截至7月22日收盘，猪肉概念上涨2.86%，位居概念板块涨幅第9，板块内，32股上涨，大禹生物、邦基 科技、神农集团等涨幅居前，分别上涨10.33%、7.77%、7.69%。 今日涨跌幅居前的概念板块 资金流入比率方面，东瑞股份、神农集团、正虹科技等流入比率居前，主力资金净流入率分别为 16.20%、12.91%、12.04%。（数据宝） 猪肉概念资金流入榜 | 代码 | 简称 | 今日涨跌幅 | 今日换手率 | 主力资金流量（万 | 主力资金净流入比率 | | --- | --- | --- | --- | --- | --- | | | | （%） | （%） | 元） | （%） | | 002714 | 牧原股 | 2.30 | 1.31 | 7330.72 | 3.06 | | | 份 | | | | | | 000876 | 新希望 | 2.83 | 1.45 | 6611.58 | 10.14 | | 605296 | 神农集 | 7.69 | 2.50 | 5822.16 | 12.91 | | | 团 | | | | | | 002567 | 唐人神 | 3.63 | 8.17 | 5630 ...

农林牧渔 2025 年 07 月 21 日 投资评级：看好（维持） 行业走势图 数据来源：聚源 -19% -10% 0% 10% 19% 29% 2024-07 2024-11 2025-03 农林牧渔 沪深300 相关研究报告 《短期供给增加致猪价下滑，震荡消 化后中枢或抬升 — 行 业 周 报 》 -2025.7.20 《7 月 USDA 农产品报告下调全球玉 米、水稻、小麦产量，上调大豆产量 —行业点评报告》-2025.7.15 《生猪龙头 2025Q2 利润高增，犊牛价 格持续上行牛周期景气有支撑—行业 周报》-2025.7.13 农林牧渔 6 月以来生猪超卖强化供给收缩之势，猪价新一轮上 行或开启 ——行业点评报告 | 陈雪丽（分析师） | 王高展（分析师） | 朱本伦（联系人） | | --- | --- | --- | | chenxueli@kysec.cn | wanggaozhan@kysec.cn | zhubenlun@kysec.cn | | 证书编号：S0790520030001 | 证书编号：S0790525070003 | 证书编号：S0790124060020 | 行业：6 ...

猪肉股震荡走高，邦基科技（603151）涨停，神农集团（605296）涨超6%，巨星农牧（603477）、罗 牛山（000735）涨超4%，正虹科技（000702）、温氏股份（300498）跟涨。 ...

A股猪肉板块持续冲高，邦基科技涨超8%，神农集团、巨星农牧、罗牛山、东瑞股份、正虹科技、温 氏股份跟涨。 ...

| 截至本公告日上市公司及其控股 | 67,514.58 | | --- | --- | | 子公司对外担保总额（万元） | | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 13.97 | | 100% 特别风险提示 | □对外担保总额超过最近一期经审计净资产 | | | □担保金额超过上市公司最近一期经审计净 | | 资产 | 50% | | | □对合并报表外单位担保金额达到或超过最 | | | 近一期经审计净资产 30%的情况下 | | | 对资产负债率超过 70%的单位提供担保 | 一、担保情况概述 证券代码：605296 证券简称：神农集团 公告编号：2025-086 云南神农农业产业集团股份有限公司 2025 年 6 月对外担保情况的公告 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： | | 被担保人名称 | 云南神农陆良猪业有限公司、云南 | | | | --- | --- | --- | --- | --- | | | | 神农动物营养科技有限公司、广西 | | | | ...

