Beijing News Shell Financial News (Reporter Yan Xia) On January 31, Muyuan Co., Ltd. released a record of investor relations activities, responding to the reasons for the loss of the company's operating performance in 2023. "The main reason is that the number of live pigs has decreased sharply year-on-year, and the average sales price of live pigs in 2023 will decrease by about 20% compared with 2022. At the same time, after the Company conducts impairment tests on consumable biological assets in accordance with the requirements of accounting standards, it intends to make impairment provisions for some consumable biological assets, and the specific data are subject to the audit results. Muyuan shares said.
An investor asked, "How does the company view pig prices in 2024?" In this regard, Muyuan shares said: "The recent pig price has regional characteristics, and some provinces have a certain number of piglets and commercial pigs, mainly due to short-term supply and demand changes before the holiday. For the full year, the overall performance in 2024 is expected to be more optimistic than in 2023. On the supply side, the current breeding sows are still at a high level, but the overall trend is downward, and the number of live pigs in 2024 is expected to be lower than last year; On the demand side, as the economy gradually stabilizes, demand is expected to rise to a certain extent in 2024. ”
Proofread by Zhu Mingtian.