证券日报网讯2月6日，国投丰乐（000713）在互动平台回答投资者提问时表示，公司定增工作合法合 规，不存在利益输送情形。 ...

证券日报网讯 2月5日，国投丰乐在互动平台回答投资者提问时表示，一号文件提出支持发展青贮玉 米、苜蓿等饲草料生产，促进草原畜牧业转型升级，公司将积极关注产业政策给行业发展带来的变化， 采取相应举措，大力推广青贮玉米种子。 （文章来源：证券日报） ...

格隆汇2月5日丨国投丰乐(000713.SZ)在互动平台表示，公司目前没有自主选育的大豆品种，也没有从 事大豆转基因研发。 ...

每经AI快讯，有投资者在投资者互动平台提问：贵公司在大豆有什么品种？有没有从事大豆转基因研 发？有完成回交转育及进入国审流程的品种吗？大豆转基因布局规划如何？ 国投丰乐（000713.SZ）2月5日在投资者互动平台表示，感谢您的关注，公司目前没有自主选育的大豆 品种，也没有从事大豆转基因研发。 （记者 曾健辉） ...

Investment Rating - The report maintains an "Outperform" rating for the agriculture, forestry, animal husbandry, and fishery industry [1][4]. Core Views - The report anticipates a reversal in the livestock cycle, particularly benefiting Hong Kong dairy farming stocks [1]. - The monthly recommended stock portfolio includes leading companies in various segments: Yuran Agriculture, Modern Farming, Muyuan Foods, Dekang Agriculture, and Lihua Co., among others [1][3]. - The report highlights the expected upward trend in domestic beef and milk prices, driven by a recovery in the livestock cycle and improved cash flow for leading companies [1][14]. Summary by Sections Livestock Sector - The livestock sector is expected to experience a significant turnaround, with recommendations for Yuran Agriculture and Modern Farming as key beneficiaries [1][14]. - The report notes that domestic beef production capacity is decreasing, which may lead to price increases through 2028 [14]. - The improvement in raw milk prices is anticipated to benefit dairy farming companies, with a projected profit increase for Yuran Agriculture and Modern Farming [17]. Swine Sector - The swine sector is highlighted for its potential recovery, with leading companies like Huazhong, Dekang Agriculture, and Muyuan Foods recommended for investment [1][14]. - The report indicates that the industry is moving towards a more stable price center, supported by a reduction in production capacity and improved cash flow for leading firms [15][20]. Poultry Sector - The poultry sector is expected to see a recovery in demand, with recommendations for Lihua Co. and Shengnong Development [1][18]. - The report notes that the supply of white feather chickens is increasing, but demand is expected to improve, leading to potential price recovery [22][24]. Pet Sector - The pet food market is identified as a growing segment, with a focus on domestic brands like Guibao Pet [1][16]. - The report emphasizes the long-term growth potential of the pet sector, driven by rising consumer sentiment and market expansion [16]. Feed Sector - The feed sector is expected to benefit from deeper industrialization in livestock farming, with leading companies like Haida Group recommended [1][18]. - The report notes that feed prices are at historical lows, providing a strong support level for future price recovery [18].

Investment Rating - The industry investment rating is "Outperform the Market" (maintained) [2] Core Insights - The 2026 Central Document emphasizes agricultural modernization, focusing on stabilizing grain production, promoting healthy development in animal husbandry, and enhancing agricultural technology innovation [3][4][5] - The grain production target has been raised to approximately 1.4 trillion jin, with initiatives to improve grain quality and variety [5][6] - The document acknowledges the success of previous measures in the livestock sector and introduces new strategies to boost dairy product consumption [8][9] - Agricultural technology innovation is highlighted, with a focus on the implementation of breeding actions and the integration of AI in agriculture [15][21] Summary by Sections Grain Sector - The document sets a grain production target of stabilizing at around 1.4 trillion jin and emphasizes quality improvement and variety enhancement [5][7] - It includes measures to protect farmers' interests, such as determining minimum purchase prices for rice and wheat [5][7] - The document also stresses the importance of developing a futures market for agricultural products [5][7] Livestock Sector - The document reinforces the need for comprehensive regulation of pig production capacity and acknowledges the success of previous measures in stabilizing the beef and dairy industries [8][9][11] - It promotes measures to enhance dairy product consumption and supports the development of forage crops [9][11] Agricultural Technology - The document continues to emphasize the implementation of breeding actions and the promotion of breakthrough varieties [15][16][17] - It encourages the development of high-end intelligent agricultural machinery and the integration of AI, drones, and IoT into agricultural practices [21][25] Investment Recommendations - The report recommends several companies across different segments, including: - Livestock: YouRan Agriculture, Modern Agriculture [27] - Swine: HuaTong Co., DeKang Agriculture, MuYuan Co., Wen's Co., TianKang Bio, and ShenNong Group [27] - Pet Industry: GuaiBao Pet [27] - Feed: HaiDa Group [27] - Poultry: LiHua Co., YiSheng Co., and ShengNong Development [27] - Animal Health: HuiSheng Bio [27] - Planting Chain: Hainan Rubber, QuanYin High-Tech, Guotou Fengle, and LongPing High-Tech [27]

