西部牧业董事长提前辞职！知名外资机构大笔买入，公司股价较底部已经翻倍

Core Viewpoint - The resignation of the chairman of Western Pastoral has raised concerns about the company's ongoing significant losses and the impact of a new controlling shareholder on its strategic direction [1][2]. Group 1: Company Performance - In 2024, Western Pastoral reported a significant decline in performance, with revenue of 938 million yuan, a year-on-year decrease of 16.46%, and a net loss of 119 million yuan, down 84.92% year-on-year [2][3]. - The company's revenue continued to decline in the first quarter of 2025, with 187 million yuan in revenue, a 20.87% decrease year-on-year, and a net loss of 9.81 million yuan, a 129.95% increase in losses year-on-year [2]. - During the tenure of the former chairman, the company's performance showed a trend of initial stability followed by decline, with revenue increasing from 820 million yuan in 2020 to 1.325 billion yuan in 2022, but net profit remained low [2][3]. Group 2: Industry Context - The dairy industry has been in a downturn for over three years, with an oversupply situation contributing to Western Pastoral's ongoing losses. The price of raw milk has been declining since September 2021, leading to significant losses in the industry [4]. - In 2024, the total production of raw milk was 40.79 million tons, a year-on-year decrease of 2.8%, indicating a challenging environment for dairy producers [4]. Group 3: Shareholder Changes - In September 2024, Western Pastoral changed its controlling shareholder, with the previous state-owned shareholder transferring its shares to Xinjiang Tiande Biological Co., which now holds 41.82% of the company [5]. - Despite the change in controlling shareholder, the actual controller of Western Pastoral remains unchanged, and the company stated that the chairman's resignation would not affect its strategic direction [5][6]. - Following the change in control, foreign institutional investors, including Morgan Stanley, began to increase their holdings in Western Pastoral, indicating a potential positive outlook for the dairy sector [6][7].