Core Viewpoint - The company reported a significant increase in sales revenue for August 2025, indicating strong performance in the poultry and processed meat sectors [2]. Sales Performance Summary - The company achieved sales revenue of 1.857 billion yuan in August 2025, representing a year-on-year growth of 19.11% but a month-on-month decrease of 12.76% [2]. - The poultry farming and processing segment generated sales revenue of 1.3 billion yuan, marking a year-on-year increase of 13.84% and a month-on-month decline of 12.23% [2]. - The deep-processed meat products segment reported sales revenue of 913 million yuan, with a year-on-year growth of 35.51% and a month-on-month decrease of 7.12% [2].

Group 1 - Yishitong plans to repurchase shares worth between 30 million to 55 million yuan at a price not exceeding 40.69 yuan per share, intended for employee stock ownership plans or equity incentives [1] - Guoyao Modern's subsidiary has received approval for a sodium bicarbonate injection to increase specifications and pass consistency evaluation [2] - Xinjing plans to reduce its shareholding by up to 1.2 million shares, accounting for 0.78% of the total share capital, between October 14, 2025, and January 13, 2026 [2] Group 2 - Jinfeikeda intends to apply for an additional credit limit of up to 60 million yuan from Jiangsu Financial Leasing [3] - Boshi Co. signed a project contract worth 235 million yuan with Guoneng Yulin Chemical for a three-year service period starting from October 31, 2025 [4] - Luan Energy reported a coal sales volume of 3.78 million tons in August, a decrease of 13.70% year-on-year [6] Group 3 - Shengnong Development achieved sales revenue of 1.857 billion yuan in August, a year-on-year increase of 19.11% [8] - Huading Co. plans to transfer 9.26% of its shares through public solicitation of transferees [10] - China Metallurgical Group's new contract amount from January to August decreased by 18.2% year-on-year, totaling 679.57 billion yuan [12] Group 4 - Longjing Environmental plans to invest approximately 3.99 billion yuan in the construction of a hydropower station project in the Democratic Republic of the Congo [14] - Longjing Environmental also plans to invest 2.391 billion yuan in an integrated energy station project, expected to be operational by the second quarter of 2026 [15] - Transsion Holdings has set the transfer price for its shares at 81.81 yuan per share, with a subscription rate of 1.15 times [17] Group 5 - Sinopec Oilfield Services won a bid for a natural gas pipeline project with a contract value of 858 million yuan [18] - Huaitian Thermal Power received a warning letter from the Liaoning Securities Regulatory Bureau for information disclosure violations [20] - China Nuclear Engineering signed new contracts totaling 96.633 billion yuan as of August [22] Group 6 - Shanghai Mechanical plans to publicly transfer 67% of its stake in Simic Welding Materials, with an estimated value of 291 million yuan [24] - Zhongke Environmental appointed Tang Xia as the new deputy general manager [26] - Baiyang Pharmaceutical signed a strategic cooperation agreement with Jikun Pharmaceutical for a drug project [28] Group 7 - Jinsong New Materials received a warning letter from the Zhejiang Securities Regulatory Bureau for fundraising irregularities [27] - Weitang Industrial obtained a national invention patent for a battery tray welding deformation control device [29] - Dongsoft Carrier secured two national invention patents related to energy management and voltage regulation circuits [30] Group 8 - Lian De Equipment won a bid for the BOE AMOLED production line project with a total amount of 201 million yuan [31] - Jingjiawei signed a strategic cooperation agreement with Anchaoyun to develop high-performance cloud desktop solutions [32] - Chuaning Biological received approval for a 1 billion yuan medium-term note registration [34] Group 9 - Jifeng Co. plans to reduce its shareholding by up to 2% through block trading [36] - Taihe Intelligent plans to transfer 5.79% of its shares to Sunshine New Energy Development Co., Ltd. [36] - Yangmei Chemical will change its stock name to "Luhua Technology" starting September 17, 2025 [38] Group 10 - ST Songfa's subsidiary signed contracts for the construction of four container ships, with a total value of approximately 300 to 500 million USD [40] - Green Energy Huichong plans to establish a joint venture with Xianyang Economic Development Group with a registered capital of 250 million yuan [42] - Baiyao Tai received a milestone payment of 5.4 million USD from Intas Pharmaceuticals [38]

证券代码：002299 证券简称：圣农发展 公告编号：2025-052 二、说明 2025 年 1-8 月，公司各业务板块产销量较去年同期保持稳健增长，深加工 产品占比持续提升，产品结构进一步优化。全渠道布局战略成效显著，推动整体 收入结构不断优化。高价值渠道销售延续增长态势，零售端继续保持高速增长， 出口业务表现尤为亮眼，8 月单月收入同比增长超过 90%。在成本控制方面，公 司通过多项举措巩固成本优势，持续深化精细化管理，1-8 月公司综合造肉成本 实现同比降低，盈利基础得到进一步夯实。 三、特别提示 1、家禽饲养加工板块鸡肉销售收入及销售数量为抵消前数据。 2、上述财务数据均未经审计，可能与公司定期报告披露的数据存在一定差 异，仅作为阶段性财务数据供投资者参考，敬请广大投资者注意投资风险。 福建圣农发展股份有限公司 2025 年 8 月份销售情况简报 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 8 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 8 月实现销售收 入 18.57 亿元，较去年同期增长 19.11 ...

