128119 Dragon Securities Convertible Bond Position Building Timing

PortfolioAlert · 2026-03-22T13:53:51+00:00

High industry barriers make it difficult for new slaughterhouses to obtain approval, making existing qualifications scarce and creating license value. As a well-known hog slaughtering enterprise, Longda Foods owns multiple modern slaughtering facilities. Despite facing capital gaps, its fundamentals remain solid.

PortfolioAlert

2026-03-22 13:53:51

Abstract generation in progress

High industry barriers: Due to the country’s high emphasis on food safety, approval for new slaughterhouses is extremely difficult. Existing designated slaughter qualifications are very scarce, making licenses highly valuable. As a result, they are often regarded in the capital market as a kind of “franchise rights” resource. Industry position: Longda Food is a well-known domestic pig slaughter and meat processing company, with multiple modern slaughter bases (mainly in Shandong, Henan, and other regions). The value is limitless. With this fundamental, even a poor situation wouldn’t lead to default.
9.5-1.5 (land compensation) - 5.2 (cash funds) - 2.7 billion (full pledge) = 160 million yuan funding gap. There are three months to either pull stocks or raise funds. Stay tuned.

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