中國聖牧(01432.HK)盈警:預期中期虧損1.3億至1.5億元
格隆匯8月2日丨中國聖牧(01432.HK)公吿,截至2024年6月30日止六個月,預期集團將錄得集團母公司擁有人應占虧損人民幣130百萬元至人民幣150百萬元之間,而2023年同期集團母公司擁有人應占溢利為人民幣23百萬元。
報吿期間集團母公司擁有人應占估計虧損主要歸因於以下因素:1、收入規模及毛利額同比下降:受國內原料奶供需失衡影響,報吿期間原料奶售價呈持續下降趨勢,導致集團銷售收入規模同比下降;雖銷售量增長及運營成本降低,但不足以完全抵銷原奶價格下降對毛利額的影響;2、公平值變動產生的虧損增加:為應對原料奶供需失衡影響及升級牛羣結構,集團主動退役低效牛隻數量同比大幅增加,同時疊加牛肉市場價格低迷,造成生物資產公平值減銷售費用的變動產生的虧損較2023年同期增加;3、肉牛市場不理想:報吿期內,肉牛需求比預期弱且銷售價格大幅下降,導致集團育肥牛銷售虧損額較同期增加。
雖然公司業績因行業供需失衡而同比回落,但公司繼續在逆境尋求發展,強化整體管理能力,提升運營效益,核心業務發展穩固。報吿期間,牛羣質量、成母牛單產、繁育水平均錄得令人鼓舞的增長,尤其在成乳牛年化平均單產,同比提升約10.3%,首次突破12噸。
科技賦能、提質增效已成為行業共識,公司數字化戰略取得階段性成果,智慧化牧場建設於上半年全部完工並投入使用,未來更有利於公司提升運營效益、強化精益管理。同時,集團基於當前進口奶牛成本大幅下降,從澳大利亞進口高質量荷斯坦奶牛(育成牛)3,600餘頭,提升乳牛羣質量的同時,也是對未來產業週期回暖積極預判下的戰略佈局。
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