Core Viewpoint - Shengnong Development (002299.SZ) reported a sales revenue of 1.857 billion yuan for August 2025, marking a year-on-year increase of 19.11% but a month-on-month decrease of 12.76% [1] Sales Performance - The poultry breeding and processing segment generated chicken sales revenue of 1.3 billion yuan, up 13.84% year-on-year, with a month-on-month decrease of 12.23% [1] - The deep-processed meat products segment achieved sales revenue of 913 million yuan, reflecting a year-on-year growth of 35.51% and a month-on-month decline of 7.12% [1] Volume Performance - In August, the poultry breeding and processing segment sold 137,400 tons of chicken, which is a 15.18% increase compared to the same month last year, but a month-on-month decrease of 13.16% [1] - The deep-processed meat products segment sold 48,000 tons, representing a significant year-on-year increase of 47.46% and a month-on-month decline of 6.95% [1] Business Growth and Strategy - From January to August, the company maintained steady growth in production and sales across all business segments, with an increasing proportion of deep-processed products and further optimization of product structure [1] - The company's all-channel layout strategy has shown significant results, continuously optimizing the overall revenue structure [1] - High-value channel sales continued to grow, with the retail sector maintaining rapid growth and export business performing exceptionally well, with August's monthly revenue increasing by over 90% year-on-year [1] Cost Management - The company has implemented various measures to consolidate cost advantages and deepen refined management, resulting in a year-on-year reduction in comprehensive meat production costs from January to August, further solidifying its profit foundation [1]

Core Viewpoint - The company reported a sales revenue of 1.857 billion yuan for August 2025, marking a year-on-year increase of 19.11% but a month-on-month decrease of 12.76% [1] Sales Performance - The poultry farming and processing segment generated sales revenue of 1.3 billion yuan, reflecting a year-on-year growth of 13.84% and a month-on-month decline of 12.23% [1] - The deep-processed meat products segment achieved sales revenue of 913 million yuan, with a year-on-year increase of 35.51% and a month-on-month decrease of 7.12% [1] Volume Performance - In August, the poultry farming and processing segment sold 137,400 tons of chicken, which is a 15.18% increase year-on-year but a 13.16% decrease month-on-month [1] - The deep-processed meat products segment sold 48,000 tons, showing a year-on-year growth of 47.46% and a month-on-month decline of 6.95% [1] Business Strategy and Growth - From January to August, all business segments maintained steady growth compared to the previous year, with an increasing proportion of deep-processed products and further optimization of product structure [1] - The company's all-channel layout strategy has shown significant results, continuously optimizing the overall revenue structure [1] - High-value channel sales continued to grow, with the retail sector maintaining rapid growth and export business performing exceptionally well, with August's single-month revenue increasing by over 90% year-on-year [1] Cost Management - The company has implemented various measures to consolidate cost advantages and deepen refined management, resulting in a year-on-year reduction in comprehensive meat production costs from January to August, further solidifying its profit foundation [1]

Core Viewpoint - The company reported a sales revenue of 1.857 billion yuan for August 2025, representing a year-on-year increase of 19.11% but a month-on-month decrease of 12.76% [1] Group 1: Sales Revenue - The poultry farming and processing segment generated sales revenue of 1.3 billion yuan, a year-on-year increase of 13.84% and a month-on-month decrease of 12.23% [1] - The deep-processed meat products segment achieved sales revenue of 913 million yuan, reflecting a year-on-year growth of 35.51% and a month-on-month decline of 7.12% [1] Group 2: Sales Volume - In August, the poultry farming and processing segment sold 137,400 tons of chicken, which is a 15.18% increase compared to the same month last year, but a month-on-month decrease of 13.16% [1] - The deep-processed meat products segment sold 48,000 tons, marking a year-on-year increase of 47.46% and a month-on-month decrease of 6.95% [1]

Core Insights - The company reported a sales revenue of 1.857 billion yuan in August, representing a year-on-year increase of 19.11% but a month-on-month decrease of 12.76% [1] Sales Performance - In the poultry breeding and processing segment, chicken sales volume reached 137,400 tons in August, marking a year-on-year increase of 15.18% and a month-on-month decrease of 13.16% [1] - The deep-processed meat products segment saw sales volume of 48,000 tons, which is a significant year-on-year increase of 47.46% but a month-on-month decrease of 6.95% [1] Channel Performance - The company continued to see growth in high-value channels, with retail maintaining rapid growth [1] - The export business performed exceptionally well, with single-month revenue in August increasing by over 90% year-on-year [1]

