The follow-up of the delisting of Xiaoying agriculture and animal husbandry

category:Finance
 The follow-up of the delisting of Xiaoying agriculture and animal husbandry


Hope failed again, Jilin young eagle once again reneged on his promise. From the initial hope to the final disappointment, there is not only one person who has experienced such a huge psychological gap. Recently, a number of Jilin chick breeding farmers reported to the international financial news that since 2018, the company has been in arrears with hundreds of farmers pig generation fees, with the total amount of arrears exceeding 10 million yuan. Although he has repeatedly promised to press the money on time, but in the end they all failed.

On the afternoon of August 6, the parent company of Jilin Xiaoying agricultural and animal husbandry Group Co., Ltd. (hereinafter referred to as Xiaoying agriculture and animal husbandry) did not make a direct response to the above-mentioned debt and did not give an effective solution to the travel when replying to the reporter of international financial news. Meanwhile, for the companys current development status and the following planning and other issues, it is only called the current company It is turning to the third board, and relevant issues will be announced after turning to the third board. .

In fact, in the same time axis as the arrears of pig agency fees of farmers, since 2018, chick farming and animal husbandry has been in the crisis of operation and trust due to the financial crisis. In October 2019, the company, known as the first pig raising stock, officially closed its curtain from a share. But at present, the aftereffect of delisting is still not smooth, young eagle farming and animal husbandry still have the opportunity to turn over?

Road to wealth turned into an illusion

According to the official website of Xiaoying agriculture and animal husbandry, Jilin Xiaoying, which was established in December 2010, is located in Taonan City, Jilin Province, with a total area of 43000 square meters. In July 2013, Xiaoying spent 5.6 billion yuan in Taonan City, Jilin Province to invest in the construction of 4 million commercial pig breeding project. At the same time, the construction of supporting feed plant, pig slaughtering, meat products processing, biogas power generation, organic fertilizer plant as one of the agricultural industrialization complex, Jilin Xiaoying is mainly responsible for this investment project.

As a native of Northeast China, Li Li was originally a workshop worker in Jilin Xiaoying feed factory. He and his wife joined the company as early as the second half of 2014.

We work in the company, we know what the companys model is, and we want to earn more in addition to working. At that time, in the eyes of Li Li and his family, young eagle 3.0 mode seemed a good way to get rich. Even though the company did not advocate employees to become farmers, Li Li contracted two pig houses (one with a scale of about 2000 piglets) in the name of his father-in-law at the beginning of 2018, with a deposit of 20000 yuan for each pig house.

Compared with the original mode of company + base + farmer, the young eagle 3.0 mode of company + cooperative + farmer was planned to be implemented as early as may 2015. The company has explained the above model in 2015 annual report as follows: the partner is responsible for the farm construction, equipment investment, external coordination, daily maintenance, repair, and sewage treatment, etc.; the company is responsible for the land leasing and compliance procedures of the farm; the farmers are mainly responsible for the fine management of individual pig houses; the six unifications (unified procurement, unified feeding, and waste treatment) are adopted in the breeding process Unified seed supply, unified epidemic prevention, unified process and unified sales) are managed by the company.

Since this model is based on the upgrading of the original chick model, and the project of enriching the people is a popular project, which aims to bring the people of one side rich. It can not only enrich the people, but also achieve sustainable development. Under the condition of raising 4.5 batches per year, Party A sets Party Bs annual gross profit of 540000-640000 yuan. In a document signed by Party A for Jilin young eagle and Party B for farmers, the reporter of international financial news found that the young eagle once wrote in this way.

If its true as the agreement says, its really a lucrative business. Previously, the permission to work in Jilin Xiaoying Development Department told reporters that after entering the Department in 2017, one of its responsibilities was to sign breeding contracts with farmers, and it was precisely because of the business opportunities that one of them finally contracted 8 pig houses successively.

