Chicken prices under pressure In the first 3 quarters, Shandong two listed chicken companies net profit fell.

Since the beginning of this year, the performance of listed poultry farming companies has dropped significantly due to the double decline in chicken demand and prices.
The evening of October 14th, Minhe Shares (002234), the first listed company in the white feather chicken industry, released its first three-quarter 2020 earnings forecast, with net profit for the first three quarters of 70 million yuan to 90 million yuan, down 92.81 percent year-on-year to 94.41 percent.
same time, another A-share poultry breeding company, Sendan (002746), reported a 49.26 per cent year-on-year decline in net profit in the first three quarters.
results forecast, Minhe shares reported a net loss of 142 million yuan to 162 million yuan in the third quarter, down 137.11 percent year-on-year to 142.33 percent.
For the decline in performance, Min and shares said that due to the first three quarters of the company's main products on behalf of chicken seedling sales prices have a relatively large decline year-on-year;
the decline was evident in the first half of this year, as the majority of revenue from the sale of chicken seedlings was significantly influenced by supply and demand and market prices.
first half of this year, Min and shares realized operating income of 902 million yuan, down 42.29% YoY, and net profit of 232 million yuan, down 73.26% YoY.
pointed out that the main reason for the decline in earnings during the reporting period was a larger decline in the sale price of chicken seedlings for the main products, lower revenue and lower gross margin.
, chick gross margin decreased by 26.39 percent year-on-year.
of the 14th, Xiantan shares issued a three-quarter report, the decline in net profit is obvious.
revenue for the first three quarters was RMB2,377 million, down 4.44% YoY, while net profit was RMB328 million, down 49.26% YoY.
the main products of the White Feather chicken products and commodities on behalf of the White Feather Broiler.
of listed companies in The United States has fallen sharply, the secondary market share price is naturally difficult to improve.
data showed that the chicken industry index fell after reaching a phased high on August 24th, falling more than 20 per cent in more than a month.
At the same time, the share prices of the 11 listed companies in the sector have fallen in the past three months, with five companies, including Probiotic, Minhe, San Nong Development, Xiangjia and Wenshi, all down more than 20% over the same period.
fell 1.6 per cent in August, the first decline in nearly three years, according to the Office for National Statistics.
12, the price of domestic white feather broiler chicken continued to fall to 2.95 yuan per kilogram, or 18.96 percent, from 3.64 yuan per kilogram at the beginning of September, according to the data.
other hand, from the poultry listed companies monthly operating conditions, can also spy on the industry cold and warm.
On the evening of October 9th, Xiantan announced that it had achieved sales revenue of 256 million yuan and sales volume of 294,000 tons of chicken products in September, with year-on-year changes of -14.01 percent and 10.56 percent, respectively, and month-on-month changes of -5.61 percent and -3.92 percent, respectively.
and shares previously announced that sales of chicken seedlings in September 27.1757 million, a year-on-year change of 8.33%, month-on-month change -1.97%;
For the future trend of chicken prices, Zhuo Tsun information analyst Sun Yanan said that in mid-to-late September due to the continued decline in chicken prices, some small and medium-sized hatchery enterprises to reduce the number of seedlings, farmers to reduce the number of filling columns, the number of wool chickens is expected to decline at the end of this month and early November, in short, the supply of wool chickens in mid-to-late October is still not reduced, chicken price rebound space is extremely limited.
Fangzheng Securities Research Report believes that in the short term, after the festival demand gradually rebounded, is expected to lead to a rebound in chicken prices, in the medium term, the current breeding and breeding links in a deep loss-making state, integrated slaughtering enterprises basic break-even, this pattern will exacerbate the industry to become more.
.