每经AI快讯，9月5日，新希望(000876.SZ)公告称，公司2025年8月销售生猪133.78万头，环比增长 2.71%，同比增长4.72%；收入17.22亿元，环比下降4.45%，同比下降30.73%，同比降幅较大的原因是 销售价格同比下降。 （文章来源：每日经济新闻） ...

Core Viewpoint - New Hope reported an increase in pig sales volume for August 2025, but a significant decline in revenue due to lower sales prices [1] Group 1: Sales Performance - The company sold 1.3378 million pigs in August 2025, representing a month-on-month increase of 2.71% and a year-on-year increase of 4.72% [1] Group 2: Revenue Analysis - The revenue for August 2025 was 1.722 billion yuan, which reflects a month-on-month decrease of 4.45% and a year-on-year decrease of 30.73% [1] - The substantial year-on-year revenue decline is attributed to a decrease in sales prices [1]

Core Insights - New Hope (000876.SZ) reported a total of 1.3378 million pigs sold in August 2025, reflecting a month-on-month increase of 2.71% and a year-on-year increase of 4.72% [1] - The company's revenue for the same period was 1.722 billion yuan, showing a month-on-month decrease of 4.45% and a year-on-year decrease of 30.73%, primarily due to a decline in sales prices [1] - The average selling price of commercial pigs was 13.54 yuan per kilogram, with a month-on-month decrease of 6.23% and a year-on-year decrease of 32.74%, largely influenced by changes in the domestic pig market [1]

Core Viewpoint - New Hope (000876.SZ) reported a decrease in revenue and sales prices for its hog sales in August 2025, primarily due to changes in the domestic hog market conditions [1] Sales Performance - The company sold 1.3378 million hogs in August 2025, representing a month-on-month increase of 2.71% and a year-on-year increase of 4.72% [1] - Revenue from hog sales was 1.722 billion yuan, showing a month-on-month decrease of 4.45% and a year-on-year decrease of 30.73% [1] Pricing Trends - The average selling price of hogs was 13.54 yuan per kilogram, with a month-on-month decrease of 6.23% and a year-on-year decrease of 32.74% [1] - The significant year-on-year decline in selling prices was mainly influenced by fluctuations in the domestic hog market [1]

