本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景 路演 APP,参与本次互动交流。活动时间为 2025 年 5 月 14 日（周三）14:00-16:30。 届时公司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、 融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交 流，欢迎广大投资者踊跃参与！ 证券代码：600598 证券简称：北大荒 公告编号：2025-018 黑龙江北大荒农业股份有限公司 关于参加黑龙江辖区上市公司 2025 年投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大 遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流，黑龙江北大荒农业股份有限公司（以下 简称"公司"）将参加由黑龙江省上市公司协会与深圳市全景网络有限公司联合 举办的"2025 年黑龙江辖区上市公司投资者集体接待日活动"，现将相关事项 公告如下： 特此公告！ 黑龙江北大荒农业股份有限公司董事 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [12] Core Views - The pet sector continues to show high prosperity, driven by domestic substitution and consumption upgrades, leading to a dual increase in volume and price [1][2] - The industry is transitioning from "scale expansion" to "value creation," with leading companies shifting from "manufacturing" to "intelligent manufacturing" through formula innovation and precise demand capture [2][17] - The domestic pet food market remains strong, with a significant increase in sales and exports, indicating robust growth potential for domestic brands [2][17] Summary by Sections Pet Sector - The fifth TOPS Pet Expo in Shanghai showcased over 1,200 exhibitors and 8,000+ brands, reflecting strong growth momentum in the pet industry, with a 43% year-on-year increase in attendance [1][16] - Trends in pet food are shifting towards precision nutrition, with a focus on age-specific feeding and high-end production techniques [1][16] - Key recommended companies in the pet food sector include Guibao Pet, Zhongchong Co., Petty Co., and Lusi Co., with additional recommendations for pet medical and product companies [2][17] Swine Sector - As of May 10, the average price of live pigs was 14.90 yuan/kg, showing a slight decline, with production capacity continuing to grow [3][18] - The industry is facing a potential downturn in profitability due to weak demand and seasonal price declines [3][19] - Recommended companies include leading players such as Wens Foodstuffs and Muyuan Foods, with a focus on core assets [19] Poultry Sector - The white chicken segment is facing uncertainties in breeding imports, with a significant decline in the number of breeding stock updated [20][21] - The yellow chicken segment is expected to benefit from improved consumer demand, with stable prices observed [23] - Recommended companies include Shengnong Development and Lihua Co. for white chicken, and Wens Foodstuffs for yellow chicken [22][23] Planting Sector - The government emphasizes agricultural technology innovation and self-sufficiency in food security, with a focus on biological breeding [25][26] - Recommended companies in the seed sector include Longping High-Tech and Dabeinong, with additional focus on agricultural water-saving technologies [25][26] Feed and Animal Health Sector - Hai Da Group is highlighted for its market share growth and consistent performance in the feed sector [27] - The animal health sector is seeing new opportunities in pet health products, with recommended companies including KQ Bio and Zhongmu Co. [28]

Group 1 - The core viewpoint of the article highlights the significant advancements in high-standard farmland construction by the Beidahuang Group, showcasing improvements in efficiency and productivity through modernization and investment [2][6]. - The Beidahuang Group has completed the transformation of 34,000 acres of high-standard farmland, resulting in larger fields and reduced farming costs, saving farmers approximately 1,800 yuan annually in labor and machinery expenses [2][3]. - The project has a total investment of 94.95 million yuan, with 90.2 million yuan sourced from long-term special government bonds, leading to a 100% accessibility rate of farm roads [3]. Group 2 - Soil and water conservation efforts are being enhanced, with the Red Star Farm implementing measures to restore eroded land and improve water retention, supported by government funding [4]. - The integration of technology in farming practices is evident at the 290 Farm, where IoT devices and smart irrigation systems have led to significant increases in crop yields, with one farmer reporting an additional 17,000 pounds of grain from 430.9 acres [5]. - The Beidahuang Group aims to construct an additional 800,000 acres of high-standard farmland in 2024, contributing to a total of nearly 120 million acres in Heilongjiang by the end of the year, positioning the province as a leader in high-standard farmland development in China [6].

