Major listed companies in the feed industry:Haid Group (002311SZ), Tongwei Co., Ltd. (600438SH), Wen's shares (300498SZ), New Hope (000876SZ), Tang Renshen (002567SZ), Dabeinong (002385SZ), Hefeng shares (603609SH), Zhengbang Technology (002157SZ), Aonong Biotech (603363sh) and so on.
Analysis of the current situation of business operations
-- The scale of revenue
From 2016 to 2020, the overall business scale of China's feed industry showed an upward trend, and in 2019, affected by swine fever, downstream demand shrank, and the business scale declined. In 2020, China's feed revenue reached 813.5 billion yuan, a year-on-year increase of 169%。
Among the representative enterprises in China's feed industry, Haid Group has the highest feed business revenue, with an operating income of 539 in 20205.6 billion yuan, accounting for 89 percent of Haid Group's overall revenue44%。
-- Gross profit margin of the enterprise
According to the gross profit margin related to the feed business of representative enterprises in the feed industry, the gross profit margin of the feed industry is generally between 6% and 17%, and the gross profit margin level of most enterprises fluctuates around 10%. In 2020, Tianbang shares had the highest gross profit margin of 1613%, Aonong Biotech has the lowest gross profit margin, which is 628%。
Company market share analysis
-- Output market share
In 2022, there will be 36 feed production groups with more than one million tons in China, and the total feed output will account for 57 percent of the country's total feed output5%。The total number of enterprises with an annual output of more than 10 million tons has reached 6. The output concentration of the leading enterprises in China's feed industry is relatively high.
In 2022, New Hope Group's feed output will reach 28.22 million tons, accounting for 9% of the country's feed output, ranking first in the industry. The feed output of Haid Group and Muyuan Co., Ltd. exceeded 20 million tons, accounting for more than 6% of the national feed output, and entered the top three in the industry. The feed output of Wen's shares, twin groups, Zhengda shares and other enterprises is also at the leading level in the industry. The output of the top ten enterprises accounted for 45% of the total output of the country69%。
For more research and analysis of this industry, please refer to the Prospective Industry Research InstituteAnalysis report on market demand and investment strategic planning of China's feed industry
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