2020年4月底的时候已经披露了年报和预报熟悉这个预报的朋友可能也都知道2023年对于公司的发展来说也是非常重要的原因公司的肉品产业还有食品业务是通过积极的营业战投来提供资源的支撑 也带动了公司的这个2023年的利润较扭亏而公司的这个零用户升级养殖也在2023年积极的去进行了这个生产管理的优化和种株体系的一个升级来为这个养殖业务去夯实这个盈利能力打下一个基础 那我们都知道就是2021年以来的话国内的生猪养殖行业是经历了史上最长也是最连续的一个亏损期母猪出来也是出现了两波连续的这个区划我们这边认为呢2024年之下可能会实现一个反转的一个向上那么在诸州是一个反转年份在0876就是希望这边精英战略会如何规划然后公司的生猪养殖这个出栏计划会怎么去安排我们今天是特地邀请到了公司的高管 包括副总裁和财务总监兼财务总监陈欣尧陈总总监兼首席战略官蓝家蓝总还有证券事务部代表白旭波白博士来和各位投资者朋友来做一个分享和交流那么下面我先把时间交给陈总这边来对联邦会议之道来进行一个解读好的 可以听到吗可以听到了 非常谢谢 谢谢各位投资人谢谢华泰金券给我们安排这么一次投资人的交流和沟通的会议确实在过去的23年以及过去的20年的一季度公 ...

新希望（000876.SZ）近期经营情况点评 生猪养殖提质保量，轻装上阵聚焦主业 2024年05月08日 ➢ 事件：2024年5月7日公司发布生猪销售简报，2024年4月合计销售生 推荐 维持评级 猪147.6万头，环比-3.2%，同比-6.2%；实现收入23.4亿元，环比+1.4%，同 当前价格： 8.95元 比-1.1%；商品猪销售均价15.1元/kg，环比+5.5%，同比+6.6%。2024年1- 4月合计销售生猪603.5万头，同比-4.0%，实现收入86.4亿元，同比-9.4%； [Table_Author] 商品猪销售均价14.2元/kg，同比-3.1%。 ➢ 生猪出栏稳步增长，养殖效率逐步改善。2023年公司合计出栏生猪1768.3 万头，同比+21.0%，实现收入269.1亿元，同比-0.05%，销售均价14.6元/kg， 同比-17.0%。公司养殖成本降幅明显，2023年全年平均的肥猪成本16.7元/kg， 同比下降1.2元/kg。按照120kg的出栏均重计算，公司2023年头均亏损约252 元。公司产能稳定增长，2023年末能繁母猪存栏80万头左右，后备接近50万 分析师 徐菁 头，202 ...

新希望（000876.SZ）近期经营情况点评 生猪养殖提质保量，轻装上阵聚焦主业 2024年05月08日 ➢ 事件：2024年5月7日公司发布生猪销售简报，2024年4月合计销售生 推荐 维持评级 猪147.6万头，环比-3.2%，同比-6.2%；实现收入23.4亿元，环比+1.4%，同 当前价格： 8.95元 比-1.1%；商品猪销售均价15.1元/kg，环比+5.5%，同比+6.6%。2024年1- 4月合计销售生猪603.5万头，同比-4.0%，实现收入86.4亿元，同比-9.4%； [Table_Author] 商品猪销售均价14.2元/kg，同比-3.1%。 ➢ 生猪出栏稳步增长，养殖效率逐步改善。2023年公司合计出栏生猪1768.3 万头，同比+21.0%，实现收入269.1亿元，同比-0.05%，销售均价14.6元/kg， 同比-17.0%。公司养殖成本降幅明显，2023年全年平均的肥猪成本16.7元/kg， 同比下降1.2元/kg。按照120kg的出栏均重计算，公司2023年头均亏损约252 元。公司产能稳定增长，2023年末能繁母猪存栏80万头左右，后备接近50万 分析师 徐菁 头，202 ...

