Home » Haid Group lost 900 million to 1 billion yuan by selling 2 million pigs last year_Oriental Fortune Net

Haid Group lost 900 million to 1 billion yuan by selling 2 million pigs last year_Oriental Fortune Net

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Hog prices at low levels in 2021, still exploring opportunities for hog farming businessHaid Groupalso affected.

On the afternoon of February 25th,Haid Group(002311, SZ; previous closing price of 65.7 yuan) released 2021performanceLetters, expected company 2021Operating incomeIt was 86.740 billion yuan, a year-on-year increase of 43.79%;net profitIt was 1.601 billion yuan, a year-on-year decrease of 36.54%; the basic earnings per share was 0.97 yuan, a year-on-year decrease of 39.38%.

“Daily Economic News” reporters found that,Haid GroupThere are two reasons for the fluctuation of net profit in 2021, one is the loss of poultry and pig breeding, and the other is the high increase in the company’s staff costs and financial expenses. Among them, Haid Group sold 2 million live pigs last year, with a loss of 900 million to 1 billion yuan; more than 7,000 new employees were added throughout the year, and employee salaries and other expenses increased by more than 40% year-on-year; at the same time, financial expenses increased by about 70%.

in May last yearshareholderAt the exchange meeting, Xue Hua, chairman of Haid Group, once said that in the future, the company’s feed business will be the core, followed by seedlings and animal health care. The breeding business belongs to the “seed business” and will be determined, but will not take risks.

  Net profit drops for the first time in seven years

In the context of maintaining 7 years of continuous net profit growth, in 2021, Haid Group will be dragged down by the pig breeding business, and indicators such as operating profit and net profit attributable to the mother will decline. Compared with 2.46 billion yuan in 2020, the decline rate reached 38.09%; the net profit attributable to the parent was 1.601 billion yuan, a decline of 36.54%; both fell back to the 2019 level.

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The pig breeding business had a greater impact on the net profit of Haid Group last year. Haid Group disclosed in its performance report that in 2021, the company will sell about 2 million live pigs, of which about 1.3 million piglets are purchased, accounting for more than 60% of the total number of pigs. At the same time, due to the high price of purchased piglets at the beginning of the year, the low price of fat pigs and large losses in the second half of the year, the net profit loss attributable to the parent company of the pig breeding operation for the whole year was between 900 million and 1 billion yuan, which has a negative impact on the company’s overall operating performance. Greater impact.

Haid Group entered the pig breeding sector around 2010, but its development has been cautious. In recent years, the scale of its pig breeding sector has grown significantly. Among them, in 2019, the live pig business achieved sales revenue of 1.371 billion yuan, a year-on-year increase of 53.36%; in 2020, the live pig breeding business achieved revenue of 3.794 billion yuan, a year-on-year increase of 175.46%, and the number of live pigs sold in that year was close to 1 million. Judging from the data in 2021, the slaughter volume has doubled.

However, as a leader in the field of feed, Haid Group’s annual feed sales in 2021 will be about 18.77 million tons (excluding 860,000 tons of internal breeding consumption), a year-on-year increase of 28%; at the same time, the annual operating income will be 86.74 billion yuan, a year-on-year increase. 43.79%, a record high. In the performance report, Haid Group stated that the company’s feed sales scale and product comprehensive competitiveness have grown steadily.

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In fact, for feed sales, Haid Group previously set a target of 40 million tons by 2025. Therefore, in the whole year of 2021, Haid Group’s employees will increase by more than 7,000, a year-on-year increase of 28%. The company’s annual employee compensation and other related expenses increased by more than 40% year-on-year.At the same time, due to the expansion of scale, the amount of borrowing increased, and domestic loansinterest rateDue to the increase and other reasons, the financial expenses of Haid Group increased by about 70%.

  Exploring a better farming model

At present, Haid Group has not disclosed the details of its sales in 2021. From the disclosure of Haid Group’s 2020 annual report, its feed sales are 48.765 billion yuan, accounting for 80.84%;agricultural productsSales of 6.368 billion yuan, accounting for 10.56%, including seedling business, pig breeding, poultry industry chain business and aquaculture business income; in addition, animal health products sales of 665 million yuan, accounting for 1.10%.

Regarding the pig breeding plan in 2022, at the investor exchange meeting in July 2021, Haid Group stated that while developing the breeding business, the company has also been thinking about the appropriate breeding scale and the breeding model. The best, “At present, the company is also exploring and learning from a better breeding model, and in the future, it will use the better breeding model to realize the strategic planning of the company’s pig breeding business.”

May 20, 2021, in the yearShareholders’ meetingLater, Haid Group also held a shareholder exchange meeting, and reporters from “Daily Economic News” also participated as shareholders. At that time, Xue Hua, chairman of Haid Group, introduced that in the next five years, the company’s feed business will be the leader and the core, followed by seedlings and animal protection.

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Xue Hua said that the company’s feed business has certain advantages in the industry, and the development momentum is good. The seedlings and animal protection have established a foundation, and the three have formed a “trinity” relationship. The ultimate goal is to establish the company’s overall advantages.

On the afternoon of February 25, the reporter also contacted the secretary of the board of directors of Haid Group, but failed to conduct further interviews.

(Article source: Daily Economic News)

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