20 A-share listed animal husbandry and feed enterprises reported results, only 4 of them lost money

OA show ('918 '); A-share listed companies reported a total of 20 reported results in 2018, 11 pig feed enterprises, 3 poultry enterprises, 6 additive enterprises, only four pig raising enterprises, namely muyuan, faying, Zhengbang and jinxinnong, lost money in the first half of the year TBN feed pig raising enterprises TBN now many feed enterprises are engaged in pig raising, so feed and pig raising enterprises are classified into one category A total of 11 enterprises have published performance reports, including muyuan, faying, Zhengbang and jinxinnong, four of which have lost money, and the other seven enterprises have made profits Of course, most of the profitable enterprises are profits from other business sectors TBN Wynn shares TBN Wynn shares is expected to make a profit of RMB 850-950 million in the first half of 2018, a decrease of 47.52% - 53.04% over the same period of last year The main reasons are as follows: TBN 1 During the reporting period, the market situation of broilers was good, the average sales price of commercial broilers of the company increased by 58.16% over the same period of last year, and the profit of the company's chicken business increased by 175.43% over the same period of last year TBN 2 During the reporting period, the company's pig business continued to maintain a steady development momentum, and the sales volume of commercial pigs increased by 15.44% year-on-year However, due to the overall downturn of the domestic pig market in March June, the sales price dropped significantly, and the low price lasted for a long time, the industry suffered losses, and the company's pig business was also affected The sales price of commercial pigs fell by 24.06% year-on-year, and the pig business fell by 24.06% year-on-year Compared with the same period last year, the business performance changed from profit to small loss TBN muyuan stock TBN muyuan stock is expected to make a loss of RMB 75-85 million in the first half of 2018, mainly due to the fact that the sales price of pigs in April June 2018 is lower than the originally expected level, resulting in the net profit in January June being lower than the lower limit of the company's previously expected range TBN young eagle farming and animal husbandry TBN young eagle farming and animal husbandry is expected to lose 480-530 million yuan in the first half of 2018, mainly due to: TBN 1 Since the second quarter of 2018, the price of commercial pigs and commercial piglets is lower than expected, making the company's farming business profitability lower than expected TBN 2 In the first quarter of 2018, Shenzhen Zefu agricultural industry investment fund Co., Ltd (limited partnership) (hereinafter referred to as "Shenzhen Zefu") transferred part of the investment shares of Ningbo Shenxing equity investment partnership (limited partnership) (hereinafter referred to as "Ningbo Shenxing") held by it to Pingtan runling investment partnership (limited partnership), which was received in March 2018 The transfer proceeds are recognized TBN Zhengbang technology TBN Zhengbang technology is expected to lose 160-200 million yuan in the first half of 2018, a decrease of 158.22% - 172.78% over the same period of last year The main reasons are as follows: in the second quarter of 2018, the sales price of pig market rebounded less than expected, and the loss of the company's breeding sector is higher than previously expected; TBN 2 In the second quarter of 2018, the company's feed sector adjusted its marketing strategy, resulting in a lower profit than previously expected In the first half of 2018, the net profit attributable to the shareholders of TBN tianbang Co., Ltd was 77.78 million yuan, a decrease of 42.63% over the same period of last year, mainly due to the following reasons: TBN 1 In the market downturn, on the one hand, the company firmly promoted the expansion and layout of breeding scale to realize the scale economy as soon as possible, on the other hand, it paid close attention to reducing the cost and increasing efficiency From January to June 2018, the total cost of pig breeding fell to 11.93 yuan / kg, down 11% from 13.42 yuan / kg in the same period last year TBN 2 In the first half of 2018, the animal vaccine business increased significantly compared with the same period of last year The aquatic feed business continued to make profits, alleviating the pressure of loss in the aquaculture business, and the company as a whole still achieved a half year profit TBN Dabei Nong TBN Dabei Nong is expected to make a profit of 70-120 million yuan in the first half of 2018, down from 77.13% to 86.66% in the same period of last year The main reasons are: TBN 1 In the second quarter of 2018, the market sales price of pigs was lower than expected, and the company's pig business developed rapidly with high initial costs, resulting in a higher loss of pig business than expected TBN 2 Affected by the downstream breeding market and the rising prices of raw materials such as soybean meal, the company's feed sales revenue increased in the first half of 2018, but the growth rate and gross profit level were lower than expected TBN Zhenghong technology TBN Zhenghong technology made a profit of 30-35 million yuan in the first half of 2018 The main reason is that Yueyang Zhengfei Feed Co., Ltd., a wholly-owned subsidiary of TBN company, has the state-owned land use right and the above ground buildings (structures) collected and stored by the government, realizing a profit of about 45 million yuan In the first half of 2018, TBN jinxinnong lost 34.5-38.5 million yuan, a decrease of 154.37% - 160.68% compared with the same period of last year The main reasons are: TBN 1, the overall domestic pig market in March June 2018 continued to be depressed, the sales price dropped significantly, the low price lasted for a long time, and the whole pig breeding industry suffered losses The company's breeding business and important joint-stock breeding enterprises have a large loss At the same time, according to the accounting standards for business enterprises, the company has accrued 7.73 million yuan of provision for the falling price of the inventory of consumptive biological assets on the balance sheet date, which has resulted in the company's breeding business loss of 45 million yuan in the second quarter TBN 2 The company publicly issued convertible corporate bonds on March 9, 2018, and recognized the interest expense according to the actual interest rate and amortized cost during the existence period, affecting the financial expense of 8.12 million yuan in the second quarter TBN comdale TBN Shenzhen comdale is expected to make a