Jiangxi Zhengbang Technology Co Ltd

Zhengbang Technology released its semi-annual report for 2026, achieving operating revenue of 7.72 billion yuan, up 12.9% year-on-year, but net profit attributable to shareholders of the listed company was a loss of 736 million yuan, swinging to a loss year-on-year. The company's second-quarter net loss was 322 million yuan, while the first-quarter net loss was 414 million yuan, with the second-quarter loss narrowing quarter-on-quarter.

Zhengbang Technology released its 2026 semi-annual report after market close on August 24. First-half operating revenue reached 7.72 billion yuan, up 12.90 percent year on year, but net profit attributable to shareholders of the listed company was negative 736 million yuan, a decline of 465.21 percent from 202 million yuan in the same period last year, swinging from profit to loss. The company said the revenue growth was mainly due to the resumption of production and continued recovery of its feed and farming businesses. Feed business revenue was 3.421 billion yuan, up 28.47 percent year on year, while farming business revenue was 4.094 billion yuan, up 0.42 percent. Affected by fluctuations in the hog market, the average selling price of commercial pigs was 5.23 yuan per jin, down 2.04 yuan per jin from the same period last year. At the same time, the company made an asset impairment provision of 386 million yuan, causing profit in the hog farming business to decline. The company plans not to distribute cash dividends, not to issue bonus shares, and not to convert capital reserves into share capital.

Zhengbang Technology announced that due to historically rare heavy rainfall in Guangxi, some pig farm assets of its controlled subsidiary suffered flood damage, with preliminary estimated losses possibly exceeding 10% of the company's audited net profit for 2025. Most Guangxi-based listed companies are operating normally, with Sun Paper, Wens Foodstuff Group, and Huaxi Nonferrous Metals all stating they have not been significantly affected. Runjian announced a donation of 3 million yuan to assist with post-disaster reconstruction.

Zhengbang Technology disclosed its earnings forecast, expecting a net loss attributable to the parent company of 700 million to 800 million yuan for the first half of 2026, compared with a profit of 202 million yuan in the same period last year, swinging from profit to loss year-on-year. During the reporting period, the company's pig farming segment sold 5.5821 million pigs, generating pig sales revenue of 4.094 billion yuan. Affected by fluctuations in the live pig market, the average selling price of commercial pigs (excluding piglets) was 5.23 yuan per jin, down 2.04 yuan per jin from the same period last year, leading to a year-on-year decline in the profit of the company's pig farming business.

On the evening of July 9, multiple listed companies on the Shanghai and Shenzhen stock exchanges issued important announcements. Hengshang Energy Conservation, citing a significant short-term share price surge, issued a risk warning stating there is irrational speculation and the price could fall rapidly at any time, and disclosed plans to acquire a 100% stake in Jinsheng Electronics, but the target company's business has not ventured into high-value-added areas, and the company faces substantial acquisition integration risks. Three Gorges New Materials plans to jointly invest approximately 2.6 billion yuan with its indirect controlling shareholder to build a Lingang automotive and electronic glass project, with the company's investment no less than 1.04 billion yuan. Zhengbang Technology estimates that asset losses caused by Super Typhoon Maysak may exceed 10% of the company's audited 2025 net profit. Azure Lithium Core plans to invest 290 million US dollars to build a 5 gigawatt-hour cylindrical lithium battery manufacturing project in Indonesia. ST Huawen applied to revoke its delisting risk warning but will continue to implement other risk warnings. Clou Electronics plans to issue shares to its controlling shareholder Midea Group in a private placement to raise no more than 2.5 billion yuan, to repay interest-bearing debt and supplement working capital. ST Yinjiang, along with its controlling shareholder, has been placed on file for investigation by the China Securities Regulatory Commission for suspected illegal information disclosure. Datang Power plans to raise no more than 8 billion yuan through a private placement for multiple power plant expansion and other projects. On the earnings front, GigaDevice expects its first-half net profit attributable to the parent company to be approximately 6.9 billion yuan, a year-on-year increase of about 1,099%, mainly due to rising volumes and prices of memory chip products. Foxconn Industrial Internet expects first-half net profit attributable to the parent company to be between 23.4 billion yuan and 24.4 billion yuan, a year-on-year increase of 93% to 101%, with revenue from AI servers for cloud service providers growing over 230% year-on-year. Zijin Mining expects first-half net profit attributable to the parent company to be approximately 39.1 billion yuan, a year-on-year increase of about 68%. In addition, several companies disclosed share increase or buyback plans: Qingmu Technology plans to buy back shares worth 20 million to 30 million yuan, Shenghang Co., Ltd.'s controlling shareholder plans to increase holdings by no more than 3.24% of total shares, and Bairun Co., Ltd.'s actual controller plans to increase holdings by 50 million to 100 million yuan. Aviation Technology signed a long-term supply agreement for aero-engine rotating parts worth approximately 240 million yuan, and Songjing Co., Ltd. signed a sales contract for battery cell insulation UV inkjet printing equipment worth approximately 30 million yuan.

Zhengbang Technology announced that in June 2026, it sold 952,700 hogs, down 1.15% month-on-month but up 39.99% year-on-year. Sales revenue was 625 million yuan, down 14.62% month-on-month and down 19.37% year-on-year. The average selling price of commercial hogs in June was 9.68 yuan per kilogram, down 3.31% from the previous month. In the first six months of 2026, cumulative hog sales reached 5,582,100 heads, up 56.07% year-on-year, with cumulative sales revenue of 4.094 billion yuan, up 0.42% year-on-year. Industry insiders noted that the company posted losses again in 2025 and the first quarter of this year, and its profit foundation remains unstable.