Gelonghui, January 31 | Lihua Co., Ltd. (300761.SZ) announced its 2023 annual results forecast. Net profit loss attributable to shareholders of listed companies during the reporting period was RMB 420,000 to RMB 49,000 million, and profit of RMB 89,076.68 million for the same period last year; net profit loss after deducting non-recurring profit and loss of RMB 450 million to 520,000 yuan, and profit of 864.6153 million yuan for the same period last year.
During the reporting period, the company's main business continued to grow rapidly, but due to factors such as cyclical changes in the industry in which it is located and consumption falls short of expectations, prices of main products are under pressure, and losses are expected. The section descriptions are as follows:
(1) During the reporting period, the company's yellow feather chicken business continued to advance the national market layout, selling 457 million broilers (including chicken, butcher and cooked products), an increase of 12.16% over the previous year. During the reporting period, the yellow feather chicken market was sluggish, but the company's cost control remained highly competitive, and the sector achieved marginal profit.
(2) During the reporting period, the company sold 855,100 pork heads, an increase of 51.51% over the previous year, and achieved the annual listing target; due to the continued low operation of pig prices, the pig sector lost about 480 million yuan, of which preparation for falling inventory prices affected nearly 80 million yuan. During the reporting period, pig production performance continued to improve, and production costs dropped significantly year-on-year.
(3) During the reporting period, the company sold a total of 1,722,100 meat geese, an increase of 20.91% over the previous year; the meat goose market was good, and the goose breeding business achieved good profits.
(4) During the reporting period, the company completed the initial strategic layout of fresh chicken processing capacity. Processing projects in Huizhou, Yangzhou, Tai'an and other places were completed and put into operation one after another, further establishing fresh product supply capacity in the Pearl River Delta, Yangtze River Delta and Beijing-Tianjin-Hebei urban agglomeration. Currently, the above processing projects are still in the process of climbing capacity, and no large-scale effect has been achieved, and the business is losing money.