Summary
[Wen’s shares: It is expected that costs will return to normal in the fourth quarter of this year. Some production indicators in the first half of this year are close to non-pre-pandemic levels.]Wen’s (300498) held a conference call yesterday and revealed that the company’s pig production in the first half of the year had a significant turning point, and some production indicators were close to non- Before the epidemic, production has improved overall. In general, there is no significant adjustment to the slaughter target for this year and next year, about 11-12 million heads this year, and about 18-20 million heads next year. The company’s existing production capacity can meet the development needs of this year and next, and there is no need for large-scale capital expenditures for the time being. In terms of cost, the current cost is a periodical abnormal fluctuation. The company suspended the outsourcing of piglets in May, and it is expected that the cost will return to normal in the fourth quarter of this year. (Securities Times)
Wen’s shares(300498) A conference call held yesterday revealed that in the first half of the year, the company’s pig production had a significant turning point, and some production indicators were close to the pre-pest level, and production had improved in an all-round way. In general, there is no significant adjustment to the slaughter target for this year and next year, about 11-12 million heads this year, and about 18-20 million heads next year. The company’s existing production capacity can meet the development needs of this year and next, and there is no need for large-scale capital expenditures for the time being. In terms of cost, the current cost is a periodical abnormal fluctuation. The company suspended the outsourcing of piglets in May, and it is expected that the cost will return to normal in the fourth quarter of this year.
(Source: Securities Times)
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