According to the semi annual report released by Tang Renshen, from January to June 2020, the net profit returned to the mother was 430 million yuan, with a year-on-year increase of 859.06%, the average profit of raw pig head was 1685.18 yuan, and the productive biological assets were 286 million yuan, an increase of 120.75% compared with the beginning of the period. In July 2020, the number of pigs put on the market by Tang Renshen will increase by 41% on a month on month basis. In the second half of the year, the pig production will continue to maintain a high growth rate on a month on month basis.
Since July 6, Tang Renshen stock has been at a high level. On August 17, the God of Tang Dynasty announced the mandatory redemption announcement of convertible bonds. After the redemption, Tang Renshen expected to reduce the financial expenses of convertible bonds by more than 60 million yuan every year, and the asset liability ratio dropped to below 40%, far lower than the average asset liability ratio of the agriculture and animal husbandry industry of 56%. It greatly enhanced the ability of Tang Renshen to resist risks and ensure the stable and sustainable development of the company.
On August 19, Tang Renshen held a shareholders' meeting to examine and approve the plan for non-public offering, and planned to raise 1.55 billion yuan for the construction of the whole industry chain project of one million pigs in Gansu, Yunnan, etc.
As the leader of China's pig industry chain management, Tang Renshen has been making great efforts in the whole pig industry chain, and it is reported that they are also making great efforts to enter the aquatic product market. Therefore, the author specially interviewed Tao Ye, President of Tang Renshen group.
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