1. Company Profile
Tangrenshen Group Co., Ltd. is a national key leading enterprise in agricultural industrialization with an integrated industrial chain built around pig breeding.
The company's main products include feed (pig feed, poultry feed, aquatic feed), fresh meat and various meat products, breeding pigs, animal health products, etc. "Tangrenshen", " The "Camel" brand is a well-known trademark in China, and the "Tangrenshen" meat products and "Camel" brand feed are both Chinese famous brand products. "Meishen" seeds have passed the US NSR certification and reached the level of simultaneous breeding in the United States. The group ranks among the top ten in the feed and meat industries, and has entered the top 500 of China's manufacturing industry. In 2009, in the Chinese meat products market in Hunan, "Tangrenshen" meat products ranked first in market share, with a market share of 68%. In November 2009, the company was recognized by the Hunan Provincial Federation of Industrial Economics, the Hunan Provincial Enterprise Federation and the Hunan Provincial The Entrepreneur Association *** unanimously rated it as "Top 100 Enterprises in Hunan" and "Top 50 Manufacturing Enterprises in Hunan". In December 2009, the company was rated as "Top Ten Star Units in Hunan's New Rural Construction" by Hunan Daily Newspaper Group and Hunan Socialist New Rural Construction Promotion Association. In March 2010, the company was jointly approved by the Ministry of Agriculture, the National Development and Reform Commission, the Ministry of Finance, the Ministry of Commerce, the People's Bank of China, the State Administration of Taxation, the China Securities Regulatory Commission, and the All-China Federation of Supply and Marketing Cooperatives as a "national key leading enterprise in agricultural industrialization" ".
2. Company legal person
The company’s independent board of directors includes Tao Yishan, Sun Shuangsheng, Guo Yonghua, Jiang Fan, Zhang Shaoqiu, Huang Guosheng, Tao Ye, Huang Xiyuan, and Yu Xinglong, official website/.
3. The company’s business scope
1. Production of compound feed and concentrated feed (operated with a valid feed production enterprise examination certificate)
2. Production of additives Premixed feed (operated with a valid additive premixed feed production license)
3. Breeding livestock and poultry seedlings (limited to branches operating with a breeding livestock and poultry production and operation license) and the above products for self-sale.
4. Feed raw material trade, feed technology research and development, technical services and import and export business (commodities involving quota license management and special regulations management shall be handled in accordance with relevant national regulations).
4. Company Operation Analysis
During the latest financial report period, in the first half of 2017, as pig prices ended their long-term high price trend, the pig industry entered a period of structural adjustment, transformation and upgrading. During the critical period, the company adheres to the integrated business model of the whole pig industry chain and the big food development strategy, increases the business expansion of the pig raising end and the consumer end (meat products), and strengthens the integration of internal resources in the three major industries of feed, pig raising, and meat products. , promote horizontal and vertical industry collaboration, focus on the meat industry, use mergers and acquisitions, reorganization, process reengineering, and talent structure optimization as means to break through the bottlenecks in the matching development capabilities of the industry chain, and centrally transform it into the creation of product competitiveness, and continue to reduce costs and expenses , boldly innovated business models, reconstructed the value chain of the company, dealers, customers, and employees, achieved significant improvements in product structure, customer structure, and regional structure, and continued to maintain rapid growth in sales and profits. During the reporting period, the company achieved operating income of 653,050.61 million, an increase of 41.88% over the same period last year; the net profit attributable to shareholders of listed companies was 137.7396 million yuan, an increase of 106.67% over the same period last year.
5. Recent company news
1. Tangrenshen announced the third quarter report of 2017. The company achieved operating income of 10.354 billion yuan in the first three quarters, a year-on-year increase of 32.40%, and achieved a net profit of 2.13 billion, a year-on-year increase of 58.21%, and earnings per share of 0.269 yuan. In addition, the company released a 2017 performance forecast, predicting that the company's net profit for 2017 will be 280 million yuan to 340 million yuan, compared with 201 million yuan in the same period last year, a year-on-year increase of 40% to 70%. It is estimated that more than 550,000 pigs will be sold in 2017, a year-on-year increase of 125%, which will make up for the negative impact of the year-on-year decline in pig prices and drive a year-on-year increase in pig profits. It is worth noting that after Tangrenshen proposed the strategic positioning of "China's leader in good sausages", the company's meat food business upgraded, profitability improved significantly, and sausage sales increased significantly by nearly 30%. The financial report shows that in the first half of 2017, the company's meat business achieved revenue of 289 million yuan, a year-on-year increase of 18.83%. As the meat food business enters the peak consumption season in the fourth quarter, the company believes that this business segment will accelerate growth.
2. Tangrenshen (002567) revealed in the latest "Investor Relations Activity Record" that the company is expected to produce more than 500,000 pigs for slaughter in 2017 and more than 800,000 pigs in 2018. Among the pigs sold for slaughter in 2017, there were more than 300,000 pigs from the headquarters and more than 200,000 from Longhua Agriculture and Animal Husbandry, with piglets accounting for a larger proportion.
6. Survey on the main competitors in the industry
According to Flush's industry classification ranking: the main competitors of "Tangrenshen" are: Hefeng Animal Husbandry, Tianbang Shares, Ao Agricultural biology and other companies.