Group 1 - The company plans to recognize a total asset impairment loss of 236.48 million yuan for the fiscal year ending December 31, 2025, to reflect its financial condition and operating results objectively [2] - The expected credit impairment loss is estimated at 46.79 million yuan, primarily related to accounts receivable and other receivables [3] - The impairment loss on assets, including inventory and long-term assets, is projected to be 189.69 million yuan, mainly due to the decline in market prices of live pigs and poultry, leading to increased inventory write-downs [4] Group 2 - The recognition of asset impairment losses is expected to reduce the company's net profit attributable to shareholders by approximately 176.44 million yuan for the fiscal year 2025 [5] - The company forecasts a net profit attributable to shareholders of 48 million to 72 million yuan for 2025, representing a decrease of 270.47 million to 294.47 million yuan, or a decline of 78.98% to 85.98% compared to the previous year [10][12] - The expected net profit after deducting non-recurring gains and losses is projected to be between -69 million and -45 million yuan, indicating a decrease of 394.48 million to 418.48 million yuan, or a decline of 112.88% to 119.74% year-on-year [10][12] Group 3 - The significant decline in performance is attributed to the adverse market conditions affecting the main business, particularly the substantial drop in average prices of live pigs and poultry throughout the year, resulting in losses in the company's pig and poultry operations [16]

Group 1 - The feed sector experienced a decline of 0.29% on January 23, with Zhongchong Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] - Key stocks in the feed sector showed varied performance, with Tianma Technology rising by 2.94% to a closing price of 16.13, while Zhongchong Co., Ltd. fell by 1.55% to 49.52 [2] Group 2 - The feed sector saw a net outflow of 70.64 million yuan from institutional investors, while retail investors had a net inflow of 90.51 million yuan [2] - The trading volume and turnover for major stocks in the feed sector varied, with major stocks like Tianma Technology and Haida Group showing significant trading activity [3] - The net inflow and outflow of funds for specific stocks indicated a mixed sentiment among investors, with some stocks like Haida Group experiencing a net inflow of 13.67 million yuan from institutional investors [3]

Core Viewpoint - He Feng Co., Ltd. (603609.SH) forecasts a significant decline in net profit for the fiscal year 2025, projecting a range of 48 million to 72 million yuan, which represents a decrease of approximately 78.98% to 85.98% compared to the previous year [1] Group 1: Financial Performance - The expected net profit for 2025 is between 48 million and 72 million yuan [1] - This represents a reduction of 27.04681 million to 29.44681 million yuan compared to the previous year's statutory disclosure [1] - The anticipated decline in profit is attributed to adverse market conditions affecting the main business operations [1] Group 2: Market Environment - The average prices of domestic live pigs, broilers, and chicken meat have significantly decreased year-on-year [1] - The company has reported losses in its live pig and poultry meat segments, contributing to the overall decline in performance [1]

本期业绩下滑主要受主营业务的市场环境影响。报告期内，国内生猪、毛鸡、鸡肉全年均价同比皆大幅 下降，公司生猪、肉禽业务出现亏损，导致本期业绩大幅下滑。 禾丰股份（603609）(603609.SH)发布2025年度业绩预告，预计2025年度实现归属于母公司所有者的净 利润为4800万元到7200万元，与上年同期(法定披露数据)相比，将减少27,046.81万元到29,446.81万元,同 比减少78.98%到85.98%。 ...

| 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2026-007 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 关于拟计提资产减值损失的提示性公告 三、计提资产减值损失对公司的影响 公司本次计提的资产减值损失，预计将减少公司 2025 年度归属于上市公司 股东的净利润 17,644.49 万元。 一、计提资产减值损失情况概述 为客观、公允地反映禾丰食品股份有限公司（以下简称"公司"）的财务状 况和经营成果，根据《企业会计准则》及公司会计政策等相关规定，本着谨慎性 原则，公司及下属子公司对截至 2025 年 12 月 31 日的所属资产进行了减值测试。 经初步测试，公司 2025 年度拟计提各类资产减值损失合计 23,648.36 万元。 二、计提资产减值损失事项的具体说明 （一）信用减值损失 本公司以预期信用损失为基础，对应收账款、其他应收款等进行减值测试并 确认减值损失。经初步测试，公司 2025 年度拟计提信用减值损失 4,679.20 万元。 （二）资产减值损失 本公司对存货、生产性生物资产、合同资产、长期 ...

| 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2026-006 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 2025 年度业绩预告 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个别及连带责任。 重要内容提示： 本期业绩预告适用情形：净利润下滑超 50%的情形 经禾丰食品股份有限公司（以下简称"公司"）财务部门初步测算，预 计 2025 年度实现归属于母公司所有者的净利润为 4,800 万元到 7,200 万元，与 上年同期（法定披露数据）相比，将减少 27,046.81 万元到 29,446.81 万元,同 比减少 78.98%到 85.98%。 预计 2025 年度实现归属于母公司所有者的扣除非经常性损益后的净利 润为-6,900 万元到-4,500 万元，与上年同期（法定披露数据）相比，将减少 39,448.14 万元到 41,848.14 万元,同比减少 112.88%到 119.74%。 一、本期业绩预告情况 （一）业绩预告期间 ...

