Group 1 - The company, Xibu Muye, reported that as of September 10, the total number of shareholders is 24,200 [2]

Group 1 - The core point of the article is that *ST Tianshan (300313) reported its livestock sales for August, indicating a significant decline in year-on-year performance [1] - In August, the company sold 49 livestock, generating sales revenue of 549,000 yuan, which reflects a month-on-month change of -2% in sales volume and +4.58% in sales revenue [1] - Year-on-year comparisons show a drastic decline, with sales volume down by 96.01% and sales revenue down by 95.80% [1]

Core Viewpoint - *ST Tianshan (300313.SZ) reported a significant decline in both sales volume and revenue for August 2025, indicating potential challenges in its operational performance [1] Sales Performance - The company sold 49 head of livestock in August 2025, which represents a 2.00% decrease compared to the previous month [1] - The sales revenue for the same period was 549,000 yuan, reflecting a 4.58% increase month-on-month [1] - Year-on-year comparisons show a drastic decline, with sales volume down by 96.01% and revenue down by 95.80% [1]

Core Viewpoint - The sales of live livestock by *ST Tianshan in August 2025 showed a decrease in quantity but an increase in revenue compared to the previous month, indicating a rise in selling prices despite lower sales volume [1] Summary by Relevant Sections - **Sales Performance** - In August 2025, *ST Tianshan sold 49 heads of live livestock, generating a revenue of 549,000 yuan [1] - Month-on-month changes showed a decrease in sales quantity by 2.00% and an increase in revenue by 4.58% [1] - **Year-on-Year Comparison** - Year-on-year, the sales quantity and revenue experienced significant declines of 96.01% and 95.80%, respectively [1] - The primary reason for the year-on-year decline was a lower number of livestock sold compared to the same month last year [1] - **Price Dynamics** - The increase in revenue despite a decrease in sales quantity was attributed to a higher selling price per unit in the current month compared to the previous month [1]

Group 1 - The pork concept sector leads the market with an increase of 2.74% [1] - Bangji Technology saw a rise of 6.39% [1] - Lihua Co., Ltd. increased by 4.81% [1] - Wens Foodstuff Group rose by 4.21% [1] - Muyuan Foods and Tianbang Foods both experienced gains of over 3% [1] - Huatong Foods also saw a significant increase [1]

其次，外调渠道受限，也导致了过剩产能难以向外疏解。作为生猪主产区，外调是广西缓解本地供应压 力的重要途径，但当前外调渠道面临双重阻碍，无法有效疏解过剩产能。与广东市场相比，尽管广西猪 价存在2.0-2.5元／公斤的价差，但两地执行的"点对点"调运政策制约了调运规模。 对于北方销区而言，价差优势则被高额运费抵消。据卓创资讯监测，当前广西与北方地区的猪价价差为 1.6元／公斤上下，广西至华北主销区的生猪运输距离超2000公里，加上检疫、损耗等成本，总成本较 高，两地区价差不足以覆盖调运成本。贸易商外调基本无利润可图，甚至可能亏损，导致北方外调渠道 也基本停滞，本地过剩生猪只能依赖区内消化，进一步压低区域猪价。 多重压力下，近期广西生猪价格持续走低，成为全国猪价"洼地"。据卓创资讯统计，目前广西地区猪价 已成为22个省份的最低价，并且较全国平均水平低1.0-1.4元／公斤，部分低价地区甚至已经跌破成本 线。 分析来看，养殖端计划出栏量增加、调运受限、环保行动、以及猪病的发生等多重因素，共同导致广西 猪价低迷。 首先从出栏情况来看，当前广西猪价承压的首要原因，在于供应端的持续放量。9月广西养殖端生猪计 划出栏量环比增 ...

