人民财讯12月19日电，12月19日，胡润研究院发布《2025胡润中国食品行业百强榜》，安德利果汁、优 然牧业、中国食品、巨星农牧、椰树、京基智农、五得利面粉、现代牧业等8家企业新进入榜单。 转自：证券时报 ...

Core Insights - In November 2025, 16 major listed pig farming companies achieved a total sales volume of 16.54 million pigs, marking an 18.52% year-on-year increase but a 2.75% decrease month-on-month [1][5][8] - The total revenue for these companies in November was 21.077 billion yuan, reflecting a 19.47% year-on-year decline and a 5.01% month-on-month decrease [1][5][8] Sales Volume Summary - The leading company, Muyuan Foods, sold 6.602 million pigs, with a year-on-year growth of 11.8% [11] - Other notable companies include Wens Foodstuffs and New Hope, with sales exceeding 1.5 million pigs [1][8] - Companies such as Aonong Biological and Jinxinnong reported sales growth exceeding 70% year-on-year [1][8] Revenue Summary - Muyuan Foods generated a revenue of 9.39 billion yuan in November, down 20.43% year-on-year [12] - Wens Foodstuffs and New Hope followed with revenues of 5.199 billion yuan and 1.812 billion yuan, respectively, both showing declines [12] - Companies like Dongrui and Jingji Zhino reported revenue growth exceeding 10%, while others like Tangrenshen and Zhenghong Technology experienced significant revenue declines [13]

Group 1 - The controlling shareholder of Jingji Zhino disclosed a reduction in holdings, cashing out a total of 604 million yuan over three months, while management also engaged in a round of selling shares from September to November [1][2] - Following the share reductions, Jingji Zhino announced a share repurchase plan of 100 million to 200 million yuan, raising questions about its effectiveness in stabilizing the stock price amid the controlling shareholder's debt pressures [1][3] - The company's main business has shifted to pig farming due to the decline in real estate operations, and the significant drop in pig prices since October poses a challenge to its performance [1][6] Group 2 - Jingji Group reduced its stake from 53.11% to 50.33%, selling 2.78% of its shares, which equates to a cash inflow of approximately 178 million yuan from recent transactions [2][3] - Management's share reductions totaled 6.79 million yuan during the same period, indicating a broader trend of insider selling [2] - The share repurchase plan aims to utilize self-funding and/or self-raised funds, with a target to buy back between 421.94 million and 843.88 million shares, representing 0.80% to 1.59% of the total share capital [3] Group 3 - Jingji Group's high debt ratio of 64.08% and significant pledged shares indicate financial strain, with upcoming debt repayments of 699 million yuan and 973 million yuan due in the next six months and six months to one year, respectively [4][5] - Jingji Zhino's financial health is also under pressure, with a cash-to-short-term debt ratio of 0.53 and a current ratio of 0.49, raising concerns about the impact of the share buyback on its operations [5][6] - The company's revenue and net profit are projected to decline significantly in 2024, with a 52% drop in revenue and a 59.13% decrease in net profit, primarily due to the transition from real estate to pig farming [5][6] Group 4 - The pig farming business is expected to face challenges as pig prices have fallen below cost, with October and November prices at 11.87 yuan and 12.44 yuan per kilogram, respectively, indicating potential losses ahead [7][8] - The company's reliance on the pig cycle for future performance raises concerns, especially given the failed fundraising efforts aimed at expanding pig farming capacity [7][8]

证券代码：000048 证券简称：京基智农 公告编号：2025-075 深圳市京基智农时代股份有限公司 关于回购股份事项前十名股东及前十名 无限售条件股东持股情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市京基智农时代股份有限公司（以下简称"公司"）于 2025 年 12 月 5 日召开第十一届董事会第十二次临时会议，审议通过了《关于回购公司股份方案 的议案》，具体内容详见公司于 2025 年 12 月 9 日披露在《证券时报》《中国证 券报》《上海证券报》《证券日报》及巨潮资讯网（www.cninfo.com.cn）的《关 于回购公司股份方案的公告》（公告编号：2025-073）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关规定，现将公司董事会公告回购股份决议的前一个交 易日（即 2025 年 12 月 8 日）登记在册的前十名股东和前十名无限售条件股东的 名称及持股数量、比例情况公告如下： | 序号 | 股东名称 | 持股数量（股） | 占总股本比例（%） | | --- | --- | ...

Core Viewpoint - The company emphasizes its commitment to investor returns and has initiated a share repurchase plan to address stock price volatility [2] Group 1: Company Operations - The company's production and operational status is reported to be normal [2] - The company aims to focus on intrinsic development and enhance its core competitiveness in alignment with its strategic goals [2] Group 2: Investor Relations - The company acknowledges that stock price fluctuations are influenced by multiple factors and is actively engaging with investors through platforms [2] - The company is dedicated to providing better long-term value for investors [2]

Group 1 - The core viewpoint of the article is that Jingji Zhino (000048) is actively enhancing its supply chain and consumption layout by collaborating with major slaughterhouses and retail channels in the Greater Bay Area to establish a complete production-slaughter-sales industrial chain [1] Group 2 - The company has formed partnerships with key slaughterhouses and supermarkets, indicating a strategic move towards a more integrated supply chain [1] - Future plans include further strengthening the supply chain and improving the consumption layout, which suggests a focus on operational efficiency and market reach [1]

Core Viewpoint - The company is actively exploring and advancing its IP business using a light asset model, which includes various segments such as IP art, trendy toys, IP operations, and internet marketing [2] Group 1 - The company has expanded its team with experienced professionals in IP operations this year [2] - The company aims to complete a business closed loop for its core industry chain, including IP approval, marketing, supply chain management, and channel development by the end of the year [2]

Group 1 - The company, Jingji Zhino, stated that it will continuously monitor and adapt to national policies to maintain its development potential [2] - The company plans to reasonably arrange its production schedule based on its strategic planning and the market conditions in various regions [2]

Group 1 - The company, Jingji Zhino, responded to investor inquiries on an interactive platform, indicating that it has a historical investment in an e-commerce company that ceased operations in January 2002 [2]

Core Viewpoint - The company is providing a guarantee limit for its subsidiary based on the actual business development needs, which is expected to promote stable and sustainable operations [1] Group 1 - The specific guarantee amount will be determined by the final agreements signed with relevant financial institutions [1] - The company currently enjoys a favorable financing environment, indicating a stable overall financial situation [1] - The acceleration of real estate project liquidation contributes to the company's stable funding position [1]