Wen s pig sales target for 2024 is 3000 33 million heads

Mondo Finance Updated on 2024-02-22

This is the first book of pastoral foodoriginal first article |Word count1.3k

Wen's shares revealed at the recent performance forecast interpretation meeting that the company has formulated a sales goal of about 30 million to 33 million pigs (including hairy pigs and fresh products) in 2024, and on the basis of assuming that the feed raw materials remain unchanged, the goal of the annual average comprehensive cost of pig breeding has been formulated7.5-7.8 yuan catty

The company will sell a total of 26.26 million pigs (including hairy pigs and fresh products) in 2023, an increase of 47% year-on-year. Based on this calculation, its target for the growth rate of live pigs slaughtered this year is about

In terms of cost, Wen's comprehensive cost of pig breeding in 2023 is about 83-8.4 yuan catty, a year-on-year decrease of about 03 yuan catty. The pig business brought the company a loss of 5.5 billion to 5.8 billion yuan last year.

Although the pig industry (2023) is plagued by regional and phased epidemics, and the cost fluctuates, thanks to the relatively strict and solid basic management, the overall large-scale production remains stable. In its opinion.

As of the end of 2023, Wen's herd has about 1.55 million breeding sows, an increase of about 100,000 from the beginning of the year, and slightly lower than the target set at the beginning of the year. "Mainly due to the poor market in 2023 and the impact of the epidemic, the company takes steady development as the operating principle and slightly controls the growth of fertile sows. Wen's shares said that the company's initial plan for the number of fertile sows at the end of 2024 will be increased on the basis of the end of 20235-100,000 heads

At the end of 2023, the company's breeding farms were operating at around 70% capacity utilization, and it expects to continue to increase steadily in 2024.

For the pig price trend in 2024, Wen's shares said that although the pig price has been ** recently, it is still uncertain whether it is sustainable. At present, the industry's pig inventory is still at a high level, and consumption has not seen obvious benefitsThe company generally maintains a cautiously optimistic attitude towards pig prices。For its part, it will always be committed to enhancing the core competitiveness of the enterprise, so as to achieve more reasonable profits after the cycle reversal.

At the same time, based on the company's current production capacity resources, future slaughter planning, current market ** and judgment of the future market**, Wen's has formulated a fixed asset investment plan for 202440-5 billion yuan(about 3.7 billion yuan in the previous year), mainly invested in the upgrading of some pig farms, pig breeding communities, broiler production capacity and other projects.

There are times when any cycle reverses, and we are confident in the future. The company said.

New exploration of cooperation models

According to reports, in order to meet the future slaughter plan, last year Wen's to "preservation, expansion of the amount" as the principle, multiple measures to develop fattening breeding resources, such as through the "government and enterprise village" multi-party co-construction, etc., to increase the absorption of social idle and stock of high-quality breeding resources, to promote the existing cooperative farmers who meet the requirements of the reconstruction and expansion. Up to now, the company's effective pig feeding capacity has increased to more than 34 million heads.

Wen said that the company firmly adheres to the direction of the industrial cooperation model of "company + farmer", and at the same time formulates the standard of entrusted breeding fee differentially to balance the income of farmers and the company. It has also set up a model research center to actively explore and continue to promote the implementation of the new development model of "government-bank-enterprise village" four-party co-construction and "government-bank-enterprise village" five-party co-construction, participate in the development of village-level collective economy, strive to achieve a win-win situation for all parties, and help rural revitalization.

In 2023, the company will entrust maintenance for the whole year230 yuan(In December, it dropped to about 200 yuan). Despite the substantial loss in performance, it still paid more than 40,000 cooperative farmers more than 10 billion yuan in entrusted breeding fees in strict accordance with the entrusted breeding contract, a record high.

In 2024, if the pig price continues at the current level, it is expected that the entrusted maintenance fee will remain at about 200 yuan. If the pig price ** improves, the company may dynamically increase it, butThe overall level of single-head entrusted breeding fees for the whole year is expected to be lower than the overall level in 2023。Wen noted.

Considering the current industry, financial pressure and other factors, Wen's has adjusted the way in which the breeding community mainly relied on the breeding community to increase the fattening capacity in the past. It said that under the premise that the financial pressure on the industry is increasing and the pig price is still unclearThe company's new fattening capacity will mainly increase cooperative farmers。Even if the breeding capacity is increased through the construction of breeding communities, the company will try to reduce the proportion of capital contribution, and strive to leverage social funds to participate in cooperation and co-construction, so as to achieve low-capital operation and development.

Wen also introduced that at present, the company's pig breeding community breeding performance has improved, and is gradually approaching the cost level of the "company + farmer" model.

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