Sales Performance - In May 2025, the company sold 482,800 pigs, a 47.69% increase year-on-year and a 10.94% increase month-on-month [2] - The total sales revenue for May 2025 was 841.47 million yuan, reflecting a year-on-year increase of 44.97% and a month-on-month increase of 10.40% [2] - Cumulative sales from January to May 2025 reached 2,180,400 pigs, a 37.19% increase compared to the same period in 2024 [2] Revenue Growth - The cumulative sales revenue from January to May 2025 was 3,786.26 million yuan, representing a year-on-year increase of 57.99% [2] - The sales of commercial pigs accounted for 2,064,500 pigs in the cumulative total, while piglets accounted for 115,900 pigs [2] Operational Strategy - The primary reason for the increase in sales volume in May 2025 is attributed to the "company + farmer" breeding model, which has led to higher output [3]

Group 1 - The core viewpoint of the announcement is the significant increase in pig sales and revenue for Tangrenshen Group in April 2025 compared to the same period in 2024, attributed to the "company + farmer" breeding model [2][3] - In April 2025, the company sold 435,200 pigs, a 37.98% increase year-on-year and a 7.48% increase month-on-month, with total sales revenue reaching 762.19 million yuan, up 57.77% year-on-year and 10.98% month-on-month [2] - Cumulatively, from January to April 2025, the company sold 1,697,600 pigs, a 34.47% increase year-on-year, with total sales revenue of 2,944.79 million yuan, reflecting a 62.15% year-on-year increase [2] Group 2 - The primary reason for the growth in pig sales is the increased output from the "company + farmer" breeding model [3] - The announcement specifies that the disclosed data only pertains to the company's pig farming business and does not include information on feed and meat products [4] - The company emphasizes that fluctuations in pig market prices represent a systemic risk that could significantly impact operational performance [4]