证券代码：000876 证券简称：新希望 公告编号：2024-4 2 债券代码：127015、127049 债券简称：希望转债、希望转 2 新希望六和股份有限公司 2024 年 4 月生猪销售情况简报 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。 新希望六和股份有限公司（以下简称"公司"）下属子公司从事 生猪养殖业务。按照《深圳证券交易所上市公司自律监管指引第 3 号 ——行业信息披露》规定，深交所鼓励从事畜禽、水产养殖业务的上 市公司每月通过临时公告形式披露相关业务销售情况，公司将参照指 引相关规定执行。 一、2024 年 4 月份生猪销售情况 公司 2024 年 4 月销售生猪 147.62 万头，环比变动-3.23%，同比 变动-6.21%；收入为 23.37 亿元，环比变动 1.43%，同比变动-1.06%； 商品猪销售均价 15.13 元/公斤，环比变动 5.51%，同比变动 6.55%。 | | 月份 | | 生猪销售数量 | | 生猪销售收入 | | 商品猪价格 | | --- | --- | --- | --- | --- | --- | - ...

农林牧渔/养殖业 公 司 研 新希望（000876.SZ） 饲料业务量利稳增，生猪养殖推进降本增效 究 2024年05月06日 ——公司信息更新报告 投资评级：买入（维持） 陈雪丽（分析师） 王高展（联系人） chenxueli@kysec.cn wanggaozhan@kysec.cn 日期 2024/4/30 证 书编号：S0790520030001 证书编号：S0790123060055 当前股价(元) 8.92  饲料业务量利稳增，生猪养殖推进降本增效，维持“买入”评级 公 一年最高最低(元) 13.01/7.75 公司发布2023年年报及2024年一季报，2023年营收1417.03亿元(+0.14%)，归 司 信 总市值(亿元) 405.48 母净利润2.49亿元(+117.07%)，其中2023Q4营收349.55亿元，归母净利润41.07 息 流通市值(亿元) 402.40 亿元。2024Q1营收239.08亿元(-29.49%)，归母净利润-19.34亿元(-14.75%)。2023 更 新 总股本(亿股) 45.46 年，公司禽和食品板块引入外部投资者并转让控股权，带来交易收益51-52 ...

招商证券股份有限公司 关于新希望六和股份有限公司 （一）内部控制评价范围 公司按照《内部控制评价》制度的要求，以风险导向原则确定纳入评价范围 的主要单位、业务和事项。本次纳入内部控制评价工作范围主要单位包括公司管 理总部、各级业务单元和分子公司，纳入评价工作范围单位的资产总额合计占公 司 2023 年 12 月 31 日合并资产总额的 70.4%；营业收入合计占公司 2023 年度合 并营业收入总额的 50.61%。本次评价工作主要包括公司层面和业务层面两个层 面的评价工作。 在公司层面，对发展战略、人力资源政策、社会责任、企业文化、风险评估、 信息与沟通、内部监督等方面从内部控制的设计有效性和运行有效性两方面进行 全面系统评价。 2023 年度内部控制评价报告的核查意见 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）作为新希 望六和股份有限公司（以下简称"新希望"或"公司"）的持续督导保荐机构， 根据《证券发行上市保荐业务管理办法》《深圳证券交易所股票上市规则》《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》、《深圳证 券交易所上市公司自律监管指引第 13 号——保荐业 ...

