Tianbang shares are expected to turn around in the first quarter, and net profit has previously increased by more than 2 times

Tianbang shares are expected to turn around in the first quarter, and net profit has previously increased by more than 2 times
On April 6, Tianbang Foods Co., Ltd. (hereinafter referred to as “Tianbang Shares”) issued a performance forecast for the first quarter of 2020, which is expected to reverse losses and make profits 4.5 ppm-5,000,000, repeat 3 compared with the same period of last year.3.5 billion growth 234.21% -249.13%.Tianbang shares pointed out that the reason for maximizing performance is mainly due to the pig breeding business.Air Force sales briefings show that from January to March 2020, Tianbang shares sold a total of 51 commodity pigs.370,000 heads, down 32 a year.64%; achieved sales revenue of 16.23 trillion, up 60 every year.45%.In Tianbang’s view, the performance contribution in the first quarter was a result of overlapping industry factors and internal management.In the first quarter of 2019, the hog farming industry was at a cyclical low, overlapping with the pre-sale due to the African swine fever epidemic, the sales price of hogs declined, and the industry fully replaced.However, through the spread of the African swine fever epidemic, the industry’s production capacity has been reduced. From the second quarter of 2019, the sales price of live pigs has entered an upward channel.As of the first quarter of 2020, the sales price of live pigs has been running at a high level. Once there is an increase, the sales of commodity pigs in the first quarter of Tianbang shares decreased, but the income increased.At the same time, Tianbang has sold some piglets with higher gross profit margins according to market conditions.Although the number of fattening pigs slumped, the weight of slaughtered pigs returned to normal, and the gross profit margin continued to increase.Under the combined influence, Tianbang shares believe that its first quarter results are expected to bring about a turnaround.Sauna, Ye Wang Wang Siyang editor Li Yan proofreading Liu Baoqing

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