Core Viewpoint - In the first half of 2025, the company reported a revenue of 12.468 billion yuan, marking a year-on-year increase of 15.05%, but also recorded a net loss of 60 million yuan, a shift from profit to loss [1] Group 1: Financial Performance - The company achieved a revenue of 12.468 billion yuan in the first half of 2025, representing a year-on-year growth of 15.05% [1] - The net loss for the period was 60 million yuan, indicating a transition from profit to loss compared to the previous year [1] Group 2: Operational Metrics - The company reported a total of 2.5936 million pigs sold during the first half of 2025, which is a year-on-year increase of 37.75% [1] - The number of fat pigs sold was 2.4661 million, accounting for 95.08% of total sales [1] - The company’s feed sales, both domestic and international, reached 3.2256 million tons, reflecting a year-on-year growth of 12% [1] Group 3: Meat Business - The meat business generated a revenue of 696 million yuan during the reporting period [1]

Core Viewpoint - Tangrenshen Group reported a strong recovery in its business performance for the first half of 2025, with significant growth in revenue and cash flow, indicating a positive trend in operations [1] Financial Performance - In the first half of 2025, the company achieved an operating revenue of approximately 12.468 billion yuan, a year-on-year increase of 15.05% [1] - The net cash flow from operating activities reached about 660 million yuan, reflecting a remarkable year-on-year growth of 1979.24% [1] - The net increase in cash and cash equivalents was 136 million yuan [1] Feed Business - Tangrenshen has over 30 years of experience in feed research, production, and sales, with a strong market competitiveness due to its established nutritional technology and formula database [1] - The total sales volume of feed reached 3.2256 million tons in the first half of 2025, marking a year-on-year growth of 12% [1] Pig Farming Operations - The company reported a pig output of 2.5936 million heads, a year-on-year increase of 37.75% [1] - The output of fat pigs was 2.4661 million heads, showing a significant year-on-year growth of 49.73% [1] - The cost of weaned piglets was 331 yuan per head, down by 41 yuan from the end of December 2024 [1] - The fattening production cost was 12.71 yuan per kilogram, a decrease of 0.74 yuan from the end of December 2024 [1] Business Model and Technology - The company primarily operates on a "company + farmer" model in regions such as Hunan, Guangdong, and Guangxi, enhancing the technical and service capabilities of its partner farmers [2] - Tangrenshen has accumulated extensive experience in smart production equipment and environmental monitoring, utilizing online cameras and intelligent robots to ensure the health of pigs and improve production efficiency [2] Meat Processing and Sales - Since 1995, the company has been involved in pig slaughtering and meat processing, establishing modern processing bases in regions like Zhuzhou, Hunan, and Nale, Henan [2] - The company has developed the "Xiangxiang Pig" fresh brand and is expanding its sales network from local to national levels through various channels, including e-commerce and live streaming [2] Future Plans - In the second half of 2025, the company plans to focus on low-cost pig farming, enhance breeding work, and improve the production performance of sows [3] - The company aims to increase the capacity utilization of its own sow farms and reduce fattening costs while also investing in the meat business to strengthen its competitive advantage in the entire pork supply chain [3]

Company Summary - Tangrenshen (SZ 002567) announced an asset impairment provision of approximately 59.45 million yuan, which will be reflected in the company's profit and loss for the first half of 2025, reducing the total profit by the same amount [1] - For the first half of 2025, the revenue composition of Tangrenshen is as follows: feed industry accounts for 60.25%, pig breeding industry accounts for 34.1%, meat industry accounts for 5.58%, and animal health industry accounts for 0.06% [1] Industry Summary - The domestic A-class car exhibition is set to open in the second half of the year, featuring nearly 120 brands and 1,600 vehicles, indicating a competitive landscape in the southwest region [1] - The emergence of new energy vehicles is expected to reshape the automotive market dynamics [1]

Group 1 - The core viewpoint of the article is that Tangrenshen (002567.SZ) reported a revenue of 12.468 billion yuan for the first half of 2025, reflecting a year-on-year growth of 15.05% [2] - The net loss attributable to shareholders of the listed company was 59.9246 million yuan [2] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 58.9287 million yuan [2] - The basic loss per share was 0.042 yuan [2]

Core Viewpoint - Tangrenshen (002567.SZ) reported a revenue of 12.468 billion yuan for the first half of 2025, reflecting a year-on-year growth of 15.05% [1] Financial Performance - The net loss attributable to shareholders of the listed company was 59.9246 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 58.9287 million yuan [1] - The basic loss per share was 0.042 yuan [1]

