海南日报全媒体记者 刘阳秀 近日，在昌江黎族自治县乌烈黑山羊全产业链育种场，技术员赵华林刚结束3号羊舍的例行巡视， 便安排同事为一只耳下腮部长了炎性肿块的成年母羊筹备手术。 走进育种场监控室，屏幕里的画面正实时传回手术现场：赵华林的徒弟、同为从新疆来到昌江十几 年的技术员萨姆汗与同伴相互配合，在羊舍过道空地上专注操作。"这批种羊进场前有严格的隔离流 程，必须在隔离场待满五六十天。"赵华林指着屏幕向海南日报全媒体记者解释，20多天前他去隔离场 巡查时，就注意到这只母羊耳下的肿块，"但当时肿块没'熟'，没法贸然开刀，只能等最佳时机"。 "新建的实验室比我们现在用的好太多了！" 说起新设施，赵华林难掩兴奋。"里面的设备不光质量 好，功能还全。使用新设备一次就能完成育种工作。" 走出实验室，他爽朗地笑了几声。 说话间，屏幕里的萨姆汗已娴熟地操控手术刀，帮母羊清理肿块、处理伤口。不到10分钟，这台小 手术便顺利完成。"这病急不得，不然里面的脓水排不干净，就没法痊愈。"赵华林紧盯屏幕，同时打电 话给萨姆汗确认术后情况。 这样的诊疗、照料工作，早已是赵华林的日常。自2021年来到育种场，他便主要负责乌烈羊的育种 核心工作： ...

Sales Performance - The three major pig companies reported an increase in sales volume, with Wens Foodstuffs showing the highest year-on-year growth of 37.88% [1][5] - In August, Muyuan Foods sold 7.001 million pigs, a year-on-year increase of 27.1% and a month-on-month increase of 10.2% [1][5] - Wens Foodstuffs sold 3.2457 million pigs, with a month-on-month increase of 2.56% and a year-on-year increase of 37.88% [1][5] - New Hope sold 1.3378 million pigs, with a month-on-month increase of 2.71% and a year-on-year increase of 4.72% [1][5] Revenue Analysis - All three companies experienced a decline in sales revenue year-on-year, with Muyuan Foods reporting a revenue of 11.85 billion yuan, down 12.3% year-on-year but up 1.8% month-on-month [4][6] - Wens Foodstuffs reported a revenue of 4.825 billion yuan, down 17.7% year-on-year and down 1.07% month-on-month [4][6] - New Hope's revenue was 1.722 billion yuan, down 30.73% year-on-year and down 4.45% month-on-month [4][6] Price Trends - The average sales price for all three companies decreased both year-on-year and month-on-month, with declines ranging from 4% to 7% month-on-month and 31% to 33% year-on-year [7][8] - In August, Muyuan Foods' average sales price was 13.51 yuan/kg, down 31.46% year-on-year and down 5.5% month-on-month [7][9] - Wens Foodstuffs' average price was 13.90 yuan/kg, down 32.03% year-on-year and down 4.66% month-on-month [7][9] - New Hope's average price was 13.54 yuan/kg, down 32.74% year-on-year and down 6.23% month-on-month [7][9]

Group 1 - In August 2025, Shennong Group sold 166,400 pigs, with a revenue of 285 million yuan, showing a decline compared to July [1] - The total sales of Shennong Group from January to August 2025 reached 1.8806 million pigs, generating a revenue of 3.116 billion yuan [1] - In August 2025, the average selling price of commercial pigs for Shennong Group was 13.87 yuan/kg, down 5.84% from July [2] Group 2 - Tianbang Food reported a sale of 529,700 commercial pigs in August 2025, with a revenue of 621 million yuan, reflecting a decrease of 1.32% in sales volume and 9.43% in revenue compared to the previous month [2] - From January to August 2025, Tianbang Food sold 4.0246 million commercial pigs, with a revenue of 5.45 billion yuan, and an average selling price of 16.05 yuan/kg [2] - The overall trend in the domestic pig market has been downward in recent months [2] Group 3 - Muyuan Foods sold 7.001 million commercial pigs in August 2025, a year-on-year increase of 27.1%, with an average selling price of 13.51 yuan/kg [3] - Wen's Food sold 3.2457 million pigs in August 2025, generating a revenue of 4.825 billion yuan, with an average selling price of 13.9 yuan/kg [3] - Recent analysis indicates a potential recovery in pig market demand in September, although supply pressures remain significant [3]

