证券日报网讯2月3日，光明肉业（600073）在互动平台回答投资者提问时表示，2025年度，受国内市场 猪价低迷等因素影响，公司生猪养殖板块出现大额亏损。2025年度公司推进生猪养殖降本增效工作，养 殖成本同比下降，但由于生猪销售价格同比出现较大幅度下降造成生猪养殖板块出现大额亏损。公司 2026年将通过关停低效牧场、提升标准化养殖、持续推进精益养殖等方式继续进行成本管控工作，以此 改善养殖板块表现。肉类业务是公司的核心主业，公司2026年将持续聚焦肉类主业，紧密围绕"肉业一 体化"战略部署做好经营工作，以经营管理和提升效益为核心来创造企业内在价值，不断提升公司业务 核心竞争力。在此基础上，公司会进一步做好定期报告及ESG报告优化等信息披露工作，积极召开业绩 说明会增加与投资者沟通频率、加强与资本市场交流等方式方法，提升与投资者的沟通效率，增强市场 对公司的信心和价值认同。 ...

Core Viewpoint - The company is facing higher pig farming costs due to factors such as biosecurity, regional environmental investments, and smaller farming scale, leading to losses in the first half of the year [1] Cost Management - The company aims to reduce costs and improve efficiency in its pig farming operations through various measures, including optimizing asset allocation and shutting down inefficient farms [1] - The company plans to implement a categorized management strategy for farms, which includes cleaning up redundant personnel and low-efficiency positions [1] - The company is focusing on lean farming practices and enhancing pig farming technology [1] Business Focus - The meat business, including pork and beef, is the core operation of the company, which will further concentrate on its meat business [1] - The company is committed to a "meat industry integration" strategy, enhancing operational efforts around resource control, processing collaboration, and market expansion [1] - The company aims to strengthen the entire meat industry chain, including feed production, pig farming, slaughtering, and fresh meat processing and sales [1]

Core Viewpoint - The company is facing challenges with its stock price performance, which has been influenced by macroeconomic conditions and market dynamics, but management remains confident in its future development and core competitiveness [1]. Group 1: Company Performance and Stock Price - The company held an earnings briefing where multiple investors expressed concerns about the prolonged low stock price, with one investor noting a decade of investment without seeing value realization [1]. - The company's stock price has fluctuated significantly, with a peak market capitalization of over 173 billion yuan in June 2015, but failing to reach 100 billion yuan since February 2021, and dropping below 50 billion yuan in July of the previous year [2]. Group 2: Management's Response and Strategy - The chairman emphasized that stock price fluctuations are affected by various factors, but the management team is committed to enhancing the company's integrated meat industry development and core competitiveness to drive high-quality growth [1]. - The vice president and board secretary stated that the company will continue to improve operational management to create intrinsic value, maintain confidence in future development, and enhance communication with the capital market to build investor trust and recognition of value [1].