China Galaxy Securities: 24Q2 pig prices or trends are improving, focus on breeding industry chain opportunities
Taking into account the length of losses in the industry, the extent of elimination of breeding sows, and the current situation of the spread of the winter epidemic, the historical low valuation of the industry is taken into account, and the focus is on high-quality pig companies with leading cost control and good financial resources.
Lihua Co., Ltd. (300761.SZ) announced first-quarter results, with net profit of 80.31 million yuan to mother, turning a year-on-year loss into a profit
Lihua Co., Ltd. (300761.SZ) released its report for the first quarter of 2024. The company achieved operating income during the period...
Lihua Co., Ltd. (300761.SZ): Broiler sales revenue of 1,062 million yuan and pork sales revenue of 139 million yuan in March
On April 8, Ge Longhui Co., Ltd. (300761.SZ) announced that in March 2024, the company sold 39.2885 million broilers (including chicken, butchers and cooked products), with sales revenue of 1,062 million yuan and an average sales price of 12.37 yuan/kg. The month-on-month changes were 29.42%, 18.53%, and -8.78%, respectively. The year-on-year changes were 6.97%, 0.38%, and -6.07%, respectively. The company sold 78,600 pork heads in March 2024, with sales revenue of 139 million yuan. The average sales price of pork pigs was 1,506 yuan/kg. The month-on-month changes were 1.
Is Jiangsu Lihua Animal Husbandry Co., Ltd. (SZSE:300761) Worth CN¥20.8 Based On Its Intrinsic Value?
Key Insights Using the Dividend Discount Model, Jiangsu Lihua Animal Husbandry fair value estimate is CN¥16.31 Jiangsu Lihua Animal Husbandry is estimated to be 28% overvalued based on current share
Lihua Co., Ltd. (300761.SZ): Currently, the company has more than 60,000 basic sows
Gelonghui March 19 丨 Some investors asked Lihua Co., Ltd. (300761.SZ) on the investor interactive platform, “How many basic sows does your company currently keep? “If pig farming continues to lose money this year, will it abandon the pig farming industry?” The company replied that currently the company has more than 60,000 sows. The pig farming industry is one of the company's main businesses, and it will continue to develop steadily in the future.
Lihua Co., Ltd. (300761.SZ): The ban on 101 million restricted shares will be lifted on March 1
On February 27, Ge Longhui Co., Ltd. (300761.SZ) announced an indicative announcement on lifting sales restrictions on issuing shares to specific targets and listing and circulation. The number of shares lifted this time is approximately 101 million shares, accounting for 12.1623% of the company's total share capital. The listing and circulation date for the shares whose sale restrictions have been lifted is March 1, 2024 (Friday).
Is Jiangsu Lihua Animal Husbandry (SZSE:300761) Using Too Much Debt?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' When we think about how
Lihua Co., Ltd. (300761.SZ): January broiler sales revenue of 1,233 million yuan, pork sales revenue of 126 million yuan
On February 7, Ge Longhui Co., Ltd. (300761.SZ) announced that in January 2024, the company sold 43.4098 million broilers (including chicken, butchers and cooked products), with sales revenue of 1,233 billion yuan and an average sales price of 12.97 yuan/kg. The month-on-month changes were 3.54%, 1.82%, and -2.33% respectively, with year-on-year changes of 21.68%, 22.20%, and -2.85% respectively. The company sold 79,000 heads of pork in January 2024, with sales revenue of 126 million yuan. The average sales price of pork pigs was 1,408 yuan/kg. The month-on-month changes were as follows-
Lihua Co., Ltd. (300761.SZ): The company is expected to slaughter 60 million animals in 2024
Gelonghui, February 4, 丨 Lihua Co., Ltd. (300761.SZ) was surveyed by investors on February 1, 2024, on “The development plan for the company's yellow feather chicken slaughter and processing sector?” The company replied that on the basis of the original production capacity of Jiangsu Lihua Foods, as the production capacity of processing projects in Xiangtan, Huizhou, Yangzhou, Tai'an and other places gradually climbs, the company is expected to slaughter 60 million animals in 2024.
