Bamboo Business Butchering Shareholder Value [Seeking Alpha]
RENMIN TIANLI GROUP INC (ABAC)
US:NASDAQ Investor Relations:
aoxintianli-china.com
Company Research
Source: Seeking Alpha
Summary Renmin Tianli Group Inc. (NASDAQ: ABAC ), is a hog breeding company in China. They operate through two different segments. Their main business is breeding hogs. They have the capability to breed over 130,000 hogs annually. This makes them one of the largest hog breeders in Hubei. The company estimates that Hubei has 439 farms with annual production of at least 10,000 hogs. The second facet of their business is retail. This consist of selling hogs to supermarkets, restaurants, hotels, and directly to consumers through the internet. ABAC has benefitted from government incentives in the past. Wuhan City gives grants based on production capacity. There is a one time grant for farms that have an annual production capacity of 10,000 hogs, which is RMB 1.5 million or $230,000. When a farm reaches annual production capacity of 20,000 it’s eligible for another $230,000 grant. The total number of hogs ABAC sold increased 5% from 2016 to 2017, but average selling price decreased 26%
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