Group 1 - The company reported a revenue of 51.625 billion yuan for the first half of the year, representing a year-on-year increase of 4.13%, and a net profit of 755 million yuan, up 162% year-on-year [1] - In the feed business, total sales volume reached 13.93 million tons, a year-on-year increase of 13%, with export feed sales of 11.48 million tons, up 16% [1] - The company implemented measures to manage raw material procurement effectively, including strategic partnerships with suppliers and optimizing raw material costs, resulting in a reduction of production costs by approximately 30 yuan per ton [1] Group 2 - The company sold a total of 844.94 thousand pigs, generating revenue of 10.801 billion yuan, with an average PSY of 25.4, which is industry-leading [2] - The company is advancing digitalization and automation in its operations, with increased coverage of smart equipment and the launch of an AI assistant for pig farming [2] - In the slaughtering business, the company processed 1.6442 million pigs, achieving revenue of 3.568 billion yuan, and developed a linkage capability between breeding and slaughtering [2] Group 3 - The domestic animal husbandry industry is transitioning into a low-level operational phase in 2025, following a cyclical recovery in 2024, with a downward adjustment in the number of breeding sows expected [3] - The high pig prices in mid-2024 led to an increase in the number of breeding sows and pigs, but the subsequent price decline at the end of the year curbed further industry expansion [3]

Core Viewpoint - New Hope (000876.SZ) reported a revenue of 51.625 billion yuan for the first half of 2025, reflecting a year-on-year growth of 4.13% [1] - The net profit attributable to shareholders was 755 million yuan, with a net profit of 701 million yuan after deducting non-recurring gains and losses [1] - The basic earnings per share stood at 0.16 yuan [1] Industry Summary - The domestic animal husbandry industry transitioned from a cyclical recovery in 2024 to a low-level consolidation phase in 2025 [1] - High pig prices in mid-2024 led to an increase in the number of breeding sows and pigs, but the decline in prices by the end of the year restrained further industry expansion [1] - The number of breeding sows is expected to experience fluctuations downward in 2025 [1] Company Strategy - The company focused on expanding scale, improving efficiency, and reducing costs in its feed business [1] - In the pig farming sector, the company emphasized winter and spring epidemic prevention and production management improvements to continuously lower breeding costs [1] - The company increased resource investment in overseas markets and steadily advanced capacity construction [1] - The company continued to explore flexible financing channels to gradually reduce its debt ratio and financial expenses [1] Financial Performance - The company maintained profitability in each quarter of the first half of 2025, achieving a good year-on-year improvement despite facing lower pig prices compared to the same period last year [1]

Core Insights - New Hope Service Holdings Limited reported a revenue of approximately 740 million yuan for the first half of the year, representing a year-on-year growth of 4.3% [1] - The company achieved a gross profit of 234 million yuan with a gross margin of 31.6%, and a net profit attributable to shareholders of 121 million yuan, up 2.4% year-on-year [1] - The board proposed an interim dividend of 0.11 HKD per share, with a payout ratio increased to 70%, reflecting the company's commitment to shareholder returns and confidence in future cash flows [1] Market Expansion Achievements - During the reporting period, New Hope Service signed third-party project contracts worth 560 million yuan, a significant increase of 59% year-on-year [2] - The company’s third-party revenue contribution rose to 84%, enhancing its independence [2] - The company managed 254 property projects covering an area of 38.035 million square meters, with 96.6% of these projects located in first-tier, new first-tier, and second-tier cities, particularly in high-energy regions of Southwest and East China [2] Quality and Service Enhancement - New Hope Service's high-end service capabilities have become a competitive advantage, successfully acquiring several high-value projects with a property fee of 5 yuan per square meter per month [3] - The overall property fee increased to 3.14 yuan per square meter per month, a 3.6% rise from the previous year [3] - The retail business penetration rate improved to 6.7%, with external client contributions rising to 60%, showcasing the company's market expansion capabilities [3] Commercial Operations Performance - The commercial operations segment successfully managed projects like Kunming Xishan Wanda and Expo Hotel, with third-party revenue contribution increasing to 18.6% [4] - The occupancy rate for managed commercial projects, such as Nanning New Changxing, reached 96.07%, with a rental increase of 1.5%, while Chengdu New Hope International had an occupancy rate of 91.31% and a rental increase of 11.2% [4] Technological Empowerment - New Hope Service made significant progress in digitalization, achieving a cost reduction of approximately 640,000 yuan annually through the "AI + Robot + Human" model [5] - The integration of robots and AI in service operations allowed frontline employees to focus on high-value services, enhancing overall customer satisfaction [5] - The company plans to continue its high-target strategy, deepen market expansion, and enhance brand building through diversified business collaborations [5]

