The performance of listed companies is intensively released in 2021. To say which industry is the most "heart stopper", it may be the pig breeding industry. "First loss" and "pre reduction" shrouded over the industry, and the stock price also fell rapidly.
pig breeding enterprises "poor performance"
From the perspective of pig breeding enterprises that have published performance reports, the "king of huge losses" must be Jiangxi Zhengbang Technology Co.Ltd(002157) alone.
Jiangxi Zhengbang Technology Co.Ltd(002157) disclosed the performance forecast for 2021, which shows that the net profit loss attributable to the shareholders of the listed company is expected to be 18.2 billion yuan to 19.7 billion yuan, a decrease of 416.84% to 442.96% over the same period of the previous year. Losses ranked first among pig breeding enterprises. Or affected by the sharp drop in performance, from February 7 to 8, Jiangxi Zhengbang Technology Co.Ltd(002157) fell by the limit for two consecutive days.
Recently, there was a rumor that "Zhengbang applied for bankruptcy and Jiangxi grain and oil took over" in the market, which was later refuted by Jiangxi Zhengbang Technology Co.Ltd(002157) rumor. However, on March 4, Jiangxi Zhengbang Technology Co.Ltd(002157) received a letter of concern from the Shenzhen stock exchange due to the planned sale of equity of several holding subsidiaries to Beijing Dabeinong Technology Group Co.Ltd(002385) Jiangxi Zhengbang Technology Co.Ltd(002157) .
Not only Jiangxi Zhengbang Technology Co.Ltd(002157) , but also the leading pig breeding enterprises Wens Foodstuff Group Co.Ltd(300498) and New Hope Liuhe Co.Ltd(000876) have poor performance, with both revenue and net profit declining.
Among them, Wens Foodstuff Group Co.Ltd(300498) 2021 net profit loss attributable to shareholders of listed companies was 13.337 billion yuan, a year-on-year decrease of 279.61% New Hope Liuhe Co.Ltd(000876) it is estimated that the net profit loss attributable to shareholders of listed companies will be 8.6 billion to 9.6 billion yuan in 2021, a year-on-year decrease of 273.94% - 294.17%.
In addition, Tech-Bank Food Co.Ltd(002124) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Tangrenshen Group Co.Ltd(002567) and other pig breeding enterprises also suffered losses one after another.
Even "Zhumao" Muyuan Foods Co.Ltd(002714) can not escape the result of performance pre reduction. The company expects the net profit attributable to shareholders of listed companies to be 6.5 billion yuan to 8 billion yuan in 2021, a year-on-year decrease of 70.86% - 76.32%.
prices fell sharply, and the purchase price of live pigs was only 5 or 6 yuan a catty
When talking about the reasons for the performance loss in 2021, several pig breeding enterprises mentioned that the pig price in 2021 decreased significantly compared with the same period of the previous year.
"At the beginning of 2021, the purchase price of hairy pigs was 30 yuan / kg, which was still at a relatively high level. By the end of the year, it had dropped to about 10 yuan / kg. Until today, the purchase price of hairy pigs is still only about 11 yuan / kg and 12 yuan / kg, with a great decline. Therefore, from the fourth quarter of 2021 to January 2022, pig farmers are almost losing money." Said Liu Yonghao, chairman of New Hope Liuhe Co.Ltd(000876) group.
According to the dynamics of Shenzhen Agricultural Products Group Co.Ltd(000061) markets outside China released by the Department of market and information technology of the Ministry of agriculture and rural areas, the weekly average price of pork wholesale market was 23.36 yuan per kilogram at the end of 2021, a cumulative decrease of 49.5% compared with 46.28 yuan per kilogram at the beginning of the year.
In addition to the sharp decline in pig prices, the rise in feed prices has also led to a sharp rise in pig breeding costs.
New Hope Liuhe Co.Ltd(000876) just mentioned in the performance forecast that the cost of pig breeding increased significantly year-on-year due to the continuous rise in the price of feed raw materials (China's corn price hit a record high and the spot price of soybean meal also rose sharply).
According to the data of the Ministry of agriculture and rural areas, in the fifth week of December 2021, the national average price of corn was 2.89 yuan / kg, a year-on-year increase of 9.5%; The national average price of soybean meal was 3.78 yuan / kg, up 8.9% year-on-year; The average price of compound feed for finishing pigs was 3.64 yuan / kg, a year-on-year increase of 6.7%.
will the performance of pig raising enterprises remain bleak this year
According to the monitoring of the Ministry of agriculture and rural areas, in the 8th week of 2022, the weekly average price of pork wholesale market was 19.04 yuan per kilogram, down 3.8% month on month and 51.7% year-on-year. This also means that the wholesale price of pork fell below 10 yuan again.
China News financial reporter recently visited a supermarket in Beijing and found that the price of front hip tip and rear hip tip was 12.9 yuan a kilogram and that of streaky pork was 16.8 yuan a kilogram, down about two yuan per kilogram compared with two months ago.
"On February 25, the profit loss of outsourcing piglet breeding was 153.33 yuan / head, and the loss of self breeding and self breeding was 481.8 yuan / head. The loss of self breeding and self breeding was large for 11 consecutive weeks. The price of soybean meal and other main feed raw materials was high, and the price ratio of pig grain continued to decline steadily during the week." Meng Xin, an analyst at Guosheng securities, pointed out.
In Meng Xin's view, the central government officially launched the collection and storage of 40000 tons on February 28. From the performance of pig price, the role of price bottom support is limited. It is expected that the first half of 2022 will still face the slaughter peak brought by the inertia of reproduction, the upward probability of pig price is small, and the deep loss of breeding will continue.
Wen bin, chief researcher of China China Minsheng Banking Corp.Ltd(600016) said that after June 2021, the number of fertile sows in stock showed a downward trend month on month. Calculated according to the historical law, the impact on the slaughter of pigs is roughly 10 months behind, that is, pork prices may enter a new round of rise in the second half of this year. (end)
