Recently, the sales data of pig breeding enterprises in March have been disclosed. After excluding some listed pig enterprises with incomplete data disclosure, researchers from Xinhua Finance and Bread Finance took the main listed pig breeding enterprises on the Shanghai and Shenzhen stock exchanges as samples to calculate their pig sales revenue and sales respectively.
Statistics show that in March 2024, pig breeding enterprises will achieve a total sales of 12.2945 million live pigs (excluding Aonong Bio), an increase of 5.99% year-on-year. Among them, Muyuan shares ranked first, with sales of 5.47 million heads, and Wen's shares and New Hope sold more than 1.5 million heads. The sales growth rate of enterprises is differentiated, Shennong Group ranks first with a growth rate of 42.23%, and the sales of Zhenghong Technology and Aonong Biotechnology fell by more than 50% year-on-year.
In terms of revenue, pig breeding enterprises achieved a total income of 20.127 billion yuan in March, an increase of 3.75% year-on-year. In terms of year-on-year growth, most enterprises achieved positive growth, and the growth rate of Jinxinong and Shennong Group exceeded 30%.
In March, the sales volume and income of listed pig enterprises increased year-on-year
According to the data disclosed by the national pig market, the average transaction price of live pigs in the country has been relatively stable since 2024. In March 2024, the average transaction price of live pigs was slightly lower than the same period last year.
Figure 1: The average transaction price of live pigs in China since March 2023
After excluding some enterprises with missing data, in March 2024, 16 pig breeding enterprises achieved a total sales of 12.2945 million live pigs (excluding Aonong Bio), an increase of 5.99% year-on-year. In the same period, the total sales revenue of pig breeding enterprises was 20.127 billion yuan, an increase of 3.75% year-on-year.
Figure 2: Sales volume and revenue of pig breeding enterprises from March 2023 to March 2024
Shennong Group and Jinxinong ranked first in sales year-on-year
In March 2024, the total sales volume of 17 listed pig breeding enterprises reached 12,506,200 heads. Among them, the sales volume of Muyuan shares reached 5.471 million heads, and the sales of Wen's shares and New Hope were 2.6205 million heads and 1.5255 million heads respectively. The sales growth rate of enterprises is differentiated, Shennong Group's growth rate ranks first, and the sales of Zhenghong Technology and Aonong Biotechnology have fallen by more than 50% year-on-year.
Figure 3: Sales ranking of pig breeding companies in March 2024
Shennong Group's sales of commercial pigs in March reached 170,800 heads, with a year-on-year growth rate of 42.23%, ranking first in terms of growth rate. From January to March 2024, the cumulative sales volume of live pigs of Shennong Group reached 496,900 heads, an increase of 40.96% year-on-year, and the sales revenue was 809 million yuan, an increase of 29.44% year-on-year.
In March, the pig sales of 17 companies, Zhonghua Co., Ltd., New Hope, Dongrui Co., Ltd., Tianbang Food, Zhengbang Technology, Aonong Biotechnology, and Zhenghong Technology, declined year-on-year. Among them, Zhenghong Technology sold 3,500 live pigs in March, a year-on-year decrease of 80.18%.
Muyuan sold 5.471 million live pigs and sales revenue of 9.075 billion yuan in March, a year-on-year change of 9.4% and 3.73% respectively.
Jinxinong's sales revenue growth rate ranked first, Zhengbang Technology and Zhenghong Technology fell by more than 50% year-on-year
In March 2024, the total sales revenue of 16 listed pig breeding enterprises reached 20.127 billion yuan (Aonong Biotech did not disclose revenue data). Among them, Muyuan shares, Wen's shares, and New Hope ranked the top three in sales revenue in March, and Dabeinong and Tianbang Food were in the fourth and fifth.
Figure 4: Ranking of sales revenue of pig breeding enterprises in March 2024
On a year-on-year basis, the growth rate of sales revenue of Jinxinong ranked first in March, reaching 60.87%, the sales revenue growth rate of Shennong Group exceeded 30%, and the year-on-year growth rate of sales revenue of six companies including Dongrui Co., Ltd. and Luoniushan in March was negative.
Zhenghong Technology's pig sales in March were 3,500 heads and sales revenue was 70 million yuan, a year-on-year change of -80.18% and -81.02% respectively.
[Read Financial Report] is a column jointly created by Xinhua Finance and Bread Finance with the interpretation of financial reports of listed companies as the main content. Xinhua Finance is a national financial information platform built by Xinhua News Agency, which comprehensively covers the global stock market, foreign exchange market and bond market, and provides authoritative, professional and comprehensive financial information services.
(Article Serial Number: 1780043866821496832)
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