On February 25, Shandong Yisheng Livestock & Poultry Breeding Co.Ltd(002458) released its annual report for 2021, realizing an operating revenue of 2.09 billion yuan, a year-on-year increase of 19.35%; The net profit was 28.4535 million yuan, a year-on-year decrease of 69.07%.
Shandong Yisheng Livestock & Poultry Breeding Co.Ltd(002458) it was previously mentioned in the performance forecast that the reason for the decline in performance in 2021 was that the sales prices of the company’s parent generation broiler chicks and commercial generation broiler chicks increased year-on-year. However, due to the rise in the prices of feed raw materials such as corn and soybean meal, the breeding cost increased, reducing the profit space of the chicken business. At the same time, affected by the downward trend of the market and the rise in the prices of feed raw materials such as corn and soybean meal, the sales unit price of the company’s breeding pigs decreased, the gross profit decreased, and the commercial pigs lost money, resulting in the loss of pig business.
In addition, during the reporting period, Shandong Yisheng Livestock & Poultry Breeding Co.Ltd(002458) independently developed “Yisheng 909” small white feather broiler matching line, which obtained the certificate of new livestock and poultry variety (matching line); The expansion of business scale, the increase of interest bearing liabilities and the sharp rise of interest expenses over the same period of last year also affected the performance fluctuation.
