Investment Rating - The report maintains a positive investment rating for the pig farming sector, recommending continued investment in this area due to low historical valuations and potential recovery in prices [4][9]. Core Insights - The price of live pigs has dropped to 11.87 yuan per kilogram, indicating a potential restart of destocking in the pig farming industry [3][4]. - The report highlights that the average weight of pigs at slaughter is 127.4 kg, which is significantly higher than the same period in 2024 and 2025, suggesting an oversupply situation [4]. - The report anticipates a new wave of price declines for pigs after the Spring Festival, with the industry likely to face increased losses and further capacity reduction [4]. - The report notes that the average utilization rate of breeding facilities is currently high, which may contribute to the ongoing challenges in the industry [4]. Summary by Sections Pig Farming - The average price of live pigs is reported at 11.87 yuan/kg, with a week-on-week decrease of 2.8% [4]. - The average weight of pigs at slaughter is 127.4 kg, which is 4 kg heavier than the same period in previous years [4]. - The report indicates that the breeding sector has experienced three weeks of profitability but has recently returned to losses, with an average loss of 38 yuan per head [4]. - The report lists the monthly slaughter volumes of major listed pig companies, with a total of 13.08 million pigs slaughtered in January 2026, reflecting an 8.5% year-on-year increase [4]. Poultry Farming - The report states that the inventory of white feather broiler chickens remains high, while yellow feather chicken farming has been profitable for over five months [5][7]. - The average price of yellow feather broilers is reported at 14.95 yuan/kg, with a slight week-on-week decrease [7]. Cattle Industry - The report notes that the total cattle inventory in China has decreased by 8.6% as of the end of 2025, with expectations for continued declines in 2026 [9]. - The report suggests that declining cattle inventory is a precursor to rising beef prices, with predictions for accelerated price increases in the first half of 2026 [9]. Pet Food Market - The pet market in China is projected to grow by 4.1% in 2025, reaching a total market size of 312.6 billion yuan [8]. - The report highlights that the pet food market share has increased to 53.7%, with significant growth in core brands [8].

Performance Highlights - Guomachine General reported a net profit of 585.16 million yuan for 2025, a year-on-year increase of 45.71% with total revenue of 899 million yuan, up 17.32% [5] - Tianshili achieved a net profit of 1.105 billion yuan, a 15.68% increase year-on-year, despite a revenue decline of 3.08% to 8.236 billion yuan [5] - Focus Technology's net profit rose by 11.73% to 504 million yuan, with total revenue reaching 1.92 billion yuan, up 15.06% [5] - Times Electric reported a net profit of 4.105 billion yuan, a 10.88% increase, with total revenue of 28.761 billion yuan, up 15.46% [5] - Tongxingbao's net profit increased by 5.51% to 221 million yuan, with total revenue of 1.068 billion yuan, up 19.24% [5] Capital Increase & Restructuring - Ruili Kemi is planning to issue shares to acquire a 16% stake in its subsidiary, with trading suspended from February 9 [6] - Longyun Co. intends to acquire a 58% stake in Yuheng Film and Television, with trading resuming on February 9 [6] - Yingwang Yingchuang is set to acquire 100% of Lianshi Legend, a smart marketing service provider [6] - Jiantou Energy's application for a specific stock issuance has been approved by the Shenzhen Stock Exchange [6] - Shanshan Co. signed a restructuring investment agreement with its controlling shareholder [6] Major Events - Aihuilong received a notice of investigation from the China Securities Regulatory Commission for suspected information disclosure violations [9] - Tiansheng New Materials also received a notice of investigation for similar reasons [10] - Cloud Road Co. announced the lifting of the detention of its chairman and general manager [10] - TCL Zhonghuan's subsidiary signed a patent licensing agreement with Aiyu Co. for a total fee of 1.65 billion yuan [11] - Shenjian Co. reported that its aerospace business revenue is relatively small, accounting for less than 1% of total revenue [11] Investment Projects - Wantong Expressway plans to invest approximately 5.42 billion yuan in the renovation and expansion of the Lianhuo Expressway [15] - Zhixin Co. intends to invest up to 1.1 billion yuan in an automotive welding parts project [15] - Hangyu Technology plans to invest up to 1.05 million euros in a forging production base in Slovakia [15] - Dongtianwei is set to invest 400 million yuan in a global R&D center and manufacturing headquarters in South China [15] - Zhongguancun is planning to build a modern digital factory for traditional Chinese medicine in Jiamusi City [15] Stock Trading Updates - The stock of Cuihua Jewelry will be suspended for one day starting February 9 due to the freezing of its main bank accounts [4] - The stock of Longyun Co. will resume trading on February 9 after a suspension [23] - Ruili Kemi and Yongtai Technology will be suspended from trading starting February 9 [24]

