Tianbang Foods, one of the largest publicly traded hog breeders in China, was granted an extension as part of the company’s restructuring process.
In March 2024, the company announced its plans to apply for restructuring and has since had four extensions of the process.
For Q1 2026, the company reported that its revenue declined 23% year on year and had a net loss of 707 million yuan. This compares to a profit of 127 million yuan in Q1 2025.
The company reported that its cost of production has b...