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30

2022

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08

China's Poultry Enterprises Suffered Large Losses, and Only Three Made Profits in the H1

Source:

International Livestock Network, OIG+X

As of today, China's poultry listed enterprises Fujian Sunner Group, Shandong Yisheng, Shandong Minhe, Jiangsu Yike, etc. have all announced their performance reports for the first half of 2022. In the first half of the year, the poultry industry suffered a large loss. Only three enterprises made profits, with a maximum loss of 370 million yuan.

 

As of today, China's poultry listed enterprises Fujian Sunner Group, Shandong Yisheng, Shandong Minhe, Jiangsu Yike, etc. have all announced their performance reports for the first half of 2022. In the first half of the year, the poultry industry suffered a large loss. Only three enterprises made profits, with a maximum loss of 370 million yuan.

 

In the performance report, the young chicks and broiler breeding sector suffered a lot of losses. Poultry consumption such as Chunxue, Xiantan and Yike were not affected by the chicken cycle, while Fengxiang and Sunner broiler industry integration enterprises were not happy. With the end of the off-season, the second half of the year is the harvest period for poultry enterprises, and the losses of enterprises will be reduced.

 

-Sunner lost nearly 100 million yuan in H1 and predicted that the chicken price would improve next year.

 

According to the semi annual report of 2022 issued by Sunner, during the reporting period, the company has always adhered to the strategy of simultaneous development of cooked food + raw food, deepened management improvement, strengthened cost control, carried out feed formula replacement and other construction, and achieved obvious competitive advantages in the industry over the same period of last year.

 

In the first half of 2022, the company realized an overall revenue of 7.527 billion yuan, an increase of 11.16% over the same period of the previous year. The net profit attributable to the shareholders of the listed company was 98.7955 million yuan, and the YoY profit was turned into loss; among them, the revenue of the aquaculture sector was 5.748 billion yuan, an increase of 3.07% over the same period of the previous year; the revenue of the food deep processing sector was 2.928 billion yuan, an increase of 18.69% YoY; In terms of sales volume, the sales volume of chicken in the aquaculture sector was 535,400 tons, an increase of 8.53% YoY; The sales volume of food deep processing products was 119900 tons, an increase of 1.78% YoY.

 

In the semi annual report, Sunner development predicted that the superposition of multiple factors would drive the chicken price to rise in the second half of the year, and the overall market of the whole industry in the H2 would be better than that in the H1,  and the overall market of next year would be better than this year.