Core Insights - The edible oil industry in China is characterized by a complex supply chain that includes agricultural production, processing, packaging, and sales channels [1] - Major listed companies in the industry include Jinlongyu (300999.SZ), Shenliang Holdings (000019.SZ), and others, with Jinlongyu leading in revenue and market share [1][8] Industry Overview - The edible oil supply chain consists of upstream agricultural production, midstream processing companies, and downstream sales channels [1] - The industry has seen a decline in revenue across most listed companies in 2024, indicating increased competition and market pressure [8][15] Company Performance - Jinlongyu reported a revenue of 238.87 billion yuan in 2024, maintaining a leading position despite a decline of 10.37% in its feed raw materials and oil technology business [8][15] - Shenliang Holdings and Jinlongyu both experienced growth in net profit in Q1 2025, with increases of 42.97% and 11.24% respectively [9][10] - Other companies like Su Kuan Agricultural Development and Jingliang Holdings faced significant revenue declines in 2024 [10] Financial Metrics - As of May 27, 2025, Jinlongyu's total market capitalization reached 165.196 billion yuan, while other companies like Su Kuan Agricultural Development also exceeded 10 billion yuan [9][10] - The profit margins varied significantly among companies, with West King Food achieving a gross margin of 22.86%, while Jinlongyu and Shenliang Holdings reported margins below 3% [18] Business Strategies - Jinlongyu plans to expand into the health industry and enhance its product offerings through technological innovation [22][24] - Jingliang Holdings aims to strengthen its supply chain and marketing strategies to improve its trade business [22][24] - West King Food focuses on brand building and cost control to enhance competitiveness [22][24] Market Dynamics - The overseas revenue distribution among companies is uneven, with West King Food and others relying heavily on international markets, although some have seen declines in overseas sales [20][21] - The edible oil industry is facing challenges due to increased competition and market pressures, leading to varied performance among listed companies [15][18]

Group 1 - The Hainan Free Trade Zone concept rose by 2.21% as of the market close on July 16, ranking 6th among concept sectors, with 27 stocks increasing in value, including Haide Co., Hainan Ruize, and Jingliang Holdings, which rose by 5.79%, 4.70%, and 4.59% respectively [1] - The top gainers in the Hainan Free Trade Zone concept included Haide Co. with a net inflow of 92.2 million yuan, followed by Hainan Ruize with 61.9 million yuan, and Hainan Haiyao with 43.7 million yuan [1][2] - The concept sector saw a net inflow of 219 million yuan from main funds, with 23 stocks experiencing net inflows, and 16 stocks receiving over 10 million yuan in net inflows [1] Group 2 - The leading stocks by net inflow ratio included ST Huluwa, Haide Co., and *ST Yedao, with net inflow ratios of 16.55%, 15.77%, and 13.49% respectively [2] - The top stocks in the Hainan Free Trade Zone concept by main fund flow included Haide Co. with a main fund flow of 92.2 million yuan and a turnover rate of 4.66%, and Hainan Ruize with a flow of 61.9 million yuan and a turnover rate of 11.86% [2][3] - Other notable stocks included Hainan Haiyao with a 3.49% increase and a main fund flow of 43.7 million yuan, and HNA Holding with a 1.45% increase and a flow of 30.2 million yuan [3]

转自：前瞻产业研究院 行业主要上市公司：金龙鱼(300999.SZ)、深粮控股(000019.SZ)、金健米业(600127.SH)、京粮控股 (000505.SZ)、道道全(002852.SZ)、嘉华股份(603182.SH)、西王食品(000639.SZ)等 本文核心数据：食用油行业企业成本构成;价格传导机制;食用油行业价值链 1、食用油生产制备中，原材料是最大的成本构成 前瞻统计了中国食用油行业中，四家竞争力较强的上市公司食用油生产成本数据，可以看出，食用油的原材 料成本较高，2024年西王食品植物食用油原料成本占比74.39%，索宝蛋白、金健米业、嘉华股份的食用油 业务原材料成本占比都超过了92%;人工成本相对较低，在0.85%至1.51%不等，制造费用在0.6%至5.9%范围 内波动。 从中国食用油上市企业金健米业食用油产品的成本结构来看，2019-2024年，直接材料的占比在95%水平， 且呈波动上升趋势，表明受原材料价格波动影响较大;包装费用占比波动下滑，从2019年4.76%降至2024年的 3.1%;制造费用整体呈下降趋势，从2019年1.04%降至2024年的0.61%;直接人工费用在0. ...

