The canon special giant weekly event will take you to understand the dynamics of breeding enterprises for a week.
Aonong Biotech and its controlling shareholders were applied for pre-reorganization by creditors; Muyuan, New Hope, and Dongrui announced their expected capital expenditures this year, which may drop by more than 30% year-on-year; and Wen's shares plan to terminate the construction of two farming communities in Anhui and Hubei, with a total investment of about 194 million yuan......
Aonong Bio: The company was applied for pre-reorganization by creditors, and the stock may be subject to delisting risk warning
On the evening of February 2, Aonong Biotech announced that the company received the "Notice" from the creditor Fujian Dazhou Construction Group Co., Ltd. (hereinafter referred to as "Dazhou Group"), because the company failed to pay off the due debts on time and obviously lacked solvency, Dazhou Group has submitted materials to the people's court to apply for pre-reorganization of the company.
At the same time, Zhangzhou Aonong Investment Co., Ltd., the controlling shareholder of Aonong Biotech, received the Notice from the creditor Dazhou Group, and because Aonong Investment failed to repay its due debts on time and obviously lacked solvency, Dazhou Group had also submitted materials to the people's court to apply for the reorganization of Aonong Investment.
Aonong Biotech said that as of the disclosure date of this announcement, the company has not received the documents from the court to initiate the pre-reorganization or accept the reorganization application.
There are significant uncertainties as to whether the applicant's application can be accepted by the court, whether the company will enter the pre-reorganization or reorganization procedure in the future, and whether Aonong Investment will enter the reorganization procedure, which may have an impact on the company's shareholding structure.
Aonong Investment holds a total of 266 million shares of Aonong Biotech, accounting for 30.58% of the total share capital of the listed company, of which the number of pledged shares is 260 million shares, accounting for 97.73% of its shares, and the number of frozen shares is 266 million shares, accounting for 100% of its shares.
According to the 2023 annual performance forecast of Aonong Biotech, the company expects a net profit loss of 3 billion yuan to 3.6 billion yuan attributable to the parent company in 2023, a loss for three consecutive years, and the net assets at the end of 2023 are expected to be negative, and the company's shares will be subject to delisting risk warning after the disclosure of the 2023 annual report.
Affected by this, the share price of Aonong Biotech has started to fall continuously since January 31, and has closed at the fall limit for three consecutive trading days until February 2. On the evening of the 2nd, Aonong Biotech also issued an announcement on stock fluctuations.
Muyuan shares: will reasonably plan the level of capital expenditure, this year's annual expenditure will be about 8 billion yuan According to the announcement of Muyuan shares on January 31, in 2023, Muyuan is expected to lose 3.9 billion to 4.7 billion yuan in net profit attributable to the parent company, which is the first annual loss since listing. Among them, the slaughtering business slaughtered a total of 13.26 million pigs throughout the year, with an average loss of 70 yuan/head.
Muyuan said that in the face of the current external market situation, the company will reasonably control the pace of production and operation, plan the level of capital expenditure, continue to reduce costs, and improve the overall quality of development. At the same time, the company currently has sufficient capital reserves, and also maintains a stable cooperative relationship with banks on the financing side, which can ensure the safety and stability of cash flow.
The company's annual capital expenditure in 2023 will be 16 billion to 17 billion yuan. This year's annual capital expenditure is expected to be about 8 billion yuan, of which, the slaughterhouse construction expenditure is expected to be about 700 million yuan, and the maintenance and upgrading of fixed assets is expected to be 2 billion yuan to 3 billion yuan. As of the end of December 2023, the production capacity of herding pigs is about 80 million heads/year.
New Hope: Capital expenditure this year may be reduced to 2 billion yuan According to New Hope's announcement on January 31, the company is expected to have a profit attributable to the parent of about 300 million yuan in 2023, of which the introduction of strategic investment in white feather meat and poultry and food deep processing business will affect the increase in net profit attributable to the parent company, with an impact amount of about 5.1 billion yuan to 5.2 billion yuan, and the non-net profit will still be in a loss state. New Hope said that the overall industry in 2023 is very difficult, the company has made adjustments to the layout of related industries according to the strategic deployment at the beginning of the year, the feed business has maintained good profit growth, and the pig business has also made significant improvements in cost. The annual feed sales volume in 2023 will be 28.76 million tons, a slight increase in total compared with 22 years, and the profit attributable to the parent company will be about 1.5 billion, a year-on-year increase of 9%.
New Hope's annual pig sales in 2023 will be 17.68 million (including about 10% of piglets), a year-on-year increase of 20%, and the cost of fat pigs slaughtered in the operating farm line has decreased quarter by quarter, from 17.4 yuan/kg in the first quarter to nearly 15.8 yuan/kg in the fourth quarter, a decrease of 1.6 yuan/kg, and the gap with excellent peers is narrowing. Among them, the cost of the Central South Column in December has dropped to 14.6-14.7 yuan/kg.
In terms of capital expenditure, New Hope expects to be about 2 billion yuan in 2024 (3.5-4 billion yuan in 2023), which will be used for the completion of some projects and the transformation and upgrading of some pig farms, such as for breeding farms and fattening pigs, and the transformation of ventilation systems in some high-epidemic areas, which will help improve breeding performance.
Dawnrays shares: This year's capital expenditure may be reduced by more than three percent According to the record table of investor research and relations activities, the net profit attributable to the parent company of Dawnrays shares in 2023 will be a loss of 4.8-540 million yuan, and a profit of 42.9122 million yuan in the same period in 2022. Dawnrays said that the company's capital expenditure in 2023 will be about 941 million yuan. Capital expenditure will be further reduced in 2024 and is expected to be $500 million to $600 million. In terms of funding, as of the end of 2023, the company's cash balance is about 1.2 billion yuan. The company's asset-liability ratio is at a low level in the same industry. The company maintains a good long-term cooperative relationship with a number of banks, and the bank loan credit line is sufficient, the amount of loan repayment due during the year is not much, the current cash flow is relatively abundant and stable, and the company completed the private placement project in December 2023, with a net amount of 911 million yuan of raised funds.
The number of sows that can reproduce at the end of 2023 will be about 45,000, and it is expected to reach 70,000 in 2024. In 2023, the average full cost of normal business sites for the whole year is 17.8 yuan/kg. The full cost target for 2024 is 16 yuan/kg. Wen's shares: plans to terminate the construction of two farming communities in Anhui and Hubei Wen's shares announced on February 1 that it intends to terminate part of the raised funds to invest in Chuzhou Wen's Animal Husbandry Co., Ltd. Fanggang Breeding Community, Honghu Wen's Animal Husbandry Co., Ltd. Big Tree Breeding Community. The total investment of the two communities is 193.95 million yuan, and a total of 180,000 pigs can be listed annually after completion. The company intends to terminate the construction of Chuzhou Wen's Animal Husbandry Co., Ltd. Fanggang breeding community, mainly affected by changes in the market environment, the company has adjusted the regional production plan in Anhui, and the existing local breeding community and the number of farmers have been able to meet the needs of full production.
The company plans to terminate the construction of Honghu Wen's Animal Husbandry Co., Ltd. large tree breeding community, mainly affected by changes in the market environment, the company has adjusted the production plan in Hubei region, and the existing resources have been able to basically meet the local demand;
Therefore, the company intends to terminate the above-mentioned fund-raising projects, adjust the development and layout of the pig breeding business in Anhui and Hubei, and use its own funds for construction when necessary.
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【WeChat Editor】Meng Xuan
【Content Writing】Liu Weiheng
【Data Mapping】Liu Weiheng
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