China Merchants CSI Animal Husbandry ETF (516670)
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China Merchants CSI Animal Husbandry ETF (516670) News
Shares of New Wufeng and New Hope hit the daily limit up! Capacity reduction targets are set to be completed by the end of September. Is the hog cycle truly returning? The underlying index of the China Merchants Livestock Breeding ETF (516670) rose by mor
Gelonghui, September 4 | In the afternoon of September 4, the live hog sector surged across the board. Shares of Tianbang Food, New Wufeng, New Hope Liuhe, and Jin Xin Nong hit their daily price limits. The underlying index of the China Merchants Livestock Breeding ETF (516670), the CSI Livestock Index, rose more than 5%, with constituent stocks such as Shennong Group, Juxing Agriculture and Animal Husbandry, and Dabeinong posting strong gains. Reportedly, this ETF has approximately 60% exposure to the hog sector and has seen consecutive quarterly inflows over the past five quarters, indicating intense market speculation regarding a turning point in the hog cycle. Recently, the livestock breeding sector has continued to perform well, bolstered by El Niño effects. Both spot and futures prices for live hogs have rebounded to some extent, and the industry has reached a critical juncture in capacity reduction, drawing significant market attention.
Sluggish live hog market drags down performance; Wens Foodstuff Group reports H1 loss exceeding RMB 4 billion | Financial Report Analysis
① The live hog market remained sluggish, with Wens Foodstuff Group reporting a net loss of RMB 4.366 billion in the first half of the year, marking a shift from profit to loss year-on-year; ② During the first half, the company's asset-liability ratio rose by more than 9 percentage points; ③ The company expressed optimism about chicken prices during the peak season in the second half of the year.
Billion-Dollar Tycoon Makes Surprise Move! Donates 33 Million Shares Gratis | Selected Post-Market Announcements
Bottled water tycoon donates tens of millions worth of shares in leading vaccine maker! Top brokerage approved to issue RMB 80 billion in corporate bonds; net profit of major strong-aroma baijiu producer nearly halved in H1... What post-market announcements deserve attention today?
Investment income triples, yet fails to offset the dual blow from fishmeal and hog prices; Haid Group sees revenue rise but profits fall in H1 | Financial Report Analysis
① Amid disruptions such as a surge in fishmeal prices and sluggish hog prices, Haid Group's net profit attributable to shareholders of the parent company for the first half of the year decreased by nearly 40% year-on-year; ② During the reporting period, the company recorded investment income of RMB 361 million, representing a year-on-year increase of 300.67%.
Lihua Shares Posts Record H1 Revenue but Still Incurs Losses Exceeding RMB 70 Million; Divergent Performance in Pig and Chicken Segments | Financial Report Analysis
① Lihua Shares recorded a historic high in semi-annual revenue, yet posted a loss exceeding RMB 70 million; ② Divergent performance between the pig and chicken segments was the primary driver of the loss, with the company expecting market conditions for yellow-feathered broilers to improve in the second half of the year.
Behind the Cycle: Pig Farming Companies Remain Loss-Making Despite Price Recovery; Piglet Prices Enter "Deep Freeze," Potentially Accelerating Capacity Reduction | Industry Watch
1. Piglet prices have fallen below the cost line. According to piglet brokers, 7kg piglets from major companies are currently priced at approximately RMB 160–180 per head; 2. Live hog prices have rebounded to RMB 11.21/kg, but the industry remains in a loss-making position; 3. Industry insiders believe that capacity reduction in the live hog sector is likely to continue and accelerate, though attention should be paid to the offsetting effects resulting from improvements in PSY (pigs saved per sow per year).
Securities industry 'three-in-one' restructuring to undergo regulatory review on August 27 | Selected Post-Market Announcements
CICC has made new progress in its "three-in-one" restructuring; the net profit of a leading A-share semiconductor equipment manufacturer surged 13.24-fold year-on-year in the first half of the year; and a leading optical communications company with a market capitalization of RMB 570 billion plans to launch a restricted stock incentive plan for 2026.
Muyuan posted a loss of over RMB 6 billion in the first half of the year, as the prolonged bottoming of pig prices continues to test cost management.
With hog prices remaining at persistently low levels, Muyuan Foods has returned to a loss-making position. On August 20, Muyuan Foods released its semi-annual report. In the first half of the year, the company reported operating revenue of RMB 59.41 billion, a year-on-year decrease of 22.3%; net profit attributable to shareholders was a loss of RMB 6.078 billion, compared to a profit of RMB 10.53 billion in the same period last year; net cash flow from operating activities shifted from RMB 17.351 billion to negative RMB 2.224 billion. The deterioration in performance was primarily driven by falling hog prices. Data from the National Bureau of Statistics shows that national live hog prices fell by 23.1% year-on-year in the first half of the year. During the same period, pork production still increased by 3.3%, and the number of hogs slaughtered rose by 1.7%, indicating that supply-side pressures have not yet eased significantly.
Sluggish pork prices drag down performance; Muyuan Shares reports H1 net loss of CNY 6.08 billion as operating cash flow turns negative | Financial Report Insights
Muyuan Shares reported H1 operating revenue of RMB 59.41 billion, a year-on-year decrease of 22.3%. Net profit attributable to shareholders of the listed company was a loss of RMB 6.08 billion, compared with a profit of RMB 10.53 billion in the same period last year, representing a year-on-year swing into loss of 157.7%. Since the beginning of this year, the average selling price of Muyuan's commercial hogs has remained at low levels, which has been the core driver behind the substantial loss in the first half of the year.
