Core Viewpoint - Yisheng Co., Ltd. (益生股份) reported a decline in sales volume and revenue for its white feather broiler chicks in October 2025 compared to the previous year, indicating potential challenges in the market [1] Sales Performance - The company sold 53.01 million white feather broiler chicks, generating sales revenue of 199 million yuan, with year-on-year changes of -0.25% in sales volume and -22.97% in revenue [1] - The sales volume and revenue showed a quarter-on-quarter increase of 0.33% and 5.74%, respectively [1] Specific Product Performance - The sales of Yisheng 909 small white feather broiler chicks reached 8.87 million, with sales revenue of 6.82 million yuan, reflecting a year-on-year increase of 26.16% in sales volume but a decrease of 32.68% in revenue [1] - Quarter-on-quarter changes for this product showed an increase of 10.83% in sales volume but a slight decrease of 0.60% in revenue [1]

Core Points - A highly pathogenic avian influenza outbreak has been confirmed at a poultry farm in Niigata Prefecture, Japan, leading to the emergency culling of approximately 280,000 affected chickens [1] - Since the start of the current avian influenza season, Japan has reported four outbreaks, with a total of over 1.5 million affected birds [1] - The local government has imposed restrictions on poultry and egg transportation within a 10-kilometer radius of the outbreak site to prevent further spread [1] Summary by Category Outbreak Details - The outbreak was confirmed on October 9, following an increase in reported deaths among chickens at the farm [1] - This is the second outbreak reported in Niigata Prefecture during the current avian influenza season, which typically runs from autumn to spring [1] - The first outbreak of the current season was reported on October 22 in Hokkaido, resulting in the culling of about 450,000 chickens [1] Economic Impact - Rising feed prices and reduced production due to summer heat have already driven up egg prices in Japan, which are currently at a high level [1] - The spread of avian influenza has raised concerns about further increases in egg prices [1] - From October 2022 to April 2023, over 17 million birds were culled due to avian influenza, setting a record for the highest number of culled birds in a single outbreak season in Japan [1] - The previous outbreaks led to a shortage of eggs in Japan, causing a situation referred to as "egg scarcity" [1]

荷兰农业、渔业、粮食安全及自然部7日晚在一份声明中说，在该国弗里斯兰省一蛋鸡养殖场发现高致 病性禽流感病例。为防止禽流感扩散，该部下属的荷兰食品和消费品安全局决定对该养殖场约12万只家 禽实施扑杀。 （文章来源：新华社） 声明说，根据防疫规定，涉疫养殖场周边10公里范围内立即启动运输禁令，禁止从该区域运出家禽、种 蛋、食用蛋，并禁止外运禽类粪便、废弃垫料，以及来自养禽企业的其他动物和动物产品。 声明还说，涉疫养殖场周边1公里范围内另有1家家禽养殖场，目前已进行病毒采样并启动14天强化监 测，3公里范围内的另外3家家禽养殖场正接受防疫筛查。声明说，涉疫养殖场周边10公里范围内分布着 27个商业家禽养殖场。 ...

Core Insights - Xiangjia Co., Ltd. reported its live poultry sales for October 2025, indicating a total of 3.8902 million birds sold, generating revenue of 93.9523 million yuan, with an average selling price of 11.34 yuan per kilogram [1] Sales Performance - The sales volume of live poultry decreased by 0.69% month-on-month and by 10.36% year-on-year [1] - The sales revenue experienced a month-on-month decline of 2.76% and a year-on-year decrease of 2.50% [1] - The average selling price per kilogram saw a month-on-month drop of 6.29% but an increase of 3.35% year-on-year [1]

Core Viewpoint - Guangdong Tiannong Group Co., Ltd. is preparing for an IPO on the Hong Kong Stock Exchange, positioning itself as a leading supplier of Qingyuan chicken, known for its high-quality meat and unique flavor [6][10]. Company Overview - Tiannong Group, founded by Zhang Zhengfen and her husband Xiao Wenqing, has become the largest supplier of Qingyuan chicken in China, producing over 32 million chickens annually [6][8]. - The company has developed a vertical integration model covering breeding, farming, feed production, slaughtering, and brand marketing [11]. Market Position - Tiannong Group holds a 59.3% market share in the Qingyuan chicken segment, with an expected output of 32.7 million chickens in 2024, surpassing all competitors combined [13]. - The company ranks second among yellow feathered chicken suppliers in Guangdong province [13]. Financial Performance - Revenue projections for Tiannong Group show fluctuations due to industry cycles, with expected revenues of RMB 39.52 billion, RMB 35.96 billion, and RMB 47.76 billion for 2022, 2023, and 2024 respectively [13]. - The net profit for the same years is projected at RMB 3.41 billion, -RMB 6.69 billion, and RMB 8.90 billion [13]. Product Segmentation - The company's core products include Qingyuan chicken, live pigs, and related meat products, primarily marketed under the brands "Tiannong" and "Fengzhonghuang" [11]. - In terms of revenue contribution, pig products accounted for 65.5%, 61.6%, and 67.1% from 2022 to 2024, while Qingyuan chicken's contribution decreased from 25.6% to 20.7% in the same period [14][15]. Operational Insights - Tiannong Group has established a breeding system that includes original breeds and various generations to ensure quality and sustainability [8]. - The company has faced challenges such as market price fluctuations and risks associated with poultry diseases, which can impact revenue and profitability [16]. Industry Context - The Qingyuan chicken industry has seen significant growth, with a total output value reaching RMB 11.196 billion in 2024, marking a 26.3% increase year-on-year [19]. - The unique breeding and farming practices in Qingyuan contribute to the chicken's reputation and market demand, making it a staple in Guangdong cuisine [18][19].

