Core Viewpoint - The company reported a decrease in revenue and average selling price of pigs, influenced by changes in the domestic market conditions [1] Group 1: Sales Performance - The company sold 1.3942 million pigs in September 2025, representing a month-on-month increase of 4.22% and a year-on-year increase of 16.92% [1] - Revenue for the same period was 1.746 billion yuan, showing a month-on-month increase of 1.39% but a year-on-year decrease of 23.82% [1] Group 2: Pricing Analysis - The average selling price of pigs was 12.89 yuan per kilogram, reflecting a month-on-month decrease of 4.80% and a significant year-on-year decrease of 31.47% [1] - The substantial year-on-year decline in selling prices is primarily attributed to fluctuations in the domestic pig market [1]

Core Viewpoint - New Hope (000876.SZ) reported a significant decline in revenue and average selling price of live pigs, primarily due to changes in the domestic market conditions [1] Group 1: Sales Performance - The company sold 1.3942 million live pigs in September 2025, representing a month-on-month increase of 4.22% and a year-on-year increase of 16.92% [1] - Revenue from sales reached 1.746 billion yuan, with a month-on-month increase of 1.39% but a year-on-year decrease of 23.82% [1] Group 2: Pricing Trends - The average selling price of commodity pigs was 12.89 yuan per kilogram, showing a month-on-month decrease of 4.80% and a year-on-year decrease of 31.47% [1] - The substantial year-on-year decline in selling prices is mainly attributed to fluctuations in the domestic live pig market [1]

Core Viewpoint - The domestic pig prices have sharply declined, with futures contracts dropping nearly 6% to below 12,000 yuan per ton, attributed to a combination of reduced demand and increased supply pressure [2][3]. Group 1: Price Trends - The weighted price of October pig futures has already seen a monthly decline of 7.9%, following an 8.4% drop in September, marking the largest monthly decline since January [3]. - The sales data from listed pig companies indicate a significant increase in sales volume despite the drop in average selling prices, with companies like Wens Foodstuffs reporting a 32.46% year-on-year increase in sales [4]. Group 2: Supply and Demand Dynamics - There is a notable increase in the planned slaughter volume for October, with a 5.48% rise compared to September, indicating ongoing supply pressure [5][6]. - The market consensus suggests a phase of demand inertia decline post-holiday, with expectations of reduced consumer demand and limited new orders from major slaughterhouses [7]. Group 3: Market Sentiment - The overall market sentiment is pessimistic, with many institutions expressing a bearish outlook for pig prices over the next three months due to high levels of breeding sows and slow capacity reduction [8][9]. - The industry is experiencing a phase of losses, with companies focusing on cost-cutting and cash flow management, leading to a challenging environment for price recovery [8].

Core Viewpoint - New Hope (000876.SZ) reported a significant decline in revenue and average selling price of hogs, primarily due to changes in the domestic hog market conditions [1] Sales Performance - The company sold 1.3942 million hogs in September 2025, representing a month-on-month increase of 4.22% and a year-on-year increase of 16.92% [1] - Revenue for the same period was 1.746 billion yuan, showing a month-on-month increase of 1.39% but a year-on-year decrease of 23.82% [1] Pricing Trends - The average selling price of hogs was 12.89 yuan per kilogram, which reflects a month-on-month decrease of 4.80% and a year-on-year decrease of 31.47% [1] - The substantial year-on-year decline in selling prices is mainly attributed to fluctuations in the domestic hog market [1]

证券代码：000876 证券简称：新希望 公告编号：2025-99 债券代码：127015、127049 债券简称：希望转债、希望转 2 新希望六和股份有限公司 2025 年 9 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。 新希望六和股份有限公司（以下简称"公司"）下属子公司从事 生猪养殖业务。按照《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》规定，深交所鼓励从事畜禽、水产养殖业务的上 市公司每月通过临时公告形式披露相关业务销售情况，公司将参照指 引相关规定执行。 2、上述数据均未经审计，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。敬请广大 投资者注意投资风险。 特此公告 新希望六和股份有限公司 董 事 会 二○二五年十月十日 公司 2025 年 9 月销售生猪 139.42 万头，环比变动 4.22%，同比 变动 16.92%。收入 17.46 亿元，环比变动 1.39%，同比变动-23.82%。 商品猪销售均价 12.89 元/公斤，环比变动-4.80%，同比变动-31. ...

