Shennong Group disclosed its performance forecast, expecting a net loss attributable to the parent company of 720 million to 880 million yuan in the first half of 2026, compared with a profit of 388 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 730 million to 890 million yuan, compared with a profit of 398 million yuan in the same period last year. The company stated that during the reporting period, the average selling price of commercial pigs was about 9.90 yuan per kilogram, a decrease of about 32% compared with the same period last year. The significant year-on-year decline in pig sales prices led to a loss in the farming business. In addition, the company made impairment provisions for some inventories based on the principle of prudence.
Yunnan Shennong Agricultural Industry Group Co LtdAverage selling price of commercial pigs fell 32% YoY, causing a loss in the farming business.