Sales Performance Summary - In July 2025, the company sold 56.96 million white feather broiler chicks, generating sales revenue of 100.56 million yuan, representing a year-on-year change of -46.39% in revenue and a decrease of 6.18% in sales volume [2] - The sales of the company's 909 small white feather broiler chicks amounted to 5.12 million, with sales revenue of 5.06 million yuan, showing a year-on-year decline of 34.02% in revenue and a decrease of 26.69% in sales volume [2] - The company sold 8,171 breeding pigs in July 2025, with sales revenue of 19.48 million yuan, reflecting a significant year-on-year increase of 1,680.16% in revenue [2] Reasons for Sales Changes - The decrease in sales revenue for white feather broiler chicks in July 2025 is attributed to a lower selling price compared to the previous year [2] - The industry has seen early culling of parent stock due to low prices for white feather broiler chicks, but there has been a recent increase in the price of live chickens since late July 2025 [3] - Following the end of high-temperature weather, there has been an increase in the enthusiasm for restocking among farms, leading to a surge in demand for chick sales, which has resulted in a rapid increase in the selling price of white feather broiler chicks [3]

Group 1 - The company Minghe Co., Ltd. (002234) reported the sale of 26.1377 million chicks in March 2025, representing a year-on-year increase of 7.07% and a month-on-month increase of 2.85% [1] - The sales revenue for the same period was 73.7427 million yuan, showing a year-on-year decrease of 13.61% but a month-on-month increase of 34.85% [1] - The month-on-month increase in sales revenue is attributed to the stabilization of the white feather broiler market and the gradual increase in chick prices [1]