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Monthly hog & broiler sales reports月度生猪与肉鸡销售报告
30 · 2024-01-05 → 2026-06-05
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Regular monthly and annual sales volume, revenue, and price data for hogs and broilers.定期发布的生猪和肉鸡月度及年度销量、收入和价格数据。
2024-01-05Wens announced December 2023 sales: 296.67 million pigs (up 58.38% YoY), revenue 4.607 billion yuan, average price 13.70 yuan/kg (down 27.13% YoY); 103.53 million broilers (up 5.45% YoY), revenue 3.005 billion yuan, average price 13.33 yuan/kg (down 0.37% YoY).温氏股份公布2023年12月销售数据：肉猪296.67万头（同比增58.38%），收入46.07亿元，均价13.70元/公斤（同比降27.13%）；肉鸡1.0353亿只（同比增5.45%），收入30.05亿元，均价13.33元/公斤（同比降0.37%）。
2024-01-05Wens announced full-year 2023 sales: 2626.22 million pigs (up 46.65% YoY), revenue 46.256 billion yuan, average price 14.81 yuan/kg (down 22.26% YoY); 1.183 billion broilers (up 9.51% YoY), revenue 34.695 billion yuan, average price 13.69 yuan/kg (down 11.51% YoY).温氏股份公布2023年全年销售数据：肉猪2626.22万头（同比增46.65%），收入462.56亿元，均价14.81元/公斤（同比降22.26%）；肉鸡11.83亿只（同比增9.51%），收入346.95亿元，均价13.69元/公斤（同比降11.51%）。
2024-02-05Wens reported January 2024 sales: 2.6374 million hogs (42.43 billion yuan revenue, avg price 13.76 yuan/kg); 99.8908 million broilers (27.85 billion yuan revenue, avg price 12.65 yuan/kg). Hog sales up 66.18% YoY, broiler sales up 16.73% YoY.温氏2024年1月销售肉猪263.74万头（收入42.43亿元，均价13.76元/公斤），肉鸡9989.08万只（收入27.85亿元，均价12.65元/公斤），生猪销量同比增66.18%，肉鸡销量同比增16.73%。
2024-03-05Wens announced February 2024 sales: live pigs 1.9221 million head, revenue 3.338 billion yuan, average price 14.29 yuan/kg; broiler chickens 69.7015 million head, revenue 2.082 billion yuan, average price 13.59 yuan/kg.温氏股份公告2024年2月销售肉猪192.21万头，收入33.38亿元，均价14.29元/公斤；销售肉鸡6970.15万只，收入20.82亿元，均价13.59元/公斤。
2024-04-09Wens reported Mar 2024 sales: 262.05 million hogs (live + fresh), revenue 4.727 billion yuan, avg price 14.73 yuan/kg; MoM changes +36.34%, +41.61%, +3.08%; YoY changes +26.42%, +26.02%, -3.09%.温氏公布2024年3月销售肉猪262.05万头，收入47.27亿元，均价14.73元/公斤，环比分别变动36.34%、41.61%、3.08%，同比分别变动26.42%、26.02%、-3.09%。
2024-04-09Wens reported Mar 2024 broiler sales: 97.596 million birds, revenue 2.785 billion yuan, avg price 12.98 yuan/kg; MoM changes +40.02%, +33.77%, -4.49%; YoY changes +1.77%, -2.79%, -2.70%.温氏公布2024年3月销售肉鸡9759.60万只，收入27.85亿元，均价12.98元/公斤，环比分别变动40.02%、33.77%、-4.49%，同比分别变动1.77%、-2.79%、-2.70%。
2024-05-07Wens announced April 2024 sales: 2.4829 million live pigs (revenue 4.675 billion yuan, avg price 15.18 yuan/kg) and 93.6438 million broiler chickens (revenue 2.677 billion yuan, avg price 13.21 yuan/kg). Pig sales revenue up 25.57% YoY.温氏股份公告2024年4月销售肉猪248.29万头（收入46.75亿元，均价15.18元/公斤）和肉鸡9364.38万只（收入26.77亿元，均价13.21元/公斤）。生猪销售收入同比增长25.57%。
2024-06-05Wens announced May 2024 sales: 237.89k pigs (CNY 4.66bn, avg price 15.83/kg) and 94.22m broilers (CNY 2.72bn, avg price 13.83/kg); pig sales +13.63% YoY, broiler sales +2.17% YoY.温氏股份公布2024年5月销售数据：销售肉猪237.89万头（收入46.60亿元，均价15.83元/公斤）和肉鸡9421.86万只（收入27.19亿元，均价13.83元/公斤）；生猪销量同比增13.63%，肉鸡销量同比增2.17%。
2024-07-10June 2024 sales: 92.4956 million broiler chickens (revenue 2.625 billion yuan, avg price 13.68 yuan/kg); 2.3325 million fattening pigs (revenue 5.201 billion yuan, avg price 18.10 yuan/kg). Pig revenue up 50.10% YoY.2024年6月销售肉鸡9249.56万只（收入26.25亿元，均价13.68元/公斤）；肉猪233.25万头（收入52.01亿元，均价18.10元/公斤），肉猪收入同比增50.10%。
2024-08-06Wens released July 2024 main product sales: 232.33 million pigs sold (revenue 5.343 billion yuan, avg price 18.95 yuan/kg, up 51.19% YoY); 97.3023 million broilers sold (revenue 2.627 billion yuan, avg price 13.20 yuan/kg).温氏股份发布2024年7月主产品销售简报：销售肉猪232.33万头（收入53.43亿元，均价18.95元/公斤，同比增51.19%）；销售肉鸡9730.23万只（收入26.27亿元，均价13.20元/公斤）。
2024-09-06Wens announced August 2024 sales: 235.40 million head of live pigs (revenue 5.863 billion yuan, avg price 20.45 yuan/kg, up 42.27% YoY) and 108.6656 million broiler chickens (revenue 2.977 billion yuan, avg price 13.21 yuan/kg, down 12.34% YoY).温氏股份公布2024年8月销售数据：肉猪235.40万头（收入58.63亿元，均价20.45元/公斤，同比增42.27%），肉鸡1.086656亿只（收入29.77亿元，均价13.21元/公斤，同比降12.34%）。
2024-10-08September 2024 operating data: sold 11.7037 million broiler chickens (revenue 3.186 billion yuan, avg price 13.03 yuan/kg, MoM +7.70%/+7.02%/-1.36%, YoY +9.39%/-7.28%/-15.33%); sold 2.5105 million fattening pigs (revenue 5.864 billion yuan, avg price 19.05 yuan/kg, MoM +6.65%/+0.02%/-6.85%, YoY +10.84%/+34.22%/+17.45%); sold 55,000 piglets.2024年9月经营数据：销售肉鸡1170.37万只（收入31.86亿元，均价13.03元/公斤，环比+7.70%/+7.02%/-1.36%，同比+9.39%/-7.28%/-15.33%）；销售肉猪251.05万头（收入58.64亿元，均价19.05元/公斤，环比+6.65%/+0.02%/-6.85%，同比+10.84%/+34.22%/+17.45%）；销售仔猪5.50万头。
2024-11-05Oct 2024 operating data: sold 2.672 million hogs for 5.812 billion yuan (avg price 17.64 yuan/kg), up 11.54% YoY in volume and 32.36% YoY in revenue; sold 118.82 million broilers for 3.304 billion yuan (avg price 13.33 yuan/kg), up 6.99% YoY in volume but down 3.28% YoY in revenue.2024年10月经营数据：销售肉猪267.2万头，收入58.12亿元（均价17.64元/公斤），销量同比增11.54%，收入同比增32.36%；销售肉鸡1.188亿只，收入33.04亿元（均价13.33元/公斤），销量同比增6.99%，收入同比降3.28%。
2024-12-05Nov 2024 operating data: sold 290.80 million hogs (revenue 6.059 billion yuan, avg price 16.71 yuan/kg, +12.98% YoY in volume, +34.94% YoY in revenue); sold 110.88 million broilers (revenue 3.017 billion yuan, avg price 12.74 yuan/kg, +3.57% YoY in volume, -4.77% YoY in revenue); sold 21.3379 million white-feathered chicks and 104,300 piglets.2024年11月经营数据：销售肉猪290.80万头（收入60.59亿元，均价16.71元/公斤，同比量增12.98%、收入增34.94%）；销售肉鸡1.11亿只（收入30.17亿元，均价12.74元/公斤，同比量增3.57%、收入降4.77%）；销售白羽鸡苗2133.79万只、仔猪10.43万头。
2025-01-06Reported December 2024 sales: 1.078 billion broiler chickens (revenue 2.743 billion yuan, avg price 11.62 yuan/kg); 3.0407 million hogs (revenue 5.968 billion yuan, avg price 15.89 yuan/kg). Full-year 2024: 12.08 billion broilers (revenue 33.527 billion yuan), 30.1827 million hogs (revenue 61.753 billion yuan).披露2024年12月销售数据：肉鸡1.08亿只（收入27.43亿元，均价11.62元/公斤）；肉猪304.07万头（收入59.68亿元，均价15.89元/公斤）。2024年度：肉鸡12.08亿只（收入335.27亿元），肉猪3018.27万头（收入617.53亿元）。
2025-02-10Wens reported January 2025 operating data: live hog sales 2.8997 million head (revenue RMB 5.349 billion, avg price RMB 15.77/kg, YoY +9.95%/+26.07%/+14.61%); broiler sales 94.6376 million head (revenue RMB 2.369 billion, avg price RMB 11.40/kg, YoY -5.26%/-14.94%/-9.88%).温氏股份披露2025年1月销售数据：销售生猪289.97万头（收入53.49亿元，均价15.77元/公斤，同比+9.95%/+26.07%/+14.61%）；销售肉鸡9463.76万只（收入23.69亿元，均价11.40元/公斤，同比-5.26%/-14.94%/-9.88%）。
2025-03-07Wens announced February 2025 sales: 82.22 million chickens (revenue RMB 1.955 billion, avg price RMB 10.43/kg) and 2.598 million pigs (revenue RMB 4.686 billion, avg price RMB 14.96/kg). Pig sales volume +35.18% YoY, revenue +40.38% YoY.温氏股份公布2025年2月销售数据：肉鸡8221.97万只（收入19.55亿元，均价10.43元/公斤），生猪259.83万头（收入46.86亿元，均价14.96元/公斤）。生猪销量同比+35.18%，收入同比+40.38%。
2025-04-08March 2025 operating data: sold 3.0955 million hogs (revenue 5.441 billion yuan, avg price 14.87 yuan/kg) and 104.7308 million broilers (revenue 2.520 billion yuan, avg price 10.89 yuan/kg).2025年3月主产品销售数据：销售生猪309.55万头（收入54.41亿元，均价14.87元/公斤），销售肉鸡10473.08万只（收入25.20亿元，均价10.89元/公斤）。
2025-05-07April 2025 operating data: sold 317.57 million pigs (revenue 5.545 billion yuan, avg price 14.92 yuan/kg, +27.90% YoY in volume) and 103.82 million broilers (revenue 2.543 billion yuan, avg price 11.24 yuan/kg, +10.87% YoY in volume).2025年4月销售数据：销售生猪317.57万头（收入55.45亿元，均价14.92元/公斤，同比+27.90%），销售肉鸡1.0382亿只（收入25.43亿元，均价11.24元/公斤，同比+10.87%）。
2025-06-05May 2025 monthly sales: live pigs 3.1554 million head, revenue 5.323 billion yuan, avg price 14.68 yuan/kg; broilers 107.99 million birds, revenue 2.495 billion yuan, avg price 10.75 yuan/kg.2025年5月销售月报：生猪315.54万头，收入53.23亿元，均价14.68元/公斤；肉鸡1.08亿只，收入24.95亿元，均价10.75元/公斤。
2025-07-07June 2025 operating data: sold 300.73 million pigs (270.39 million fat pigs & fresh, 30.34 million piglets), revenue 4.920 billion yuan, average pig price 14.39 yuan/kg; sold 104.3232 million broilers, revenue 2.288 billion yuan, average broiler price 10.29 yuan/kg.2025年6月经营数据：销售生猪300.73万头（毛猪鲜品270.39万头，仔猪30.34万头），收入49.20亿元，毛猪均价14.39元/公斤；销售肉鸡10432.32万只，收入22.88亿元，毛鸡均价10.29元/公斤。
2025-08-06Wens Foodstuffs reported July 2025 sales: 110.94 million broiler chickens (including毛鸡, fresh and cooked), revenue 2.316 billion yuan, average price 9.89 yuan/kg; 11.10 million white-feathered chicks; 3.1648 million hogs (2.6458 million毛猪 and fresh, 519,000 piglets), revenue 4.877 billion yuan, average price 14.58 yuan/kg. Hog sales volume up 36.22% year-on-year due to increased pre-stocking and external piglet sales.温氏股份披露2025年7月销售数据：肉鸡11,094.39万只，收入23.16亿元，均价9.89元/公斤；白羽鸡苗1,110.27万只；生猪316.48万头（毛猪和鲜品264.58万头，仔猪51.90万头），收入48.77亿元，均价14.58元/公斤。生猪销量同比增36.22%，因前期投苗增加及外卖仔猪影响。
2025-09-04August 2025 operating data: live pigs sold 324,570 heads (including 273.51万 fattened pigs and 51.06万 piglets), revenue 4.825 billion yuan, average price 13.90 yuan/kg; broiler chickens sold 116.7093 million heads, revenue 2.956 billion yuan, average price 12.15 yuan/kg; white-feathered chicks sold 10.7914 million heads.2025年8月经营数据：销售生猪324.57万头（含毛猪和鲜品273.51万头、仔猪51.06万头），收入48.25亿元，均价13.90元/公斤；销售肉鸡1.167亿只，收入29.56亿元，均价12.15元/公斤；销售白羽鸡苗1079.14万只。
2025-10-09September 2025 operating data: sold 3.3253 million hogs (including 2.9946 million market hogs/fresh pork and 330,700 piglets), revenue 4.975 billion yuan, average hog price 13.18 yuan/kg; sold 122.6207 million broilers, revenue 3.463 billion yuan, average broiler price 13.53 yuan/kg; sold 12.7119 million white-feathered chicks.2025年9月经营数据：销售生猪332.53万头（含毛猪和鲜品299.46万头，仔猪33.07万头），收入49.75亿元，毛猪均价13.18元/公斤；销售肉鸡12262.07万只，收入34.63亿元，毛鸡均价13.53元/公斤；销售白羽鸡苗1271.19万只。
2025-11-05Wens reported October 2025 sales: 389.28 million pigs (revenue 5.048 billion yuan, avg price 11.57 yuan/kg, -34.41% YoY) and 128.33 million chickens (revenue 3.633 billion yuan, avg price 13.33 yuan/kg, flat YoY).温氏公布2025年10月销售数据：生猪389.28万头（收入50.48亿元，均价11.57元/公斤，同比-34.41%），肉鸡12,833.45万只（收入36.33亿元，均价13.33元/公斤，同比持平）。
2025-12-05Wens announced November 2025 sales: 117.5544 million broiler chickens (revenue 3.324 billion yuan, avg price 13.22 yuan/kg); 4.3535 million pigs (revenue 5.199 billion yuan, avg price 11.71 yuan/kg).温氏股份公告2025年11月销售肉鸡11,755.44万只（收入33.24亿元，均价13.22元/公斤）；销售生猪435.35万头（收入51.99亿元，均价11.71元/公斤）。
2026-03-05Wens reports Feb 2026 sales: 8476.51 million broiler chickens (revenue 2.336 billion yuan, avg price 12.10 yuan/kg), 269.7 million hogs (revenue 3.956 billion yuan, avg price 11.62 yuan/kg); hog revenue down 15.79% MoM and 15.58% YoY.温氏公布2026年2月销售数据：肉鸡8476.51万只（收入23.36亿元，均价12.10元/公斤），肉猪269.7万头（收入39.56亿元，均价11.62元/公斤）；肉猪收入环比降15.79%，同比降15.58%。
2026-04-07March 2026 operating data: sold 103.9463 million broiler chickens (including毛鸡, fresh and cooked), revenue RMB 2.747 billion, average price RMB 11.93/kg; sold 3.6828 million fattening pigs (including毛猪 and fresh), revenue RMB 4.828 billion, average price RMB 10.11/kg.2026年3月经营数据：销售肉鸡10,394.63万只（含毛鸡、鲜品和熟食），收入27.47亿元，均价11.93元/公斤；销售肉猪368.28万头（含毛猪和鲜品），收入48.28亿元，均价10.11元/公斤。
2026-05-07Wens reported April 2026 sales: 324.08 million hogs (revenue 3.86 billion yuan, avg price 9.27 yuan/kg, MoM -12%/-20.05%/-8.31%, YoY +2.05%/-30.39%/-37.87%); 108.8957 million broiler chickens (revenue 2.673 billion yuan, avg price 11.45 yuan/kg, MoM +4.76%/-2.69%/-4.02%, YoY +4.89%/+5.11%/+1.87%); 11.853 million white-feathered chicks sold.温氏股份公告2026年4月销售肉猪324.08万头（收入38.60亿元，均价9.27元/公斤，环比-12%/-20.05%/-8.31%，同比+2.05%/-30.39%/-37.87%）；肉鸡10889.57万只（收入26.73亿元，均价11.45元/公斤，环比+4.76%/-2.69%/-4.02%，同比+4.89%/+5.11%/+1.87%）；销售白羽鸡苗1185.30万只。
2026-06-05Wens reported May 2026 operating data: sold 113.12 million broiler chickens (revenue RMB 2.814 billion, avg price RMB 11.55/kg) and 2.6527 million hogs (revenue RMB 3.240 billion, avg price RMB 9.70/kg); hog sales fell sharply YoY (-15.93% volume, -39.13% revenue).温氏发布2026年5月经营数据：销售肉鸡1.13亿只（收入28.14亿元，均价11.55元/公斤），销售肉猪265.27万头（收入32.40亿元，均价9.70元/公斤）；生猪销售同比大幅下降（销量-15.93%，收入-39.13%）。
Pig capacity & breeding sow herd生猪产能与能繁母猪存栏
11 · 2024-01-09 → 2025-11-20
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Updates on pig farm completed capacity, effective capacity, breeding sow numbers, and utilization rates.猪场竣工产能、有效产能、能繁母猪存栏及利用率更新。
2024-01-09Wens stated on investor platform that its sow farm capacity utilization rate was about 70% at end-2023, expected to steadily improve in 2024.温氏股份在投资者互动平台表示，2023年末种猪场产能利用率约70%，预计2024年继续稳步提升。
2024-01-09Wens disclosed historical pig farm completed capacity: 2018 ~30 million heads, 2019 ~33 million, 2020 ~27.5 million (end-Sept), 2021-2023 ~46 million each year.温氏股份披露历年猪场竣工产能：2018年约3000万头，2019年约3300万头，2020年约2750万头（9月末），2021-2023年各约4600万头。
2024-02-05As of end-2023, Wens had about 1.55 million breeding sows, up about 100,000 from early 2023. It plans to add 50,000-100,000 by end-2024, targeting 30-33 million hogs sold in 2024.截至2023年末，温氏能繁母猪约155万头，较年初增加约10万头；计划2024年底再增5-10万头，2024年肉猪销售目标约3000-3300万头。
2024-03-04Wens disclosed that its effective pig breeding capacity has increased to over 34 million head; 2024 sales target for live pigs (including毛猪 and fresh products) is about 30-33 million head; average comprehensive cost target for 2024 is 7.5-7.8 yuan per jin.温氏股份披露肉猪有效饲养能力已提升至3400万头以上；2024年肉猪销售奋斗目标约3000-3300万头；平均养殖综合成本目标为7.5-7.8元/斤。
2024-03-11Wens disclosed that as of end-February 2024, it had about 1.55 million breeding sows; it plans to increase by 50,000-100,000 head by end-2024 from end-2023 base.温氏股份披露截至2月末能繁母猪约155万头；计划2024年末在2023年底存量基础上再增加5-10万头。
2024-05-06Wens disclosed that its reserve sows are sufficient to meet current and future production plans.温氏股份披露后备母猪充足，可满足当前和未来生产经营计划所需。
2024-05-11Wens disclosed that as of end-April, its breeding sow herd was about 1.57 million head (up slightly MoM), and its existing pig farm capacity utilization rate was about 68% (completed capacity ~46 million piglets).温氏股份披露4月末能繁母猪约157万头（环比略增），种猪场产能利用率约68%（竣工产能约4600万头猪苗）。
2024-11-18At the same strategy meeting, stated that as of end-Oct 2024, the company's completed pig breeding farm capacity is about 46 million head, and effective fattening capacity is about 37 million head. 1-Oct cumulative hog sales reached 24.23 million head, up 17% YoY; broiler sales 990 million, duck sales 41 million.在同一策略会上表示：截至10月末，种猪场竣工产能约4600万头，育肥有效饲养能力约3700万头；1-10月累计销售肉猪2423万头（同比增17%），肉鸡9.9亿只，肉鸭约4100万只。
