Investment Rating - The report maintains an investment rating of "A" for the agriculture sector, suggesting a focus on the recovery cycle of feed and marginal improvements in breeding [1]. Core Insights - The agriculture sector has shown a decline of 2.97% in the past week, with the animal health, food and feed additives, fruit and vegetable processing, aquaculture, and seeds sub-industries performing the best [1][22]. - The report highlights a potential recovery in the feed industry due to the decline in upstream raw material prices and improvements in the breeding sector, particularly for Haida Group, which is expected to see an upward trend in its operational fundamentals [2][4]. - The report emphasizes that the current market may be overly pessimistic about the impact of rising pig production capacity on profitability, while it overlooks the positive effects of declining raw material costs and potential macro demand recovery in 2025 [3]. Summary by Sections Swine Breeding - As of August 1, 2025, the average prices for external three yuan pigs in Sichuan, Guangdong, and Henan were 13.70, 16.04, and 14.38 yuan per kilogram, reflecting increases of 0.74%, 3.22%, and 1.77% respectively [2][31]. - The average pork price was 20.60 yuan per kilogram, down 1.29% from the previous week, while the average wholesale price for piglets was 27.00 yuan per kilogram, up 3.85% [31]. - The report suggests that the swine breeding industry is expected to enter a profitability cycle starting from Q2 2024, although the average debt reduction rate indicates a long road ahead for the industry [3]. Poultry Breeding - The weekly price for white feather broilers was 6.83 yuan per kilogram, up 1.94%, while the price for broiler chicks rose significantly by 33.16% to 2.57 yuan per chick [46]. - The report notes that the breeding profit for broilers is currently negative at -0.43 yuan per chick, and egg prices have decreased by 2.70% to 7.20 yuan per kilogram [46]. Feed Processing - In June 2025, the total industrial feed production in China was 27.67 million tons, a slight decrease of 0.1% month-on-month but a year-on-year increase of 6.6% [55]. - The report indicates that the production of compound feed, concentrated feed, and additive premix feed saw year-on-year growth of 6.6%, 3.4%, and 8.7% respectively [55]. Aquaculture - As of August 1, 2025, the prices for sea cucumbers, shrimp, and bass remained stable at 90.00 yuan per kilogram, 320.00 yuan per kilogram, and 50.00 yuan per kilogram respectively [64]. - In freshwater products, the price for grass carp was 16.70 yuan per kilogram, down 0.30%, while crucian carp saw a slight increase of 0.09% to 22.99 yuan per kilogram [64]. Crop and Grain Processing - As of August 1, 2025, soybean prices were stable at 3926.32 yuan per ton, while corn and wheat prices slightly decreased to 2402.75 yuan and 2440.50 yuan per ton respectively [75]. - The report highlights a significant increase in the price of enoki mushrooms, which rose by 37.78% to 6.20 yuan per kilogram [75].

Group 1 - The company sold a total of 1.7142 million pigs from January to July 2025, generating a revenue of 2.831 billion yuan [1] - In July 2025, the company sold 174,700 pigs, with a revenue of 327 million yuan, including 40,500 pigs sold to internal slaughtering enterprises [1] - The average selling price of commercial pigs in July 2025 was 14.73 yuan per kilogram, reflecting a 2.65% increase compared to June 2025 [1] Group 2 - From January to July 2025, the company sold 1.4458 million commercial pigs and 237,500 piglets [1] - The total number of pigs sold to internal slaughtering enterprises from January to July 2025 was 242,700 [1]

Core Insights - The aquaculture sector experienced a rise of 0.62% on August 6, with Huaying Agriculture leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Aquaculture Sector Performance - Huaying Agriculture (002321) closed at 2.76, with a gain of 6.15% and a trading volume of 702,300 shares, amounting to a transaction value of 190 million [1] - Lihua Co. (300761) closed at 20.18, up 1.41%, with a trading volume of 93,200 shares and a transaction value of 186 million [1] - Juxing Agriculture (603477) closed at 21.07, up 1.40%, with a trading volume of 160,300 shares and a transaction value of 335 million [1] - Other notable stocks include Shennong Group (605296) at 32.28 (+1.35%), Muyuan Foods (002714) at 46.77 (+1.10%), and New Hope (000876) at 9.74 (+0.62%) [1] Capital Flow Analysis - The aquaculture sector saw a net inflow of 80.84 million from institutional investors, while retail investors experienced a net outflow of 148 million [2] - Major stocks with significant capital inflows include Muyuan Foods (516.02 million) and Huaying Agriculture (232.74 million) [3] - Retail investors showed a notable outflow in stocks like Muyuan Foods (-824.75 million) and Huaying Agriculture (-153.55 million) [3]

