Muyuan Foods Co.Ltd(002714) 4 on April 29, the annual report of 2021 and the first quarterly report of 2022 were released. In 2021, the company achieved an operating revenue of 78.89 billion yuan, a year-on-year increase of 40.18%; The net profit attributable to the parent company was 6.904 billion yuan, a year-on-year decrease of 74.85%. In the disclosed first quarter report of 2022, Muyuan Foods Co.Ltd(002714) achieved an operating revenue of 18.278 billion yuan in the first quarter, a year-on-year decrease of 9.30%; The net profit attributable to the parent company lost 5.180 billion yuan, turning from profit to loss on a year-on-year basis.
Muyuan Foods Co.Ltd(002714) said that in 2020, the industry’s production capacity showed a gradual recovery trend. However, due to the large scale of capacity removal in the early stage, the supply of pigs was still in short supply, and the price of pigs was basically maintained at a high level. In 2021, the industry’s production capacity basically recovered, the market supply rebounded significantly, and the pig price showed a downward trend.
Muyuan Foods Co.Ltd(002714) previously said in an investor survey that there were Spring Festival holidays in January and February this year, with few effective sales days and low sales volume; At the same time, the company’s pig slaughtering sector did not achieve profit, mainly due to the impact of the production rhythm of slaughterhouses before the Spring Festival and the decline in slaughtering volume after the festival, the overall slaughtering volume was less.
According to the annual report, in 2021, the company sold 40.263 million pigs, slaughtered 2.899 million pigs in total, and realized a revenue of 5.42 billion yuan from slaughtering and meat business. By the end of 2021, six slaughtering subsidiaries of the company had been put into operation, with a slaughtering capacity of 16 million units / year.
Muyuan Foods Co.Ltd(002714) introduces that the company currently adopts the business model of “full self-supporting, full chain and intelligence”, and has formed an industrial chain integrating feed processing, breeding of breeding pigs, breeding of breeding pigs, raising of commercial pigs and slaughtering of meat.
Muyuan Foods Co.Ltd(002714) said that in 2021, the company sold 40.263 million pigs, which was in line with the annual business plan. In 2022, the company expects to sell 50 million to 56 million pigs.
