转自：新华财经 "上半年，实现营业收入27.98亿元，同比增长12.16%；归属于上市公司股东的净利润3.88亿元，同比增 长212.65%。"8月26日，云南神农农业产业集团披露2025年半年度报告，交出了一份可持续发展的"半年 答卷"。 上半年，生猪市场价格持续稳定运行，行业整体维持良好盈利水平。在此基础上，神农集团充分发挥全 产业链一体化优势，不断完善生猪产业稳健发展的长效机制，并通过多项降本增效举措，持续优化成本 结构，提升整体运营效率。 降本增效：低成本优势夯实盈利能力 "猪只健康就是最大的效益。"在神农集团董事长何祖训看来，有效的生物安全体系是降本增效的有效手 段。 多年来，神农集团聚焦科学选址、营养饲喂、生产管理、后勤保障等要素，持续在生猪养殖高安全度、 高健康度方面加大投入，让猪只健康"尽在掌握"，从源头解决生产效率和防控难题。 神农集团此前透露的信息显示，2025年上半年公司完全成本为12.4元／公斤，位列猪企成本第一梯队， 养殖成本控制能力突出。 全链协同：强化可持续发展韧性 不只养殖板块管理成效突出，报告期内，神农集团在全产业链、各环节均实现协同提升，为企业稳健发 展注入新动能。 原料采 ...

Group 1: Market Trends and Company Positioning - The pre-prepared food sector is expected to grow, with leading companies aiming for a scale of around 5 billion [2] - The average profit margin in the pre-prepared food industry is approximately 7-10%, while the company's current net profit margin is around 4-5% [2] - The company has established partnerships with over 1,000 well-known clients in the B2B sector, leveraging its first-mover advantage [2] Group 2: C-end Channel Developments - The company is focusing on new retail channels, enhancing product potential, and creating popular products through live streaming and short videos [3] - New products like "lightly marinated pig intestines" achieved sales of 10 million yuan within a month and 4.2 million yuan during a live streaming event [3] - The "fresh food record juicy meat sausage" sold over 10,000 units on its first day of online sales, ranking first in its category for two consecutive months [3] Group 3: Meat Products and Production Capacity - The company's meat products are primarily distributed through distributors, supermarkets, and e-commerce channels to the C-end [4] - The projected pig output for 2024 is 382,400 heads, with an expected increase to around 400,000 heads in 2025 [5] - The company plans to enhance sales and product structure while focusing on deep processing to improve profit margins [5] Group 4: Convertible Bonds - The company will actively promote conversion of its convertible bonds based on market conditions as they approach maturity [6]