Core Viewpoint - The announcement from Kemin Foods highlights significant growth in pig sales and revenue for its subsidiary, Aksu Xingjiang Muge Food Co., Ltd., despite a slight month-on-month decline in sales volume for September 2025 [1] Group 1: Sales Performance - In September 2025, the company sold 37,800 pigs, representing a month-on-month decrease of 4.45% but a year-on-year increase of 173.77% [1] - The sales revenue for September 2025 reached 33.4268 million yuan, showing a month-on-month increase of 0.71% and a year-on-year increase of 107.57% [1] Group 2: Cumulative Sales Data - From January to September 2025, the cumulative sales of pigs amounted to 416,600, reflecting a year-on-year growth of 46.29% [1] - The cumulative sales revenue during the same period was 431 million yuan, which is a year-on-year increase of 25.56% [1] Group 3: Factors Influencing Sales - The year-on-year growth in both sales volume and revenue is attributed to the release of production capacity [1] - The month-on-month changes are primarily due to adjustments in the sales structure [1]

Core Insights - The company Kemin Foods (002661.SZ) reported a decrease in sales volume of live pigs in September 2025, with a total of 37,800 pigs sold, representing a month-on-month decline of 4.45% but a year-on-year increase of 173.77% [1] - The sales revenue for September 2025 reached 33.4268 million yuan, showing a month-on-month growth of 0.71% and a year-on-year increase of 107.57% [1] - For the period from January to September 2025, the cumulative sales volume of live pigs was 416,600, which is a 46.29% increase compared to the same period last year [1] - The cumulative sales revenue for the same period amounted to 431.348 million yuan, reflecting a year-on-year growth of 25.56% [1]

Core Insights - The company reported a decrease in sales volume of live pigs in September 2025 compared to the previous month, but a significant year-on-year increase [1] - The sales revenue for September 2025 showed a slight increase from the previous month and a substantial year-on-year growth [1] - Cumulative sales volume and revenue for the first nine months of 2025 indicate strong growth compared to the same period last year [1] Sales Performance - In September 2025, the company sold 37,800 live pigs, representing a month-on-month decrease of 4.45% but a year-on-year increase of 173.77% [1] - The sales revenue for September 2025 reached 33.43 million yuan, reflecting a month-on-month increase of 0.71% and a year-on-year increase of 107.57% [1] Year-to-Date Results - From January to September 2025, the cumulative sales volume was 416,600 live pigs, which is a 46.29% increase compared to the same period last year [1] - The cumulative sales revenue for the first nine months of 2025 amounted to 431 million yuan, marking a 25.56% increase year-on-year [1] Factors Influencing Performance - The year-on-year growth in sales volume and revenue for September 2025 is attributed to the release of production capacity [1] - The month-on-month changes in sales figures are primarily due to adjustments in the sales structure [1]

Core Insights - The company announced that its subsidiary, Aksu Xingjiang Muge Food Co., Ltd., sold 37,800 pigs in September 2025, representing a month-on-month decrease of 4.45% but a year-on-year increase of 173.77% [1] - The sales revenue for September reached 33.4268 million yuan, showing a month-on-month increase of 0.71% and a year-on-year increase of 107.57% [1] - From January to September, the subsidiary sold a total of 416,600 pigs, which is a 46.29% increase compared to the same period last year [1] - Cumulative sales revenue for the first nine months amounted to 431.348 million yuan, reflecting a year-on-year growth of 25.56% [1]

Core Viewpoint - The announcement from Kming Food indicates a significant increase in pig sales year-on-year, despite a slight decline in sales volume on a month-to-month basis [1] Sales Performance - In September 2025, Xingjiang Muge sold 37,800 pigs, representing a month-on-month decrease of 4.45% but a year-on-year increase of 173.77% [1] - The sales revenue for September 2025 reached 33.4268 million yuan, showing a month-on-month growth of 0.71% and a year-on-year increase of 107.57% [1] Cumulative Sales Data - From January to September 2025, Xingjiang Muge sold a total of 416,600 pigs, which is a 46.29% increase compared to the same period last year [1] - The cumulative sales revenue for the first nine months of 2025 amounted to 431 million yuan, reflecting a year-on-year growth of 25.56% [1]

证券代码：002661 证券简称：克明食品 公告编号：2025-085 陈克明食品股份有限公司 2025年9月生猪销售简报 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、误导性陈述或重大遗漏。 陈克明食品股份有限公司（以下简称"公司"）控股子公司阿克苏兴疆牧歌 食品股份有限公司（以下简称"兴疆牧歌"）经营范围包括畜禽养殖业务，现公 司就每月畜禽销售情况进行披露，具体内容如下： 一、2025 年 9 月生猪销售情况 | 2025 | 年 | 6 | 月 | 5.88 | 29.73 | 5,826.16 | 32,914.54 | 13.55 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025 | 年 | 7 | 月 | 4.19 | 33.92 | 3,558.39 | 36,472.93 | 13.78 | | 2025 | 年 | 8 | 月 | 3.96 | 37.88 | 3,319.18 | 39,792.12 | 12.73 | | 2025 | 年 | 9 | 月 | 3.78 | 41.6 ...

