Zhengbang Technology sees soaring sales, manages guarantee activities

Jiangxi Zhengbang Technology reported a substantial increase in live hog sales for October 2025, reaching 907,800 head, a 14.82% month-on-month rise and a 67.01% year-on-year increase. Sales revenue stood at CNY 683 million. From January to October 2025, cumulative live hog sales reached 6.64 million head, up 119.84% year-on-year, with total revenue of CNY 6.824 billion, a 78.08% year-on-year increase. The company attributes this growth to the gradual recovery of its operations.

The company provided updates on its guarantee activities. As of October 31, 2025, the total guarantee exposure for the company and its subsidiaries amounted to CNY 4.0122718 billion, representing 21.12% of the 2024 audited total assets and 35.13% of the 2024 audited net assets. Guarantees for wholly-owned and controlled subsidiaries totaled CNY 239.2098 million, while external guarantees for ecological partners stood at CNY 143.3122 million.

Zhengbang Technology reported CNY 11.5659 million in overdue external guarantees, relating to financing provided for upstream and downstream partners. These partners are identified as having strong cooperative relationships with the company, and the overall risk is deemed controllable. The company emphasized that it has implemented specific measures to manage default risks and will continue to monitor and strengthen its guarantee risk management.