Core Viewpoint - The report highlights the sales performance of Kemin Foods' subsidiary, Xingjiang Moge, in September 2025, showing a mixed trend with a decrease in monthly sales but significant year-on-year growth [1] Sales Performance Summary - In September 2025, Xingjiang Moge 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 was 33.43 million yuan, reflecting a month-on-month increase of 0.71% and a year-on-year increase of 107.57% [1] Cumulative Sales Data - From January to September 2025, Xingjiang Moge 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 reached 431 million yuan, marking a 25.56% increase year-on-year [1]

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]