2025-09-09Wens disclosed production capacity: existing breeding pig farms have completed capacity of about 46 million heads (commercial piglet output at full load), and fattening stage effective feeding capacity totals about 41 million heads.温氏股份披露产能：现有种猪场竣工产能约4600万头（满负荷时商品猪苗量），育肥阶段有效饲养能力合计约4100万头。
2025-11-17Wens responded that it actively responds to the national sow capacity regulation policy by voluntarily eliminating low-efficiency production capacity and reasonably reducing the number of breeding sows.温氏回应称积极响应国家生猪产能调控政策，主动淘汰低效产能，合理调降能繁母猪数量。
2025-11-20Wens disclosed that it has proactively closed 7 pig farms due to capacity regulation, some because of policy changes (relocation to restricted breeding zones) and others for temporary upgrades, with plans to resume production when conditions permit.温氏披露近期主动关停7个猪场，部分因政策变化被列入限养区，部分为暂时性关停进行升级改造，未来条件允许时择机复产。
Government recognition & awards政府表彰与奖项
14 · 2024-01-15 → 2026-05-14
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Provincial key enterprise designations, social responsibility awards, and talent honors.省级重点龙头企业认定、社会责任奖及人才荣誉。
2024-01-15Wens was selected into the 2023 China Private Enterprise Social Responsibility Excellent Case by the All-China Federation of Industry and Commerce.温氏股份入选全国工商联发布的2023年中国民营企业社会责任优秀案例。
2024-01-31Wens' subsidiary Changzi Wenshi Animal Husbandry was recognized as a provincial key leading enterprise in agricultural industrialization by Shanxi Provincial Department of Agriculture and Rural Affairs.温氏股份子公司长子温氏畜牧被山西省农业农村厅认定为山西省农业产业化省级重点龙头企业。
2024-01-31Wens' subsidiary Yongshou Wenshi Animal Husbandry was recognized as a provincial key leading enterprise in agricultural industrialization by Shaanxi Provincial Department of Agriculture and Rural Affairs.温氏股份子公司永寿温氏畜牧被陕西省农业农村厅认定为陕西省农业产业化经营重点龙头企业。
2024-01-31Wens' subsidiary Huai'an Wenshi Poultry was recognized as a provincial key leading enterprise in agricultural industrialization by Jiangsu Provincial Leading Group for Agricultural Industrialization.温氏股份子公司淮安温氏家禽被江苏省农业产业化经营工作领导小组认定为江苏省农业产业化省级重点龙头企业。
2024-01-31Tan Huize, Executive General Manager of Wens' Feed Nutrition Technology Center, was selected for the 2023 State Council Special Allowance list, becoming the third Wens employee to receive this honor.温氏股份研究院饲料营养技术中心执行总经理谭会泽入选2023年享受国务院政府特殊津贴人员名单，成为温氏第3位获此殊荣者。
2024-03-19Four subsidiaries of Wens were included in the 12th batch of Greater Bay Area 'Vegetable Basket' production bases: Fuchuan Guangdong Wens Animal Husbandry, Cangwu Wens Industrial Park, Yongfeng Wens Jishui Branch, Dayu Wens Shangyou Branch.温氏股份下属4个单位入选粤港澳大湾区“菜篮子”生产基地（第十二批）认定名单：富川广东温氏畜牧有限公司、苍梧县温氏产业园、永丰温氏畜牧有限公司吉水分公司、大余温氏畜牧有限公司上犹分公司。
2024-06-12Wens was recognized as a National High-skilled Talent Training Base project unit by the Ministry of Human Resources and Social Security.温氏股份被人力资源社会保障部认定为国家级高技能人才培训基地项目单位。
2024-08-14Wens senior veterinarian Wang Zhanxin was recognized as a 'Special Grade Technician' under Guangdong's high-skilled talent policy; his team developed proprietary avian adenovirus suspension cell culture process and novel embryo antigen harvesting system.温氏股份高级兽医师王占新获评广东省'特级技师'；其团队开发了具有自主知识产权的禽腺病毒全悬浮细胞培养大生产工艺和新型胚毒抗原收获系统。
2024-09-12Wens ranked 273rd on the 2024 China Top 500 Enterprises list (revenue 89.921 billion yuan), up 16 places from 2023.温氏股份位列2024中国企业500强第273名（营收899.21亿元），较2023年提升16位。
2024-10-14Ranked 107th on the '2024 China Top 500 Private Enterprises' list, up 2 places from the previous year; revenue in 2023 was 89.921 billion yuan.位列'2024中国民营企业500强'第107位，较上一年度上升2位；2023年营业收入899.21亿元。
2024-10-30Ranked 15th on the '2024 Guangdong Top 100 Private Enterprises' list.入选'2024广东省民营企业100强'榜单，位列第15位。
2025-05-30Wens Food Group was selected as a model collective for outstanding performance in promoting the '100 Counties, 1000 Towns, 10000 Villages High-Quality Development Project' by Guangdong Provincial Party Committee and Government.温氏食品集团入选广东省委、省政府通报的推进“百县千镇万村高质量发展工程”工作表现突出集体名单。
2026-03-04Wens animal nutrition and feed science PhD Liu Songbai selected as 'Great Power Craftsman of the Year' (大国工匠年度人物), the only winner from Guangdong province.温氏动物营养与饲料学博士刘松柏入选‘大国工匠年度人物’，是广东省唯一入选人物。
2026-05-14Wens senior livestock engineer Liu Songbai was elected as a 2025 'Great Country Craftsman of the Year' for developing feed-saving key technologies for Chinese native chicken, including corn-soybean meal-free formulas and low-protein multi-amino acid balanced diets.温氏股份高级畜牧师刘松柏当选2025年“大国工匠年度人物”，其研发中华土鸡饲料节粮关键技术，包括无玉米豆粕配方和低蛋白多氨基酸平衡日粮。
Annual & quarterly financial results年度与季度财务业绩
29 · 2024-01-31 → 2026-06-09
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Annual and quarterly revenue, net profit/loss, and segment profit breakdowns.年度和季度营收、净利润/亏损及分部利润明细。
2024-01-31Wens issued a 2023 profit warning: expected net loss of 6.0-6.5 billion yuan (vs profit of 5.289 billion in 2022), due to deep losses in pig farming from low hog prices.温氏股份发布2023年业绩预告：预计净亏损60-65亿元（上年同期盈利52.89亿元），因生猪销售价格低迷导致养猪业务深度亏损。
2024-02-04Wens disclosed that in Q4 2023, net loss attributable to parent was about 1.5-2.0 billion yuan; hog business lost about 1.6-1.9 billion yuan; chicken business earned about 0.4 billion yuan. Full-year 2023 net loss was 6.0-6.5 billion yuan.温氏披露2023年四季度归母净亏损约15-20亿元，肉猪业务亏损约16-19亿元，鸡业盈利约4亿元；全年归母净亏损60-65亿元。
2024-02-27Wens released 2023 annual results: revenue 89.918 billion yuan (+7.40% YoY); net loss 6.329 billion yuan (vs profit 5.289 billion in 2022). Hog sales 26.2622 million head (+46.65% YoY), avg price 14.81 yuan/kg (-22.26% YoY). Broiler sales 1.183 billion birds (+9.51% YoY), avg price down 11.51% YoY.温氏发布2023年度业绩快报：营收899.18亿元（同比+7.40%），净亏损63.29亿元（上年盈利52.89亿元）；销售肉猪2626.22万头（同比+46.65%），均价14.81元/公斤（同比-22.26%）；销售肉鸡11.83亿只（同比+9.51%），均价同比降11.51%。
2024-03-01Wens reported 2023 net loss of 6.329 billion yuan attributable to shareholders, compared to profit of 5.289 billion yuan in 2022, a decline of 219.66%; cumulative losses over three years reached 14.4 billion yuan.温氏股份2023年归母净利润亏损63.29亿元，上年同期盈利52.89亿元，同比下降219.66%；近三年累计亏损144亿元。
2024-04-28Wens released 2023 annual report: revenue 89.902 billion yuan (+7.40% YoY), net loss 6.39 billion yuan (vs profit 5.289 billion in 2022); proposed dividend 1 yuan per 10 shares.温氏发布2023年年报：营收899.02亿元（同比+7.40%），净亏损63.9亿元（上年同期盈利52.89亿元）；拟每10股派发红利1元。
2024-04-28Wens released Q1 2024 report: revenue 21.842 billion yuan (+9.37% YoY), net loss 1.236 billion yuan (narrowed from 2.749 billion loss in Q1 2023).温氏发布2024年一季报：营收218.42亿元（同比+9.37%），净亏损12.36亿元（同比减亏55.04%）。
2024-05-07Wens reported Q1 2024 revenue of 21.841 billion yuan, up 9.37% YoY; net loss narrowed to 1.236 billion yuan, improving 55.04% YoY. Pig farming lost about 0.9 billion yuan; chicken business remained slightly profitable.温氏股份2024年一季度营收218.41亿元，同比增长9.37%；净亏损收窄至12.36亿元，同比改善55.04%。养猪业务亏损约9亿元，养鸡业务仍实现微利。
2024-07-14H1 2024 guidance: net profit attributable to parent 1.25-1.50 billion yuan, turning from a loss of 4.689 billion yuan YoY. Sold 14.3742 million fattening pigs (+21.96% YoY) and 548 million broiler chickens (-1.04% YoY).2024年上半年业绩预告：归母净利润12.5亿至15亿元，同比扭亏（上年同期亏损46.89亿元）。销售肉猪1437.42万头（同比+21.96%），肉鸡5.48亿只（同比-1.04%）。
2024-08-26Wens released 2024 semi-annual report: revenue 46.739 billion yuan (+13.48% YoY); net profit 1.327 billion yuan (vs -4.689 billion loss in H1 2023), turning profitable; pig sales 14.3742 million head (+21.96% YoY); broiler sales 548 million head (-1.04% YoY).温氏股份发布2024年半年度报告：营业收入467.39亿元（同比+13.48%）；净利润13.27亿元（上年同期亏损46.89亿元），扭亏为盈；销售肉猪1437.42万头（同比+21.96%）；销售肉鸡5.48亿只（同比-1.04%）。
2024-09-02Wens reported H1 2024 net profit attributable to parent of 1.33 billion yuan, turning profitable.温氏股份2024年上半年实现归母净利润13.3亿元，扭亏为盈。
2024-10-22Q3 2024 results: revenue 28.644 billion yuan (YoY +21.89%); net profit attributable to shareholders 5.081 billion yuan (YoY +3097.03%). First three quarters: revenue 75.384 billion yuan (YoY +16.53%); net profit 6.408 billion yuan (YoY +241.47%). Asset-liability ratio dropped to 54.86%.2024年第三季度业绩：营业收入286.44亿元（同比+21.89%）；归母净利润50.81亿元（同比+3097.03%）。前三季度：营业收入753.84亿元（同比+16.53%）；归母净利润64.08亿元（同比+241.47%）。资产负债率降至54.86%。
2025-01-03Released 2024 annual performance forecast: expected revenue over 100 billion yuan, net profit attributable to parent of 9.0-9.5 billion yuan, turning from a loss of 6.39 billion yuan in 2023; driven by higher hog sales volume and average price, and lower feed costs.发布2024年度业绩预告：预计营业收入超1000亿元，归母净利润90-95亿元，上年同期亏损63.9亿元；主因肉猪销量和均价上升、饲料原料价格下降导致养殖成本大幅下降。
2025-02-06Wens released its 2024 annual performance forecast: net profit attributable to shareholders is expected to be RMB 9.0-9.5 billion, turning around from a loss of RMB 6.39 billion in 2023; revenue is expected to exceed RMB 100 billion for the first time.温氏股份发布2024年度业绩预告：预计归母净利润90亿元至95亿元，上年同期亏损63.9亿元，同比扭亏为盈；营收预计首次突破千亿元。
2025-02-20Wens released 2024 annual performance快报: revenue RMB 104.906 billion (+16.66% YoY); net profit attributable to shareholders RMB 9.245 billion, turning around from a loss of RMB 6.39 billion in 2023; basic EPS RMB 1.3943; total assets RMB 93.908 billion; net assets per share RMB 6.19.温氏股份发布2024年度业绩快报：营业总收入1049.06亿元（同比+16.66%）；归母净利润92.45亿元，上年同期亏损63.9亿元，同比扭亏为盈；基本每股收益1.3943元；资产总额939.08亿元；每股净资产6.19元。
2025-04-23Q1 2025 revenue 24.318 billion yuan (+11.34% YoY), net profit 2.001 billion yuan (vs loss of 1.236 billion yuan in Q1 2024), turning profitable.2025年第一季度营业收入243.18亿元（同比+11.34%），净利润20.01亿元（去年同期亏损12.36亿元），同比扭亏为盈。
2025-04-23FY2024 revenue 104.863 billion yuan (+16.64% YoY), net profit 9.23 billion yuan (vs loss of 6.39 billion yuan in FY2023). Proposes a cash dividend of 2 yuan per 10 shares (tax incl.).2024年营业收入1048.63亿元（同比+16.64%），净利润92.3亿元（去年同期亏损63.9亿元）。拟每10股派发现金红利2元（含税）。
2025-06-052024 annual report: revenue 104.863 billion yuan, +16.64% YoY; gross margin 17.31%, +16.47 ppt.2024年年报：营业收入1048.63亿元，同比增长16.64%；毛利率17.31%，同比上升16.47个百分点。
2025-06-052025 Q1 results: revenue 24.318 billion yuan, +11.34% YoY; net profit 2.001 billion yuan, vs loss of 1.236 billion yuan in prior year period.2025年一季度：营业收入243.18亿元，同比增长11.34%；净利润20.01亿元，上年同期亏损12.36亿元。
2025-08-27Wens Foodstuffs released 2025 half-year report: revenue 49.852 billion yuan, up 5.91% year-on-year; net profit attributable to shareholders 3.475 billion yuan, up 159.12% year-on-year; basic EPS 0.5252 yuan; asset-liability ratio 50.57%, down 2.80 percentage points from end-2024. No dividend planned.温氏股份发布2025年半年报：营业收入498.52亿元，同比增长5.91%；归母净利润34.75亿元，同比增长159.12%；基本每股收益0.5252元；资产负债率50.57%，较上年末下降2.80个百分点。不派发现金红利。
2025-09-09Wens reported H1 2025 net profit of 3.475 billion yuan, up 159.12% YoY, driven by pig farming profit surge despite lower average pig price (14.93 yuan/kg, -2.56% YoY), due to cost reduction from fine management and lower feed prices.温氏股份2025年上半年净利润34.75亿元，同比大增159.12%，生猪养殖业务为核心增长引擎，尽管毛猪均价14.93元/公斤同比下降2.56%，但得益于精细化管理和饲料原料价格下降，成本大幅降低。
2025-10-21Q3 2025 results: revenue 25.937 billion yuan (down 9.76% YoY), net profit 1.781 billion yuan (down 65.02% YoY); first three quarters revenue 75.788 billion yuan (down 0.03% YoY), net profit 5.256 billion yuan (down 18.29% YoY).2025年第三季度业绩：营业收入259.37亿元（同比下降9.76%），净利润17.81亿元（同比下降65.02%）；前三季度营业收入757.88亿元（同比下降0.03%），净利润52.56亿元（同比下降18.29%）。
2026-01-082025 annual results preview: net profit attributable to shareholders 5.0-5.5 billion yuan, down 40.73%-46.12% YoY; hog sales 40.4769 million head, average price 13.71 yuan/kg (-17.95%); broiler sales 1.303 billion head, average price 11.78 yuan/kg (-9.80%).2025年度业绩预告：归母净利润50-55亿元，同比下降40.73%-46.12%；生猪销售4047.69万头，均价13.71元/公斤（-17.95%）；肉鸡销售13.03亿只，均价11.78元/公斤（-9.80%）。
2026-02-25Wens Foodstuffs released 2025 preliminary results: total revenue 103.884 billion yuan, down 1.67% YoY; net profit attributable to shareholders 5.235 billion yuan, down 43.59% YoY; hog sales volume 40.4769 million head, with stable growth.温氏股份发布2025年度业绩快报：营业总收入1038.84亿元，同比下降1.67%；归母净利润52.35亿元，同比暴跌43.59%；生猪出栏量4047.69万头，保持稳定增长。
2026-04-01Company announced that 2025 annual report will be disclosed on April 22, 2026.公司宣布2025年年度报告将于2026年4月22日披露。
2026-04-21Q1 2026 results: revenue RMB 24.526 billion, up 0.34% YoY; net loss attributable to shareholders RMB 1.07 billion, turning from profit to loss due to pig price decline.2026年一季度业绩：营业收入245.26亿元，同比增长0.34%；归母净利润亏损10.70亿元，同比转亏，因猪价下跌。
2026-04-212025 annual report: revenue RMB 103.824 billion, down 1.67% YoY; net profit RMB 5.266 billion, down 43.25% YoY; proposed cash dividend of RMB 2 per 10 shares (tax included).2025年年报：营业收入1038.24亿元，同比下降1.67%；归母净利润52.66亿元，同比下降43.25%；拟每10股派发现金红利2元（含税）。
2026-05-13Wens released 2025 annual report: net profit 5.266 billion yuan, down 43.25% YoY; pig revenue down 0.49% YoY, gross margin down 5.56 pct pts; chicken revenue down 2.43% YoY, gross margin down 6.74 pct pts.温氏股份发布2025年年报：归母净利润52.66亿元，同比下降43.25%；肉猪业务营收同比减少0.49%，毛利率减少5.56个百分点；肉鸡业务营收同比减少2.43%，毛利率减少6.74个百分点。
2026-05-13Wens reported Q1 2026 net loss of 1.07 billion yuan, ending seven consecutive quarters of profitability.温氏股份2026年一季度归母净利润亏损10.7亿元，中断连续7个季度盈利态势。
2026-06-09Wens reported Q1 2026 net loss of RMB 1.07 billion (vs profit of RMB 2.013 billion a year ago), with hog segment loss of ~RMB 630 million; gross margin fell to 2.71%; debt ratio 53%.温氏2026年一季度归母净亏损10.70亿元（上年同期盈利20.13亿元），猪业板块亏损约6.3亿元；毛利率降至2.71%，资产负债率53%。
2024-2026 sales & cost targets2024-2026年销售与成本目标
13 · 2024-01-31 → 2026-05-11
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Annual targets for hog and broiler sales volume and comprehensive cost per jin.年度生猪和肉鸡销量及综合成本目标。
2024-01-31Wens set 2024 targets: pig sales target ~30-33 million heads (up 14-26% YoY), average pig farming comprehensive cost target 7.5-7.8 yuan/kg; yellow-feathered broiler sales target up 5-10% YoY, average cost target 6.6-6.8 yuan/kg.温氏股份设定2024年目标：肉猪销售目标约3000-3300万头（同比增14-26%），平均养殖综合成本目标7.5-7.8元/公斤；黄羽鸡销售目标同比增5-10%，平均成本目标6.6-6.8元/公斤。
2024-02-05Wens plans 2024 fixed asset investment of about 4.0-5.0 billion yuan, mainly for pig farm upgrades, hog breeding communities, and broiler capacity. It may expand into layer hens and white-feather broilers.温氏计划2024年固定资产投资约40-50亿元，主要投入种猪场改造、肉猪养殖小区和肉鸡产能，未来可能扩大蛋鸡和白羽肉鸡业务。
2024-04-28Wens set 2024 hog sales target of 30-33 million head, an increase of 4-7 million head from 2023.温氏制定2024年肉猪销售奋斗目标3000-3300万头，同比增加400-700万头。
