Core Viewpoint - Dekang Agriculture (德康农牧) has seen a significant increase in its stock price, reaching a historical high of 96 HKD per share, with a year-to-date increase of approximately 257% since its low in January 2023 [1][3][2]. Group 1: Stock Performance - On June 11, 2023, Dekang Agriculture's stock price peaked at 96 HKD per share, closing at 91.75 HKD, marking a 15.34% increase for the day [1][3]. - The stock has risen from a low of 25.68 HKD per share in early January 2023, indicating a substantial year-to-date increase of about 257% [2][3]. Group 2: Business Performance - In the first five months of 2023, Dekang Agriculture sold 4.2971 million pigs, generating a revenue of 8.457 billion CNY, and sold 35.8271 million yellow feathered chickens, with a revenue of 1.099 billion CNY [2][4]. - The company reported a sales volume of 869,000 pigs in May 2023, with a revenue of 1.7 billion CNY, and a sales volume of 7.4628 million yellow feathered chickens, generating 224 million CNY in revenue [4][6]. - The average selling price for commodity pigs in May 2023 was 14.64 CNY per kilogram, which is a decrease of 1.15% from April 2023 [4]. Group 3: Cost Structure and Competitive Advantage - Dekang Agriculture has a leading position in terms of breeding costs, with the total cost of pig farming reportedly below 13 CNY per kilogram [4][5]. - The company operates two national-level pig breeding farms, with a core breeding stock of approximately 14,941 heads, including both breeding sows and boars [5]. - Analysts expect that the company will continue to benefit from its low-cost advantage and improve profitability as the industry stabilizes [8].
德康农牧股价创新高年内涨超2倍 前五月生猪销售430万头收入84.57亿