Group 1 - The core point of the article highlights the recent trading activity of Haida Group, which saw a closing price increase of 1.99% to 58.92 yuan on November 6 [1] - A significant block trade occurred, with a total volume of 1.85 million shares and a transaction value of 109 million yuan, executed at a price of 58.92 yuan, indicating a premium rate of 0.00% [1] - Over the past three months, Haida Group has recorded five block trades with a cumulative transaction value of 214 million yuan [1] Group 2 - In the last five trading days, the stock has increased by 1.53%, with a total net inflow of main funds amounting to 60.83 million yuan [1]

11月6日，海大集团大宗交易成交185万股，成交额1.09亿元，占当日总成交额的17.73%，成交价58.92元，较市场收盘价 58.92元持平。 | 交易日期 | 证券代码 | 证券简称 | 成交价格 | 成交量 | 成交金额 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | (元) | (万股/万份) | (万元) | | | | 2025-11-06 | 002311 | 海大集团 | 58.92 | 185.00 | 10,900极购专用 | | 机构专用 | ...

Core Viewpoint - Haida Group, a listed company in A-shares and a producer of animal and fish feed, is reportedly planning to arrange a Hong Kong listing with investment banks [2] Group 1: Company Overview - Haida Group was established in 1998 and currently employs over 40,000 staff [2] - The company operates across the entire modern agricultural and animal husbandry industry chain, including animal nutrition, breeding, veterinary vaccines, smart farming, and food processing [2] - Haida Group was listed in 2009 [2] Group 2: Listing Plans - The company is in discussions with China International Capital Corporation, GF Securities, and JPMorgan regarding the Hong Kong listing [2] - The listing could potentially occur as early as next year [2] - Haida Group previously announced plans to spin off its wholly-owned subsidiary, Haida International Holdings Limited, for a separate listing on the Hong Kong Stock Exchange [2] Group 3: Business Focus - The spun-off business will focus on the production and sales of feed in Asia (excluding East Asia), Africa, and Latin America [2] - The subsidiary will also provide supporting products such as seedlings and veterinary products [2]

Core Viewpoint - Haida Group's stock has shown a significant increase this year, with a year-to-date rise of 23.46%, indicating strong market performance despite recent fluctuations [1][2]. Financial Performance - For the period from January to September 2025, Haida Group achieved a revenue of 960.94 billion yuan, representing a year-on-year growth of 13.24% [2]. - The net profit attributable to shareholders for the same period was 41.42 billion yuan, reflecting a year-on-year increase of 14.31% [2]. Stock Market Activity - As of November 6, Haida Group's stock price was 58.95 yuan per share, with a market capitalization of 980.78 billion yuan [1]. - The stock experienced a net inflow of 15.38 million yuan from major funds, with significant buying activity from large orders [1]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 11.81% to 19,000, while the average number of circulating shares per person increased by 13.39% to 87,561 shares [2][3]. - The top circulating shareholder, Hong Kong Central Clearing Limited, increased its holdings by 8.01 million shares [3]. Dividend Distribution - Haida Group has distributed a total of 76 billion yuan in dividends since its A-share listing, with 37.39 billion yuan distributed over the past three years [3].

Core Viewpoint - The agricultural, animal husbandry, and fishery sector has seen a midday surge, with the highest "pig content" ETF (159275) experiencing a brief low-level fluctuation before a sudden rise, currently up by 0.2% [1] Group 1: Market Performance - The agricultural, animal husbandry, and fishery ETF (159275) opened with a slight dip but later rose, reflecting a positive market sentiment [1] - Key stocks in the sector, including Brother Technology, Jin Xin Nong, and Mei Hua Biological, saw significant gains, with Brother Technology rising over 5% and several others increasing by more than 1% [1] Group 2: Industry Insights - Recent trends indicate that national pig prices initially rose to 12.35 yuan/kg, a peak for October, but later fell due to insufficient demand and increased market supply [2] - Analysts predict accelerated de-capacity in the pig farming sector, with a focus on biological breeding and the promotion of genetically modified corn [3] - The poultry industry is expected to benefit from price increases in the white feather chicken supply chain due to overseas avian influenza impacts [3] Group 3: Investment Opportunities - The agricultural, animal husbandry, and fishery ETF (159275) is highlighted as a key investment opportunity, tracking the comprehensive agricultural index with significant exposure to leading pig farming companies [5] - The ETF's index shows a price-to-book ratio of 2.56, indicating a relatively low valuation compared to historical levels, suggesting a favorable long-term investment opportunity [3]

Group 1: Market Performance - The three major indices opened higher on November 6, with the Shanghai Composite Index up 0.10%, the Shenzhen Component Index up 0.37%, and the ChiNext Index up 0.60% [1] - The Tianhong Food and Beverage ETF (159736) rose by 0.28%, with a premium trading rate of 0.06% [1] - As of November 5, the Tianhong Food and Beverage ETF had a latest circulating scale of 5.622 billion yuan, ranking first among food and beverage ETFs in the Shenzhen market [1] Group 2: Fund Flows - The Tianhong Food and Beverage ETF experienced net inflows for 9 out of the last 10 days, accumulating nearly 120 million yuan [1] - The ETF tracks the CSI Food and Beverage Index, focusing on leading stocks in high-end and mid-range liquor, as well as segments like beverages, dairy, and condiments [1] Group 3: Agricultural Sector - The Tianhong Agricultural ETF (subscription code: 512623, listing code: 512620) officially launched on November 3, with fundraising set to end on November 7, 2025 [1] - This ETF tracks the CSI Agricultural Index, which selects 50 stocks covering sectors such as breeding and agricultural chemicals, including leading companies like Muyuan and Haida [1] Group 4: Industry Insights - Guizhou Province's Commerce Department is soliciting opinions on transforming "selling liquor" into "selling lifestyle," encouraging innovation in product offerings and service methods in retail and dining sectors [2] - As of October 30, over 90% of the autumn grain harvest has been completed nationwide, with the Northeast region nearing completion and expected to achieve a good harvest [2] Group 5: White Liquor Market Analysis - Guosen Securities reports that the white liquor market is facing pressure on both volume and price due to tightening regulations on public consumption and business banquets [3] - The report indicates that the worst period for white liquor sales pressure has passed, with expectations for demand recovery in the future [3] - Guosen Securities suggests focusing on stable industry leaders and high-quality stocks with long-term growth potential due to ongoing structural upgrades and channel strategy optimization [3]