Group 1: Report Industry Investment Rating - The investment strategy for both the pig and egg industries is cautiously bearish [3][6] Group 2: Core Viewpoints of the Report - In the short - term, the pattern of strong supply and weak demand in the pig market is difficult to change, but in the medium - to - long - term, attention should be paid to the reduction of production capacity and national policy changes. For the egg market, the large supply pressure makes the festival boost weak, and attention should be paid to the impact of cold - storage eggs entering the market on the spot market [2][5] Group 3: Summary by Related Catalogs Pig Market Market News and Key Data - Futures: The closing price of the live hog 2511 contract yesterday was 13,315 yuan/ton, up 85 yuan/ton or 0.64% from the previous trading day. Spot: In Henan, the price of external ternary live hogs was 13.48 yuan/kg, down 0.03 yuan/kg; in Jiangsu, it was 13.65 yuan/kg, down 0.11 yuan/kg; in Sichuan, it was 13.15 yuan/kg, down 0.11 yuan/kg. The national average wholesale price of pork in agricultural product markets on September 10 was 19.91 yuan/kg, up 0.3% [1] Market Analysis - The weight - reducing slaughter of group farms has weakened the festival boost this year. The pig production capacity has remained at around 40.5 million heads for about a year, and with the improvement of production efficiency, there is room for capacity reduction in the future [2] Egg Market Market News and Key Data - Futures: The closing price of the egg 2510 contract yesterday was 3019 yuan/500 kg, down 41 yuan or 1.34% from the previous trading day. Spot: In Liaoning, the egg price was 3.27 yuan/jin, unchanged; in Shandong, it was 3.55 yuan/jin, up 0.10 yuan; in Hebei, it was 3.11 yuan/jin, unchanged. On September 10, the national production - link inventory was 0.48 days, and the circulation - link inventory was 0.79 days, both unchanged from the previous day [3][4] Market Analysis - High - temperature weather in mid - and early August led to cautious purchasing. Egg prices rose slightly in late August due to downstream stocking for the start of school. In September, school demand recovered, but tourism and catering demand declined. Food - processing demand was strong in mid - and early September but weakened in late September. Overall demand decreased over time [5]

Group 1 - The consumer price index (CPI) in August showed a year-on-year decline of 0.4%, primarily due to a high comparison base from the previous year and lower seasonal food price increases [1] - The core CPI, excluding food and energy, increased by 0.9% year-on-year, marking the fourth consecutive month of growth [1] - The producer price index (PPI) remained flat month-on-month, with a year-on-year decline of 2.9%, but the rate of decline narrowed by 0.7 percentage points compared to the previous month [1] Group 2 - In August, pork prices in Beijing's Xinfadi wholesale market averaged 16.87 yuan per kilogram, a decrease of 7.1% from July and 31.37% from the same period last year [3] - The decline in pork prices is attributed to a slight oversupply of live pigs and increased market supply, reaching a five-year high in daily average listings [3] - Seasonal fruits also experienced price declines due to an overlap in supply from summer fruits and new harvests of apples and pears [8] Group 3 - Industry experts predict that pork prices will stabilize in September due to factors such as school stocking and cooler weather, with prices expected to rise by only 1%-3% compared to August [5]

Core Viewpoint - Charoen Pokphand International (03839) has seen its stock price increase by over 570% year-to-date, with a recent rise of 8.79% to HKD 10.02, reflecting strong market performance and investor interest [1] Company Summary - Charoen Pokphand International is a subsidiary of Charoen Pokphand Group and is one of the world's leading producers of chlortetracycline [1] - The company reported a significant profit increase of 768.36% year-on-year in the first half of the year, primarily driven by substantial growth in its biochemical business, which focuses on animal health products and chlortetracycline [1] Industry Summary - The strategic partnership signed on August 28 between Muyuan Foods and Charoen Group in Bangkok is seen as a collaboration between the world's first and third largest pig farming giants, aiming for comprehensive cooperation in strategic planning, business integration, and global expansion [1] - The global veterinary chlortetracycline market is characterized by a duopoly, with China’s Jinhe Biology and Charoen Biological accounting for over 90% of global production capacity [1]

Group 1 - The wealth of Wang Ning, founder of Pop Mart, has surpassed that of Qin Yinglin and Qian Ying, making him the richest person in Henan Province with a net worth of $23 billion, ranking 96th globally [1] - Pop Mart reported a revenue of 13.88 billion yuan for the first half of 2025, a year-on-year increase of 204.4%, and an adjusted net profit of 4.71 billion yuan, up 362.8% [1] - The stock price of Pop Mart surged over 13% following the earnings report, reaching a historical high and a market capitalization exceeding 400 billion HKD [1] Group 2 - Chen Tian Shi, founder of Cambrian, has become the new richest person in Jiangxi Province with a net worth of $21.5 billion, ranking 106th globally, while the previous richest, Luo Yuhao, has a net worth of $4.3 billion [3] - Cambrian's stock price has risen significantly due to the boom in China's chip industry, reaching a market cap of 663.7 billion yuan, surpassing Kweichow Moutai [3] - Both Wang Ning and Chen Tian Shi are part of the emerging industries of new consumption and chips, attracting significant capital interest [3] Group 3 - Zhu Yi, the actual controller of Baili Tianheng, has seen his wealth increase significantly, with shares valued over 115 billion yuan, making him the richest person in Sichuan Province [4] - The stock price of Baili Tianheng has outperformed that of Tongwei and New Hope, which were previously led by the former richest in Sichuan [4] - In Shaanxi Province, the couple Fan Daidi and Yan Jianya of Juzhi Biotechnology have become the new richest, with a net worth of $5.1 billion, while the previous richest, Li Zhenguo and Li Xiyan, have a net worth of $3.5 billion [4]