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Abstract
On May 23, 2007, the overall average price of pork in Chinese 286 agricultural product wholesale markets reached RMB15.96 per kilogram, seeing a year-on-year growth of 53.7%. Shineway Group now purchases live hogs at the price of RMB 11.5-11.8 per kilogram, reaching a quite high level.
Among the business structure of Shineway, fresh frozen meat occupies 36.68% of the main business revenue. Among Shineway's 11.3 million slaughter hogs, 70 percent is made of cold fresh meat and 30 percent for frozen meat, while 18-20% of total pork is processed into meat products.
Shineway's hog slaughter capacity reaches 14 million. It plans to slaughter 13.1 million live hogs in 2007, while its subsidiary company Shineway Investment & Development Co., Ltd intends to slaughter 5.25 million hogs. Several plants are not further expanded. It is forecast that Shineway Investment & Development Co., Ltd will not greatly improve slaughter amount. However, as pork price continues to rise, the revenue growth of its cold fresh meat will be at a high level.
Profit Structure of Shineway's Main Business, 2006
Main Business of Shineway by Sectors, 2006
Table of Content
1 Completion of stock transfer work and implementation of some procedures
2 Pork price rise: a challenge as well as an opportunity
3 Combination of upstream-downstream expansion and horizontal expansion
4 Stable and powerful sales channel: a key for development of cold fresh meat business
5 Network and development of new product guarantee the rapid development of meat products business
6 No plans of group assets injection and stock incentive for now
Selected Charts
Price trend of piglet, live hog and pork in China
Structure of Shineway's main business revenue, 2006
Profit structure of Shineway's main business, 2006
Proportion of related sales declined in recent years
Proportion of related purchase improved
Main business status of Shineway by sector
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Published Time |
Pages |
Publisher |
Price |
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June/2007 |
14 |
ResearchInChina |
$299(PDF) |
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$299(Hard Copy) |
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