Group 1 - The latest stock price of Huatong Co., Ltd. is 10.73 yuan, an increase of 1.04% compared to the previous trading day [1] - The stock reached a maximum of 10.74 yuan and a minimum of 10.56 yuan during the trading session, with a transaction amount of 1.07 billion yuan [1] - Huatong Co., Ltd. is primarily engaged in livestock slaughtering and meat processing, with main products including fresh pork and frozen pork [1] Group 2 - The company operates in the food manufacturing industry, covering the entire industry chain from pig farming to slaughtering and deep processing of meat products [1] - The current capacity utilization rate of the slaughtering business is maintained at 30%-40%, with stable profitability in this segment [1] - The company's asset-liability ratio has significantly decreased within the year, with specific operational data to be disclosed in future announcements [1]

Core Viewpoint - The company, Juxing Agriculture and Animal Husbandry, is focused on improving efficiency and reducing costs in pig farming through a combination of technology and management strategies, while maintaining a strong commitment to the pig breeding industry and exploring opportunities in the food processing sector. Group 1: Company Performance and Market Position - As of July 25, 2025, Juxing Agriculture and Animal Husbandry's stock closed at 21.69 yuan, up 6.79% from the previous week, with a total market capitalization of 11.063 billion yuan, ranking 8th in the livestock sector and 1580th in the A-share market [1] - The company aims to provide high-quality pork products with extreme efficiency, positioning itself as a competitive player in the pig farming industry and aspiring to become a world-class agricultural and animal husbandry food enterprise [2] Group 2: Operational Strategies - The company has established a "five-star breeding system" that integrates genetics, feed, management, biosecurity, and environmental systems to enhance production efficiency and ensure high-quality pork supply [3] - Continuous improvement in production management and cost reduction is driven by a dual approach of technology and management, focusing on biosecurity, genetic management, and optimized breeding processes [5] Group 3: Technological Advancements - The company is advancing towards a technology-intensive and knowledge-intensive modern farming model, implementing smart farming equipment and big data analytics to enhance decision-making in pig farming [4] - Ongoing digital and intelligent construction projects aim to cover all business segments, enhancing operational efficiency and reducing labor costs through technology [4] Group 4: Shareholder Returns - The company has a long-term dividend plan for 2024-2026, aiming to improve the stability, planning, and predictability of shareholder returns, with a recent cash dividend distribution of 0.1737 yuan per share totaling approximately 85.55 million yuan [6]

不过，进入2025年以来，猪价再次持续低位运行，或给产业链公司经营和业绩带来新的影响。 多家生猪产业链公司年报出炉 业绩有所分化 总体上看，生猪产业链公司业绩有所分化。受益于去年猪价均价同比上涨及位于成本线之上，生猪养殖 公司2024年业绩普遍增长。相较之下，一些主营业务为生猪屠宰业和肉制品加工业的公司2024年业绩则 出现不同程度下滑。 多家生猪产业链公司日前披露了2024年年报。 养猪企业2024年业绩上升的背景是，2024年猪价均价同比上升，且处于行业成本线以上。牧原股份就在 2024年年报中提及，2024年生猪供应量同比下降，生猪价格呈现先涨后跌形态。2024年一季度，国内生 猪价格处于低位运行，行业仍处于亏损状态，二季度以来，行业产能去化带来供需关系改善，生猪价格 持续上涨，8月达到年内高点，随后生猪价格震荡下行。全年来看，2024年生猪均价同比上升，且处于 行业成本线以上，生猪养殖行业扭亏为盈。农业农村部数据显示，2024年出栏生猪头均盈利214元，比 2023年提高了290元。 不过，一些主营业务为生猪屠宰业和肉制品加工业的上市公司2024年业绩则不同程度下滑。 比如双汇发展（000895）的2 ...