Core Insights - New Hope reported a total of 1.3025 million pigs sold in July, reflecting a month-on-month decrease of 2.06% and a year-on-year increase of 3.21% [1] - The revenue from pig sales in July was 1.802 billion yuan, showing a month-on-month decline of 3.67% and a year-on-year decrease of 24.62% [1] - The average selling price of pigs was 14.44 yuan per kilogram, with a month-on-month increase of 1.83% but a year-on-year decline of 23.19% [1] Sales Data Summary - In July 2024, the sales volume was 1.262 million pigs, with cumulative sales reaching 9.9506 million pigs and revenue of 2.391 billion yuan [2] - In August 2024, the sales volume increased to 1.2775 million pigs, with cumulative sales of 11.2281 million pigs and revenue of 2.486 billion yuan [2] - The average price per kilogram in August 2024 was 20.13 yuan, indicating a rise from July [2] Monthly Performance Overview - The sales volume for July 2025 was 1.3025 million pigs, with cumulative sales of 9.7518 million pigs and revenue of 1.805 billion yuan [3] - The average price per kilogram in July 2025 was 14.44 yuan, consistent with the previous month [3] - The sales data indicates fluctuations in both volume and pricing trends over the months, reflecting market dynamics [2][3]

Core Insights - The company reported sales of 1.3025 million pigs in July 2025, showing a month-on-month decrease of 2.06% and a year-on-year increase of 3.21% [1] - Revenue for the same period was 1.802 billion yuan, reflecting a month-on-month decline of 3.67% and a year-on-year decrease of 24.62% [1] - The average selling price of commercial pigs was 14.44 yuan per kilogram, with a month-on-month increase of 1.83% and a year-on-year decrease of 23.19% [1]

Core Viewpoint - The company reported a decrease in sales volume and revenue for the sale of live pigs in July 2025, indicating potential challenges in the market despite a year-over-year increase in sales volume [1] Group 1: Sales Performance - The company sold 1.3025 million live pigs in July 2025, representing a month-over-month decrease of 2.06% but a year-over-year increase of 3.21% [1] - Revenue from pig sales was 1.802 billion yuan, showing a month-over-month decline of 3.67% and a year-over-year decrease of 24.62% [1] Group 2: Pricing Trends - The average selling price of commercial pigs was 14.44 yuan per kilogram, which reflects a month-over-month increase of 1.83% but a year-over-year decline of 23.19% [1]

巨星农牧（603477）(603477.SH)披露2025年7月养殖业务销售情况，2025年7月，公司销售生猪32.41万 头，其中商品猪销售31.91万头、仔猪销售0.49万头，生猪销售收入5.63亿元。 ...

天域生物（603717）(603717.SH)发布公告，2025年7月，公司销售生猪1.72万头，销售收入2103.14万 元，环比变动分别为-45.86%、-43.89%，同比变动分别为3.81%、-37.23%。2025年1-7月，公司累计销 售生猪22.14万头，同比上升19.93%;累计销售收入3.33亿元，同比上升11.35%。2025年7月末，公司生猪 存栏16.38万头，同比上升10.26%，环比上升13.43%。 ...

Core Insights - The company Xiangjia Co., Ltd. (002982.SZ) reported sales of live poultry reaching 3.7073 million units in July 2025, generating a revenue of 50.7906 million yuan [1] - The average selling price was 7.85 yuan per kilogram, with month-on-month changes of -13.74% in sales volume, -25.50% in revenue, and -2.20% in average price [1] - Year-on-year changes showed a decline of -11.97% in sales volume, -42.74% in revenue, and -26.30% in average price [1] Sales Performance - Sales volume for July 2025 was 3.7073 million units, reflecting a significant decrease compared to previous periods [1] - Revenue for the same period was 50.7906 million yuan, indicating a substantial drop in financial performance [1] - The average selling price of 7.85 yuan per kilogram suggests a downward trend in pricing power within the market [1] Comparative Analysis - Month-on-month sales volume decreased by 13.74%, indicating a potential seasonal or market-related impact [1] - Revenue saw a more pronounced decline of 25.50% month-on-month, highlighting challenges in maintaining sales levels [1] - Year-on-year comparisons reveal a concerning trend, with sales volume down 11.97%, revenue down 42.74%, and average price down 26.30%, suggesting broader market difficulties [1]

