CCTV has recently exposed chicken farms in various parts of Shandong to feed white chickens with antibiotics or antiviral drugs. In some places, even chickens have been given banned hormonal drugs that the country has banned. Under the influence of the “rapid chicken” incident, the situation of the animal husbandry industry in the end and whether the relevant companies are involved are all of great concern.

Large agricultural listed companies have always been A-share landmine arrays. From the end of 2012 to the end of the year, the “plasticizers” of the liquor companies were not smooth, and the “rapid chicken” and “drinking chickens” were exposed and shocked the market again. Not only KFC and other fast-food companies have been pushed to the cusp, but also the A-share listed companies involved are caught off guard.

New hope involved

CCTV reported on December 18 that, as a supplier of KFC and McDonald's, Shandong Liuhe Group, a subsidiary of New Hope Subsidiary, suspected of using large amounts of antibiotics, hormones and other drugs in its supply of broilers, including 18 kinds of antibiotics Some of the categories were also added in violation of regulations. In addition, during the process from purchasing to entering Yum Warehouse, it was suspected that the detection process was missing. Affected by this news, the new stock price suddenly dipped in the afternoon on the 18th, and the morning rally abruptly ended. It fell from 12.75 yuan to 11.89 yuan, and fell by more than 7% from the high point. Volume reached the highest level this year. The subsequent 19th and 20th consecutive trading days fell. On the 19th, the opening price plummeted more than 7%, but then the decline has narrowed.

The A-share poultry farming industry experienced a general decline, and Huaying Agriculture fell 5.86% on the 19th, the largest drop in the two cities. According to statistics, the main business of Huaying Agriculture is frozen duck products and frozen chicken products. The revenue of the two types of products accounted for more than 65% of the main business income.

An industry source told reporters: “Now the food safety problem is mostly driven by economic interests. Like the previous poison capsule incident, enterprises used leather waste to extract inferior industrial gelatin for the illegal use of medicinal capsules. The cost difference is a risk for many companies. The incentive."

The reporter learned from many parties that the cost of white chickens exposed this time has greater advantages than traditional yellow chickens. According to statistics from the UN Food and Agriculture Organization of the United Nations, the average slaughter time of broilers around the world is currently about 42-48 days. The most representative of them is white feather broilers.

Pelicans and pond fish

Industry Chain Companies Listed companies have stated that the company is not affected or has little impact. According to reports, the securities affairs representative of Shengnong said that the incident is even more positive than negative for the company. A formal breeding company like the company can take the opportunity to seize some markets. The relevant person in charge of Huaying Agriculture said that the company's products are mainly exported, and there are very strict food safety standards. The crash chicken incident has little impact on the company. Probiotics said that the company’s income from chicken breeding in the first half of the year only accounted for about 5% of total revenue. And only chickens, no broilers. Offending additives are only used during the growth of broilers.

According to the Shanghai Securities News, New Hope responded that during the further investigation and verification of the company’s illegal fast-growing chicken incident in Shandong Province, the conclusion of the incident investigation has not been formed yet. Only the subsidiary Liuhe Group Qingdao Tianrun Food Co., Ltd. was shut down. an examination. China Merchants Securities reported that the main profit of the New Hope Company's agricultural and animal husbandry business came from the company's subsidiary, Shandong New Hope Liuhe Group. In 2011, the net profit of Liuhe Group accounted for 59% of the company's total net profit, accounting for the net profit of the company's agricultural and animal husbandry sectors. 90%. Among them, due to the low price of poultry meat, it occupies a higher proportion in the meat consumption of canteens in manufacturing companies.

Food safety experts pointed out that agricultural companies refrain from distress because: First of all, China's laws on food safety are not perfect. Since the "Food Safety Law" and "Regulations on the Implementation of Food Safety Law" were enacted in 2009, China has not introduced perfection. The supporting laws and regulations have greatly reduced the operability of food safety laws. In addition, the relevant laws and regulations in our country impose far less penalties on food safety issues.

It is worth noting that the landmines of a class of companies in the A-share market tend to provide opportunities for relatively different types of concept companies. Whenever a food safety incident is fermented, the concept stocks for testing are just around the corner. It can be said that from the internal management of listed companies to the performance of the secondary market, interest has been at the forefront and it is difficult to eradicate the short-selling ideas. Perhaps, the lessons we have learned are far from profound.