DeKang Agriculture and Animal Husbandry (02419) rose more than 6%, as of press time, up 6.61%, at HKD 47.55, with a turnover of HKD 3.5154 million.
According to the news from the Zhitong Finance and Economics APP, DeKang Agriculture and Animal Husbandry (02419) rose more than 6%, as of press time, up 6.61%, at HKD 47.55, with a turnover of HKD 3.5154 million.
On the news front, DeKang Agriculture and Animal Husbandry's mid-term performance in 2024 showed that the group achieved an income of RMB 9.407 billion, a year-on-year increase of 25.35%; the equity shareholders of the company accounted for a surplus of RMB 1.766 billion, compared with a loss of RMB 2.353 billion in the same period last year. In the first half of the year, the profit before fair value adjustment of biological assets was RMB 0.363 billion, compared with a loss of RMB 1.118 billion in the same period last year.
CICC believes that the main reason for the significant improvement in the first half of the year is the recovery of livestock and poultry prices and the rapid decline in breeding costs. The bank pointed out that the company's strategy focuses on the hog farming business, promoting high-quality and rapid growth of production. At the same time, cost reduction has been rapidly progressing, and the financial situation has further improved. Kaiyuan Securities also pointed out that due to the cautious replenishment of sows in the industry, it is expected that pig prices will remain high in the second half of the year, and the hog farming sector will gradually enter a phase of high-profit realization.