① Haida Group achieved a net profit of 2.252 billion yuan in the first three quarters, an increase of 7.13% over the same period last year; operating income of 86.926 billion yuan, an increase of 10.1% over the same period last year; and ② Q3 net profit increased by 66.26% month on month. Industry insiders pointed out that the peak season of aquatic feed demand in the third quarter boosted the performance.
Financial Associated Press, October 19 (Reporter Liu Jian Wang Ping an)The pig market in the third quarter continued its depressed trend in the first half, but 002311.SZ still achieved double growth in revenue and profit in the first three quarters, thanks to feed and animal protection business. "similar to the previous semi-annual report, the company's feed and animal protection businesses supported the steady growth of the company's performance in the first three quarters as a whole. However, due to the continuation of the depressed trend of the pig market in the first half of the year, the company's net profit in the third quarter declined to a certain extent compared with the same period last year. " Some people in the industry have pointed out.
This evening, Haida Group released its three-quarter report, saying that its operating income in the first three quarters of 2023 was 86.926 billion yuan, up 10.1 percent from the same period last year; its net profit was 2.252 billion yuan, up 7.13 percent from the same period last year; and the net profit in the third quarter was 1.151 billion yuan, down 2.69 percent from the same period last year.
From a month-on-month point of view, the company Q3 achieved revenue of 34.19 billion yuan, return to the mother of the net profit of 1.151 billion yuan, an increase of 66.26%. "the Q3 net profit of aquatic feed enterprises generally shows significant month-on-month changes, mainly because the third quarter is the peak season of aquatic feed demand, aquatic feed feeding will increase significantly." The aforementioned person pointed out that.
It should be noted that although the company's performance grew steadily in the first three quarters, the gross profit margin decreased to a certain extent in the third quarter compared with the same period last year. The company's gross profit margin in the third quarter was 8.47%, down 0.76 percentage points from the previous quarter, and 0.95 percentage points lower than the same period last year.
In addition, the impact of weather fluctuations on the industry can not be ignored. According to the company's recent announcement, due to the fact that the external sales of aquatic products and pig feed in the third quarter were frequently affected by typhoons, continuous and concentrated heavy rain led to lower than expected sales, the performance evaluation indicators of the employee stock ownership plan in 2023 were adjusted. The original "2023 company feed sales increment of not less than 3 million tons" to "increment of not less than 2.6 million tons", that is, the company feed sales volume of not less than 22.84 million tons in 2023.
Looking forward to the future, some institutional personages pointed out that the cold winter of the industry has lasted for two years, and the production capacity of aquaculture and feed has been eliminated obviously, and it is expected to meet the boom cycle next year and the year after next. Fish prices remain in the doldrums, especially since the beginning of this year, the willingness of farmers to put in seedlings and feed is poor, and the aquaculture industry as a whole, especially water feed, has declined significantly. Taking into account the continued destocking of aquatic products (the seedling density of some varieties is down 20% and 30% compared with the same period last year), fish prices are expected to increase from the end of this year to next year, and demand for aquatic products is expected to recover.