Core Viewpoint - The news highlights the positive market response to Dekang Agriculture (02419) following a government meeting aimed at enhancing the quality development of the pig industry through comprehensive capacity regulation [1] Company Summary - Dekang Agriculture's stock rose over 6% in early trading, currently at 77.15 HKD with a trading volume of 34.26 million HKD [1] - The company is recognized for its significant cost advantages in pig farming, particularly in the southwestern region of China, positioning it among the top tier in terms of per-head profitability among listed pig farming companies [1] - The company's light asset model has allowed it to improve its profitability, transitioning from catching up to surpassing competitors [1] Industry Summary - The Ministry of Agriculture and Rural Affairs of China is focused on strengthening comprehensive capacity regulation to promote high-quality development in the pig industry [1] - There is a strong commitment to maintaining stable pig prices, with expectations of increased regulatory efforts on industry capacity [1] - The operational variance within the industry suggests that companies with cost advantages and strong community ties are likely to enjoy excess profits and valuation premiums [1]

| 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.11.21 | 8.57 | 73.300 | 71.500 | 621.24 | | 2025.11.20 | 9.84 | 75.195 | 73.500 | 730.17 | | 2025.11.19 | 3.95 | 74.900 | 74.400 | 295.10 | | 2025.11.18 | 2.95 | 72.950 | 72.200 | 213.97 | 证券时报·数据宝统计，德康农牧在港交所公告显示，11月21日以每股71.500港元至73.300港元的价格回 购8.57万股，回购金额达621.24万港元。该股当日收盘价73.000港元，下跌1.02%，全天成交额3339.58 万港元。 自11月18日以来公司已连续4日进行回购，合计回购25.31万股，累计回购金额1860.48万港元。 其间该 股累计平盘报收。（数据宝） 德康农牧回购明细 （文章来源：证券时报网） ...

德康农牧(02419)发布公告，该公司于2025年11月21日斥资621.24万港元回购8.57万股股份，每股回购价 格为71.5-73.3港元。 ...

智通财经APP讯，德康农牧(02419)发布公告，该公司于2025年11月21日斥资621.24万港元回购8.57万股 股份，每股回购价格为71.5-73.3港元。 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 四川德康農牧食品集團股份有限公司 呈交日期： 2025年11月21日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 H | | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 02419 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | | 事件 | 已發行股 ...

德康农牧回购明细 | 日期 | 回购股数（万股） | 回购最高价（港元） | 回购最低价（港元） | 回购金额（万港元） | | --- | --- | --- | --- | --- | | 2025.11.20 | 9.84 | 75.195 | 73.500 | 730.17 | | 2025.11.19 | 3.95 | 74.900 | 74.400 | 295.10 | | 2025.11.18 | 2.95 | 72.950 | 72.200 | 213.97 | （文章来源：证券时报网） 证券时报·数据宝统计，德康农牧在港交所公告显示，11月20日以每股73.500港元至75.195港元的价格回 购9.84万股，回购金额达730.17万港元。该股当日收盘价73.750港元，下跌1.34%，全天成交额3773.28 万港元。 自11月18日以来公司已连续3日进行回购，合计回购16.74万股，累计回购金额1239.24万港元。 其间该 股累计上涨1.03%。（数据宝） ...

Key Points - The top three companies with net inflows of southbound funds are Alibaba-W (09988) with 3.296 billion, XPeng Motors-W (09868) with 1.147 billion, and Xiaomi Group-W (01810) with 0.853 billion [1][2] - The top three companies with net outflows of southbound funds are Yingfu Fund (02800) with -0.559 billion, China Life (02628) with -0.427 billion, and China National Offshore Oil Corporation (00883) with -0.368 billion [1][2] - In terms of net inflow ratio, ICBC South China (03167) leads with 100.00%, followed by Xiaocai Garden (00999) with 74.08%, and Qingdao Bank (03866) with 67.42% [1][3] - The companies with the highest net outflow ratios include Q Tech (01478) at -58.31%, China National Heavy Duty Truck Group (03808) at -53.04%, and Nexperia (01316) at -43.99% [1][4] Net Inflow Rankings - Alibaba-W (09988) had a net inflow of 3.296 billion, representing a 20.59% increase in its closing price to 154.600 [2] - XPeng Motors-W (09868) saw a net inflow of 1.147 billion, with a 25.58% increase in its closing price to 85.950 [2] - Xiaomi Group-W (01810) experienced a net inflow of 0.853 billion, with a 9.75% increase in its closing price to 40.780 [2] Net Outflow Rankings - Yingfu Fund (02800) had a net outflow of -0.559 billion, with a -4.24% change in its closing price to 26.060 [2] - China Life (02628) experienced a net outflow of -0.427 billion, with a -23.81% change in its closing price to 26.140 [2] - China National Offshore Oil Corporation (00883) had a net outflow of -0.368 billion, with a -14.88% change in its closing price to 21.800 [2]

德康农牧(02419)发布公告，于2025年11月20日斥资730.17万港元回购9.84万股股份。 ...

智通财经APP讯，德康农牧(02419)发布公告，于2025年11月20日斥资730.17万港元回购9.84万股股份。 ...

格隆汇11月20日丨德康农牧(02419.HK)公告，11月20日耗资730万港元回购9.8万股。 ...