SMAC(SH:600073) Zhi Tong Cai Jing·2026-01-20 09:01Core Viewpoint - The company, Guangming Meat Industry, is expected to report a significant net loss for the fiscal year 2025, with projected losses ranging from 116 million to 171 million yuan, indicating a downturn compared to the previous year [1] Financial Performance - The anticipated net profit for 2025 is estimated to be between -116 million yuan and -171 million yuan, marking a shift to losses compared to the same period last year [1] - The company's pig farming segment is expected to incur substantial losses due to a decline in domestic pork prices [1] Operational Insights - In 2025, the company is focusing on cost reduction and efficiency improvement in pig farming operations, with core breeding indicators being optimized [1] - Despite the optimization efforts leading to a decrease in breeding costs year-on-year, the significant drop in pig sales prices has resulted in considerable losses in the pig farming segment [1]