ZHENGBANG TECHNOLOGY(SZ:002157) Chang Jiang Shang Bao·2025-07-13 23:18Core Viewpoint - Zhengbang Technology is expected to turn a profit in the first half of 2025, with a projected net profit of 190 million to 210 million yuan, compared to a net loss of 127 million yuan in the same period last year, primarily driven by significant growth in its pig farming business [1][2]. Group 1: Financial Performance - The company anticipates a net profit attributable to shareholders of 190 million to 210 million yuan for the first half of 2025, marking a turnaround from a net loss of 127 million yuan in the previous year [1]. - The pig farming segment achieved revenue of 4.077 billion yuan, a year-on-year increase of 134.59%, with pig sales volume reaching 3.5766 million heads, up 125.05% [2]. - The average selling price of pigs increased by approximately 46 yuan per head compared to the previous year, contributing to the "volume and price increase" trend that significantly boosted profits [2]. Group 2: Operational Improvements - The company has implemented cost control measures, resulting in a decrease in production costs from 15 yuan per kilogram in September 2024 to 13.3 yuan per kilogram by March 2025, a reduction of 1.7 yuan per kilogram [2]. - Zhengbang Technology has restructured its operations post-bankruptcy, reviving 59 pig farm projects and 16 feed mills, with feed sales increasing by 94% year-on-year to 1.24 million tons [4]. Group 3: Future Growth and Capacity Expansion - The company plans to exceed 7 million heads in overall pig output in 2025, with a target of reaching 12 million heads by 2026 [4]. - Zhengbang Technology is enhancing its breeding capabilities through partnerships with agricultural universities, establishing a complete breeding chain to support future production [4]. - The company is also focusing on activating idle assets, with plans to lease some of its facilities to related parties, expecting rental income of up to 220 million yuan in 2025 [5]. Group 4: Technological Advancements - The company has integrated 104,000 sets of intelligent equipment, achieving a 77% coverage rate of the Internet of Things (IoT), which has revolutionized traditional farming practices [3].