New Hope Liuhe (SHE:000876) logged pig sales revenue of 1.81 billion yuan, down 12% from 2.05 billion yuan the previous year, according to a filing with the Shenzhen bourse.
The decline was due to a 30% year-on-year drop in the average selling price of pigs to 11.54 yuan per kilogram from 16.49 yuan per kilogram. Meanwhile, sales volume rose 24% to 1.6 million pigs from 1.3 million pigs.
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