Wen's shares: The net profit in the first half of the year was -3.5 billion yuan, a year-on-year decrease of 40.8%

On August 4th, the listed pig company Wen's (300498.SZ) released the semi -annual performance express report in 2022.

During the reporting period, the total operating income of Wen's shares was 31.544 billion yuan, and the total profit was -3.453 billion yuan. The net profit attributable to shareholders of listed companies was -3.517 billion yuan, a year-on-year decrease of 40.80%.

Regarding the decline in the net profit of returning mother year -on -year, Wen's shares said there were three main reasons.

First, during the reporting period, the company sold 80060,000 meat pigs (including hair pigs and fresh products). The average sales price of hair pigs was 13.59 yuan/kg, a year -on -year decrease of 41.74%. The pig farming industry was still in a large loss state. It is worth mentioning that in June, as the price of pigs rose, Wen's pig farming industry achieved monthly losses.

Second, during the reporting period, 488 million pheasants (including chicken, fresh products and cooked food) were sold, and 24.329 million meat ducks were sold (including hairy ducks and fresh products). Among them, the price of chicken is generally stable. The average sales price of hair chicken is 13.88 yuan/kg, an increase of 0.43%year -on -year. The average sales price of Mao Duck is 12.97 yuan/kg, an increase of 7.73%year -on -year. Price rising continuously and pushing the cost of breeding, and the gross profit margin of the chicken industry decreased year -on -year.

In addition, Wen's shares also stated that in order to cope with the continued increase in capital reserves in the industry, the company's financial expenses increased significantly year -on -year during the reporting period.

According to the performance of the performance, at the end of the report period, the total assets at the end of the Wen's shares at the end of the period were 95.194 billion yuan, a decrease of 1.65%from the beginning of the period; The net assets per share were 4.69 yuan, a decrease of 8.28%from the beginning of the period.

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