Group 1 - The company Zhongliang Jiajia Kang (01610) announced a pig slaughter volume of 498,000 heads for August 2025 [1] - The average selling price of commercial pigs is 13.39 yuan per kilogram [1] - Fresh pork sales volume reached 27,200 tons, with brand revenue accounting for 34.74% of the fresh pork business [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） | | 生豬出欄量（千頭） | | 商品大豬銷售均價 | 生鮮豬肉銷量 | 生鮮豬肉業務中 | | --- | --- | --- | --- | --- | --- | | | 當期值 | 本年累計 | （單位：人民幣元╱公斤） | （單位：千噸） | 品牌收入佔比(%)1 | | 2025年1月 | 450 | 450 | 15.41 | 25.5 | 29.72% | | 2025年2月 | 533 | 982 | 14.26 | 18.9 | 36.27% | | 2025年3月 | 480 | 1,462 | 14.40 | 28.2 | 29.17% | | 2025年4月 | 472 | 1,934 | 14.85 | 25.1 | 28.80% | | 2025年5月 | 537 | 2,471 | 14.63 | 28.0 | 31.02% | | 2 ...

智通财经APP讯，罗牛山(000735.SZ)发布公告，公司2025年8月销售生猪5.36万头，环比下降4.55%,同比 增长12.47%;销售收入9559.03万元，环比下降1.96%，同比下降20.30%。2025年1-8月，公司累计销售生 猪42.72万头，同比下降11.50%;累计销售收入7.99亿元，同比下降9.18%。 ...

1. Report Information - The report is a daily report on live hog futures, dated September 3, 2025, and the researcher is Qi Jianhua [1] 2. Futures Market 2.1 Contract Quotes - On September 3, 2025, the live hog lh2511 futures contract opened high and closed low, closing at 13,550 points, down 0.15% from the previous day, with a trading volume of 19,400 lots and an open interest of 73,600 lots [2] 2.2 Variety Prices - The prices of live hog futures contracts showed mixed performance throughout the day, with a total open interest of 180,527 lots, an increase of 384 lots from the previous trading day [4] 2.3 Related Quotes - The daily trading volume of live hog options was 5,004 lots, with a total open interest of 30,284 lots, an increase of 440 lots, and the total number of exercises on the day was 0 [7] 3. Spot Market 3.1 Basis Data - The live hog basis today was 315 yuan/ton, down 40 yuan/ton from the previous trading day, indicating a slight convergence [8] 3.2 Registered Warehouse Receipts - The registered warehouse receipts of live hogs were 430 lots, with no change from the previous day [9][10] 4. Influencing Factors 4.1 Industry News - The national benchmark price of live hogs was 13.85 yuan/kg, down 0.14% day-on-day, still at a four-year low; the price in Deyang, Sichuan was 13.6 yuan/kg, and in Harbin, Heilongjiang was 13.4 yuan/kg, with a regional price difference of only 0.2 yuan/kg [10] 4.2 Technical Analysis - The short, medium, and long-term moving averages of the live hog lh2511 futures contract showed a typical short position arrangement, and the deviation values increased step by step. The short-term was oversold, but the trend remained unchanged [11] 5. Market Outlook - The current situation of "strong supply and average demand" in the live hog spot market remains unchanged, and the price is mainly in a narrow range of fluctuating downward. On the futures market, the price of the live hog lh2511 contract is running below the 20-day moving average and is still in a downward channel. Indicators show that the short side is dominant. If the market sentiment remains pessimistic, the price may weaken further in the short term [12]

罗牛山（000735）(000735.SZ)发布公告，公司2025年8月销售生猪5.36万头，环比下降4.55%,同比增长 12.47%;销售收入9559.03万元，环比下降1.96%，同比下降20.30%。2025年1-8月，公司累计销售生猪 42.72万头，同比下降11.50%;累计销售收入7.99亿元，同比下降9.18%。 ...

Core Insights - The company announced a decrease in pig sales for August 2025, with 53,600 pigs sold, representing a month-on-month decline of 4.55% but a year-on-year increase of 12.47% [1] - The sales revenue for August 2025 was 95.59 million yuan, showing a month-on-month decrease of 1.96% and a year-on-year decline of 20.30% [1] - Cumulatively, from January to August 2025, the company sold 427,200 pigs, which is a year-on-year decrease of 11.50% [1] - The cumulative sales revenue for the same period was 798.84 million yuan, reflecting a year-on-year decline of 9.18% [1]

人民财讯9月10日电，罗牛山（000735）9月10日晚间公告，8月销售生猪5.36万头，环比下降4.55%,同 比增长12.47%；销售收入9559.03万元，环比下降1.96%，同比下降20.30%。2025年1—8月，公司累计销 售生猪42.72万头，同比下降11.50%；累计销售收入7.99亿元，同比下降9.18%。 ...

格隆汇9月10日丨罗牛山(000735.SZ)公布，公司2025年8月销售生猪5.36万头，环比下降4.55%,同比增长 12.47%；销售收入9,559.03万元，环比下降1.96%，同比下降20.30%。2025年1-8月，公司累计销售生猪 42.72万头，同比下降11.50%；累计销售收入79,884.33万元，同比下降9.18%。 ...

人民财讯9月9日电，天康生物（002100）9月9日晚间公告，2025年8月份销售生猪26.38万头，环比增长 18.03%，同比增长10.15%；销售收入3.80亿元，环比增长13.43%，同比下降17.03%。2025年8月份商品 猪(扣除仔猪、种猪后)销售均价12.79元/公斤，环比下降6.09%。2025年1—8月，公司累计销售生猪 201.55万头，较去年同期增长8.24%；累计销售收入29.58亿元，较去年同期下降4.89%。 ...

Group 1 - The agricultural sector showed strong performance on September 8, with notable gains in pork and chicken stocks, including Aonong Biological and Tianyu Biological reaching the daily limit, and Lihua Co., Ltd. rising over 6% [1] - On September 5, the Ministry of Commerce of China announced the recognition of dumping in imported pork and pork by-products from the EU, deciding to implement temporary anti-dumping measures in the form of a deposit starting from September 10, 2025, with rates ranging from 15.6% to 62.4% [1] - The import of pork and pork by-products from the EU accounts for over 50% of China's total imports, and the anti-dumping deposit is expected to drive domestic pork prices higher due to increased costs and reduced supply [1] Group 2 - As of September 5, 2025, the national average price of live pigs was 13.79 yuan/kg, reflecting a week-on-week increase of 0.08 yuan/kg [2] - The average weight of pigs sold from the sample was 128.23 kg per head, with a week-on-week increase of 0.4 kg and a year-on-year increase of 1.5 kg [2] - The market outlook suggests that as temperatures cool, demand is expected to improve, leading to tighter supply of large pigs and potential upward movement in pork prices [2]