Core Viewpoint - The company has successfully transitioned to an order-based seedling cultivation model, enhancing seedling quality and providing stable income for local villagers through skill development and employment opportunities [3][4]. Group 1: Company Operations - The company specializes in grafting techniques to improve seedling disease resistance and growth, which significantly increases yield potential [3]. - The company has received over 1.6 million seedling orders this year, with the first batch of 400,000 expected to be sold before the Spring Festival, including varieties like tomatoes, melons, and cucumbers [4]. - The company plans to expand its seedling production scale by doubling its capacity in the next three years and constructing six additional seedling greenhouses, totaling approximately 1,600 square meters [5]. Group 2: Industry Trends - There is a growing demand for cold-shelter and land-cool vegetable seedlings in the region, driven by the development of courtyard economies [4]. - The company introduces dozens of new seed varieties each year, selecting those with stable performance, strong disease resistance, and high yield for promotion to farmers [4]. - The implementation of standardized seedling production techniques has led to continuous improvements in seedling emergence rates, robust seedling rates, and transplanting rates, laying a foundation for increased farmer income [4].

Core Insights - The sales data from major pig farming companies in January 2026 indicates a slight recovery in pig prices after a prolonged period of decline, with prices generally rising to above 12 RMB/kg compared to December 2025 [1][2] - The stability and growth of large-scale farming operations are putting pressure on smallholders, highlighting the ongoing trend of industry consolidation and the need for smaller farmers to adapt to market changes [2][3] Group 1: Market Dynamics - Major pig farming companies reported significant sales figures, with Muyuan selling over 7 million pigs and Wens close to 3 million pigs in January 2026 [1] - The average selling prices for pigs in January were reported as follows: Muyuan at 12.57 RMB/kg, Wens at 12.75 RMB/kg, New Hope at 12.48 RMB/kg, and Dongrui at 13.33 RMB/kg, showing a month-on-month increase [1] - The rise in prices is attributed to multiple factors, including pre-Spring Festival stocking and adjustments in the sales rhythm of large farms [1] Group 2: Impact on Smallholders - The increasing market share of large-scale farms is exacerbating the disadvantages faced by smallholders in terms of information access, cost management, and risk resilience [2] - Each price fluctuation serves as a test for all market participants, emphasizing the need for smallholders to understand market dynamics and their positioning within the industry [2] Group 3: AI Integration in Agriculture - The January 2026 Central Document No. 1 emphasizes the integration of artificial intelligence (AI) with agricultural development, marking a shift from concept to practical application in the pig farming sector [2][3] - Wens has implemented AI in over 200 business scenarios, with more than 20 achieving large-scale application, focusing on areas such as disease prediction and feed nutrition adjustment [3] - The use of AI aims to enhance operational efficiency and decision-making in pig farming, transforming traditional practices into data-driven processes [3] Group 4: Technological Advancements - The essence of pig farming remains unchanged: to raise healthy pigs at reasonable costs for sustainable profits, despite advancements in technology and market fluctuations [3][4] - Smallholders are encouraged to adopt technology gradually, such as using management apps and remote consultation platforms, to improve data management and decision-making [4][5] - The industry's evolution is shaped by both large and small farms, with resilience and continuous learning being crucial for navigating uncertainties [5]

此外，2026年1月，公司销售仔猪22.22万头，销售种猪5.42万头。 （企业公告） 2月6日，新希望发布公告称，公司 2026年1月销售商品猪112.18万头，环比变动-28.02%，同比变动9.70%。商品猪销 售收入16.28亿元，环比变动-20.15%，同比变动-10.03%。商品猪销售均价12.48元/公斤，环比变动10.64%，同比变 动-19.01%。 ...