新希望六和股份有限公司 关于开展保值型汇率和利率资金交易业务的可行性报告 一、公司开展保值型汇率和利率资金交易业务的背景 新希望六和股份有限公司（以下简称"公司"）及子公司山东新 希望六和集团有限公司、新希望新加坡私人有限公司、新希望国际控 股私人有限公司、四川新希望动物营养科技有限公司、四川新和进出 口有限公司以及广东嘉好农产品有限公司因国际业务持续发展，外汇 收支与外币资产规模不断增长。尽管美联储已开启降息周期，但美国 新的关税政策及货币政策、各国政治经济发展的不均衡性与不确定性， 会致使美元兑公司所在国的各国币种汇率及利率存在双向波动。为有 效管理国际投融资与进出口等业务，及相应衍生的外币资产与负债所 面临的汇率和利率风险，开展保值型汇率和利率资金交易业务，加强 公司外汇及利率风险管理，已成为公司稳定经营的迫切需求。 二、公司开展保值型汇率和利率资金交易业务的概述 公司拟开展的保值型汇率和利率资金交易业务是指公司为减少 实际经营活动中汇率与利率波动带来的对公司资产、负债和盈利水平 的变动影响，利用金融机构提供的汇率及利率衍生产品开展的以保值 为目的的资金交易业务。公司开展的保值性汇率和利率资金交易业务 ...

证券代码：000876 证券简称：新希望 公告编号：2025-87 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 关于开展保值型汇率和利率资金交易业务的公告 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。 重要内容提示： 1、新希望六和股份有限公司（以下简称"公司"）及其全资子公司拟通过开展保值型 汇率和利率资金交易业务（以下简称"保值型资金交易业务"），来降低汇率和利率波动 对公司带来的不利影响。公司 2025-2026 年拟进行的保值型资金交易对应标的（进出口额、 外汇收支额或外币贷款额），在任意时点的余额不超过 6 亿美元，预计其任一交易日持有 的最高合约价值不超过 6 亿美元，期限为经公司董事会审议通过后 12 个月内。 2、已履行的审议程序：公司于 2025 年 8 月 28 日召开第十届董事会第五次会议，审议 通过了《关于开展保值型汇率和利率资金交易业务的议案》。本议案已经公司第十届董事 会风险控制委员会 2025 年第一次会议审议通过。 3、特别风险提示：公司开展保值型资金交易业务是为了提高公司应对 ...

| | | 资产负债表(未经审计 | | | | --- | --- | --- | --- | --- | | | | 2025年6月30日 | | | | 一用市 | 限公司 | | | 会企01表 金额单位:人民币元 | | | 2025年6月30日 | | 2024年12月31日 | | | | 台并 | 母公司 | 台并 | 母公司 | | 流动货 | | | | | | 货币资金 | 7.071.834.192.00 | 3.180.183.033.40 | 8.699.013.033.45 | 3.726.341.810.29 | | 结算备付金 | | | | | | 交易性金融资产 | 10.803.652.74 | | 4,273.616.17 | | | 应收票据 | 327.162.070.98 | | 146.857.514.96 | | | 应收账款 | 1.736.447.366.02 | 946.506.66 | 971.988.850.19 | | | 应收款项融资 | | | | | | 预付款项 | 645.439.890.55 | 26.439.783.38 | 564 ...