招商证券股份有限公司关于新希望六和股份有限公司 2023 年度持续督导培训情况的报告 （四）培训时间：2024 年 4 月 29 日 9：30 至 11：30 （五）培训地点：四川省成都市锦江区金石路 366 号、线上腾讯会议 （六）培训人员：招商证券股份有限公司持续督导项目组 招商证券股份有限公司关于新希望六和股份有限公司 2023 年度持续督导培训情况的报告 深圳证券交易所： 招商证券股份有限公司（以下简称"招商证券"、"保荐机构"）根据《深圳 证券交易所上市公司自律监管指引第 13 号——保荐业务》对新希望六和股份有 限公司（以下简称"新希望"、"公司"）进行了 2023 年度持续督导培训，报告如 下： 一、本次持续督导培训的基本情况 （一）保荐人：招商证券股份有限公司 （二）保荐代表人：张寅博、王会民 （三）督导专员：王会民 保荐机构认为：通过本次培训，公司的董事、监事、高级管理人员及相关人 员对上市公司规范运作与信息披露工作、深圳证券交易所股票上市规则有了更全 面的了解。本次持续督导培训总体上提高了公司及其董事、监事、高级管理人员 和相关人员的规范运作意识及对资本市场的理解，有助于提高公司的规范运作 ...

| 保荐机构名称：招商证券股份有限公司 被保荐公司简称：新希望 | | --- | | 保荐代表人姓名：张寅博 联系电话：0755-82943666 | | 保荐代表人姓名：王会民 联系电话：0755-82943666 | | 现场检查人员姓名：王会民 | | 现场检查对应期间：2023 年度 | | 现场检查时间：2024 年 4 月 23 日 | | 一、现场检查事项 现场检查意见 | | （一）公司治理 是 否 不适用 | | 现场检查手段：查阅公司章程和规章制度；核查公司股东大会、董事会、监事会文 | | 件、公司治理制度等文件，并核查三会召开通知、记录等文件，对三会召集程序、 | | 出席会议人员的资格、召集人资格、表决程序等事项进行核查 | | 1.公司章程和公司治理制度是否完备、合规 √ | | √ 2.公司章程和三会规则是否得到有效执行 | | 3.三会会议记录是否完整，时间、地点、出席人员及会议内 √ | | 容等要件是否齐备，会议资料是否保存完整 | | 4.三会会议决议是否由出席会议的相关人员签名确认 √ | | 5.公司董监高是否按照有关法律、行政法规、部门规章、规 √ | | 范性文 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥23.91 billion, a decrease of 29.49% compared to ¥33.91 billion in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥1.93 billion, worsening by 14.75% from a loss of ¥1.69 billion year-on-year[5]. - Total operating revenue for Q1 2024 was CNY 23.91 billion, a decrease of 29.4% compared to CNY 33.91 billion in Q1 2023[22]. - Net profit for Q1 2024 was a loss of CNY 2.36 billion, compared to a loss of CNY 1.99 billion in Q1 2023, reflecting a worsening of 18.6%[23]. - The total comprehensive income attributable to the parent company was -2,068,345,080.62 CNY, compared to -1,676,064,314.11 CNY in the previous period, reflecting a decline of approximately 23.4%[24]. - The basic and diluted earnings per share were both -0.43 CNY, compared to -0.38 CNY in the previous period, indicating a worsening performance[24]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, reaching ¥131.84 million, an increase of 107.83% compared to a negative cash flow of ¥1.68 billion in the previous year[5]. - The net cash flow from operating activities was 131,843,313.43 CNY, a significant improvement from -1,684,234,045.85 CNY in the previous period[25]. - Cash and cash equivalents at the end of the period amounted to 8,689,734,369.49 CNY, an increase from 8,158,982,545.00 CNY in the previous period[27]. - The cash outflow from operating activities totaled 24,876,446,529.59 CNY, down from 36,558,709,946.76 CNY in the previous period, reflecting a decrease of about 31.9%[25]. - The company reported cash inflows from investment activities totaling 1,073,765,039.79 CNY, compared to 813,764,643.16 CNY in the previous period, indicating a growth of approximately 32.0%[27]. - The net cash flow from financing activities was 988,614,403.95 CNY, down from 1,111,234,227.32 CNY in the previous period, representing a decrease of about 11.0%[27]. Assets and Liabilities - The total assets at the end of the reporting period were ¥126.79 billion, down 2.18% from ¥129.61 billion at the end of the previous year[5]. - The company's total assets decreased to CNY 126.79 billion from CNY 129.61 billion, a decline of 2.2%[20]. - Total liabilities increased slightly to CNY 93.86 billion from CNY 93.68 billion, an increase of 0.2%[20]. - The total non-current liabilities increased to CNY 40.15 billion from CNY 38.57 billion, an increase of 4.1%[20]. - The equity attributable to shareholders decreased by 9.24% to ¥22.49 billion from ¥24.78 billion at the end of the previous year[5]. Receivables and Inventory - The company experienced a 31.80% increase in accounts receivable, amounting to ¥40.37 million, attributed to extended credit terms offered to customers[9]. - Accounts receivable rose to CNY 1,673,016,117.68, up from CNY 1,269,319,108.56, indicating a significant increase in credit sales[18]. - Inventory decreased to CNY 11,525,138,276.06 from CNY 13,315,721,502.38, reflecting improved inventory management[18]. Investments and Financing - The company plans to issue non-financial corporate debt financing tools not exceeding CNY 1 billion, with