Huatong Meat(SZ:002840)2023-10-31 13:52Financial Performance - As of the end of Q3 2023, the company reported a revenue of 6.16 billion CNY and a net profit loss of approximately 300 million CNY, with a net profit loss attributable to shareholders of about 3.58 billion CNY [2] - The company experienced a net profit loss of approximately 190 million CNY in Q3 2023 [2] Operational Metrics - In Q3 2023, the company sold approximately 528,000 pigs, including about 503,000 fattening pigs and 19,000 piglets [3] - The average selling price of pigs in Q3 2023 was approximately 15.93 CNY [3] - The company slaughtered about 1.02 million pigs in Q3 2023 [3] Cost Management - The breeding cost in Q3 2023 decreased to 16-17 CNY per kilogram due to improved breeding technology and management [3] - The company aims to reduce breeding costs through measures such as enhancing management, improving breeding quality, and lowering feed costs [3] Future Projections - The planned pig production for 2023 is between 2.2 to 2.5 million pigs, with a target of 4 to 5 million pigs for 2024 [3] - The company reported a cash reserve of 685 million CNY and a net cash flow from operating activities of approximately 200 million CNY [3] Breeding Strategy - The company employs a breeding system that combines production performance with consumer demand, focusing on cost advantages and local market preferences [4] - The breeding system features high lean meat rates and good reproductive performance, aligning with consumer taste [4] Long-term Strategy - The company is committed to an integrated strategy across the entire pig industry chain, aiming to strengthen its position as a leading agricultural enterprise in Zhejiang Province [4]