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The pig raising business dragged down, Haida Group's third quarter net profit fell by more than...

 Last Update: 2021-11-03
 Source: Internet
 Author: User

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On October 19, Haida Group released the report for the third quarter of 2021, achieving operating income of 26.

Haida Group stated that in the third quarter of 2021, the cyclical supply of pig farming after the impact of African swine fever has increased significantly, and the price has fallen; poultry farming has been sluggish for more than 20 months, and it is still in the stage of reducing production capacity and reducing stocks

In the third quarter, Haida Group produced about 550,000 pigs for slaughter and lost about 700 million yuan in net profit, which had an impact on overall performance

Excluding the pig breeding business, Haida Group’s other businesses achieved a net profit of approximately 914 million yuan in the third quarter, a year-on-year increase of 21% on the same caliber.

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