There are not a few farmers who are allowed to contract multiple pig houses by one person. According to the data provided by several Jilin chick farmers, since the second half of 2017, Jilin chick has signed cooperation agreements with at least 300 farmers. According to the agreement, Jilin Xiaoying and the farmers agreed that the former would provide 2000 piglets to the latter in batches, and the piglets would be sold at an average of 110kg at a base weight of 9kg / head. After that, they would pay the farmers the agency fee according to the weight of the pigs and other factors.

Because its under the unified management of the company, we only employ two workers to clean and inject pigs in each pig house. Li Li told reporters that the companys breeding scale is very large, with nearly one million commercial pig breeding projects, so in the eyes of most farmers, this is a profitable business.

However, what these farmers did not expect was that the development of things was not as smooth as imagined. This seemingly broad prospect of money road to wealth turned into a minefield in just a few months.

Cheng Feng joined Jilin Xiaoying in early 2018 and became a breeding farmer of the latters two pig houses. However, after he had been working for nearly two months, he vaguely felt that there was something wrong with the company. First, wages cant be paid normally. In 2018, I only got the salary of the first two months. Later, the company changed the feed formula without authorization, and finally cut off the feed supply directly. Then a large number of pigs were starved to death. Too many dead, I (pig house) the original batch of more than 1000, and finally only more than 200.

At that time, how many pigs were starved to death? Perhaps no one can give a specific number. But what impressed the farmers above was that they used dumpers to pull the dead pigs out every day and sent them to a specific place for burning, but the later burning sites could not be burned.

A large number of pigs were starved to death, not only could not earn money, even lost money, the surviving pigs were also taken away by the company, but the relevant generation fees were not paid. According to Li Li, since the business crisis of Jilin baby eagle appeared in mid-2018, farmers have asked to terminate the agreement with the company, but problems have come one after another.

So far, there is no provision for maintenance fee

I have two batches in total. Normally speaking, I can produce four batches a year. When the second batch is raised, the company will not be able to do so. Then I applied for termination of the agreement. However, the company did not pay more than 100000 yuan of maintenance fee and 40000 yuan of deposit according to the provisions of the agreement. According to Cheng Fengs statement, in the past two years, Jilin Xiaoying occasionally paid 1000 yuan a month, and then 3000 yuan every few months. Up to now, it still owes a total of 1119600 yuan of agency fees.

Debit note issued by Jilin young eagle provided by farmers

Cheng Fengs experience is not an example. In a wechat group of farmers whose members are Jilin Xiaoying who are in arrears with the agency fees, the reporter of international financial news found that these members are mostly named in the way of x factory + X District + name. Most of them are one wechat name, and there are 2 to 5 farmers names under one wechat name. According to Li Wei, a member of the group, the number of farmers names corresponds to the number of pig houses contracted. For example, four farmers names are added after her wechat name, which indicates that she has contracted four pig houses. There are nearly 200 people in this group. Jilin Xiaoying has signed cooperation agreements with at least 300 breeding farmers. The amount of money owed by the company to each farmer is as little as tens of thousands of yuan, but more than several hundred thousand yuan u3002u201d

Several farmers who are also members of the above group also told reporters that the wechat group of nearly 200 people did not cover all the farmers who had debt disputes with Jilin chicks. Therefore, it is speculated that the total amount of agency fees owed by Jilin young eagles to farmers may exceed 10 million yuan.

As to whether the above statement is true and the specific debt scale between Jilin young eagle and farmers, the reporter of international financial news sent an interview letter to Xiaoying agriculture and animal husbandry to verify. Unfortunately, as of the time of publication, the company did not respond positively to this issue.

As one of the numerous breeding farmers of Jilin chick eagle, Li Wei also signed a contract with the company in early 2018 to contract two pig houses and pay a deposit of 40000 yuan. In the second half of the same year, both parties terminated the contract, and the company owed nearly 200000 yuan of agency fees. During the period, we also asked for the agency fee through some ways, but there are still more than 100000 yuan of money not settled.

