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On October 15th, Wen's Co.
Wen's shares said that due to the continuous decline in domestic pig prices, the pig industry fell into a full loss in the third quarter, coupled with the continuous increase in the price of feed ingredients, the company's slaughter pigs included purchases of seedlings for fattening pigs, disposal of low-efficiency breeding pigs and other factors Pushing up the cost of pig raising, the company's pig raising business experienced deep losses in the first three quarters
However, Wen's shares also stated that during the reporting period, it has improved the quality of sows in stock, and the reproductive performance of sows has continued to improve.
In terms of poultry farming, during the reporting period, Wen’s shares sold 788 million broilers including hairy chickens, fresh products and cooked foods, a year-on-year increase of 2.
Wen's shares stated that the overall situation of the poultry industry has improved in the first three quarters, and the sales price of live poultry has risen compared with the same period last year
In addition, in accordance with the requirements of corporate accounting standards and prudence, Wen's shares have conducted impairment tests on the current inventory of consumable biological assets according to the principle of the lower of cost and net realizable value, and withdrew inventory depreciation reserves, which also affected performance Change
