The "breeding heat" has led to an increase in piglet prices, listed pig companies are increasing piglet sales, and pasture companies are emerging丨Industry dynamics.
① Recently, the price of piglets has risen for three consecutive weeks, leading listed pig enterprises to increase piglet sales; ② Currently, breeding sows are being concentrated in listed pig enterprises and group pig enterprises, while smallholders mainly focus on piglet fattening and secondary fattening, and free-range farming companies are on the rise.
Central China: In February, the prices of livestock and poultry showed weak running, while Pet Food export data welcomed a "good start."
In early February, after the Spring Festival, the market is in a situation of oversupply, with pig prices running weakly; China's Pet Food export data is warming up, and the fundamentals of related companies are expected to improve.
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Guangdong Haid Group (002311.SZ): Currently, the largest share of the company's overseas Fodder sales is in Vietnam.
On March 3, Glonghui reported that Guangdong Haid Group (002311.SZ) recently stated at a Brokerage strategy meeting that the largest region for its overseas Fodder sales is Vietnam. Additionally, Fodder sales are present in several countries including Indonesia, Ecuador, and Egypt. When investors asked about "the company's plans for future overseas Fodder development?", the company indicated that in Southeast Asia, it focuses on Vietnam while actively expanding into markets such as Indonesia, Bangladesh, and Malaysia; in Africa, it uses Egypt as a foothold to gradually extend into the North Africa and East Africa markets; in South America, the company has also established a Business layout in Ecuador and has formed a team.
Guangdong Haid Group (002311.SZ): The short-term goal for the Fodder Business is to reach an increase of 3 million tons by 2025.
On March 3, Gelonghui reported that Guangdong Haid Group (002311.SZ) recently stated at a Brokerage strategy meeting that in 2024, the company expects Fodder sales to be approximately 26.5 million tons (including internal breeding consumption of about 2.1 million tons), a year-on-year growth of about 9%. Among this, the external sales of poultry feed are estimated at about 12.7 million tons, a year-on-year increase of about 12%; external sales of pig feed are about 5.6 million tons, a slight year-on-year decline of about 3%; external sales of aquaculture feed are about 5.8 million tons, an increase of about 11% year-on-year; and external sales of ruminant feed and Other are about 0.3 million tons. At the same time, the company's international business layout has made significant progress, with overseas Fodder sales approximately 2.4 million tons year-on-year.
Central China: Performance and profit levels continue to improve, and the agriculture, forestry, animal husbandry, and fishery sectors are expected to see a return to valuation.
Currently, the PE and PB of the Agriculture, Forestry, Animal Husbandry, and Fishery Industry are both below the historical valuation center, at relatively low levels. With the first introduction of "new quality productive forces in Agriculture" in Document No. 1, a valuation rebound is expected in the future.
Guolian Minsheng Securities: It is expected that hog prices may face pressure running in 2025, and the trend of capacity reduction may gradually strengthen.
In January 2025, the inventory data of breeding sows began to decline, but after the festival, pig prices and piglet prices continued to weaken, and the profitability level in the Industry may decline, leading to a potential strengthening of the trend of capacity reduction in the future.
Research Reports Gold Mining | Huaxi: Maintain Guangdong Haid Group "Buy" rating, with stable growth in core Business Fodder & Animal Health.
Huaxi's Research Reports indicate that Guangdong Haid Group (002311.SZ) is expected to achieve a Net income of 4.516 billion yuan in 2024, a year-on-year increase of 64.73%. The company's main Businesses, Fodder & animal health, continue to grow steadily. In 2024, the company's fodder sales are expected to be around 26.5 million tons (of which internal consumption is about 2.1 million tons and external sales about 24.4 million tons), representing a year-on-year growth of around 9%. As production capacity recovers in 2025, the demand for fodder is expected to further increase; in 2024, the company's Hog Farming business is projected to turn profitable with the warming of the Industry. According to the company's announcement, it is currently exploring a light asset farming model, and the company's production capacity is expected to further increase in the future.
Guangdong Haid Group Co., Limited's (SZSE:002311) Recent Stock Performance Looks Decent- Can Strong Fundamentals Be the Reason?
Haida Group: 2024 Annual Results Report
Guangdong Haid Group (002311.SZ) has a net income of 4.516 billion yuan in 2024, an increase of 64.73% year-on-year.
Guangdong Haid Group (002311.SZ) disclosed the annual performance report for 2024, with total operating revenue of 1146....
Express News | Guangdong Haid Group Prelim 2024 Net Profit up 64.7%
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The quarterly report of XINGZHENG Global Fund has been released! Xie Zhiyu has made significant adjustments to the portfolio, heavily investing in XIAOMI-W (01810).
Overall, the changes in holdings of products under Xie Zhiyu in the fourth quarter were significant. In the Xinchun He Yi Hybrid and Xinchun Social Value Three-Year Holding Hybrid, XIAOMI-W (01810) was newly included in the top ten and became the largest holding stock. Luxshare Precision Industry (002475.SZ) also received a large increase in holdings, becoming the largest holding stock in the Xinchun He Run Hybrid.
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Haida Group: 2024 Annual Results Forecast
Guangdong Haid Group (002311.SZ): It is expected that the net income in 2024 will increase by 55.04%-75.1% year-on-year.
On January 9, Gelonghui reported that Guangdong Haid Group (002311.SZ) announced an expected net income of 4.25 billion to -4.8 billion yuan for 2024, an increase of 55.04% to 75.1% compared to the same period last year. The net income excluding non-recurring gains is estimated at 4.05 billion to -4.6 billion yuan, an increase of 59.36% to 81.00% compared to the same period last year. The company always focuses on the main business of fodder, guided by the principle of 'creating value for customers', continuously strengthening its core competitiveness, and improving the product capability, professionalism, and regional coverage of its fodder. In 2024, the company is expected to achieve a fodder sales volume of approximately 26.5 million tons (including internal farming consumption of about 2.1 million tons.
Express News | Guangdong Haid Expects 2024 Net Profit up 55.0%-75.1%