证券代码：600975 证券简称：新五丰 公告编号：2024-050 湖南新五丰股份有限公司 关于参加湖南辖区 2024 年度投资者 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法律责任。 为进一步加强与投资者的互动交流，湖南新五丰股份有限公司（以下简称 "公司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限 公司联合举办的"湖南辖区 2024 年度投资者网上集体接待日"活动，现将有关 事项公告如下： 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 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参与本次互动交流，互动交流时间为 2024 年 10 月 10 日（星期四）下午 15:30-17:00。 届时公司高管将通过网络文字交流形式就公司经营状况、发展战略等投资 者关心的问题，与投资者进行沟通与交流，欢迎广大投资者积极参与。 特此公告。 湖南新五丰股份有限公司董事会 2024 年 9 月 28 日 ...

证券代码：600975 证券简称：新五丰 湖南新五丰股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------|--------------------------------------|-----------------------------------------------------------| | | | | | | R | 特定对象调研 □分析师会议 | | | □ 媒体采访 □业绩说明会 | | | 投资者关系活 动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 □电话会议 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | | 中信证券彭家乐、摩根基金潘振亚、广发证券钱浩、泰康 | | 及人员姓名 | 资产李金桃、西部证券熊航 | | | 时间 | 2024 年 8 月 22 日 | 日、2024 年 9 月 9 日、 2024 年 9 月 10 | | 地点 | 公司会议室 | | | | | | | 上市公司接待 人员姓名 | 董事会秘书罗雁飞；证券事务代表解李貌 | ...

证券代码：600975 证券简称：新五丰 公告编号：2024-049 湖南新五丰股份有限公司关于2024年半年度业绩说明会 变更会议召开信息暨参加2024年半年度沪市 生猪行业专场集体业绩说明会的公告 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法律责任。 重要内容提示： 会议问题征集：投资者可以在2024年9月24日（星期二）16:00前将需要了 解的情况与关注的问题预先发送至湖南新五丰股份有限公司（以下简称"公 司"）电子信箱（nwf_123456@126.com），公司将在说明会上就投资者普遍关 注的问题，在信息披露允许范围内进行回答。 公司已在上海证券交易所网站（www.sse.com.cn）披露了《湖南新五丰股份有限 公司2024年半年度报告》。为加强与投资者的深入沟通交流，使投资者更加全面、深 入地了解公司情况，公司于2024年9月6日在上海证券交易所网站（www.sse.com.cn） 披露了《湖南新五丰股份有限公司关于举办2024年半年度业绩说明会的公告》（公告 编号：2024-048）。 现公司拟变更本次业绩说明会的 ...

证券代码：600975 证券简称：新五丰 公告编号：2024-048 湖南新五丰股份有限公司 二、说明会召开的时间、地点和方式 关于举办2024年半年度业绩说明会的公告 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法律责任。 重要内容提示： 一、说明会类型 公司已在上海证券交易所网站（www.sse.com.cn）披露了《湖南新五丰股份有限 公司2024年半年度报告》。为便于广大投资者更加全面深入地了解公司2024年半年度 经营业绩、发展战略等情况，公司定于2024年9月13日（星期五）15:30-16:30 在"价 值在线"（www.ir-online.cn）举行公司2024年半年度业绩说明会，与投资者进行沟 1 会议召开时间：2024年9月13日（星期五）下午15:30-16:30 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 会议问题征集：投资者可于2024年9月11日（星期三）16:00前访问网址 https://eseb.cn/1htct1IUQp2 或使用微信扫描下方小程序码进行会 ...

证券代码：600975 证券简称：新五丰 公告编号：2024-047 湖南新五丰股份有限公司 关于签署募集资金四方监管协议的公告 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法律责任。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准湖南新五丰股份有限公司向湖南省现 代农业产业控股集团有限公司等发行股份购买资产并募集配套资金的批复》（证 监许可〔2022〕3238 号）核准，湖南新五丰股份有限公司（以下简称"公司"） 非公开发行股份募集配套资金不超过 177,000 万元。本次发行募集资金总额为 1,550,579,366.83 元，扣除不含税的发行费用人民币 22,930,456.99 元后，实际募 集资金净额为人民币 1,527,648,909.84 元，将用于本次重组中相关税费、现金对 价、补充流动资金及偿还债务、标的公司项目建设等。上述募集资金到位情况已 经大华会计师事务所（特殊普通合伙）验证并出具《湖南新五丰股份有限公司发 行人民币普通股实收股本的验资报告》（大华验字[2023]000353 号）。2023 年 6 ...

