Zhengbang Technology sees hog sales surge, addresses guarantee exposures

Jiangxi Zhengbang Technology reported sales of 79.07 million live hogs in September 2025, an 18.07% month-over-month increase and a 107.64% year-over-year rise. Sales revenue reached 683 million yuan, up 6.88% month-over-month and 33.35% year-over-year. The average price for commercial hogs, excluding piglets, was 12.75 yuan/kg, a 7.33% decrease from the previous month. For the first nine months of 2025, cumulative live hog sales totaled 573.21 million, a 131.43% year-over-year increase, with cumulative revenue of 6.141 billion yuan, up 98.52% year-over-year.

The company attributed the significant year-over-year growth to the gradual recovery of its operations. It also issued a risk warning regarding the inherent volatility of live hog market prices, which could materially impact its operating performance.

As of September 30, 2025, Zhengbang Technology's total guarantee exposure for itself and its subsidiaries reached 4.0122718 billion yuan, representing 21.12% of its audited total assets and 35.13% of its audited net assets for 2024. Overdue external guarantees amounted to 9.4635 million yuan, representing 0.08% of its latest audited net assets, primarily for ecological chain partners.