*ST正邦(002157) - 正邦科技投资者关系管理信息

Financial Performance - As of Q3 2024, total assets reached CNY 18.661 billion, a 6.67% increase from the beginning of the year [1] - Inventory and biological assets amounted to CNY 2.912 billion, up 68.42% year-to-date, reflecting recovery in breeding and feed operations [1] - Net profit attributable to shareholders was CNY 301 million, a significant increase of 110.67% year-on-year [1] - Revenue for the first three quarters was CNY 5.837 billion, showing a year-on-year growth of 0.89% [1] Cost Management - Operating expenses for the first three quarters were CNY 871 million, with an expected annual total of CNY 1.1 billion, a decrease of approximately 22% [1] - Financial expenses totaled CNY 132 million, including CNY 77 million related to litigation interest [1] - Production costs for weaned piglets decreased from nearly CNY 600 per head to below CNY 400 [4] - Overall production costs are expected to align with industry standards as management and technology improvements are implemented [5] Production and Operations - The company has resumed operations at 11 sow farms, increasing the breeding stock by approximately 100,000 heads, a growth of over 40% [4] - The current breeding stock stands at about 257,000 heads, with expectations to exceed 280,000 by year-end [4] - Feed sales for the first three quarters exceeded 900,000 tons, with external sales surpassing 700,000 tons [7] Future Outlook - The company anticipates stable pig prices in Q4, focusing on cost reduction and capacity utilization as core operational strategies [8] - Cash flow remains robust, with CNY 2.533 billion available at the end of Q3, supporting ongoing operations [6] - The integration with the Twin Group is progressing, with plans for asset injection within two years post-restructuring [7]