Core Insights - The company announced a sales revenue of 1.857 billion yuan for August 2025, representing a year-on-year increase of 19.11% but a month-on-month decrease of 12.76% [1] Poultry Farming and Processing Segment - The sales revenue from the poultry farming and processing segment reached 1.3 billion yuan, showing a year-on-year growth of 13.84% and a month-on-month decline of 12.23% [1] - The sales volume for chicken in this segment was 137,400 tons, which is a 15.18% increase compared to the same period last year, but a month-on-month decrease of 13.16% [1] Deep Processing Meat Products Segment - The sales revenue from the deep processing meat products segment was 913 million yuan, reflecting a significant year-on-year increase of 35.51% and a month-on-month decrease of 7.12% [1] - The sales volume for products in this segment was 48,000 tons, marking a substantial year-on-year growth of 47.46%, with a month-on-month decline of 6.95% [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The report highlights that the profitability of the breeding chain is expected to see significant growth in H1 2025, with the pet sector maintaining its high prosperity [3][20] - The preliminary ruling on anti-dumping measures against EU pork imports is anticipated to drive domestic pork prices upward, presenting a good opportunity for investment in the pig farming sector [4][14] - The report emphasizes a dual driving force from both fundamental and policy aspects, suggesting that pig prices are likely to rise in H2 2025, improving the investment logic in the pig farming sector [20] Summary by Sections Weekly Observation - The Ministry of Commerce has announced preliminary anti-dumping measures on EU pork imports, with a guarantee deposit rate ranging from 15.6% to 62.4% [4][13] - The domestic pork and pork offal import volume reached 1.15 million tons in H1 2025, with EU imports accounting for 52% [14][16] Market Performance (Sept 1 - Sept 5) - The agricultural index underperformed the market by 0.15 percentage points, with the Shanghai Composite Index down 1.18% and the agricultural index down 1.32% [6][24] - The pet food sector led the gains among sub-sectors, with notable increases in individual stocks such as Yuegui Co. (+13.19%) and Honghui Fruits (+9.23%) [6][24][29] Price Tracking (Sept 1 - Sept 5) - The average price of live pigs was 13.77 yuan/kg, up 0.11 yuan/kg from the previous week, while the average price of piglets was 25.4 yuan/kg, down 1.74 yuan/kg [7][35] - The price of corn futures increased by 1.46% to 2219.00 yuan/ton, and soybean meal futures rose by 1.60% to 2536.00 yuan/ton [47][48] Key News (Sept 1 - Sept 5) - The Ministry of Agriculture reported a 5.3% month-on-month increase in the slaughter volume of designated pig slaughtering enterprises in July 2025 [30] - The report indicates that the domestic pig farming sector is expected to benefit from the anti-dumping measures, leading to a potential increase in domestic pork prices [4][14] Investment Recommendations - Recommended stocks in the pig farming sector include Muyuan Foods, Wens Foodstuff Group, and Juxing Agriculture [20] - In the feed sector, companies like Haida Group and New Hope Liuhe are recommended due to strong domestic and overseas demand [20][23]

Company Overview - Saint Nour Development Co., Ltd. is located in Guangze County, Fujian Province, and was established on December 21, 1999. It was listed on October 21, 2009. The company's main business involves the breeding and initial processing of broiler chickens, as well as deep processing of chicken products [1][2]. - The revenue composition of the company is as follows: chicken meat accounts for 52.77%, meat products for 41.70%, and other supplementary products for 5.53% [1]. Financial Performance - For the first half of 2025, Saint Nour Development achieved an operating income of 8.856 billion yuan, representing a year-on-year growth of 0.22%. The net profit attributable to the parent company was 910 million yuan, showing a significant year-on-year increase of 791.93% [2]. - Since its A-share listing, the company has distributed a total of 6.860 billion yuan in dividends, with 1.113 billion yuan distributed in the last three years [3]. Stock Market Activity - As of September 4, the stock price of Saint Nour Development increased by 2.01%, reaching 17.27 yuan per share, with a trading volume of 153 million yuan and a turnover rate of 0.72%. The total market capitalization is 21.474 billion yuan [1]. - Year-to-date, the stock price has risen by 22.64%, with a recent decline of 2.10% over the last five trading days. Over the past 20 days, the stock has increased by 3.04%, and over the last 60 days, it has risen by 15.36% [1]. Shareholder Information - As of August 20, the number of shareholders of Saint Nour Development reached 38,800, an increase of 17.19% compared to the previous period. The average number of circulating shares per person decreased by 14.67% to 32,046 shares [2]. - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder, holding 33.7795 million shares, an increase of 13.3849 million shares from the previous period [3].