Core Insights - New Hope reported a decrease in the average selling price of commodity pigs in September, indicating a challenging market environment for the company [1] Sales Performance - In September 2025, New Hope sold 1.3942 million pigs, representing a month-on-month increase of 4.22% and a year-on-year increase of 16.92% [1] - The revenue for September was 1.746 billion yuan, showing a month-on-month growth of 1.39% but a year-on-year decline of 23.82% [1] Pricing Trends - The average selling price of commodity pigs was 12.89 yuan per kilogram, which reflects a month-on-month decrease of 4.80% and a year-on-year decrease of 31.47% [1]

Core Viewpoint - The company reported an increase in pig sales volume but a decline in sales revenue and average selling price, indicating a mixed performance influenced by market conditions [1] Sales Performance - In September 2025, the company sold 1.3942 million pigs, representing a month-on-month increase of 4.22% and a year-on-year increase of 16.92% [1] - The sales revenue for the month was 1.746 billion yuan, showing a month-on-month increase of 1.39% but a year-on-year decline of 23.82% [1] Pricing Trends - The average selling price of commercial pigs was 12.89 yuan per kilogram, which reflects a month-on-month decrease of 4.8% and a year-on-year decrease of 31.47% [1] - The price decline is primarily attributed to changes in the domestic pig market conditions [1]

证券代码：000876 证券简称：新希望 公告编号：2025-100 债券代码：127015、127049 债券简称：希望转债、希望转 2 公司董事兼高级管理人员陶玉岭先生保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 新希望六和股份有限公司 关于董事减持计划期限届满暨实施情况的公告 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 新希望六和股份有限公司（以下简称"公司"）于 2025 年 6 月 10 日在巨潮资讯 网（www.cninfo.com.cn）上披露了《关于部分董事、监事、高级管理人员减持股份 的预披露公告》（公告编号：2025-53）：公司董事兼高级管理人员陶玉岭先生计划于 2025 年 7 月 1 日至 2025 年 9 月 30 日减持本公司股份不超过 328,125 股，约占本公 司总股本比例 0.0072%；公司高级管理人员李爽先生计划于 2025 年 7 月 1 日至 2025 年 9 月 30 日减持本公司股份不超过 225,000 股，约占本公司总股本比例 0.0050%； 公司监事庞允东先生计划于 2025 年 7 月 1 ...

| 证券代码：000876 | 证券简称：新希望 | 公告编号：2025-98 | | --- | --- | --- | | 债券代码：127015,127049 | 债券简称：希望转债，希望转 | 2 | 新希望六和股份有限公司 2025 年第三季度可转换公司债券转股情况公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 4、 希望转债转股时间：2020 年 7 月 9 日至 2026 年 1 月 2 日； 希望转 2 转股时间：2022 年 5 月 9 日至 2027 年 11 月 1 日 希望转 2 转股价格：10.59 元/股 根据《深圳证券交易所股票上市规则》、《深圳证券交易所可转换 公司债券业务实施细则》的有关规定，新希望六和股份有限公司（以 下简称"公司"）现将 2025 年第三季度可转换公司债券转股及公司股 本变动情况公告如下： 一、可转债发行上市概况 （一）希望转债发行上市情况 1、 股票代码：000876，股票简称：新希望 2、 债券代码：127015；债券简称：希望转债 债券代码：127049；债券简称：希望转 2 3、 ...

Market Overview - On October 9, the aquaculture sector rose by 0.21% compared to the previous trading day, with *ST Tianshan leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Stock Performance - The top-performing stocks in the aquaculture sector included: - *ST Tianshan: Closed at 8.70, up 4.32% with a trading volume of 64,800 shares and a turnover of 55.68 million yuan [1] - Jingji Dron: Closed at 16.82, up 3.44% with a trading volume of 166,300 shares and a turnover of 276 million yuan [1] - Lihua Co.: Closed at 22.17, up 2.12% with a trading volume of 133,000 shares and a turnover of 288 million yuan [1] Capital Flow - The aquaculture sector experienced a net outflow of 361 million yuan from institutional investors, while retail investors saw a net inflow of 92.07 million yuan [2] - Notable capital flows included: - Shengnong Development: Net inflow of 23.73 million yuan from institutional investors, but a net outflow of 41.17 million yuan from retail investors [3] - Zhengbang Technology: Net inflow of 16.55 million yuan from institutional investors, with a net outflow of 21.71 million yuan from retail investors [3] Summary of Key Stocks - Stocks with significant net inflows from institutional investors included: - *ST Tianshan: 5.84 million yuan, representing 10.50% of total inflow [3] - New Hope: 4.72 million yuan, representing 1.19% of total inflow [3] - Stocks with notable net outflows from retail investors included: - Shengnong Development: -41.17 million yuan, representing -12.38% of total outflow [3] - Zhengbang Technology: -21.71 million yuan, representing -5.89% of total outflow [3]