2024-04-29Wens plans 2024 fixed asset investment of 2-3 billion yuan, mainly for pig farm upgrades, hog breeding communities, and broiler capacity; also considers expanding egg and white-feather broiler businesses.温氏计划2024年固定资产投资20-30亿元，主要用于种猪场升级、肉猪养殖小区和肉鸡产能，并考虑扩大蛋鸡、白羽肉鸡业务。
2024-05-07Wens set its 2024 live pig (including fresh products) sales target at 30-33 million head.温氏股份设定2024年肉猪（含毛猪和鲜品）销售奋斗目标为3000-3300万头。
2024-05-12Wens announced its 2024 fixed asset investment plan of 2-3 billion yuan, mainly for pig farm renovation, pig farming communities, and broiler capacity projects.温氏股份公布2024年固定资产投资计划为20-30亿元，主要投入种猪场栏舍升级改造、肉猪养殖小区、肉鸡产能等项目。
2024-09-09Wens maintained 2024 pig slaughter target of 30-33 million head; debt ratio fell to 57%-58% by end-July.温氏股份维持2024年肉猪出栏目标3000-3300万头；7月末资产负债率降至57%-58%。
2024-11-18At the strategy meeting, noted that the industry is cautious about expansion, with no significant social capital inflow; the company plans a 2025 full-year hog comprehensive breeding cost target of below 6.5 yuan/jin.在策略会上表示，行业扩产谨慎，未发现社会资本大量进入；公司初步规划2025年全年肉猪养殖综合成本目标为6.5元/斤以下。
2025-01-07In an investor relations activity, initially set the 2025 hog (including live and fresh) sales target at approximately 33-35 million head, and the full-year average hog farming comprehensive cost target at 6.5 yuan/jin (13 yuan/kg).在投资者关系活动中初步制定2025年肉猪（含毛猪和鲜品）销售目标约3300-3500万头，全年平均肉猪养殖综合成本奋斗目标为6.5元/斤（13元/公斤）。
2025-01-15On the investor interactive platform, stated that it initially set the 2025 hog sales target at about 33-35 million head, and broiler chicken sales volume to increase by 5% or more year-on-year.在投资者互动平台表示，初步制定2025年肉猪销售目标约3300-3500万头，肉鸡销售量同比增加5%或以上。
2025-04-23FY2024: sold 12.08 billion broilers (+2.09% YoY) and 30.1827 million hogs (+14.93% YoY). Sets 2025 target: hog sales 33-35 million head, broiler sales +5% or more YoY.2024年销售肉鸡12.08亿只（同比+2.09%）、肉猪3018.27万头（同比+14.93%）。2025年目标：肉猪销售3300-3500万头，肉鸡销售同比增5%或以上。
2026-03-09Wens sets 2026 broiler sales volume target to increase about 10% from 2025 level.温氏设定2026年肉鸡销售量目标为在2025年基础上增加约10%。
2026-05-11Wens set 2026 broiler chicken sales volume target to increase ~10% YoY from 2025; current single-shift slaughter capacity ~270 million birds/year; 2025 sales mix: fast-type ~25%, medium-type ~60%, slow-type ~15%.温氏股份设定2026年肉鸡销售量目标在2025年基础上增加约10%；当前肉鸡屠宰单班产能约2.7亿只/年；2025年销售结构：快速型约25%，中速型约60%，慢速型约15%。
Equity incentives & employee stock plans股权激励与员工持股计划
7 · 2024-02-01 → 2026-06-15
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Restricted stock grants, vesting, and employee stock ownership plan lock-up releases.限制性股票授予、归属及员工持股计划锁定期解除。
2024-02-01Wens granted 9.4765 million reserved restricted shares at 9.95 yuan/share to 814 participants under its fourth restricted stock incentive plan.温氏向第四期限制性股票激励计划814名激励对象授予预留限制性股票947.65万股，授予价格9.95元/股。
2024-05-27Wens' board of directors approved the motion regarding the first lock-up period release conditions of the 2023 employee stock ownership plan.温氏股份董事会审议通过了《关于公司2023年员工持股计划第一个锁定期解锁条件成就的议案》。
2025-06-27Board approved adjustment of 4th restricted stock incentive plan grant price from 9.95 yuan/share to 9.5 yuan/share due to 2024 cash dividend.董事会审议通过将第四期限制性股票激励计划授予价格由9.95元/股调整为9.5元/股，因2024年现金分红。
2025-08-01Wens Foodstuffs announced the release of 331,469 restricted shares (0.005% of total) from the fourth restricted stock incentive plan, becoming tradable on August 6, 2025, due to resignations, dismissals, retirements, or demotions of 45 grantees.温氏股份公告解除第四期限制性股票激励计划部分激励对象自愿锁定的331,469股限售股（占总股本0.005%），因45名激励对象发生辞职、辞退、退休、降职等情形，可上市流通日为2025年8月6日。
2025-09-08Wens provided details on the fourth restricted stock incentive plan: overall vesting of 48.2268 million shares (80.79% of total granted), with 13.1661 million shares forfeited; individual performance grades: A-grade 16.99% (100% vesting), C-grade 25.81% (80% vesting), E-H grade 11.38%, and unqualified 5.42%.温氏股份披露第四期限制性股票激励计划详情：整体归属4822.68万股（占授予总数的80.79%），作废1316.61万股；个人考核A级16.99%（归属100%）、C级25.81%（归属80%）、E-H级11.38%、不合格5.42%。
2026-06-01Wens approved the vesting of the fourth restricted stock incentive plan: 3,698 participants eligible for 57.7029 million shares (0.87% of total equity) at RMB 9.20 per share, sourced from treasury shares.温氏批准第四期限制性股票激励计划归属：3698名激励对象可归属5770.29万股（占总股本0.87%），归属价格9.20元/股，股票来源为回购股份。
2026-06-15807 mid-level and frontline managers voluntarily locked 40% of their vested restricted shares (11.9564 million shares) for 8 years from the listing date.807名中基层管理人员自愿将其获归属股份的40%（1195.64万股）锁定8年，自上市流通之日起不转让。
Subsidiary & project investments子公司与项目投资
24 · 2024-02-01 → 2026-06-22
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Establishment of new subsidiaries, project approvals, closures, and terminations.新设子公司、项目审批、关闭及终止。
2024-02-01Wens announced the conclusion of three fundraising investment projects: Lingbao Wens Poultry farming project, Wuwei integrated breeding and slaughtering project, and Cangwu integrated breeding project.温氏公告灵宝温氏禽业养殖项目、无为一体化养殖屠宰项目和苍梧一体化养殖项目结项。
2024-02-01Wens terminated two fundraising investment projects: Chuzhou Wens Animal Husbandry Fanggang breeding community and Honghu Wens Animal Husbandry Dashu breeding community, due to market changes and production plan adjustments.温氏终止滁州温氏畜牧方岗养殖小区和洪湖温氏畜牧大树养殖小区两个募投项目，因市场变化和生产计划调整。
2024-04-17Wens established Enping Wens Animal Husbandry Co., Ltd. with registered capital of 90 million yuan, jointly held by Wens and its subsidiary Guangdong Huanong Wens Animal Husbandry.温氏成立恩平市温氏畜牧有限公司，注册资本9000万元，由温氏股份及旗下广东华农温氏畜牧共同持股。
2024-05-16Wens' controlled subsidiary Putian Wens Poultry Co., Ltd. received environmental approval for a broiler farm renovation and upgrade project with a total investment of 21.95 million yuan.温氏股份控股子公司莆田温氏家禽有限公司肉鸡场改扩建升级项目环评获批，总投资额2195万元。
2024-07-11Wens fully owned subsidiary Guannan Wens Meat Food Co., Ltd. was established, with registered capital of 37 million yuan, covering live poultry sales, condiment production, and food processing.温氏全资子公司灌南温氏肉食品有限公司成立，注册资本3700万元，经营范围包括活禽销售、调味品生产、食品生产等。
2024-08-19Wens invested 37 million yuan to establish a wholly-owned subsidiary Guannan Wens Meat Food Co., Ltd. (registered July 10, 2024), engaged in livestock slaughter and food processing.温氏股份出资3700万元成立全资子公司灌南温氏肉食品有限公司（2024年7月10日注册），从事活禽销售、食品生产、家禽屠宰等业务。
2024-09-04Wens' indirect subsidiary Yongzhou Wens Animal Husbandry received approval for environmental impact assessment of the Youtingwei breeding community project (total investment 120 million yuan).温氏股份间接控股子公司永州温氏畜牧有限公司邮亭圩养殖小区项目环评获批，总投资1.2亿元。
2024-09-09Wens set up wholly-owned subsidiary Xinxing County Wenzhi Equity Investment Co., Ltd. with registered capital of 1 million yuan.温氏股份全资设立新兴县温智股权投资有限公司，注册资本100万元。
2024-11-22Board approved termination of two pig farming projects: Xianning Wens Animal Husbandry Huangci farm (planned 50,400 hogs/year, 50 million yuan investment) and Songzi Wens Animal Husbandry Niuchangling farm (planned 60,000 hogs/year, 60 million yuan investment), due to environmental and railway planning issues. Remaining 79.94 million yuan of raised funds will be reallocated.董事会同意终止咸宁温氏黄祠养殖小区（年上市5.04万头，投资5000万元）和松滋温氏牛长岭养殖小区（年上市6万头，投资6000万元）的建设，原因为环保和高铁规划问题，剩余募集资金7994万元将重新安排。
2024-12-02Wens established Mashan Wens Farming & Animal Husbandry Co., Ltd. with registered capital of 15 million yuan, wholly owned by its subsidiary Guangdong Wens Egg Industry Co., Ltd.温氏股份成立马山温氏农牧有限公司，注册资本1500万元，由旗下广东温氏蛋业有限公司全资持股。
2025-01-13Board approved the closure of 7 raised-funds investment projects, including the Dazhong breeding小区 phase I (Ji'an County) and a high-efficiency breeder farm (Xianning), with total investment of 629 million yuan (474 million yuan from raised funds) and a surplus of 94.82 million yuan.董事会审议通过吉安县温氏畜牧有限公司大冲养殖小区一期等7个募集资金投资项目结项，投资总额合计6.29亿元（拟投入募集资金4.74亿元），节余募集资金9482万元。
2025-04-11Established Hainan Yiwang Feed Co., Ltd. with registered capital of 30 million yuan, jointly held by Hainan Liyuan Feed and Hainan Wens Foodstuff (a subsidiary).与海南漓源饲料共同设立海南亿望饲料有限公司，注册资本3000万元。
2025-04-24Approved environmental impact assessment for Xianning Wens Li High-efficiency Chicken Farm (re-submission) with total investment of 183 million yuan.控股子公司咸宁温氏黎首高效种鸡场（重新申报）环评获批，项目总投资1.83亿元。
2025-06-24Established wholly-owned subsidiary Chongzuo Wennong Husbandry Co., Ltd. with registered capital 10 million yuan, covering poultry breeding and livestock production.设立全资子公司崇左温氏农牧有限公司，注册资本1000万元，经营范围包括家禽饲养、种畜禽生产。
2025-07-15Board approved the closure of three fundraising projects: Chuzhou Wens Jingbao Food pig slaughtering project, Lanshan Wens Animal Husbandry Hou Chong modern pig breeding community project, and Quxian Wens Animal Husbandry headquarters project, with total remaining funds of 6.19 million yuan.董事会同意滁州温氏晶宝食品生猪屠宰项目、蓝山温氏畜牧厚冲现代生猪养殖小区项目、渠县温氏畜牧总部项目等3个募投项目结项，合计节余募集资金619万元。
2025-09-02Wens made a new outward investment, wholly owning Xinchang Wens Poultry Co., Ltd. with registered capital of 20 million yuan, engaged in animal husbandry.温氏股份新增对外投资，全资持股新昌温氏禽业有限公司，注册资本2000万元，从事畜牧业。
2025-09-04Wens subsidiary Guangdong Funeng Bioenergy Co., Ltd. wholly established Guangxi Fuchuan Funeng Bioenergy Co., Ltd. with registered capital of 20 million yuan, engaged in biomass fuel processing and renewable energy technology R&D.温氏股份旗下广东富能生物能源有限公司全资设立广西富川富能生物能源有限公司，注册资本2000万元，从事生物质燃料加工和新兴能源技术研发。
2025-10-21Board approves termination and adjustment of certain fundraising investment projects from convertible bonds, with remaining funds of 84.9418 million yuan to be kept in special account for new projects.董事会同意终止及调整部分可转债募投项目，剩余募集资金8494.18万元继续留存专户用于新投资项目。
2026-01-14Board meeting approved the closure of 12 raised-funds projects (pig bio-safety upgrade, etc.), with total investment 1.618 billion yuan and accumulated savings of 150.51 million yuan.董事会审议通过猪业生物安全升级改造等12个募投项目结项，总投资16.19亿元，累计节余1.51亿元。
2026-03-13Wens establishes Wens Supply Chain Management (Zhuhai) Co., Ltd., wholly owned, with registered capital of 100 million yuan, focusing on domestic freight forwarding and feed additive sales.温氏全资设立温氏供应链管理（珠海）有限公司，注册资本1亿元，主营国内货运代理和饲料添加剂销售。
2026-03-19Wens invests in Wuzhou Longxu Wens Poultry Co., Ltd., holding 35.74% stake, with registered capital of 22.72 million yuan, engaged in agriculture and sideline activities.温氏投资梧州市龙圩区温氏家禽有限公司，持股35.74%，注册资本2272万元，从事农林牧渔专业及辅助性活动。
2026-04-21Board approved change of some raised funds plan: RMB 24.5 million of convertible bond proceeds redirected to build Yongqiao Wens Animal Husbandry Danwei breeding area and Hefei Wens Poultry Daitang efficient breeder farm projects.董事会批准变更部分募集资金使用计划，将24500万元可转债募集资金用于埇桥温氏畜牧单圩养殖小区和合肥温氏家禽代塘高效种鸡场项目建设。
2026-04-22Subsidiary Guangxi Yulin Guangdong Wens Poultry Tielian breeder chicken farm project (total investment RMB 170 million) received environmental impact assessment approval on March 31, 2026.子公司广西玉林广东温氏家禽铁联种鸡场项目（总投资1.7亿元）于2026年3月31日获环评审批通过。
2026-06-22Wens invested 100% in Changyi Wens Animal Husbandry Co., Ltd., with registered capital of RMB 33 million, engaged in agriculture, forestry, animal husbandry and fishery support activities.温氏全资投资昌邑温氏畜牧有限公司，注册资本3300万元，从事农、林、牧、渔专业及辅助性活动。
Capital structure & debt management资本结构与债务管理
11 · 2024-02-05 → 2026-05-12
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Asset-liability ratio targets, debt repayment, bank loans, and financial policy updates.资产负债率目标、债务偿还、银行贷款及财务政策更新。
2024-02-05Wens secured new bank loans with annualized interest rate below 3% for 2024, with no plans for new equity or bond financing; debt pressure is manageable.温氏2024年新增一年期借款年化利率低于3%，暂无新增股权或债券融资计划，债务压力不大。
2024-03-04Wens stated that as of end-January 2024, the company had over 10 billion yuan in various available funds, of which over 8 billion yuan was unrestricted; asset-liability ratio exceeded 60%; no new equity or bond financing plans for 2024.温氏股份称截至1月末各类可用资金超100亿元，其中非受限资金超80亿元；资产负债率超60%；2024年无新增股权和债券融资计划。
2024-03-11Wens disclosed that as of end-February 2024, it had over 10 billion yuan in available funds, of which over 8 billion yuan was unrestricted; all funds focused on production and management.温氏股份披露截至2月末各类可用资金超100亿元，其中非受限资金超80亿元；全部精力集中于基础生产经营和管理。
2024-05-12Wens raised its target asset-liability ratio safety line to 50%, aiming to reduce it below 45% in favorable market conditions.温氏股份将资产负债率安全线提升至50%，希望在行情较好时降至45%以下。
2024-06-07Wens stated at a strategy meeting that it will prioritize debt repayment and lowering debt ratio over expansion, given short profitability period; target is 'cost reduction and profit preservation'.温氏股份在策略会上表示，鉴于盈利时间尚短，将优先偿还债务、降低资产负债率，而非扩张；目标为“降成本、保盈利”。
2024-08-28Wens disclosed that as of end-Q2 2024, asset-liability ratio fell below 59%, down ~2.5 pct from end-2023 and 4.4 pct from Q1; aims to reduce ratio to below 55% by year-end by repaying debt.温氏股份披露，截至2024年二季度末资产负债率降至59%以下，较上年末下降约2.5个百分点，环比一季度末下降4.4个百分点；目标年内降至55%以下。
2024-10-17Fitch revised Wens' outlook from Negative to Stable and affirmed long-term foreign-currency issuer default rating at 'BB'; also affirmed senior unsecured rating and USD notes at 'BB'.惠誉将温氏股份展望从负面调整至稳定，确认长期外币发行人违约评级为'BB'；同时确认高级无抵押评级和美元票据评级为'BB'。
2025-05-26End of April 2025, asset-liability ratio dropped to ~50%; company stated ample cash reserves.2025年4月末资产负债率降至约50%，公司表示资金储备充裕。
2025-10-16Fitch affirms Wens Foodstuffs' long-term foreign-currency issuer default rating at 'BB' with stable outlook; expects EBITDA net leverage around 2x in 2025, rising above 3.5x in 2026.惠誉确认温氏食品集团长期外币发行人违约评级为'BB'，展望稳定；预计2025年EBITDA净杠杆率约2倍，2026年升至3.5倍以上。
2026-01-27Debt ratio fell to 49.4% as of end-Q3 2025, among the best in the industry.截至2025年三季度末，负债率降至49.4%，处于行业优秀水平。
2026-05-12Wens disclosed Q1 2026 debt ratio ~53%, cash over 5 billion yuan, available credit lines over 30 billion yuan, bond registration quota 10 billion yuan.温氏股份披露一季度末资产负债率约53%，库存现金超50亿元，可用流动资金贷款授信额度超300亿元，债券注册额度100亿元。
Government & policy engagement政府与政策互动
2 · 2024-02-05 → 2025-02-08
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Provincial government visits, high-quality development conference participation, and rural revitalization recognition.省政府调研、高质量发展大会参与及乡村振兴认可。
2024-02-05Guangdong provincial government officials visited Wens for on-site research, addressing company difficulties and coordinating solutions.广东省政府领导走访温氏进行实地调研，现场协调解决企业困难。
