Wen's, Saint-Agriculture, Ao Nong these three agricultural and animal husbandry enterprises 2020 half-year results, revealed what.

With listed companies have announced the first half of 2020 earnings report, some people are happy and worried! What about the recent release of three earnings reports from Wen, Aon and Saint-Agriculture, representing three companies in the pig, feed and poultry sectors? What kind of information was disclosed? Wen's: pig rising chicken down, net profit growth 2 times first look at the former pig boss Wen's, from the beginning of 2020 the monthly pig out of the original pastoral has far exceeded Wen's steady head chair, and from July this year, Zhengbang pig out of the column volume Also overtook Wen's leap to second place, in the face of such a good pig prices and Wen's declining pig out of the column, we can not help but draw a question mark on Wen's half-yearly report? On the evening of August 19, Wen's shares released the 2020 semi-annual report.
reporting period, the company achieved operating income of RMB35,957 million, up 18.20% YoY, and net profit of RMB4,153 million, up 200.33% YoY.
the same time, the company announced the medium-term distribution plan, to all shareholders for every 10 shares found gold dividends of 3 yuan (including tax), a total of 1,912 million yuan of gold dividends.
In terms of specific business sectors, Wen's sales of 4.8658 million pigs (including pigs and fresh products) in the first half of the year resulted in a gross margin of 38.39%, up 31.69 percentage points from 6.70% a year earlier; Food), sales of duck meat (including duck and fresh products) 24.3327 million, poultry business operating costs rose sharply, gross margin of -10.99%, a sharp decline of 25.35% YoY;
Wen's first half of the number of pigs out of the column is only 4.8658 million, compared with the same period in 2019 11.774 million head, down 59%, in sharp contrast to the pasture, New Hope Six and Zhengbang's upward trend, which Wen's monthly sales briefing claimed to be the result of increased efforts to retain seeding, reduced seeding.
thanks to this year's high pig prices, which have increased gross margins by 32% year-on-year, despite a nearly 60% reduction in the number.
affected by large losses in the industry, the gross margin of the poultry sector, one of the main businesses, was -10.99 percent, dragging down the gross profit for the first half of the year and eventually achieving a double increase in the net profit attributable to the parent company.
figure is still much smaller than that of pure pig-breeding enterprises such as Makhara, Zhengbang, Tianbang, Jinxinnon and Tang God.
Sannon: net profit shrunk by 300 million in six months, one-stop enterprises are also difficult to stand alone as a one-stop enterprise in the broiler industry, business involves all links from chicken to food, because the industrial chain is longer, can better resist cyclical risks, profits are more stable.
's operating income and home-made net profit both fell to 6.500 billion yuan and 1.332 billion yuan in the first half of this year, down 0.82 percent and 19.40 percent year-on-year, respectively, according to the company's 2020 half-year results.
that this year's net profit is 320 million yuan less than the same period last year.
company reported revenue of RMB2,986 million in the first quarter, down 3.19% YoY, and net profit attributable to 701 million yuan, up 7.34% YoY.
reported revenue of RMB3.514 billion in the second quarter of this year, up 1.29% YoY, while net profit attributable to the company was RMB631 million, down 36.86 percent YoY.
Under the impact of the epidemic and the decline in chicken market prices in the first half of 2020, the sales price of the main chicken business of Saint-Agriculture Development was forced to fall into a month-by-month downward trend, from 143 million yuan/tonne in January to 108 million yuan/tonne in June, a cumulative decline of more than 24%.
Despite an increase in sales of farm chicken, from 52,000 tonnes in January to 879,000 tonnes in May, and 844,000 tonnes in the year to June, up 62.31 per cent from January, it is still difficult to recover the overall slump.
, which is also a chicken-breeding company, reported a half-year net profit of 279 million yuan, down 30.82 percent from last year.
yisheng shares have not yet announced the half-year results report, but from its earnings forecast, net profit also fell by more than 70%.
Ao Agricultural Biology: Pig and poultry materials each accounted for half of the mountain, the first half of the net profit doubled 14 times on the evening of August 19, Fujian Ao Nong Bio released the 2020 semi-annual report, the first half of the operating income of 4,088 million yuan, an increase of 50.8%;
Ao Nong Bio is a 9-year-old feed enterprise, listed only 3 years, from 2014 began to develop pig business, once pig material accounted for 90%, and in the first half of this year feed sales of 8519 million tons, pork and chicken material accounted for 44% each, pig feed sales 37. 580,000 tons, down 34.13% YoY; poultry sales were 37.8 million tons, up 189.11% YoY; and sales of other materials (aquatic materials, ruminants and others) were 982,000 tons, up 141.70% YoY.
Although feed sales increased by 14.83% YoY in the first half of the year, the overall gross margin was still down 6.19% due to low chicken profits, driven by the rapid increase in chicken stock, but the pig-breeding sector achieved encouraging results and price increases, and the first half achieved pig farming revenue of 126 , 3.8113 million yuan, an increase of 263.33 percent over the same period last year, and 444.5 million pigs, an increase of 31.71 percent over the same period last year, mainly due to the expansion of the scale of breeding and the same increase in the market price of pigs.
the high price of pigs, the gross margin of the aquaculture business was 56.00%, an increase of 40.92 percentage points over the same period last year.
at the end of the reporting period, the company had 509,500 pigs in storage, an increase of 87.04% over June 2019, of which about 160,000 were in the sow column (including breeding sows and reserve sows).
such as Haida Group, is also a feed-based agriculture and animal husbandry industry, the same first half of the pig material fell 17% while poultry material increased by 32%, the first half of the net profit increased by 63.82 percent year-on-year.
Small conclusion: from these three businesses focus on different agricultural and animal husbandry enterprises, pig farming enterprises harvest, chicken enterprises greatly shrunk, feed enterprises mostly involved in pig farming, also good, pig material overall has a late decline with the increase in pig farming and gradually recover, most enterprises increased significantly, but the profit is generally low.
the latest statistics from the Ministry of Agriculture and Rural Affairs, the total feed output in July 2020 was 21.9 million tons, an increase of 7.3% month-on-month and 16.0% year-on-year.
feed production reached a near three-year high in July, higher than the monthly average since 2017.
from the point of view of each species, poultry, aquatic materials and ruminants are increased month-on-month, but also to some extent reflects the gradual recovery of the aquaculture industry.
also from pig farming data, the national pig storage column increased by 4.8% month-on-month in July, the six consecutive months of growth, an increase of 13.1% year-on-year.
this is the first year-on-year increase in pig storage since April 2018 and another important inflection point in the recovery of pig production capacity following the year-on-year increase in sow storage in June.
, the number of sows in July increased by 4.0% month-on-month, the 10th consecutive month of growth, up 20.3% year-on-year.
, however, in the first half of 2020 there were 251.03 million pigs out of the country, down 62.43 million, or 19.9 percent, from a year earlier, meaning there is still a certain gap in the supply of pigs.
, according to China's previous "pig cycle" law, because autumn and winter is the peak season for pork consumption, the city in the face of pork demand often only increased.
The National Bureau of Statistics also said that because the supply of pigs is still in a tight balance, pig prices will continue to run high for some time.
this year, all pig-related enterprises, is still a golden period to make money.
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