On April 10, Jiangxi Zhengbang Technology Co., Ltd. (hereinafter referred to as “Zhengbang Technology”, 002157), a leading pig-raising enterprise in Jiangxi, announced the first quarter results forecast for 2020, saying that it is expected to make a profit of 850 million to 1 billion during the reporting period. Yuan, a loss of 414 million yuan in the same period last year.

Zhengbang Technology stated that during the reporting period, the company sold 1.0438 million live pigs, including 1.0265 million commercial pigs and 22,400 piglets. From January to March, the average sales price of commercial pigs (after deducting piglets) was 33.82 yuan / kg, 37.02 yuan / kg, and 34.90 yuan / kg, which were larger increases compared with the same period of last year. Turn losses into profit.

According to its March live pig sales report, from January to March, Zhengbang Technology has sold 1.0438 million live pigs, a year-on-year decrease of 37.88%; accumulated live pig sales revenue of 44.47 100 million yuan, an increase of 112.71% year-on-year.

Zhengbang Technology is a national leading enterprise in agricultural industrialization with feed production and sales, breeding of improved pigs, and pig breeding as the main industries. In 2018, Zhengbang Technology’s hog slaughter volume was 5.399 million heads, ranking third among A-share hog breeding companies.

The performance report shows that Zhengbang Technology will achieve operating income of 25.44 billion yuan in 2019, an increase of 15.05% year-on-year; net profit of 1.7 billion yuan, an increase of 777.53% year-on-year; 0.69 yuan, a year-on-year increase of 777.53%.

For the substantial increase in net profit, Zhengbang Technology said that the company ’s total operating income increased by 15.05% from the previous year, mainly because the hog price began to pick up in the second quarter of 2019. In October, it entered an ascending channel, and the sharp rise in hog prices has increased the company’s hog breeding sector’s income.

closed on April 10, Zhengbang Technology closed at 21.82 yuan / share, up 1.07%.