On January 18, Jiangxi Zhengbang Technology Co.Ltd(002157) (002157), who was in the rumor of “handling breeding loans in the name of employees”, responded.
According to the explanation announcement that night, Jiangxi Zhengbang Technology Co.Ltd(002157) recently paid attention to some media reports on “online transmission Jiangxi Zhengbang Technology Co.Ltd(002157) handling breeding loans in the name of employees”, which mainly included a group of pictures flowing out of the Internet, saying that the company can quickly obtain cash by handling breeding loans in the name of employees.
“After verification, the online content is inconsistent with the facts.” The company said.
At the same time, Jiangxi Zhengbang Technology Co.Ltd(002157) just “Company + farm + settlement business model” explains that the competition pattern of China’s commercial pig market is characterized by the continuous improvement of the concentration of large-scale enterprises, while the number of high-quality farmers is relatively limited in the industry, and the industry competition is gradually intensified. Under this background, in order to fully mobilize the enthusiasm and responsibility of farmers, make better use of the company’s high-quality production capacity, and give full play to the company’s large-scale and systematic development The advantages of integration and improved varieties, The company upgraded the pig breeding mode to “company + farm + settlement” “Mode”, that is, the company will provide the self built farms to the farmers, and the company will charge relevant fees and provide pig seedlings, feed, veterinary medicine, etc. when the farmers use the company’s farms, the company will charge part of the funds according to the size of the houses to protect the company’s assets. The overall operating funds of the farmers mainly come from the loans applied by them and financial institutions. Compared with “company + farmers” The “traditional mode” of “company + farm + settlement” is more conducive to the company’s resource allocation, control and centralized management, as well as the company’s production and operation management, cost improvement and breeding efficiency.
The company believes that the breeding business segment of the company adopts the cash sales method, the sales of live pigs are collected rapidly, the liquidity of biological assets is strong, and the sales outside the feed business segment are stable, which can provide continuous cash inflow. The company’s overall cash flow is stable, and there is no risk of capital chain rupture. The company will reasonably arrange the business plan and development rhythm on the premise of ensuring its own cash flow safety.
“For the false information about the company on the network, the company will reserve the right to investigate the legal responsibility of the fabricator and disseminator.” Jiangxi Zhengbang Technology Co.Ltd(002157) scale.
In fact, recently, investors are quite concerned about the company’s capital. On the interactive e-commerce, on January 15, an investor asked: how to guarantee your company’s cash flow since the pig price has not been rising? Jiangxi Zhengbang Technology Co.Ltd(002157) said that the company’s production and operation are normal at present. On the one hand, the company carries out financing through the combination of equity and debt. On the other hand, it adjusts the pace of development and disposes of idle production capacity in time to ensure the efficient and orderly production and operation of the company.
At an institutional research meeting last November, investors also asked about the company’s current capital situation and how to ensure its own capital security at the bottom of the cycle. At that time, the company introduced that, first of all, there was sufficient cash guarantee at the level of listed companies. At the end of the third quarter, after the implementation of dividend funds of 2.2 billion yuan and repurchase funds of 500 million yuan in the first three quarters, the company’s monetary capital stock still had 6.070 billion yuan; By the end of September, the company’s Bank credit line was 26 billion yuan and the unused line was 8 billion yuan; Secondly, the company takes increasing revenue and reducing expenditure as the focus of stable development to ensure that it has sufficient working capital. From the current development stage of the company and the matching degree of cash flow required for production and operation, it is relatively healthy, and the overall operating capital risk is small.
It is disclosed that Jiangxi Zhengbang Technology Co.Ltd(002157) is mainly engaged in feed production and sales, pig breeding and sales, and veterinary medicine production and sales. From the performance of the first three quarters of last year, during the reporting period, the company achieved an operating revenue of 39.971 billion yuan, a year-on-year increase of 22.59%. Among them, the sales revenue of feed was 12.558 billion yuan, a year-on-year increase of 31.81%; The sales revenue of live pigs was 25.64 billion yuan, a year-on-year increase of 12.91%; Others include food and veterinary drugs, which account for a small proportion of operating revenue; In the first three quarters, the net profit attributable to the mother accumulated a loss of 7.627 billion, a year-on-year decrease of 240.39%. In terms of net profit, the feed realized a profit of 86 million and the pig breeding sector lost 7.93 billion. In addition, due to the principle of prudence, the accounting provision for asset impairment totaled 1.3 billion yuan.
According to the newly disclosed pig sales, the company sold 805200 pigs in December 2021, a month on month decrease of 19.79% and a year-on-year decrease of 40.00%; The sales revenue was 1.291 billion yuan, a month on month decrease of 4.23% and a year-on-year decrease of 66.75%. From January to December 2021, the company sold 14.9267 million pigs, a year-on-year increase of 56.14%; The cumulative sales revenue was 29.713 billion yuan, a year-on-year decrease of 14.70%.
In this regard, Jiangxi Zhengbang Technology Co.Ltd(002157) explained that in December, the company’s pig sales revenue decreased significantly year-on-year, mainly due to the sharp decline of pig sales prices in the Chinese market compared with the same period last year. The large year-on-year decrease in the number of live pigs was mainly due to the adjustment of production and operation; From January to December 2021, the company’s cumulative pig sales increased significantly year-on-year, mainly due to the release of pig production capacity.
