Group 1 - The core point of the article is that Tianbang Food (002124.SZ) reported its commodity pig sales for August 2025, indicating a total sale of 529,700 pigs, including 202,600 piglets, with a sales revenue of 621 million yuan [1] - The average selling price for the pigs was 15.02 yuan per kilogram, while the average price for fat pigs was 13.71 yuan per kilogram [1] - The sales figures showed a month-on-month change of -1.32% in the number of pigs sold, -9.43% in sales revenue, and -7.22% in average selling price [1]

Group 1 - The company reported sales of 529,700 pigs in August 2025, including 202,600 piglets, generating a revenue of 621 million yuan [1] - The average selling price was 15.02 yuan per kilogram, with the average price for fat pigs at 13.71 yuan per kilogram [1] - Month-over-month changes in sales volume, revenue, and average price were -1.32%, -9.43%, and -7.22% respectively [1]

Group 1 - The company sold 529,700 pigs in August 2025, including 202,600 piglets, generating sales revenue of 621.15 million yuan, with an average selling price of 15.02 yuan/kg [1] - The average price for fat pigs was 13.71 yuan/kg, showing a month-on-month decline of 1.32% in sales volume, 9.43% in sales revenue, and 7.22% in average price [1] - The data only includes the company's wholly-owned subsidiaries and does not account for its joint ventures, which sold a total of 115,908 pigs in August 2025 [1]

Core Viewpoint - Tianbang Food (002124) reported a decline in both sales volume and revenue for August 2025, indicating a challenging market environment for the company and the industry overall [1] Sales Performance - In August 2025, the company sold 529,700 pigs, including 202,600 piglets, generating a revenue of 621 million yuan, with an average selling price of 15.02 yuan/kg for pigs and 13.71 yuan/kg for fat pigs, reflecting a month-on-month change of -1.32%, -9.43%, and -7.22% respectively [1] - From January to August 2025, the company sold 4.0246 million pigs, including 1.3578 million piglets, with total revenue of 5.450 billion yuan and an average selling price of 16.05 yuan/kg for pigs and 14.61 yuan/kg for fat pigs, showing a year-on-year change of -1.00%, -4.76%, and -8.95% respectively [1]

Group 1 - The company Tianbang Food (002124.SZ) reported sales of 529,700 pigs in August 2025, including 202,600 piglets, generating a revenue of 621.15 million yuan, with an average selling price of 15.02 yuan/kg for pigs and 13.71 yuan/kg for fat pigs, showing a month-on-month change of -1.32%, -9.43%, and -7.22% respectively [1] - For the period from January to August 2025, the company sold 4,024,600 pigs, including 1,357,800 piglets, with a total revenue of 5,450.45 million yuan and an average selling price of 16.05 yuan/kg for pigs and 14.61 yuan/kg for fat pigs, reflecting a year-on-year change of -1.00%, -4.76%, and -8.95% respectively [1]

Core Insights - Tianbang Food (002124.SZ) reported sales of 529,700 pigs in August 2025, generating revenue of 621.15 million yuan, with an average selling price of 15.02 yuan/kg [1] - For the period from January to August 2025, the company sold 4.0246 million pigs, with total revenue of 5.450448 billion yuan and an average selling price of 16.05 yuan/kg [1] Sales Performance - August 2025 sales included 202,600 piglets, with a month-on-month change in sales volume, revenue, and average price of -1.32%, -9.43%, and -7.22% respectively [1] - From January to August 2025, piglet sales accounted for 1.3578 million, with year-on-year changes in sales volume, revenue, and average price of -1.00%, -4.76%, and -8.95% respectively [1] Price Trends - The average selling price for commodity pigs in August 2025 was 13.71 yuan/kg, indicating a decline compared to previous months [1] - The average selling price for commodity pigs from January to August 2025 was 14.61 yuan/kg, reflecting a downward trend in pricing [1]

天邦食品股份有限公司 2025 年 8 月份商品猪销售情况简报 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没 有虚假记载、误导性陈述或者重大遗漏。 证券代码：002124 证券简称：天邦食品 公告编号：2025-066 二、风险提示 1、商品猪市场价格的大幅波动（下降或上升），都可能会对公司的经营业绩产生 重大影响。 2、生猪市场价格变动的风险是整个生猪生产行业的系统风险，对任何一家生猪生 产者来讲都是客观存在的、不可控制的外部风险。 一、商品猪销售情况 公司 2025 年 8 月份销售商品猪 52.97 万头（其中仔猪销售 20.26 万头），销售收 入 62,115.07 万元，销售均价 15.02 元/公斤（商品肥猪均价为 13.71 元/公斤），环比变 动分别为-1.32%、-9.43%、-7.22%。 2025 年 1-8 月销售商品猪 402.46 万头（其中仔猪销售 135.78 万头），销售收入 545,044.88 万元，销售均价 16.05 元/公斤（商品肥猪均价为 14.61 元/公斤），同比变动 分别为-1.00%、-4.76%、-8.95%。 上述数据统计口径仅包括公 ...

Core Viewpoint - The company reported a decline in both sales volume and revenue for August 2025, indicating potential challenges in the market for pork products [1] Sales Performance - In August 2025, the company sold 529,700 pigs, including 202,600 piglets, generating a revenue of 621 million yuan, with an average selling price of 15.02 yuan/kg for pigs and 13.71 yuan/kg for fat pigs, reflecting a month-on-month change of -1.32%, -9.43%, and -7.22% respectively [1] - From January to August 2025, the company sold 4.0246 million pigs, including 1.3578 million piglets, with total revenue of 5.45 billion yuan and an average selling price of 16.05 yuan/kg for pigs and 14.61 yuan/kg for fat pigs, showing a year-on-year change of -1.00%, -4.76%, and -8.95% respectively [1]

Group 1 - The pork concept sector rose by 1.33%, ranking 9th among concept sectors, with 30 stocks increasing in value, led by Aonong Biological, Dayu Biological, and Yisheng Shares, which rose by 5.03%, 3.40%, and 3.26% respectively [1] - Major funds saw a net outflow of 172 million yuan from the pork concept sector today, with 14 stocks experiencing net inflows, the highest being Wens Foodstuffs with a net inflow of 88.13 million yuan [2][3] - The top three stocks by net inflow ratio were Tianbang Food, Wens Foodstuffs, and Bangji Technology, with net inflow ratios of 8.55%, 7.73%, and 2.83% respectively [3] Group 2 - The pork concept sector's performance was overshadowed by other sectors, such as the dairy industry, which rose by 2.95%, and the duty-free store sector, which increased by 2.57% [2] - The overall market sentiment showed a mixed performance, with several sectors experiencing significant declines, including the National Big Fund holding, which fell by 5.84% [2] - The trading volume and turnover rates varied significantly among stocks in the pork sector, indicating differing levels of investor interest and activity [4]

Core Viewpoint - The company is addressing investor concerns regarding its underutilized breeding facilities and is taking steps to improve capacity utilization and reduce breeding costs [2]. Group 1: Company Actions - Since 2025, the company has effectively increased the capacity utilization of its breeding and fattening farms through measures such as lease reductions, facility optimization, and renovations [2]. - The company plans to further optimize capacity utilization and reduce average breeding costs by considering restructuring progress and market conditions [2]. Group 2: Investor Interaction - An investor suggested that the company should dispose of idle breeding farms to generate cash and lower breeding costs, highlighting the current capacity utilization rate of less than 60% [2]. - The company has acknowledged the investor's suggestion and has communicated it to the management team for consideration [2].