freeonlineslotsforfun| Research report Nuggets 丨 China International Capital: Maintain Wen's "outperform industry" rating target price of 25 yuan

The CICC research report pointed outfreeonlineslotsforfun, Wen's Shares (300498)(300498freeonlineslotsforfun.SZ) Production efficiency has improved rapidly and the combined cost of feed raw materials in the industry has dropped, and the cost improvement has been significant. Overall, the company's comprehensive cost of pig breeding in April/complete cost of chicken slaughter dropped to 14.freeonlineslotsforfun.4/12.2 yuan/kg, month-on-month-0.4/-0.4 yuan/kg, year-on-year-2.4/-1.8 yuan/kgfreeonlineslotsforfunAt the same time, among the 16 provincial-level regional pig breeding units, 7 have comprehensive costs below 14 yuan/kg. Recently, pig prices have risen, and it is judged that the company has initially achieved profits. According to Yongyi Consulting, the pig price on May 15 was 15.37 yuan/kg, which is already higher than the company's complete cost. Moreover, we judge that the price of 2Q24 pigs will rise quarter by quarter, and the company's profit elasticity is expected to be released quarter by quarter. Maintain the "Outperform Industry" rating and target price of 25 yuan.

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