Core Viewpoint - Dekang Agriculture (02419) reported a significant increase in revenue and profit for the first half of 2025, indicating strong performance in the pig farming sector [1] Financial Performance - The company achieved a revenue of 11.695 billion yuan, representing a year-on-year growth of 24.3% [1] - The fair value adjustment profit before biological assets was 1.273 billion yuan, showing a remarkable increase of 250.6% year-on-year [1] - Revenue from the pig farming segment reached 9.879 billion yuan, with a year-on-year growth of 32.6% [1] - The total pig sales amounted to 5.1174 million heads, reflecting a year-on-year increase of 27.1% [1] Cost Management - According to Guoxin Securities, the company has demonstrated excellent management in the pig farming sector, with sustained verification of excess profitability [1] - The biological asset fair value adjustment net profit showed significant growth in the first half of the year, while pig farming costs have steadily improved [1] - The estimated complete cost of pig farming for the first half of the year was approximately 12.4 yuan/kg, maintaining a position in the industry's top tier for overall costs [1]
德康农牧涨超8% 上半年调整前净利润明显增长 生猪成本保持领先