The annual performance forecast of 2021 disclosed by Zhengbang Technology showed a net profit loss of CNY 18.2 to 19.7 billion (USD 2.9 to 3.1 billion) for shareholders of listed companies, which is 416.84% to 442.96% lower than the same period of the previous year. The loss ranked first among Chinese pig farming companies.
Other China’s leading pig breeding companies, such as Wen’s and New Hope Liuhe, also had poor performance with revenue and net profit declined. Wen’s faced the loss of CNY 13.3 billion (USD 2.1 billion) in 2021 net profit, which fell 279.61% YoY. New Hope might face a loss of CNY 8.6 to 9.6 billion (USD 1.4 to 1.5 billion), which fell 273.94% – 294.17% YoY.
Tianbang, Aonong Bio, and Tang Ren Shen have also suffered losses. Even “Pig in Maotai” Muyuan fails to escape the situation of lower performance. The company may have the CNY 6.5 to 8 billion (USD 1 to 1.3 billion) in 2021 net profit, which fell 70.86%-76.32% YoY.