2025-02-08At the Yunfu High-Quality Development Conference, Wens chairman Wen Zhifen stated that 2024 revenue exceeded RMB 100 billion for the first time, and the company is increasing innovation in bio-breeding, smart farming (e.g., inspection robots, auto-feeding systems), and digital transformation.在云浮市高质量发展大会上，温氏股份董事长温志芬表示2024年营收首次突破千亿元，公司正加大生物育种、智能养殖（如巡检机器人、自动投喂系统）和数字化转型创新投入。
Natural disaster & weather impact自然灾害与天气影响
4 · 2024-02-26 → 2024-07-10
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Impact of freezing rain, floods, and rainstorms on production operations.冻雨、洪涝及暴雨对生产运营的影响。
2024-02-26Wens reported that individual units in Hubei and Hunan suffered minor damage from freezing rain and snow disasters, but no major losses occurred.温氏表示两湖地区个别单位受到冰冻雨雪灾害影响，但未出现重大损失。
2024-04-22Wens stated that recent floods in Guangdong and Guangxi did not materially impact its production; operations remain normal after activating emergency plans.温氏表示近期两广洪涝灾害未对生产经营造成重大影响，启动应急预案后生产正常。
2024-05-06Wens stated that the heavy rain in Guangdong in early May had no major impact on the company's overall production and operations.温氏股份表示，5月初广东暴雨对公司整体生产经营未造成重大影响。
2024-07-10Wens stated that as of July 10, it had not received reports of material impact from Hunan rainstorms on its pig farming operations.温氏表示截至7月10日未收到湖南暴雨对养猪业务造成重大影响的报告。
Pig farming cost reduction养猪成本下降
35 · 2024-02-27 → 2026-06-08
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Continuous improvement in hog breeding comprehensive cost, piglet cost, and regional cost convergence.生猪养殖综合成本、仔猪成本持续下降，区域成本差距收窄。
2024-02-27Wens set 2024 hog cost target of 7.5-7.8 yuan/kg (assuming stable feed prices), down from 8.3-8.4 yuan/kg in 2023. Broiler full cost was 6.8 yuan/kg in 2023.温氏设定2024年肉猪养殖综合成本目标7.5-7.8元/斤（饲料原料价格不变），2023年为8.3-8.4元/斤；2023年毛鸡完全成本6.8元/斤。
2024-03-04Wens disclosed that in January 2024, its comprehensive cost for live pig breeding was 7.8-7.9 yuan per jin; 9 provincial-level units (Hainan, Jiangxi, Guangxi, etc.) had costs below 8 yuan per jin; regional cost differences narrowed.温氏股份披露2024年1月肉猪养殖综合成本为7.8-7.9元/斤；海南、江西、广西等9个省级区域单位成本低于8元/斤；区域间成本差异缩小。
2024-03-04Wens stated that in January 2024, its毛鸡 (broiler) full cost per jin dropped to below 6.5 yuan, compared to 6.8 yuan per jin for full year 2023.温氏股份表示2024年1月毛鸡出栏完全成本已降至6.5元/斤以下，而2023年全年为6.8元/斤。
2024-03-11Wens disclosed that in February 2024, its comprehensive cost for live pig breeding was about 7.8 yuan per jin, down from January despite lower sales volume.温氏股份披露2024年2月肉猪养殖综合成本约7.8元/斤，较1月下降。
2024-04-01Wens disclosed that its comprehensive cost for fattening pigs was about 7.8 yuan/jin in Feb 2024, including depreciation of breeding farms and feed mills.温氏披露2024年2月肉猪养殖综合成本约7.8元/斤，包含种猪场、饲料厂等折旧费用。
2024-04-28Wens' comprehensive cost for fattening pigs fell to about 7.4 yuan/jin in Mar 2024, down 0.4 yuan/jin MoM; 9 of 16 regional units turned profitable.温氏2024年3月肉猪养殖综合成本降至约7.4元/斤，环比下降0.4元/斤；16个区域单位中9个实现盈利。
2024-05-06Wens reported that its March 2024 comprehensive cost for live pig farming fell to 7.4 yuan/jin, and the full cost for broiler chicken fell to 6.3 yuan/jin.温氏股份报告2024年3月肉猪养殖综合成本降至7.4元/斤，毛鸡出栏完全成本降至6.3元/斤。
2024-05-12Wens reported that its April live pig comprehensive cost fell to 7.2 yuan/jin (down 0.2 yuan/jin MoM), and 7 out of 16 provincial regions achieved cost below 7 yuan/jin. Piglet production cost dropped to about 350 yuan/head.温氏股份4月肉猪养殖综合成本降至7.2元/斤（环比降0.2元/斤），16个省级区域中有7个成本低于7元/斤。猪苗生产成本降至350元/头左右。
2024-06-07Wens reported May pig breeding comprehensive cost fell to about 7.1 yuan/jin (CNY 14.2/kg), down from 7.2 yuan/jin in April; 11 of 16 provincial units below 7.1 yuan/jin.温氏股份报告5月肉猪养殖综合成本降至约7.1元/斤，较4月的7.2元/斤下降；16个省级区域中11个低于7.1元/斤。
2024-06-07Wens stated at a strategy meeting that piglet production cost fell to about 330 yuan/head in May, down 60 yuan/head from Dec 2023.温氏股份在策略会上表示，5月猪苗生产成本降至约330元/头，较2023年12月下降60元/头。
2024-08-28Wens stated in a conference call that July pig farming comprehensive cost was about 6.9-7 yuan/jin, and broiler complete cost was about 5.9-6 yuan/jin; costs expected to further decline as weather cools.温氏股份在电话会议上表示，7月份肉猪养殖综合成本约6.9-7元/斤，毛鸡出栏完全成本约5.9-6元/斤；待天气转凉，成本有望进一步下降。
2024-08-28Wens detailed H1 2024 profit breakdown: pig farming contributed ~1.8 billion yuan profit, broiler farming ~0.8 billion yuan; H1 pig comprehensive cost fell to ~7.4 yuan/jin (down ~1.2 yuan/jin YoY), Q2 cost ~7.1 yuan/jin.温氏股份详解2024年上半年业绩构成：养猪业务盈利约18亿元，养鸡业务盈利约8亿元；上半年肉猪养殖综合成本降至约7.4元/斤（同比降约1.2元/斤），二季度成本约7.1元/斤。
2024-11-18At a Nov 14 CICC strategy meeting, disclosed that as of end-Oct 2024, the company had 1.68 million breeding sows, piglet production cost below 290 yuan/head, hog comprehensive breeding cost further reduced to about 6.7 yuan/jin, and asset-liability ratio dropped to 53%-54%.在2024年11月14日中金公司策略会上披露：截至10月末，能繁母猪168万头，猪苗生产成本降至290元/头以下，肉猪养殖综合成本降至约6.7元/斤，资产负债率降至53%-54%。
2025-01-07In an investor relations activity, disclosed that effective hog breeding capacity has been raised to over 38 million head; as of year-end, there were about 1.74 million breeding sows, with sufficient replacement gilts; piglet production cost was controlled within 300 yuan/head, and hog marketability rate improved to over 93%.在投资者关系活动中披露：肉猪有效饲养能力已提升至3800万头以上；截至年末能繁母猪约174万头，后备母猪充足；猪苗生产成本控制在300元/头以内，肉猪上市率提升至93%以上。
2025-02-17Wens disclosed in an investor relations record that as of end-Jan 2025, its breeding sow herd was 1.78 million head, piglet production cost was RMB 300-310/head, hog slaughter rate was 93.7%, comprehensive hog farming cost was RMB 6.4-6.5/jin, and broiler ex-farm cost fell to RMB 5.6-5.7/jin; asset-liability ratio dropped to about 52%.温氏股份披露投资者关系活动记录：截至2025年1月末，能繁母猪178万头，猪苗生产成本300-310元/头，肉猪上市率93.7%，肉猪养殖综合成本6.4-6.5元/斤，毛鸡出栏成本降至5.6-5.7元/斤；资产负债率降至约52%。
2025-02-20Wens disclosed on the investor互动 platform that its January 2025 comprehensive hog farming cost was RMB 6.4-6.5/jin, and its broiler ex-farm full cost was RMB 5.6-5.7/jin; average live hog slaughter weight was about 242 jin/head.温氏股份在互动平台披露，2025年1月肉猪养殖综合成本为6.4-6.5元/斤，毛鸡出栏完全成本为5.6-5.7元/斤；毛猪出栏均重约242斤/头。
2025-03-04Wens disclosed that its 2024 full-year hog breeding comprehensive cost fell to RMB 7.2/jin, down about RMB 1.2/jin YoY; 2025 target is no more than RMB 6.5/jin.温氏股份披露，2024年全年肉猪养殖综合成本降至7.2元/斤，同比下降约1.2元/斤；2025年目标为不超过6.5元/斤。
2025-03-17Wens disclosed that in February 2025, its hog breeding comprehensive cost dropped to about RMB 6.3/jin, and its broiler complete cost dropped to RMB 5.6/jin.温氏股份披露，2025年2月肉猪养殖综合成本降至约6.3元/斤，毛鸡出栏完全成本降至5.6元/斤。
2025-05-26April 2025 production indicators: pig farming listing rate ~93%, monthly piglet placement hit a record high; comprehensive pig farming cost fell to 6 yuan/jin; broiler listing rate 95%, feed conversion ratio 2.79, complete cost ~5.6 yuan/jin.2025年4月生产指标：肉猪养殖上市率约93%，单月投苗量创历史新高，肉猪养殖综合成本降至6元/斤；肉鸡养殖上市率95%，料肉比2.79，毛鸡出栏完全成本约5.6元/斤。
2025-06-16Investor briefing: May pig breeding cost 6-6.1 yuan/jin, broiler cost 5.5-5.6 yuan/jin; overseas expansion still under observation.投资者交流：5月肉猪养殖综合成本6-6.1元/斤，毛鸡出栏完全成本5.5-5.6元/斤；出海尚处观察阶段。
2025-07-23In May 2025, Wens' comprehensive pig farming cost was 6-6.1 yuan/jin, and broiler full cost was 5.5-5.6 yuan/jin.2025年5月，温氏肉猪养殖综合成本为6-6.1元/斤，毛鸡出栏完全成本为5.5-5.6元/斤。
2025-08-11Wens Foodstuffs disclosed that in May 2025, its comprehensive cost for hog farming was 6-6.1 yuan/jin, and full cost for broiler chicken was 5.5-5.6 yuan/jin. Current external piglet average weight is about 7 kg/head.温氏股份披露2025年5月肉猪养殖综合成本为6-6.1元/斤，毛鸡出栏完全成本为5.5-5.6元/斤。当前外销仔猪均重约7公斤/头。
2025-08-27Wens Foodstuffs' H1 2025 hog comprehensive cost dropped to 6.2 yuan/jin, down about 1.2 yuan/jin year-on-year; by July, cost maintained at 6.1 yuan/jin. Chicken price recovered to 6.4 yuan/jin since August, restoring profitability.温氏股份2025年上半年肉猪养殖综合成本降至6.2元/斤，同比大幅下降约1.2元/斤；截至7月成本维持6.1元/斤。8月份以来肉鸡价格回升至6.4元/斤，养鸡业务已恢复盈利。
2025-09-08Wens disclosed that in July 2025, its comprehensive cost for live pig farming was about 6.1 yuan/jin, and full cost for broiler chicken slaughter was about 5.7 yuan/jin.温氏股份披露2025年7月肉猪养殖综合成本约6.1元/斤，毛鸡出栏完全成本约5.7元/斤。
2025-11-17Wens disclosed that in October 2025, its comprehensive pig farming cost was 6.1 yuan/jin (12.2 yuan/kg), and its broiler chicken full cost was 5.7 yuan/jin (11.4 yuan/kg).温氏披露2025年10月肉猪养殖综合成本为6.1元/斤，毛鸡出栏完全成本为5.7元/斤。
2025-11-17Wens stated that its piglet production cost dropped to 250-260 yuan/head in October 2025, and the pig marketing rate improved to over 93%, with cost differences among its three pig farming divisions narrowing to within 0.3 yuan/jin.温氏表示2025年10月猪苗生产成本降至250-260元/头，肉猪上市率提升至93%以上，三个养猪事业部成本差异缩小至0.3元/斤以内。
2025-12-22Wens disclosed that from January to November 2025, its comprehensive pig farming cost fell to 6.1-6.2 yuan/jin; it preliminarily expects the 2026 average comprehensive cost to be around 5.9 yuan/jin.温氏股份披露2025年1-11月肉猪养殖综合成本降至6.1-6.2元/斤；初步预计2026年全年平均综合成本在5.9元/斤左右。
2026-03-02Wens expects 2026 full-year average hog farming cost to be about 5.9 yuan/jin, with cost control measures including breeding tech, digitalization, and efficiency improvement.温氏预计2026年全年肉猪养殖平均综合成本约5.9元/斤，将通过育种技术、数字化和效率提升等措施控制成本。
2026-03-02Wens discloses that in Jan 2026, hog sales volume fell month-on-month due to earlier reduction in piglet placements; cost difference among three hog divisions was within 0.3 yuan/jin; 64% of hogs sold had cost below 6 yuan/jin.温氏披露2026年1月肉猪销量环比下降因前期投苗减少；三个养猪事业部成本差异在0.3元/斤以内；64%的肉猪成本低于6元/斤。
2026-03-13Wens says Feb 2026 hog farming comprehensive cost roughly flat with Jan; continues to reduce cost via breeding tech, feed formula optimization, disease elimination, digitalization, and lean management.温氏表示2026年2月肉猪养殖综合成本与1月基本持平；通过育种技术、饲料配方优化、疾病净化、数字化和精益管理持续降本。
2026-04-14Company stated that February pig farming comprehensive cost was about RMB 6/jin, and broiler chicken full cost was about RMB 5.8/jin.公司表示2月份肉猪养殖综合成本约6元/斤，毛鸡出栏完全成本约5.8元/斤。
2026-04-24In 2025, comprehensive cost of pig farming was RMB 6.1-6.2/jin, down about RMB 1.1/jin YoY; full cost of broiler chicken was RMB 5.7/jin, down RMB 0.3/jin YoY. 2026 target pig cost set at about RMB 5.9/jin.2025年肉猪养殖综合成本6.1-6.2元/斤，同比下降约1.1元/斤；毛鸡出栏完全成本5.7元/斤，同比下降0.3元/斤。2026年肉猪成本目标约5.9元/斤。
2026-05-03Wens disclosed March pig farming comprehensive cost at 6.3 yuan/jin (book), 5.8 yuan/jin excluding inventory provision, down 0.2 yuan/jin MoM; broiler chicken full cost at 5.7 yuan/jin.温氏股份披露3月生猪养殖账面综合成本6.3元/斤，剔除跌价准备后5.8元/斤，环比下降0.2元/斤；毛鸡出栏完全成本5.7元/斤。
2026-05-12Wens disclosed Q1 2026 net profit: chicken business contributed 180 million yuan, ancillary businesses (animal health, investment) contributed 110 million yuan; pig farming book comprehensive cost 6.2 yuan/jin, below 6 yuan/jin excluding provision; 2026 full-year pig cost target ~5.9 yuan/jin.温氏股份披露2026年一季度鸡业净利润1.8亿元，动保、投资等配套业务盈利1.1亿元；肉猪养殖账面综合成本6.2元/斤，剔除跌价准备后低于6元/斤；2026年全年肉猪成本责任目标约5.9元/斤。
2026-06-08Wens disclosed that in May 2026, its hog comprehensive cost was RMB 5.9/jin, and broiler full cost was RMB 5.7/jin; PSY was 26.3 piglets per sow per year in 2025.温氏披露2026年5月肉猪养殖综合成本5.9元/斤，毛鸡出栏完全成本5.7元/斤；2025年PSY为26.3头。
Production & operational metrics生产与运营指标
28 · 2024-02-27 → 2026-05-19
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Disclosures on hog/chicken sales volumes, costs, mortality, PSY, slaughter capacity, and piglet prices.披露生猪/肉鸡销量、成本、死亡率、PSY、屠宰产能及仔猪价格等运营数据。
2024-02-27Wens disclosed that in 2023, its waterfowl, white-feather broiler (including chicks), fresh slaughter, prepared food (cooked), pigeon, and egg businesses all turned profitable.温氏披露2023年水禽、白羽肉鸡（含鸡苗）、鲜品屠宰、预制菜（熟食）、毛鸽、蛋业等业务均实现盈利。
2024-03-04Wens stated that its breeding小区 (farming communities) performance has gradually improved, approaching the cost level of the 'company + farmer' model.温氏股份表示养殖小区养殖成绩逐步提升，基本接近“公司+农户”模式的成本水平。
2024-03-11Wens disclosed that it has 4 pig slaughter projects in operation with total annual capacity of about 4 million head, and 3 projects under construction with total annual capacity of about 3 million head.温氏股份披露共有4个生猪屠宰项目已投入运营，合计年屠宰产能约400万头；另有3个在建项目，合计年屠宰产能约300万头。
2024-03-11Wens disclosed that it upgraded pig farm hardware in northern regions (adding air filtration systems); disease prevention in January-February 2024 was the best in recent years, significantly improved from 2023.温氏股份披露对北方区域养猪场硬件升级（增加空气过滤系统）；2024年1-2月疫病防控效果为近几年同期最好，较2023年大幅改善。
2024-04-01Wens confirmed it allows some regional units to sell surplus piglets externally when production exceeds cooperative farmer demand, but the core 'company+farmer' model remains unchanged.温氏确认允许部分区域单位在产苗量富余时外售仔猪，但核心“公司+农户”模式不变。
2024-04-28Wens 2023 hog sales reached 26.2622 million head (+46.65% YoY), broiler sales 1.183 billion birds (+9.51% YoY), both record highs.温氏2023年肉猪销售2626.22万头（同比+46.65%），肉鸡销售11.83亿只（同比+9.51%），均创历史新高。
2024-04-29Wens disclosed Q1 2024 hog sales volume of 7.18 million head (+28% YoY), broiler sales 267 million birds, piglet cost ~370 yuan/head, hog slaughter rate 92%.温氏披露2024年一季度肉猪销售718万头（同比+28%），肉鸡2.67亿只，猪苗成本约370元/头，肉猪上市率92%。
2024-05-20Wens stated that its April piglet production mortality rate was about 7-8%, basically returning to pre-African swine fever levels.温氏股份表示4月份产保死淘率约7%-8%，基本达到非瘟前水平。
2024-06-07Wens reported May disease prevention results were good, maintaining stable production; PSY ~23, litter-born healthy piglets 11.3.温氏股份报告5月疫病防控效果较好，大生产保持稳定；PSY约23，窝均健仔数11.3。
2025-01-07In an investor relations activity, announced that full-year 2024 hog and chicken sales hit a record high: 30.18 million hogs (including 1.14 million piglets sold externally), 1.208 billion broilers (including 170 million fresh products, up 12% YoY, and nearly 14 million prepared dishes), and nearly 51 million ducks.在投资者关系活动中宣布：2024年全年猪鸡销售量创历史新高，累计销售肉猪3018万头（外销仔猪114万头），肉鸡12.08亿只（鲜品1.7亿只同比增12%，预制菜近1400万只），肉鸭近5100万只。
2025-02-20Wens reported 2024 full-year hog sales of 30.1827 million head (+14.93% YoY) at an average price of RMB 16.71/kg (+12.83% YoY); broiler sales of 1.208 billion head (+2.09% YoY) at an average price of RMB 13.06/kg (-4.60% YoY); both segments saw profit increases due to lower feed costs.温氏股份披露2024年全年销售肉猪3018.27万头（同比+14.93%），均价16.71元/公斤（同比+12.83%）；销售肉鸡12.08亿只（同比+2.09%），均价13.06元/公斤（同比-4.60%）；因饲料原料价格下降，两大业务利润均同比上升。
2025-03-11Wens stated that its PSY indicator in 2024 was close to historical best levels, and it will continue to improve PSY through breed selection, reproduction technology, nutrition, disease control, and environment management.温氏股份表示，2024年PSY指标已接近历史最优水平，将继续通过品种选育、繁殖技术、营养管理、疫病防控和环境控制等环节提升PSY。
