[News Concentrates 42] Pig companies have lost nearly 10 billion in the first three quarters, and some pig companies have laid off employees and cut salaries

1.
Pig companies suffered deep losses in the first three quarters, with 5 profitable and 7 losses, with a maximum loss of nearly 10 billionQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

Affected by the sluggish pig price, a number of pig companies have successively issued pre-loss announcements for the third quarter
.

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

In the third quarter, Muyuan shares had an estimated loss of 500 million yuan to 1 billion yuan, Wen's shares had a loss of 6.
75-7.
25 billion yuan, New Hope had an estimated loss of 2.
58 billion yuan to 29.
8 billion yuan, and Zhengbang Technology had an estimated loss of 5.
52 billion yuan to 6.
52 billion yuan.
The pre-loss of Tianbang shares is 2.
05 billion -22.
5 billion yuan.
.
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　2.
Shuanghui releases intensive personnel changes, and 11 new vice presidents are appointedQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On October 11, Shuanghui Development issued an announcement stating that the second meeting of the company's eighth board of directors passed four appointment proposals.
Ma Xiangjie and others were appointed as presidents of Shuanghui Development and 11 new vice presidents were appointed
.

The meeting was presided over by Chairman Bandung

　　The announcement showed that the board of directors of Shuanghui Development agreed to appoint Ma Xiangjie as the president of Shuanghui Development, Liu Songtao as the company's executive vice president and chief financial officer, Wang Yufen as the company's chief engineer, Qiao Haili, He Ke, Zhao Guobao, Ning Hongwei, Meng Shaohua, He Jianmin, Sai Junxuan, Zhou Xiao, Zheng Wenguang, Zhang Bin, and Zhang Liwen are the company’s vice presidents, Zhang Liwen is the company’s board secretary, and Zhang Xiao is the company’s securities affairs representative
.

The term of office is from the date of review and approval of this board of directors to the date when the term of the eighth term of the board of directors expires

　　3.
Pork prices continue to bottom out! Beijing pork is 7 yuan per cattyQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The latest data released by the National Bureau of Statistics shows that the consumer price CPI in September rose by 0.
7% year-on-year, of which food prices fell by 5.
2%, non-food prices rose by 2%, and industrial producer prices PPI rose by 10.
7% year-on-year
.

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Pork is the main product in the common people’s vegetable basket, and it is also an important factor affecting CPI.
Pork prices have continued to decline since the Spring Festival
.

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In the pork sales hall of Xinfadi Market in Beijing, merchants told reporters that pork prices continued to decline in the first and mid-September, and there were some fluctuations near the National Day in late September, but they still did not get rid of the downward trend.
Pork prices have been continuous since October.
Bottoming
.

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The white striped pig is now around 7 yuan per catty, one yuan less than in September
.

The whole piece of ribs is now 14 yuan per catty, and 16 yuan per catty before November

　　4.
Chia Tai Group privatizes China and Vietnam feed companies and delists from Hong KongQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Thai food giant Charoen Pokphand Foods (CPF) announced on September 30 that it plans to privatize its Vietnamese and Chinese subsidiaries and delist from the Hong Kong Stock Exchange
.

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　CP Pokphand Co.
Ltd.
(CPP) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 1988
.

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　CPF currently holds 49.
74% of CPP, while Japanese giant Itochu holds 25%
.

Other minority shareholders constitute the rest

　　CPF said that if the plan goes into effect, it has no immediate plans to make any major changes to the business
.

However, it will work with ITOCHU to review the financial status and operations of the group in order to formulate a long-term strategy

　　5.
The auction of imported corn has resumed, and all non-GM corn has been sold out!QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　On October 15, the auction of imported corn restarted
.
In 2020, US imported corn and finishing materials (genetically modified) are planned to put in 267,439 tons, and the actual transaction is 59,068 tons, with a transaction rate of 22%; in 2020, Ukrainian imported corn (non-genetically modified) plans to put in 11572 tons, all of which are unsold
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　6.
Tianbang: In the third quarter, about 1,500 employees were cut, and some pig farms saw a 50% pay cutQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Su Lirong, Chairman and President of Tianbang Co.
, Ltd.
mentioned in online communication with investors:QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　At the end of June, the company had about 13,500 people, but now it is less than 12,000 people, a decrease of about 1,500 people
.
At the same time, a new incentive plan was designed in terms of salary to better prepare the personnel before the next cycle
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The company also revealed that as the average salary in the industry has fallen, company executives have taken the initiative to postpone their salary, which is also relatively large
.
The salary of the head of the area and the pig farm manager is comprehensively evaluated in conjunction with job saturation and cost reduction goals.
The excellent farm may exceed the salary level of last year, but it cannot meet the full load and does not meet the cost reduction requirements at the specified time.
The field may have a salary cut of about 50%
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

 　　1.
Pig companies suffered deep losses in the first three quarters, with 5 profitable and 7 losses, with a maximum loss of nearly 10 billionQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　1.
Pig companies suffered deep losses in the first three quarters, with 5 profitable and 7 losses, with a maximum loss of nearly 10 billion.
　1.
In the first three quarters, pig companies suffered deep losses, with 5 profitable and 7 losses, with a maximum loss of nearly 10 billion.