Suing the court is one of Li Weis certain ways. In the first ten days of August, the reporter obtained 14 civil mediation documents from the Taonan peoples court under their respective names from four Jilin chick breeding farmers, involving a total amount of 707900 yuan. These civil mediation documents show that in July 2019, after mediation by the court, the plaintiffs farmers reached a consensus with the defendant Jilin Xiaoying, who promised to repay the relevant debts in installments from July 1, 2019 to February 1, 2021.

However, this has not had a substantial effect. According to a number of farmers, Jilin young eagle has not fulfilled the commitment of installment payment. In this case, the plaintiff (farmers) can apply to the court for enforcement, and the court has the right to enforce the property of the defendant company, such as deposits, houses and vehicles. Chen Yuanxi, a lawyer with Shanghai Haihua Yongtai law firm, said in an interview with the reporter of international finance news.

However, Chen Yuanxi also mentioned that if the defendant company has been heavily in debt and it is difficult for the court to enforce, then if the plaintiff discovers the property clues of the defendant company, he can submit it to the court and request the court to investigate.

For these farmers, it is not easy to find property clues. The reporter learned that, in addition to Taking Jilin chick to court, farmers also fed back the problem of arrears of agency fees to the Taonan municipal government, which had also coordinated with it, but still failed to help.

Even so, it is still one of the few choices for farmers to solve the relevant debts by Taonan municipal government. At the beginning of August, the reporter noticed that among the above-mentioned wechat groups of Jilin chick eagles who were in arrears with the agency fees, some related farmers raised the question of they agreed to pay on the 25th of last month, and Jilin chicks once again reneged on their promises, and whether anyone would go to the government together tomorrow, which immediately received positive responses from several other farmers.

From August 5 to 6, the reporter of international finance daily tried to contact the government of Taonan city for two consecutive days to inquire about the relevant situation, but he contacted many departments, but he still failed to get substantive response.

An informed person of the functional department who had been in contact with the above events and did not want to be named told the reporter of international finance news that in addition to the companys own liquidity problems, in mid-2018, after the outbreak of African swine fever, live pigs were banned from trans provincial transportation, which also seriously affected the sales of Jilin Xiaoying commercial pigs, severely damaged its production and operation, and eventually led to farmers damage.

He further revealed that at present, pig breeding is in the golden period. According to the information he learned, Jilin Xiaoying is talking with several large companies with financial strength to raise pigs. After all, its pig house, equipment and sales channels are still in existence. As for the farmers agency fees in arrears, if you want to pay them back as soon as possible, you may have to survive the enterprise first..

In fact, in addition to Jilin Xiaoying, since the middle of 2018, chick farming and animal husbandry and many of its subsidiaries have been in trouble in pig breeding.

In early February 2019, the Beijing News quoted relevant farmers as saying that xiaoyingmianchi branch of Sanmenxia, Henan Province, rented collective land in five villages of Duancun Township, built pig breeding plants, nursery plants and fattening pig houses, and signed franchise agreements with about 160 farmers. According to the statistics of Duancun township government at that time, the company owed about 9 million yuan in arrears to farmers in the township, and about 3.25 million yuan in arrears in land rent of each village.

The logic of lightening the burden of young eagles

2018 is a year marked by various crises for the first pig raising chick farming and animal husbandry. On June 14 of this year, an article entitled exclusive and heavy-duty long article strongly questioning the suspected serious financial fraud of young eagle farming and animal husbandry came out, questioning the suspected serious financial fraud of young eagle farming and animal husbandry, and the rationality and authenticity of its investment income.

A stone hits a thousand layers of waves, and all kinds of doubts are overwhelming. In July 2019, Hou Jianfang said frankly in an interview that on June 14, 2018, more than 80% of the financial institutions cooperating with chick Eagle agriculture and animal husbandry announced that their loans would mature ahead of schedule, and more than 70 or 80 creditors flocked in. At the beginning of the day, all the banks withdrew their money (cut off loans), and the money in our accounts at that time could not flow..

