温氏股份：2025年净利52.35亿元，同比下降43.59%

Core Viewpoint - The company reported a significant decline in net profit for 2025, indicating challenges in the pig farming sector due to falling sales prices and market conditions [1] Financial Performance - The net profit for 2025 was 5.235 billion yuan, representing a year-on-year decrease of 43.59% [1] - The company sold 40.4769 million pigs during the reporting period, which included 35.4467 million market pigs and 5.0302 million piglets [1] - The average selling price of market pigs was 13.71 yuan per kilogram, down 17.95% year-on-year [1] Operational Insights - The company focused on enhancing basic production management and major disease prevention efforts, which helped maintain stable large-scale production [1] - Core production indicators continued to improve, despite the challenges faced in the market [1] - The company's breeding costs decreased year-on-year, but the significant drop in pig sales prices led to a decline in profitability for the pig farming business [1]