The price of hairy pigs hovered at 8.5, and the market seemed calm, but in fact it was already surging.
The half-year answer sheet of listed pig enterprises should be submitted, Makihara has submitted the papers, Zhengbang and Wenshi will be postponed, and today's Aonong and Superstar announced the answers.
It's similar to our school exams, and those with good grades tend to submit papers early. But in the first half of this year, the pig industry lost money, so it doesn't matter if you make money or lose, this time it depends on who loses less, who has more money on the account, who is more favored by capital.
Figure 1 Net profit attributable to mothers of some listed pig enterprises from 20219 to June 2023
1. Historical data, Aonong has been in a loss state since 2022, Superstar has a small profit in the second half of 2022, and Makihara's profit in the second half of 2022 is more obvious, year-on-year, second only to the second half of 2020.
2. According to the data, in the first half of this year, Makihara lost 2.779 billion yuan, Aonong lost 800 million yuan, and Superstar lost 348 million yuan, but compared with last year's output and loss range, Makihara was in a state of loss-reduction.
Figure 2 Year-on-year net profit attributable to mothers of some listed pig enterprises from 2022 to June 2023
In the first half of this year, the slaughter volume of most enterprises increased sharply year-on-year, and in the context of this year's pig price loss, one head out and one loss. However, Makihara's slaughter volume in the first half of 2023 was similar year-on-year, pig prices were similar, and net profit fell by 58% year-on-year, which was mainly due to the decline in its costs.
At present, the pig price is 8.5 yuan, and there is no doubt that some listed pig enterprises are still losing.
Fig. 3 Sows that can turn from 2021 to July 2023 are increased or decreased month-on-month
With high production capacity and the latest pig prices showing more than 42 million pigs, pig prices in the first half of 2023 are still difficult to optimistic about. Therefore, the preparation of sufficient funds for listed pig enterprises is the key to tide over the trough of the pig cycle.
According to the data of listed companies, at the end of June 2023, the monetary funds of Aonong Biotech were 374 million, the lowest level in recent years.
Finally, let's summarize a picture and feel the current pressure of listed pig enterprises.