At present, young eagle farming and animal husbandry is still facing a relatively serious debt crisis, and now it is also in the stage of debt restructuring. The company is busy with this matter every day. On the morning of August 5, Hua Hongbing, a brand marketing expert who has had a friendship with Hou Jianfang for more than ten years and served as a brand consultant for chick hawk farming and animal husbandry for five years, introduced to the reporter of international financial news.

According to the last financial data disclosed by Xiaoying agriculture and animal husbandry, as of June 30, 2019, its total assets were 19.494 billion yuan, total liabilities were 18.527 billion yuan, current liabilities were 15.142 billion yuan, and the asset liability ratio was as high as 95.04%.

Can make nothing of it, but the reporter noted that in April 26th, lax investment Life mentioned in an article published in its official account that the hawk farmers and herd farmers recognized it as a guarantee of 100 million yuan loan for Everbright agriculture and animal husbandry, and were willing to pay for it.

There are no bank deposits and other assets available for execution under the name of Xiaoying agriculture and animal husbandry. The five land and eight real estate owned by the enterprise have been sealed up and can not be disposed of temporarily. In addition, there were 37 cases of chick hawk farming and animal husbandry being listed as executors, of which 4 cases were completed, 9 cases were in the state of execution, and 24 cases had no property to enforce. Xiaoyings farmers and herdsmen have been unable to make cash repayment under the current operating state. This article describes the current situation of young eagle farming and animal husbandry with such a paragraph, and says that according to the existing capacity, there are only two ways to repay the debt, i.e. paying off the debt by material and cooperative breeding.

Hua Hongbing told reporters that according to his understanding of the situation, the pig breeding project in Inner Mongolia has been gradually started in the last two months. Cooperative breeding is mainly adopted to revitalize the project, and the current effect is good. However, due to the excessive investment and high debt, the project in Northeast China has not been started yet.

In Hua Hongbings opinion, if the Inner Mongolia plate is gradually revitalized, it will serve as a benchmark for the business recovery of Xiaoying in Tibet and Northeast China. He believes that pork consumption has the characteristics of rigid demand and high frequency in China, and Xiaoying is in this industry. In addition, the companys feed production, improved breed breeding, pig breeding, slaughtering and processing, cold chain logistics, terminal sales, grain trade and other basic plates are still in place. As long as the company operates well, the company will probably come back to life.

After this attack, Lao Hou (Hou Jianfang) also realized that there are many places for the company and himself to evolve. According to Hua Hongbings observation, Hou Jianfang has made some improvement in his way of dealing with people. This is mainly reflected in learning to listen. In the process of restructuring, he mainly considers returning to the main business of pig breeding. Secondly, he has changed his autocratic management style, and now he is able to know people and make good use of them. According to the reporter of the international financial news, Hou Jianfang, 54, began to exercise. In order to keep energetic, he worked out for an hour every day, which was unprecedented before. Perhaps, it is necessary for Hou Jianfang, who has gone through the storm and suffered hardships, to maintain his physical strength. After all, it is still unknown how long it will take for the young eagle farming and animal husbandry to fight this hard battle. (interviewees permit, Li Li, Li Wei, Cheng Feng are all pseudonyms) reporter Ma Yunfei editor Shen Yujie responsible editor sun Xiao source: International Finance News Editor in charge: Yang Bin_ NF4368

After this attack, Lao Hou (Hou Jianfang) also realized that there are many places for the company and himself to evolve. According to Hua Hongbings observation, Hou Jianfang has made some improvement in his way of dealing with people. This is mainly reflected in learning to listen. In the process of restructuring, he mainly considers returning to the main business of pig breeding. Secondly, he has changed his autocratic management style, and now he is able to know people and make good use of them.

According to the reporter of the international financial news, Hou Jianfang, 54, began to exercise. In order to keep energetic, he worked out for an hour every day, which was unprecedented before. Perhaps, it is necessary for Hou Jianfang, who has gone through the storm and suffered hardships, to maintain his physical strength. After all, it is still unknown how long it will take for the young eagle farming and animal husbandry to fight this hard battle.

Reporter Ma Yunfei

Editor Shen Yujie

Sun Xiao, editor in charge