CICC believes that looking ahead to 2026, the new paradigm of the pig industry is expected to be further strengthened. In terms of the new pig price paradigm, which may continue to verify the price characteristics of shortened cycle length, amplitude convergence, and fluctuation decline, pig prices may fall moderately in 2026, and the leader may be expected to maintain profit throughout the year; in terms of the new growth paradigm, the “new growth paradigm” of pig leaders ushered in a period of opportunity, and growth and value attributes increased; in terms of the new investment paradigm, sector investment is shifting from pure cyclical thinking to balancing cycle and value thinking. The valuation system for leading enterprises with low cost and large volumes continues to be reshaped, and leading companies are expected to continue to outperform the industry.

CICC believes that looking ahead to 2026, the new paradigm of the pig industry is expected to be further strengthened. In terms of the new pig price paradigm, which may continue to verify the price characteristics of shortened cycle length, amplitude convergence, and fluctuation decline, pig prices may fall moderately in 2026, and the leader may be expected to maintain profit throughout the year; in terms of the new growth paradigm, the “new growth paradigm” of pig leaders ushered in a period of opportunity, and growth and value attributes increased; in terms of the new investment paradigm, sector investment is shifting from pure cyclical thinking to balancing cycle and value thinking. The valuation system for leading enterprises with low cost and large volumes continues to be reshaped, and leading companies are expected to continue to outperform the industry.