2025年1-7月，公司累计销售生猪33.92万头，较去年同期增长31.50%;累计销售收入3.65亿元，较去年同 期增长17.43%。 克明食品（002661）(002661.SZ)发布公告，公司控股子公司阿克苏兴疆牧歌食品股份有限公司(简称"兴 疆牧歌")2025年7月份销售生猪4.19万头，销量环比下降28.78%，同比增长73.88%;销售收入3,558.39万 元，销售收入环比下降38.92%，同比增长6.08%。 ...

Group 1 - The company announced a pig sales volume of 142,600 heads in July 2025, representing a year-on-year increase of 13.64% and a month-on-month increase of 0.12% from June 2025 [2] - As of the end of July, the company's pig inventory stood at 568,200 heads, which is a year-on-year increase of 19.52% and a month-on-month increase of 3.88% compared to the end of June 2025 [2]

Group 1: Investment Ratings - Both the strategies for the pig and egg sectors are rated as neutral [3][5] Group 2: Core Views - For the pig market, the current reduction in pig spot volume has a greater impact on near - term contracts but is bearish for far - term contracts. The supply is likely to continue increasing in the short term, and the pattern of strong supply and weak demand is difficult to change. The data of reproductive sows from anti - involution culling may be realized in the second half of next year [2] - For the egg market, schools have concentrated stocking demand for the start of the semester in early September. As it gradually enters the seasonal consumption peak season, the increasing consumption demand will support the rise of egg prices. However, the impact of cold - storage eggs entering the market on the spot market should be closely monitored [4] Group 3: Market News and Key Data Pig Market - Futures: The closing price of the live pig 2509 contract yesterday was 14,010 yuan/ton, up 125 yuan/ton or 0.90% from the previous trading day [1] - Spot: The price of ternary live pigs in Henan was 13.96 yuan/kg, down 0.03 yuan/kg; in Jiangsu, it was 14.09 yuan/kg, down 0.01 yuan/kg; in Sichuan, it was 13.38 yuan/kg, unchanged from the previous day [1] - Agricultural product wholesale prices on August 6: The "Agricultural Product Wholesale Price 200 Index" was 113.78, up 0.26 points; the "Vegetable Basket" product wholesale price index was 113.93, up 0.30 points. The average wholesale price of pork was 20.67 yuan/kg, up 1.7%; beef was 64.47 yuan/kg, up 0.3%; mutton was 59.73 yuan/kg, up 0.7%; eggs were 7.54 yuan/kg, down 0.8%; white - striped chickens were 17.40 yuan/kg, down 0.5% [1] Egg Market - Futures: The closing price of the egg 2509 contract yesterday was 3,378 yuan/500 kilograms, up 48 yuan or 1.44% from the previous trading day [3] - Spot: In Liaoning, the egg price was 2.80 yuan/jin, unchanged; in Shandong, it was 2.95 yuan/jin, down 0.10 yuan; in Hebei, it was 2.62 yuan/jin, unchanged [3] - Inventory: On August 6, 2025, the production - link inventory was 0.89 days, unchanged from the previous day. The circulation - link inventory was 1.18 days, up 0.02 days or 1.72% [3]

Group 1 - The ecological system of the Tibetan Plateau, characterized by an average altitude of over 4500 meters, has been significantly improved under the concept of "Lucid waters and lush mountains are invaluable assets" [1] - The establishment of the Sanjiangyuan National Park has led to better protection and restoration of rare and endangered wildlife, with the population of Tibetan antelope increasing from over 60,000 to nearly 160,000 [3][5] - The integration of clean energy projects, such as the Oumatingga Wind Farm, has transformed the region's energy landscape, providing approximately 200 million kilowatt-hours of electricity annually [7][8] Group 2 - The total output value of animal husbandry in Naqu City has grown from over 800 million yuan in 2012 to over 4 billion yuan in 2024, reflecting the success of ecological restoration and sustainable grazing practices [5] - By 2024, clean energy generation in Tibet is expected to account for over 99% of the total power supply, making it the region with the highest proportion of clean energy generation in the country [8]