The listed companies are mandated to release their 2022 earnings outlook and profit forecasts by January 31. As instructed by the China Stock Exchange, a listed company shall promptly issue a profit warning if it forecasts a negative annual net profit, an over 50% increase/fall in profit, or if it has turned losses into profits compared with the same period of the previous year.
According to the statistics compiled by “AgriPost.cn”, the top ten listed pig companies in China in 2022, including the HK-listed listed COFCO Joycome, have all issued earnings forecasts. These companies fit all three criteria for financial disclosure: 4 of them (New Hope, Zhengbang Technology, Aonong Bio, TECH-BANK) made losses in the pig farming business; 4 of them (Wen’s, Da Bei Nong, Haid Group, Tang Ren Shen Group) have turned losses into profits; Muyuan was “leaps and bounds ahead” and delivered a substantial profit; COFCO Joycome, a member of “national team”, unexpectedly turned from profit to loss.
2022 Annual Hog Sales and Earnings Forecasts by Top-10 Hog Producers in China
