Zhengbang Technology: It is estimated to incur a loss of 470-600 million yuan in 2025, with its revenue affected by the price of pigs.

Zhengbang Technology announced that it is expected to incur a net loss attributable to shareholders of the listed company of 470 million to 600 million yuan in 2025, a decrease of 317.19% to 377.26% compared to a profit of 216 million yuan in the same period last year. The non-recurring net profit loss is expected to be between 500 million and 630 million yuan, a decrease of 50.35% to 89.44% compared to a loss of 333 million yuan in the same period last year. The main reason for the decline in performance is the fluctuation in the domestic pig market prices. The company slaughtered 8.5369 million pigs, an increase of 105.87% over the same period last year, with pig sales revenue of 8.479 billion yuan, but the price per pig decreased. In addition, the company also made impairment provisions for related assets.