profit of 60-75 million yuan in the first half of 2018, an increase of 287.6% - 334.5% over the same period of last year, mainly due to the partial sales of one building in the second phase of Shanhai Shangcheng In the first half of 2018, the profit of TBN LUONIUSHAN was 320-360 million yuan, an increase of 145.40% - 176.07% compared with the same period of last year The main reasons are: TBN 1 In the reporting period, the company's investment in Haikou Rural Commercial Bank Co., Ltd was changed to be accounted by equity method, and it is estimated that the impact on the profits in the first half of 2018 will be 370 million yuan; TBN 2 The income of the real estate development projects carried forward by the company in this period that meet the accounting recognition conditions is significantly lower than that of the same period last year; TBN 3 Although the sales volume of live pigs has increased year on year, the overall profit level has declined due to the continuous decline of the market sales price of live pigs TBN dragon meat TBN dragon meat is expected to make a profit of 85.2458 million yuan – 9 in the first half of 2018, 0.5737 million yuan, down 32% - 36% over the same period of last year, mainly due to the fact that Longda breeding, a subsidiary of TBN, purchased the fattening pig income insurance from Ping An Property Insurance Co., Ltd of China as early as December 2017, covering 200000 fattening pigs, with the insurance period from December 5, 2017 to December 4, 2018 If during the insurance period, the actual price of live pigs (i.e the sum of the average prices of live pigs in Shandong Province published on the website of Shandong Provincial Price Bureau during the insurance period / times of publication) is lower than the target price of 14 yuan / kg, the company will receive economic compensation from the insurance company after the expiration of the insurance period (compensation amount = (14 yuan / kg - actual price of live pigs) / 14 yuan / kg * 260 million yuan) The above insurance measures help to reduce the company's performance decline TBN poultry enterprises TBN poultry enterprises published a total of three performance reports, all of which turned losses into profits TBN Minhe stock TBN Minhe stock is expected to make a profit of 15-20 million yuan in the first half of 2018, mainly due to the good sales price of the company's main products, chicken seedlings TBN Xiantan shares TBN Xiantan shares is expected to make a profit of RMB 820-92 million in the first half of 2018, an increase of 121.31% - 148.30% over the same period of last year The main reason is that the price of chicken products of the company increased more than expected during the reporting period Affected by this, the operating performance of the company in the half year of 2018 has changed compared with the original performance forecast TBN Huaying agriculture TBN Huaying agriculture is expected to make a profit of 50-55 million yuan in the first half of 2018, an increase of 196.44% - 226.08% over the same period of last year, mainly due to the fact that the price of the company's main products duck seedlings is higher than expected, with a large increase compared with the same period of last year; the price of other products is also higher than the same period of last year In the first half of 2018, all the six additive enterprises of TBN made profits, VD3 prices rose, and some B vitamins rebounded It is estimated that the profit of the first half of 2018 will be about 29.2116 million yuan-3, 1.2981 million yuan, an increase of 40% - 50% over the same period of last year, mainly due to the following reasons: in the first half of 2018, the performance of TBN company increased compared with the same period of last year: during the reporting period, the company increased market development, promoted new product sales, and expanded the overall sales scale At the same time, due to the impact of the industry price recovery, the operating revenue of the pharmaceutical sector increased significantly, and the profit increased correspondingly; Feed enzyme plate performance continued to maintain steady growth In the first half of 2018, TBN Xinhe and chengtbn Xinhe and chengtbn are expected to make a profit of 2-2.2 billion yuan, an increase of 245% - 275% over the same period of last year The main reason is that during the reporting period, the company's semi annual net profit did not meet the expectation due to the decrease in the sales price of vitamin E products and the decrease in the gross profit rate of products In the first half of 2018, TBN rip bio is expected to make a profit of 64.62 million yuan-7, 2.24 million yuan, an increase of 15% - 25% over the same period of last year The main reason is that in the first half of 2018, with the rapid expansion of large-scale breeding enterprises and the transformation of market environment brought by the sharp increase of concentration, intensification and intelligence of the breeding industry, the group customer business of the company grew rapidly Meanwhile, through focusing on quality vaccines and veterinary drugs, strengthening cost control and other measures, the company realized the following goals Now we have a good growth in performance TBN Guangji Pharmaceutical Co., Ltd TBN Guangji Pharmaceutical Co., Ltd is expected to make a profit of 110-125 million yuan in the first half of 2018, 116.88% to 146.45% The main reasons are: the sales price of the company's leading products rose in the first quarter, the operating revenue increased by a certain margin compared with the same period of last year, while the cost decreased year on year, and the profit increased by a large margin TBN garden biology TBN garden biology is expected to make a profit of 75.1889 million yuan in the first half of 2018, an increase of 99.50% - 119.45% over the same period of last year The main reason is that the price of vitamin D3 products in this period is significantly higher than that in the same period of last year, and the sales volume of cholesterol is higher than that in the same period of last year, which increases the company's profit TBN Northeast Pharmaceutical TBN Northeast Pharmaceutical is expected to make a profit of RMB 1.0-115 billion in the first half of 2018, an increase of 152% - 190% over the same period of last year The main reason is: compared with the same period of last year, the price of vitamin C products of the company increased, the sales volume of preparations such as bowel preparation, Zuka injection and sodium phosphate increased, and the corresponding gross profit increased TBN (this paper is compiled by China feed industry information network from the half year performance forecast of major companies) TBN (author: Ruonan)