ZHENGBANG TECHNOLOGY(SZ:002157) Zheng Quan Ri Bao·2025-12-09 23:02Group 1 - The company reported a total of 868,300 pigs sold in November 2025, with a month-on-month decrease of 4.35% but a year-on-year increase of 63.04% [1][2] - The sales revenue for November 2025 was 741 million yuan, reflecting a month-on-month increase of 8.55% but a year-on-year decrease of 2.85% [1][2] - The average selling price of commercial pigs (excluding piglets) was 11.56 yuan per kilogram, up 2.52% from the previous month [2] Group 2 - Cumulatively, from January to November 2025, the company sold 7,508,300 pigs, representing a year-on-year increase of 111.32% [2][5] - The cumulative sales revenue for the same period reached 7.565 billion yuan, which is a year-on-year increase of 64.64% [2][5] - The significant year-on-year growth in sales volume is attributed to the gradual recovery of the company's business operations [4][5] Group 3 - The company plans to borrow up to 1.5 billion yuan from its controlling shareholder's related party, with a borrowing interest rate not exceeding the market loan rate, to meet short-term liquidity needs [9][10] - The borrowing agreement is valid from January 1, 2026, to December 31, 2026, and the company will gradually draw funds based on its operational needs [16][17] - The company will also facilitate loans for its feed distributors through a related party, with a maximum amount of 1 billion yuan, also valid for the same period [9][10] Group 4 - The company has proposed a guarantee limit of up to 3 billion yuan for its subsidiaries, with specific limits based on their debt-to-asset ratios [24][25] - The guarantee is intended to support the daily operations of its subsidiaries and is expected to be effective from January 1, 2026, to December 31, 2026 [24][25] - The board of directors believes that these guarantees will not harm the interests of the company or its shareholders and will help ensure the stable development of its subsidiaries [29][45]