关于公司及子公司之间互相提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 证券代码：002661 证券简称：克明食品 公告编号：2025-086 陈克明食品股份有限公司 2、公司及子公司未对合并报表范围外主体提供担保。 3、公司及子公司未发生逾期担保。 一、担保情况概述 （一）担保事项内部决策程序履行情况 公司于 2025 年 1 月 2 日召开第六届董事会第二十六次会议和第六届监事会第 二十三次会议，于 2025 年 1 月 20 日召开 2025 年第一次临时股东会审议通过了《关 于 2025 年度公司及子公司担保额度预计的议案》。同意公司 2025 年度为合并报 表范围内子公司提供担保、子公司为母公司担保、子公司之间互相提供担保的总 额度不超过 32.00 亿元，其中公司为资产负债率 70%以上的子公司担保的额度为 4.80 亿元，为资产负债率 70%以下的子公司担保的额度为 27.20 亿元。申请 2025 年度为合并报表范围内子公司提供担保，子公司为母公司担保，在预计担保额度 范围内，同类担保对象间的担保额度可调剂使 ...

Market Overview - On September 26, the food processing sector experienced a slight decline of 0.04% compared to the previous trading day, with Wei Zhi Xiang leading the drop [1] - The Shanghai Composite Index closed at 3828.11, down 0.65%, while the Shenzhen Component Index closed at 13209.0, down 1.76% [1] Stock Performance - Jinzi Ham (002515) saw a significant increase of 6.61%, closing at 8.07 with a trading volume of 2.4855 million shares and a transaction value of 2.004 billion [1] - Wei Zhi Xiang (605089) led the declines with a drop of 4.53%, closing at 27.61 with a trading volume of 41,000 shares and a transaction value of 115 million [2] - Other notable performers included Gai Shi Food (836826) with a 2.53% increase and Longda Meishi (002726) with a 2.42% decrease [2] Capital Flow Analysis - The food processing sector experienced a net outflow of 18.3541 million from institutional investors, while retail investors saw a net inflow of 65.5132 million [2] - The capital flow data indicates that Jinzi Ham had a net inflow of 94.3197 million from institutional investors, while it faced a net outflow of 56.9452 million from speculative funds [3] - The overall trend shows that while institutional and speculative funds are withdrawing, retail investors are actively buying into the sector [2][3]

Core Insights - The food processing sector experienced a slight decline of 0.16% on September 24, with Weizhi Xiang leading the drop [1][2] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Stock Performance - Notable gainers in the food processing sector included: - Baba Foods (605338) with a closing price of 23.57, up 4.90% [1] - Guangming Meat (600073) at 7.05, up 2.47% [1] - ST Chuntian (600381) at 5.19, up 2.37% [1] - Conversely, Weizhi Xiang (605089) closed at 28.11, down 1.54% [2] - The sector saw a total trading volume of 5.67 billion yuan in net outflow from major funds, while retail investors contributed a net inflow of 2.49 billion yuan [2][3] Fund Flow Analysis - Major funds showed a net outflow of 5.67 billion yuan, while speculative funds had a net inflow of 3.18 billion yuan [2] - Retail investors contributed a net inflow of 2.49 billion yuan [2] - Specific stock fund flows included: - Guangming Meat (600073) with a net inflow of 17.05 million yuan from major funds [3] - Jindawi (002626) with a net inflow of 11.20 million yuan from major funds [3] - Xianle Health (300791) had a net inflow of 2.03 million yuan from retail investors [3]

Group 1 - The core viewpoint of the news is that Chen Ke Ming Food held an online earnings briefing to address investor concerns regarding its pig farming business, financial status, and production capacity planning [1][2] - In the pig farming business, the company aims to improve profitability by enhancing health management, optimizing feed, and investing in breeding and disease prevention to lower costs [1][2] - The company plans to utilize its advantages in French pig breeds to strengthen biosecurity and disease control, aiming to increase the speed of pig slaughter and improve production efficiency, with a target production cost of 12.28 yuan per kilogram by August 2025 [1] Group 2 - Financially, the company is addressing high non-current liabilities by optimizing its debt structure, increasing turnover rates, controlling accounts receivable, and reducing capital expenditures [2] - The production capacity in the Jiaxing base will be gradually released based on market demand, focusing on high-end noodles and frozen convenience foods targeting young consumers and B-end restaurant clients [2] - The company is committed to enhancing operational management and achieving high-quality development, while also planning cash dividends, share buybacks, and improving investor relations to increase company value and return to investors [2]