转自：黑龙江日报 文 | 黑龙江日报 姜斌 从三江平原到松嫩腹地，5月的北大荒，处处可见春耕生产的火热场景。北大荒正利用科技和智慧，在 万亩良田上描绘着壮美的现代农业画卷，为端稳"中国饭碗"筑牢春耕基石。 记者从北大荒集团农业发展部了解到，截至5月5日，北大荒集团水稻生产进度中，水稻泡田完成 99.98%；春整地完成99.86%；水稻插秧也陆续开始，截至目前，完成0.58万亩。旱田春播正如火如荼地 进行，已播858万亩，完成超过34%；其中，玉米播种完成超过68%；整体春耕工作将按计划完成，预 计在5月20日左右完成全部播种和插秧作业。 智能农机管理平台 北斗导航"数据种地" 水稻插秧更智慧 5月6日，在北大荒农业股份八五六分公司第六管理区的一处水田内，无人水稻插秧机自动进行路径规 划、转弯掉头、秧爪精准启停等全流程作业，实现传统插秧向"数据种地"的转变。 连日来，为保障水稻插秧工作高标准进行，八五八农场1200余台插秧机全部安装了北斗导航辅助系统， 实现智能辅助插秧全覆盖。 在第七管理区种植户张炳立家水稻田边，管理区农机技术员黄龙海正在向种植户们详细讲解如何正确操 作插秧机导航，并指导他们完成插秧前的机器调 ...

Group 1 - The soybean concept sector increased by 3.29%, ranking fifth among concept sectors, with 13 stocks rising, including QiuLe Seed Industry, XianDa Co., and QuanYin GaoKe, which rose by 17.90%, 6.17%, and 4.51% respectively [1] - The main capital inflow into the soybean concept sector was 44 million yuan, with eight stocks receiving net inflows, and five stocks seeing inflows exceeding 10 million yuan. The top net inflow was from DaBeiNong, with 62.82 million yuan [2][3] - The net inflow ratios for major stocks included DaBeiNong at 8.11%, SuKuan NongFa at 8.01%, and XinAn Co. at 5.79% [3] Group 2 - The top stocks in the soybean concept sector based on capital inflow included DaBeiNong, QuanYin GaoKe, SuKuan NongFa, and BeiDaHuang, with respective net inflows of 62.82 million yuan, 31.53 million yuan, 19.33 million yuan, and 15.34 million yuan [2][3] - The trading performance of stocks in the soybean sector showed varying turnover rates, with DaBeiNong at 5.29%, QuanYin GaoKe at 7.87%, and SuKuan NongFa at 1.77% [3][4]

Group 1 - The core viewpoint emphasizes the recovery of domestic demand, suggesting a more optimistic outlook for investment opportunities in the food and beverage sector, with potential for a dual boost in fundamentals and valuations in the second half of the year [1] - The major consumption ETF has shown a year-to-date maximum drawdown of 5.57%, indicating some volatility, but it has also outperformed its benchmark with a one-year annualized excess return of 2.18% [2] - The latest price-to-earnings ratio (PE-TTM) for the major consumption index is 19.84, which is considered low compared to historical levels, indicating potential undervaluation [2] Group 2 - The top ten weighted stocks in the major consumption index account for 67.16% of the index, highlighting the concentration of investment in a few key players [3] - The performance of individual stocks within the index shows mixed results, with notable increases in stocks like Hai Tian Wei Ye (3.06%) and declines in others like Dong Peng Beverage (-0.89%) [5] - The report indicates that the liquor industry is entering a bottoming phase, with expectations for recovery as companies manage inventory more effectively in the latter half of the year [1]

