The Zhitong Finance App learned that Dekang Agriculture and Animal Husbandry (02419) rose by more than 4%. As of press release, it had risen 4.49% to HK$52.4, with a turnover of HK$2.3631 million.

According to the news, according to the China Securities Report, up to now, all 10 listed companies in the A-share pig breeding sector have issued performance forecasts for the first half of 2024. Of these, 5 have reversed losses and 5 have reduced losses. Judging from sales briefs issued by pig companies, the recovery in pork prices has brought about a continuous recovery in corporate profitability. According to the latest data from the Ministry of Agriculture and Rural Affairs, in May 2024, the net profit of large-scale pig farming was 174 yuan per head, an increase of 29.6% over the previous month.

CICC previously pointed out that Dekang's agricultural and animal husbandry cost advantage is strong, or that its contribution exceeds the profit margin. The bank estimates that the company's average initial net loss in '23 was 181 yuan, which was lower than the industry level. Huatai Securities said that pig prices are expected to reach a new high in the second half of this year, and pig companies are expected to enjoy a longer period of profit recovery in the current cycle. The subsequent rise in pig prices and the further release of profit flexibility are expected to positively catalyze the pig breeding sector.