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廣南(集團)(01203.HK)預計前三季度純利同比下降約30%
格隆匯 10-18 19:21

格隆匯10月18日丨廣南(集團)(01203.HK)公佈,預期截至2021年9月30日止九個月公司股東應占的未經審核綜合溢利將較2020年同期下降約30%。

此溢利下降主要是由於(i)在中國,2019-2020年受非洲豬瘟影響,豬肉價格創歷史新高,非洲豬瘟基本得到控制後,為了確保肉類供應,農業和農村部、國務院先後四次發佈了"加快恢復生豬生產能力"的相關文件,各活豬養殖企業紛紛擴大產能,其他行業企業也紛紛跨界養豬。致使2021年生豬行業產能及供應過剩,生豬銷售價格大幅下降,全國生豬出欄價從年初至今下跌70%,經營活豬養殖及銷售的兩間聯營公司的利潤較去年同期大幅下降;及(ii)本期玉米原材料價格受大宗商品價格上升及養殖業擴產能消耗飼料大幅增加影響而上漲,2021年上半年玉米價格同比上漲37%,同時下游企業對玉米澱粉需求下滑,玉米澱粉銷售價格下跌並出現與玉米原材料價格倒掛情況,導致聯營公司黃龍食品工業有限公司於期內的虧損擴大。

然而,(i)鮮活食品業務本年新拓展的屠宰業務及國內凍肉貿易批發零售業務所形成新的利潤增長;另外,(ii)馬口鐵出口業務成功爭取向客户提價以降低退税政策影響,以及預判大宗原料持續升價,提前備貨鎖定採購價格,提升馬口鐵銷售單位毛利,利潤較去年同期大幅增加。此兩個業務利潤增幅抵銷了上述聯營公司利潤下降的部分影響。

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