Group 1 - The core point of the announcement is the operational data for August 2025, specifically focusing on the sales of live pigs by Hunan New Wufeng Co., Ltd [1] - In August 2025, the company sold a total of 341,400 live pigs, which includes 202,200 commercial pigs [1] Group 2 - The data provided is unaudited and may differ from the figures disclosed in regular reports, serving only as interim data for investor reference [2] - The company acknowledges potential monthly fluctuations in live pig sales due to factors such as animal epidemics, market price volatility, and changes in breeding schedules [2]

证券日报网讯 9月9日晚间，新五丰发布公告称，2025年8月公司生猪销售情况显示，销售生猪数量34.14 万头，其中销售商品猪20.22万头。2025年8月，销售量同比减少3.83%。 （文章来源：证券日报） ...

Core Viewpoint - The company is focused on optimizing the breeding performance of sows by improving the structure based on variety, health, and age, aiming for an average PSY (Pigs per Sow per Year) exceeding 25 [2] Group 1: Breeding Performance - The company is enhancing the reproductive performance of sows through structural optimization [2] - The introduction of high-performance breeding pigs is expected to increase genetic variation and potential within the breeding population [2] - The improvement in PSY will be reflected in future production cycles as the company progresses with breeding and birthing [2] Group 2: Collaboration and Strategy - The company has partnered with Koplexin to introduce superior breeding stock from France [2] - Future breeding plans will be developed based on market demand, cost control, and product positioning [2]

人民财讯9月9日电，新五丰（600975）9月9日晚间公布8月生猪业务主要经营数据，8月生猪销售量 34.14万头，同比减少3.83%。 ...

证券代码：600975 证券简称：新五丰 公告编号：2025-044 湖南新五丰股份有限公司 2025 年 8 月生猪业务主要经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 湖南新五丰股份有限公司（以下简称"公司"或"本公司"）现将 2025 年 8 月主要经营数据公告如下： 一、主要经营数据 2、基于动物疫情对生猪行业的影响持续存在、生猪市场价格波动较大以及 公司养殖节奏变化等因素影响，未来公司生猪销量存在月度波动风险。 3、生猪市场价格变动的风险是整个生猪生产行业的系统风险，对任何一家 生猪生产者来讲都是客观存在的、不可控制的外部风险。 三、其他提示 （一）生猪销售情况 1、2025 年 8 月公司生猪销售情况 | 主要产品 | 销售量 | 销售量同比增减 | 商品猪销价 | | --- | --- | --- | --- | | | （万头） | （%） | （元/公斤） | | 生猪 | 34.14 | -3.83 | 14.09 | 2、2025 年 8 月，公司销售生猪数量 34.14 万头，其中：销 ...

智通财经APP讯，新五丰(600975.SH)发布公告，2025年8月，公司销售生猪数量34.14万头，其中：销售 商品猪20.22万头。 ...

新五丰（600975）(600975.SH)发布公告，2025年8月，公司销售生猪数量34.14万头，其中：销售商品猪 20.22万头。 ...

Group 1 - The core viewpoint of the news is that China's preliminary anti-dumping ruling on imported pork from the EU is expected to create a favorable configuration opportunity for the domestic pig farming sector, leading to price increases in the industry [1][2] - The Ministry of Commerce of China announced a preliminary ruling on September 5, 2025, recognizing that imported pork and related products from the EU are being dumped, and will implement temporary anti-dumping measures starting September 10, 2025, with deposit rates ranging from 15.6% to 62.4% [1] - The livestock ETF (159867) rose by 2.60%, reflecting positive market sentiment towards the pig farming sector following the anti-dumping announcement [1] Group 2 - Open Source Securities noted that over 50% of China's imported pork and offal comes from the EU, and the anti-dumping measures may drive domestic pork prices higher, indicating a potential bottoming out of prices [2] - As temperatures cool, demand for pork is expected to improve, leading to tighter market supply of large pigs and an expansion of price differentials for fat pigs [2] - The China Livestock Breeding Index (930707) includes companies involved in livestock feed, veterinary drugs, and breeding, with the top ten weighted stocks accounting for 65.57% of the index [2]

