Group 1 - The core viewpoint of the article is that Shengnong Development (002299) reported significant growth in sales revenue for July 2025, achieving 2.129 billion yuan, which represents a year-on-year increase of 22.02% and a month-on-month increase of 26.21% [1] Group 2 - The poultry breeding and processing segment generated chicken sales revenue of 1.49 billion yuan, reflecting a year-on-year growth of 14.44% and a month-on-month growth of 27.35% [1] - The deep-processed meat products segment reported sales revenue of 983 million yuan, showing a year-on-year increase of 38.48% and a month-on-month increase of 19.74% [1]

本公司及董事会全体成员保证公告内容真实、准确和完整，不存在虚假记载、误导性陈 述或者重大遗漏。 一、2025 年 7 月份销售情况 福建圣农发展股份有限公司（以下简称"公司"）2025 年 7 月实现销售收入 21.29 亿元，较去年同期增长 22.02%，较上月环比增长 26.21%。其中，家禽饲养 加工板块鸡肉销售收入为 14.90 亿元，较去年同期增长 14.44%，较上月环比增 长 27.35%；深加工肉制品板块销售收入为 9.83 亿元，较去年同期增长 38.48%， 较上月环比增长 19.74%。 证券代码：002299 证券简称：圣农发展 公告编号：2025-044 福建圣农发展股份有限公司 2025 年 7 月份销售情况简报 销量方面，7 月份家禽饲养加工板块鸡肉销售数量为 15.87 万吨，较去年同 期增长 22.88%，较上月环比增长 28.40%；深加工肉制品板块产品销售数量为 5.16 万吨，较去年同期增长 56.39%，较上月环比增长 23.70%。 福建圣农发展股份有限公司 二、说明 董 事 会 2025 年 7 月，公司各板块销量延续稳健增长态势，产品结构持续优化，深 加工产品占 ...

Investment Rating - The overall industry rating is "Positive" for the agriculture sector, indicating expected returns above the CSI 300 index by more than 5% in the next six months [6][51]. Core Views 1. **Livestock Industry Chain** - The swine market is experiencing rising epidemic risks and policy support, which is expected to enhance the motivation for capacity reduction. The average price of live pigs is currently 13.71 CNY/kg, down 0.62 CNY from last week, while the average price for 15 kg piglets is 31.24 CNY/kg, down 1.48 CNY [5][19]. - The operating rate of large-scale slaughterhouses has increased to 31.9%, up 0.36 percentage points from last week and 7.26 percentage points year-on-year. The total output of pigs from 16 listed companies reached 100.75 million heads, a year-on-year increase of 16.9% [5][19]. - The number of breeding sows has decreased to 40.43 million heads, down 370,000 from the peak last year. The average profit per head for self-bred pigs is 45 CNY, an increase of 2 CNY from last week [6][20]. 2. **Poultry Industry** - Chicken prices are experiencing fluctuations, with the average price for broiler chickens at 3.54 CNY/lb, up 0.13 CNY from last week. The average price for white feather chickens is 13.9 CNY/kg, up 0.2 CNY [21][23]. - The industry is at a historically high capacity level, with limited imports in the first seven months of the year. The profitability per chicken has turned positive at 0.62 CNY [21][23]. - The yellow chicken market is also seeing price declines, with average prices at 9.77 CNY/kg for Lihua yellow chicken, down 0.02 CNY from last month [23][24]. 3. **Seed and Planting Industry** - The seed industry is benefiting from ongoing policy optimization and the promotion of genetically modified organisms (GMOs). The long-term investment value of leading seed companies is highlighted as they are at historical low valuations [10][24]. - Grain prices are experiencing short-term adjustments but are expected to rise in the medium term due to reduced imports and adverse weather conditions. The average purchase price for corn is 2441 CNY/ton, down 4 CNY from last week [12][24]. Company Recommendations - Recommended companies include: - Zhongchong Co., Ltd. - Buy [3] - Muyuan Foods Co., Ltd. - Buy [3] - Suqian Agricultural Development Co., Ltd. - Buy [3]

（文章来源：证券日报） 证券日报网讯圣农发展8月6日在互动平台回答投资者提问时表示，截至2025年7月31日收盘，根据中国 证券登记结算有限责任公司提供的《不含信用账户合并名册全体前N名》名册，公司股东户数为34153 户。 ...

