Sales volume and sales revenue of domestic listed hog enterprises both increased more than 13% over the past two months

By CnAgri2017-03-24 09:15:58 Print
Domestic hog prices have dropped to 15.76yuan/kg from 17.80yuan/kg before the Spring Festival, and the profits of hogs propagated and raised by oneself decreased to 470yuan/head.

Under the situation that average profit per hog has decreased, nine domestic listed hog enterprises increased hog production and maintained stronger profitability by virtue of scale advantage in the first two months of 2017. In Jan. and Feb., their total production of hogs reached 4.413 million head, increasing 13.6% year on year; total revenue was 8.27 billion yuan, increasing 13.4% year on year; calculated on average breeding profit of the society, these companies got a profit of 2.07 billion yuan.

Among that, the sales volume and sales revenue of hogs of Muyuan Foodstuff Co., Ltd. respectively increased 153% and 113% year on year, sharp growth of hog production came from the operation of previous capacity, so it profits realized snowball growth.

We think that with the upgrading of domestic hog industry in the future, hog breeding profit will return to a rational level, breeding efficiency and volume will become the core competitiveness of hog enterprises.