is expected that the price of pigs will remain relatively high in the fourth quarter, and the growth rate of slaughter is expected to further increase from the previous month. , The performance of pig raising companies can be expected to increase.

  In terms of pork prices, the Ministry of Agriculture and Rural Affairs has emphasized that since the fourth quarter is the traditional pork consumption season, consumption growth has been synchronized with the supply of live pigs, and the tension between supply and demand will gradually ease, and there is little possibility that pork prices will rise or fall.

  Wei Baigang also pointed out that during the two major holidays of 2021 New Year's Day and Spring Festival, pork supply will increase by about 30% year-on-year.

In the later stage, as the number of breeding sows increases, the number of pigs on hand increases, and the number of slaughtered pigs will also increase quickly.

After the supply goes up, prices will gradually fall back to normal levels.

(Zhongxin Jingwei APP)

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