China Yurun Food Group (HK:1068) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
China Yurun Food Group has announced plans to continue sourcing hogs despite a significant reduction in production scale and temporary suspension of operations at some facilities due to weak market demand. The company anticipates resuming operations at its hog farms and increasing procurement in the coming years, with a focus on its ‘Haroulian’ brand. The proposed annual caps for hog procurement are set to rise gradually, reflecting anticipated business growth and inflation.
For further insights into HK:1068 stock, check out TipRanks’ Stock Analysis page.