Investment Rating - The report maintains an investment rating of "A" for the agriculture sector, suggesting a focus on the recovery cycle of feed and marginal improvements in breeding [1]. Core Insights - The agriculture sector has shown a decline of 2.97% in the past week, with the animal health, food and feed additives, fruit and vegetable processing, aquaculture, and seeds sub-industries performing the best [1][22]. - The report highlights a potential recovery in the feed industry due to the decline in upstream raw material prices and improvements in the breeding sector, particularly for Haida Group, which is expected to see an upward trend in its operational fundamentals [2][4]. - The report emphasizes that the current market may be overly pessimistic about the impact of rising pig production capacity on profitability, while it overlooks the positive effects of declining raw material costs and potential macro demand recovery in 2025 [3]. Summary by Sections Swine Breeding - As of August 1, 2025, the average prices for external three yuan pigs in Sichuan, Guangdong, and Henan were 13.70, 16.04, and 14.38 yuan per kilogram, reflecting increases of 0.74%, 3.22%, and 1.77% respectively [2][31]. - The average pork price was 20.60 yuan per kilogram, down 1.29% from the previous week, while the average wholesale price for piglets was 27.00 yuan per kilogram, up 3.85% [31]. - The report suggests that the swine breeding industry is expected to enter a profitability cycle starting from Q2 2024, although the average debt reduction rate indicates a long road ahead for the industry [3]. Poultry Breeding - The weekly price for white feather broilers was 6.83 yuan per kilogram, up 1.94%, while the price for broiler chicks rose significantly by 33.16% to 2.57 yuan per chick [46]. - The report notes that the breeding profit for broilers is currently negative at -0.43 yuan per chick, and egg prices have decreased by 2.70% to 7.20 yuan per kilogram [46]. Feed Processing - In June 2025, the total industrial feed production in China was 27.67 million tons, a slight decrease of 0.1% month-on-month but a year-on-year increase of 6.6% [55]. - The report indicates that the production of compound feed, concentrated feed, and additive premix feed saw year-on-year growth of 6.6%, 3.4%, and 8.7% respectively [55]. Aquaculture - As of August 1, 2025, the prices for sea cucumbers, shrimp, and bass remained stable at 90.00 yuan per kilogram, 320.00 yuan per kilogram, and 50.00 yuan per kilogram respectively [64]. - In freshwater products, the price for grass carp was 16.70 yuan per kilogram, down 0.30%, while crucian carp saw a slight increase of 0.09% to 22.99 yuan per kilogram [64]. Crop and Grain Processing - As of August 1, 2025, soybean prices were stable at 3926.32 yuan per ton, while corn and wheat prices slightly decreased to 2402.75 yuan and 2440.50 yuan per ton respectively [75]. - The report highlights a significant increase in the price of enoki mushrooms, which rose by 37.78% to 6.20 yuan per kilogram [75].

Core Viewpoint - The article highlights the strong performance and growth potential of Shengnong Development, a leading company in the poultry industry, particularly in the production of white feather broilers and meat processing [1][2]. Group 1: Company Overview - Shengnong Development is the only company in China that has developed its own white feather chicken breed and achieved bulk sales, making it the largest integrated producer of white feather broilers in China [1][2]. - The company has established a comprehensive poultry industry chain, including feed processing, breeding, incubation, and meat processing, ranking first in Asia and sixth globally in the white feather chicken industry [2][3]. Group 2: Financial Performance - The company has achieved a net cash inflow from operations for 19 consecutive years, with an average net inflow of 2.23 billion yuan over the past three years [2]. - For 2024, the company expects a net profit attributable to shareholders of 720 million yuan, marking a significant recovery from previous years, with revenue reaching a historical high of 18.59 billion yuan [2]. - The forecast for the 2025 mid-year report anticipates a non-recurring net profit of 330 million to 420 million yuan, representing a year-on-year growth of 256.2% to 353.4% [2]. Group 3: Production and Capacity - The company has a breeding capacity of over 700 million white feather chickens and has established food processing capacity exceeding 500,000 tons, leading the nation in both categories [3]. - Shengnong Development has successfully developed the "Shengze 901" breed and its upgraded version "Shengze 901plus," enhancing breeding efficiency and reducing feed conversion ratios [3]. Group 4: Market Position and Client Relationships - The company has established long-term strategic partnerships with well-known clients such as Yum China, McDonald's, and Walmart, leveraging over 40 years of experience in the white feather chicken industry [3]. - The company is well-positioned to benefit from the current market dynamics, including potential supply shortages due to import restrictions and disease outbreaks in other countries [7]. Group 5: Analyst Ratings and Forecasts - Analysts have adjusted their profit forecasts for Shengnong Development, with expectations of revenue growth from 19.71 billion yuan in 2025 to 24.35 billion yuan in 2027, alongside net profits increasing from 977 million yuan to 1.369 billion yuan in the same period [7][8]. - The company has received positive ratings from various analysts, with a consistent "buy" recommendation based on its integrated business model and cost advantages [6][8].

