Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Viewpoints - In April 2025, the national average selling price of live pigs was 14.80 yuan/kg, with a month-on-month increase of 1.33% and a year-on-year decrease of 1.95% [6][18] - The supply gap in May is expected to lead to a further increase in the price center of live pigs, driven by limited increases in supply and improving demand [6][18] - The average weight of pigs sold is expected to gradually decline, but the narrowing price difference between different grades of pigs will have limited pressure on prices [7][22] Summary by Sections Industry Overview - April saw a non-seasonal increase in pig prices, with expectations for further price increases in May due to supply constraints and improving demand [6][18] - The average price of live pigs in April was 14.80 yuan/kg, with a month-on-month increase of 1.33% [6][18] - The slaughter volume in April was 4.213 million heads, a month-on-month decrease of 4.54% but a year-on-year increase of 6.76% [6][18] Supply and Demand Dynamics - The supply of pigs is expected to be limited in May due to previous culling and disease impacts, while demand for pork is showing marginal improvement [6][18] - The planned output for May is expected to increase by 1.98% compared to actual output in April [6][18] Profitability and Market Performance - The average profit for self-bred pigs in April was 69.44 yuan/head, a month-on-month increase of 63.63% [8][26] - The number of breeding sows in April increased by 0.96% month-on-month [8][26] - The price of 15kg piglets reached 630 yuan/head, indicating a high price level during the replenishment season [8][26] Company Performance - In April, 12 listed pig farming companies collectively sold 16.2368 million pigs, a year-on-year increase of 37.22% [9][28] - Major companies such as Muyuan Foods and Wens Foodstuffs reported significant year-on-year increases in sales volume [9][28] - The average selling prices varied among companies, with some experiencing increases while others saw declines [9][35]

A股养殖业板块盘初走弱，回盛生物跌超10%，晓鸣股份跌超5%，湘佳股份、国联水产、天邦食品纷纷 下挫。 ...

证券代码：002124 证券简称：天邦食品 公告编号：2025-048 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、担保情况概述 （一）担保审议情况 公司于2025年3月28日第八届董事会第三十五次会议及2025年4月25日公司 2024年年度股东大会审议通过了《关于公司2025年对外担保的议案》，同意在有 效评估风险和保证资金（资产）安全的前提下，公司及控股子公司拟为合并报表 范围内公司提供担保、对子公司的客户、养殖场（户）、合作伙伴及其担保方提 供担保，担保总额度不超过152.6亿元。由公司股东大会、董事会另行做出决议的 担保或者已经履行完毕、期限届满的担保将不再占用上述授权额度。对外担保授 权额度有效期自2024年年度股东大会审议通过之日起至2025年年度股东大会召 开之日止。具体内容请详见披露于巨潮资讯网（http://www.cninfo.com.cn）的《关 于2025年度对外担保的公告》（公告编号：2025-026）。 （二）对外担保进展情况 公司担保额度总计为152.6亿元，其中公司为资产负债率70%以上的控股子公 司担保的额度41亿元 ...

"浙江猪王"天邦食品的重整取得了重要进展。 21世纪经济报道记者 董鹏 成都报道 根据近期公告，该公司已经与厦门建发物产有限公司（下称"建发物产"）、南宁漓源粮油饲料有限公司 （下称"南宁漓源"）签署《重整投资协议》，同时法院也批准其预重整再次延长至2025年11月9日。 以上两家公司均为产业投资者，具体业务涉及油脂油料、饲料原料和生猪养殖等领域，属于天邦食品的 上游和同行。 另据相关投资协议，在重整完成后，建发物产、南宁漓源将分别持有天邦食品2亿股，低于公司实控人 张邦辉的持股数量，所以也不会导致公司实控人变更。 需要指出的是，相较于上一轮猪周期进行重整的正邦科技、*ST傲农，天邦食品是主动申请重整，公司 资产质地较好，债务问题也没有特别严重。 仅以养殖企业的重要评价指标为例，2025年一季度，天邦食品生猪育肥完全成本13.62元/公斤，如果剔 除空栏费，其完全成本可以低至13.14元/公斤，公司还是少数几家出栏量达到过700万头的大型养殖企 业。 放在A股行业内部，天邦食品的成本、出栏量虽然无法与牧原股份等行业龙头相比，但是占据一个二线 主力的名额问题不大，这可能也是能够吸引到上述投资人的原因。 重整投资 ...

