NEW HOPE(SZ:000876) Zheng Quan Ri Bao Wang·2025-07-08 10:13Group 1 - New Hope Liuhe Co., Ltd. reported a decrease in pig sales in June 2025, with sales of 1.33 million pigs, a month-on-month decrease of 0.29% and a year-on-year increase of 3.38% [1] - The sales revenue for June was 1.871 billion yuan, reflecting a month-on-month decrease of 5.12% and a year-on-year decrease of 19.14% [1] - The average selling price of pigs in June dropped to 14.18 yuan/kg, down 2.81% month-on-month and 21.53% year-on-year, marking a new low for the past year [1] Group 2 - In the first quarter of 2025, New Hope achieved operating revenue of 24.417 billion yuan, a year-on-year increase of 2.13%, and a net profit of 445 million yuan, indicating a significant turnaround [2] - The company has successfully reduced breeding costs by 1.8 yuan/kg compared to the same period last year, contributing to improved profitability [2] - Future trends suggest that pig prices may exhibit volatility, with expectations of average monthly prices between 13.76 yuan/kg and 15.07 yuan/kg from July to December 2025 [2] Group 3 - The pig farming industry is experiencing increased concentration due to the expansion of leading enterprises and technological advancements, while weaker companies face significant challenges amid low prices and rising costs [3] - The overall profit margins in the industry are being compressed, with many companies selling pigs at prices below 15 yuan/kg, leading to a low-profit operating phase [3] - New Hope's recent operational costs for fattened pigs are approximately 13 yuan/kg, and the company is focusing on four key tasks to reduce costs: epidemic prevention, genetic improvement, flexible management, and enhancing profitability in the fresh food segment [3]