Core Viewpoint - Dachen Foods (03999.HK) reported a revenue of RMB 4.495 billion for the first three quarters, a 4.1% increase year-on-year, but faced a shareholder loss of RMB 14.684 million, marking a shift from profit to loss due to oversupply and weak demand in the chicken market [1] Financial Performance - Revenue for the first three quarters was RMB 4.495 billion, up 4.1% compared to the same period last year [1] - Shareholder loss amounted to RMB 14.684 million, a significant decline from profitability in the previous year [1] Business Segments - The revenue contributions from various business segments are as follows: processed food (46%), feed (27.5%), and meat products (26.5%) [1] - Processed food accounted for 76.5% of the total gross profit, while feed and meat products contributed 17.6% and 5.9% respectively [1] Market Conditions - The chicken supply has significantly increased due to rapid expansion in the domestic chicken industry, leading to a supply-demand imbalance and a substantial drop in chicken prices, reaching near five-year lows [1] - The processed food segment saw a revenue increase of 6.1% year-on-year, but faced a decline in gross margin due to intense market competition, resulting in a 0.6% decrease in gross profit [1] - Despite a reduction in raw meat costs, the more significant price drop in processed food has compressed profit margins in this segment [1]
大成食品(03999.HK)前三季度股东应占亏损1468.4万元 同比盈转亏