Yurun Foods is expected to lose HK$700 million in the first half of the year

The reading: Yurun Food Group issued a profit warning on July 14. It is expected that the net profit will be converted to profit in the first half of this year compared with the same period of 2014, and the expected loss is no less than HK$700 million. According to the public financial report data, Yurun's turnover from 2011 to 2014 has been declining for four years to HK$32.315 billion, HK$26.78 billion, HK$214.40 billion and HK$19.158 billion, respectively.

Yurun Foods is expected to lose HK$700 million in the first half of the year

According to information released by Yurun Group's official website, Yurun's slaughter production capacity has reached 55.65 million heads, ranking first in the world. In an interview with the Beijing News reporter, Mauriong, an agricultural analyst at Eastern Iger, said that pork prices have continued to fall, production costs have risen, and there has been a serious overcapacity in the industry, coupled with weak demand. This has made losses in the pork industry more common in the past two years.

Yurun Food's performance has declined and the amount of losses has been so large. Some industry observers believe that apart from the overall factors of the pork market, the company's operating methods and financial status are also questioned.

"Parental forced marriage suspended business" fast food restaurant intimate notice

“They are the parents of the shop owner and they say they are not in business.” Li Hongbo, the shop manager, said that at that time, it was the meal. There were more than 20 customers in the shop. The two elderly people stopped the customers from entering the shop at the door. Li Hongbo hurriedly reported the matter to the boss. The boss Lee printed a few “Pay Parents Suspended for Business Inconvenience and Please Forgive” notification posted on the store door.

Hearing that his son had a shop, Lee's father rushed to the shop and Lee immediately informed the store of the "parental forced marriage" notice. "When Lee's father arrived at another shop, he saw the sign of 'parental forced marriage' on the door angry. He took the stool and smashed the computer on the cash register."

The number of live pigs dropped for 13 consecutive months

After entering the summer, pork consumption has also entered the traditional off-season. According to past experience, the price of pork at this time has fluctuate little, but since mid-April, pork prices have begun to rise all the way.

According to public reports, according to the Xinhua News Agency's national agricultural and sideline products and agricultural materials price system monitoring data, the price of pork in the country has risen by more than 15% since mid-April. Compared with April 16, on July 14th, the price of post-hip meat and pig pork increased by 15.1% and 15.0% respectively. From a regional point of view, more than 90% of the province's pork prices rose, including Liaoning, Jilin, Heilongjiang, Shanxi pig rear hip tip and pig five

Flesh meat prices are among the top gainers, between 26.3% and 48.2%.

Modern animal husbandry 1.9 billion Hong Kong dollars purchased two joint venture ranch KKR and CDH hold 9% stake

On July 6th, China Modern Animal Husbandry announced that it will purchase 82% of the joint venture ranch of Shanghe and Jinan, a joint venture with KKR and CDH, for approximately HK$1.9 billion, making it a modern company. A wholly owned subsidiary of animal husbandry.

At the same time, Hutchison Animal Husbandry will issue approximately 477 million new shares to KKR and CDH at a price of HK$4.00 per share. The new stock price represents a premium of approximately 55% to the closing price of Hutchison Modern Dairy on July 3. After the transaction is completed, the two private equity funds will jointly hold 9% of the shares of the modern animal husbandry listed company.