toppokerplayersofalltime| Pig slaughter increased by 75% year-on-year. New Wufeng's revenue in 2023 is 5.632 billion yuan

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The number of live pigs increased by 75% compared with the same period last year. Wufeng's revenue in 2023 was 56.Toppokerplayersofalltime.3.2 billion yuan Securities Times online newsToppokerplayersofalltimeOn the evening of April 19th, New Wufeng (600975) released its 2023 annual report, and the company achieved revenue of 56% for the whole year.Toppokerplayersofalltime.32 billion yuan, an increase of 12.52% over the same period last year, belonging to the net profit of shareholders of listed companies-12.03.

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The number of live pigs increased 75% year on year. The revenue of New Wufeng in 2023 was 5.632 billion yuan. On the evening of April 19, New Wufeng (600975) released its annual report for 2023, showing that the company's annual revenue was 5.632 billion yuan, an increase of 12.52% over the same period last year. The net profit of shareholders belonging to listed companies is-1.203 billion yuan. In 2023, the pig farming industry as a whole is facing a difficult time, but the new Wufeng does not retreat but advance, expand capacity in an orderly manner, and lay a solid foundation for follow-up high-quality development through capital operation, reserve expansion and operating funds. New Wufeng said that the performance loss was mainly due to the continuous decline in pig prices and the sharp decline in profits in the breeding business compared with the same period last year. In addition, due to the decline in pig prices, the company has made provisions for inventory price reduction for the expendable biological assets in the stock column in accordance with the provisions of corporate accounting standards and the principle of prudence. In 2023, the domestic pig market continued to fluctuate at the bottom due to the superimposed influence of multiple factors, such as the production capacity growth of the pig breeding industry, the relatively high price of feed raw materials, weak consumer demand and so on. Pork prices fell 13.6% in 2023, and the pig farming industry as a whole is facing a difficult time, according to the National Bureau of Statistics. However, the new Wufeng countercurrent, actively respond to market challenges, scientific layout of aquaculture, feed, slaughtering and other production capacity to achieve orderly expansion, and through capital operation reserve sufficient expansion and operating funds, laid a solid foundation for the company's follow-up high-quality development. In terms of pig farming, the production capacity of New Wufeng has maintained a rapid growth rate. During the reporting period, the company delivered 7 sow farms and increased the stock size of sows by 51600.Toppokerplayersofalltime27 fattening pig farms were delivered, with an annual production capacity of 694600 new fattened pigs. On the basis of an increase of 122.32 per cent in 2022, New Wufeng achieved 3.2 million live pigs in 2023, an increase of 75 per cent again, making it one of the fastest growing farming enterprises in the industry. In terms of feed production, New Wufeng already has a feed production capacity of nearly 1.2 million tons. During the reporting period, the company's feed self-sufficiency capacity was significantly enhanced. The Dongan new Wufeng feed plant project with an annual output of 240000 tons was officially put into operation, completed the acquisition of Wangling Wu2, and increased the annual feed production capacity by 120000 tons. In addition, Tianxin seed Industry, together with Lianshan Industrial Park with an annual output of 180000 tons of feed factory project and Hanshou high-tech zone annual output of 240000 tons of feed plant project, has been completed and trial production. In terms of slaughtering capacity, New Wufeng has completed the annual slaughtering capacity distribution of 2.05 million pigs. During the reporting period, Ningyuan Shun new slaughtering cold chain distribution project was put into trial operation, with an additional annual slaughtering capacity of 500000 heads; under construction of the Chengbei slaughterhouse project in Suxian District, Chenzhou City, it is estimated that the annual slaughtering capacity will be increased by 850000 heads. It is worth mentioning that since its establishment, New Wufeng has been engaged in the business of supplying live pigs to Hong Kong and Macao and is one of the major exporters of live pigs in China. In 2023, the export volume of New Wufeng, Hong Kong and Macao increased by 28.75% compared with the same period last year. By giving full play to the role of the Hong Kong and Macao market and grabbing the price situation in the Hong Kong and Macao market, the company achieved performance and efficiency. During the reporting period, pig farms supplied pigs to Hong Kong and won the Hong Kong market champion 72 times. Capacity expansion in an orderly manner at the same time, the new Wufeng also through capital operation to further consolidate the strength of breeding, enhance the company's ability to resist risks. In 2023, New Wufeng raised 1.551 billion yuan by issuing an inquiry to 20 specific targets at 8.39 yuan per share. In addition to some of the funds raised through this issue, in addition to paying the cash consideration for this restructuring and replenishing liquidity, the company's subsidiary Tianxin seed Industry has obtained 711 million yuan in construction funds for five fund-raising projects, which can further consolidate the new Wufeng breeding system and greatly enhance the strength of the company's pig industry. New Wufeng said that in accordance with the strategic layout of "strengthening Hunan and its surrounding areas and laying out Guangdong-Hong Kong-Macau Greater Bay Area", the company will strive to promote pig production expansion, cost reduction and efficiency, and implement the gradual transformation from "scale + benefit" to "benefit + scale". Continue to expand horizontally and vertically extend the industrial chain, and make every effort to build a standardized, large-scale and intelligent pig industry. (Hu Min) proofread: Yao Yuan