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Yisheng shares completed the introduction of 36,000 sets of grandparent chickens. Avian influenza caused the import volume to drop by 67.5% from January to February.
financial
2025-03-07 09:20
In January and February 2025, the amount of white-feathered broiler grandparent stock introduced into China was zero, and the overseas avian influenza epidemic has aggravated the supply pressure of domestic seed sources. In this context, Yisheng Co., Ltd. took the lead in breaking through the French introduction channel and became the only company that has achieved overseas grandparent stock renewal, providing a key guarantee for the stability of industry production capacity.
The overseas avian influenza continues to impact the grandparent stock introduction gap
In December 2024, highly pathogenic avian influenza broke out in Oklahoma, the United States (the only source of grandparent stock imported from the United States by China) and New Zealand, resulting in a complete suspension of the import of grandparent stock chickens from the United States (AA+, Ross308, Hubbard) and New Zealand (Cobb) in China. According to data from BOYAR and the International Livestock Network, the domestic grandparent stock renewal volume in January-February 2025 was only 83,000 sets, a year-on-year decrease of 67.5%, and all of it relied on domestic self-breeding, with zero overseas imports.
The suspension of introduction of new breeds directly affects the stock structure. In February 2025, the number of grandparent stocks in the rearing period decreased by 11.38% year-on-year and 7.66% month-on-month; the number of grandparent stocks in production decreased slightly by 0.24% month-on-month. Analysts believe that the contraction of grandparent supply will be further transmitted to the parent stock stage, and it is expected that the supply of parent stock chicks may face a shortage in the second half of 2025.
In addition, the price of commercial chicks experienced a brief fluctuation after the Spring Festival. Affected by the "duck epidemic" (I don't know what the duck epidemic is. s.s.) and the delay in the resumption of work of slaughtering enterprises, the price of chicks fell to 2.30 yuan per bird at the end of February. However, as the operating rate of the slaughtering end recovered in March, the price of chicks bottomed out and rebounded. As of March 6, the middle price of Shandong Dachang chicks rebounded to 2.85 yuan per bird, up 23.91% from the low point.
Yisheng shares broke through the bottleneck of introduction and its production capacity layout leads the industry
Yisheng shares' 2024 performance shows that the company achieved annual revenue of 3.136 billion yuan and a net profit of 512 million yuan attributable to the parent company. Among them, the sales revenue of chicks was 2.385 billion yuan, accounting for 76.1% of the total revenue. In terms of volume and price, the annual sales volume of chicks was 586 million, a year-on-year decrease of 9.3%; but benefiting from the tightening supply, the average sales price of chicks in the fourth quarter of 2024 reached 4.79 yuan per chick, a significant year-on-year increase of 61.8%.
Faced with the suspension of introduction of new breeds from the United States and New Zealand, Yisheng Co., Ltd. took the lead in opening up the French seed source channel. On March 6, 2025, the company's first batch of French Lifeng grandparent white-feathered broiler breeder chickens landed in Beijing, and it is planned to complete the second batch of introductions in mid-March, with a total of 36,000 sets of introductions that month. It is worth noting that in 2024, Yisheng Co., Ltd. imported 230,000 sets of grandparent breeder chickens, accounting for about one-third of the domestic market share. The breakthrough of the new channel is expected to consolidate its production capacity advantage.
Industry analysis points out that the current domestic grandparent stock renewal is highly dependent on overseas, and the introduction of breeds from the United States and New Zealand is unlikely to resume in the short term. As the only company that has obtained the French introduction qualification, Yisheng Co., Ltd. may have a first-mover advantage in the subsequent supply of parent stock chicks, and the release of its breeding pig production capacity will also provide support for business growth.
zhttps://baijiahao.baidu.com/s?id=1825896816505815020&wfr=spider&for=pc
financial
2025-03-07 09:20
In January and February 2025, the amount of white-feathered broiler grandparent stock introduced into China was zero, and the overseas avian influenza epidemic has aggravated the supply pressure of domestic seed sources. In this context, Yisheng Co., Ltd. took the lead in breaking through the French introduction channel and became the only company that has achieved overseas grandparent stock renewal, providing a key guarantee for the stability of industry production capacity.
The overseas avian influenza continues to impact the grandparent stock introduction gap
In December 2024, highly pathogenic avian influenza broke out in Oklahoma, the United States (the only source of grandparent stock imported from the United States by China) and New Zealand, resulting in a complete suspension of the import of grandparent stock chickens from the United States (AA+, Ross308, Hubbard) and New Zealand (Cobb) in China. According to data from BOYAR and the International Livestock Network, the domestic grandparent stock renewal volume in January-February 2025 was only 83,000 sets, a year-on-year decrease of 67.5%, and all of it relied on domestic self-breeding, with zero overseas imports.
The suspension of introduction of new breeds directly affects the stock structure. In February 2025, the number of grandparent stocks in the rearing period decreased by 11.38% year-on-year and 7.66% month-on-month; the number of grandparent stocks in production decreased slightly by 0.24% month-on-month. Analysts believe that the contraction of grandparent supply will be further transmitted to the parent stock stage, and it is expected that the supply of parent stock chicks may face a shortage in the second half of 2025.
In addition, the price of commercial chicks experienced a brief fluctuation after the Spring Festival. Affected by the "duck epidemic" (I don't know what the duck epidemic is. s.s.) and the delay in the resumption of work of slaughtering enterprises, the price of chicks fell to 2.30 yuan per bird at the end of February. However, as the operating rate of the slaughtering end recovered in March, the price of chicks bottomed out and rebounded. As of March 6, the middle price of Shandong Dachang chicks rebounded to 2.85 yuan per bird, up 23.91% from the low point.
Yisheng shares broke through the bottleneck of introduction and its production capacity layout leads the industry
Yisheng shares' 2024 performance shows that the company achieved annual revenue of 3.136 billion yuan and a net profit of 512 million yuan attributable to the parent company. Among them, the sales revenue of chicks was 2.385 billion yuan, accounting for 76.1% of the total revenue. In terms of volume and price, the annual sales volume of chicks was 586 million, a year-on-year decrease of 9.3%; but benefiting from the tightening supply, the average sales price of chicks in the fourth quarter of 2024 reached 4.79 yuan per chick, a significant year-on-year increase of 61.8%.
Faced with the suspension of introduction of new breeds from the United States and New Zealand, Yisheng Co., Ltd. took the lead in opening up the French seed source channel. On March 6, 2025, the company's first batch of French Lifeng grandparent white-feathered broiler breeder chickens landed in Beijing, and it is planned to complete the second batch of introductions in mid-March, with a total of 36,000 sets of introductions that month. It is worth noting that in 2024, Yisheng Co., Ltd. imported 230,000 sets of grandparent breeder chickens, accounting for about one-third of the domestic market share. The breakthrough of the new channel is expected to consolidate its production capacity advantage.
Industry analysis points out that the current domestic grandparent stock renewal is highly dependent on overseas, and the introduction of breeds from the United States and New Zealand is unlikely to resume in the short term. As the only company that has obtained the French introduction qualification, Yisheng Co., Ltd. may have a first-mover advantage in the subsequent supply of parent stock chicks, and the release of its breeding pig production capacity will also provide support for business growth.
zhttps://baijiahao.baidu.com/s?id=1825896816505815020&wfr=spider&for=pc