Packaged Foods and Meats

TRS released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 5.379 B, actual EPS CNY -0.4396

TRS released FY2025 Q4 earnings on April 28 During-Market (BJT), actual revenue CNY 5.629 B, actual EPS CNY -0.571

TRS released FY2025 earnings on April 28 During-Market (BJT), actual revenue CNY 24.21 B (forecast CNY 26.08 B), actual EPS CNY -0.831 (forecast CNY 0.05)

TRS to Release FY2025 Earnings on April 29 During-Market (BJT), Forecast Revenue CNY 26.08 B, EPS CNY 0.05

TRS FY2026 Q1 Earning Release on April 29 During-Market (BJT)

TRS released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue CNY 6.118 B, actual EPS CNY -0.2146

TRS released FY2025 9 Months Earnings on October 30 After-Market (BJT), actual revenue CNY 18.59 B, actual EPS CNY -0.2564

TRS to Release FY2025 Q3 Earnings on October 31 After-Market (BJT)

TRS released FY2025 Q2 earnings on August 29 After-Market (BJT), actual revenue CNY 6.494 B, actual EPS CNY 0.012

TRS released FY2025 Semi-Annual Earnings on August 29 After-Market (BJT), Actual Revenue: CNY 12.47 B, Actual EPS: CNY -0.042

TRS FY2025 Semi-Annual Earnings Release on August 30, 2025 (BJT)

Tangrenshen Expected to Report Net Loss in First Half of 2025

Tangrenshen's June 2025 Hog Sales Up 40.78% YoY

Tangren Shen's ESG Rating Remains CCC

Tangrenshen's Pig Sales Volume in May 2025 Increased by 47.69% Year-over-Year

Tangrenshen Sees Decline in Feed Revenue in 2024, Actively Responding

Tangrenshen's Pig Sales Volume Increased by 37.98% in April 2025

Tangrenshen Explains Q1 Gross Margin Below Industry Average and Tariff Impact

Tangrenshen sees improvement in feed business and reduced breeding costs

Tangrenshen Explains First Quarter Loss Reasons

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002567

The Development and Reform Commission of Loudi City, Hunan Province, conducted a survey on pig prices, focusing on breeding, slaughter, and sales segments to assess pig inventory, piglet prices, and feed costs. The survey revealed that the current pig market is oversupplied with low prices, causing financial pressure on breeders. Investigators analyzed the causes, promoted policies to ensure supply and stabilize prices, and urged business entities to regulate their pricing behavior. Moving forward, enhanced monitoring will be implemented, key indicators will be tracked, and data support and decision-making references will be provided for the pig industry

Wallstreetcn

MUYUAN

WENS

ZHENGBANG TECHNOLOGY

CAHIC

New Hope

HKAIT

China Merchants CSI Animal Husbandry ETF

Ping An CSI Animal Husbandry ETF

China Universal CSI Livestock Breeding Industry ETF

Penghua CSI Animal Husbandry ETF

Guotai CSI Animal Husbandry ETF

Loudi City Development and Reform Commission of Hunan Province Conducts In-depth Research on Pig Prices

According to the Qichacha APP, recently, Shaoguan Shaotang No. 2 Agricultural and Animal Husbandry Equity Investment Fund Co., Ltd. was established with a registered capital of 120 million yuan. Its business scope includes engaging in equity investment, investment management, asset management, and other activities through private equity funds. Qichacha's equity penetration shows that the company is jointly held by TRS and others

Zhitong

TRS and others established an agricultural and animal husbandry equity investment fund company in Shaoguan

TRS announced that as of October 22, 2025, the company has cumulatively repurchased 9.9611 million shares through a dedicated securities account for share repurchase via centralized bidding, accounting for 0.70% of the company's current total share capital, with a highest transaction price of 5.52 yuan/share and a lowest transaction price of 4.68 yuan/share, totaling a transaction amount of 50.097 million yuan. The amount repurchased by the company has reached the lower limit of the repurchase amount in the repurchase plan, and this repurchase plan has been completed. The repurchased shares are intended to be used for implementing equity incentives or employee stock ownership plans

TRS: Cumulatively repurchased 9,961,100 shares of the company

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Guangfa Securities released a research report indicating that the overall slaughter volume of listed pig companies in September decreased by 6.3% month-on-month, but increased by 26.3% year-on-year. Currently, the national pig price is about 11 yuan/kg, and the industry is experiencing overall losses, with piglet prices dropping by 43.5%. It is expected that the off-season for replenishment will continue to show a sluggish trend in the next 1-2 months, and the reduction of live pig production capacity is likely to accelerate. In terms of the slaughter volume of listed companies, the overall slaughter volume in the first three quarters increased by 30.7% year-on-year

Shennong Group

Guangfa Securities: In September, the overall output of pig companies listed maintained growth, focusing on potential catalytic factors in the industry

TRS announced that the sales revenue of live pigs in September 2025 was 639 million yuan, a year-on-year decrease of 4.17%. The sales volume of live pigs in September 2025 was 410,900 heads, a year-on-year increase of 28.33%. The cumulative sales volume of live pigs from January to September 2025 was 3.7622 million heads, a year-on-year increase of 34.78%, with sales revenue of 6.395 billion yuan, a year-on-year increase of 30.18%

In September, TRS's sales revenue from live pigs was 639 million yuan, a year-on-year decrease of 4.17%

TRS stated on the interactive platform that the company has currently supplied some meat products to Pang Donglai through distributors and aims to supply more categories in the future

TRS: The company has currently supplied some meat products to Pang Donglai through distributors

TRS announced that the sales volume of live pigs in August 2025 was 406,100 heads, an increase of 33.85% year-on-year. The sales revenue was 682.29 million yuan, a decrease of 0.92% year-on-year. From January to August 2025, the cumulative sales volume of live pigs was 3.3513 million heads, an increase of 35.61% year-on-year; the sales revenue was 5.75591 billion yuan, an increase of 35.57% year-on-year

TRS: August pork sales increased by 33.85% year-on-year

On September 4th, TRS stated on the interactive platform that the company's breeding boars and sows are continuously being upgraded in quality, and it is expected that by the end of the year, the sow capacity utilization rate will reach over 90%, with the self-supplied piglet ratio reaching over 80%

TRS: It is expected that the sow capacity utilization rate will reach over 90% by the end of the year

According to the Zhitong Finance APP, TRS released its semi-annual report for 2025, showing an operating income of 12.468 billion yuan, a year-on-year increase of 15.05%. The net loss attributable to shareholders of the listed company was 59.9246 million yuan. The net loss attributable to shareholders of the listed company, excluding non-recurring gains and losses, was 58.9287 million yuan. The basic loss per share was 0.042 yuan

TRS released its half-year performance, turning from profit to a loss of 59.9246 million yuan

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Western Securities released a research report stating that the slaughter volume of pig companies listed in July 2025 is expected to increase by 31.36% year-on-year, but decrease by 4.59% month-on-month. Despite the increase in slaughter volume, the overall revenue has decreased by 6.64% month-on-month due to low pig prices. It is recommended to focus on leading companies with strong certainty in slaughter growth, such as MUYUAN. The operating revenue of pig companies listed in July was 24.647 billion yuan, a year-on-year decrease of 9.85%

Western Securities

Western Securities: In July, the pig farming companies listed saw a year-on-year increase in output, but a month-on-month decline. Recommended stocks include MUYUAN and others

TRS(002567.SZ)