证券研究报告 非金融公司|公司点评|新五丰（600975） 产能充裕出栏高增，Q2 公司扭亏为盈 请务必阅读报告末页的重要声明 glzqdatemark1 2024年08月16日 证券研究报告 |报告要点 2024H1 公司共计出栏生猪 197.13 万头，同比增长 54%；Q2 共计出栏生猪 104.8 万头，同比 +58%，其中，以活猪销售 103.5 万头，同比+62%，以肉品销售 1.3 万头，同比-40%。生猪内 销、冻肉业务营收同比增长 53%、19%。在 Q2 猪价回暖及出栏增长的情况下，公司业绩明显改 善，Q2 实现营业收入 18.03 亿元，实现归母净利润 0.073 亿元，自 2023 年以来单季度首次实 现盈利。 |分析师及联系人 王明琦 马鹏 涂雅晴 SAC：S0590524040003 SAC：S0590524050001 请务必阅读报告末页的重要声明 1 / 5 非金融公司|公司点评 glzqdatemark2 2024年08月16日 新五丰(600975) 产能充裕出栏高增，Q2 公司扭亏为盈 | --- | --- | |---------------------------- ...

证券研究报告 资料来源:Wind 新五丰 (600975 CH) 24Q2 扭亏为盈，生猪出栏维持高增 华春研究 2024年8月09日|中国内地 中报点评 农业综合 Q2 扭亏为盈,生猪出栏维持高增 新五丰 24H1 实现营业收入 32.2 亿元(同比+29%、环比+3.7%);实现归 母净利润-2.47 亿元(同比环比均减亏),猪价回暖及出栏量稳步增长带动下 公司 24Q2 业绩明显改善,实现了自 23Q1 以来的首次盈利。我们估算公司 24Q2 生猪板块或盈利 0.08~0.1 亿元,肉品及其他板块或微亏。公司产能充 裕,出栏维持高增,成本仍有拓潜空间。我们预计公司 24-26 年分别盈利 1.11/9.05/7.95 亿元，对应 BVPS 为 2.46/3.18/3.81 元，参考可比公司估值 均值 3.08XPB,给予公司 2024E 3.08XPB,对应目标价 7.58元,维持"增 持"评级。 猜价回暖带动下，公司 24Q2 同环比扭亏 公司 24Q2 实现营业收入 18.0 亿元（同比+38%、环比+26%）,实现归母净 利润 0.073 亿元,结束了自 23Q1 以来连续 5个季度的亏损、单季度 ...