2025年4月29日，北大荒(600598.SH)发布2025年一季报。 公司营业总收入为9.56亿元，在已披露的同业公司中排名第6，较去年同报告期营业总收入减少52.38万 元，同比较去年同期下降0.05%。归母净利润为5.39亿元，在已披露的同业公司中排名第1，较去年同报 告期归母净利润减少1609.34万元，同比较去年同期下降2.90%。经营活动现金净流入为51.70亿元，在 已披露的同业公司中排名第1，较去年同报告期经营活动现金净流入增加6655.68万元，实现5年连续上 涨，同比较去年同期上涨1.30%。 公司最新总资产周转率为0.08次，在已披露的同业公司中排名第13，较去年同期总资产周转率持平，同 比较去年同期下降2.56%。最新存货周转率为0.61次，在已披露的同业公司中排名第7，较去年同期存货 周转率增加0.16次，实现2年连续上涨，同比较去年同期上涨35.39%。 公司股东户数为9.78万户，前十大股东持股数量为12.16亿股，占总股本比例为68.42%，前十大股东持 股情况如下： | 序号 | 股东名称 | 持股比例 | | --- | --- | --- | | I | 北大荒农垦集团 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 (一)主要会计数据和财务指标 单位：元 币种：人民币 证券代码：600598 证券简称：北大荒 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 ■ (二)非经常性损益项目和金额 √适用 □不适用 单位:元 币种:人民币 ■ 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三)主要会计数据、财务指标发生变动的情况、原因 √适用 □不适用 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 955,666,697.50, a slight decrease of 0.05% compared to CNY 956,190,486.30 in the same period last year[4] - The net profit attributable to shareholders was CNY 538,641,555.27, down 2.90% from CNY 554,734,945.42 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 509,466,233.35, reflecting a decrease of 7.95% compared to CNY 553,469,863.22 in the previous year[4] - The basic earnings per share for the period was CNY 0.303, a decrease of 2.88% from CNY 0.312 in the same period last year[4] - The diluted earnings per share also stood at CNY 0.303, reflecting the same percentage decrease of 2.88% year-on-year[4] - The weighted average return on equity decreased by 0.46 percentage points to 6.67% from 7.13% in the previous year[4] - Net profit for Q1 2025 was CNY 536.57 million, compared to CNY 553.05 million in Q1 2024, a decrease of 2.97%[19] - The company reported a profit before tax of CNY 541.66 million in Q1 2025, down from CNY 554.68 million in Q1 2024, a decrease of 2.35%[19] Cash Flow and Investments - The net cash flow from operating activities increased by 1.30% to CNY 5,170,051,167.08 from CNY 5,103,494,325.08 year-on-year[4] - Cash flow from operating activities generated a net amount of CNY 5.17 billion in Q1 2025, compared to CNY 5.10 billion in Q1 2024, an increase of 1.3%[21] - Cash flow from investing activities showed a net outflow of CNY 3.65 billion in Q1 2025, compared to a net outflow of CNY 320.04 million in Q1 2024[22] - The net cash flow from investment activities was -CNY 3,650,394,919.42, compared to -CNY 319,990,937.37 in Q1 2024, indicating increased investment outflows[30] - The company reported a net increase in cash and cash equivalents of CNY 1,509,412,245.57, down from CNY 4,768,329,627.91 in Q1 2024[30] - Total cash inflow from financing activities was CNY 4,227,059.47, with cash outflows totaling CNY 3,598,233.63, resulting in a net cash flow of CNY 628,825.84[30] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 14,966,143,417.95, representing a significant increase of 66.75% from CNY 8,975,122,997.23 at the end of the previous year[5] - The company's current assets amounted to CNY 10.01 billion, up from CNY 3.97 billion at the end of 2024, indicating a growth of about 152.5%[14] - Total liabilities rose to CNY 6.82 billion, up from CNY 1.38 billion, which is an increase of approximately 393.5%[16] - The total liabilities increased to CNY 6.36 billion, compared to CNY 890.20 million at the end of 2024, indicating a substantial rise in financial obligations[26] - The company's equity attributable to shareholders reached CNY 8.35 billion, compared to CNY 7.80 billion at the end of 2024, showing an increase of about 7.1%[16] - The total equity increased to CNY 8.45 billion, compared to CNY 7.92 billion at the end of 2024, reflecting a growth of 6.7%[27] Inventory and Costs - Total operating costs increased to CNY 448.05 million in Q1 2025 from CNY 408.38 million in Q1 2024, an increase of 9.7%[18] - The company's inventory surged to CNY 934.57 million, compared to CNY 159.70 million at the end of 2024, marking an increase of around 485.5%[14] - The company's inventory increased to CNY 903.51 million, a significant rise from CNY 134.96 million at the end of 2024[24] - Payments for goods and services decreased to CNY 428,303,444.90 from CNY 586,255,273.30 in the previous year, reflecting improved cost management[29] - Employee compensation payments increased to CNY 391,830,547.60, up from CNY 337,782,218.12 in Q1 2024, indicating a focus on workforce investment[29] Research and Development - Research and development expenses for Q1 2025 were CNY 16.43 million, up 12.7% from CNY 14.58 million in Q1 2024[28] Other Financial Metrics - The company reported non-recurring gains totaling CNY 29,175,321.92 for the period[7] - Other comprehensive income after tax for Q1 2025 was CNY 19.03 million, compared to a loss of CNY 6.52 million in Q1 2024[19] - The company received CNY 5,415,330,308.90 in cash from sales of goods and services, slightly down from CNY 5,434,663,968.47 in Q1 2024[29] - The company did not report any cash inflows from new investments or acquisitions during this quarter[30] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending activities during the reporting period[12]

北大荒（600598）公告，2025年第一季度营收为9.56亿元，同比下降0.05%；净利润为5.39亿元，同比 下降2.90%。 ...