新希望去年预计净亏15亿元-18亿元，同比由盈转亏

Core Viewpoint - New Hope Liuhe Co., Ltd. (New Hope) forecasts a significant loss for the fiscal year 2025, with expected net profit attributable to shareholders ranging from a loss of 1.8 billion to 1.5 billion yuan, compared to a profit of 474 million yuan in the previous year [2] Group 1: Financial Performance - The company anticipates a non-recurring net profit loss between 1.48 billion and 1.18 billion yuan, down from a profit of 614 million yuan in the same period last year [2] - New Hope's sales of live pigs are projected to reach 17.5454 million heads in 2025, representing a year-on-year increase of 6.2%, while revenue from live pig sales is expected to be 23.205 billion yuan, a decrease of 13.3% year-on-year [2] Group 2: Operational Insights - The company is focusing on steady development and enhancement of its pig farming business, improving epidemic prevention and production management, and achieving a stable increase in the number of pigs sold [2] - Despite a reduction in breeding costs and improvements in technical indicators, the decline in pig prices has outpaced the decrease in costs, leading to a reduction in farming profits [2] - New Hope is systematically eliminating low-efficiency breeding pigs and assets, which has also contributed to the decline in profits [2] Group 3: Feed Business Development - The company is expanding its feed business by increasing scale, improving efficiency, and reducing costs to meet changing market demands for products, costs, and services [2] - New Hope is intensifying its investment and development efforts in overseas markets, driving the feed business into a new growth channel, with profits from the feed business showing both volume and profit growth during the reporting period [2]