NWF(SH:600975) Mei Ri Jing Ji Xin Wen·2026-01-19 15:53Core Viewpoint - New Five Feng (SH600975) is expected to report a significant loss for the fiscal year 2025, with projected net profit ranging from -7 billion to -9.6 billion yuan, marking a shift from profit in 2024 to loss in 2025 due to declining pig prices and increased inventory write-downs [1][3]. Financial Performance - The company reported a net profit of approximately 393.2 million yuan for 2024, with total profit around 501.87 million yuan, indicating a substantial decline in performance for 2025 [3]. - The projected net loss for 2025, excluding non-recurring items, is expected to widen to between -7.2 billion and -9.8 billion yuan [3]. Sales and Production Data - New Five Feng anticipates selling approximately 5.4224 million pigs in 2025, a year-on-year increase of over 25% compared to 4.1663 million pigs sold in 2024 [1][4]. - The company has seen significant growth in pig production capacity, with slaughter volumes increasing from 183,000 in 2022 to 424,870 in 2024, reflecting growth rates of 122.32%, 75%, and 32.74% respectively [4]. Cost Control Measures - The company is focusing on cost control as a critical internal strategy, with initiatives aimed at involving all departments in cost reduction efforts [6][7]. - New Five Feng is restructuring its management to a flatter organization to enhance efficiency, moving from a four-tier to a three-tier management structure [7]. Market Outlook - The pig farming industry is expected to face challenges related to raw material costs, animal diseases, and environmental regulations, which will impact long-term profitability [6].