Summary of the Conference Call on the Swine Industry in August 2025 Industry Overview - The report focuses on the swine industry in China, specifically analyzing the data and trends for August 2025 regarding pig prices, production capacity, and profitability [1][2][3]. Key Points and Arguments Price Trends - The average price of live pigs in August 2025 dropped to 13.57 CNY/kg, marking the lowest point of the year, down from a peak of 16.36 CNY/kg at the beginning of the year, reflecting significant market pressure [1][2]. - The monthly average price for August was reported at 13.77 CNY/kg, a decrease of 5.36% from July and a 32.27% decline year-on-year [2]. Production Capacity - Sample data from 196 enterprises indicated a 3.65% month-on-month increase in pig slaughtering volume and a 23.32% year-on-year increase [3][4]. - The breeding sow inventory showed a slight month-on-month decline of 1.11%, but a year-on-year increase of 5.38%, indicating ongoing capacity adjustments in the industry [5]. Profitability - The profitability for self-breeding and self-raising operations fell to an average of 63.7 CNY per head, a staggering decrease of 62.51% month-on-month and 92.2% year-on-year [8]. - Losses were reported in piglet fattening, with an average loss of 28.35 CNY per head, reflecting a significant decline in profitability [8]. Market Expectations - The price of 7 kg piglets averaged 393.05 CNY per head in August but dropped to 340.92 CNY by the end of the month, with expectations for further declines in September and October due to seasonal factors [6][7]. - The anticipated price for piglets could fall to around 200 CNY per head in the coming months, which may lead to a further reduction in the breeding sow inventory [7]. Supply and Demand Dynamics - Daily slaughter rates increased to an average of 167,200 pigs in August, a year-on-year increase of 25.25% [13]. - The supply of pigs is expected to continue increasing in September, which may exert downward pressure on prices [14]. Cost Factors - Feed costs, particularly for soymeal and corn, have remained relatively low, providing some support for breeding profitability despite the drop in pig prices [9]. - The average cost of raising pigs for large enterprises is around 12 to 13 CNY/kg, while smaller enterprises face costs close to 13 CNY/kg, indicating a challenging profitability landscape [25]. Future Projections - The fourth quarter is expected to see continued increases in pig supply, with potential price rebounds due to seasonal demand around the holidays [16][23]. - The highest weekly price forecast for the end of the year is between 14.5 to 15 CNY/kg, with the lowest potentially dropping below 13.5 CNY/kg [23]. Industry Challenges - The industry is facing challenges related to disease outbreaks, particularly in southern regions, which could impact supply and pricing dynamics in the coming months [20]. - The government's target to reduce breeding sow numbers by 1 million heads is being implemented, but the pace of reduction varies among enterprises [18][21]. Additional Important Insights - The weight of pigs at transaction averaged 123.87 kg in August, showing a slight decline, which has implications for market pricing [10]. - The price difference between fat and standard pigs increased, indicating market adjustments in response to supply and demand shifts [11]. - The reduction in secondary fattening and restocking activities reflects cautious market sentiment regarding future price expectations [12]. This summary encapsulates the critical insights from the conference call regarding the swine industry, highlighting the current challenges, market dynamics, and future expectations.

