从总体情况来看，全国肉牛养殖规模化水平逐步提升，活畜产能基本稳定。 国家统计局数据显示，2024年中国牛期末存栏数量为10047万头，与2013年的8985.76万头相比，近11年 增长了1061.24万头、增幅约为11.81%，年均复合增长率约为1.12%；不过，同比则较2023年的10508.51 万头下降了461.51万头，降幅约4.39%。 5月13日晚间，*ST天山（300313）发布4月活畜销售情况简报，当月，该上市公司销售活畜4头，销售 收入7.05万元，环比变动分别为-33.33%、-20.89%；同比变动分别为-98.23%、-95.68%。 对此，*ST天山表示，鉴于公司现阶段面临较大的资金压力，为确保公司整体运营稳定，公司决定对上 游养殖业务实施战略性收缩调整。*ST天山称，后续待公司资金状况改善并具备发展条件时，公司将依 据市场环境及公司实际情况，适时、适度地扩大养殖规模，推动业务的持续发展。 资料显示，*ST天山主营业务中畜牧业占比约80%，畜牧业中以牛育种和肉牛养殖为主。据悉，肉牛养 殖是对资本、技术、经验、经纪、成本控制、上下游依赖性较强的行业，规模化舍饲符合我国现实情 况，行业 ...

Core Viewpoint - *ST Tianshan is implementing a strategic contraction of its upstream breeding business due to significant financial pressure, as evidenced by a drastic decline in livestock sales and revenue [1][4]. Sales Performance - In April, *ST Tianshan sold only 4 head of livestock, generating a revenue of 70,500 CNY, which represents a month-on-month decline of 33.33% in sales volume and 20.89% in revenue [2][4]. - Year-on-year comparisons show a staggering drop of 98.23% in sales volume and 95.68% in revenue [2][4]. Financial Condition - For the year 2024, *ST Tianshan reported total revenue of 138 million CNY, a slight increase of 0.07% year-on-year, but a net loss of approximately 65.95 million CNY, which is a 199.74% increase in losses compared to the previous year [4]. - In the first quarter of 2025, the company achieved a revenue of approximately 24.65 million CNY, marking a year-on-year growth of 40.5%, while the net loss was reduced to about 4.96 million CNY, a decrease in losses by 31.19% [4]. Business Strategy - The company plans to strategically reduce its breeding operations to stabilize overall operations, with intentions to expand breeding scale when financial conditions improve [4]. - Approximately 80% of *ST Tianshan's main business is in the livestock industry, primarily focusing on cattle breeding and beef cattle farming [4].