2025-03-17Wens stated that its existing hog slaughtering completed capacity is about 5 million head, with an additional 2 million head under construction.温氏股份表示，现有生猪屠宰竣工产能约500万头，另有在建产能约200万头。
2025-05-07April 2025 white-feathered chick sales: 16.70 million chicks, cumulative 62.46 million chicks in 2025.2025年4月销售白羽鸡苗1670万只，2025年累计销售6246万只。
2025-06-012024 annual report: broiler sales 1.208 billion birds, market share 8.41%, cost per bird dropped to 6 yuan/jin, down 0.8 yuan/jin YoY.2024年年报：肉鸡销售12.08亿只，市占率8.41%，完全成本降至6元/斤，同比下降0.8元/斤。
2025-08-27In H1 2025, Wens Foodstuffs sold 16.6166 million hogs (up 15.6% year-on-year), hog revenue 32.735 billion yuan (up 16.26%); sold 598 million broiler chickens (up 9.16%), chicken revenue 15.127 billion yuan (down 9.29%). Hog farming profit ~5.1 billion yuan; chicken farming loss ~1.2 billion yuan (including ~500 million yuan inventory write-down).2025年上半年，温氏股份销售肉猪1,661.66万头（同比增15.6%），肉猪类收入327.35亿元（同比增16.26%）；销售肉鸡5.98亿只（同比增9.16%），肉鸡类收入151.27亿元（同比降9.29%）。养猪业务盈利约51亿元，养鸡业务亏损约12亿元（含存货跌价准备约5亿元）。
2025-10-15Wens responds that average contract farming fee for hog partners is 200-250 yuan per head, varying by performance and region.温氏股份回应称，养猪业务合作农户委托代养费平均为200-250元/头，具体因养殖成绩和区域而异。
2025-12-02Wens reported that in the first 9 months of 2025, it sold 27.668 million pigs (24.992 million fat pigs, 2.676 million piglets), a 28.3% YoY increase; the 2025 fat pig sales target is 33-35 million heads.温氏股份披露2025年1-9月生猪出栏量2766.8万头（肉猪2499.2万头，仔猪267.6万头），同比增长28.3%；2025年肉猪销售目标3300-3500万头。
2025-12-09Wens disclosed that its white-feathered broiler chick business is mainly self-bred, with grandparent stock imported from abroad; the company's pig sales in Guangdong region rank among the top nationally.温氏股份披露白羽鸡苗业务主要为自行繁育，祖代鸡从国外引种；公司在广东区域的生猪出栏量位居全国前列。
2025-12-22Wens disclosed that from January to November 2025, it sold a total of 35.91 million pigs (31.9 million fat pigs, 4.01 million piglets); piglet production cost fell to 250-260 yuan/head in November.温氏股份披露2025年1-11月累计销售生猪3591万头（毛猪和鲜品3190万头，仔猪401万头）；11月猪苗生产成本降至250-260元/头。
2025-12-22Wens disclosed that its PSY (pigs per sow per year) is currently 27 heads, and it will focus on achieving 100% blue ear disease purification coverage.温氏股份披露当前PSY为27头，将重点推进蓝耳净化100%全覆盖。
2025-12-22Wens disclosed that its average pig sales weight was about 238 jin/head in 2023, 245 jin/head in 2024, and about 246 jin/head in the first three quarters of 2025.温氏股份披露2023年生猪销售均重约238斤/头，2024年约245斤/头，2025年前三季度约246斤/头。
2026-01-082025 annual operating data: hog sales 40.4769 million head (+34.11% YoY), revenue 61.477 billion yuan; broiler sales 1.303 billion head (+7.87% YoY), revenue 32.931 billion yuan.2025年度经营数据：生猪销售4047.69万头（同比+34.11%），收入614.77亿元；肉鸡销售13.03亿只（同比+7.87%），收入329.31亿元。
2026-03-09Wens states 2025 broiler fresh product business achieved reasonable profit; current single-shift slaughter capacity ~270 million birds/year; hog slaughter completed capacity ~5 million head, under construction ~2 million head.温氏表示2025年肉鸡鲜品业务实现合理盈利；当前肉鸡屠宰单班产能约2.7亿只/年；生猪屠宰竣工产能约500万头，在建产能约200万头。
2026-03-09Wens plans future fresh and cooked chicken products to account for over 40% of total broiler sales; 2025 fresh sales ~220 million birds (+26% YoY), cooked ~15.5 million birds (+15% YoY).温氏规划未来肉鸡鲜品和熟食制品占肉鸡总销量40%以上；2025年鲜品销售约2.2亿只（同比增26%），熟食约1550万只（同比增15%）。
2026-04-07Company also sold 14.085 million white-feathered broiler chicks in March 2026, cumulative 41.082 million in the year.2026年3月销售白羽鸡苗1408.50万只，当年累计销售4108.20万只。
2026-05-19Wens stated black pig development is on track; some slaughter units are profitable, others exploring profit models; aims to serve food-ingredient transformation strategy.温氏股份表示黑猪产业按规划实施，部分屠宰单位已盈利，其他区域探索盈利模式，服务于食材食品转型战略。
2026-05-19Wens confirmed it has bred a black pig variety with better meat quality and higher price, but current sales volume is still small.温氏股份确认培育有黑猪品种，肉质风味更好、卖价更高，但目前总体销量较小。
Industry outlook & market commentary行业展望与市场评论
11 · 2024-03-04 → 2026-05-19
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Management commentary on industry competition, price trends, and strategic priorities.管理层对行业竞争、价格趋势及战略重点的评论。
2024-03-04Wens stated that in the current depressed chicken and pig market, the livestock and poultry breeding industry is in extreme competition; the company prioritizes stable development and profitability, focusing on improving production efficiency and cost competitiveness.温氏股份表示当前鸡猪低迷行情下，畜禽养殖行业处于极限竞争状态，公司以稳健发展和实现盈利为第一优先事项，聚焦提升生产经营效率和成本竞争力。
2024-05-20Wens predicted H2 pork prices should be better than H1 based on historical consumption seasonality, but warned that secondary fattening and speculative capital could affect prices.温氏股份预测下半年猪价应好于上半年，但警告二次育肥和社会资本可能影响猪价。
2024-06-07Wens stated at a strategy meeting that it expects H2 broiler business to be better than H1, with reasonable profitability, as parent-stock capacity is at historical lows.温氏股份在策略会上表示，预计下半年肉鸡业务行情好于上半年，有望实现合理盈利，因父母代种鸡产能处于历史低位。
2024-06-07Wens disclosed it has engaged in live hog futures hedging on a limited scale, as per its hedging announcement, but actual participation is cautious and infrequent.温氏股份披露已根据套期保值公告，适当尝试开展生猪期货套期保值业务，但实际参与次数和数量不多，态度谨慎。
2024-07-24Wens stated it will prioritize cost control and efficiency improvement in 2024, and will steadily increase breeding scale based on market conditions.温氏表示2024年以“降成本、保盈利”为首要目标，将根据市场情况稳步提升养殖规模。
2024-12-25Wens stated that its chicken and duck farms are operating normally with no detected infectious diseases, and it will continue monitoring and prevention efforts.温氏股份表示目前鸡、鸭养殖场生产正常，未发现感染传染疫病，将持续加强监测和防控。
2025-11-04Wens stated in an investor survey that it expects to sell about 2 million high-quality piglets externally in Q4 2025, and aims for black-hog sales to account for about 5% of total pig sales, targeting to become 'China's No.1 black-hog brand'.温氏在机构调研中表示，预计2025年四季度优质仔猪外销约200万头，并力争未来黑猪出栏占比约5%，目标打造“中国第一黑猪品牌”。
2025-12-08Wens stated that its broiler chicken business plans to maintain an annual growth rate of about 10% in the future, and the current chicken price level allows reasonable profitability.温氏股份表示养鸡业务未来计划保持年均10%左右的目标增速，当前鸡价水平可获得合理盈利。
2025-12-22Wens aims for its 2026 broiler chicken market volume to increase about 10% over 2025; it targets a long-term profit increase of 2 yuan per chicken through marketing innovation, brand upgrade, and food transformation.温氏股份计划2026年肉鸡上市量在2025年基础上增加约10%；中长期目标单只盈利提升2元，通过营销创新、品牌升级、食材食品转型实现。
2026-03-13Wens expects 2026 yellow-feathered chicken (中华土鸡) prices to recover and be better than 2025, based on cycle patterns and consumer market conditions.温氏预计2026年中华土鸡（黄羽肉鸡）价格将好于2025年，呈现恢复性上涨趋势。
2026-05-19Wens expects 2026 Chinese native chicken (yellow-feathered) prices to be better than 2025, with chicken business profitability more certain than pig business.温氏股份预计2026年中华土鸡（黄羽肉鸡）行情好于2025年，养鸡业务盈利确定性高于养猪业务。
Other developments其他动态
6 · 2024-03-05 → 2026-04-14
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Assorted developments not part of a running storyline.未归入某条故事线的零散动态。
2024-03-05Wens stated on its interactive platform that it currently has no business plan for central kitchens.温氏股份在互动平台表示目前没有中央厨房方面的业务规划。
2024-05-20Wens disclosed that in April it paid about 200 yuan/head as entrusted breeding fees to cooperative farmers, and opposes malicious competition by overpaying to poach farmers.温氏股份披露4月份支付给合作农户的委托代养费约200元/头，抵制通过过度提高费用恶意抢夺农户资源的行为。
2025-03-01Wens shares that for the first time since its founding in 1983, annual revenue exceeded RMB 100 billion in 2024, driven by profit growth in pig and chicken farming.温氏股份表示，自1983年成立以来，2024年营收首次突破千亿元，主要受生猪养殖和养鸡业务利润增长带动。
2025-03-18Wens confirmed it holds 77.34% equity in Jinghai Poultry, which primarily sells parent-stock white-feather breeder chicks and commercial white-feather chicks.温氏股份确认持有京海禽业77.34%股权，京海禽业主营父母代白羽种鸡苗和商品代白羽鸡苗销售。
2026-01-202025 cooperative farmer income increased as hog sales volume rose 34.11% YoY and broiler sales volume rose 7.87% YoY.2025年合作农户养殖收益提升，生猪销量同比增长34.11%，肉鸡销量同比增长7.87%。
2026-04-14Company stated that product sales are mainly through B-end wholesale channels, sold directly to customers who distribute nationwide.公司表示产品销售主要以B端大批发渠道为主，直接批发销售给客户，由客户分销至全国各地。
Software copyright registrations软件著作权登记
3 · 2024-03-08 → 2025-02-28
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Registration of new software copyrights for farming, environmental, and management systems.养殖、环保及管理系统的新软件著作权登记。
2024-03-08Wens newly registered software copyright 'Pig Farm Manure Safe Disposal Supporting Land Area and Carrying Capacity Quick Calculation Software V2.0'.温氏股份新注册《猪场粪污安全消纳配套土地面积及承载力快捷测算软件V2.0》软件著作权。
2024-12-13Wens registered two new software copyrights: 'Haoyuntong Poultry Transport System V1.0' and 'Cloud SMS SAAS System V1.0'.温氏股份新注册2项软件著作权：《好运通禽苗运输系统V1.0》和《云短信SAAS系统V1.0》。
2025-02-28Wens newly registered a software copyright for 'Intelligent White-Box Test Case Generation and Execution System V1.0'; R&D investment in H1 2024 was RMB 301 million, up 15.34% YoY.温氏股份新注册《智能白盒测试用例生成和执行系统V1.0》软件著作权；2024年上半年研发投入3.01亿元，同比增15.34%。
Broiler cost & profitability肉鸡成本与盈利
6 · 2024-03-11 → 2026-05-03
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Broiler full cost reduction and profitability trends, including cost per jin and segment profit.肉鸡全成本下降及盈利趋势，包括每斤成本和分部利润。
2024-03-11Wens disclosed that in February 2024, its broiler full cost per jin was about 6.5 yuan; it plans 2024 broiler sales target (including毛鸡, fresh and cooked) to grow 5%-10% year-on-year.温氏股份披露2024年2月毛鸡出栏完全成本约6.5元/斤；计划2024年肉鸡销售奋斗目标同比增长5%-10%。
2024-06-07Wens reported May broiler complete cost fell to about 6 yuan/jin (CNY 12/kg), down ~0.1 yuan/jin MoM; broiler survival rate >95%, feed conversion ratio 2.79.温氏股份报告5月毛鸡出栏完全成本降至约6元/斤，环比下降约0.1元/斤；肉鸡上市率超95%，料肉比2.79。
2025-01-07In an investor relations activity, disclosed that in 2024, the pig business achieved a profit of 8.2-8.4 billion yuan, the chicken business achieved a profit of 2.1-2.3 billion yuan, and other businesses (duck, animal protection, investment, equipment) achieved a combined profit of 0.4-0.5 billion yuan.在投资者关系活动中披露：2024年猪业实现盈利82-84亿元，鸡业实现盈利21-23亿元，其他业务（养鸭、动保、投资、农牧设备）合计盈利4-5亿元。
2025-03-04Wens reported that its pig business achieved a profit of RMB 8.2-8.4 billion and its chicken business achieved a profit of RMB 2.1-2.3 billion in 2024; other businesses (duck, animal protection, investment, equipment) combined profit was RMB 0.4-0.5 billion.温氏股份报告，2024年猪业实现盈利82-84亿元，鸡业实现盈利21-23亿元；其他业务（养鸭、动保、投资、设备）合计盈利4-5亿元。
2025-12-01Wens disclosed that in October 2025, its comprehensive cost for live pig farming was about 6.1 yuan/jin, and the complete cost for broiler chicken was 5.7 yuan/jin; in 2024, it sold 13.5 million cooked chicken products.温氏股份披露2025年10月肉猪养殖综合成本约6.1元/斤，毛鸡出栏完全成本5.7元/斤；2024年肉鸡熟食业务销售1350万只。
2026-05-03Wens disclosed March broiler chicken sales price at 11.93 yuan/kg, full cost at 11.4 yuan/kg, achieving reasonable profit in chicken business.温氏股份披露3月毛鸡销售均价11.93元/公斤，完全成本11.4元/公斤，养鸡业务有合理盈利。
Breeding technology & gene chip育种技术与基因芯片
8 · 2024-04-30 → 2025-12-22
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Development of pig gene-editing, genomic breeding, and proprietary breeding chips (PorcineWENS 100K, Wenxin 2).猪基因编辑、基因组育种及自主育种芯片（PorcineWENS 100K、温芯2号）开发。
2024-04-30Wens stated it has mastered pig gene-editing breeding technology and is at the forefront domestically, but has no involvement in medical xenotransplantation.温氏表示已掌握猪基因编辑育种技术，研究走在国内前列，但未涉及医学异种器官移植领域。
2024-08-30Wens showcased its self-developed 'Wenxin 2' pig gene breeding chip at an investor event, which can predict growth rate, reproduction and meat quality at birth, shortening breeding time and improving selection accuracy.温氏股份在投资者活动中展示自主研发的'温芯2号'猪基因育种芯片，可在仔猪出生时预测其长速、繁殖性能和肉质，缩短育种时间并提高选种准确度。
2024-09-14Wens partnered with Suzhou Laso Biochip to jointly develop the first fully domestically produced solid-phase pig breeding chip 'PorcineWENS 100K' (100K SNP, replacing 55K), achieving complete domestic substitution.温氏股份与苏州拉索生物芯片合作，共同开发出国产固相猪育种芯片“PorcineWENS 100K”（100K SNP，替代55K），实现完全国产替代。
2024-10-08CCTV-17 special report highlighted Wens' independent breeding achievements: 'Huanong Wens No.1 Pig' and 'WS501 Pig' new breed systems (lean meat rate 65-66%), applied in 550+ farms across 23 provinces, cumulative slaughter over 150 million pigs; gene chip technology for breeding selection.CCTV-17特别报道温氏自主育种成果：培育出'华农温氏I号猪'和'WS501猪'两个种猪新配套系（瘦肉率65%-66%），在全国23个省市550余家养猪场应用，累计出栏肉猪1.5亿多头；采用基因芯片技术进行育种选择。
2024-10-25Announced a breakthrough in lean-type pig genomic breeding technology: independently established a genomic breeding technology system, breaking foreign gene chip monopoly; built a reference population of 95,000 pigs, applied to 12 specialized lines for localized selection, enabling early pre-weaning selection.宣布瘦肉型种猪基因组育种技术突破：自主建立基因组育种技术体系，打破国外基因芯片垄断；构建9.5万头参考群体，应用于12个专门化品系本土化选育，实现断奶前早期选择。
2025-03-04Wens stated that it has a dedicated breeding company and a complete breeding system, achieving self-sufficiency in sows and not requiring large-scale external purchases.温氏股份表示，公司拥有专门的种猪育种公司，育种体系完备，实现母猪自给自足，暂不需要大量外购。
2025-08-26Wens Foodstuffs President Li Shaosong proposed at a Guangdong provincial conference on modern industrial system construction: prioritize national core pig breeding farms, designate 3-km no-livestock zones for biosafety; accelerate gene-editing breeding industrialization; establish market-based technical service fee mechanisms with tax exemption.温氏股份总裁黎少松在广东省加快推进现代化产业体系建设专题会议上提出建议：给予国家生猪核心育种场优先地位，划定3公里禁养区保障生物安全；加快基因编辑等生物育种产业化；建立市场化技术服务收费机制并免税。
2025-12-22Wens plans to cultivate 'five-high' breeding pigs (high reproduction, health, quality, resilience, resistance) and aims for piglet sales to account for 5%-10% of total pig sales; black pig sales target about 5%.温氏股份计划培育“五高”种猪（高繁殖、高健康、高品质、高韧性、高抗力），仔猪销售规模目标占生猪总销售5%-10%，黑猪销售占比约5%。
Convertible bond & debt instruments可转债与债务工具
12 · 2024-05-21 → 2026-05-13
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Management of Wens Convertible Bond (123107), USD notes, and corporate bond issuance.温氏转债（123107）、美元票据及公司债发行管理。
