Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Viewpoints - The rhythm of pig sales led to July pig prices rising less than expected, but the outlook for future prices remains optimistic. In July 2025, the national average selling price of live pigs was 14.55 yuan/kg, up 1.89% month-on-month but down 23.21% year-on-year. The slaughter volume in July was 4.1583 million heads, down 3.67% month-on-month but up 1.80% year-on-year. The completion rate of pig sales in July was 97.11% of the planned output, with an increase of 6.60% in planned output for August compared to July [6][15][22]. Summary by Sections Industry Overview - The increase in pig prices in July was less than expected due to the accelerated growth rate of pigs in May and June, leading to earlier sales in July. The price peaked at 15.46 yuan/kg on July 3 and fell to 14.09 yuan/kg by the end of July. The supply gap and supportive policies suggest a positive outlook for future prices [6][15][18]. Supply and Structure - As of August 7, 2025, the proportion of large pigs (over 150kg) in the sales structure decreased, while the proportion of breeding stock increased. The breeding stock increased by 0.52% month-on-month, and the average profit per head for self-breeding and self-raising in July was 101.66 yuan, a month-on-month increase of 304.30% [7][16][22]. Corporate Performance - In July 2025, 12 listed pig companies reported a total of 15.2799 million heads sold, a year-on-year increase of 24.82%. The average selling prices for major companies increased month-on-month, with prices for companies like Muyuan, Wens, and New Hope rising by 1.6% to 3.4% [8][28][33].

Group 1 - The company responded to investor inquiries regarding the progress of its Huizhou and Yunfu projects, indicating that the Huizhou project involves breeding and selling a small number of chickens through self-breeding methods [2] - The company advised investors to refer to its regular reports and other publicly disclosed documents for specific details about the projects [2]

Group 1 - The exhibition "Light·Transparency·Reflection" featuring Hajime Sorayama officially opened in Chengdu on August 12 and will run until September 16 [1] - The event is organized by Promised Land, a subsidiary of Shenzhen Jingji Zhinong Times Co., Ltd., in collaboration with Nanzuka Art Institute [1] - The exhibition aims to integrate art into daily life and stimulate urban artistic vitality, showcasing Sorayama's works as a global cultural symbol [1] Group 2 - Promised Land has successfully launched the solo exhibition "Star Wish" of emerging artist Er Lili in Guangzhou in July, enhancing its influence and recognition in the industry [2] - The company plans to implement a dual-track IP development strategy, collaborating with top-tier IPs to create unique content while also working with mid-tier artists to develop proprietary IP products [2] - This combined approach is expected to drive business model innovation and establish a sustainable growth engine with diversified value [2]

Group 1 - The exhibition "Light, Transparency, Reflection" by renowned artist Hajime Sorayama is taking place in Chengdu from August 12 to September 16, showcasing his significant works since the late 1970s [1] - The exhibition is organized by Shenzhen Yingyun Cultural Technology Co., Ltd. and Nanzhige Art Center, marking a key breakthrough for Yingyun in the high-end art IP operation sector [1] - Yingyun aims to enhance its influence and reputation in the industry through innovative immersive art experiences and collaborations with top-tier artists [1] Group 2 - Yingyun plans to implement a dual-track IP development strategy, collaborating with high-profile IPs to create scarce content while also working with mid-tier artists to develop proprietary IP products [2] - The company has engaged with over 150 representatives from various institutions during a research event, indicating strong interest in its strategic direction [2] - The management believes that the IP operation market has significant potential, and aims to provide personalized emotional value through differentiated consumption scenarios [2] Group 3 - Yingyun positions itself as a post-link IP operator, focusing on precise user engagement and differentiated monetization strategies after the initial IP development [3] - The company has around 50 IPs available for collaboration and plans to sign and incubate over 10 new IPs in the coming year [3] - Yingyun's collaboration with top artists is expected to rapidly establish its expertise in high-end fashion art IP operations, creating a unique market competitive advantage [3]

Core Viewpoint - The company, Shenzhen Jingji Zhino Times Co., Ltd., reported its pig sales data for July 2025, indicating a significant volume and revenue from its pig farming operations [1]. Sales Performance - In July 2025, the company sold 203,600 pigs, including 29,300 piglets, generating a revenue of 351 million yuan [1]. - From January to July 2025, the total sales reached 1,265,700 pigs, with 182,300 piglets sold, resulting in a cumulative revenue of 2.243 billion yuan [1]. Pricing Information - The average selling price for commercial pigs in July 2025 was 15.66 yuan per kilogram [1]. Data Disclaimer - The sales data provided is unaudited and may differ from figures disclosed in regular reports, serving only as a reference for investors [1][2].

Sales Performance Summary - In July 2025, the company sold a total of 14.30 million pigs, generating a sales revenue of 2.243 billion yuan, with an average selling price of 15.66 yuan per kg [1][2]. Cumulative Sales Data - Cumulatively, the company has sold 100.00 million pigs, with total sales revenue reaching 22.43 billion yuan [1][2]. Industry Context - The company operates in the pig farming industry, which is subject to market price fluctuations that can significantly impact operational performance [1].

