牧原股份：2025年10月份销售简报

Core Insights - In October 2025, the company sold 7.076 million live pigs, representing a year-on-year increase of 13.17% [1] - The average selling price of live pigs was 11.55 yuan per kilogram, showing a year-on-year decrease of 32.73% [1] - The total sales revenue from live pigs amounted to 10.331 billion yuan, reflecting a year-on-year decline of 22.28% [1] Sales Performance - The company sold 2.999 million live pigs to its wholly-owned subsidiary, Muyuan Meat Products Co., Ltd., and its subsidiaries [1] - The overall sales volume increased compared to the previous year, indicating a positive trend in sales volume despite price declines [1] Financial Impact - The significant drop in average selling price and total sales revenue suggests challenges in the market, potentially affecting profitability [1] - The decline in revenue by 22.28% indicates a need for the company to address pricing strategies and market conditions [1]