Lihua Co., Ltd. (300761.SZ): Currently, the company has a production capacity of more than 120,000 breeding pigs and a production capacity of 1.5 to 1.6 million commercial pigs
Gelonghui, February 4, 丨 Lihua Co., Ltd. (300761.SZ) was surveyed by investors on February 1, 2024, about “What is the cost level of the company's pig farming sector? “24-year release plan?” The company replied that excluding the impact of the epidemic, the full cost of the pig farming sector in 2023 was 16.5-17 yuan/kg; the winter and spring epidemic had a phased impact on costs, causing the full cost to rise in stages to 18 yuan/kg in the fourth quarter. Currently, the company has a production capacity of more than 120,000 breeding pigs and a production capacity of 1.5 to 1.6 million commercial pigs. Currently, there are 60,000 basic sows in stock, and pigs are expected to be produced in 2024
Lihua Co., Ltd. (300761.SZ): The full cost of the company's chicken in the fourth quarter fell to around 6.5 yuan
Gelonghui, February 4, 丨 Lihua Co., Ltd. (300761.SZ) was surveyed by investors on February 1, 2024, about “What is the company's yellow feather chicken breeding cost? Future growth goals?” The company replied that the integrated whole industry chain model is the foundation for the company's yellow feather chicken cost control. Through technological progress and exploration in all aspects, the company's cost competitiveness continued to improve. Coupled with the gradual decline in feed costs in 2023, the company's full cost for chicken was reduced to about 6.5 yuan in the fourth quarter. In recent years, the company has deployed integrated chicken breeding subsidiaries in South China, Southwest China, and Central China. With the growth of newly developed subsidiaries,
Lihua Co., Ltd. (300761.SZ): Pre-loss of 420 million yuan to 490 million yuan in 2023
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, the prices of the main products are under pressure and are expected to occur
Following Recent Decline, Jiangsu Lihua Animal Husbandry Co., Ltd.'s (SZSE:300761) Top Shareholder CEO Cheng Lili Sees Holdings Value Drop by 5.3%
Key Insights Significant insider control over Jiangsu Lihua Animal Husbandry implies vested interests in company growth 52% of the business is held by the top 2 shareholders Institutional ownersh
Lihua Co., Ltd. (300761.SZ): The overall price of feed ingredients fell in 2023, and farming costs showed a downward trend
Gelonghui, January 18 | Lihua Co., Ltd. (300761.SZ) said on the investor interactive platform that the overall price of feed raw materials declined in 2023, and farming costs showed a downward trend.
Lihua Co., Ltd. (300761.SZ): Broiler sales revenue of 1,211 billion yuan in December
Gelonghui, January 8, 丨 Lihua Co., Ltd. (300761.SZ) announced the December 2023 sales report. The company sold 41.19253 million broilers in December 2023, with sales revenue of 1,211 billion yuan. The average sales price of chicken was 13.28 yuan/kg. The month-on-month changes were 5.72%, 4.94%, and -2.57%, respectively. The year-on-year changes were 12.02%, 15.44%, and 0.91%, respectively. The company sold 97,900 pork heads in December 2023, with sales revenue of 141 million yuan. The average sales price of pork pigs was 13.
Benign Growth For Jiangsu Lihua Animal Husbandry Co., Ltd. (SZSE:300761) Underpins Its Share Price
Jiangsu Lihua Animal Husbandry Co., Ltd.'s (SZSE:300761) price-to-sales (or "P/S") ratio of 1.1x might make it look like a buy right now compared to the Food industry in China, where around half of th
China Galaxy Securities: The overall valuation of the agricultural sector is in a historically low range and continues to pay attention to the pace of capacity removal
The overall valuation of the agricultural sector is in a historically low range. Individual stocks recommend focusing on Muyuan shares (002714.SZ) and Wenshi shares (300498.SZ) in pig farming.
Lihua Co., Ltd. (300761.SZ) had broiler sales revenue of 1.154 billion yuan in November, up 2.85% year-on-year
Lihua Co., Ltd. (300761.SZ) disclosed the sales situation in November 2023, and the company's sales in November 2023...
Lihua Co., Ltd. (300761.SZ): The full cost of pigs in a single month fell below 16.5 yuan per kilogram in October
Gelonghui, November 23|Lihua Co., Ltd. (300761.SZ) recently stated during a survey from institutional investors that the company currently lays out pig breeding capacity in regions such as Jiangsu and Anhui, and has adopted a building-pig breeding model in central consumption areas in southern Jiangsu and the Soviet Union. It has built a pig breeding stock with a production capacity of 130,000 heads and an annual production capacity of 1.6 million heads of commercial pigs. From January to October 2023, the company listed nearly 680,000 commercial pigs, an increase of more than 70% over the previous year, and is expected to list 800,000 pigs throughout the year. Currently, more than 60,000 basic sows are kept, laying the foundation for the continued increase in production capacity utilization next year. With the increase in farming performance and capacity utilization
Lihua Co., Ltd. (300761.SZ): The complete cost of yellow feather chicken fell back to 6.5 yuan per catty in October
Gelonghui, November 23|Lihua Co., Ltd. (300761.SZ) recently stated during a survey from institutional investors that while the company is growing steadily, it continues to maintain strong competitiveness on the cost side. The full cost of yellow feather chicken fell back to 6.5 yuan per catty in October.
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