a maturity of up to 5 years[15]. - Long-term equity investments rose to CNY 30.65 billion, up from CNY 30.04 billion, indicating a growth of 2.1%[20]. - The company reported an investment income of CNY 584.89 million, a decrease of 8.1% from CNY 636.54 million in the previous year[23]. Corporate Governance and Strategy - The board of directors appointed new executives to enhance the company's core competitiveness and sustainable development capabilities[16]. - The company is undergoing a board member election process, with candidates proposed for independent director positions[15]. - The company’s financial position reflects a strategic focus on enhancing operational efficiency and market expansion[15]. - The company reported a significant amount of other receivables totaling CNY 2,582,131,230.53, down from CNY 3,358,342,138.74[18]. - The company reported a total of 216,374 common shareholders at the end of the reporting period[11]. - The company has a major shareholder, Southern Hope Industry Co., Ltd., holding 1,328,957,185 shares, representing a significant portion of the total shares[12].

Sales and Revenue Performance - In 2023, the company achieved a pig sales volume of 17.68 million heads, significantly contributing to overall revenue and profit[8]. - The company's operating revenue for 2023 was approximately ¥141.70 billion, representing a slight increase of 0.14% compared to ¥141.51 billion in 2022[24]. - The net profit attributable to shareholders for 2023 was approximately ¥249.20 million, a significant recovery from a loss of ¥1.46 billion in 2022, marking a 117.07% improvement[24]. - The net cash flow from operating activities increased by 50.50% to approximately ¥13.90 billion in 2023, up from ¥9.24 billion in 2022[24]. - The company’s total feed sales reached 28.76 million tons in 2023, accounting for 8.9% of the national total, with poultry feed at 15.22 million tons, representing 11.9% of the national total[47]. - The company achieved operating revenue of 21.302 billion yuan, a year-on-year decrease of 4.89% due to lower average pig prices[70]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of approximately -¥4.61 billion, a decline of 416.05% compared to -¥951.88 million in 2022[24]. Cost and Profitability Challenges - The average domestic pig price in 2023 was approximately 15 RMB/kg, marking the lowest level since 2020[8]. - Feed raw material costs typically account for over 90% of total feed costs, with rising prices of corn and soybean meal impacting profitability[4]. - The company is facing challenges due to exchange rate fluctuations affecting its global raw material procurement, particularly for corn, soybeans, and fishmeal[13]. - The company’s gross profit margin for the feed segment was 5.25%, down 1.23% from the previous year[73]. - The average cost of fattened hogs was reduced to 15.8 RMB/kg, a decrease of 0.9 RMB/kg compared to the previous quarter, narrowing the gap with industry leaders[123]. Strategic Initiatives and Adjustments - The company plans to focus on the feed and pig farming sectors, aiming to enhance competitiveness in these core businesses following a strategic adjustment[22]. - The company has undergone significant strategic adjustments in response to the current phase of the pig cycle and industry development characteristics[22]. - The company is actively monitoring macroeconomic conditions and adjusting its strategies to mitigate risks associated with currency fluctuations and environmental regulations[14]. - The company plans to enhance its breeding efficiency by constructing higher-standard livestock facilities and expanding its breeding bases through new constructions, acquisitions, and partnerships[11]. - The company is exploring smart pig farming technologies to enhance operational efficiency[127]. Supply Chain and Procurement Management - The company has established strategic partnerships with multiple domestic and international suppliers to optimize raw material costs[6]. - The company has implemented hedging tools since 2020 to manage raw material price volatility and has strengthened centralized