Core Viewpoint - Haida Group is planning to arrange a listing in Hong Kong, potentially as early as next year, with discussions ongoing regarding the scale and timing of the issuance [1] Company Overview - Haida Group was established in 1998 and was listed in Shenzhen in 2009, employing over 40,000 staff [1] - The company operates across the entire modern agricultural and animal husbandry industry chain, including animal nutrition, breeding, veterinary vaccines, smart farming, and food processing [1] Financial Performance - For the first three quarters of 2025, Haida Group reported a revenue of 96.094 billion yuan, representing a year-on-year increase of 13.24% [1] - The net profit attributable to shareholders was 4.142 billion yuan, up 14.31% year-on-year [1] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 4.177 billion yuan, reflecting an 18.71% year-on-year growth [1] - The basic earnings per share stood at 2.49 yuan [1] Upcoming Developments - In October, Haida Group announced plans to spin off its controlling subsidiary, Haida Holdings, for a listing on the main board of the Hong Kong Stock Exchange [1]

Group 1 - The core point of the article is that Haida Group has selected banks to arrange for its Hong Kong listing, potentially as early as next year, with ongoing discussions regarding the details of the issuance scale and timing [1] - Haida Group was listed in Shenzhen in 2009 and was established in 1998, employing over 40,000 staff and covering a full industry chain in modern agriculture and animal husbandry, including animal nutrition, breeding, vaccines, smart farming, and food processing [1] - The company reported a revenue of 96.094 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 13.24%, with a net profit attributable to shareholders of 4.142 billion yuan, up 14.31% year-on-year [1] Group 2 - The net profit excluding non-recurring gains and losses for the same period was 4.177 billion yuan, reflecting an 18.71% year-on-year growth, with basic earnings per share at 2.49 yuan [1] - In October, Haida Group announced plans to spin off its controlling subsidiary, Haida Holdings, for a listing on the main board of the Hong Kong Stock Exchange [1]

Group 1 - Company Hai Da Group (002311.SZ) is arranging for a Hong Kong listing, with discussions involving China International Capital Corporation, GF Securities, and JPMorgan [1] - The company was listed in Shenzhen in 2009 and was established in 1998, employing over 40,000 staff and covering the entire modern agricultural and animal husbandry industry chain [1] - For the first three quarters of 2025, Hai Da Group reported revenue of 96.094 billion yuan, a year-on-year increase of 13.24%, and a net profit attributable to shareholders of 4.142 billion yuan, up 14.31% [1] Group 2 - The company plans to spin off its subsidiary, Hai Da Holdings, for a listing on the Hong Kong Stock Exchange [1] - The net profit excluding non-recurring gains and losses was reported at 4.177 billion yuan, reflecting an 18.71% year-on-year growth [1] - Basic earnings per share were reported at 2.49 yuan [1]

Group 1 - The Agricultural, Animal Husbandry, and Fishery ETF (159275) showed stable performance with a 0.2% increase in price and a trading volume of 6.91 million yuan, bringing the fund's total size to 203 million yuan as of November 5 [1] - Among the constituent stocks, Shennong Seed Industry had the highest increase at 6.4%, followed by Luoniushan at 5.24%, and Zhongxing Junye at 3.46%. Conversely, Tianma Technology experienced the largest decline at 1.79%, with Meihua Biological and Tianma Technology also showing declines of 1.92% and 1.57% respectively [1] - The Ministry of Agriculture and Rural Affairs will implement six types of agricultural electronic certificates nationwide starting November 1, 2025, including feed import registration certificates and agricultural transgenic biological safety certificates, transitioning to full electronic certification by 2026 [1] Group 2 - According to Tianfeng Securities, the egg-laying chicken industry is expected to see a significant reduction in domestic breeding volume to 41,200 birds by 2025, indicating a shift from surplus to tight supply. The white chicken industry is also experiencing a contraction in production capacity due to three years of bottoming out and overseas breeding disruptions [2] - The pig farming sector is anticipated to undergo capacity reduction due to low prices and policy guidance, while dairy cow inventory has decreased by 8%, nearing the end of the reduction phase. Beef prices may see unexpected increases [2] - The planting sector is accelerating the commercialization of transgenic corn, enhancing the competitiveness of leading seed companies. The aquaculture feed sector is recovering from a downturn, with leading companies increasing their market share [2] Group 3 - The Agricultural, Animal Husbandry, and Fishery ETF (159275) and its linked funds (Link A: 013471, Link C: 013472) passively track the Agricultural, Animal Husbandry, and Fishery Index, with the top ten weighted stocks including Muyuan Foods, Wens Foodstuff Group, Haida Group, Meihua Biological, New Hope Liuhe, Dabeinong, Bio-Stock, Shennong Development, Beidahuang, and Longping High-Tech [3]