NEW HOPE(SZ:000876) Xin Hua Cai Jing·2025-07-15 08:58Core Viewpoint - New Hope is expected to report a net profit of 680 million to 780 million yuan for the first half of 2025, a significant recovery from a loss of 1.217 billion yuan in the same period last year [1][2]. Group 1: Financial Performance - The company has improved its production management and epidemic prevention measures in pig farming, leading to a turnaround in profitability despite a year-on-year decline in average pig prices [1]. - The feed business has also shown continuous optimization, achieving both volume and profit growth in the first half of the year [1]. Group 2: Strategic Focus - The chairman of New Hope emphasized a focus on quality and efficiency rather than blind capacity expansion in the pig industry, aligning with national policies to stabilize pig production capacity [1]. - The company aims to enhance its overseas business as a new growth driver, targeting an additional 3 to 4 million tons of overseas feed production capacity over the next 3 to 5 years [1]. Group 3: Industry Context - Since 2021, the pig farming industry has faced challenges such as African swine fever and cyclical fluctuations, leading to New Hope's first loss [2]. - With the stabilization of pig prices last year, New Hope has returned to profitability and plans to focus on breeding and digitalization to continue reducing costs and increasing efficiency [2].