2月7日，新希望（000876）六和股份有限公司（以下简称"新希望"）披露1月份生猪销售情况简报。该 公司在1月份销售商品猪112.18万头，环比减少28.02%，同比增长9.7%；实现商品猪销售收入16.28亿 元，环比、同比分别减少20.15%、10.03%；商品猪销售均价为12.48元/公斤，环比增长10.64%，同比减 少19.01%。 作为生猪养殖行业的龙头企业，新希望近年来稳步发展生猪业务，加强防疫与生产管理，出栏规模稳健 提升，各项技术指标持续改善，养殖成本持续降低。数据显示，2025年全年，该公司实现生猪销量 1754.54万头，销售收入为232.05亿元，截至2025年12月份，该公司正常运营场线肥猪完全成本已经降至 12.2元/公斤。 目前，包括新希望在内的行业公司正积极推进自身业务从"规模扩张"转向"效率提升"以及高质量发展方 向，降本工作也在持续推进。新希望相关负责人近期在与投资者互动时介绍，在生猪养殖方面，该公司 2026年的降本目标是1元/公斤至1.5元/公斤，主要通过健康管理、生产管理、育种改良等多方面发力。 从具体措施看，健康管理方面主要是进一步降低非洲猪瘟发病率，同时实现更多 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000876 证券简称：新希望 公告编号：2026-13 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。 一、2026年1月份销售情况 债券代码：127049 债券简称：希望转2 公司2026年1月销售商品猪112.18万头，环比变动-28.02%，同比变动9.70%。商品猪销售收入16.28亿 元，环比变动-20.15%，同比变动-10.03%。商品猪销售均价12.48元/公斤，环比变动10.64%，同比变 动-19.01%。 2026年1月，公司销售仔猪22.22万头，销售种猪5.42万头。 二、特别提示 新希望六和股份有限公司 董 事 会 二○二六年二月七日 1、上述披露仅包含公司生猪销售情况，不包含其他业务。 2、上述数据均未经审计，与定期 ...

Company Announcements - Tongde Chemical's assets in Beijing have been frozen due to a financing lease contract dispute with Zhejiang Zhiyin Financial Leasing Co., Ltd. The company is in communication to resolve the issue while maintaining normal operations [3] - Jindi Co. plans to acquire 100% equity of Guangzhou Yuni Precision Co., Ltd. for 116 million yuan, focusing on precision stamping products for automotive applications [4] - XWANDA's subsidiary reached a settlement in a lawsuit involving 2.314 billion yuan, with an expected impact on the company's net profit of 500 million to 800 million yuan for 2025 [5] - Wantong Expressway intends to invest approximately 5.42 billion yuan in the renovation and expansion of the Lianhuo Expressway, with construction expected to start in 2026 [6] - ZTE Corporation plans to invest 200 million yuan in the Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Fund, which focuses on technology and manufacturing sectors [7] - Fawer Automotive Components has completed the relocation of its Chongqing factory, which will enhance production capacity to 4 million shock absorbers annually [8] - YHLO has been investigated by the China Securities Regulatory Commission for suspected information disclosure violations, but its operations remain normal [9] - Crystal Integrated plans to invest 2 billion yuan to acquire 100% equity of Anhui Jingyi Integrated Circuit Co., Ltd., focusing on advanced semiconductor manufacturing [10] - Dongtian Micro plans to invest 400 million yuan in a global R&D center and manufacturing headquarters in Dongguan [11] Performance Reports - New Hope reported a January sales revenue of 1.628 billion yuan from 1.1218 million pigs, a year-on-year decline of 10.03% [13] - Tianbang Foods achieved a January sales revenue of 674 million yuan from 682,000 pigs, with a year-on-year increase of 9.93% [14] - Guoji General reported a net profit of 58.5157 million yuan for 2025, a year-on-year increase of 45.71% [15] - Zhongtong Bus sold 1,231 vehicles in January, marking a year-on-year growth of 35.72% [16] - Kunming Pharmaceutical Group reported a net profit of 350 million yuan for 2025, a year-on-year decline of 46% [17] - Focus Technology achieved a net profit of 504 million yuan for 2025, a year-on-year increase of 11.73% [18] - China Shipbuilding Special Gas reported a net profit of 347 million yuan for 2025, a year-on-year increase of 12.92% [20] Shareholding Changes - Lushan New Materials' controlling shareholder plans to reduce its stake by up to 3% [22] - Zhongji United's two directors plan to reduce their holdings by up to 0.91% [23] - Dajia Weikang's controlling shareholder plans to reduce its stake by up to 3% [24] - Hu Silicon Industry's National Integrated Circuit Industry Investment Fund plans to reduce its stake by up to 3% [25] Major Contracts - Chuangyuan Technology's subsidiary is a recommended candidate for a National Grid project with a pre-bid amount of 94.7672 million yuan [27]

