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On June 1, the Shennong Group, which had just landed on the main board of the Shanghai Stock Exchange for three trading days, fell below the issue price of 56.
08 yuan/share in intraday trading.
As of the lunch break, it was reported at 53.
86 yuan/share
.
On May 28, Yunnan pig company Shennong Group landed on the main board of the Shanghai Stock Exchange at an issue price of RMB 56.
08 per share and issued 40.
03 million shares
.
On the first day of listing, Shennong Group rose to a maximum of 74.
On May 31, the Shennong Group dropped its limit and closed at 56.
99 yuan per share
.
On June 1, Shennong Group opened lower and fell below the issue price.
As far as the industry is concerned, Essence Securities analyst Zhou Tai pointed out in a research report that the price of pigs has accelerated after a short rebound recently
.
As of May 28, the average price of lean pigs for slaughter in 22 provinces reached 17.
In fact, in the prospectus, Shennong Group mentioned that from historical data, the prices of live pigs and pork are affected by a variety of factors such as growth cycles, stocks, feed prices, market supply and demand, and present strong cyclical fluctuations.
, About 3-4 years is a complete volatility cycle, and there is a risk of volatility in the price of live pigs and pork in its own business
.
If the price of the live pig market continues to fall sharply due to cyclical fluctuations, it will have an adverse impact on the company's operating performance and profitability