procurement management[6]. - The company has established a collaborative procurement model for feed raw materials, integrating nutrition research and technical applications across its feed and pig farming sectors[58]. - The company has signed strategic cooperation agreements with leading enterprises, with credit amounts reaching several billion yuan, to manage raw material procurement effectively[54]. Biosecurity and Risk Management - The company has developed a comprehensive biosecurity system and monitoring network to mitigate risks from animal diseases[3]. - The company continues to explore effective disease prevention methods through industry collaboration[3]. - The company has built mature emergency plans and maintains sufficient disaster relief supplies in response to natural disasters[4]. - The company has established a warning mechanism for African swine fever, enhancing its ability to monitor and control the disease[82]. Financial Management and Investments - The company will not distribute cash dividends or issue bonus shares, focusing on reinvestment strategies instead[14]. - The company has a robust financial position with over 100 billion yuan in credit facilities, maintaining a low utilization rate of approximately 70%[60]. - The company’s total investment during the reporting period was ¥30,360,989,791.60, representing a 13.53% increase compared to ¥26,741,547,173.00 in the previous year[90]. - The company has established a derivative investment management system and a hedging business management system to mitigate risks associated with derivative investments[96]. Market Trends and Industry Dynamics - The domestic feed industry has shown a steady growth trend, with an average annual growth rate of approximately 6.8% from 2001 to 2023[31]. - The annual pig slaughter volume increased by 13% in 2023 compared to 2009, while the number of breeding sows decreased by 16%[37]. - The industry is witnessing a shift towards larger-scale, industrialized pig farming, with a significant reduction in smallholder farming as production efficiency improves[38]. - The average PSY (Pigs per Sow per Year) in the industry rose from approximately 17 before major swine disease outbreaks to around 21 in 2023[39]. Corporate Governance and Management Changes - The company has established a standardized corporate governance structure in compliance with relevant laws and regulations, ensuring effective division of responsibilities and checks and balances[140]. - The company’s leadership team has undergone significant changes, indicating a potential shift in strategic focus and operational management[154]. - The company is actively engaging in board elections and appointments to strengthen its management team and governance[148]. - The company’s management team is composed of individuals with advanced degrees and relevant industry experience, positioning it for future growth[149][154]. Research and Development Efforts - The company has developed proprietary breeding and production management software, enhancing breeding efficiency and accuracy with improved algorithms[57]. - The company’s R&D investment amounted to ¥209,587,737.79 in 2023, a decrease of 30.63% compared to ¥302,134,689.88 in 2022[83]. - Investment in R&D has increased by 30%, focusing on innovative technologies in animal husbandry and feed production[156]. - The company is advancing molecular breeding technologies, including somatic cell cloning and gene editing, to enhance pig performance and production efficiency[81]. Future Outlook and Growth Strategies - Future outlook indicates a projected revenue growth of 20% for 2024, driven by new product launches and market expansion strategies[155]. - The company plans to enter three new international markets by the end of 2024, aiming to increase its global footprint[155]. - The company aims to enhance its digital transformation initiatives, with a target of 50% of sales coming from online channels by 2025[157]. - The company is exploring potential acquisitions to enhance its supply chain efficiency, with a budget allocation of 5 billion RMB for strategic investments[157].