Sales Performance - In October 2025, the company sold 619,200 pigs, a 24.49% increase year-on-year and a 50.69% increase month-on-month [2] - The total sales revenue for October 2025 was 828.03 million yuan, a decrease of 17.91% year-on-year but an increase of 29.49% month-on-month [2] - Cumulative sales from January to October 2025 reached 4.3814 million pigs, a 33.22% increase compared to the same period in 2024, with total sales revenue of 7.22338 billion yuan, up 21.99% year-on-year [2] Reasons for Growth - The primary reason for the increase in pig sales in October 2025 is attributed to the "company + farmer" breeding model, which has led to higher output [3] Guarantee and Financing - The company has approved a total guarantee amount of up to 8.65 billion yuan for 2025, which can be used for various financing needs, including bank loans and leasing [8] - As of October 31, 2025, the total guarantee amount provided to consolidated entities was 4.19154 billion yuan, accounting for 71.19% of the company's audited net assets as of the end of 2024 [10] - The company also provided guarantees totaling 982.79 million yuan to non-consolidated entities, representing 16.69% of the company's audited net assets [10]
唐人神集团股份有限公司2025年10月生猪销售简报