证券研究报告 | 2026年02月04日 农林牧渔 2026 年 2 月投资策略 优于大市 看好牧业大周期反转，港股奶牛养殖标的充分受益 月度重点推荐组合：优然牧业（牧业大周期受益龙头）、现代牧业（国内牧 业龙头企业）、牧原股份（生猪养殖龙头）、德康农牧（创新农户合作模式 的生猪养殖标的）、立华股份（低成本黄鸡与生猪养殖标的）。 各细分板块推荐逻辑：1）肉牛及原奶：牧业大周期反转预计在即，看好国 内肉奶景气共振上行，牧业公司业绩有望迎来高弹性修复。2）生猪：头部 企业现金流快速好转，并有望转型为红利标的，在全行业产能收缩的背景下， 龙头的成本优势有望明显提高，强者恒强。3）宠物：宠物作为新消费优质 赛道，长期景气受益人口趋势，且国内自主品牌正快速崛起，头部宠食标的 中期业绩增长确定性仍较强。4）饲料：畜禽养殖工业化加深，产业分工明 确，饲料龙头凭借技术和服务优势，有望进一步拉大竞争优势。5）禽：供 给波动幅度有限，行情有望随需求复苏，龙头企业凭借单位超额收益优势有 望实现更高现金流分红回报。 农产品价格跟踪：1）生猪：1 月末生猪 12.16 元/公斤，月环比下跌 4%，7kg 仔猪价格约 365.71 元/ ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 300511 | 雪橙生物 | 6.27 | 4.85% | 38.70万 | | 2.40亿 | | 600313 | 农发种业 | 8.25 | 4.04% | 261.66万 | | 21.21亿 | | 002215 | 诺普信 | 11.49 | 3.42% | 27.24万 | | 3.10亿 | | 600883 | 博闻科技 | 8.75 | 1.98% | 7.45万 | 6483.37万 | | | 600359 | 新农开发 | 7.52 | 0.94% | 21.65万 | | 1.62亿 | | 000998 | 降平高科 | 10.12 | 0.80% | 72.43万 | | 7.35亿 | | 300970 | 华绿生物 | 22.14 | 0.68% | 4.28万 | 9495.88万 | | | 600540 | 新塞股份 | 4.97 | 0.61% | 14.17万 | 7002.33万 | ...

证券日报网讯2月3日，国投丰乐（000713）在互动平台回答投资者提问时表示，公司二级市场股价影响 因素较多，请投资者注意投资风险，理性投资。 ...

（记者 王晓波） 每经AI快讯，有投资者在投资者互动平台提问：贵公司香料的新厂己投产半年多，现在生产经营状况 如何？产能释放多少？产能完全释放预期在今年什么时候可以实现？达产后该板块业务的经营收入是多 少？去年路演说10亿多，现在还是吗？ 国投丰乐（000713.SZ）2月4日在投资者互动平台表示，丰乐香料新厂于2025年7月开始试生产，周期一 年，目前仍在试生产阶段，预计将在2026年下半年开启正式生产，具体时间存在不确定性，目前公司经 营状况稳定，试生产平稳有序、工艺达标，正式生产后，将视市场需求情况安排生产，逐步释放产能， 实现新厂达产达效。 ...