After the pig eats pigs, Zhengbang Technology is crazy about selling young pigs?

Flower Finance Original

Can't afford pork, endless pig companies.

According to the data of Xinmao.com, the price of pigs has continued to rise recently, and the average price of pigs has risen to 11.8 yuan/jin, and some local areas have even exceeded the 12 yuan/jin mark.

During the industry's heat, it was unexpected that Zhengbang Technology lived extremely difficult.

"Selling subsidiaries, pig eating pigs, and enterprises have been funded." Under various negative public opinion, whether Zhengbang Technology can pass through the crisis smoothly, it is obviously attracting much attention.

It is worth noting that at present, Zhengbang Technology's bills payable and account payable are 4.7 billion yuan, and short -term borrowing is as high as 11.821 billion yuan, but its currency funds are only 1.876 billion yuan.

Under the huge financial pressure, Zhengbang Technology has now begun to embark on a crazy trip to sell pigs. The sales of commercial pigs have dropped to 71.01 kg, which is far lower than the normal state of more than 100 kg in the past.

Ten billion debt topped, deep in the debt cage

On the evening of August 30, Zhengbang Technology released the semi -annual report of 2022. During the reporting period, the company achieved operating income of 10.78 billion yuan, a year -on -year decrease of 62.23%; net profit loss of 4.286 billion yuan, a year -on -year decrease of 199.68%.

Unexpectedly, Zhengbang Technology handed over a bleak performance statement.

According to financial reports, due to factors such as influence of the price of pigs in the domestic market, superimposed land, environmental protection, etc., the number of sows across the country have continued to decline in demand for pig material.

During the reporting period, Zhengbang Technology's sales of feeds were 1.2666 million tons, a year -on -year decrease of 46.64%. Among them, pig material sales were 677,500 tons, a year -on -year decrease of 47.75%, and poultry sales were 484,600 tons, a year -on -year decrease of 47.89%.

In addition, during the reporting period, Zhengbang Technology sold a total of 4.8452 million pigs, with cumulative sales revenue of 4.912 billion yuan, a year -on -year decrease of 72.31%.

The operational performance is extremely poor, and Zhengbang Technology is also trapped in a debt cage.

In the first half of 2022, Zhengbang Science and Technology's total assets were 37.528 billion yuan, net assets were 38.61 billion yuan, and the asset liability ratio was as high as 102.88%.

It is found that the debt crisis of Zhengbang Technology does not seem to be small.

During the reporting period, if the impact of non -current assets such as fixed assets on total assets, Zhengbang Technology's mobile assets are 8.798 billion yuan, and there are still 4.94 billion yuan in inventory. 100 million yuan is restricted.

During the same period, the company's liabilities were as high as 27.6 billion yuan, of which the short -term loans were 11.821 billion yuan, the bills payable and account payable were 4.729 billion yuan, and non -current liabilities due within one year were 4.085 billion yuan. In contrast, it is not difficult to see that there may be a huge funding gap in Zhengbang Technology.

On June 8, 2022, Zhengbang Technology announced the announcement on some commercial acceptance bills that had not been redeemed overdue, indicating that the recent situation of some commercial tickets that had been overdue due to the tension of mobile funds, and the total amount of overdue payment was 542 million yuan.

The inventory has fallen, and the sales of commercial pigs are getting smaller and smaller

Affected by the tension of the capital chain, on July 24, the "big pig farmer could not afford pig feed and pigs, pigs and pigs" appeared on the hot search, which led to the rapid attention of Zhengbang Technology.

According to online videos, some self -proclaimed supporters of Zhengbang Science and Technology said that due to the recent "disconnection" problem, pig farmers who have been raised by Zhengbang Science and Technology are hungry. Essence

Despite the external explanation of Zhengbang Technology, the incident has occasionally caused the incidental disconlined phenomenon due to the coordination of logistics distribution and feed factories. Resource coordination is resolved.

However, the company also pointed out that due to the sluggish price of pig prices in June and the affected factors, the company's funds are relatively tight. With the recovery of domestic pig market prices, the company will continue to sell the capital with strong inventory and quickly supplement the funds required by the operation.

As of the end of June 2022, Zhengbang's technology inventory amount was 4.94 billion yuan, which was significantly sharply reduced compared to 20.602 billion yuan in the same period last year. During the period of pig eating pigs, Zhengbang Technology's sales of commercial pigs also fell sharply.

According to the briefing of pig sales in July 2022, before March 2022, Zhengbang Technology's sales of pigs have been more than 100 kilograms, but then Zhengbang Technology's sales of pigs will continue to decline. By 2022, 7 In the month, the company's sales of goods have dropped to 71.01 kg.

What is this concept?

According to common sense, the total weight of the pigs sold in the market will generally be more than 100 kilograms. Therefore, the weight of the piglets sold in Zhengbang Technology is so riot, or it means that Zhengbang Technology is selling pigs crazy. Market conventional commercial pigs, young pigs.

What needs to be vigilant is that if this is true, Zhengbang Technology may also be uncomfortable to feel the reversal of performance in this round of pig cycles. After all, if even young pigs are sold, Zhengbang Technology's pig depository reserves may have corresponding deficiencies. Essence In this regard, the answer from Zhengbang Technology's inventory amount can also be seen.

The disaster is not alone, caught in the "stock debt" double torment

There is no doubt that Zhengbang Technology is now facing a huge business crisis. During the crisis, Zhengbang Technology also ushered in the double suffering of "stock debt" pressure. Data from Sky Eye Inspection shows that Zhengbang Technology has been listed twice as a dishonesty and an executive. Since June 10, 2022, the company has 9 historical executive records. In addition, on May 25, 2022, it was listed as a restricted consumer target.

There is no finished egg under the nest.

At present, Zhengbang Group, the largest shareholder of Zhengbang Technology, is also in the debt vortex. Tianyancha showed that on July 18, 2022, the Zhengbang Group was listed as the executed person twice a day by the local people's court, and the total execution amount was as many as 341 million yuan.

Jiangxi Yonglian Agricultural Holdings Co., Ltd., the second largest shareholder of Zhengbang Technology, was also listed by the local people's court as the executing person on the same day, involving the total execution of 310 million yuan.

As of August 8, 2022, Zhengbang Science and Technology's largest shareholder Zhengbang Group and the second largest shareholder Jiangxi Yonglian Agricultural Holdings Co., Ltd. accounted for 22.56%and 20.40%of Zhengbang's total science and technology stocks, respectively. During the same period, pledge accounted for 93.14%and 86.02%of its direct holdings, respectively.

However, since entering September 2020, Zhengbang Technology's stock price has been in a state of overcast for a long time. At the passage of the stock price, the risk of high equity pledge of Zhengbang Technology cannot be underestimated. As of September 2nd, the latest closing price of Zhengbang Technology was 5.78 yuan/share, which is not the same as the 25.98 yuan/share during the peak period.

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