Core Insights - The article provides a comprehensive overview of the edible oil industry chain in China, detailing its various segments including oilseed cultivation, pressing, refining, packaging, and sales channels [1][5]. Industry Overview - The edible oil industry in China comprises numerous companies, with key producers including Jinlongyu, Shandong Luhua, Shanghai Liangyou, Jingliang Holdings, Jinjian Rice Industry, Xiwang Food, Daodaoquan, and COFCO Technology [2][5]. - The upstream raw materials are sourced from various agricultural enterprises, while downstream consumers include restaurants and e-commerce platforms like JD.com and Alibaba [2]. Regional Distribution - As of May 30, 2025, there are 60,329 registered companies in the edible oil industry chain in China, with Shandong province having the highest number at 5,946, followed by Hunan (5,269), Henan (4,519), and Sichuan (3,762), collectively accounting for 32.3% of the total [5][6]. - The geographical distribution of edible oil companies is closely linked to transportation convenience and agricultural production capabilities [5]. Listed Companies - Among the listed companies in the edible oil sector, 10 have disclosed revenue data related to edible oil, with a concentration in coastal regions. Notable companies include Xiwang Food and Jiahua in Shandong, Daodaoquan and Jinjian Rice Industry in Hunan, and Jinlongyu in Shanghai [6][10]. Industrial Parks - There are nearly 40 industrial parks related to edible oil production in China, primarily located in Sichuan (6 parks), followed by Henan and Zhejiang (4 parks each). Despite Shandong having the most companies, it has only 3 industrial parks, indicating a dispersed nature of edible oil enterprises in the province [10].

证券代码：000505 200505 证券简称：京粮控股 京粮 B 公告编号：2025-030 海南京粮控股股份有限公司 关于变更独立财务顾问主办人的公告 东兴证券原委派了王璟先生、李铁楠先生履行公司重大资产重组独立财务顾问项目 的持续督导职责。现因王璟先生、李铁楠先生工作变动，为保证持续督导工作的有序进 行，东兴证券委派李刚安先生、赵红丽女士（简历附后）接替王璟先生、李铁楠先生担 任前述项目的独立财务顾问主办人，继续履行持续督导职责。 特此公告。 海南京粮控股股份有限公司 董 事 会 2025 年 7 月 9 日 1 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 海南京粮控股股份有限公司（以下简称"公司"）于 2025 年 7 月 8 日收到东兴证券 股份有限公司（以下简称"东兴证券"）出具的《关于变更海南京粮控股股份有限公司 重大资产置换及发行股份购买资产并募集配套资金暨关联交易项目独立财务顾问主办 人的说明》。 东兴证券作为公司重大资产置换及发行股份购买资产并募集配套资金暨关联交易 （以下简称"重大资产重组"）的独立财务顾问，对公司履行持续督导职责，持 ...

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Group 1 - The company held its 19th meeting of the 10th board of directors on June 26, 2025, with all 9 directors present [1] - The board approved the transfer of 114 "Ancient Ship" trademarks to Beijing Grain Group for a total price of RMB 26.7495 million [1][2] - The decision was reviewed and agreed upon by the board's strategy and ESG committee, as well as independent directors, with a voting result of 3 in favor and no opposition [2]

