Tianbang Food: It is estimated to have a loss of 1.11 billion to 1.31 billion yuan by 2025, and revenue will be affected by pork prices.

Tianbang Food announced that it is expected to incur a net loss of 1.11 billion to 1.31 billion yuan attributable to shareholders of the listed company in 2025, compared to a profit of 1.459 billion yuan in the same period last year. The sales volume of commodity pigs in 2025 was 6.6635 million heads, an increase of 11.21% compared to the previous year, but the average selling price decreased by 17.85% to 14.65 yuan per kilogram. In addition, the provision for interest and pig farm expenses reduced the total profit by approximately 675 million yuan, and the provision for asset impairment reduced the total profit by 760 million to 938 million yuan. The company is in the pre-restructuring stage, and it is uncertain whether it will enter into a restructuring program, the success of the restructuring, or whether the stock will be subject to a risk warning for delisting or be delisted.