Market Overview - The Shanghai Composite Index rose by 0.82% on May 12, with 27 out of the 28 sectors experiencing gains, led by the defense and military industry at 4.80% and the electric equipment sector at 2.69% [2] - The agriculture, forestry, animal husbandry, and fishery sector had the largest decline at 0.49% [2] Capital Flow Analysis - The net inflow of capital in the two markets was 19.145 billion yuan, with 19 sectors seeing net inflows [2] - The defense and military industry had the highest net inflow of 5.401 billion yuan, followed by the electric equipment sector with 3.977 billion yuan [2] Agriculture, Forestry, Animal Husbandry, and Fishery Sector - This sector saw a net outflow of 939 million yuan, with 31 stocks rising and 67 stocks declining [3] - The top three stocks with the highest net inflow were Ruipubio (25.4001 million yuan), Haida Group (19.5640 million yuan), and Pingtan Development (16.2560 million yuan) [3][4] - The stocks with the largest net outflow included Muyuan Foods (-124.3359 million yuan), Wens Foodstuffs (-78.5275 million yuan), and Tianbang Foods (-67.0728 million yuan) [5][6] Key Stocks in Agriculture, Forestry, Animal Husbandry, and Fishery Sector - Top inflow stocks: - Ruipubio: +6.88%, 6.54% turnover, 25.4001 million yuan inflow [4] - Haida Group: -1.73%, 0.51% turnover, 19.5640 million yuan inflow [4] - Pingtan Development: +1.33%, 4.12% turnover, 16.2560 million yuan inflow [4] - Top outflow stocks: - Muyuan Foods: -0.46%, 0.67% turnover, -124.3359 million yuan outflow [5] - Wens Foodstuffs: -0.95%, 0.69% turnover, -78.5275 million yuan outflow [5] - Tianbang Foods: -2.74%, 7.18% turnover, -67.0728 million yuan outflow [5]

Group 1 - Tianbang Food (002124) has made progress in its restructuring, selecting Xiamen Jianfa Real Estate Co., Ltd. consortium as the chosen investor, and signing a restructuring investment agreement with industry investors [1][2] - According to the restructuring investment agreement, after the completion of the restructuring, Jianfa Real Estate and Nanning Liyuan Grain and Oil Feed Co., Ltd. will each receive 200 million shares of the listed company at a price of 1.85 yuan per share, totaling an investment of 740 million yuan [1][2] - The restructuring aims to improve the financial structure and resolve the debt crisis, while introducing new capital to restore and enhance the company's sustainable operation and profitability [2][3] Group 2 - In 2024, Tianbang Food achieved a turnaround in its operating performance, generating a net profit attributable to shareholders of 1.459 billion yuan, with a net profit of 257 million yuan after deducting non-recurring gains and losses [3] - The company's asset-liability ratio at the end of 2024 was 72.58%, a decrease of 14.15 percentage points from the end of 2023, indicating improved financial conditions [3] - In the first quarter of 2025, Tianbang Food's net profit after deductions turned significantly positive, exceeding 100 million yuan, compared to a loss of over 450 million yuan in the same period last year [3]

证券代码：002124 证券简称：天邦食品 公告编号：2025-047 天邦食品股份有限公司 关于公司收到法院延长预重整期限决定书的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 天邦食品股份有限公司（以下简称"公司"或"天邦食品"）于 2024 年 8 月 9 日 收到宁波市中级人民法院（以下简称"宁波中院"）送达的（2024）浙 02 民诉前调 595 号《决定书》，宁波中院决定对天邦食品进行预重整，预重整期间为六个月。2024 年 8 月 27 日，公司收到宁波中院送达的（2024）浙 02 民诉前调 595 号《通知书》，宁波 中院指定北京大成律师事务所、浙江和义观达律师事务所、北京大成(宁波)律师事务所 联合担任公司预重整管理人。2025 年 2 月 8 日，公司收到宁波中院送达的(2024)浙 02 民诉前调 595 号之一《决定书》，宁波中院准许天邦食品的延期申请，决定延长天邦食 品股份有限公司的预重整期间至 2025 年 5 月 9 日。 一、 本次延长预重整期间具体情况 2025 年 5 月 8 日，公司向宁波中院申请再次延长六个月预 ...