Major Events - Robotech plans to issue H-shares and list on the Hong Kong Stock Exchange [1] - Leo Group plans to issue H-shares and list on the Hong Kong Stock Exchange [1] Performance - Tianji shares gain high market attention for solid-state battery concept; subsidiary has obtained patents for lithium sulfide materials and their preparation methods [1][1] - Weiguang Bio has successfully acquired land use rights and signed a transaction confirmation [1] - Gansu Energy's Changle Company has officially put the 5th unit of the 2×1000 MW coal-fired unit expansion project into commercial operation [1] - Zhaoxin shares' largest shareholder did not trade company stocks during abnormal trading fluctuations [1] - Electric Alloy's shareholder plans to acquire indirect shares through block trading, involving no more than 2.4 million shares [1] - Nanchin Technology plans to issue convertible bonds to raise no more than 1.933 billion yuan for research and industrialization of power management chips in the intelligent computing field [1] - Ningbo Ocean plans to invest in the establishment of two overseas companies [1] - Jidian shares received 913 million yuan in national renewable energy subsidy funds in August [1] - Shennong Group sold 166,400 pigs in August, generating sales revenue of 285 million yuan [1] - Tianbang Food sold 529,700 commercial pigs in August, with sales revenue of 621 million yuan [1]

Core Insights - Muyuan Foods recently disclosed its sales report for August, indicating a significant increase in the number of pigs sold but a decline in sales price and revenue [1] Sales Performance - In August, the company sold 7.001 million pigs, representing a year-on-year increase of 27.1% [1] - The average selling price of pigs was 13.51 yuan per kilogram, showing a year-on-year decrease of 31.46% [1] - The total sales revenue from pig sales amounted to 11.85 billion yuan, reflecting a year-on-year decline of 12.30% [1]

Group 1 - The core viewpoint of the article is that Tianbang Foods reported a decline in both sales volume and revenue for August 2023 compared to the previous month [1] - In August, the company sold 530,000 pigs, generating a revenue of 621 million yuan, with an average selling price of 15.02 yuan per kilogram [1] - Month-on-month changes in sales volume, revenue, and average selling price were -1.32%, -9.43%, and -7.22% respectively [1] Group 2 - Cumulatively from January to August 2023, the company sold 4.02 million pigs, with total revenue of 5.45 billion yuan and an average selling price of 16.05 yuan per kilogram [1] - Year-on-year changes for the same period showed a decrease of -1.00% in sales volume, -4.76% in revenue, and -8.95% in average selling price [1]

Core Insights - Shennong Group disclosed its main operational data for the pig farming business in August, reporting sales of 166,400 pigs, with a revenue of 285 million yuan [1] Sales Performance - In August, the company sold 156,000 commercial pigs and 5,100 piglets, generating a sales revenue of 285 million yuan, including 48,700 pigs sold to internal slaughtering enterprises [1] - From January to August 2025, the company sold a total of 1.8806 million pigs, comprising 1.6014 million commercial pigs and 242,700 piglets, with total sales revenue reaching 3.116 billion yuan [1] Price Trends - The average selling price of commercial pigs in August 2025 was 13.87 yuan per kilogram, reflecting a decrease of 5.84% compared to July 2025 [1]

Core Insights - Tianyu Biological recently disclosed its main operational data for the pig farming business in August, indicating significant sales and revenue changes [1] Sales Performance - In August, the company sold 26,000 pigs, generating a sales revenue of 29.8423 million yuan, with month-on-month changes of 50.83% in sales volume and 41.89% in revenue [1] - Cumulatively, from January to August 2025, the company sold 247,400 pigs, representing a year-on-year increase of 17.77%, while the total sales revenue reached 362 million yuan, showing a slight year-on-year decline of 0.05% [1] Inventory Status - As of the end of August, the pig inventory stood at 181,000 heads, reflecting a year-on-year increase of 22.29% and a month-on-month increase of 10.49% [1]

Group 1 - The core point of the article is that Tianbang Food (002124.SZ) reported its commodity pig sales for August 2025, indicating a total sale of 529,700 pigs, including 202,600 piglets, with a sales revenue of 621 million yuan [1] - The average selling price for the pigs was 15.02 yuan per kilogram, while the average price for fat pigs was 13.71 yuan per kilogram [1] - The sales figures showed a month-on-month change of -1.32% in the number of pigs sold, -9.43% in sales revenue, and -7.22% in average selling price [1]