温氏股份：2025年全年净利润同比预减40.73%—46.12%

Core Viewpoint - The company, Wen's Foodstuffs Group, anticipates a significant decline in net profit for the year 2025, projecting a decrease of 40.73% to 46.12% compared to the previous year, primarily due to falling sales prices of pork and chicken [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is between 500 million to 550 million yuan, with a decrease of 40.73% to 46.12% year-on-year [1] - The projected net profit after deducting non-recurring gains and losses is estimated to be between 480 million to 530 million yuan, reflecting a year-on-year decline of 44.64% to 49.86% [1] Sales and Pricing - During the reporting period, the company sold 40.4769 million pigs, with an average selling price of 13.71 yuan per kilogram, which represents a year-on-year decrease of 17.95% [1] - The company sold 1.303 billion chickens, with an average selling price of 11.78 yuan per kilogram, showing a year-on-year decline of 9.80% [1] Operational Insights - The company has focused on improving basic production management and major epidemic prevention, maintaining stable large-scale production, and optimizing core production indicators [1] - Despite a decrease in sales prices, the company managed to reduce breeding costs year-on-year, although profits from pig farming have still declined due to lower sales prices [1] - The chicken farming business has maintained high levels of production stability, but profits have also decreased due to falling prices [1]