Group 1: Company Announcements - Puyuan Precision plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Wanxing Technology intends to issue H-shares and list on the Hong Kong Stock Exchange [11] - Liou Co. plans to use no more than 3 billion yuan of its own funds for securities investment [13] - Guangdong Hongda's subsidiary intends to acquire 60% equity of Changzhilin for 1.02 billion yuan [12] Group 2: Financial Performance and Investments - GSK Gas plans to use 350 million yuan of raised funds for the Wuhan GSK Semiconductor Electronic Gas Station project, with a total investment of 503 million yuan [3] - Lianyungang's wholly-owned subsidiary plans to invest 548.8 million yuan in shipbuilding [2] - Hongjing Optoelectronics plans to invest 1.533 billion yuan in the construction of its R&D and manufacturing headquarters [9] Group 3: Regulatory Issues - Jihua Group is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [7] - *ST Gaohong may face forced delisting due to major violations related to fraudulent issuance of shares and false records in annual reports from 2015 to 2023 [8] Group 4: Sales Performance - Jingji Zhinnong reported sales of 3.51 billion yuan from selling 203,600 pigs in July, with a cumulative sales revenue of 2.243 billion yuan from January to July [8] - Zhengbang Technology reported sales of 7.41 billion yuan from selling 695,200 pigs in July, with a cumulative sales revenue of 4.818 billion yuan from January to July, showing significant year-on-year growth [10] Group 5: Share Transfers - Anzheng Fashion's shareholder plans to transfer 5.35% of the company's shares at a price of 6.78 yuan per share, totaling 141 million yuan [5] - Bidetech's actual controller and associates plan to transfer 29.9% of the company's shares to Dinglong Qishun for 897 million yuan [6]

Group 1: Investment Announcements - Panjiang Co. plans to increase investment by 55.8 million yuan in its wholly-owned subsidiary, New Energy Zhenning Co., for the construction of a wind power project with a total investment of 279 million yuan [1] - Lianyungang's wholly-owned subsidiary, Yunport Ferry Co., intends to invest 548.8 million yuan in building a passenger and vehicle ferry, having signed a construction contract with Huanghai Shipbuilding Co. [1] - Guanggang Gas plans to use 350 million yuan of raised funds for the Wuhan Guanggang Semiconductor Electronic Gas Station project, with a total planned investment of 503 million yuan [1] - Hongjing Optoelectronics intends to invest in a new R&D and manufacturing headquarters with a total investment of 1.533 billion yuan [6] Group 2: Share Transfers - Anzheng Fashion's shareholder plans to transfer 5.35% of the company's shares, totaling 20.8 million shares at a price of 6.78 yuan per share, amounting to 141 million yuan [2] - Bidetech's actual controllers plan to transfer 29.9% of the company's shares, totaling 56.1672 million shares at a price of 15.97 yuan per share, amounting to 897 million yuan [3] Group 3: Financial Performance - Jingji Zhino reported sales of 203,600 pigs in July, generating revenue of 351 million yuan, with a cumulative sales revenue of 2.243 billion yuan from January to July [6] - Zhengbang Technology reported sales of 695,200 pigs in July, with a revenue of 741 million yuan, showing a year-on-year increase of 91.38% and a cumulative revenue of 4.818 billion yuan from January to July [6] - Shuoshi Bio reported a 1.05% decrease in revenue to 176 million yuan for the first half of the year, with a net profit decline of 86.35% to 3.9926 million yuan [9] Group 4: Regulatory Issues - Jihua Group is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [4] - *ST Gaohong received a notice indicating potential major illegal delisting due to fraudulent issuance of shares and false records in annual reports from 2015 to 2023 [4] Group 5: Other Announcements - Wanjing Technology plans to issue H-shares and list on the Hong Kong Stock Exchange [7] - Guangdong Hongda's subsidiary intends to acquire 60% of Changzhilin for 1.02 billion yuan, enhancing its defense equipment business [7] - Lio Co. approved a plan to use up to 3 billion yuan of its own funds for securities investments [8]

(本文来自第一财经) 京基智农公告，2025年7月，公司销售生猪20.36万头（其中仔猪2.93万头），销售收入3.51亿元；商品 猪销售均价15.66元/kg。2025年1-7月，公司累计销售生猪126.57万头（其中仔猪18.23万头），累计销售 收入22.43亿元。 ...

证券代码：000048 证券简称：京基智农 公告编号：2025-029 深圳市京基智农时代股份有限公司 2025 年 7 月生猪销售情况简报 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"）下属公司从事生猪 养殖业务，根据《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》 的相关规定，现将公司每月生猪销售情况公告如下： 一、2025年7月生猪销售情况 2025年7月，公司销售生猪20.36万头（其中仔猪2.93万头），销售收入3.51亿 元；商品猪销售均价15.66元/kg。 2025年1-7月，公司累计销售生猪126.57万头（其中仔猪18.23万头），累计销 售收入22.43亿元。 上述销售数据未经审计，与定期报告披露的数据之间可能存在差异，因此上 述数据仅作为阶段性数据供投资者参考。 | 月份 | 生猪销售数量（万头） | | 生猪销售收入（亿元） | | 商品猪价格（元/kg） | | | --- | --- | --- | --- | --- | --- | --- | | | 当月 | 累 ...