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China - Large feed company has cut off feed supply in many places due to "tight liquidity" - July 23, 2022

sharon sanders

Editor-in-Chief & President
The pre-loss in the first half of the year was 4 billion, and it was revealed that the "big pig farmers" could not afford pig feed, and it was difficult to refund the deposit


2022-07-23 15:24

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On July 23, according to a report by the Financial Associated Press, many pig farmers in Zhengbang Technology, a "big pig farmer", have experienced different levels of feeding problems, and they are also facing difficulties in settlement and deposit refunds.



According to the report, due to the division of powers and responsibilities, after Zhengbang Technology has cut off feed supply in many places, even if they watch the pigs starve to death, they are reluctant to advance the purchase of feed. Previously, there had been farmers who paid for the purchase of feed for Zhengbang Technology, but after Zhengbang Technology pulled the pigs away, the advance was not only not settled, but also not mentioned.



Farmers said that some pigs were starved to death due to the impact of feed cuts, and even the phenomenon of pigs eating pigs appeared.



A few days ago, there has also been a problem of being in arrears in the maintenance fees of the surrogate farmers. In order to protect themselves, some surrogate farmers chose to "sell" the company's pigs.



Zhengbang Technology's capital crisis seems to have a clue. Due to the sluggish market in the pig industry, Zhengbang Technology's sales performance in the first half of the year is still in a downward trend. In the first half of 2022, Zhengbang Technology's net profit attributable to its mother is expected to lose 3.8 billion to 4.6 billion yuan. Yuan, an increase of 165.72% to 221.66% over the same period of the previous year. The number of live pig sales decreased by 30.75% year-on-year to 4,845,200.



In early June, Zhengbang Technology also attracted market attention due to the overdue incident of over 500 million commercial tickets. As for the reason for the default, Zhengbang Technology explained that it was "tight liquidity".


zhttps://baijiahao.baidu.com/s?id=1739127314805801846&wfr=spider&for=pc
 
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