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Costs for 90% of pig enterprises have dropped to the range of 14 yuan: many companies say there is still room for cost reduction. Will profits stabilize next year? | Industry Observation
1. The cost of 90% of the listed pig companies has dropped to the range of 14 yuan per kilogram, including five companies such as Sunlon, Muyuan Foods, and Wens Foodstuff Group, which have dropped to the range of 13 yuan per kilogram; 2. Several listed pig companies have indicated that there is still some room for cost reduction in the fourth quarter and next year; 3. Industry insiders believe that the cost reduction achievements have become a moat for the long-term development of pig companies, helping companies expand their profit margins and enhance their risk resistance capabilities.
Corn seed industry competition intensifies, yuan longping high-tech agriculture Q3 net loss expands by 40% year-on-year | Interpretations
①Yuan Longping High-Tech Agriculture achieved revenue of 0.299 billion yuan in Q3, a decrease of 60.27% year-on-year, with a net loss of 0.587 billion yuan, an increase of 40.49% year-on-year; ②Intensified competition in the corn seed industry is the main factor contributing to the company's revenue decline; ③As of the end of the third quarter, the company's contractual liabilities amounted to 3.87 billion yuan, an increase of 14.8% year-on-year.
Pork prices rise, listed pig companies enter "profit-making mode", beijing dabeinong technology group Q3 enters the peak of annual profit | interpretations
①Supported by the rise in pork prices, Beijing Dabeinong Technology Group expects to achieve a net income of 2.8 billion-3.2 billion yuan in Q3, with a year-on-year growth of 308.4%-338.17%; ②Some industry insiders believe that the breeding sector may continue to maintain reasonable profitability in Q4, and Beijing Dabeinong Technology Group may benefit from the dual tracks of pig production and seed industry performance support.
Xiamen Xiangyu Shipbuilding business is "hot", will re-evaluate and adjust the follow-up cooperation with Delong Nickel Industry | Direct hit earnings conference
①According to the subsequent production and operation of the Delong company, we will re-evaluate and adjust the cooperation with the Delong side. ②The shipbuilding business in Xiamen Xiangyu is "booming", with record high deliveries and production in the first half of the year.
Yuan Longping High-tech Agriculture's H1 turned losses into profits year-on-year, but high operating expenses and debt ratio remain high. The road to "streamlining" still faces challenges. Interpretation of the financial report.
①Yuan Longping High-tech Agriculture achieved a net income of 0.111 billion yuan in the first half of the year, turning losses into profits year-on-year; ②After deducting non-recurring items, the company's losses have expanded, and the investment income generated from the disposal of part of the equity of Yuan Longping Biology in the first half of the year was 0.34 billion yuan; ③During the period, the company's expenses showed a certain increase compared to the same period last year, and the debt ratio increased slightly compared to the end of last year.
Beijing Dabeinong Technology Group reversed its loss to profit in Q2 as the pig cycle rose. The dual tracks of seed and pig may become the performance support point in H2. Interpretation of financial report.
①The upturn of the pig cycle has greatly reduced the losses of Beijing Dabeinong Technology Group in the first half of the year, and turned losses into profits in Q2 single quarter. ②Affected by the overall downturn of the fodder industry, the company's fodder sales volume decreased by 8.92% year-on-year during the reporting period. ③The pig market is expected to remain high in the second half of the year, and the company's seed profits will also be reflected in the second half of the year. The dual-track strategy will bring support to the performance of H2.
Five departments deepen the revitalization of the seed industry. Leading seed companies are expected to see accelerated market share growth.
The People's Bank of China, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission, the Ministry of Finance, and the Ministry of Agriculture and Rural Affairs have issued a notice on learning and using the experience of the "Ten Million Project" and strengthening financial support for the comprehensive revitalization of rural areas. It proposes to deepen seed industry revitalization and agricultural technology financial services, support seed industry enterprises that meet the conditions to go public, list financing, and refinancing.
One picture understanding | The July bull and bear stock list of American stocks is out! The real estate sector is leading the way in anticipating interest rate cuts, with Mohawk Industries up over 40% and D.R. Horton up nearly 30%.
In the first month of the second half of 2024, the three major indexes of US stocks had mixed performances. Affected by the tech giant's correction, the S&P 500 index fell 0.44% and the Nasdaq Composite index fell 3.3%, while the Dow Jones Industrial Average, which is dominated by cyclical stocks, rose 4.15%.
Several "face value delisting" risk stocks rose by the daily limit due to buyback, cooperation, restructuring, and reorganization.
Last night, the stocks with the risk of "face value delisting", such as Nanjing Putian Telecommunications B, Orient Group Incorporation, and Dongguan Kingsun Optoelectronic, which announced buybacks, collaborations, reorganizations, and restructuring, rose to their limit today. Among them, Dongguan Kingsun Optoelectronic announced a buyback plan and signed a strategic cooperation agreement with CW Smart City. The strategic cooperation agreement between Dongguan Kingsun Optoelectronic and CW Smart City is a framework agreement that does not involve specific amounts. The company stated that it cannot yet predict how much business it will bring.
After the suspicion of a large deposit of 1.64 billion yuan, the stock price of Orient Group Incorporation fell below 1 yuan for the first time. Lawyers are collecting investors to protect their rights.
