“千亿养殖龙头”温氏股份的上半年：收入近500亿元，猪鸡销量双增，养猪赚钱但养鸡亏损

Core Viewpoint - The company reported a significant increase in revenue and net profit for the first half of the year, driven by growth in pig and chicken sales, despite challenges in the chicken market [1][2]. Financial Performance - Total revenue for the first half of the year reached 49.875 billion yuan, a year-on-year increase of 5.92% - Net profit was 3.531 billion yuan, reflecting a substantial year-on-year growth of 143.71% [1][2]. Business Segments - Pig Farming: - Sales of live pigs reached 16.6166 million heads, up 15.6% year-on-year - Revenue from pig sales was 32.735 billion yuan, an increase of 16.26% year-on-year - The average selling price of live pigs was 14.93 yuan/kg, down 2.56% year-on-year, but lower costs led to increased profitability [2][3]. - Chicken Farming: - Sales of meat chickens totaled 598 million heads, a 9.16% increase year-on-year - However, the average selling price dropped by 18.43% to 10.84 yuan/kg, resulting in a revenue decline of 9.29% to 15.127 billion yuan - The chicken segment faced losses due to prices falling below production costs [4][5]. Cost Management - The company has successfully reduced pig farming costs, with average costs reported between 12 yuan/kg and 13 yuan/kg, down from 12.8 yuan/kg earlier in the year [2][3]. - Chicken farming costs were reported at around 11 yuan/kg, indicating competitive positioning within the industry [5][6]. Debt Management - The company's debt-to-asset ratio improved to 50.57% as of June 30, down from nearly 59% a year earlier - The company aims to reduce this ratio to approximately 45% by the end of 2025 to enhance financial stability [1][7].