Chen Ke Ming Food Manufacturing (002661.SZ): In 2024, the company's sales revenue from live pigs was 401 million yuan, a year-on-year decrease of 35.29%.

Chen Ke Ming Food Manufacturing (002661.SZ) announced that its controlling subsidiary Xingjiang Muge sold 19,000 live pigs in December 2024, representing a sequential increase of 199.36% and a year-on-year decrease of 52.83%; the sales revenue was 21.9412 million yuan, with a sequential increase of 51.32% and a year-on-year decrease of 66.94%. From January to December 2024, the company sold a total of 333,200 live pigs, a decrease of 28.41% compared to the same period last year; the total sales revenue was 4.01 billion yuan, a decrease of 35.29% compared to the same period last year. The main reasons for the year-on-year decrease in pig sales quantity and revenue in 2024 were due to the company phasing out outdated production capacity and replacing them with high-quality French breed pigs. This resulted in underutilization of production capacity in 2024, leading to a decrease in live pig sales. In addition, to ensure stable cash flow, the company focused on selling piglets with good market conditions and fast turnover in the first half of 2024, which resulted in a decrease in sales of fattening pigs for the whole year.