2024-05-21Wens announced that its convertible bond 'Wens Convertible Bond' (123107) triggered the additional put option, with a put price of 100.226 yuan per bond, and the put declaration period from May 23 to May 29, 2024.温氏股份公告“温氏转债”（123107）触发附加回售条款，回售价格100.226元/张，回售申报期为2024年5月23日至5月29日。
2024-07-01Wens' convertible bonds (Wens Convertible Bond) reduced by about 15.08 million yuan in Q2 2024, with about 890,000 shares converted; remaining face value about 7.724 billion yuan.温氏转债2024年第二季度因转股减少约1508万元，转股约89万股；剩余面值约77.24亿元。
2024-10-28On-market repurchase of USD 34.8 million principal amount of its GWFOOD 2.349% notes due 2025 (ISIN: XS2239632776), about 9.94% of the original outstanding; the repurchased notes were cancelled, leaving USD 181.385 million outstanding.场内回购本金金额3480万美元的GWFOOD 2.349% 2025年到期票据（ISIN: XS2239632776），约占原发行本金总额的9.94%；回购票据已注销，未偿余额为1.81385亿美元。
2024-11-11Adjusted conversion price of 'Wens Convertible Bond' (123107) from 16.94 yuan/share to 16.79 yuan/share, effective Nov 18, 2024.调整“温氏转债”转股价格，由16.94元/股调整为16.79元/股，自2024年11月18日生效。
2025-04-17Repurchased and cancelled USD 13.151 million of the 2025 notes (3.76% of outstanding) and USD 6 million of the 2030 notes (2.40% of outstanding) in the open market.在市场上回购并注销了2025年票据本金1315.1万美元（占3.76%）和2030年票据本金600万美元（占2.40%）。
2025-06-21Lianhe Credit Rating assigned 'AAA' rating to the company's proposed convertible bonds on the ChiNext board.联合资信授予公司创业板可转债信用评级为AAA。
2025-08-10Wens Foodstuffs' 5 billion yuan public bond issuance project (small public offering) was accepted by the Shenzhen Stock Exchange on August 8, 2025. Proceeds will be used for working capital, project construction, and debt repayment.温氏股份50亿元小公募债项目状态更新为“已受理”，受理日期为2025年8月8日，募集资金拟用于补充流动资金、投资项目建设、偿还公司债务。
2025-10-01Wens Foodstuffs receives CSRC approval to publicly issue up to 5 billion yuan in corporate bonds to professional investors, valid for 24 months.温氏食品集团获得中国证监会批复，同意向专业投资者公开发行不超过50亿元公司债券，有效期24个月。
2025-10-27Wens Convertible Bond (Wens Zhuan Zhai) resumes conversion from November 3, 2025, after dividend adjustment; conversion price adjusted to 16.29 yuan per share.温氏转债在权益分派后自2025年11月3日起恢复转股，转股价格调整为16.29元/股。
2025-10-30Wens completes principal and interest repayment of its USD-denominated bond (XS2239632776, coupon 2.349%) as of October 29, 2025.温氏股份于2025年10月29日完成美元债券（XS2239632776，票面年息2.349%）的本息兑付。
2025-11-24Wens announced that the 'Wens Convertible Bond' (bond code 123107) put option period ended on November 21, 2025, with zero bonds tendered for put-back.温氏公告“温氏转债”（债券代码123107）回售申报期于2025年11月21日结束，本次回售申报数量为0张。
2026-05-13Wens' convertible bondholders meeting approved the resolution to change part of the raised funds usage plan.温氏转债2026年第一次债券持有人会议审议通过《关于变更部分募集资金使用计划的议案》。
AI & digital transformation人工智能与数字化转型
17 · 2024-05-24 → 2026-03-26
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Deployment of AI in farming, digital platforms (HR, cloud), and partnerships with Huawei and Kingdee.AI养殖部署、数字化平台（HR、云）及与华为、金蝶的合作。
2024-05-24UnionPay Business reached a cooperation with Wens Group to deploy the 'Yinshang Brain RPA' project to automate bank account reconciliation and data import for over 20 banks and hundreds of U-keys.银联商务与温氏集团合作上线银商大脑RPA项目，自动化处理20多家银行上百个UKEY的资金流水核对与系统导入。
2024-06-14Wens launched a human resources digital-integration platform project in partnership with Kingdee and Xinong Hulian.温氏股份携手金蝶和欣农互联启动人力资源数智一体化平台项目。
2025-01-16On the investor interactive platform, disclosed that since signing a strategic cooperation agreement with Huawei Technologies Co., Ltd. in 2021, the two sides have achieved good results in digital transformation and technological innovation; the company will continue to introduce cloud computing, IoT, big data, and AI technologies.在投资者互动平台披露，自2021年与华为技术有限公司签署战略合作协议后，双方在数字化转型及技术创新体系等方面已取得良好成果；未来将继续引入云计算、物联网、大数据、AI等数字化技术。
2025-02-18Wens stated on the investor互动 platform that it is actively embracing AI technology, with mature applications in AI breeding scenarios such as gestation houses, farrowing houses, family farms, chick counting, intelligent immunization, and biosecurity; AI breeding has not yet directly contributed operating profit.温氏股份在互动平台表示，公司积极拥抱人工智能技术，在AI养殖场景（配怀舍、分娩舍、家庭农场、出苗点数、智能免疫、生物安全防控）有成熟应用案例；AI养殖暂未直接贡献营业利润。
2025-02-21Wens stated on the investor互动 platform that it has built and deployed an internal DeepSeek model platform to assist production, operation, and management, improving work efficiency and quality.温氏股份在互动平台表示，公司已搭建部署了内部的DeepSeek模型平台，用于辅助生产、经营和管理，提升工作效率和质量。
2025-03-28Wens newly registered software copyrights for 'Feed Mill Operation and Maintenance Management Platform V1.0', 'Point Cloud Pig Weight Estimation System V1.0', and 'Pig Posture Estimation Online Image Display System V1.0'. In 2025 YTD, 4 new software copyrights were registered, up 100% YoY.温氏股份新注册了《饲料厂运维管理平台V1.0》、《点云猪只估重系统V1.0》、《猪只姿态估计在线图像显示系统V1.0》等软件著作权。2025年以来新注册4个，同比增加100%。
2025-04-22Registered a new software copyright 'Multimodal Pig Weight Estimation System V1.0'. In 2025, 5 software copyrights have been registered, up 150% YoY.新注册《多模态猪只估重系统V1.0》软件著作权；2025年已注册5项，同比增长150%。
2025-05-10Registered 4 new software copyrights: Feed Nutrition Intelligent Analysis Optimization System V1.0, Biosafety Risk Assessment Early Warning Management System V1.0, Poultry Health Data Real-time Monitoring Analysis System V1.0, Poultry Farming Environment Intelligent Monitoring System V1.0.新注册4项软件著作权：《饲料营养成分智能分析优化系统V1.0》《生物安全风险评估预警管理系统V1.0》《家禽健康数据实时监测分析系统V1.0》《家禽养殖环境智能监控系统V1.0》。
2025-05-10Registered software copyright: Poultry Disease Purification Comprehensive Treatment Tracking System V1.0.新注册《禽病净化综合处理追踪系统V1.0》软件著作权。
2025-05-15Registered software copyright: Environmental Control Data Online Closed-loop Management System V1.0.新注册《环控数据线上化闭环管理系统V1.0》软件著作权。
2025-08-02Wens Foodstuffs newly registered a software copyright for 'ICT Infrastructure Management System V1.3'. In 2025, it has registered 12 software copyrights, up 140% year-on-year. R&D spending in 2024 was 675 million yuan, up 13.99% year-on-year.温氏股份新注册《ICT基础设施管理系统V1.3》软件著作权。2025年以来新注册软件著作权12个，较去年同期增加140%。2024年研发投入6.75亿元，同比增13.99%。
2025-09-10Wens stated it is actively developing AI-driven farming as new productive force, with mature applications in demonstration pig farms (gestation, farrowing, family farms, chick counting, smart immunization, biosecurity), but AI farming has not yet directly contributed operating profit.温氏股份表示积极培育AI养殖新质生产力，在示范猪场配怀舍、分娩舍、家庭农场、出苗点数、智能免疫和生物安全防控等场景有成熟应用，但暂未直接贡献营业利润。
2025-11-01Wens signed a strategic cooperation framework agreement with Huawei to jointly build and maintain the 'Wens Cloud', focusing on IT+BT integration, digital infrastructure, digital energy, and hardware-software joint innovation for smart farming.温氏与华为签署战略合作框架协议，共建共维“温氏云”，聚焦IT+BT融合、数字化基础设施、数字能源及软硬件联合创新，打造智慧养殖。
2026-01-13Wholly-owned subsidiary Wens Investment disclosed investments in agricultural intelligent robotics technology and AI farming, focusing on the farming and food industry chain.全资子公司温氏投资披露布局农牧业智能化机器人技术和AI养殖，聚焦农牧食品产业链。
2026-01-31Batch acceptance of 80+ pig farm intelligent achievements from Lasete, marking scalable replication of AI+livestock solutions.批量验收拉塞特80+猪场智能化成果，标志AI+养殖解决方案具备规模化复制条件。
2026-03-17Wens says it has invested over 3 billion yuan in digital transformation over the past decade, deploying cloud computing, big data, and AI in farming, including 'Mushitong' system and 'pig farm six-zero' unmanned scenarios.温氏表示近10年累计投入超30亿元用于数字化转型，在养殖中部署云计算、大数据和AI，包括‘牧视通系统’和‘猪场六无’无人场景。
2026-03-26Wens deepens 'AI + agriculture' strategy, building an 'enterprise brain' based on WPS 365 to empower production management, quality control, and customer service, extending from disease warning and gene breeding to operations.温氏深化‘AI+农业’战略，基于WPS 365打造‘企业大脑’，赋能生产管理、质量控制和客户服务，从疾病预警、基因育种延伸至运营管理。
Legal & compliance issues法律与合规问题
8 · 2024-05-24 → 2025-03-11
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Enforcement cases against subsidiaries, consumer complaints, and regulatory violations.子公司被执行案件、消费者投诉及监管违规。
2024-05-24Wens' wholly-owned subsidiary Qujing Malong Wens Animal Husbandry Co., Ltd. was added as a person subject to enforcement with an execution target of 6.6182 million yuan.温氏股份全资子公司曲靖市马龙区温氏畜牧有限公司新增被执行人信息，执行标的661.82万元。
2024-05-29Wens' wholly-owned subsidiary Wuwei Wens Poultry Co., Ltd. was added as a person subject to enforcement with an execution target of 75,900 yuan.温氏股份全资子公司无为温氏家禽有限公司新增被执行人信息，执行标的7.59万元。
2024-06-21A consumer complaint against Wens for food safety (online purchase) was filed on April 17; mediation failed on June 21, handled by Yunfu Xinxing market regulator.一起针对温氏股份的食品安全消费者投诉（网购）于4月17日提交，6月21日调解未达成协议，由云浮市新兴县市场监督管理局处理。
2024-07-28Wens-controlled subsidiary Inner Mongolia Kangjian Meat Food Co., Ltd. (64.91% stake) received a new consumption restriction order (case no. (2024) Nei 0403 Zhi 1311).温氏控股的内蒙古康健肉类食品有限公司（持股64.91%）新增一条限制消费令（案号(2024)内0403执1311号）。
2024-08-03Wens-controlled Inner Mongolia Kangjian Meat Food Co., Ltd. added an enforcement case (execution target 93,300 yuan) on August 1, 2024.温氏股份控股的内蒙古康健肉类食品有限公司于2024年8月1日新增一条被执行人信息，执行标的9.33万元。
2024-08-21Wens-controlled Inner Mongolia Kangjian Meat Food Co., Ltd. added another enforcement case (execution target 10,600 yuan) on August 18, 2024.温氏股份控股的内蒙古康健肉类食品有限公司于2024年8月18日新增一条被执行人信息，执行标的1.06万元。
2024-11-26A consumer complaint was filed against Sanming Wens Food Co. on Nov 23, 2024, alleging food safety issues with meat products; mediation failed on Nov 25.三明温氏食品有限公司新增1件消费者投诉，涉及食品安全问题，2024年11月25日调解未达成协议。
2025-03-11Wens' subsidiary Guangdong Wens Investment Co., Ltd. was found to have multiple violations in private fund management, including failure to establish related-party transaction rules, lack of suitability internal controls, and unregistered fund products.温氏股份子公司广东温氏投资有限公司在私募基金管理中存在多项违规，包括未建立关联交易管理制度、未制定适当性内部管理制度、个别基金产品未备案等。
ESG & green technologyESG与绿色技术
3 · 2024-05-27 → 2026-06-22
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Greenhouse gas data correction, green farming tech (bacteria-algae-duckweed), and sustainability report.温室气体数据修正、绿色养殖技术（菌-藻-萍）及可持续发展报告。
2024-05-27Wens corrected its 2023 greenhouse gas emission data: direct emissions (Scope 1) should be 190,010 tCO2e, indirect emissions (Scope 2) should be 1,047,261 tCO2e, total 1,237,270 tCO2e.温氏股份更正2023年温室气体排放数据：直接排放（范围1）应为190010吨，间接排放（范围2）应为1047261吨，总排放1237270吨。
2026-06-05Wens released its 2025 Sustainability Report, detailing ESG governance, green farming (zero-carbon pasture with solar, biogas, manure recycling), and digital-smart farming progress.温氏发布2025年可持续发展报告，详述ESG治理、绿色养殖（零碳牧场集成光伏、沼气、粪污资源化）及数智养殖进展。
2026-06-22Wens, together with South China Agricultural University and Yikang Ecology, developed a 'bacteria-algae-duckweed' co-production process that converts wastewater into high-protein feed (microalgae, duckweed) and biogas, selected as a national key R&D demonstration project under the 14th Five-Year Plan.温氏联合华南农业大学、益康生态成功研发“菌-藻-萍”协同联产工艺，将养殖废水转化为微藻、浮萍等高蛋白饲料原料并产出沼气，入选农业农村部“十四五”国家重点研发计划示范项目。
Dividend policy分红政策
7 · 2024-06-12 → 2026-06-16
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Cash dividend proposals and distributions from annual and interim profits.年度和中期利润的现金分红提案及分配。
2024-06-12Wens announced 2023 annual cash dividend: CNY 1.00 per 10 shares, total CNY 665 million, ex-dividend date June 19, 2024.温氏股份公告2023年度权益分派：每10股派发现金红利1.00元，合计派发6.65亿元，除权除息日为2024年6月19日。
2024-10-22Proposed first-three-quarters 2024 profit distribution: cash dividend of 1.5 yuan (pre-tax) per 10 shares, total payout approximately 995 million yuan.2024年前三季度利润分配预案：向全体股东每10股派发现金1.5元（含税），合计派发现金约9.95亿元。
2024-11-11Announced 2024 first-three-quarters cash dividend of 1.5 yuan per 10 shares (total 992.73 million yuan), ex-dividend date Nov 18, 2024.宣布2024年前三季度权益分派：每10股派1.5元（含税），合计派发现金9.927亿元，除权除息日为2024年11月18日。
2025-05-19Company stated it has requested shareholder meeting authorization for the board to formulate a 2025 interim cash dividend plan and implement it within the specified period.公司已提请股东大会授权，由董事会制定2025年中期现金分红方案并在规定期限内实施。
2025-09-08Wens stated that the board has obtained annual shareholder meeting authorization to continue last year's practice, expecting to implement cash dividends in Q4 2025.温氏股份表示，董事会已获年度股东大会授权，将延续去年做法，预计在2025年四季度实施现金分红。
2025-10-21Proposes 2025 first-three-quarters dividend: 3 yuan per 10 shares (tax included), total distribution 1.994 billion yuan, based on 6.646 billion shares excluding treasury shares.提议2025年前三季度利润分配预案：每10股派发现金3元（含税），合计派发19.94亿元，以剔除回购股份后的66.46亿股为基数。
2026-06-16Wens announced 2025 cash dividend: RMB 2.00 per 10 shares (tax included), with record date on June 23, 2026.温氏发布2025年度权益分派：每10股派2元人民币现金（含税），股权登记日为2026年6月23日。
Awards & certifications奖项与认证
3 · 2024-06-27 → 2026-06-01
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Rankings (Top 500 Private Enterprises), skill certifications, and inclusion in concept lists.排名（民企500强）、技能认证及入选概念板块。
2024-06-27Wens was added to the 'Rural Revitalization' concept list by Tonghuashun, citing its 45,000+ contracted farming households.温氏股份被同花顺新增纳入“乡村振兴”概念，因其拥有超过4.5万户合作农户。
2025-08-30Wens Foodstuffs ranked 95th on the '2025 China Top 500 Private Enterprises' list released by the All-China Federation of Industry and Commerce, with 2024 annual revenue of 104.924 billion yuan, up 16.68% year-on-year, surpassing 100 billion yuan for the first time.温氏股份位列全国工商联发布的“2025中国民营企业500强”第95位，2024年全年营业总收入1049.24亿元，同比增长16.68%，首次突破千亿元大关。
2026-06-01Wens completed the second batch of vocational skill certifications in 2026, covering over 800 employees across 20+ trades (e.g., safety officers, electricians, feed processors), advancing its national high-skilled talent training base.温氏完成2026年第二期职业技能等级认定，覆盖800余名员工、20余个职业（工种），推进国家级高技能人才培训基地建设。
Financial & capital market events财务与资本市场事件
10 · 2024-07-17 → 2026-05-22
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Block trades, share buyback loans, bond issuance, guarantee proposals, and registered capital changes.大宗交易、回购贷款、债券发行、担保议案及注册资本变更等。
2024-07-17A block trade of 158 million yuan occurred at 16.3 yuan/share, a 20.64% discount to the closing price; buyer was CICC Wealth Securities Yunfu Xinxing Dongdi North Road branch, seller was Central China Securities Huaxian Wenming Road branch.发生1.58亿元大宗交易，成交价16.3元/股（较收盘价折价约20.64%），买方为中金财富证券云浮新兴东堤北路营业部，卖方为中原证券滑县文明路营业部。
