天邦食品发布2025年业绩预告，预计亏损超11亿

Core Viewpoint - Tianbang Food (002124) expects a net profit loss of 1.11 billion to 1.31 billion yuan for the year 2025, primarily due to a decline in the average selling price of commodity pigs, high interest and vacancy costs, and significant asset impairment provisions [1][2] Group 1: Financial Performance - The average selling price of commodity pigs is expected to decline by 17.85% to 14.65 yuan/kg [2] - Interest and vacancy costs are estimated to total approximately 675 million yuan [2] - Asset impairment provisions are projected to be between 761 million and 938 million yuan [2] - The company's operating cash flow is anticipated to be between 850 million and 950 million yuan [2] Group 2: Recent Events - On February 6, 2026, Tianbang Food reported sales data for January 2026, with 682,000 commodity pigs sold and sales revenue of 674 million yuan, reflecting a month-on-month increase of 10.01% and a year-on-year increase of 9.93% [3] - The average selling price for January was 13.60 yuan/kg, showing a month-on-month increase of 14.54% but a year-on-year decrease of 17.83% [3] - The stock price of Tianbang Food experienced slight fluctuations, with a closing price of 2.50 yuan and a cumulative decline of 0.40% over the past seven trading days [3] Group 3: Institutional Insights - During a recent investor meeting, institutional investors discussed industry cycle strategies, cost optimization, and full industry chain collaboration with Tianbang Food's management [4] - The company emphasized its focus on intelligent farming and the prepared food business to address challenges, although specific financial targets were not disclosed [4]