Investment Ratings - The report provides investment ratings for several companies in the agriculture sector, with "Buy-A" for Haida Group (002311.SZ), "Buy-B" for Shennong Development (002299.SZ) and Wens Foodstuff Group (300498.SZ), and "Hold-A" for Guai Bao Pet (301498.SZ) and Zhongchong Co., Ltd. (002891.SZ) [2] Core Insights - The agriculture sector has shown resilience, with the agricultural index outperforming the broader market, indicating potential investment opportunities [3][4] - The report highlights the cyclical nature of the pig farming industry, emphasizing that the current downturn may not necessarily lead to prolonged losses due to potential recovery in raw material costs and macro demand in 2025 [5][6] - Haida Group is identified as a key investment opportunity due to its strong fundamentals and potential growth in overseas feed business [4][5] Industry Performance - The agriculture sector's performance for the week of July 7-13 shows a 1.09% increase, with top-performing sub-industries including fruit and vegetable processing, meat chicken farming, and feed production [3][22] - The average price of live pigs in key provinces has decreased, with prices in Sichuan, Guangdong, and Henan at 14.35, 16.39, and 14.78 CNY/kg respectively, reflecting a decline of 3.37%, 6.56%, and 2.31% week-on-week [4][31] - The average pork price has slightly increased to 20.60 CNY/kg, while the average wholesale price of piglets has decreased to 26.00 CNY/kg, indicating mixed trends in the market [4][31] Company-Specific Analysis - Haida Group is expected to benefit from a recovery in the feed industry as raw material prices stabilize and the breeding sector improves [4][5] - Wens Foodstuff Group, Shennong Group, and Juxing Agriculture are recommended for their potential to outperform market expectations as the pig farming industry enters a profitability cycle [5] - Guai Bao Pet and Zhongchong Co., Ltd. are highlighted for their strong brand positioning and growth potential in the pet food market, particularly in 2025 [6]

Yunnan Shennong Agricultural Industry Group Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company forecasts H1 2025 net profit attributable to shareholders to range from RMB 341 million to RMB 420 million, representing significant year-on-year growth 2025 H1 Performance Forecast Summary | Indicator | 2025 H1 Forecast | 2024 H1 (Prior Period) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Parent Company Shareholders** | RMB 341.00 million to RMB 420.00 million | RMB 123.95 million | Increase 175.12% to 238.85% | | **Net Profit After Non-Recurring Items** | RMB 352.00 million to RMB 431.00 million | RMB 136.82 million | Increase 157.27% to 215.01% | - This performance forecast applies to situations where profitability is achieved, and net profit increases by over **50%** compared to the same period last year[2](index=2&type=chunk) - This performance forecast has not been audited by a certified public accountant[3](index=3&type=chunk) [Review of Prior Period Performance](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) The company's H1 2024 financial results, including net profit and EPS, serve as the comparative baseline for the current period's performance forecast 2024 H1 Performance Summary | Indicator | 2024 H1 Performance | | :--- | :--- | | **Net Profit Attributable to Parent Company Shareholders** | RMB 123.95 million | | **Net Profit After Non-Recurring Items** | RMB 136.82 million | | **Basic Earnings Per Share** | RMB 0.24 | [Analysis of Performance Growth Reasons](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%A2%9E%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The substantial performance growth is primarily driven by the hog farming business, specifically increased sales volume and reduced costs from improved efficiency and lower raw material prices - Performance growth primarily stems from the **hog farming business**[5](index=5&type=chunk) - Significant increase in hog sales volume: **1.5395 million hogs** sold during the reporting period, a **40.93%** increase year-on-year[5](index=5&type=chunk) - Decreased farming costs: Primarily due to falling raw material prices and the company's strengthened management, which improved capacity utilization and production efficiency[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company confirms no material uncertainties affecting this unaudited performance forecast and advises investors to exercise caution regarding investment risks - The company confirms there are no material uncertainties affecting the accuracy of this performance forecast[6](index=6&type=chunk) - Investors are advised to make prudent decisions, invest rationally, and be aware of risks[6](index=6&type=chunk) [Other Explanations](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The company clarifies that the current forecast data are preliminary, with final accurate financial figures to be confirmed in the official 2025 semi-annual report - The current forecast data are preliminary, and the final accurate figures will be based on the company's officially disclosed 2025 semi-annual report[7](index=7&type=chunk)

