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    Home > Active Ingredient News > Feed Industry News > China Grain and Oil: Will develop feed business, link upstream and downstream to build the entire industrial chain

    China Grain and Oil: Will develop feed business, link upstream and downstream to build the entire industrial chain

    • Last Update: 2020-05-28
    • Source: Internet
    • Author: User
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    introduction:Yu Xubo, chairman and executive director of China Grain and Oil (00606), told the media that he hoped that in the future he would improve the profit performance of investment assets and improve its financial situation, but also to develop the feed business, series upstream and downstream to build a whole industry chain business model? 4zt
    Yu Xubo pointed out that the current feed business gross margin of up to 15%, China Grain and Oil will expand downstream business, including expanding feed processing business to meet customer large-scale breeding demand for feed, at the same time, will also develop sweeteners and dry noodles and other high value-added products business, connecting the upstream and downstream to establish a whole industrial chain? 4zt
    Cofco last year sold a new model of small-packed rice loss of 150 million yuan, if next year's rice production of 2 million tons, the formation of a scale effect can turn into a profit? The company's net debt ratio rose to 108%, said the first increase in the asset profits invested a few years ago, now the annual production capacity has increased, the future net debt ratio can be reduced to less than 60%4zt
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