圣农发展：12月营收18.61亿元，同比增长11.03%

Core Viewpoint - The company reported a sales revenue of 1.861 billion yuan for December 2025, marking an 11.03% year-on-year increase and a 2.84% quarter-on-quarter increase [1] Group 1: Poultry Farming and Processing Segment - The sales revenue from the poultry farming and processing segment reached 1.385 billion yuan, reflecting a year-on-year growth of 5.18% and a quarter-on-quarter growth of 9.14% [1] - The sales volume in this segment was 147,600 tons, which represents a year-on-year increase of 14.28% and a quarter-on-quarter increase of 7.54% [1] Group 2: Processed Meat Products Segment - The sales revenue from the processed meat products segment was 948 million yuan, showing a significant year-on-year increase of 50.87% but a quarter-on-quarter decrease of 2.97% [1] - The sales volume in this segment was 49,200 tons, with a year-on-year increase of 51.01% and a quarter-on-quarter decrease of 6.01% [1] Group 3: Cost Efficiency - The overall cost of meat production for the year 2025 decreased by over 5% compared to the previous year [1]