Niche sectors attract significant capital inflows! Sixty percent of stocks in the sector hit their daily price limits, margin balances rebounded within the month, and a review of changes in shareholdings is provided.
① Today, the crop cultivation sector surged by 9.5%, ranking first among Shenwan Level-2 subsectors in terms of gains, while also marking its largest single-day increase since April 8, 2025. ② Twenty-two stocks in the agriculture, forestry, animal husbandry, and fishing sector hit their daily upper price limits today; among these, the crop cultivation subsector accounted for the absolute majority with 13 stocks hitting the limit. ③ Forty-two stocks in the agriculture, forestry, animal husbandry, and fishing sector saw increased margin buying positions within the month, representing nearly 60% of the sector.
Day-old chick prices soar, broiler chicken prices show slight recovery—has the white-feathered broiler market turned a corner? Industry insiders say the outlook hinges on consumer demand recovery.
① On the 12th, a major poultry hatchery in Shandong quoted chick prices at RMB 4.0 per bird, up RMB 0.7 per bird from early-month levels, with live chicken prices also rising; ② Listed companies involved in chick production are relatively optimistic about future market conditions. Yisheng Corporation stated that chick prices have further upside potential; ③ In contrast, market participants on the chicken meat side remain cautious, generally noting that current production capacity is abundant and that future price trends will depend on the pace of consumption recovery.
Nationwide Breeding Sows Down by Nearly 3 Million—Why Is Pork Price Still Struggling Around RMB 10? Most Pig Producers Report Losses Again in July | Industry Update
① According to year-on-year data, most hog producers saw a significant decline in live hog sales revenue in July due to falling hog prices; ② To accelerate cash recovery, some hog producers increased the proportion of piglet sales.
Nine consecutive limit-up "speculative stock": trading halt review completed; resumes trading tomorrow! | Selected Post-Market Announcements
The nine-limit-up "speculative stock" will resume trading starting tomorrow! The "innovative drug leader" reported a 151% year-over-year surge in net profit for Q2; a major photovoltaic company will be removed from the special treatment list and halt trading for one day...
Foreign investors conducted intensive research on 127 companies, with the technology industry chain remaining at the top of their research focus—how do foreign investors view A-shares?
① Since July, 173 foreign-invested institutions have conducted research visits to 127 A-share companies, amounting to a total of 719 institution-company interactions; ② Montage Technology and Dongpeng Beverage attracted the most attention, with electronics, semiconductors, and communications equipment remaining key research focuses; ③ Foreign institutions such as JPMorgan and AllianceBernstein continue to monitor the Chinese market, expressing optimism toward AI, corporate governance, and dividend-related opportunities.
Muyuan forecasts a net loss of RMB 5.7 billion to RMB 6.7 billion for the first half of the year, with cost reductions and its slaughtering business providing a buffer.
Continued cost reduction
Net profit surges up to 24-fold year-over-year! Leading $120 billion memory chip company releases interim earnings forecast | Post-market Announcement Highlights
Fenghua High-Tech: Q2 net profit is expected to increase by 104%–138% quarter-over-quarter, driven by year-over-year growth in sales volume and unit prices of core products such as MLCCs.
Listed pig producers reported cumulative hog sales exceeding 85 million head in the first half of the year, with industry leaders hitting the brakes—when will the cycle turn? | Industry Update
① According to statistics compiled by Cailian Press reporters, the combined pig sales volume of 14 listed hog producers that have disclosed their monthly sales reports exceeded 85 million head in the first half of 2026, roughly flat compared to the same period last year; ② Leading hog producers have significantly slowed their sales pace.
Pork prices have risen for the eleventh consecutive time—could this be the moment to step into the 'pig cycle'? Analysts are sharply divided.
Pork prices have risen for eleven consecutive weeks, surging over 20%, thrusting the hog farming sector back into the spotlight. However, institutions are divided on whether this marks a rebound or a genuine reversal. Optimists point to deep industry losses, sustained declines in the breeding sow herd, and government-driven production cuts, arguing that a cyclical inflection point is approaching. Cautious analysts warn that secondary fattening merely 'defers supply,' and with weak seasonal demand coinciding with increased output from large-scale producers, pork prices still face downside risks. Entering the 'hog complex' may still represent a left-tail trade.
Pre-Market News Brief for A-Shares (2026-07-07)
Mini Program: Pre-market News Briefing for A-share Market Key News 1. Unitree Technology's STAR Market IPO Registration Takes Effect The Shanghai Stock Exchange announced that the review status of Unitree Technology Co., Ltd.'s IPO on the STAR Market has been updated to 'registration effective,' with China International Capital Corporation Limited (CICC) serving as the sponsor. 2. Hog Prices Rebound, Returning to the CNY 10-per-Kilogram Range Hog prices are experiencing a short-term strong rebound. According to data from Pig333.cn, the national average price for foreign-breed hogs rose from CNY 9.47 per kilogram on June 26 to CNY 11.06 per kilogram on July 6, marking ten consecutive days of increases and a cumulative gain of CNY 1.59 per kilogram, or approximately 16.8%. This means that previously
Q2 net profit surges 114%–240% quarter-over-quarter! Leading fiber-optic company with nearly RMB 80 billion market cap releases H1 earnings forecast | Post-market Announcement Roundup
China Merchants Energy Shipping: Net profit for the first half of the year is expected to increase by 214%–248% year-on-year, as the international tanker shipping market enters a super boom cycle, with freight rates on certain routes reaching record highs.