The sale of the equity of 20 subsidiaries still cannot alleviate the financial constraints, and Zhengbang wants to "slim down" again

On the evening of September 15, Zhengbang Technology issued an announcement that the company signed a cooperation framework agreement with Hubei Grain Co.

The company intends to transfer some of its subordinate pig breeding industry related assets to Hubei Provincial Grain Company, and Hubei Provincial Grain Company will enter the pig breeding industry

Since 2022, Zhengbang Technology has sold the equity of 20 holding subsidiaries to "slim down" VkK China Feed Industry Information Network - based on feed, serving animal husbandry

Since 2022, Zhengbang Technology has sold the equity of 20 holding subsidiaries to "slim down" Since 2022, Zhengbang Technology has sold the equity of 20 holding subsidiaries to "slim down"

Since the beginning of this year, Zhengbang Technology has announced the transfer of all or part of the equity
of 20 holding subsidiaries.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

Since the beginning of this year, Zhengbang Technology has announced the transfer of all or part of the equity
of 20 holding subsidiaries.

1.
On February 28, 2022, Zhengbang Technology issued an announcement that the company signed an "Equity Transfer Agreement" with Dabeinong, and intends to transfer part or all of the equity of the 8 feed companies it holds to Dabeinong
.
This cooperation is expected to return 2 billion to 2.
5 billion yuan (based on the actual transaction price) and obtain investment income
of 1.
1 billion to 1.
9 billion yuan.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

It is proposed to transfer some or all of its equity in the 8 feed companies it holds to Great Northern Agriculture
.

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

2.
On June 17, 2022, Zhengbang Technology announced that Qingdao Tianpu Sunshine Investment Co.
, Ltd.
intends to increase the capital of the company's holding subsidiary, Shandong Tianpu Sunshine Biotechnology Co.
, Ltd.
, by nearly 22 million yuan, and at the same time acquire all the shares held by the latter's original shareholder, Shi Xiaohua, and Zhengbang decided to give up the preferential subscription and pre-emptive right based on the company's current operating conditions, financial situation, future development potential and capital operation plan, while comprehensively considering the development needs of Shandong Tianpu Sunshine itself
。 VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

After the completion of this transaction, the equity ratio of Zhengbang Technology in Shandong Tianpu Sunshine will drop from 51% to 46.
16%, which will no longer be included in the scope of the consolidated statements of listed companies, and the newly established Qingdao Tianpu Sunshine at the beginning of this year will hold the remaining 53.
84% of the equity and become the new controlling shareholder
.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

Zhengbang Technology's shareholding in Shandong Tianpu Sunshine will drop from 51% to 46.
16%

3.
On July 1, 2022, Zhengbang Technology announced that it intends to transfer 49% of the equity of each of the 10 wholly-owned subsidiaries to the controlling shareholder, Zhengbang Group, at an equity
transfer price of 1 yuan per company, a total of 10 yuan.
The business of 10 companies is mainly pig breeding, including Chengdu Zhengbang, Tangshan Zhengbang, Lu'an Zhengbang, Jiangsu Zhengbang, Zhaodong Zhengbang, Junlian Zhengbang, Luoyang Zhengbang, Liaoning Zhengbang, Yucheng Zhengbang, Hongma Zhengbang
.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

A total of 10 yuan transferred 49% of the equity of 10 wholly-owned subsidiaries to the controlling shareholder, Zhengbang Group

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

4.
On August 21, 2022, Zhengbang Technology issued an announcement that it intends to transfer 100% of the equity
of Jiangxi Zhengnongtong Network Technology Co.
, Ltd.
to the controlling shareholder, Zhengbang Group, at a transfer price of 1 yuan.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

Jiangxi Zhengnongtong Network Technology Co.
, Ltd.
100% equity

Through the announcement, it can be seen that in addition to the positive net profit of 8 feed factories in 2021, the net profit of 10 pig companies and Zhengnongtong Network Company is all negative
.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

Pig sales, revenue, out of the pen average weight are down VkK China feed industry information network - based on feed, service livestock

The average weight of pig sales, revenue, and out of the pen have all decreased in pig sales, revenue, and out of the pen have declined

On September 9, Zhengbang Technology disclosed a briefing on pig sales, selling 613,500 pigs in August (including 254,300 piglets and 359,200 commercial pigs), down 30.
48% month-on-month and 64.
16% year-on-year; Sales revenue of 733 million yuan, down 1.
24% sequentially and 74.
35%
year-on-year.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

The average sales price of commercial pigs (after deducting piglets) was 21.
46 yuan / kg, an increase of 1.
83% over the previous month; The average weight was 75.
66 kg/head, up 6.
55%
from the previous month.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

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

From January to August 2022, the company sold a total of 6.
3412 million pigs, down 39.
37% year-on-year; The cumulative sales revenue was 6.
387 billion yuan, down 73.
27%
year-on-year.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

6.
3412 million heads of 6.
387 billion yuan

In the first eight months of this year, the sharp decline in pig sales of Zhengbang Technology also caused the company's sales ranking to fall from the second place in the same period last year to the fourth place, lower than Makihara shares, Wen's shares and New Hope
.
VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

Zhengbang Technology said that the company's August pig sales and sales revenue fell significantly year-on-year, mainly due to the company's business strategy adjustment and optimization of production capacity, and the number of pig sales fell sharply month-on-month, mainly due to the company's adjustment of the rhythm of
the barn.
From January to August this year, the company's pig sales volume and sales revenue fell sharply year-on-year, mainly due to the decline in domestic pig prices and the reduction of
scale.
VkK China Feed Industry Information Network - Based on Feed, Service Animal Husbandry VkK China Feed Industry Information Network - Based on Feed, Service Animal Husbandry Zhengbang, which is plagued by funds, assets are sold, the scale of pig breeding is reduced, how can it get out of the water? VkK China Feed Industry Information Network - Based on feed, serving animal husbandry

Mainly due to the decline in domestic pig prices and the reduction of scale
.
VkK China Feed Industry Information Network - Based on Feed, Service Animal Husbandry VkK China Feed Industry Information Network - Based on Feed, Service Animal Husbandry