证券代码：002124 证券简称：天邦食品 公告编号：2025-046 天邦食品股份有限公司 关于与产业投资人签署《重整投资协议》暨预重整进展的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 重要内容提示： 1、预重整为法院正式受理重整前的程序，法院同意公司预重整，不代表法院最终 裁定受理公司重整，公司后续是否进入重整程序尚存在不确定性。公司将密切关注相 关情况并根据进展及时履行信息披露义务。 2、公司股票交易存在被实施退市风险警示的风险：若法院裁定受理公司重整，根 据《深圳证券交易所股票上市规则》的相关规定，公司股票将被实施退市风险警示。 3、公司股票存在终止上市的风险：如果法院正式受理对公司的重整申请且公司顺 利实施重整并执行完毕重整计划，将有利于改善公司资产负债结构，推动公司健康、可 持续发展。但即使法院正式受理对公司的重整申请，公司仍存在因重整失败而被宣告 破产的风险。如果公司被宣告破产，公司将被实施破产清算，根据《深圳证券交易所股 票上市规则》的相关规定，公司股票将面临被终止上市的风险。 4、重整投资协议的履约风险：关于本次重整投资协议，可能 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002124 证券简称：天邦食品 公告编号：2025-045 天邦食品股份有限公司 2025年4月份商品猪销售情况简报 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大 遗漏。 一、商品猪销售情况 2025年4月公司生猪屠宰头数158,685头，1-4月份累计生猪屠宰头数595,206头。 上述数据未经审计，与定期报告披露的数据之间可能存在差异，因此仅作为阶段性数据供投资者参考。 二、风险提示 1、商品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。 公司2025年4月份销售商品猪47.09万头（其中仔猪销售14.30万头），销售收入69,068.13万元，销售均价 16.29元/公斤（商品肥猪均价为14.81元/公斤），环比变动分别为-12.02%、-8.25%、0.92%。 2025年1-4月销售商品猪195.09万头（其中仔猪销售60.87万头），销售收入276,502.37万元，销售均价 16.25元/公斤（商品肥猪均价为14.88元/公斤），同比变动分别为-0.81%、18 ...

Major Events - *ST Huaron plans to acquire 34% stake in Zhejiang Zhuangchen for 19.728 million yuan, increasing its ownership from 51% to 85%, which will optimize the asset structure and promote business development [3][4] - Huazhi Media's film "Dumpling Queen" has grossed approximately 218 million yuan in ticket sales within six days of release, exceeding 50% of the company's audited revenue for the last fiscal year [5][6] - Shanghai International Group intends to transfer 339 million shares of Shanghai International Port Group to Jiushi Group without compensation, which will not change the major shareholder or actual controller [6] - Weili Medical's subsidiary received EU MDR certification for portable infusion pumps and disposable storage boxes, enhancing market access in Europe [7] - Guoxin Technology successfully tested a new quantum-resistant chip, AHC001, based on domestic 28nm process technology [8] Performance Overview - Tianbang Foods reported April sales of 470,900 pigs, generating revenue of 691 million yuan, with a sales price of 16.29 yuan/kg, showing a month-on-month decline [9] - Weisheng Information won a procurement project from State Grid Hebei Electric Power Company worth 15.4587 million yuan, representing 0.56% of the company's audited revenue for 2024 [10] - Hanma Technology's truck sales in April reached 1,127 units, marking a year-on-year increase of 56.96% [11] - Western Pastoral's fresh milk production in April increased by 0.47% year-on-year, totaling 3,024.95 tons [12] - Xiangyuan Cultural Tourism reported a 50.47% year-on-year increase in revenue during the May Day holiday, with 623,600 visitors [13] Major Contracts - Zhongli Co. signed a strategic cooperation framework agreement with Jungheinrich AG to promote electrification in the global material handling industry [14] - Far East Holdings received contracts worth 2.646 billion yuan in April for projects exceeding 10 million yuan [15] - Haoen Automotive received a designated letter from a leading new energy vehicle brand for radar and camera systems, with an estimated total revenue of 619 million yuan over 3-6 years [16] - Aopu Optoelectronics signed a contract for an optical system development worth 297 million yuan, accounting for 39.84% of the company's audited revenue for 2024 [17] - Zhonghua Rock and Soil's subsidiary won a bid for a 181 million yuan engineering project [18] Shareholding Changes - Linglong Tire's controlling shareholder plans to increase its stake in the company by 200 million to 300 million yuan within six months [19] Stock Buyback - Tiantong Co. secured a loan commitment of up to 45 million yuan for stock buyback purposes [20]