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Wen's Co., Ltd. recently stated at a brokerage strategy meeting and roadshow that in the first half of the year, due to the slump in the Chinese turkey market, the company's chicken farming business lost a small amount of about 100 million yuan. Since August, due to factors such as increased demand during the peak season, chicken prices have picked up rapidly and recently reached about 6.9 yuan/kg. According to estimates, the company's chicken farming business is expected to turn a loss into a profit in August.
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Wen's Co., Ltd. recently stated at a brokerage strategy meeting and roadshow that in the first half of the year, due to the slump in the Chinese turkey market, the company's chicken farming business lost a small amount of about 100 million yuan. Since August, due to factors such as increased demand during the peak season, chicken prices have picked up rapidly and recently reached about 6.9 yuan/kg. According to estimates, the company's chicken farming business is expected to turn a loss into a profit in August.
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