Core Viewpoint - Shennong Group (605296.SH) reported a decline in pig sales and prices in September 2025, indicating potential challenges in the market [1] Sales Performance - In September 2025, the company sold 229,000 pigs, including 213,800 commercial pigs and 8,900 piglets, generating sales revenue of 364 million yuan [1] - For the first nine months of 2025, the company sold a total of 2.1096 million pigs, comprising 1.8152 million commercial pigs and 251,500 piglets, with total sales revenue reaching 3.48 billion yuan [1] Pricing Trends - The average selling price of commercial pigs in September 2025 was 12.82 yuan per kilogram, reflecting a decrease of 7.57% compared to August 2025 [1] Internal Sales - In September 2025, the company sold 49,800 pigs to its internal slaughtering enterprises [1] - From January to September 2025, the company sold 341,200 pigs to its internal slaughtering enterprises [1]

Core Insights - Shennong Group (605296.SH) reported a total sale of 229,000 pigs in September 2025, generating a revenue of 364 million yuan [1] - The average selling price of commercial pigs decreased by 7.57% to 12.82 yuan/kg compared to August 2025 [1] - For the period from January to September 2025, the company sold a total of 2.1096 million pigs, with a revenue of 3.48 billion yuan [1] Sales Performance - In September 2025, the company sold 213,800 commercial pigs and 8,900 piglets [1] - The internal sales to the group's slaughtering enterprises accounted for 49,800 pigs in September [1] - Cumulatively, from January to September 2025, the company sold 1.8152 million commercial pigs and 251,500 piglets [1] Revenue Analysis - The total revenue for September 2025 was 364 million yuan, with a significant portion coming from internal sales [1] - The total revenue for the first nine months of 2025 reached 3.48 billion yuan, indicating a strong sales performance [1] - The decline in average selling price may impact future revenue if the trend continues [1]

Group 1 - The core viewpoint indicates a downward trend in pig prices across China, with 27 provinces reporting price drops on October 9, 2025, and an average national price of 11.67 yuan per kilogram, down 0.20 yuan from the previous day [1][3] - The average price difference for external three-way pigs across 21 major regions is approximately 0.56 yuan per kilogram, remaining stable compared to the previous day, but below the average transportation cost of 0.49 yuan per kilogram [1] - The market is under pressure due to a combination of concentrated supply release post-holiday and a decline in consumer demand, with most provinces seeing prices drop below 12 yuan per kilogram, leading to a prevailing bearish sentiment [3]

智通财经APP讯，巨星农牧(603477.SH)发布公告，2025年9月，公司销售生猪35.18万头，其中商品猪销 售34.88万头，生猪销售收入5.77亿元。 ...

Core Insights - The company Kemin Foods (002661.SZ) reported a decrease in sales volume of live pigs in September 2025, with a total of 37,800 pigs sold, representing a month-on-month decline of 4.45% but a year-on-year increase of 173.77% [1] - The sales revenue for September 2025 reached 33.4268 million yuan, showing a month-on-month growth of 0.71% and a year-on-year increase of 107.57% [1] - For the period from January to September 2025, the cumulative sales volume of live pigs was 416,600, which is a 46.29% increase compared to the same period last year [1] - The cumulative sales revenue for the same period amounted to 431.348 million yuan, reflecting a year-on-year growth of 25.56% [1]

Core Viewpoint - Shennong Group (605296.SH) reported a decline in pig sales and prices in September 2025, indicating potential challenges in the market [1] Sales Performance - In September 2025, the company sold 229,000 pigs, including 213,800 commercial pigs and 8,900 piglets, generating sales revenue of 364 million yuan [1] - For the first nine months of 2025, the company sold a total of 2.1096 million pigs, comprising 1.8152 million commercial pigs and 251,500 piglets, with total sales revenue reaching 3.48 billion yuan [1] Pricing Trends - The average selling price of commercial pigs in September 2025 was 12.82 yuan per kilogram, reflecting a decrease of 7.57% compared to August 2025 [1] Internal Sales - The company sold 49,800 pigs to its internal slaughtering enterprises in September 2025 and 341,200 pigs in total during the first nine months of 2025 [1]

Core Insights - The company reported a significant increase in pig sales and revenue for September 2025, with total sales of 790,700 pigs, marking a 18.07% increase month-over-month and a 107.64% increase year-over-year [1] - The sales revenue for September 2025 reached 683 million yuan, reflecting a 6.88% increase from the previous month and a 33.35% increase compared to the same month last year [1] - The average selling price for commercial pigs (excluding piglets) was 12.75 yuan per kilogram, which represents a 7.33% decrease from the previous month [1] Sales Performance - Cumulative sales of pigs from January to September 2025 totaled 5,732,100, showing a year-over-year increase of 131.43% [1] - The cumulative sales revenue for the same period reached 6.141 billion yuan, which is a 98.52% increase compared to the previous year [1]

格隆汇10月9日丨京基智农(000048.SZ)公布，2025年9月，公司销售生猪22.05万头（其中仔猪5.43万 头），销售收入2.95亿元；商品猪销售均价13.60元/kg。2025年1-9月，公司累计销售生猪167.57万头 （其中仔猪26.67万头），累计销售收入28.46亿元。 ...

格隆汇10月9日｜京基智农公告，2025年9月，公司销售生猪22.05万头（其中仔猪5.43万头），销售收入 2.95亿元；商品猪销售均价13.60元/kg。2025年1-9月，公司累计销售生猪167.57万头（其中仔猪26.67万 头），累计销售收入28.46亿元。 ...

Core Insights - Shennong Group reported a total sale of 229,000 pigs in September, with 213,800 being market pigs and 8,900 being piglets, generating a revenue of 364 million yuan [1] - The average selling price of market pigs in September was 12.82 yuan per kilogram, reflecting a decrease of 7.57% compared to August 2025 [1] - From January to September 2025, the company sold a total of 2.1096 million pigs, including 1.8152 million market pigs and 251,500 piglets, with total revenue reaching 3.48 billion yuan [1] Sales Performance - In September, the company sold 229,000 pigs, with market pigs accounting for the majority of sales [1] - The revenue generated from pig sales in September was 364 million yuan [1] - Year-to-date sales from January to September totaled 2.1096 million pigs, indicating a strong performance in the first three quarters of 2025 [1] Price Trends - The average price for market pigs decreased to 12.82 yuan per kilogram in September, marking a significant decline from the previous month [1] - The 7.57% drop in market pig prices may impact future revenue and sales strategies [1]