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BayWa Confirms Most Severe Crisis in Company’s History
BayWa has confirmed that the 2024 financial year was marked by the most severe crisis in the company’s history.
“In the summer of 2024, BayWa AG found itself in a debt and liquidity crisis that threatened its very existence, whereupon comprehensive reorganization measures were initiated and a reorganization opinion on the future viability and continued existence of the BayWa Group was commissioned,” the company said in its annual report.
As part of its ongoing restructuring strategy, BayWa has sold a 47.53% stake in...
Wens Food Group Grows FY2024 Pork and Chicken Sales
In FY2024, Wens Food Group sold 30.2 million pork products (including live pigs and fresh pork), generating CNY 61.8 billion (approximately USD 8.5 billion) in revenue. The average sales price of live pigs for the year was CNY 16.7 per kilogram (approximately USD 2.3). Compared to 2023, the sales volume, revenue, and average sales price increased by 14.9%, 33.5%, and 12.9%, respectively.
"The year-over-year increase in revenue from pork product sales in 2024 was primarily attributed to higher sales volumes and increased average...
Muyuan Group Sells 71.6 Million Pigs in FY24
Muyuan Group, a large scale Chinese livestock producer, has released its live hog sales data for December 2024, the fourth quarter, and the full fiscal year.
In December 2024, the company sold a total of 8.6 million pigs, including 8.2 million commercial pigs, 360,000 piglets, and 31,000 breeding pigs. These sales generated revenue of CNY 15.4 billion (approximately USD 2.1 billion). Among the total sales, 2.2 million pigs were sold to Muyuan’s wholly-owned subsidiary, Muyuan Meat Co., Ltd., and its subsidiaries.
The average sales price of commercial...
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