新五丰 (600975.SH) 2024 年中报点 盈利预测与财务指标 生猪出栏维持高增,2024Q2 实现 ＞ 事件概述：公司于 8 月 10 日发布 2024 年中报，2024H1 实现营收 32.3 亿 元,同比+28.6%;实现归母净利润-2.5 亿元,同比+59.8%;共计出栏生猪 197.1 万头,同比+53.6%,其中,以活猪销售 191.3 万头, 同比+54.3%, 以 肉品销售 5.8 万头，屠宰肉品 3.2 万吨，同比+1.5%。2024Q2 实现营收 18.0 亿元,同比+38.2%,环比+26.1%;实现归母净利润 0.1 亿元,同比 +101.9%，环比+102.9%。 ▶ 生猪出栏同比高增，母猪产能储备充裕。2024Q2 公司共计出栏生猪 104.8 万头,同比+58.4%,其中,以活猪销售 103.5 万头,同比+61.7%,以肉品销 售 1.3 万头，同比-40.4%。随着 2023 年下半年母猪产能缺口逐步兑现，2024 年 5 月中下旬猪价步入上行通道。2024Q2 湖南省生猪市场均价 16.4 元/公斤, 环比+15.4%,公司生猪养殖业务持续收益,成功实现扭亏为盈。自 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2024, representing a year-on-year increase of 15%[8]. - The net profit attributable to shareholders reached RMB 200 million, up 10% compared to the same period last year[8]. - The company's operating revenue for the first half of 2024 reached ¥3,232,893,064.46, representing a 28.55% increase compared to ¥2,514,952,130.30 in the same period last year[13]. - The net profit attributable to shareholders was -¥246,966,016.00, an improvement from -¥614,244,370.95 year-on-year[13]. - The net cash flow from operating activities was ¥266,489,536.73, a significant recovery from -¥273,930,458.98 in the previous year[13]. - The company's total assets decreased by 2.41% to ¥12,351,195,192.84 from ¥12,656,515,812.40 at the end of the previous year[13]. - The weighted average return on equity improved by 17.13 percentage points to -8.61% from -25.74% year-on-year[14]. - The company reported a significant increase in revenue, achieving a total of $500 million for the first half of 2024, representing a 25% year-over-year growth[98]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2024, representing a 20% growth compared to the same period last year[104]. User Growth and Market Expansion - User data indicates a growth in active users by 25%, reaching a total of 500,000 users[8]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2025[8]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2025[98]. - User data showed a 15% increase in active users, reaching 2 million by the end of Q2 2024[100]. - The company provided an optimistic outlook, projecting a revenue growth of 30% for the second half of 2024, driven by new product launches and market expansion[99]. Product Development and Innovation - New product launches include a line of organic feed products, expected to contribute an additional RMB 100 million in revenue by Q4 2024[8]. - New product development includes the launch of a cutting-edge agricultural technology platform, expected to enhance operational efficiency by 20%[96]. - The company plans to invest $20 million in research and development for innovative agricultural solutions over the next two years[100]. - The company is investing heavily in R&D, with a budget increase of 30% for new technology development in 2024[104]. - A new partnership with a leading tech firm is expected to enhance product offerings and drive innovation, with an estimated impact of 200 million in revenue by 2025[106]. Financial Management and Cost Control - Research and development expenses increased by 30%, totaling RMB 150 million, focusing on biotechnology innovations[8]. - The company has implemented cost control measures, resulting in reduced feed costs and improved operational efficiency[31]. - The company has set a target to reduce operational costs by 15% through efficiency improvements and technology integration[99]. - The company has committed to reducing operational costs by 10% through efficiency improvements in the next fiscal year[108]. Supply Chain and Production Capacity - The company has established a comprehensive supply chain for pig farming, including feed production, breeding, slaughtering, and meat processing[16]. - The company has completed an annual production capacity layout of 2.05 million heads for pig slaughtering[17]. - The company has a feed production capacity of nearly 1.2 million tons, including self-produced and contract processing[17]. - The company established Hunan Shunxin Food Co., Ltd. for a pig slaughtering and cold chain distribution project with an annual capacity of 500,000 heads, which has commenced operations[17]. - The company is in the construction phase of a pig slaughterhouse project in Chenzhou City with an expected annual capacity of 850,000 heads, projected to start production in 2024[17]. Risk Management - The company has outlined potential risks in its management discussion, including market volatility and supply chain disruptions[2]. - The company faces a risk of pig diseases, with an average mortality rate of around 10%, leading to a survival rate of approximately 90%[43]. - Fluctuations in pig prices pose a risk to the company's operations, prompting a dual market strategy of both domestic and international sales[44]. - Environmental policy changes may increase operational costs, with the company committed to improving its environmental management and compliance[47]. Environmental Management - The company is adapting to stricter environmental regulations in pig farming, emphasizing pollution prevention and resource utilization[19]. - The company has established a comprehensive biosecurity management system, implementing strict protocols including "three zones and two roads" and "four in and four out" to prevent cross-infection and ensure safety[25]. - The company has established a comprehensive wastewater treatment system, with daily discharge of approximately 100 tons, meeting national discharge standards[55]. - The company has committed to reducing carbon emissions through various measures, including the construction of low-carbon standardized pig farms and the implementation of automated feeding systems to minimize feed waste[73]. Corporate Governance and Compliance - The company has no non-operating fund occupation by controlling shareholders or related parties[2]. - There are no violations of decision-making procedures regarding external guarantees[2]. - The company has implemented a refined management approach, resulting in improved operational efficiency and enhanced performance metrics across its breeding and production sectors[23]. - The company has established a robust internal supervision system to ensure compliance and enhance operational effectiveness, contributing to its high-quality development[23]. Strategic Acquisitions and Restructuring - A strategic acquisition of a local competitor was announced, valued at $50 million, aimed at increasing market penetration and customer base[99]. - The company is undergoing a major asset restructuring to enhance production scale and profitability, which aligns with long-term development goals and benefits all shareholders[85]. - The restructuring is expected to improve the company's risk resilience and sustainable profitability[85]. - The restructuring is anticipated to significantly enhance the company's competitive position in the market[85]. Shareholder Relations - The company has committed to not engaging in real estate development activities and will not apply for related qualifications in the future, adhering to national macro-control policies[125]. - The company has pledged to cease any competing business activities if it expands its product or business scope in the future[122]. - The company has confirmed that all documents related to the transaction are signed by authorized individuals and are genuine[120]. - The company has committed to maintaining transparency and compliance with the latest regulations from the China Securities Regulatory Commission regarding return compensation measures[124].