新希望六和股份有限公司 专项报告 根据中国证券监督管理委员会（以下简称"中国证监会"）《关于核准新希望六和股份有 限公司公开发行可转换公司债券的批复》（证监许可[2019]1902 号）文件核准，公司公开发行 400,000 万元可转换公司债券，每份面值 100 元，发行数量 4,000 万份，期限 6 年，募集资金 总额人民币400,000.00万元，扣除发行费用人民币1,717.10万元，实际募集资金净额398,282.90 万元。 2020 年 1 月 10 日，四川华信（集团）会计师事务所（特殊普通合伙）针对本次公开发 行可转换公司债券认购资金的实收情况进行了审验，并出具了川华信验（2020）第 0002 号《验 资报告》。 新希望六和股份有限公司 关于 2025 年半年度募集资金存放与使用情况的专项报告 根据中国证券监督管理委员会《上市公司募集资金监管规则》（证监会公告〔2025〕10 号）和《深圳证券交易所上市公司自律监管指引第1号——主板上市公司规范运作》（深证上 〔2025〕480号）等有关规定，新希望六和股份有限公司（以下简称"公司"或"本公司"） 董事会编制了截至2025年6月30日止的《 ...

| 证券代码：000876 | 证券简称：新希望 | 公告编号：2025-88 | | --- | --- | --- | | 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 关于增加 2025 年度日常关联交易预计额度 及补充签订日常关联交易协议的公告 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。 一、日常关联交易基本情况 （一）日常关联交易概述 （二）本次预计新增日常关联交易类别和金额 1、基本情况 为满足新希望六和股份有限公司（以下简称"公司"）日常生产 经营需要，根据相关法律、法规、规范性文件及《公司章程》有关规 定，公司第十届董事会第二次会议和 2024 年年度股东大会审议通过 了《关于签订日常关联交易框架协议暨对 2025 年度日常关联交易进 行预计的议案》。2025 年度公司向各关联人及其下属企业购买肉制 品、养殖设备、饲料原料等产品的金额不超过人民币 373,600 万元， 接受各关联人及其下属企业提供的劳务不超过人民币 106,500 万元， 向关联人承租资产不超过人民币 1,000 ...

新希望财务有限公司风险持续评估报告 一、财务公司基本情况 财务公司住所：成都高新区天府大道中段新希望国际大厦 A 座 26 层；法定代表人：杨芳。 财务公司现业务范围：吸收成员单位存款；办理成员单位贷款； 办理成员单位票据贴现；办理成员单位资金结算与收付；提供成员单 位委托贷款、债券承销、非融资性保函、财务顾问、信用鉴证及咨询 代理业务；从事同业拆借；办理成员单位票据承兑；办理成员单位产 品买方信贷；从事固定收益类有价证券投资。 二、财务公司内部控制的基本情况 （一）控制环境 新希望财务有限公司（以下简称"财务公司"）成立于 2011 年 1 月，系经原中国银行业监督管理委员会以《中国银监会关于新希望财 务有限公司开业的批复》（银监复〔2010〕626 号）文件批准，由新 希望集团有限公司及下属子公司共同出资组建的非银行金融机构。财 务公司《金融许可证》机构编码为：L0121H251010001；财务公司企 业法人营业执照统一社会信用代码为：91510100567178379M。 财务公司设立时注册资本为人民币 30,000.00 万元，全体股东均 以货币出资。2012 年 4 月，财务公司根据股东会决议及修 ...

附件： 新希望六和股份有限公司 专项说明 上市公司 2025 年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位：新希望六和股份有限公司 金额单位：元 | | | | | | | | | | 占 用 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 一、非经营 | 资金占用方 | 占用方与上 市公司的关 | 上市公司核算 | 2025 年期初占 | 2025 年半年度占 用累计发生金额 | 2025 年半年 度占用资金 | 2025 年半年度偿 | 2025 年半年度 期末占用资金余 | 形 | 占用性质 | | 性资金占用 | 名称 | | 的会计科目 | 用资金余额 | | | 还累计发生金额 | | 成 | | | | | 联关系 | | | （不含利息） | 的利息 | | 额 | 原 | | | | | | | | | | | | 因 | | | 控股股东、 | | | | | | | | | | | | 实际控制人 | | | | | | | | | | | | 及其附属企 | | | | ...