When will the day when the chickens lose money and the pig loses Wen's shares will lose...

It has not yet recovered from the chicken business that suffered a heavy loss last year.

The pig business has become a big loss

Wen's shares both raise chickens and pigs, and undoubtedly have a broader business space than competitors of the same type

The company stated that its main business is the breeding and sales of broilers and pigs

In the first half of this year, the business that caused the huge loss of Wen's shares has become pig farming

Large fluctuations in the chicken business

At the same time, as far as Wen's shares are concerned, the current chicken business is "unpredictable

The company said in its financial report that price fluctuations will cause mood changes on the poultry farming side

In the long run, the overall production capacity of the broiler industry is sufficient, and the market will be greatly affected by price fluctuations

In response to the development of the chicken business, Wen's shares also stated in the financial report that when the chicken market is booming, the company signs a chicken sales contract to lock in prices and accelerate the sales of chickens

When will the pig's losses end?

It is worth noting that the average sales price of live pigs given by Wen's semi-annual performance report is 23.

Wen's shares stated that in order to increase the utilization rate of production capacity, the company purchased part of the piglet for fattening from the second half of last year to the beginning of the year

At present, related enterprises and farmers that breed and raise pigs are also losing money

In addition, the downturn in the pig industry continues, and it is still unknown when it will bottom out

It is worth noting that Wen's shares are also facing greater debt pressure

At the same time of performance loss, the debt pressure is even more serious.