Investment Rating - The report indicates a positive outlook for the agriculture, forestry, animal husbandry, and fishery sectors, with a focus on improving profitability driven by declining feed costs and increased production scale [1][11]. Core Insights - The overall agricultural sector has seen a revenue increase of 6.12% year-on-year in H1 2025, reaching 614.8 billion yuan, with a significant profit increase of 198% to 27 billion yuan, primarily due to the recovery of the pig farming sector [1][11]. - The pig farming sector is experiencing a seasonal price decline, yet remains profitable due to reduced feed costs and increased production efficiency [2][28]. - The poultry farming sector has shown mixed performance, with revenue slightly declining by 0.29% in H1 2025, but net profit improved by 6.43% due to lower costs [3][21]. - The seed sector reported a revenue increase of 5.05% in H1 2025, although net profit turned negative, indicating challenges in seed sales due to falling grain prices [4][21]. Summary by Sections Industry Overview - Feed prices have been on a downward trend, improving overall farming costs. Pig prices have remained stable year-on-year, while poultry prices have been low but profitable across the supply chain. The agricultural product supply-demand balance is easing, with major product prices at low levels [1][11]. - In H1 2025, the sector achieved revenues of 614.8 billion yuan and net profits of 27 billion yuan, with significant contributions from the pig farming sector [1][11]. Pig Farming - In 2024, pig supply is expected to decrease, with prices showing seasonal trends. Despite a decline in prices post-October, the sector remains profitable. In Q1 2025, the average price was 15.01 yuan/kg, up 3.90% year-on-year, while Q2 saw a price drop to 14.56 yuan/kg, down 10.94% year-on-year [2][28]. - The pig farming sector generated revenues of 248.6 billion yuan in H1 2025, a 15.67% increase, with net profits soaring by 1551% to 17.1 billion yuan [2][28]. Poultry Farming - The poultry sector's revenue in H1 2025 was 33.7 billion yuan, a slight decline of 0.29%, but net profit increased by 6.43% to 1 billion yuan due to lower costs [3][21]. - The white feather chicken segment remains stable despite low prices, while the yellow feather chicken segment is recovering from previous losses [3][21]. Seed Sector - The seed sector reported revenues of 8.87 billion yuan in H1 2025, a 5.05% increase, but net profit turned negative, indicating challenges in the market [4][21].

Core Viewpoint - New Five Feng reported a turnaround in profitability for the first half of 2025, achieving a revenue of 3.688 billion yuan, a year-on-year increase of 14.08%, and a net profit attributable to shareholders of 45.2344 million yuan, marking a return to profitability [1] Group 1: Revenue and Profitability - The company’s revenue for the first half of 2025 reached 3.688 billion yuan, reflecting a 14.08% increase compared to the same period last year [1] - The net profit attributable to shareholders was 45.2344 million yuan, indicating a successful turnaround from previous losses [1] Group 2: Production and Growth - New Five Feng's pig output reached 2.4333 million heads in the first half of 2025, a 23.44% increase from 1.97 million heads in the same period last year, continuing a trend of growth [2] - The company’s pig output from 2022 to 2024 showed significant growth, with figures of 1.83 million heads, 3.2 million heads, and 4.2487 million heads, representing year-on-year increases of 122.32%, 75%, and 32.74% respectively [2] Group 3: Business Model and Strategy - The growth in output is attributed to a "light asset expansion" strategy, which includes leasing pig farms for self-breeding and deepening the "company + farmer" model, enhancing survival rates and cost control [2] - The company is actively promoting farmer cooperation and has seen a significant increase in the scale of its "company + farmer" model, with a current stock of 690,000 heads [3] - The "company + farmer" model accounted for over 30% of total pig output in the first half of 2025, a year-on-year increase of 225%, becoming a key driver of capacity and efficiency growth [3] Group 4: Future Outlook - New Five Feng aims to continue optimizing its operational strategy, focusing on improving performance and reducing costs to enhance core competitiveness and profitability for better future returns [3]