证券日报网讯圣农发展（002299）10月24日在互动平台回答投资者提问时表示，截至2025年10月20日收 盘，公司股东户数为33179户。 ...

从资金流向上来看，当日养殖业板块主力资金净流出1.53亿元，游资资金净流入1.41亿元，散户资金净流 入1167.29万元。养殖业板块个股资金流向见下表： 证券之星消息，10月24日养殖业板块较上一交易日下跌0.08%，晓鸣股份领跌。当日上证指数报收于 3950.31，上涨0.71%。深证成指报收于13289.18，上涨2.02%。养殖业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002458 | 益生股份 | 8.85 | 2.67% | 15.04万 | 1.34亿 | | 002299 | 圣农发展 | 16.28 | 1.12% | 13.68万 | 2.22亿 | | 300313 | *ST天山 | 8.43 | 0.60% | 4.28万 | 3656.71万 | | 000048 | 京基督农 | 17.03 | 0.53% | 47.94万 | 8.24亿 | | 002321 | 华英农业 | 2.80 | 0.36% | 39.82万 | 1.12 ...

行业报告 | 行业点评 农林牧渔 证券研究报告 2025 年 10 月 24 日 | 投资评级 | | | --- | --- | | 行业评级 | 强于大市(维持评级) | | 上次评级 | 强于大市 | 作者 吴立 分析师 SAC 执业证书编号：S1110517010002 wuli1@tfzq.com 陈潇 分析师 SAC 执业证书编号：S1110519070002 chenx@tfzq.com 林毓鑫 分析师 SAC 执业证书编号：S1110524080004 linyuxin@tfzq.com 行业走势图 -9% -5% -1% 3% 7% 11% 15% 19% 2024-10 2025-02 2025-06 农林牧渔 沪深300 资料来源：聚源数据 相关报告 1 《农林牧渔-行业研究周报:2025 年第 42 周周报：如何解读海大三季报及海外 业务拟拆分上市？》 2025-10-19 2 《农林牧渔-行业点评:散奶价格短期 反弹难改去化大势，奶价拐点仍可期》 2025-10-14 3 《农林牧渔-行业研究周报:2025 年第 41 周周报：养猪进入全面亏损，后市如 何解读？》 2025-10-1 ...

格隆汇10月24日｜开源证券研报指出，圣农发展2025Q1-Q3归母净利润11.59亿元，同比+202.82%；单 Q3归母净利润2.49亿元，同比-11.40%。公司经营稳健，业绩向好。鸡肉销量稳增成本持续下降，公司 零售C端、出口等渠道保持高速增长，带动销售结构优化，产品价格更具韧性。公司资产负债率下降， 账面资金同比增长，财务持续改善，高分红彰显公司投资价值。公司鸡肉销量稳增成本改善，发力C 端，高分红彰显投资价值，维持"买入"评级。 ...

开源证券研报指出，圣农发展2025Q1-Q3归母净利润11.59亿元，同比+202.82%；单Q3归母净利润2.49 亿元，同比-11.40%。公司经营稳健，业绩向好。鸡肉销量稳增成本持续下降，公司零售C端、出口等 渠道保持高速增长，带动销售结构优化，产品价格更具韧性。公司资产负债率下降，账面资金同比增 长，财务持续改善，高分红彰显公司投资价值。公司鸡肉销量稳增成本改善，发力C端，高分红彰显投 资价值，维持"买入"评级。 ...

Group 1: North Navigation (600435.SH) - The company reported a revenue of 2.468 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 210.01% [8] - The net profit attributable to shareholders reached 125 million yuan, up 268.83% year-on-year, while the net profit excluding non-recurring items was 117 million yuan, reflecting a 231.12% increase [8] - In Q3 2025, the company achieved a revenue of 765 million yuan, a year-on-year growth of 52.1% but a quarter-on-quarter decline of 43.3% [9] Group 2: Saint Farm Development (002299.SZ) - The company reported a revenue of 14.706 billion yuan and a net profit of 1.159 billion yuan for the first three quarters of 2025, with year-on-year increases of 6.86% and 202.82% respectively [12] - In Q3 2025, the revenue was 5.849 billion yuan, with a year-on-year increase of 18.77%, while the net profit decreased by 11.40% [12] - The poultry breeding and processing segment saw revenue growth, with sales volume increasing by 7.39% year-on-year, although the average selling price declined by 3.08% [12][13] Group 3: Guangxin Technology (920037.BJ) - The company achieved a revenue of 586 million yuan for the first three quarters of 2025, marking a year-on-year growth of 41.35%, and a net profit of 150 million yuan, up 91.95% [17] - In Q3 2025, the revenue was 211 million yuan, with a year-on-year increase of 35.95%, and the net profit reached 53 million yuan, reflecting a 92.73% growth [17] - The company has a strong market position in the domestic insulation materials sector, with several technologies reaching a global leading level, which is expected to accelerate domestic substitution [18]