2024-10-20Signed a loan contract with Agricultural Bank of China for up to 1 billion yuan (interest rate ≤2.25%, 1-year term) and received a loan commitment letter from Bank of China for up to 1 billion yuan, both for share buyback.与中国农业银行签署《流动资金借款合同》，借款金额不超过10亿元（利率≤2.25%，期限1年）；并收到中国银行出具的《贷款承诺函》，承诺贷款金额不超过10亿元，均用于回购公司股票。
2024-10-22Announced the convening of the 2nd extraordinary general meeting of shareholders on November 7, 2024, to consider the profit distribution proposal and a proposal to change registered capital and amend the company's articles of association.公告将于2024年11月7日召开2024年第二次临时股东大会，审议利润分配预案及变更注册资本和修改公司章程的议案。
2024-11-11Adjusted share buyback price cap from 27.01 yuan/share to 26.86 yuan/share, effective Nov 18, 2024.调整回购股份价格上限，由27.01元/股调整为26.86元/股，自2024年11月18日起生效。
2024-11-22Board approved a proposal to provide raw material procurement loan guarantees to wholly-owned and controlled subsidiaries, to be voted at the Dec 10 shareholder meeting.董事会审议通过《关于公司向全资子公司及控股子公司提供原料采购货款担保的议案》，将提交12月10日股东大会审议。
2025-04-23Proposes to publicly issue corporate bonds of up to 5 billion yuan, with a maturity of up to 10 years, for working capital, project investment, and debt repayment.拟面向合格投资者公开发行不超过50亿元公司债券，期限不超过10年，用于补充流动资金、项目建设及偿还债务。
2025-06-27Board approved providing up to 100 million yuan in guarantee for cooperative farmers' bank loans.董事会审议通过为合作养殖户申请银行小额贷款提供不超过1亿元担保。
2025-07-23Company stated it has no current share reduction plans from controlling shareholder, 5%+ shareholders, directors, supervisors, or senior management.公司表示控股股东、持股5%以上股东、董事、监事及高级管理人员目前不存在减持计划。
2025-10-22Board approves providing up to 1.11396 billion yuan in raw material procurement guarantees for 118 wholly-owned and 47 controlled subsidiaries, valid until December 31, 2027.董事会同意为118家全资子公司及47家控股子公司提供不超过11.1396亿元的原料采购货款担保，有效期至2027年12月31日。
2026-05-22Wens completed industrial and commercial registration change for registered capital, obtaining a new business license from Yunfu Market Supervision Bureau.温氏股份完成注册资本工商变更登记，取得云浮市市场监督管理局换发的《营业执照》。
Strategic partnerships & customer events战略合作与客户活动
14 · 2024-07-23 → 2026-04-16
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Cooperation with CCTV, Qi-Anxin, Cargill, Bluestar Adisseo, Yirui Bio, and customer exchange events.与央视、奇安信、嘉吉、蓝星安迪苏、易瑞生物的合作及客户交流活动。
2024-07-23Wens VP Sun Fen visited China Animal Husbandry Group (中牧集团) to discuss raw material supply cooperation, aiming to strengthen collaboration and improve cost efficiency.温氏副总裁孙芬到访中牧集团，讨论原料供应合作，旨在加强协同、降本增效。
2024-08-06Wens held a customer exchange event at its headquarters in Guangdong Xinxing, showcasing its whole industry chain from R&D to processed food, including prefabricated dishes.温氏股份在广东新兴总部举办客户游学交流活动，展示从研发到加工的全产业链，包括预制菜产品。
2024-08-22Wens signed a designated product cooperation agreement with CCTV's 'A Bite of China (Season 4)' as the designated product partner.温氏食品与中央广播电视总台《舌尖上的中国（第四季）》签署指定产品合作协议，成为指定产品合作方。
2024-10-23Launched a cooperation to build a livestock industry data space with Zhongxin Breeding, Dahuanong, the National Key Laboratory of Data Space Technology and Systems, South China Agricultural University, the National Engineering Research Center for Pig Breeding, and Xinong Internet, aiming to integrate data across breeding, feed, veterinary drugs, and sales.与中芯种业、大华农、数据空间技术与系统全国重点实验室、华南农业大学、国家生猪种业工程技术研究中心、欣农互联等合作，启动共建养殖农业（行业）数据空间，整合育种、饲料、兽药及销售等数据。
2024-12-16Wens, together with Lihua, Dekang, Xiangjia, Liyuan and industry media Xin Qin Kuang, co-founded the 'Chinese Native Chicken Food Culture Promotion Center' to promote native chicken cuisine culture.温氏股份与立华股份、德康集团、湘佳股份、力源集团及行业媒体新禽况共同发起成立“中华土鸡美食文化推广中心”。
2024-12-18Wens signed a strategic cooperation agreement with Qi-Anxin Group to collaborate on cybersecurity, data security, and AI security, focusing on big data security for farming and IoT security in livestock breeding.温氏股份与奇安信集团签署战略合作协议，在网络安全、数据安全及人工智能安全领域合作，推动养殖农业大数据安全和养殖物联网安全。
2025-05-20Wens Group and Yirui Bio (Shenzhen) held talks to deepen cooperation in animal disease prevention, food safety testing, joint R&D, product customization, and成果转化.温氏集团与易瑞生物就动物疫病防控、食品安全检测、联合研发、产品定制化及成果转化等领域深化合作进行会谈。
2025-10-20Wens deepens strategic cooperation with Bluestar Adisseo (subsidiary of Sinochem) to integrate nutrition technology and scaled farming, jointly develop animal nutrition additives, precision feeding, and green digital farming.温氏股份与蓝星安迪苏（中化集团旗下）深化战略合作，整合营养科技与规模化养殖，联合研发动物营养添加剂、精准饲喂及绿色数字化养殖。
2025-12-19Wens signed a strategic cooperation framework agreement with Cargill Investments (China) Co., Ltd. to deepen cooperation in feed raw material supply, information sharing, and new business development.温氏股份与嘉吉投资（中国）有限公司签署战略合作框架协议，深化饲料原料供应、信息共享、新业务开发等领域合作。
2026-03-23Wens signs strategic cooperation agreement with Yuanji Food (袁记食品), focusing on hog custom farming, slaughtering, and pork segmentation supply, leveraging Wens' black pig breeding strategy.温氏与袁记食品签署战略合作协议，聚焦生猪定养、屠宰及猪肉分割业务，发挥温氏黑猪养殖战略优势。
2026-04-08Company confirmed that Mo's Chicken Pot core uses Wens Qingyuan Ma Capon, a variety under Wens 'Zhonghua Tu Ji' (Chinese native chicken) system.公司确认莫氏鸡煲核心选用温氏清远麻阉鸡，是温氏“中华土鸡”体系中的品种之一。
2026-04-13Company responded that the promised 1000 chickens to Mo's Chicken Pot have not yet been delivered due to handover issues; further cooperation ideas are being discussed.公司回应承诺向莫氏鸡煲赠送的1000只鸡因交付衔接问题尚未送出，正在沟通更多合作想法。
2026-04-15First batch of 300 Wens Zhonghua Tu Ji (Chinese native chickens) delivered to Mo's Chicken Pot; remaining 700 to be delivered in batches. Company and Mo's discussing long-term customized supply and food traceability models.首批300只温氏中华土鸡交付莫氏鸡煲，剩余700只分批送达；双方探讨定制化长期供应、食材溯源等新模式。
2026-04-16Mo's Chicken Pot owner stated that after selling the delivered chickens, he will donate RMB 100,000 to local government for public welfare.莫氏鸡煲店主表示，售出交付的鸡后将捐出10万元给当地政府支持公益事业。
Executive & governance高管与治理
3 · 2024-08-26 → 2026-01-08
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Auditor change, board meeting approvals, shareholder meeting notices, and articles amendment.审计师变更、董事会决议、股东大会通知及章程修订。
2024-08-26Wens board meeting approved the 2024 semi-annual report and adjusted the borrowing interest rate for some raised funds directed to specific investment projects.温氏股份董事会会议审议通过2024年半年度报告，并调整部分投向募投项目实施主体的募集资金借款利率。
2025-07-23Company confirmed it will release 2025 semi-annual report on August 28, 2025, and is not required to issue a semi-annual performance forecast under GEM listing rules.公司确认将于2025年8月28日披露2025年半年度报告，根据创业板上市规则不强制披露半年度业绩预告。
2026-01-08Auditor changed: HuaXing Accounting Firm replaced signing CPA Deng Jianhai with Ma Yunshan for the 2025 annual audit.审计机构变更：华兴会计师事务所将2025年度签字注册会计师邓建海更换为马云山。
Acquisitions & venture capital收购与风险投资
15 · 2024-08-27 → 2026-06-05
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Acquisition of Yuncheng Herui, investment in Wenrun funds, and other equity investments.收购筠诚和瑞、投资温润基金及其他股权投资。
2024-08-27Wens' wholly-owned subsidiary Guangdong Wens Investment Co., Ltd. will invest up to 290 million yuan in the Wenrun (Shaanxi) New Materials Manufacturing Private Equity Fund (total size up to 600 million yuan), focusing on new materials, aerospace and advanced manufacturing.温氏股份全资子公司广东温氏投资有限公司出资不超过2.9亿元参与投资温润（陕西）新材制造私募股权投资基金（基金规模不超过6亿元），聚焦新材料、航天航空等先进制造领域。
2024-11-15Established Shaanxi Wenrun Materials Manufacturing Venture Capital Partnership (limited partnership) with capital of 600 million yuan, involving Wens subsidiary Guangdong Wens Investment Co., Xi'an Innovation Investment Fund, and Shaanxi Provincial Government Investment Guidance Fund.成立陕西温润材料智造创业投资合伙企业（有限合伙），出资额6亿元，由温氏股份旗下广东温氏投资有限公司、西安市创新投资基金、陕西省政府投资引导基金等共同出资。
2024-12-13Wens announced acquisition of 91.38% equity in Yuncheng Herui Environmental Technology Group for 1.609745 billion yuan in cash (using 1.607 billion yuan from convertible bond proceeds and own funds), making it a wholly owned subsidiary; Yuncheng Herui focuses on agricultural environmental protection, waste resource utilization, and biomass energy.温氏股份公告拟以现金16.097452亿元收购筠诚和瑞环境科技集团91.38%股权（使用可转债募资16.07亿元及自有资金），完成后实现100%控股；标的公司专注三农环保、养殖废弃物资源化利用和生物质能源。
2024-12-16Wens clarified that the acquisition of Yuncheng Herui does not constitute a major asset重组 under the 'Measures for the Administration of Major Asset Restructuring of Listed Companies'.温氏股份说明收购筠诚和瑞不构成《上市公司重大资产重组管理办法》规定的重大资产重组。
2025-01-02Subsidiary Guangdong Wens Investment Co., Ltd. completed the filing of the Shaanxi Wenrun Material Manufacturing Venture Capital Partnership (fund code SARA79), with a custodian bank of China Merchants Bank, filed on Dec 26, 2024.全资子公司广东温氏投资有限公司参与的陕西温润材料智造创业投资合伙企业（备案编码SARA79）已完成私募投资基金备案，托管人为招商银行，备案日期2024年12月26日。
2025-02-10Wens announced it will acquire 91.38% equity of Juncheng Herui Environmental Technology Group for RMB 1.6 billion in cash, and also repurchase 13.94% equity of Guangdong Wens Dairy due to its failure to IPO by end-2024; Wens Dairy reported a loss of over RMB 200 million in 2024.温氏股份宣布拟以16亿元现金收购筠诚和瑞环境科技集团91.38%股权；同时因温氏乳业未能在2024年底前上市，回购其13.94%股权，温氏乳业2024年亏损超2亿元。
2025-04-15Controlling Sun-subsidiary Guangdong Wens Breeding Pig Technology Co., Ltd. will acquire 100% of Fujian Hake Ecological Agriculture Co., Ltd. for 119 million yuan in cash.控股孙公司广东温氏种猪科技以现金1.19亿元收购福建哈客生态农业有限公司100%股份。
2025-05-30Acquisition of Guangdong Yuncheng Herui Environmental Technology Group (筠诚和瑞) 91.38% equity for 1.6097 billion yuan received unconditional antitrust approval on 2025-04-24; post-acquisition Wens holds 100%.以16.0974亿元收购广东筠诚和瑞环境科技集团91.38%股权案于2025年4月24日获无条件反垄断批准，收购完成后温氏将持有其100%股权。
2025-07-15Wholly owned subsidiary Guangdong Wens Investment plans to invest up to 160 million yuan in Wenrun Biomanufacturing Venture Capital Fund, focusing on biomanufacturing and agricultural technology unlisted companies.全资子公司广东温氏投资拟出资不超过1.6亿元参与投资温润生物制造创业投资基金，投向生物制造、农业科技等领域未上市企业。
2025-10-20Wens, via subsidiary Guangdong Wens Investment, jointly establishes Wenrun Agricultural Biotechnology (Yunnan) Venture Capital Fund Partnership (limited partnership) with a capital of approximately 480 million yuan, focusing on agricultural biotech venture investments.温氏股份通过子公司广东温氏投资等共同出资设立温润农业生物科技（云南）创业投资基金合伙企业，出资额约4.8亿元，专注农业生物科技创业投资。
2025-11-13Wens' subsidiary Guangdong Wens Investment, together with related parties and professional investors, completed the filing of the Wenrun Agricultural Biotechnology (Yunnan) Venture Capital Fund Partnership (温润生物基金) with the Asset Management Association of China.温氏全资子公司广东温氏投资与关联方及专业投资机构共同投资的温润农业生物科技（云南）创业投资基金合伙企业（有限合伙）完成私募投资基金备案。
2026-02-27Wens Investment, a wholly-owned subsidiary of Wens Foodstuffs, became the largest shareholder of Qingdao Shuang'an Biotechnology with a 48.18% stake, after investing up to 147 million yuan for equity transfer and capital increase; Shuang'an must achieve cumulative net profit of at least 60 million yuan from 2026 to 2028 and 105 million yuan from 2029 to 2031, and complete a qualified IPO by 2033-12-31, or Wens can demand share repurchase.温氏股份全资子公司温氏投资以不超过1.47亿元受让青岛双安生物科技股权并增资，持股48.18%成为第一大股东；双安科技需在2026-2028年累计归母净利润不低于6000万元，2029-2031年累计不低于1.05亿元，并于2033年12月31日前完成合格上市，否则温氏投资有权要求回购。
2026-02-27Wens Investment completed an investment in Shandong Hengxin Biotechnology, with registered capital increased to 90,323,115 yuan, covering food additive and pharmaceutical excipient production.温氏投资完成对山东恒鑫生物科技有限公司的投资，注册资本增至9032.3115万元，经营范围包括食品添加剂和药用辅料生产。
2026-05-06Wens disclosed that its investment arm Wens Investment manages over 12 billion yuan and has invested in over 100 companies, including AI farming and intelligent robotics related to agriculture.温氏股份披露温氏投资管理资金超120亿元，投资超百家企业，包括AI养殖等农牧业智能化机器人技术。
2026-06-05Wens invested in Yunfu Puhui Financing Guarantee Co., Ltd., holding a 6.17% stake; the company has registered capital of RMB 162 million and engages in other financial services.温氏投资云浮市普惠融资担保股份有限公司，持股6.17%，该公司注册资本1.62亿元，从事其他金融业。
Share buyback program股份回购计划
22 · 2024-09-18 → 2026-06-03
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Multiple tranches of A-share repurchases for employee stock ownership or equity incentives.多批次A股回购，用于员工持股或股权激励。
2024-09-18Wens announced a share buyback plan of 0.9-1.8 billion yuan (up to 27.01 yuan/share) for employee stock ownership or equity incentives.温氏股份公告拟以9-18亿元回购股份（上限27.01元/股），用于员工持股计划或股权激励。
2024-09-20Wens completed first tranche of share buyback: 2.3256 million shares (0.035% of total) at 15.33-15.50 yuan/share, total cost 35.8781 million yuan.温氏股份完成首次回购：232.56万股（占总股本0.0350%），成交价15.33-15.50元/股，总金额3587.81万元。
2024-10-08Share buyback progress: as of Sep 30, 2024, cumulatively repurchased 18.2222 million shares (0.2739% of total shares) at max price 16.92 yuan/share, min 15.33 yuan/share, total amount 300 million yuan (excl. fees).股份回购进展：截至2024年9月30日，累计回购1822.22万股（占总股本0.2739%），最高成交价16.92元/股，最低15.33元/股，成交总金额3亿元（不含交易费用）。
2024-11-01Wens Foodstuffs repurchased 33.65 million shares (0.5057% of total) via centralized竞价 trading as of Oct 31, 2024, for a total of 600 million yuan.温氏股份截至2024年10月31日以集中竞价交易方式累计回购3365万股（占总股本0.5057%），成交总金额6亿元。
2024-12-02As of 30 Nov 2024, Wens had repurchased 33.6498 million shares (0.5057% of total equity) via centralized竞价 trading, with total consideration of 600 million yuan; highest price 19.51 yuan/share, lowest 15.33 yuan/share.截至2024年11月30日，温氏股份累计回购3364.98万股（占总股本0.5057%），成交总金额6亿元，最高价19.51元/股，最低价15.33元/股。
2025-01-02Announced that as of Dec 31, 2024, it had repurchased 33.6498 million shares (0.5057% of total equity) for a total of 600 million yuan, with prices ranging from 15.33 to 19.51 yuan per share.公告截至2024年12月31日，已累计回购股份3364.98万股（占总股本0.5057%），成交总金额6亿元，成交价区间15.33-19.51元/股。
2025-02-05Wens announced that as of Jan 31, 2025, it had repurchased 33.65 million shares (0.5057% of total share capital) via centralized竞价 trading, with a total consideration of RMB 600 million at prices between RMB 15.33 and 19.51 per share.温氏股份公告，截至2025年1月31日，公司通过集中竞价交易方式累计回购3365万股（占总股本0.5057%），成交总金额6亿元，价格区间15.33元/股至19.51元/股。
2025-03-09As of Feb 28, 2025, Wens had repurchased 33.65 million shares (0.5057% of total) via centralized竞价 trading, with total consideration of RMB 600 million (excl. fees); highest price RMB 19.51/share, lowest RMB 15.33/share.截至2025年2月28日，温氏股份通过集中竞价交易累计回购3365万股（占总股本0.5057%），成交总金额6亿元（不含费用）；最高价19.51元/股，最低价15.33元/股。