Group 1 - The company expects a net profit attributable to shareholders of the parent company for 2025 to be between 48 million and 72 million yuan, representing a decrease of 270 million to 294 million yuan compared to the previous year, which is a year-on-year decline of 78.98% to 85.98% [1] - The company anticipates a net profit attributable to shareholders of the parent company, after deducting non-recurring gains and losses, to be between -69 million and -45 million yuan for 2025, indicating a decrease of 394 million to 418 million yuan compared to the previous year, which is a year-on-year decline of 112.88% to 119.74% [1] - The significant decline in performance is primarily attributed to the market environment affecting the main business operations, with substantial decreases in the average prices of domestic live pigs, broilers, and chicken meat during the reporting period [1]

Market Overview - The feed sector experienced a decline of 0.69% on January 21, with Aonong Biological leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Individual Stock Performance - Jin Xin Nong (002548) closed at 6.56, up 2.34% with a trading volume of 399,800 shares and a transaction value of 261 million [1] - Petty Holdings (300673) closed at 19.46, up 1.62% with a trading volume of 82,200 shares and a transaction value of 159 million [1] - Aonong Biological (603363) closed at 4.27, down 1.84% with a trading volume of 430,600 shares and a transaction value of 184 million [2] - Other notable declines include Tian Kang Biological (002100) down 1.26% and Hai Da Group (002311) down 1.17% [2] Capital Flow Analysis - The feed sector saw a net outflow of 95.94 million from institutional investors, while retail investors had a net inflow of 63.31 million [2] - The capital flow for individual stocks shows Jin Xin Nong with a net inflow of 21.61 million from institutional investors, while Aonong Biological had a net outflow of 1.32 million [3] - Petty Holdings experienced a net outflow of 1.99 million from institutional investors but a net inflow of 6.27 million from retail investors [3]

Market Overview - The feed sector experienced a decline of 0.52% on January 16, with Aonong Biological leading the drop [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Individual Stock Performance - The top gainers in the feed sector included: - Jinxinnong (002548) with a closing price of 6.40, up 4.07% on a trading volume of 612,000 shares and a turnover of 1.76 million [1] - Just Update (001313) with a closing price of 7.70, up 4.19% on a trading volume of 251,200 shares and a turnover of 191 million [1] - The top decliners included: - Aonong Biological (603363) with a closing price of 4.16, down 1.65% on a trading volume of 623,800 shares and a turnover of 261 million [2] - Tiankang Biological (002100) with a closing price of 7.07, down 1.26% on a trading volume of 247,400 shares and a turnover of 176 million [2] Capital Flow Analysis - The feed sector saw a net outflow of 71.01 million from institutional investors, while retail investors contributed a net inflow of 31.24 million [2] - The capital flow for individual stocks showed: - Jinxinnong (002548) had a net inflow of 21.44 million from institutional investors, but a net outflow of 26.24 million from retail investors [3] - Just Update (001313) had a net inflow of 20.81 million from institutional investors, with a net outflow of 25.93 million from retail investors [3]

Group 1 - The core viewpoint of the news is that He Feng Co., Ltd. has shown significant trading activity, with a notable increase in financing and a decrease in short selling, indicating investor interest and market dynamics [1][2]. - On January 15, He Feng Co., Ltd. experienced a stock price increase of 1.24%, with a trading volume of 35.07 million yuan. The financing buy-in amount was 9.41 million yuan, while the net financing buy-in was 4.45 million yuan, indicating strong demand for the stock [1]. - As of January 15, the total financing and securities lending balance for He Feng Co., Ltd. was 173 million yuan, which represents 2.60% of its market capitalization, indicating a high level of financing activity compared to the past year [1]. Group 2 - As of September 30, the number of shareholders for He Feng Co., Ltd. increased to 22,500, a rise of 4.18%, while the average circulating shares per person decreased by 4.01% to 40,474 shares [2]. - For the period from January to September 2025, He Feng Co., Ltd. reported a revenue of 28.07 billion yuan, reflecting a year-on-year growth of 16.92%. However, the net profit attributable to shareholders decreased by 55.34% to 129 million yuan [2]. - Since its A-share listing, He Feng Co., Ltd. has distributed a total of 1.007 billion yuan in dividends, with 158 million yuan distributed over the past three years [3].