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"Pig farmer" 15 months of continuous loss 21.2 billion! $9.9 billion in the last 14 years

via:快科技     time:2022/6/12 22:00:54     readed:65

On the evening of June 8, zhengbang Technology, a head pig producer, admitted that 542 million yuan of business tickets were overdue due to tight liquidity.

Between June 9 and 10, Zhengbang's share price fell to its lowest level in nearly three years, down 11.18%.

By the end of June 10, Zhengbang technology's share price was 5.48 yuan per share, with a market value of 17.2 billion yuan, which has lost 80% of its market value from its peak of 80 billion yuan in 2020.

Financial data show that Zhengbang Science and Technology in 2021 losses of 18.8 billion yuan, in the head of pig enterprises in the first quarter of this year, another loss of 2.433 billion yuan, net assets only 653 million yuan.

Within 15 months, Zhengbang's losses totaled 21.2 billion yuan.

In the 14 years since it went public in 2007, Zhengbang's net profit totaled 9.9 billion yuan.

To make matters worse, As of the end of the first quarter of 2022, Zhengbang Still had 20 billion yuan of interest-bearing liabilities. Investors have suggested a quick debt restructuring to preserve capacity.

October 2019, & LDquo; The first stock of pig raising ” Eagle farming and animal husbandry because of capital chain rupture, millions of pigs starved to death, bankruptcy withdrawal.

Zhengbang attributed the loss to a sharp fall in pig prices.

Due to the shortage of global pork supply caused by African Swine fever, the pig price had been soaring for 19 months in a row. Until 2021, the number of pigs and breeding sows in China gradually returned to normal, and the pig price fell sharply.

According to the data,In the first week of June 2022, the national hog price was 8.2 yuan per catty, rising for 11 consecutive weeks since the end of March, with a total increase of more than 40%.

In 2021, Zhengbang Technology sold 14.926,700 pigs, ranking second in the country, but its gross margin fell to -45.88% from 27.4% in 2020.

It is time for pig breeding enterprises to be almost completely wiped out in 2021. Wen's shares and New Hope will suffer losses of 13.4 billion yuan and 9.6 billion yuan respectively, and only Mukihara Shares will make a net profit of 6.9 billion yuan.

It is worth mentioning that,Lin Yinsun, founder of Zhengbang Technology, was the richest man in Jiangxi province with 32 billion yuan in 2020, but his wealth shrank to 24.5 billion yuan in 2022.


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