Wens Foodstuff Group Co.Ltd(300498) 4 disclosed the annual report on April 15, and realized an operating revenue of 64.954 billion yuan in 2021, a year-on-year decrease of 13.31%; The net profit was a loss of 13.404 billion yuan, with a net profit of 7.426 billion yuan in the same period of last year.
As for the reasons for performance changes, Wens Foodstuff Group Co.Ltd(300498) said that (1) the price of live pigs fell sharply. At the same time, due to the continuous rise in the price of feed raw materials, the fattening of some pig seedlings purchased by the company and the continuous promotion of pig breeding optimization, the company’s pig breeding business suffered a deep loss; (2) The company amortizes the equity incentive expenses in accordance with the relevant provisions and requirements of the accounting standards for business enterprises. At the same time, a large amount of impairment provision has been made for the consumable biological assets and productive biological assets on hand. (3) The company increased financing in response to the downturn of the industry, and the financial expenses increased significantly year-on-year.
In terms of main business, in 2021, the company’s output and sales of pigs increased by 38.47% year-on-year to 132174 million, with a revenue of 29.494 billion yuan; Broiler sales increased by 4.73% year-on-year to 1086 million, with a revenue of 30.327 billion yuan.
The company also announced that under the premise of not affecting the normal operation and ensuring the safety and liquidity of funds, the self owned funds of no more than 7 billion yuan will be used for entrusted financial management in 2022, which can be used on a rolling basis within the limit, and the term will be effective within one year from the date of adoption of the resolution of the board of directors.
