Wenshi Co., Ltd. released the half-year report of the first half of the year, the report shows that the company's operating income in the first half of the year reached 41.189 billion yuan, a year-on-year increase of 30.61%, but the net profit lost 4.689 billion yuan, showing an increasing trend compared with the loss of 3.524 billion yuan in the same period last year.
During the reporting period, the company's main pig industry and yellow feather chicken industry were in the trough of the cycle, which was also one of the important reasons for the loss. The pig and broiler market is sluggish, and the company is facing the challenge that the selling price is lower than the cost of breeding. Especially in the main breeding business, the sales price of pigs and broiler chickens are lower than the comprehensive cost of breeding, which directly leads to a decline in performance.
In the face of these challenges, Wenshi has not forgotten its original intention and actively sought a turnaround. During the trough period, the company strengthened internal management, improved production efficiency, and increased investment in research and development, seeking new technologies and innovations to reduce production costs and increase product added value. In addition, the company has also actively expanded sales channels and sought broader market space.
Despite the serious losses in the semi-annual report, we may be able to look forward to the recovery and development of the aquaculture industry, bringing more hope and opportunities for the future.
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