Following the investigation initiated by the China Securities Regulatory Commission, Orient Group Incorporation and related personnel were warned by the Shanghai Stock Exchange. The company's stock price has suffered consecutive heavy losses recently, and it has fallen below the delisting threshold of RMB 1 for the first time today. According to a lawyer who spoke to reporters from Caijing Magazine, "We are currently gathering investors to protect their rights, and we have already collected more than ten investors."
Orient Group Incorporation's deposit of over 1.6 billion is restricted from large withdrawals. Shanghai Stock Exchange quickly sends a letter: Is the fund being embezzled by the controlling shareholder? | Speed reading announcement
1. Orient Group Incorporation announced today that the controlled shareholder Dongfang Finance Company has restrictions on withdrawing deposits exceeding 1.6 billion yuan. 2. The Shanghai Stock Exchange quickly issued a regulatory letter, requesting the company to investigate whether related funds have been embezzled by the controlling shareholder and related parties, whether it constitutes non-operating fund occupation, and etc. 3. Previously, the controlling shareholder of Orient Group failed to repay bank loans within the stipulated period, and Dongfang Group's guarantee was overdue.
“Lianglong” merger contributes to combined corn and rice seed sales growth, Longping Hi-Tech's revenue is approaching the “10 billion mark” | Financial Report Interpretation
① Benefiting from the integration of “Two Dragons”, Longping Hi-Tech's revenue increased dramatically last year, approaching the 10 billion yuan mark for the first time; ② During the reporting period, the company's rice and domestic corn seed revenue increased 36.50% and 72.30%, respectively, and the market share also increased to a certain extent; ③ The company's 8 genetically-modified corn varieties passed the national review during the reporting period, and 1.14 million mu were piloted for industrialization.
The second batch of genetically modified corn and soybean varieties passed the preliminary review and began commercialization of genetically modified genes
On March 19, the official website of the Ministry of Agriculture and Rural Affairs published an announcement on the varieties approved in the first review by the 6th Review Meeting of the 5th National Crop Variety Accreditation Committee. This is the second batch of genetically-modified corn and soybean varieties to pass the initial review after the first batch of 51 genetically-modified corn and soybean varieties passed the national variety certification at the end of 2023.
2024 Central Committee Document No. 1 announced that the biological breeding industry chain is expected to expand and accelerate
① The 12th Central Committee Document No. 1, which has guided the work of the “three rural areas” since the 18th National Congress of the Party, was authorized to be issued by Xinhua News Agency on the 3rd, proposing a “road map” to vigorously and effectively promote comprehensive rural revitalization. ② The Dongguan Securities Research Report predicts that under the guidance of the document, China will continue to promote research on key core agricultural technologies, and genetically modified technology is expected to advance steadily.
Real estate disposal falls short of expectations. Can Oriental Group “save the game” after three consecutive years of heavy losses and potassium extraction from seawater?
① Affected by real estate disposal falling short of expectations, Oriental Group expects a sharp loss of 1 billion to 1.5 billion yuan in 2023 ② Although real estate is dragging down performance, the company's modern agriculture and health food industry achieved certain results. The company's modern agriculture and health food industry achieved loss reduction during the reporting period ③ The new profit point seawater potash project sought by the company is expected to be completed in 2024, and it remains to be seen whether it can “save the situation”
Revenue growth from corn and rice seeds combined with cost reduction and efficiency Longping Hi-Tech is expected to turn a loss into a profit
① Longping Hi-Tech released a performance forecast. The company expects to achieve net profit of 165 million yuan to 225 million yuan in 2023, turning a year-on-year loss into a profit ② The company achieved significant growth in corn and rice seeds during the reporting period ③ The company reduced costs and increased efficiency and improved gross margin contributed to the company's net profit growth
Dabeinong performs “I ate and vomit” and Aonong Biotech went from a “sweet marriage” to a “peaceful break up”
① Due to major changes such as equity freezes in Aonong Biotech's controlling shareholder Aonong, the equity cooperation between Dabinong Biotech and Aonong Biotech was terminated; ② Since December, Aonong Biotech has issued announcements relating to the controlling shareholder's share pledge on three days. The controlling shareholder's pledge ratio has continued to rise. Currently, the pledge ratio is close to 98%;
Oriental Group's performance continues to be sluggish, and can seawater potassium extraction “refine” a new future? |Direct access to the performance meeting
① From 2020 to 2022, Oriental Group's net profit was 240 million yuan, -1,719 million yuan, and -996 million yuan respectively. Performance declined continuously, with a net loss of 103 million yuan in the first three quarters of this year; ② The performance growth points developed by the company, the Haishui Potassium Enhancement Project and the acquisition of United Energy shares are still in progress, and implementation is still to be realized.
The debt ratio is as high as 89%, Wu Youlin, the actual controller of Aonong Biotech, wants to sell big assets to “ask” the old owner Dabeinong to take over?
① Dabeinong plans to obtain no less than 51% of Aonong's investment through capital increases and stock expansion, and Aonong Biotech's actual controller may change; ② Aonong Biotech's balance ratio is as high as 89.41%, of which short-term loans are about 4.51 billion yuan, and total current liabilities are about 11.55 billion yuan, while the monetary capital on the account is only less than 300 million yuan.
Has Dabeinong's acquisition of Jiuding Technology come to an end? In the second trial, the Hunan High Court upheld the original judgment again
① The second trial of Dabeinong's acquisition of Jiuding Technology ushered in a judgment. The Hunan High Court rejected the appeal and upheld the original judgment ② In the third quarter report, Dabeinong has initiated plans for the acquisition of shares in Jiuding Technology and Zhengbang Technology