Agricultural Products and Services

DBN Group

DBN Group released FY2026 Q1 earnings on April 28 During-Market (BJT), actual revenue CNY 7.191 B, actual EPS CNY -0.04

DBN Group released FY2025 Q4 earnings on April 23 After-Market (BJT), actual revenue CNY 8.375 B (forecast CNY 8.004 B), actual EPS CNY -0.211 (forecast CNY 0.0297)

DBN Group released FY2025 annual earnings on April 23 After-Market (BJT), actual revenue CNY 29.12 B (forecast CNY 29.1 B), actual EPS CNY -0.15 (forecast CNY 0.1133)

DBN Group to Release FY2026 Q1 Earnings Report on April 29 During-Market BJT

DBN Group to Release FY2025 Earnings on April 24 After-Market (BJT), Forecast Revenue CNY 29.1 B, EPS CNY 0.1133

DBN Group released FY2025 Q3 earnings on October 22 After-Market (BJT), actual revenue CNY 7.184 B (forecast CNY 8.004 B), actual EPS CNY 0.0063 (forecast CNY 0.0297)

DBN Group released FY2025 9 Months earnings on October 22 After-Market (BJT), actual revenue CNY 20.74 B, actual EPS CNY 0.0567

DBN Group to Release FY2025 Q3 Earnings on October 23 After-Market (BJT), Forecast Revenue CNY 8.004 B, EPS CNY 0.0297

DBN Group released FY2025 Q2 earnings on August 27 Pre-Market (BJT), actual revenue CNY 6.694 B (forecast CNY 8.004 B), actual EPS CNY 0.0204 (forecast CNY 0.0297)

DBN Group released FY2025 Semi-Annual Earnings on August 27 Pre-Market (BJT), Actual Revenue CNY 13.56 B (Forecast CNY 13.18 B), Actual EPS CNY 0.05 (Forecast CNY 0.05)

DBN Group to Release FY2025 Semi-Annual Earnings on August 28 (BJT), Forecast Revenue CNY 13.18 B, EPS CNY 0.05

Big North Agriculture Expected to Turn Profit in First Half of 2025

Dabeinong Obtains Utility Model Patent for Feed Mill Steam Recovery Device

Dabeinong's ESG Rating Dropped to BBB

Dabeinong's Controlled and Participated Companies' Hog Sales in June 2025

DA BE NO Agriculture's South American Cooperation Progress

Dabeinong Responds to Competitiveness and Business Situation

Dabeinong Announces May 2025 Pig Sales Data

Dabeinong Exploring Order Farming Cooperation with South America

Dabeinong Registers New Ruminant Technology Software Copyright

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According to a Huatai Securities research report, the average national pig price has fallen to 8.7 yuan per kilogram, marking a new low since 2008 and resulting in an average loss of approximately 450 yuan per head for self-breeding and self-raising operations. The industry is facing deep cash flow losses, with the reduction of breeding sows already underway. It is expected that piglet supply will remain high from Q2 to Q3 2026. Industry losses and capital consumption are likely to continue, and non-linear capacity reduction could occur at any time. The report reiterates its recommendation for the pig farming sector

Wallstreetcn

New Hope

MUYUAN

WENS

HTSC

Guotai CSI Animal Husbandry ETF

Fullgoal CSI Agriculture Theme ETF

Ping An CSI Animal Husbandry ETF

China Merchants CSI Animal Husbandry ETF

Huatai Securities Co., Ltd. GDR Class A RegS

HTSC: Livestock Capacity Reduction Has Begun; Reiterates Recommendation for Pig Farming Sector

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The Ministry of Agriculture and Rural Affairs held a meeting on the coordination mechanism for the revitalization of the seed industry, emphasizing that the "14th Five-Year Plan" period is a critical phase for the revitalization of the seed industry. The meeting required all member units to strengthen collaboration, improve policies, promote overall enhancement of the seed industry, and achieve technological self-reliance and controllable seed sources

Tianhong CSI Agriculture Thematic ETF

DUNHUANG SEED

ChinaAMC CSI Agriculture Theme ETF

Winall

SDIC FENGLE

Harvest CSI Grand Agriculture ETF

CADSG

HACL

Long Ping High-Tech

SDDSC

The Ministry of Agriculture and Rural Affairs held a meeting on the coordination mechanism for the revitalization of the seed industry

According to the Zhitong Finance APP, DBN Group released its third-quarter report for 2025. In the first three quarters, the company achieved operating revenue of 20.744 billion yuan, a year-on-year increase of 2.99%. The net profit attributable to shareholders of the listed company was 257 million yuan, a year-on-year increase of 92.56%. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 179 million yuan, a year-on-year increase of 131.94%

Zhitong

DBN Group released its performance for the first three quarters, with a net profit attributable to the parent company of 257 million yuan, a year-on-year increase of 92.56%

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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

Shennong Group

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

DBN Group has launched futures hedging operations to lock in raw material costs and the selling price of live pigs, avoiding the risk of price fluctuations. In 2025, the relevant proposal was approved by the board of directors and the shareholders' meeting, stipulating that the maximum margin usage shall not exceed 300 million yuan. From January 1, 2025, to September 30, 2025, the confirmed investment income was approximately 61.034 million yuan, accounting for 17.65% of the audited net profit attributable to the parent company in the previous year

DBN Group has launched futures hedging business, with an investment income of approximately 61.034 million in the first nine months

DBN Group released the sales situation of live pigs for September 2025, with the holding company selling 373,700 live pigs and sales revenue of 541 million yuan. The sales volume increased by 6.10% month-on-month and by 33.08% year-on-year; the sales revenue increased by 3.64% month-on-month but decreased by 6.24% year-on-year. From January to September, a total of 3.1608 million live pigs were sold, an increase of 25.93% year-on-year, with cumulative sales revenue of 4.898 billion yuan, an increase of 13.96% year-on-year

DBN Group: In September, the holding company's sales revenue from live pigs was 541 million yuan

KaiYuan Securities released a research report indicating that in August, the continuous slaughter of large pigs led to a month-on-month decline in pig prices, primarily affected by weight reduction in slaughtering, retail investor sell-offs, and the impact of the epidemic. Although short-term pig prices may be suppressed by the epidemic, with the cooling temperatures and improved demand, the future pig prices are not pessimistic. It is expected that the national average selling price of live pigs in August 2025 will be 13.77 yuan/kg, a month-on-month decrease of 5.35%

Open Source Securities: In August, large pigs continued to be released for sale, and the future pig prices are not pessimistic

According to the Zhitong Finance APP, DBN Group announced that Mr. Shao Genhuo, the company's controlling shareholder and actual controller, intends to reduce his holdings of the company's shares by no more than 85.6074 million shares through block trading and centralized bidding within three months after 15 trading days from the date of this announcement, accounting for 1.99% of the company's total share capital (2.00% of the total share capital excluding shares in the repurchase special account)

DBN Group's actual controller plans to reduce holdings by no more than 1.99% of shares

DBN Group announced that its controlling shareholder, Shao Genhuo, plans to reduce his holdings by no more than 85,607,400 shares of the company within the next three months, accounting for 1.99% of the total share capital. Shao Genhuo currently holds 977,200,026 shares, accounting for 22.73% of the total share capital. The reason for the reduction is to lower financing leverage, with the shares sourced from centralized bidding purchases, rights distribution transfers, and shares held prior to the initial public offering

DBN Group: The controlling shareholder and actual controller Shao Genhuo plans to reduce his holdings by no more than 2% of the company's shares

DBN Group(002385.SZ)