TRS(SZ:002567) Cai Jing Wang·2025-10-10 09:20Core Viewpoint - The company announced significant growth in pig sales for 2025 compared to 2024, despite a decline in sales revenue, indicating a shift in production strategy and market dynamics [1] Sales Performance - For September 2025, the company expects to sell 410,900 pigs, which includes 398,200 commercial pigs and 12,700 piglets, representing a year-on-year increase of 28.33% and a quarter-on-quarter increase of 1.18% [1] - Cumulative pig sales from January to September 2025 reached 3,762,200 pigs, with 3,593,100 being commercial pigs and 169,100 piglets, marking a year-on-year increase of 34.78% [1] - The total sales revenue for the first nine months of 2025 is projected at 6.395 billion yuan, a year-on-year decrease of 4.17% [1] Revenue Analysis - The sales revenue for September 2025 is expected to be 639 million yuan, reflecting a quarter-on-quarter decline of 6.28% [1] - In contrast, the cumulative sales revenue for January to September 2025 is 6.395 billion yuan, which shows a year-on-year increase of 30.18% compared to the same period in 2024 [1] Production Strategy - The increase in pig sales for September 2025 is attributed to the "company + farmer" breeding model, which has led to higher output [1]