云南神农农业产业集团股份有限公司 云南神农农业产业集团股份有限公司 Yunnan Shennong Agricultural Industry Group Co.,LTD. 2025 年第三次临时股东会 会议资料 股票代码：605296 股票简称：神农集团 1 | | | 云南神农农业产业集团股份有限公司 中国 昆明 二〇二五年八月 2025 年第三次临时股东会 会议须知 为维护全体股东的合法权益，确保云南神农农业产业集团股份有限公司(以 下简称"公司")股东会的正常秩序和议事效率，保证股东会的顺利进行，根据 《中华人民共和国公司法》《中华人民共和国证券法》《公司章程》及《股东会议 事规则》的规定，特制定本次股东会须知如下： 一、为能够及时统计出席会议的股东（或股东代表）所代表的持股总数，请 现场出席股东会的股东和股东代表于会议开始前 30 分钟到达会议地点，并携带 身份证明、股东账户卡、加盖法人公章的《营业执照》复印件（法人股东)、授 权委托书(股东代理人)、持股凭证等原件，以便签到入场；参会资格未得到确认 的人员，不得进入会场。 二、为保证本次会议的正常秩序，除出席会议的股东（或股东代表）、董事、 监事、 ...

Core Viewpoint - The company disclosed its main operational data for the pig farming business in July 2025, highlighting sales figures and revenue trends [1]. Group 1: Sales Data - In July 2025, the company sold 17.47 million live pigs, with a cumulative total of 171.42 million pigs sold, reflecting a year-on-year decrease of 11.99% [2]. - The sales revenue from live pig sales in July was 3.27 billion yuan, with a cumulative revenue of 32.79 billion yuan [2]. - The average selling price of live pigs increased by 2.65% compared to June 2025 [2]. Group 2: Piglet Sales - The company sold 23.75 million piglets in July, generating a sales revenue of 28.31 billion yuan [2]. - A total of 24.27 million live pigs were sold to the group's internal slaughtering enterprises [2]. Group 3: Data Disclaimer - The disclosed sales data is unaudited and may differ from figures in periodic reports, serving only as a reference for investors [2][3].

证券代码：605296 证券简称：神农集团 公告编号：2025-094 云南神农农业产业集团股份有限公司 2025 年 7 月养殖业务主要经营数据公告 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。 云南神农农业产业集团股份有限公司（以下简称"公司"）现将 2025 年 7 月养殖业务主要经营数据披露如下： 一、2025 年 7 月养殖业务主要经营数据 单位：万头 （二）生猪市场价格的大幅波动（下降或上升），都可能会对公司的经营业绩产 生重大影响。如果未来生猪市场价格出现大幅下滑，仍然可能造成公司的业绩下 滑。敬请广大投资者审慎决策，注意投资风险。 | 主要产品 | 销售量 | | 销售量同比增减(%) | | | --- | --- | --- | --- | --- | | | 当月 | 累计 | 当月 | 累计 | | 生猪 | 17.47 | 171.42 | -11.99 | 32.79 | 2025 年 7 月份，公司销售生猪 17.47 万头（其中：商品猪销售 16.75 万头， 仔猪销售 0.00 万头），销售 ...

神农集团公告，公司2025年7月销售生猪17.47万头，同比下降11.99%，销售收入3.27亿元；商品猪销售 均价14.73元/公斤，比2025年6月份上涨2.65%。2025年1-7月累计销售生猪171.42万头，同比增加 32.79%，销售收入28.31亿元。 ...

格隆汇8月6日丨神农集团(605296.SH)公布，2025年7月份，公司销售生猪17.47万头（其中：商品猪销售 16.75万头，仔猪销售0.00万头），销售收入3.27亿元。其中向集团内部屠宰企业销售生猪4.05万头。 2025年7月份，公司商品猪价格呈现上涨趋势，商品猪销售均价14.73元/公斤，比2025年6月份上涨 2.65%。 2025年1-7月，公司共销售生猪171.42万头（其中：商品猪144.58万头，仔猪销售23.75万头），销售收 入28.31亿元。其中向集团内部屠宰企业销售生猪24.27万头。 ...

人民财讯8月6日电，神农集团（605296）8月6日晚间公告，2025年7月份，公司销售生猪17.47万头，销 售收入3.27亿元。2025年7月份，公司商品猪价格呈现上涨趋势，商品猪销售均价14.73元/公斤，比2025 年6月份上涨2.65%。2025年1—7月，公司共销售生猪171.42万头，销售收入28.31亿元。 ...

神农集团（605296）(605296.SH)披露2025年7月养殖业务主要经营数据，于2025年7月份，公司销售生 猪17.47万头，销售收入3.27亿元。其中向集团内部屠宰企业销售生猪4.05万头。2025年7月份，公司商 品猪价格呈现上涨趋势，商品猪销售均价14.73元/公斤，比2025年6月份上涨2.65%。 ...