Core Insights - Tangrenshen reported a revenue of 12.468 billion yuan for the first half of 2025, representing a year-on-year increase of 15.05% [1] - The company experienced a net profit attributable to shareholders of -599.246 million yuan, a significant decline of 1386.75% year-on-year [1] - The basic earnings per share stood at -0.04 yuan [1] Financial Performance - The gross profit margin for the first half of 2025 was 6.59%, down by 1.13 percentage points year-on-year [2] - The net profit margin was -0.50%, a decrease of 0.21 percentage points compared to the same period last year [2] - In Q2 2025, the gross profit margin was 7.57%, showing a year-on-year decline of 3.07 percentage points but a quarter-on-quarter increase of 2.04 percentage points [2] - The net profit margin for Q2 2025 was 0.28%, down 2.96 percentage points year-on-year but up 1.62 percentage points from the previous quarter [2] Cost Structure - Total operating expenses for the first half of 2025 were 798 million yuan, a decrease of 38.6788 million yuan year-on-year [2] - The expense ratio was 6.40%, down by 1.32 percentage points from the same period last year [2] - Sales expenses increased by 5.79% year-on-year, while management expenses decreased by 4.20%, R&D expenses decreased by 23.63%, and financial expenses decreased by 11.89% [2] Shareholder Information - As of the end of the first half of 2025, the total number of shareholders was 78,400, a decrease of 2,166 or 2.69% from the previous quarter [2] - The average market value of shares held per shareholder increased from 86,800 yuan at the end of the previous quarter to 87,000 yuan, a growth of 0.23% [2] Company Overview - Tangrenshen Group Co., Ltd. is located in the Li Yu Industrial Park of Zhuzhou City, Hunan Province, and was established on September 11, 1992 [3] - The company was listed on March 25, 2011, and its main business includes feed, breeding, and meat processing [3] - The revenue composition is as follows: feed 61.81%, pig and other livestock 31.47%, slaughtering and meat 6.66%, and animal health 0.06% [3] - Tangrenshen belongs to the agricultural, forestry, animal husbandry, and fishery industry, specifically in the feed and poultry feed sector [3]

Core Viewpoint - The company Tangrenshen reported a revenue of 12.468 billion yuan for the first half of the year, marking a year-on-year increase of 15.05%. However, it also recorded a net loss attributable to shareholders of 599.246 million yuan, compared to a net profit of 4.657 million yuan in the same period last year, resulting in a basic earnings per share of -0.042 yuan [1] Financial Performance - The company's revenue for the first half of the year reached 12.468 billion yuan, reflecting a growth of 15.05% year-on-year [1] - The net loss attributable to shareholders was 599.246 million yuan, a significant decline from the previous year's net profit of 4.657 million yuan [1] - The basic earnings per share stood at -0.042 yuan, indicating a negative performance compared to the prior year [1]

格隆汇8月29日丨唐人神(002567.SZ)公布2025年半年度报告，上半年公司实现营业收入1246.78万元，同 比增长15.05%；归属于上市公司股东的净利润-5992.46万元；归属于上市公司股东的扣除非经常性损益 的净利润-5892.87万元；基本每股收益-0.0420元。 ...

唐人神集团股份有限公司 2025 年半年度财务报告 唐人神集团股份有限公司 2025 年半年度财务报告 2025 年 08 月 30 日 1 唐人神集团股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：唐人神集团股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 2,486,498,939.69 | 2,304,501,756.88 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 3,054,877.95 | 16,817,462.12 | | 衍生金融资产 | | | | 应收票据 | 1,496,964.00 | 5,100,085.17 | | 应收账款 | 324,124,845.86 | 281,807,300.66 | | 应收款项融资 | | | | 预付款项 | 342,720,328.8 ...

证券代码：002567 证券简称：唐人神 公告编号：2025-078 唐人神集团股份有限公司 2025 年半年度募集资金 存放与使用情况的专项报告 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。 根据中国证监会《上市公司监管指引第 2 号—上市公司募集资金管理和使用的 监管要求（2022 年修订）》、深圳证券交易所颁布的《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（2025 年修订）》及相关公告格式 规定，将本公司 2025 年半年度募集资金存放与使用情况报告如下： 一、募集资金基本情况 （一）2020 年非公开发行股票募集资金的金额、资金到账时间 1.实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于非公开发行股票获得中国证监会核准的批复》 （证监许可[2020]3376 号）核准，公司非公开发行不超过 250,971,239 股新股。本 次发行股票数量 226,939,960 股，发行股票价格 6.83 元/股，募集资金总额为人民币 1,549,999,926.80 元，扣除相关发行费用 36,029,998.39 元 ...