Core Viewpoint - The article highlights the strong performance and growth potential of Shengnong Development, a leading company in the poultry industry, particularly in the production of white feather broilers and meat processing, showcasing its unique position in the market and financial growth prospects [1][2][3]. Financial Performance - Shengnong Development has achieved a net cash flow from operations for 19 consecutive years, with an average net inflow of 2.23 billion yuan over the past three years [2]. - The company's projected net profit for 2024 is 720 million yuan, marking a significant recovery from a historical high of 4.09 billion yuan in 2019, with continuous growth over the past three years [2]. - Revenue is expected to reach a historical high of 18.59 billion yuan, with a forecasted non-net profit growth of 256.2% to 353.4% for the mid-2025 report [2][3]. Industry Position - Shengnong Development is the only company in China that has developed its own white feather chicken breeding stock and is capable of mass sales, making it the largest integrated producer of white feather broilers in China [1][2]. - The company ranks first in Asia and sixth globally in the white feather broiler industry, with a comprehensive supply chain that includes feed processing, breeding, and meat processing [2][3]. Production Capacity and Innovation - The company has a breeding capacity exceeding 700 million birds and has established food processing capacity of over 500,000 tons, leading the nation in both areas [3]. - Shengnong has developed the "Shengze 901" breeding line, which has received approval for external sales, and has introduced an optimized version, "Shengze 901 Plus," enhancing production efficiency [3]. Strategic Partnerships - The company has established long-term strategic partnerships with well-known clients such as Yum China, McDonald's, and Walmart, leveraging its 40 years of experience in the white feather chicken industry [3]. Analyst Ratings and Forecasts - Analysts have adjusted their profit forecasts for Shengnong Development, with expectations of significant revenue growth from 19.71 billion yuan in 2025 to 24.35 billion yuan in 2027, alongside net profits increasing from 977 million yuan to 1.37 billion yuan in the same period [7][8]. - The company is expected to maintain a "buy" rating due to its integrated supply chain and cost advantages, with analysts predicting a PE ratio of 23 for 2025 [6][8].

新华财经北京8月6日电根据申万一级行业分类，截至2025年8月4日，共有54家农林牧渔行业A股上市公司披露2025年中报业绩预告。 其中，业绩预喜（包括预增、略增、扭亏）的农林牧渔企业合计30家，业绩偏负面（首亏、续亏、预减）的企业合计24家。 图1：农林牧渔行业2025年中报业绩预告类型统计 30家业绩预喜牧原股份、海大集团利润下限超20亿元 公开资料显示，30家业绩预喜的农林牧渔企业中，牧原股份预告净利润下限超过102亿元，海大集团超过25亿元。此外，圣农发展、新希望的企业预告净利 润下限超过5亿元。 牧原股份预计2025年上半年实现归母净利润为105亿元到110亿元，同比增加924.6%到973.39%；扣非后归母净利润为106亿元到111亿元，同比增加882.95% 到929.31%。公司表示，本次经营业绩大幅提升，主要原因为报告期内公司生猪出栏量较去年同期上升导致收入上升，且生猪养殖成本较去年同期下降。 海大集团披露公告称，2025年上半年公司预计实现归母净利润25亿元到28亿元，同比增长17.64%至31.76%；扣非后归母净利润为25.1亿元到28.1亿元。 | 证券代码 | 证券简称 | 预告 ...

8月5日，圣农发展大宗交易成交90万股，成交额1459.8万元，占当日总成交额的3.88%，成交价16.22元，较市场收盘价16.72 元折价2.99%。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 成交星 | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | | | | | (元) (万股/万份) | | | | | 2025-08-05 | 002299 | 圣农发展 | 16.22 90.00 | 1,459.80 中信证券股份有限 | | 机构专用 | | | | | | 公司宜兴新城路证 | | | | | | | | 券营业部 | | | ...

证券之星消息，8月5日养殖业板块较上一交易日上涨0.8%，圣农发展领涨。当日上证指数报收于 3617.6，上涨0.96%。深证成指报收于11106.96，上涨0.59%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 002299 | 圣农发展 | 16.72 | 2.70% | 21.67万 | | 3.61亿 | | 002234 | 民和股份 | 8.98 | 2.28% | 9.40万 | | 8429.07万 | | 300967 | 晓鸣股份 | 20.28 | 2.27% | 10.80万 | | 2.18亿 | | 002321 | 华英农业 | 2.60 | 1.96% | 38.94万 | | 1.01亿 | | 002458 | 益生股份 | 9.01 | 1.81% | 15.42万 | | 1.39亿 | | 002746 | 仙坛股份 | 6.30 | 1.29% | 15.54万 | | 9776.42万 | | 0029 ...