Changes in Hong Kong stocks | Dekang Agriculture and Animal Husbandry (02419) rose more than 7% to sell 1,029,900 commercial pigs in June. The company optimized its financial structure to accumulate energy for a new cycle

The Zhitong Finance App learned that Dekang Agriculture and Animal Husbandry (02419) rose by more than 7%. As of press release, it had risen 4.74% to HK$55.25, with a turnover of HK$15.991 million.

According to the news, recently, Dekang Agriculture and Animal Husbandry issued an announcement. In June 2026, the Group sold 1,029,900 heads of commercial pork, and the sales revenue of commercial pork was RMB 1,301.6 billion. In June 2026, the average sales price of the Group's commercial pork was RMB 9.63 yuan/kg, up 2.23% from May 2026. According to institutional research data, the full cost of commercial pigs in Dekang Agriculture and Animal Husbandry in June 2026 was 11.83 yuan/kg, and the level of cost control continues to be at the forefront of the industry. Relying on production process optimization and refined operation, the company has further consolidated the results of cost reduction and efficiency, and subsequent cost reductions are still expected.

It is also worth noting that Dekang Agriculture and Animal Husbandry announced that the company signed a subscription agreement with the manager. The company plans to issue US$100 million zero-interest convertible bonds due in 2027. The initial conversion price of the bonds was HK$54.08 per H share, a premium of about 5.00% over the final closing price of HK$51.50 per H share reported on the Hong Kong Stock Exchange on July 24, 2026. The company used extremely low-cost dollar bonds to replace some short-term domestic bank loans with relatively high interest rates. Replacing high-cost liabilities with low-cost capital at the bottom of the industry cycle can be seen as an active optimization of the financial structure. At the bottom of the current cycle, international investors are willing to accept a 5% premium to buy Dekang Agriculture and Animal Husbandry's call options, which is essentially a high recognition of the company's management's reputation and bottom value.