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Chinese agri-giant Wens’: A net loss of USD 385.2 Mln; pig farming-11.63%
Due to the sharp drop in pig prices and the increase in feed ingredients prices, Wens’ 2021 half-yearly report shows a net loss of about CNY 2.5 billion ($384.5 million) in the first half of this year. In contrast, the net profit in the same period last year exceeded CNY 4.15 billion ($638.3 million). Its operating revenue also fell nearly 15% YOY to CNY 30.63 billion ($4.71 billion).