证券代码：000505 200505 证券简称：京粮控股 京粮 B 公告编号：2025-029 海南京粮控股股份有限公司 一、关联交易概述 为实现品牌和品类聚焦，海南京粮控股股份有限公司（以下简称"公司"）全资 子公司北京京粮食品有限公司（以下简称"京粮食品"）拟与北京粮食集团有限责任 公司（以下简称"京粮集团"）签署《商标转让合同》，将持有的 114 项"古船"及 系列商标以人民币 2,674.95 万元价格转让给京粮集团。 本次交易对手方京粮集团为公司控股股东,按照《深圳证券交易所股票上市规 则》,本次交易构成了关联交易。 公司于 2025 年 6 月 26 日召开了第十届董事会第十九次会议，以 3 票同意，0 票 反对，0 票弃权审议通过了《关于商标转让暨关联交易的议案》，关联董事王春立、 高磊、关颖、臧莹、徐文军、刘莲回避表决。公司于 2025 年 6 月 24 日召开了 2025 年 第一次独立董事专门会议，以 3 票同意，0 票反对，0 票弃权审议通过了《关于商标转 让暨关联交易的议案》。 本次关联交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组,不 构成重组上市,无需提交股东大会审议 ...

证券代码：000505 200505 证券简称：京粮控股 京粮 B 公告编号：2025-028 海南京粮控股股份有限公司 第十届董事会第十九次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、董事会会议召开情况 为实现品牌和品类聚焦，董事会经审议，同意与北京粮食集团有限责任公司签署《商 标转让合同》，将持有的 114 项"古船"及系列商标以人民币 2,674.95 万元价格转让 给北京粮食集团有限责任公司。 海南京粮控股股份有限公司（以下简称"公司"）于 2025 年 6 月 19 日以电子邮件 方式向全体董事发出《关于召开第十届董事会第十九次会议的通知》。本次董事会以现 场会议的方式于 2025 年 6 月 26 日上午 9:30 在北京市大兴区欣宁街 8 号院 1 号楼首农 科创大厦 B 座 701 会议室召开。本次会议应出席董事 9 名，实际出席会议的董事 9 名。 本次董事会会议由公司董事长王春立主持，公司监事及首席合规官（总法律顾问）列席 会议，本次会议的召开符合法律、法规和《公司章程》等规定。 具体内容详见公司同日在巨潮资讯网披露的 ...

Overview - China, as a populous country, has a massive demand for food, with grain demand projected to reach 861.77 million tons in 2024, while production is only expected to be 706.5 million tons, necessitating significant imports [1][9]. - The demand for feed grains such as corn and soybeans has surged due to increased consumption of livestock products as living standards rise [1][9]. Market Policies - The Chinese government emphasizes food security and has implemented various policies to control import scales and ensure the quality of imported grains [4][6]. - Recent policies include support for cross-border e-commerce and measures to stabilize foreign trade growth, reflecting a commitment to enhancing the agricultural sector [4][6]. Industry Chain - The upstream of the imported grain industry includes overseas grain planting, ocean transportation, and cold chain logistics, while the downstream consists of oil extraction, flour processing, feed production, and food processing [7]. - Key products processed from imported grains include edible oils, various flours, and animal feed, which are essential for meeting domestic consumption needs [7]. Current Development - In 2024, China is expected to import 15.753 million tons of grain, a decrease of 2.3% year-on-year, with an import dependency rate of 18.28% [11]. - Soybeans remain the largest import category, accounting for 66.67% of total imports, followed by corn and wheat at 8.66% and 2.74%, respectively [11]. Competitive Landscape - The competitive landscape includes 344 companies applying for wheat import quotas and 1,453 for corn, with major state-owned enterprises like COFCO Group holding significant market influence due to their comprehensive logistics and storage capabilities [14][22]. - COFCO Group is a leading player in the grain import sector, with a global supply chain covering grain storage, logistics, processing, and trade [22]. Industry Representative Analysis - COFCO Group has established itself as a global leader in the agricultural sector, with operations spanning across six continents and an annual grain trading volume of 170 million tons [22]. - Jin Jian Rice Industry Co., Ltd. focuses on high-quality grain and oil products, with a revenue of 4.627 billion yuan in 2024, indicating a strong presence in the agricultural trade market [24]. Development Trends - Future trends indicate a diversification in imported grain types, with an expected increase in high-end edible oils, quality rice, and specialty grains [26]. - China aims to optimize its import structure and expand its sources of grain imports, reducing reliance on single markets and enhancing trade cooperation with countries along the Belt and Road Initiative [26].