Investment Rating - The report maintains a "Buy" rating for the agriculture, forestry, animal husbandry, and fishery sector [4] Core Viewpoints - Recent policy guidance has led to a rapid decline in post-slaughter weight, allowing for a rebalancing of volume and price, with positive expectations for pig prices [3] - The long-term perspective indicates that the bottom of the production capacity cycle is becoming clearer, suggesting a potential long-term profit upturn for the sector [3] - The report highlights investment opportunities in various segments, including pig farming, feed, and planting chains, as well as the pet food sector [3] Summary by Sections Pig Farming Sector - In June, 13 listed pig companies collectively slaughtered 16.2681 million pigs, a month-on-month increase of 2.65% and a year-on-year increase of 47.55% [2][13] - The average selling price of pigs decreased by approximately 3% month-on-month and about 20% year-on-year, with prices ranging from 13.23 to 15.57 yuan/kg [14][15] - The average weight of slaughtered pigs in June was 125.06 kg, down 0.77 kg from May, indicating a trend towards reducing weight [17] Market Dynamics - The national average price for live pigs was 14.81 yuan/kg as of July 11, reflecting a week-on-week decline of 3.52% [28] - The demand for pork is weakening due to high temperatures affecting consumption and rising storage costs, leading to a gradual loosening of supply-demand dynamics [28] Investment Recommendations - The report recommends focusing on leading companies such as Muyuan Foods, Wens Foodstuff, and Juxing Agriculture, as well as companies in the feed and animal health sectors like Haida Group and Ruipu Biological [3] - In the planting chain, opportunities are highlighted for companies like Suqian Agricultural Development and Beidahuang [3] Other Segments - The pet food industry is experiencing growth, with increasing recognition of domestic brands and continuous growth of leading companies [3]

Meeting Details - The shareholders' meeting was held on July 10, 2025, at the office building of Kunming Henglong Plaza, Yunnan Province [1] - The attendance rate of shareholders was 87.8964% [1] Voting Results - The non-cumulative voting proposal was approved with 98.8654% of A-share votes in favor, 1.0229% against, and 0.1117% abstaining [1] - Another proposal received 99.9549% approval from A-shareholders, with only 0.0265% against and 0.0186% abstaining [1] Legal Compliance - The meeting and voting procedures complied with the Company Law of the People's Republic of China and the company's articles of association, ensuring the legality and validity of the resolutions passed [1]

Core Viewpoint - The announcement details the unlocking and listing of 958,446 shares under the 2022 Restricted Stock Incentive Plan of Yunnan Shennong Agricultural Industry Group Co., Ltd, which represents approximately 0.1826% of the company's total share capital, effective from July 18, 2025 [1][13]. Group 1: Stock Incentive Plan Details - The stock listing type is equity incentive shares, with a total of 958,446 shares to be listed for circulation [1]. - The stock unlocking is part of the first grant's third unlocking period, which has met the necessary conditions for release [9][13]. - The plan was approved through a series of board meetings, with independent directors and the supervisory board providing their opinions on the plan's benefits and compliance [2][3]. Group 2: Performance and Conditions for Unlocking - The unlocking conditions include meeting specific performance targets, such as achieving a pig sales volume of 2.2715 million heads in 2024, which is a 247.48% increase from 2021 [10][11]. - The company must not have any adverse audit opinions or significant financial issues to qualify for the unlocking [10]. - Individual performance assessments for the 150 eligible participants indicate that 109 achieved excellent results, allowing for a 100% unlocking ratio for those individuals [12][13]. Group 3: Changes in Share Capital Structure - Following the unlocking, the total number of unrestricted shares will increase to 524,564,418, while the restricted shares will decrease to 274,594 [15]. - The company will comply with relevant regulations regarding the transfer of shares by directors and senior management post-unlocking [14][15]. - Legal opinions confirm that the unlocking has received necessary approvals and meets all regulatory requirements [15].