Tiankang Bio expects a net loss attributable to the parent of 400 million to 520 million yuan for the first half of 2026, compared with a profit of 338 million yuan in the same period last year. The company slaughtered 1.8484 million hogs in the first half, up 20.95 percent year on year, but persistently low hog prices led to periodic losses in the hog farming business, while the pharmaceutical business also saw a significant decline. Earlier, the company acquired a 51 percent stake in Qiangdu Livestock for 1.275 billion yuan. After the consolidation in June, the scale of hog slaughter increased substantially, but the risk of the industry cycle has not dissipated. If hog prices continue to fall, the target's profitability will come under pressure.
Xinjiang Tecon Animal Husbandry Bio-Technology Co LtdPersistently low hog prices led to periodic losses in hog farming business.
Acquired entity faces profitability pressure if hog prices continue to fall.