Group 1: Wanchen Group / Leisure Food - The company reported a revenue of 36.562 billion yuan for the first three quarters of 2025, a year-on-year increase of 77.37%, with a net profit of 855 million yuan, up 917.04% [3] - In Q3 2025, revenue reached 13.98 billion yuan, a year-on-year increase of 44.15%, and net profit was 383 million yuan, up 361.22% [3][4] - The company is experiencing a strong growth trend, with a significant increase in store count to 15,400 by the end of H1 2025, contributing to improved performance [4][5] Group 2: Shengnong Development / Breeding Industry - Shengnong Development achieved a revenue of 14.706 billion yuan in the first three quarters of 2025, a year-on-year increase of 6.86%, with a net profit of 1.159 billion yuan, up 202.82% [7][8] - The company is optimizing its cost structure through self-developed breeds, leading to a decrease in comprehensive meat production costs [8][9] - The company is expanding its market share through a multi-channel strategy, with significant growth in retail and export channels [9] Group 3: Wens Foodstuff Group / Breeding Industry - Wens Foodstuff Group reported a revenue of 75.817 billion yuan for the first three quarters of 2025, a year-on-year increase of 0.53%, but net profit decreased by 17.98% to 5.256 billion yuan [11][12] - The company is focusing on cost control, with significant reductions in breeding costs for both pigs and chickens, maintaining a stable production performance [12][13] - The company is expected to achieve steady growth, with projected revenues of 96.972 billion yuan in 2025, increasing to 111.212 billion yuan by 2027 [13] Group 4: Tunan Co., Ltd. / Metal New Materials - Tunan Co., Ltd. reported a revenue of 859 million yuan for the first three quarters of 2025, a year-on-year decrease of 20.46%, with a net profit of 123 million yuan, down 52.21% [14][15] - The company is in a phase of capacity ramp-up for its subsidiaries, which has led to higher operational costs and a temporary decline in profitability [15][16] - The company is managing its inventory effectively, with a significant increase in inventory levels to 750 million yuan, reflecting proactive production planning [15]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002299 证券简称：圣农发展 公告编号：2025-064 福建圣农发展股份有限公司关于2019年限制性股票激励计划部分限制性股票回购注销完成的公告 5、根据公司2019年第二次临时股东大会审议通过的《关于提请股东大会授权董事会办理股权激励相关 事宜的议案》中股东大会对董事会的授权，2020年1月13日，公司召开第五届董事会第十四次会议，审 议通过了《关于调整2019年限制性股票激励计划首次授予部分激励对象名单、授予数量和授予价格的议 案》和《关于向激励对象首次授予限制性股票的议案》。公司独立董事对上述事项发表了同意的意见。 6、2020年1月13日，公司召开第五届监事会第十三次会议，审议通过了《关于调整2019年限制性股票激 励计划首次授予部分激励对象名单、授予数量和授予价格的议案》和《关于向激励对象首次授予限制性 股票的议案》，公司监事会对调整本次激励计划首次授予部分激励对象名单、授予数量和授予价格以及 本次激励计划的授予安排进行了审核，并发表了核查意见。 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚假记载、误导性陈述或者 ...

证券日报网讯 10月23日晚间，圣农发展发布公告称，公司本次回购注销的限制性股票数量为68，574 股，涉及激励人数为28人，占注销前公司总股本的0.0055%，共涉及回购资金754，366.65元。其中，首 次授予部分尚未解除限售的限制性股票回购价格为10.27元/股加上银行同期存款利息之和；预留授予部 分尚未解除限售的限制性股票回购价格为11.50元/股加上银行同期存款利息之和。截至本公告披露之 日，上述限制性股票已在中国证券登记结算有限责任公司深圳分公司办理完成注销手续。本次限制性股 票回购注销完成后，公司股份总数由1，243，180，295股减少至1，243，111，721股。 （文章来源：证券日报） ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company's main business is steadily growing, with a revenue of 14.706 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 6.86%. The net profit attributable to the parent company reached 1.159 billion yuan, a significant year-on-year increase of 202.82% [4][6] - In the third quarter alone, the company achieved a revenue of 5.849 billion yuan, up 18.77% year-on-year, while the net profit attributable to the parent company was 249 million yuan, down 11.40% year-on-year [4][6] - The company is optimizing its cost structure through the use of its self-developed breed "Shengze 901Plus," which has improved key indicators such as feed-to-meat ratio, leading to a continuous decline in costs [6] - The company is implementing a full-channel strategy, with significant growth in retail channels (over 30% year-on-year) and export channels (over 40% year-on-year) [6] Summary by Sections Financial Performance - For the first three quarters of 2025, the company reported a revenue of 14.706 billion yuan and a net profit of 1.159 billion yuan, with a notable increase in revenue and profit compared to the previous year [4][6] - The third quarter's revenue was 5.849 billion yuan, with a year-on-year growth of 18.77%, while the net profit was 249 million yuan, reflecting a decrease compared to the same period last year [4][6] Business Strategy - The company is focusing on optimizing its channel structure, with a clear division into three major channels: large B channel, retail C-end channel, and distribution channel [6] - The C-end retail channel has seen a growth of over 30% year-on-year, while the export channel has grown by over 40%, indicating a successful strategy in expanding market share [6] Profitability Forecast - The company is expected to achieve revenues of 20.028 billion yuan, 22.337 billion yuan, and 25.214 billion yuan for the years 2025, 2026, and 2027 respectively, with net profits projected at 1.503 billion yuan, 1.581 billion yuan, and 1.941 billion yuan [8][9] - The corresponding price-to-earnings ratios are estimated to be 13, 13, and 10 for the years 2025, 2026, and 2027, respectively, suggesting an improvement in profitability as demand recovers [6][9]