2025-03-27Wens reiterated that as of Feb 28, 2025, it had actively implemented share repurchases totaling RMB 600 million (excl. fees), under a plan to repurchase RMB 0.9-1.8 billion within 12 months from September 2024.温氏股份重申，截至2025年2月28日已积极实施回购金额达6亿元（不含费用），该回购计划于2024年9月披露，金额9-18亿元，实施期限不超过12个月。
2025-04-02As of 2025-03-31, the company had repurchased 34.2576 million shares (0.5148% of total equity) for a total of 610 million yuan via centralized竞价 trading.截至2025年3月31日，公司通过集中竞价交易累计回购股份3425.76万股（占总股本0.5148%），成交总金额6.1亿元。
2025-04-08Plans to continue share repurchase with at least 50 million yuan between the announcement date and 2025-04-30.计划在公告日至2025年4月30日期间继续实施回购，金额不低于5000万元。
2025-05-06As of 2025-04-30, Wens repurchased 37.22 million shares (0.5594% of total) for 660 million yuan via centralized竞价 trading; highest price 19.51 yuan/share, lowest 15.33 yuan/share.截至2025年4月30日，温氏股份通过集中竞价交易累计回购3722万股（占总股本0.5594%），成交总金额6.6亿元，最高成交价19.51元/股，最低15.33元/股。
2025-05-19Adjusted share buyback price upper limit to 26.66 yuan/share, effective from 2025-05-26; expected maximum repurchase of 67.52 million shares (1.01% of total equity).调整回购股份价格上限至26.66元/股，自2025年5月26日起生效，预计回购股份数量上限约6752万股（占总股本1.01%）。
2025-07-02As of June 30, 2025, Wens Foodstuffs repurchased approximately 44.57 million shares via centralized竞价 trading, accounting for 0.6699% of total shares.截至2025年6月30日，温氏股份通过集中竞价交易累计回购约4457万股，占总股本0.6699%。
2025-08-01Wens Foodstuffs repurchased 44,574,500 shares (0.6699% of total) via centralized竞价 trading as of July 31, 2025, with total expenditure of 781 million yuan, highest price 19.51 yuan/share, lowest 15.33 yuan/share.温氏股份截至2025年7月31日以集中竞价交易方式累计回购股份44,574,500股（占总股本0.6699%），成交总金额7.81亿元，最高价19.51元/股，最低价15.33元/股。
2025-09-01As of July 31, 2025, Wens share buyback total amount reached 781 million yuan (excluding transaction fees).截至2025年7月31日，温氏股份回购总金额为7.81亿元（不含交易费用）。
2025-09-03As of August 31, 2025, Wens cumulatively repurchased 51.3869 million shares (0.7723% of total shares) for 900 million yuan, with highest price 19.51 yuan/share and lowest 15.33 yuan/share.截至2025年8月31日，温氏股份累计回购5138.69万股（占总股本0.7723%），成交总金额9亿元，最高价19.51元/股，最低价15.33元/股。
2026-03-02Wens plans to repurchase 0.8-1.2 billion yuan of A-shares using自有资金 or special loan funds, citing confidence in company value and to stabilize stock price after sharp decline in mid-to-late Jan 2026.温氏拟以自有资金或专项贷款资金8-12亿元回购A股，以应对2026年1月中下旬股价大幅下跌，彰显对公司价值的信心。
2026-03-17Wens conducts first share repurchase on Mar 16, 2026, buying 5.4965 million shares (0.0826% of total) at max price 17.59 yuan/share, total amount ~96.44 million yuan.温氏于2026年3月16日首次实施股份回购，回购549.65万股（占总股本0.0826%），最高成交价17.59元/股，总金额约9644万元。
2026-04-01Company disclosed progress of share buyback plan using自有资金 or special loan funds, with repurchase price not exceeding RMB per share, valid for 12 months from board approval.公司披露回购股份进展，拟使用自有资金或专项贷款资金回购，回购价格不超过人民币元/股，期限为董事会审议通过之日起12个月内。
2026-05-06Wens announced share buyback progress: board approved a buyback plan on 2026-02-25 for 800 million to 1.2 billion yuan; as of 2026-04-30, 960 million yuan (excl. fees) had been repurchased.温氏股份公告回购进展：董事会于2026年2月25日批准8-12亿元回购方案，截至2026年4月30日已回购9.6亿元（不含交易费用）。
2026-06-03Wens completed its share buyback program: cumulatively repurchased 74.7941 million shares (1.1241% of total equity) for RMB 1.2 billion, with an average price of RMB 16.04 per share.温氏完成股份回购计划：累计回购7479.41万股（占总股本1.1241%），成交总金额12亿元，均价16.04元/股。
Board & management changes董事会与管理层变动
9 · 2024-11-22 → 2026-06-15
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Board elections, supervisory board changes, senior management appointments, and control adjustments.董事会选举、监事会变动、高管任命及控制权调整。
2024-11-22Board and supervisory board proposed换届: nominated 7 non-independent directors including Wen Jiaolong (third generation, age 36) replacing Wen Xiaoqiong; nominated 3 non-employee supervisor candidates including Wen Shaomo and Chen Hao. Shareholder meeting scheduled for Dec 10, 2024.董事会和监事会提议换届：提名7名非独立董事，温蛟龙（第三代，36岁）接替温小琼；提名3名非职工监事候选人包括温少模、陈浩。股东大会定于2024年12月10日召开。
2024-12-10Wens held the 5th Board's 1st meeting and 5th Supervisory Board's 1st meeting; elected Wen Zhifen as Chairman, Liang Zhixiong as Vice Chairman, appointed Li Shaosong as President, and appointed Zhao Liang, Lin Jianxing, Zhang Xiangbin, Sun Fen, Jiang Rongjin as Vice Presidents; Wen Shaomo elected as Supervisory Board Chairman.温氏股份召开第五届董事会第一次会议和第五届监事会第一次会议，选举温志芬为董事长、梁志雄为副董事长，聘任黎少松为总裁，聘任赵亮、林建兴、张祥斌、孙芬、蒋荣金为副总裁；温少模当选监事会主席。
2025-05-14Appointed Qin Kaitian and Fan Weichao as Vice Presidents, effective from board resolution date until the end of the current board term.聘任秦开田和范卫朝为公司副总裁，任期自董事会决议通过之日起至本届董事会届满。
2025-05-14Organizational restructuring: designated Guangdong Yuncheng Herui Environmental Technology Group, Hainan Wens Food, and Guangdong Wens Southern Poultry Breeding as independent business units; established Poultry Operations Management Dept, Poultry Production Technology Dept, and three chicken divisions (Chicken Division 1, 2, 3); dissolved the original Poultry Farming Division.组织架构调整：将广东筠诚和瑞环境科技集团、海南温氏食品、广东温氏南方家禽育种定位为独立经营单元；成立禽业运营管理部、禽业生产技术部及鸡业一部、二部、三部；撤销原养禽事业部。
2025-06-04Actual controller adjusted: 5 new family members (Wen Jiaolong, Wen Mingju, Chen Hao, Wen Shaomo, Wen Bingwen) added; 5 original members (Liang Huanzhen, etc.) exited; new unanimous action agreement effective 2025-06-04 for 7 years.实际控制人调整：新增温蛟龙、温铭驹、陈浩、温少模、温冰文5名家族成员；原梁焕珍等5人退出；新一致行动协议自2025年6月4日起生效，有效期7年。
2025-06-05Appointed Qin Kaitian and Fan Weichao as vice presidents; Fan previously president of Yuncheng Herui Environmental Technology Group.聘任秦开田、范卫朝为副总裁；范卫朝此前任广东筠诚和瑞环境科技集团总裁。
2026-01-16Actual controller Wen Pengcheng plans to reduce holdings by up to 21 million shares (0.316% of total), including 18.5 million shares transferred to related parties via block trade.实际控制人温鹏程计划减持不超过2100万股（占总股本0.316%），其中1850万股通过大宗交易转让给近亲属。
2026-06-08Director Liang Zhixiong plans to transfer up to 18.8341 million shares (0.2831% of total equity) via block trade to his daughters and brother between July 1 and September 30, 2026.董事梁志雄计划于2026年7月1日至9月30日通过大宗交易向其女儿及兄弟转让不超过1883.41万股（占总股本0.2831%）。
2026-06-15Wens appointed Sun Jiankuan as Vice President; he previously served as President of Pig Division III and holds 2,240,478 shares.温氏聘任孙建宽为副总裁，其曾任猪业三部总裁，持有224.05万股。
Corporate donations & social responsibility企业捐赠与社会责任
2 · 2024-11-22 → 2025-11-27
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Donations to universities and disaster relief, and social responsibility recognition.向大学和灾区的捐赠及社会责任认可。
2024-11-22Board approved a donation of 2.7 million yuan by subsidiary Zhaoqing Dahuanong Biological Pharmaceutical to South China Agricultural University Education Development Foundation for veterinary research, paid over 5 years.董事会同意控股子公司肇庆大华农生物药品有限公司向广东省华南农业大学教育发展基金会捐赠270万元，分五年支付，用于兽医学院科研。
2025-11-27Wens' board approved a donation of 40 million HKD (cash and supplies) to support post-disaster reconstruction for the Hong Kong Tai Po fire victims.温氏董事会批准向香港大埔区火灾灾区捐赠4000万港币（现金及物资），用于灾后重建。
Strategic investments & subsidiaries战略投资与子公司
6 · 2025-01-13 → 2025-08-02
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Establishment of new subsidiaries (e-commerce, bioenergy), investment portfolio updates, and dairy stake repurchase.新设子公司（电商、生物能源）、投资组合更新及乳业股权回购。
2025-01-13Board approved the repurchase of a 13.94% stake in Guangdong Wens Dairy Co., Ltd. from five counterparties (including the Agricultural Supply-Side Structural Reform Fund) for about 286 million yuan in cash, triggered by the dairy unit's failure to achieve an IPO by the end of 2024.董事会审议通过以自有资金约2.86亿元回购广东温氏乳业股份有限公司13.94%股权，交易对手包括农业基金等5方，因温氏乳业未能在2024年底前实现上市触发回购条款。
2025-02-11Wens stated on the investor互动 platform that it has not invested in DeepSeek; its wholly-owned subsidiary Wens Investment has a broad科技 investment portfolio covering new materials, semiconductors, and digital economy.温氏股份在投资者互动平台表示，公司未投资DeepSeek；全资子公司温氏投资在科技领域投资布局广泛，涵盖新材料、半导体、数字经济等领域。
2025-02-21Wens stated on the investor互动 platform that its wholly-owned subsidiary Wens Investment has investment布局 in robotics (focusing on AI breeding-related intelligent robots) and new materials (focusing on advanced manufacturing materials such as biodegradable and new energy).温氏股份在互动平台表示，全资子公司温氏投资在机器人领域（重点布局AI养殖等智能化机器人技术）和新材料领域（聚焦生物降解、新能源等先进制造材料）有投资布局。
2025-03-24Wens stated that Guangdong Wens Investment Co., Ltd. focuses its investments on the agricultural and food supply chain and enabling technologies, aiming to build an efficient and synergistic Wens industry ecosystem.温氏股份表示，广东温氏投资有限公司投资方向聚焦于农牧食品产业链及赋能科技，致力于构建高效协同的温氏产业链生态圈。
2025-07-09Wens Foodstuffs indirectly wholly owns newly established Guangdong Funeng Bioenergy Co., Ltd., registered capital 20 million yuan, engaged in biomass gas supply and biomass fuel processing.温氏股份间接全资持股新设广东富能生物能源有限公司，注册资本2000万元，经营范围包括生物质燃气生产和供应、生物质燃料加工。
2025-08-02Wens Foodstuffs established a wholly-owned subsidiary, Guangdong Wens E-commerce Co., Ltd., with legal representative Qin Lei, registered capital 5 million yuan, engaged in software and IT services.温氏股份新增对外投资，全资设立广东温氏电商有限公司，法定代表人秦磊，注册资本500万元，从事软件和信息技术服务业。
Overseas expansion海外扩张
9 · 2025-01-15 → 2026-06-08
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Exploration of overseas markets, prioritizing broiler export to Vietnam.海外市场探索，优先向越南出口肉鸡。
2025-01-15On the investor interactive platform, stated that it will first focus on the domestic market and consider expanding overseas when the time is ripe.在投资者互动平台表示，当前阶段将首先聚焦国内市场，待时机成熟会考虑拓展国外市场。
2025-02-20Wens stated on the investor互动 platform that its eggs are sold mainly in the domestic market (including mainland China and Hong Kong/Macau) and it has not yet entered overseas markets; it will consider expanding abroad when the time is right.温氏股份在互动平台表示，公司鸡蛋以销往国内市场为主（包括大陆和港澳市场），暂未涉足国外市场；待时机成熟会考虑拓展国外市场。
2025-03-24Wens stated that its eggs are sold mainly in the domestic market (including mainland China and Hong Kong/Macau) and it has not yet entered foreign markets; it will first focus on the domestic market before considering overseas expansion.温氏股份表示，鸡蛋以销往国内市场（包括大陆和港澳）为主，暂未涉足国外市场；将首先聚焦国内市场，待时机成熟再考虑拓展国外市场。
2025-09-10Wens stated that its products are mainly sold domestically; exports include animal health products, cooked food, and fresh products, with markets outside mainland China mainly in Southeast Asia and Hong Kong, China.温氏股份表示产品主要内销，出口产品包括动保、熟食和鲜品，中国大陆以外市场主要为东南亚和中国香港。
2025-11-17Wens announced it has established an overseas exploration team and will prioritize exporting its broiler chicken business overseas, starting with Vietnam in Southeast Asia, before expanding pig and duck businesses abroad.温氏宣布已成立海外探索团队，优先推进肉鸡业务出海，以越南为首站，后续逐步拓展猪业和鸭业至海外市场。
2025-12-22Wens stated it has no current plans for a Hong Kong IPO or new equity financing, citing sufficient funds and low debt ratio; its overseas business is still in early exploration.温氏股份表示当前资金充足、负债率降低，暂无港股上市需求及新的股权融资计划；出海业务尚处初期探索阶段。
2026-03-02Wens board agrees on internationalization strategy, prioritizing broiler chicken export to Vietnam, targeting 10% share of Vietnam's yellow-feathered chicken market; plans to complete overseas company registration and site selection in 2026.温氏董事会同意国际化战略，优先推动肉鸡出海越南，目标占越南黄羽肉鸡市场10%份额；计划2026年完成海外公司注册和项目选址。
2026-03-09Wens says no current need for Hong Kong IPO as company has ample funds and low debt ratio, and overseas projects are still in exploration phase.温氏表示目前资金充裕、负债率较低，且出海项目尚处探索阶段，暂无港股上市需求。
2026-06-08Wens confirmed internationalization strategy: priority to export yellow-feathered broiler chickens to Vietnam, targeting ~10% market share; plans to register overseas company and select project sites in 2026.温氏确认国际化战略：优先推动黄羽肉鸡出海越南，目标占据约10%市场份额；计划2026年完成海外公司注册和项目选址。
R&D spending & innovation研发投入与创新
2 · 2025-03-24 → 2026-01-07
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R&D expenditure, talent recognition, and innovation in breeding and digital technology.研发支出、人才表彰及育种和数字技术创新。
2025-03-24Wens disclosed that in 2023 it invested RMB 592 million in R&D, focusing on livestock breeding, feed nutrition, healthy farming, engineering & equipment, environmental protection, enterprise IT, and food processing.温氏股份披露，2023年研发投入5.92亿元，主要投向畜禽育种、饲料营养、健康养殖、工程与装备、环保与资源化利用、企业信息化和食品加工等领域。
2026-01-07Chairman Wen Zhifen announced that R&D spending will rise to 1% of revenue over the next three years, focusing on biotechnology and digital management; cumulative breeding investment exceeded 3 billion yuan.董事长温志芬宣布未来三年科研经费投入比例提升至1%，重点投向生物技术和数字化管理；累计育种投入超30亿元。
Strategic transformation & innovation战略转型与创新
3 · 2025-08-28 → 2026-03-09
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Medium-to-long-term strategy 'Rebuild a New Wens', cost reduction measures, and smart farming R&D.中长期战略'再造一个新温氏'、降本措施及智慧养殖研发。
2025-08-28Wens Foodstuffs outlined cost reduction measures: accelerate 'Strong Technology and Quality Improvement' three-year action, promote refined management with industrial thinking, implement 'piglet cost reduction' and 'hog cost reduction' special actions, and increase R&D in breeding, disease prevention, nutrition, and digitalization.温氏股份提出降本增效举措：加快推进“强技提质”三年大行动，全面推广精细化管理，大力推进“猪苗降本”和“肉猪降本”专项行动，加大在畜禽育种、疫病防控、营养配方和数字化应用等领域的研发投入。
2025-12-22Wens stated it will take measures to improve profitability: focus on production management, increase per-unit output, strengthen technological innovation, and enhance digital empowerment.温氏股份表示将采取聚焦基础生产管理、提升单产、加大技术创新、数字化赋能等措施提高利润水平。
2026-03-09Wens outlines medium-to-long-term strategy 'Rebuild a New Wens', shifting from scale growth to quality improvement across four dimensions: growth, profitability, innovation, sustainability.温氏提出‘再造一个新温氏’中长期战略，从规模增长向质量提升转型，涵盖成长性、盈利性、创新性、可持续性四大维度。
Organizational restructuring组织架构调整
2 · 2026-05-21 → 2026-06-15
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Creation of new divisions, departments, and independent business units.新设事业部、部门及独立业务单元。
2026-05-21Wens held the unveiling ceremony for the headquarters of its Meat Division in Guangzhou Tianhe, marking a key step in transformation from traditional farming to food-ingredient company.温氏股份肉食事业部总部在广州天河揭牌入驻，标志从传统农牧企业向食材食品企业深度转型的关键一步。
2026-06-15Wens restructured its organization: established Pig Division V (internal management unit) and Pig Production Technology Department (headquarters functional unit).温氏调整组织架构：成立猪业五部（内部管理机构）和猪业生产技术部（总部职能部门）。
