Don’t make money from raising pigs?

"At present, the entire pig industry has entered a difficult period

On August 19, Wen's semi-annual report was released

In the first half of 2021, Wen's operating income was approximately 30.

The main business of Wen's Co.

At the same time, the company focuses on the upstream and downstream of the livestock and poultry breeding industry chain, supporting operations such as livestock and poultry slaughtering, food processing, modern agricultural and animal husbandry equipment manufacturing, veterinary medicine production, fresh food circulation chain operations, and financial investment

Regarding the reasons for this performance loss, Wen's shares explained: First of all, during the reporting period, affected by the changes in the domestic live pig market, the price of live pigs fell continuously, which had a greater impact on the pig industry

Secondly, during the reporting period, the situation of the poultry industry improved, and the sales price of live poultry increased significantly compared with the same period last year

Finally, at the end of the reporting period, in accordance with the relevant provisions of the Accounting Standards for Business Enterprises, the company withdrew inventory depreciation reserves based on market conditions and actual business conditions, as well as equity incentive fees and other performance, totaling about 700 million yuan

On July 14, Wen's vice president and secretary of the board of directors Mei Jinfang told the media that based on the current listing price of RMB 7-8 yuan/jin, the entire pig industry is basically at a loss, and Wen's shares are no exception.

Mei Jinfang believes: "According to past experience, the pig cycle is about a four-year cycle.