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Tecon Biology's Pig Sales Revenue Jumps 15% in October
Tiankang Biology: Briefing on pig sales in October 2024
Express News | Tecon Biology Co. Ltd: hog sale revenue in October was 0.471 billion yuan
Express News | Galaxy Securities: The current round of farming profits is expected to exceed market expectations, suggesting an active layout of the hog farming sector.
Express News | Ninety percent of the listed pig enterprises have their costs entering the range of 14 yuan per kilogram, and there is still room to reduce costs next year.
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.
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