Group 1 - ZTE Corporation plans to invest 200 million RMB to subscribe to the Guangdong-Hong Kong-Macao Greater Bay Area Venture Capital Guidance Fund, focusing on areas supported by national policies such as new generation information technology and biotechnology [1] - Huayi Jewelry's subsidiary has reported overdue loans totaling 200 million RMB due to tight liquidity, with a cumulative overdue principal of 254 million RMB [2] - Guangzhou Baiyunshan Pharmaceutical's subsidiary has received approval for the consistency evaluation of Alfacalcidol soft capsules, which are used to treat calcium metabolism disorders [3] Group 2 - Kunming Pharmaceutical Group reported a 21.72% decline in revenue to 6.577 billion RMB and a 46% drop in net profit to 350 million RMB for 2025 [4] - Jiantou Energy's application for a specific stock issuance has been approved by the Shenzhen Stock Exchange [5] - Jinchuan Titanium Industry's subsidiary has temporarily suspended its sulfuric acid production due to reduced demand [6] Group 3 - Kelun Pharmaceutical's subsidiary has received approval for a new indication for its antibody-drug conjugate, which is used to treat advanced hormone receptor-positive breast cancer [7] - Fawer Co., Ltd. has completed the relocation of its Chongqing Yuantai Shock Absorber Company and commenced production [8] - Jiuzhoutong's subsidiary has received acceptance for the listing application of Betahistine Hydrochloride tablets [9] Group 4 - Zhongguancun plans to build a traditional Chinese medicine and raw material drug production base in Jiamusi City, Heilongjiang Province [11] - China Wuyi announced that part of its land in Kenya has been requisitioned by the government, with compensation of approximately 6.25 million RMB [12] - Times Electric reported a 15.46% increase in revenue to 28.761 billion RMB and a 10.88% increase in net profit to 4.105 billion RMB for 2025 [13] Group 5 - Top Cloud Agriculture's shareholder has received regulatory measures from the Zhejiang Securities Regulatory Bureau for failing to timely disclose shareholding changes [14] - Xinwanda's subsidiary has reached a settlement in a lawsuit involving over 2.314 billion RMB, with an estimated impact of 500 to 800 million RMB on net profit for 2025 [15] - Dongrui Co., Ltd. reported a 25.19% increase in pig sales revenue in January, totaling 214 million RMB [16] Group 6 - Tianjin Tianshi reported a 3.08% decline in revenue to 8.236 billion RMB, while net profit increased by 15.68% to 1.105 billion RMB for 2025 [17] - Wantong Expressway plans to invest approximately 5.42 billion RMB in the renovation and expansion of the Lianhuo Expressway [18] - Qiaoyin Co., Ltd. has pre-qualified for a sanitation integration service project worth approximately 73.8 million RMB [20] Group 7 - Jindi Co., Ltd. plans to acquire 100% equity of Yuni Precision for 116 million RMB, focusing on precision stamping products [21] - Heng Rui Medicine's HRS-4642 injection has been included in the list of breakthrough therapeutic varieties [22] - Tongde Chemical has had some assets frozen due to a financing lease dispute [23] Group 8 - Zhongli Co., Ltd. is establishing an industrial fund with a total commitment of approximately 408.76 million RMB, focusing on new materials and artificial intelligence [24] - Tianbang Food reported a 9.93% increase in pig sales revenue in January, totaling 674 million RMB [25] - New Hope reported a 10.03% decrease in pig sales revenue in January, totaling 1.628 billion RMB [26] Group 9 - Tainkang's subsidiary has received a drug registration certificate for Minoxidil topical solution [27] - Lihua Co., Ltd. reported a 9.8% increase in chicken sales revenue in January, totaling 1.289 billion RMB [28] - Guojitong General reported a 45.71% increase in net profit to 58.52 million RMB for 2025 [29] Group 10 - Zhixin Co., Ltd. plans to invest up to 1.1 billion RMB in an automotive stamping and welding parts project [30] - Chuangyuan Technology's subsidiary has pre-qualified for a National Grid project worth approximately 94.77 million RMB [31] - Lisheng Pharmaceutical's adenine phosphate raw material has passed the listing application [32] Group 11 - Tongguang Cable's subsidiary has pre-qualified for a National Grid project worth approximately 108 million RMB [33] - Zhenghong Technology reported a 7.74% increase in pig sales revenue in January, totaling 14.35 million RMB [34] - Pengding Holdings reported a 0.07% decrease in consolidated revenue in January, totaling 2.701 billion RMB [35] Group 12 - Hongri Pharmaceutical has received approval for clinical trials of its injectable drug for acute pancreatitis [36][37] - Xinhua Medical has decided to terminate the acquisition of a 36.19% stake in Wuhan Zhongzhi Biotechnology [38] - Tianyu Bio reported an 11.23% decrease in pig sales revenue in January, totaling 54.29 million RMB [39]

每经AI快讯，新希望(000876)2月6日公告，公司2026年1月销售商品猪112.18万头，环比下降28.02%， 同比增长9.7%。商品猪销售收入16.28亿元，环比下降20.15%，同比下降10.03%。商品猪销售均价12.48 元/公斤，环比增长10.64%，同比下降19.01%。 （文章来源：每日经济新闻） ...