Core Viewpoint - Hunan New Wufeng Co., Ltd. is navigating the challenges of the pig cycle through flexible breeding models and refined management, achieving profitability despite industry pressures [1] Financial Performance - In the first half of the year, the company achieved a net profit of 45.23 million yuan, successfully turning a profit [1] - Revenue for the first three quarters increased by 2.27% year-on-year to 5.39 billion yuan, with pig output reaching 3.5555 million heads, a 14% increase [1] - As of the end of the third quarter, the company had cash reserves of 1.076 billion yuan, providing a buffer against industry fluctuations [1] Business Strategy - The company employs a "light asset expansion" dual-path strategy, focusing on leasing pig farms for self-breeding and deepening the "company + farmer" model [1][4] - This strategy has led to improved survival rates and cost control in pig weight gain, optimizing development quality and reducing costs [1] Operational Efficiency - The company has established a high-quality production operation system, emphasizing the internal quality and structure of capacity over mere scale expansion [2] - The "company + farmer" model has seen a significant increase in cooperative stock from 425,000 heads at the end of 2024 to 690,000 heads by mid-2025, with over 30% of total pig output coming from this model, a 225% year-on-year increase [4][5] Cost Management - The survival rate of pigs in the contract farming department reached 96%, surpassing self-breeding levels, with a reduction in weight gain costs by 0.6 to 1 yuan per kilogram compared to self-breeding [5] - The company has implemented various measures for cost control, including scientific planning of farm sizes and optimizing sow structures [6][5] Technological Innovation - The company invested 133 million yuan in R&D in the first three quarters, focusing on disease prevention and high-efficiency breeding techniques [8] - It has established several national-level disease-free zones and is actively involved in breeding new pig strains [8][10] Environmental Sustainability - The company integrates green farming concepts into its operations, ensuring compliance with environmental regulations and utilizing pig waste for agricultural benefits [9] - A partnership with a French pig company aims to enhance breeding performance and reduce costs through advanced technologies [9][10] Market Position - New Wufeng has secured 6.5 billion yuan in low-cost bank credit, strengthening its financial position during industry adjustments [12] - The market response is mixed, with some analysts optimistic about the company's model advantages, while others remain cautious due to uncertainties in pig prices [12] Competitive Advantage - The company is building core competitiveness through light asset expansion, cost control, and industry chain collaboration, positioning itself well for future growth [13]

证券代码：600975 证券简称：新五丰 公告编号：2025-041 同时，公司重视市值管理工作，结合公司实际进一步规范公司市值管理行 为，推动公司价值提升，保护公司、投资者及其他利益相关者的合法权益。 三、 坚持创新驱动，培育新质生产力 湖南新五丰股份有限公司 关于"提质增效重回报"行动方案的 半年度评估报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 湖南新五丰股份有限公司（以下简称"新五丰"或"公司"）为深入贯彻 党的二十大、二十届三中全会及中央金融工作会议精神，落实国务院《关于进 一步提高上市公司质量的意见》要求，积极响应上海证券交易所《关于开展沪 市公司"提质增效重回报"专项行动的倡议》，结合公司经营实际和发展战略， 于 2025 年 3 月 6 日经公司第六届董事会第十三次会议审议，披露了《"提质增 效重回报"行动方案》。现将行动方案半年度执行评估情况报告如下： 一、聚焦主责主业，提升经营质量 秉持"深化改革强管理，市场导向提质效"的生产经营思路，聚焦优产能、调 模式、深改革，公司治理能力和治理效能不断强化，高 ...