China’s broiler industry was still faced with deep loss in the third quarter of 2015. Two of the country's biggest broiler companies－Yisheng and Shandong Minhe－recently released their achievement announcements of the past three quarters, respectively.
On October 14, Yisheng Livestock & Poultry Breeding Co. Ltd. released its revised achievement announcement of the first three quarters of 2015. The company forecasted a loss ranging from US$44.12 million to US$43.34 million in the first nine months. According to Yisheng, the prices of parent broiler breeders and commercial broiler breeders were stuck in the downturn. Since September in particular, the prices of commercial broiler breeders continued to decline.
On the following morning, Shandong Minhe Animal Husbandry Co. Ltd. released the revised achievement announcement of the past three quarters. As per the announcement, the achievement of the company registered a decrease in the range of US$33.10 million to US$34.67 million in the first three quarters of 2015. The company announced that, the sale prices of main products saw a significant decrease, resulting in big losses. Due to the price decline, the company was expected to make provision for the asset impairment of related inventories, and thus announced the performance correction.