According to the Zhitong Finance App, Tianyu Ecology (603717.SH) released its 2023 semi-annual results forecast. It expects to achieve net profit attributable to shareholders of listed companies in the half year 2023 of -95 million yuan to -75 million yuan. Compared with the same period last year (statutory disclosure data), there will be losses. The company expects to achieve net profit of -93 million yuan to -73 million yuan after deducting non-recurring profit and loss attributable to shareholders of listed companies in the half year 2023.

During the reporting period, the pig breeding business in the company's ecological agriculture and animal husbandry business segment was affected by the continuous decline in pig prices. It sold 191,300 pigs, an increase of 542% over the previous year. The average sales price of commercial pigs was 14.32 yuan/kg, a decrease of 4.15% over the previous year. The increase in sales volume combined with the decline in sales prices caused the company's business performance for the half year 2023 to drop sharply compared to the same period last year. At the same time, due to factors such as rising purchase prices of feed raw materials, pig breeding costs increased compared to the same period last year, further reducing the profit margin of the pig business and losses in the pig breeding business. At the end of the reporting period, due to falling pig market prices, the company initially prepared inventory price reduction preparations for stored expendable biological assets in accordance with the relevant provisions of the “Corporate Accounting Standards” and prudential principles.