Packaged Foods and Meats

Shennong Group

Shennong Group released FY2025 Q4 earnings on April 24 During-Market (BJT), actual revenue CNY 1.428 B, actual EPS CNY -0.2313

Shennong Group released FY2026 Q1 earnings on April 24 After-Market (BJT), actual revenue CNY 1.322 B, actual EPS CNY -1.25

Shennong Group released FY2025 earnings on April 24 During-Market (BJT), actual revenue CNY 5.352 B (forecast CNY 6.711 B), actual EPS CNY 0.65 (forecast CNY 0.9966)

Shennong Group FY2026 Q1 Earnings Release on April 25 After-Market (BJT)

Shennong Group to release FY2025 earnings on April 25 During-Market BJT, forecast revenue CNY 6.711 B, EPS CNY 0.9966

Shennong Group FY2025 Q3 Earnings Release on October 28 After-Market (BJT)

Shennong Group released FY2025 9 Months Earnings on October 13 After-Market (BJT), actual revenue CNY 3.923 B, actual EPS CNY 0.891

Shennong Group released FY2025 Q3 earnings on October 13 After-Market BJT, actual revenue CNY 1.126 B, actual EPS CNY 0.1417

Shennong Group released FY2025 Q2 earnings on August 26 During-Market (BJT), actual revenue CNY 1.326 B, actual EPS CNY 0.3092

Shennong Group released FY2025 Semi-Annual Earnings on August 26 During-Market (BJT), actual revenue CNY 2.798 B, actual EPS CNY 0.75

Shennong Group FY2025 Semi-Annual Earnings Release on August 27, 2025 (BJT)

Shennong Group Terminates 2024 A-Share Stock Issuance

Shennong Group's stock rises with Huaxin Securities giving a buy rating

Shennong Group Anticipates Significant Profit Growth for H1 2025

Shennong Group sold 219,000 pigs in June 2025

Shennong Group Wholly Holds Yunnan Shennong Pig Industry

Shennong Group Plans to Invest 550 Million Yuan in Pig Breeding Projects

Huaxin Securities Gives Buy Rating to Shennong Group

Huaxin Securities Research Report Gives Buy Rating to Shen Nong Group

Shennong Group Reports Impressive 2024 Annual and 2025Q1 Results

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Barchart Option

Ping An CSI Animal Husbandry ETF

WENS

New Hope

MUYUAN

Penghua CSI Animal Husbandry ETF

China Merchants CSI Animal Husbandry ETF

Guotai CSI Animal Husbandry ETF

Huatong Meat

Aonong Group

Tyson Foods

LESHAN GIANTSTAR FARMING&HUSBANDRY

Hogs Leaking Lower at Midday

Shennong Group announced that the company will conduct a share repurchase from November 16, 2024, to November 15, 2025, with a total funding amount of 100 million to 200 million yuan, for employee stock ownership or equity incentives. As of October 31, 2025, a total of 6.5806 million shares have been repurchased, accounting for 1.25% of the total share capital, with a total payment amount of 179.9841 million yuan, and the repurchase price ranging from 24.68 to 29.20 yuan per share. No repurchase was implemented in October 2025

Zhitong

Shennong Group: Has cumulatively spent 180 million yuan to repurchase 1.25% of its shares

According to the Zhitong Finance APP, Shennong Group disclosed its third-quarter report for 2025. The company achieved revenue of 3.923 billion yuan in the first three quarters, a year-on-year decrease of 3.79%; net profit attributable to the parent company was 462 million yuan, a year-on-year decrease of 3.89%; net profit excluding non-recurring gains and losses was 433 million yuan, a year-on-year decrease of 12.56%; basic earnings per share were 0.89 yuan

Shennong Group released its performance for the first three quarters, with a net profit attributable to the parent company of 462 million yuan, a year-on-year decrease of 3.89%

AVIC Securities released a research report indicating that the number of breeding sows decreased in September, the pig farming industry continues to incur losses, and pig prices are at historically low levels. The profit from purchasing piglets for breeding is a loss of 289.07 yuan per head, while the profit from self-breeding and self-raising is a loss of 185.68 yuan per head. Despite the industry's losses, the medium to long-term allocation value of the pig sector remains significant, with high-quality breeding enterprises focusing on shareholder returns, and the long-term dividend attributes are expected to strengthen

China Aviation Securities: In September, the official breeding sows were adjusted downwards, and the losses in pig farming continued

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KaiYuan Securities released a research report indicating that pig prices continue to decline, and losses in pig farming are intensifying. It is expected that the national average selling price of live pigs will be 13.10 yuan/kg in September 2025, a year-on-year decrease of 30.90%. The slaughtering plan for October shows a month-on-month increase, but pig prices still face pressure in the short term. Currently, after a significant drop, pig prices may stabilize in the short term, while factors such as policies and diseases may accelerate the reduction of breeding stock. The price of piglets has fallen below 300 yuan/head, leading to dual losses in pig farming

KINGKEY SMART AGRI

DBN Group

Open Source Securities: Pig prices fell more than expected, and the destocking of breeding sows may accelerate

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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

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

Dongfang Securities released a research report indicating that the pig industry is facing dual pressures, with pig prices continuing to weaken and production capacity expected to be stimulated under policy drives. Currently, the price of fat pigs is close to 11 yuan/kg, and the price of piglets has fallen below 200 yuan/head, leading the industry into comprehensive losses. It is expected that prices will further decline in the future, and the volume of pig slaughter will remain high before 2026. Policy restrictions on the production capacity of leading enterprises may promote capacity reduction in the industry, aiding in the long-term rise of pig prices

Dongfang Securities: The hog industry suffers deep losses and accelerates capacity reduction

In September 2025, Shennong Group sold 229,000 live pigs, generating sales revenue of 364 million yuan. The average selling price of commercial pigs was 12.82 yuan/kg, a decrease of 7.57% compared to August. From January to September 2025, the company sold a total of 2.1096 million live pigs, with sales revenue of 3.48 billion yuan

In September, Shennong Group's sales revenue from live pigs was 364 million yuan

Dongxing Securities Co., Ltd. released a research report indicating that pig prices continued to decline in August, with the average price dropping below 14 yuan/kg, and further falling to 12.82 yuan/kg in September, the lowest level in three years. In terms of policy, the Ministry of Agriculture and Rural Affairs and the National Development and Reform Commission held a meeting on September 16, emphasizing their determination to "reduce production capacity and stabilize pig prices," with regulatory targets entering a comprehensive implementation phase. Regarding supply and demand, the market faced significant supply pressure in August, and demand was weak due to high temperatures. Capacity regulation remains the core focus for the future, with high-quality capacity expected to maintain profitability

Dongxing Securities: Pig prices continue to decline, and policy regulation is further strengthened

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China Galaxy Securities released a research report indicating that the concentration of the pig industry will accelerate in the first half of 2025, with 15 listed pig companies collectively slaughtering 96.62 million pigs, achieving a market share of 26.4%, a record high. Despite the continuous decline in pig prices, excellent pig companies still maintain profitability through cost optimization. It is expected that the pig price trend will fluctuate in 2025, with overall demand continuing to expand, but the supply side will accelerate after August

LIHUA

China Galaxy Securities: Industry concentration is accelerating, and pig prices continue to hit annual lows

Shennong Group(605296.SH)