　　Affected by the sluggish pig price, a number of pig companies have successively issued pre-loss announcements for the third quarter
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In the third quarter, Muyuan shares had an estimated loss of 500 million yuan to 1 billion yuan, Wen's shares had a loss of 6.
75-7.
25 billion yuan, New Hope had an estimated loss of 2.
58 billion yuan to 29.
8 billion yuan, and Zhengbang Technology had an estimated loss of 5.
52 billion yuan to 6.
52 billion yuan.
The pre-loss of Tianbang shares is 2.
05 billion -22.
5 billion yuan.
.
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　2.
Shuanghui releases intensive personnel changes, and 11 new vice presidents are appointedQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　2.
Shuanghui releases intensive personnel changes and 11 new vice presidents　2.
Shuanghui releases intensive personnel changes and 11 new vice presidents

　　On October 11, Shuanghui Development issued an announcement stating that the second meeting of the company's eighth board of directors passed four appointment proposals.
Ma Xiangjie and others were appointed as presidents of Shuanghui Development and 11 new vice presidents were appointed
.
The meeting was presided over by Chairman Bandung
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The announcement showed that the board of directors of Shuanghui Development agreed to appoint Ma Xiangjie as the president of Shuanghui Development, Liu Songtao as the company's executive vice president and chief financial officer, Wang Yufen as the company's chief engineer, Qiao Haili, He Ke, Zhao Guobao, Ning Hongwei, Meng Shaohua, He Jianmin, Sai Junxuan, Zhou Xiao, Zheng Wenguang, Zhang Bin, and Zhang Liwen are the company’s vice presidents, Zhang Liwen is the company’s board secretary, and Zhang Xiao is the company’s securities affairs representative
.
The term of office is from the date of review and approval of this board of directors to the date when the term of the eighth term of the board of directors expires
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　3.
Pork prices continue to bottom out! Beijing pork is 7 yuan per cattyQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　3.
The price of pork continuously bottomed out! Beijing pork was 7 yuan per catty.
　3.
The price of pork continued to bottom out! Beijing pork was 7 yuan per catty.

　　The latest data released by the National Bureau of Statistics shows that the consumer price CPI in September rose by 0.
7% year-on-year, of which food prices fell by 5.
2%, non-food prices rose by 2%, and industrial producer prices PPI rose by 10.
7% year-on-year
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　Pork is the main product in the common people’s vegetable basket, and it is also an important factor affecting CPI.
Pork prices have continued to decline since the Spring Festival
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　In the pork sales hall of Xinfadi Market in Beijing, merchants told reporters that pork prices continued to decline in the first and mid-September, and there were some fluctuations near the National Day in late September, but they still did not get rid of the downward trend.
Pork prices have been continuous since October.
Bottoming
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The white striped pig is now around 7 yuan per catty, one yuan less than in September
.
The whole piece of ribs is now 14 yuan per catty, and 16 yuan per catty before November
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　4.
Chia Tai Group privatizes China and Vietnam feed companies and delists from Hong KongQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

4.
Chia Tai Group privatized China and Vietnam feed companies and delisted from Hong Kong IV.
Chia Tai Group privatized China and Vietnam feed companies and delisted from Hong Kong

　　Thai food giant Charoen Pokphand Foods (CPF) announced on September 30 that it plans to privatize its Vietnamese and Chinese subsidiaries and delist from the Hong Kong Stock Exchange
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　CP Pokphand Co.
Ltd.
(CPP) has been listed on the Main Board of The Stock Exchange of Hong Kong Limited since 1988
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　CPF currently holds 49.
74% of CPP, while Japanese giant Itochu holds 25%
.
Other minority shareholders constitute the rest
.
CPF proposes to pay a high premium for shares it does not already own, totaling HK$6.
991 billion (EUR 773.
8 million/US$898 million)
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　CPF said that if the plan goes into effect, it has no immediate plans to make any major changes to the business
.
However, it will work with ITOCHU to review the financial status and operations of the group in order to formulate a long-term strategy
.
Later, it will explore business, investment or fund-raising opportunities, and consider whether there are any asset sales, asset acquisitions, business divestments, restructuring or diversification
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　5.
The auction of imported corn has resumed, and all non-GM corn has been sold out!QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　5.
The auction of imported corn is resumed, and all non-GMO corn is sold out!　　5.
The auction of imported corn is resumed, and all non-GMO corn is sold out!

　　On October 15, the auction of imported corn restarted
.
In 2020, US imported corn and finishing materials (genetically modified) are planned to put in 267,439 tons, and the actual transaction is 59,068 tons, with a transaction rate of 22%; in 2020, Ukrainian imported corn (non-genetically modified) plans to put in 11572 tons, all of which are unsold
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　6.
Tianbang: In the third quarter, about 1,500 employees were cut, and some pig farms saw a 50% pay cutQGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　6.
Tianbang: cuts　about 1,500 employees in the third quarter, and some pig farms have a salary cut of about 50%.

　　Su Lirong, Chairman and President of Tianbang Co.
, Ltd.
mentioned in online communication with investors:QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　At the end of June, the company had about 13,500 people, but now it is less than 12,000 people, a decrease of about 1,500 people
.
At the same time, a new incentive plan was designed in terms of salary to better prepare the personnel before the next cycle
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry

　　The company also revealed that as the average salary in the industry has fallen, company executives have taken the initiative to postpone their salary, which is also relatively large
.
The salary of the head of the area and the pig farm manager is comprehensively evaluated in conjunction with job saturation and cost reduction goals.
The excellent farm may exceed the salary level of last year, but it cannot meet the full load and does not meet the cost reduction requirements at the specified time.
The field may have a salary cut of about 50%
.
QGM China Feed Industry Information Network-Based on feed, serving animal husbandry