Shennong Group (605296.SH) issued a forecast loss. It is estimated that the net loss will be 720 million yuan to 880 million yuan in half a year

According to the Zhitong Finance App, Shennong Group (605296.SH) announced that the company expects to achieve a loss of 720 million yuan to 880 million yuan in net profit attributable to the owner of the parent company for the first half year of 2026, changing from profit to loss over the previous year.

During the reporting period, the average sales price of the company's commercial pigs was about 9.90 yuan/kg, down about 32% from the same period last year. Due to the sharp year-on-year drop in pig sales prices, the company's breeding business profit lost year-on-year in the first half of the year.