Dabeinong announced that its commercial hog sales revenue in June was 366 million yuan, a sharp year-on-year decline of 25.91% and a month-on-month drop of 7.58%, with the average selling price at only 9.44 yuan per kilogram, falling into an operating dilemma of rising slaughter volumes but sharply shrinking revenue. The monthly slaughter volume was 313,400 head, up 12.33% year-on-year but down 6.95% month-on-month, clearly showing a divergence between volume and price. In the first half of the year, cumulative slaughter volume reached 2.1016 million head, up 26.43% year-on-year, while cumulative sales revenue was only 2.679 billion yuan, down 11.26% year-on-year, further highlighting the predicament of increasing volume without increasing revenue. The company cautioned that sharp fluctuations in hog prices are a systemic external risk for the entire industry, and that these sales figures are unaudited and may change in subsequent official reports.
Beijing Dabeinong Technology Group Co LtdJune hog sales revenue plunged 25.91% YoY despite higher slaughter volume, indicating weak end-market demand and falling prices.