Zhengbang Technology said in a July 9 filing that it expects a net loss attributable to shareholders of 700 million yuan to 800 million yuan for the first half of 2026, compared with a profit of 202 million yuan a year earlier, according to Jiemian News. The company attributed the swing mainly to volatility in the hog market, with the average selling price of commercial pigs falling year on year and weighing on profitability in its hog breeding business. It also cited provisions for expected credit losses on receivables and impairment provisions on part of its inventory.