TRS(SZ:002567) Ge Long Hui A P P·2026-01-30 10:20Core Viewpoint - The company, Tangrenshen (002567.SZ), is expected to report a loss of 950 million to 1.15 billion yuan in 2025, a significant decline from a profit of 355.416 million yuan in the previous year [1] Group 1: Financial Performance - The company anticipates a non-recurring loss of 920 million to 1.09 billion yuan for 2025 [1] - The average selling price of commercial pigs is projected to be approximately 13.36 yuan per kilogram, reflecting a year-on-year decrease of about 18.61% [1] - Due to the decline in pig prices, the company has made provisions for inventory impairment on consumable biological assets in accordance with accounting standards and prudence principles [1] Group 2: Operational Strategy - The company will continue to focus on the full industry chain operation of live pigs and strengthen its feed business, with an expected feed sales volume of around 6.5 million tons in 2025 [1] - The company aims to enhance the production management of pig breeding, with the capacity utilization rate of breeding sows expected to reach full capacity by the end of 2025 [1] - The company has faced challenges in achieving expected cost reductions in breeding due to the purchase of high-priced piglets for fattening, leading to lower-than-expected utilization rates of its own fattening pig farms [1]