Core Insights - Xiangjia Co., Ltd. (002982.SZ) reported sales of live poultry reaching 3.8902 million units in October 2025, generating a revenue of 93.9523 million yuan [1] - The average selling price was 11.34 yuan per kilogram, with month-on-month changes of -0.69% for sales volume, -2.76% for revenue, and -6.29% for average price [1] - Year-on-year changes showed a decline of 10.36% in sales volume, a decrease of 2.50% in revenue, while the average price increased by 3.35% [1] Sales Performance - Total sales volume of live poultry in October 2025 was 3.8902 million units [1] - Revenue from sales amounted to 93.9523 million yuan [1] - Average selling price per kilogram was recorded at 11.34 yuan [1] Month-on-Month Changes - Sales volume decreased by 0.69% compared to the previous month [1] - Revenue saw a decline of 2.76% month-on-month [1] - Average selling price dropped by 6.29% from the previous month [1] Year-on-Year Changes - Sales volume experienced a significant decline of 10.36% compared to the same month last year [1] - Revenue decreased by 2.50% year-on-year [1] - Average selling price increased by 3.35% compared to the previous year [1]

Core Insights - Xiangjia Co., Ltd. (002982.SZ) reported its live poultry sales for October 2025, with a total of 3.8902 million birds sold, generating a revenue of 93.9523 million yuan [1] Sales Performance - The average selling price for live poultry was 11.34 yuan per kilogram [1] - Month-on-month changes in sales volume, revenue, and average price were -0.69%, -2.76%, and -6.29% respectively [1] - Year-on-year changes in sales volume, revenue, and average price were -10.36%, -2.50%, and 3.35% respectively [1]

Core Insights - The company Xiangjia Co., Ltd. (002982.SZ) reported its live poultry sales for October 2025, indicating a total sale of 3.8902 million birds, generating a revenue of 93.9523 million yuan [1] Sales Performance - The sales volume of live poultry decreased by 0.69% month-on-month [1] - The sales revenue experienced a month-on-month decline of 2.76% [1] - The average selling price per kilogram of live poultry fell by 6.29% compared to the previous month, standing at 11.34 yuan/kg [1] Year-on-Year Comparison - Year-on-year, the sales volume decreased by 10.36% [1] - The sales revenue showed a slight decline of 2.50% compared to the same month last year [1] - However, the average selling price increased by 3.35% year-on-year [1]

Core Viewpoint - Xiangjia Co., Ltd. reported a decrease in both sales volume and revenue for October 2025, indicating potential challenges in the poultry market [1] Sales Performance - The company sold 3.8902 million live poultry in October 2025, with a sales revenue of 93.9523 million yuan [1] - The average selling price was 11.34 yuan per kilogram [1] Month-on-Month Changes - Sales volume decreased by 0.69% compared to the previous month [1] - Sales revenue decreased by 2.76% month-on-month [1] - Average selling price decreased by 6.29% compared to the previous month [1] Year-on-Year Changes - Sales volume decreased by 10.36% compared to the same month last year [1] - Sales revenue decreased by 2.50% year-on-year [1] - Average selling price increased by 3.35% compared to the same month last year [1]

公告说，根据爱尔兰和欧盟相关法规，已在上述两个养殖场周围设置限制区，包括在半径3公里范围内 设立保护区，在半径10公里范围内设立监测区。 公告强调，自10日起，全国所有家禽和笼养鸟类必须实施圈养，以避免它们接触野生鸟类或不同养殖场 的禽类互相接触。此外，不允许组织或参与将不同养殖场的禽类聚集在一起的活动，如展览、集市和销 售等，以降低禽流感蔓延风险。 新华财经伦敦11月6日电都柏林消息：爱尔兰政府5日宣布，自10日起在全国范围内对家禽和笼养鸟类实 施强制圈养措施，以降低它们感染禽流感病毒的风险。 爱尔兰农业、食品和海洋部当天发布公告说，最新确认该国米斯郡一家商业火鸡养殖场出现H5N1型高 致病性禽流感疫情。此前一天，该国卡洛郡的一家商业火鸡养殖场已确认发现H5N1型高致病性禽流感 疫情。据多家媒体报道，这是爱尔兰2023年以来首次有商业家禽养殖场出现禽流感疫情，导致该养殖场 3240只火鸡中3130只死亡。 目前欧洲正值禽流感季节性高发期。英国政府此前宣布从11月6日起在英格兰实施强制性禽类圈养措 施。法国、德国、荷兰等国也已上调禽流感疫情风险等级，并发布防控令，疫情形势备受关注。 （文章来源：新华社） ...