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.
Jiangxi Zhengbang Technology Co LtdFirst-half net loss of 736 million yuan, swinging from profit to loss, with asset impairment provision.