正邦科技公告，下属子公司辽宁朝阳正邦生态农业有限公司于2025年9月4日收到辽宁省朝阳市中级人民 法院送达的《民事裁定书》，裁定受理债权人张秀春对朝阳正邦的重整申请。同日，朝阳正邦收到朝阳 中院送达的《决定书》，指定北京清律（上海）律师事务所担任朝阳正邦重整管理人。截至2024年12月 31日，朝阳正邦总资产为3.32亿元，负债总额4.6亿元，净资产为-1.28亿元；2024年1-12月实现营业收入 19.79万元，净利润为-5093.88万元。截至2025年6月30日，未经审计，总资产为3.19亿元，负债总额4.69 亿元，净资产为-1.51亿元；2025年1-6月实现营业收入0.04万元，净利润为-2324.83万元。 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - The current egg production is sufficient due to high laying - hen inventory and the pressure of newly - opened laying hens from previous replenishment, along with the continuous release of cold - storage eggs. Although the demand has slightly increased during the Mid - Autumn Festival stocking and school openings, it is still weak year - on - year. The short - term demand has limited support for prices, and the spot price is at the lowest level of the same period this year. However, the continuous losses of the breeding end may accelerate the culling of old hens and reduce the enthusiasm for replenishment. The futures price has rebounded from a low level, but the momentum for continuous upward movement is insufficient under high - production pressure. The recommended strategy is to sell on rebounds and pay attention to the culling volume of old hens [6]. 3. Summary by Directory 3.1 Weekly Highlights - **Market Performance**: This week, the egg futures price first rose and then fell. The closing price of the 2510 contract was 2964 yuan/500 kilograms, an increase of 25 yuan/500 kilograms compared with the previous week [6]. - **Market Outlook**: High laying - hen inventory, new production pressure, and cold - storage egg release lead to sufficient supply. Although demand has slightly recovered, it is still weak year - on - year. The short - term demand support for prices is weak, and the spot price is at a low level. Pay attention to the culling of old hens [6]. - **Strategy Recommendation**: Adopt a strategy of selling on rebounds and focus on the culling volume of old hens [6]. 3.2 Futures and Spot Market - **Futures Price and Position**: The 10 - contract of egg futures first rose and then fell. The position was 349,551 lots, a decrease of 144,211 lots compared with the previous week. The net position of the top 20 decreased slightly [13]. - **Futures Warehouse Receipts**: As of Friday, the number of registered egg warehouse receipts was 0 [17]. - **Spot Price and Basis**: The egg spot price was 3330 yuan/500 kilograms, an increase of 214 yuan/500 kilograms compared with the previous week. The basis between the active 10 - contract futures price and the spot average price was 366 yuan/ton [23]. - **Futures Inter - monthly Spread**: The 10 - 1 spread of egg futures was - 389 yuan/500 kilograms, at a relatively low level in the same period [27]. - **Related Product Spot Prices**: As of September 4, 2025, the average wholesale price of pork was 19.85 yuan/kg, and the average wholesale price of 28 kinds of monitored vegetables was 5.12 yuan/kg [33]. 3.3 Industry Chain - **Supply - Side Indicators**: As of July 31, 2025, the national laying - hen inventory index was 113.18, a month - on - month increase of 1.13%; the new - chick index was 78.4, a month - on - month increase of 3.06% [39]. - **Culling Indicators**: As of July 31, 2025, the national culled laying - hen index was 99.2, a month - on - month decrease of 4.70%; the average age of culled hens was 512 days [44]. - **Feed Raw Material Prices**: As of September 4, 2025, the average spot price of corn was 2360.59 yuan/ton, and the spot price of soybean meal in Fangcheng was 3000 yuan/ton [48]. - **Feed Price and Breeding Profit**: As of August 29, 2025, the breeding profit of laying hens was - 0.21 yuan/hen, and the average price of laying - hen compound feed was 2.76 yuan/kg [55]. - **Prices of Laying - Hen Chicks and Culled Hens**: As of August 29, 2025, the average price of laying - hen chicks in the main production areas was 3.0 yuan/chick, and the average price of culled hens was 9.66 yuan/kg [60]. - **Egg Exports**: In May 2025, the total egg export volume was 12,711.37 tons, an increase of 927.30 tons (7.87%) compared with the same period last year, and a decrease of 81.14 tons compared with the previous month [65]. 3.4 Representative Company - **Xiaoming Co., Ltd.**: Information about its price - earnings ratio change is provided, but no specific analysis is given [67].

Core Viewpoint - The company reported a significant increase in the sales volume of commodity pigs in August 2025, despite a decline in sales price and revenue compared to the previous year [1] Sales Performance - In August 2025, the company sold 7.001 million commodity pigs, representing a year-on-year increase of 27.10% [1] - The company sold a total of 2.591 million commodity pigs to its wholly-owned subsidiary, Muyuan Meat Products Co., Ltd., and its subsidiaries [1] Pricing and Revenue - The average selling price of commodity pigs was 13.51 yuan per kilogram, which reflects a year-on-year decrease of 31.46% [1] - The total sales revenue from commodity pigs amounted to 11.85 billion yuan, showing a year-on-year decline of 12.30% [1]

Core Viewpoint - In August 2025, Muyuan Foods Co., Ltd. reported a significant increase in the sales volume of live pigs, but a decline in sales price and revenue compared to the previous year [1] Sales Performance - The company sold 7.001 million live pigs in August 2025, representing a year-on-year increase of 27.10% [1] - The average selling price of live pigs was 13.51 yuan per kilogram, showing a year-on-year decrease of 31.46% [1] - The total sales revenue from live pigs amounted to 11.85 billion yuan, reflecting a year-on-year decline of 12.30% [1]

人民财讯9月5日电，牧原股份（002714）9月5日晚间公告，8月份，公司销售商品猪700.1万头，同比增 加27.1%（其中向全资子公司牧原肉食品有限公司及其子公司合计销售商品猪259.1万头）；商品猪销售 均价13.51元/公斤，同比下降31.46%；商品猪销售收入118.5亿元，同比下降12.3%。 ...

Group 1 - The company announced that it sold 7.001 million pigs in 2025, representing a year-on-year increase of 27.10% [1] - The average selling price of pigs was 13.51 yuan per kilogram, which is 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 decrease of 12.30% [1]