Yantai China Pet Foods' net profit increased by nearly 70% last year, with an improved proportion of OEMs, but may face the "growing pains" of trade frictions. | Interpretations
① The main markets for Pet Food both domestically and internationally have maintained a certain growth rate, with Yantai China Pet Foods achieving an increase in revenue and Net income last year; ② Industry observers have told the Financial Associated Press that nearly 70% of Yantai China Pet Foods' revenue comes from overseas, and the first quarter was not affected by tariff conflicts, but the second and third quarters may face some "growing pains." The specific impact on the company remains to be seen.
Brokerage morning meeting highlights: Countermeasures against tariffs boost Shenzhen Agricultural Products Group prices, the planting chain directly benefits.
At today's Brokerage morning meeting, CITIC SEC believes that countermeasures against tariffs boost the prices of Shenzhen Agricultural Products Group, which directly benefits the planting chain; HAITONG SEC proposed a bullish view on the relative yields of the Banks Sector in April; Galaxy Securities stated that it focuses on Gold and countermeasures against rare earths.
The "breeding heat" has led to an increase in piglet prices, listed pig companies are increasing piglet sales, and pasture companies are emerging丨Industry dynamics.
① Recently, the price of piglets has risen for three consecutive weeks, leading listed pig enterprises to increase piglet sales; ② Currently, breeding sows are being concentrated in listed pig enterprises and group pig enterprises, while smallholders mainly focus on piglet fattening and secondary fattening, and free-range farming companies are on the rise.
The restructuring revenue contributes to performance, and *ST Aonong is expected to turn a profit in 2024, with Assets likely turning positive | Interpretations
1. *ST Aonong expects to turn a profit in 2024, but will still be in a loss position after deducting non-recurring profit and loss; 2. The main reason for turning a profit is the reorganization income of 2.4 billion to -2.8 billion yuan; 3. The net assets in 2024 are expected to turn positive, and *ST Aonong may continue to eliminate the risk of financial (Delisted).
The competition in the Fodder Industry is intensifying; Bohen Group is expected to record losses just one year after going public | Interpretations
① The competition in the Fodder Industry has intensified, and Boen Group reported a loss just one year after going public, with the company expecting a net loss of 23 million to -29.9 million yuan in 2024; ② Boen Group indicated that in 2024, the company's revenue and product gross profit will decline compared to the same period last year.
The trend of pet ownership is sweeping across the country and abroad. Petpal Pet Nutrition Technology expects a significant increase in profits in 2024 | Interpretations
① The scale of pet owners both domestically and internationally continues to expand, with an increasing number of dogs and cats globally. The profitability of related companies in Pet Food and supplies in China is generally improving; ② Petpal Pet Nutrition Technology's Jueyan brand of dog snacks has a solid market position, and Jueyan's main food has made some progress on the Douyin platform.