本报讯(记者李乔宇)近期，北京大北农（002385）科技集团股份有限公司(以下简称"大北农")披露2025 年第三季度报告。公告显示，今年前三季度，大北农实现营业收入207.44亿元，同比增长2.99%；实现 归属于上市公司股东的净利润2.57亿元，同比增长92.56%。 自成立以来，大北农就将"实现高水平科技自立自强"刻进了企业基因。2019年，大北农的玉米、大豆新 品种相继获得国内生物安全证书，并成功取得南美地区的种植许可。到现在，大北农专注于生物技术、 玉米、水稻、大豆、经作种业、创种基因等六大板块，构建起涵盖50家公司的业务体系。它不仅承担国 家大豆、玉米、水稻等主粮的育种攻关任务，旗下三家企业还入选了国家种业阵型。 技术研发出来后，关键在于如何转化和落地，打通从实验室到餐桌的"最后一公里"。 大北农的答案是全链条布局与品牌化运营，其标志性产物就是"大有谷"。通过提供更安全、更营养、更 美味的食品，"大有谷"将前沿的农业科技成果，最终转化为千家万户餐桌上的幸福体验。 农业农村部在10月24日的部党组扩大会议上提到：要着力提升农业综合生产能力和质量效益，大力发展 科技农业、绿色农业、质量农业、品牌农业， ...

历史正翻开新的一页，时代正迎来又一次深刻转折。 在这宏大叙事之中，有一家企业三十二年来始终将"强农报国"融入血脉，以深厚的技术积淀与前瞻的战略视野，成为先锋力量，它就是大北农集团。 时代之变：新质生产力引领新征程 中央财办副主任、中央农办主任韩文秀表示，"农业农村现代化关系中国式现代化全局和成色，是需要优先补上的最大短板。" 意味着农业领域的科技创 新与产业升级，被提升到了前所未有的战略高度。 大北农科研人员 企业实践：大北农的科技创新之路 要实现宏大的国家战略，离不开千万市场主体的具体实践。大北农的发展历程，正是一家中国企业将国家战略转化为企业行动，将科技力量注入产业实践 的生动写照。 自成立以来，大北农就把科技部所倡导的"实现高水平科技自立自强"，刻进了企业基因。这份远见，既源于对农业规律的深刻理解，也来自"强农报国"的 初心坚守。 持续的耕耘，终迎收获。 2019年成为关键节点——大北农的玉米、大豆新品种相继获得国内生物安全证书，并成功取得南美地区的种植许可。这意味着，中国人自主培育的"种子 芯片"不仅能够服务本土，更开始登上国际舞台。 到现在，大北农专注于生物技术、玉米、水稻、大豆、经作种业、创种基因 ...

刚刚闭幕的二十届四中全会，擘画了"十五五"时期的宏伟蓝图。值得注意的是，会议提出要"加快农业 农村现代化""加快建设农业强国"。大北农（002385）三十二年来始终将"强农报国"融入血脉，将以深 厚的技术积淀与前瞻的战略视野，启航"十五五"，书写农业科技新答卷。 在"十五五"的全局性战略布局中，农业的地位非同一般。它不仅是经济社会稳定的"压舱石"，也是发展 新质生产力的重要阵地。要实现宏大的国家战略，离不开千万市场主体的具体实践。大北农的发展历 程，正是一家中国企业将国家战略转化为企业行动，将科技力量注入产业实践的生动写照。 企业实践：大北农的科技创新之路 自成立以来，大北农就将科技部所倡导的"实现高水平科技自立自强"，刻进了企业基因。这份远见，既 源于对农业规律的深刻理解，也来自"强农报国"的初心坚守。 近年来，大北农的玉米、大豆新品种相继获得国内生物安全证书，并成功取得南美地区的种植许可。这 意味着，中国人自主培育的"种子芯片"不仅能够服务本土，更开始登上国际舞台。 到现在，大北农专注于生物技术、玉米、水稻、大豆、经作种业、创种基因等六大板块，构建起涵盖50 家公司的业务体系。它不仅承担国家大豆、玉米、水 ...

Core Insights - The report indicates that the swine industry is entering a de-stocking cycle, while the beef cattle sector continues to experience an upward trend in demand and pricing [2][3] Group 1: Swine Industry - The swine sector is witnessing accelerated de-stocking driven by policy and market dynamics, presenting a good opportunity for investment [3][43] - As of Q3 2025, China's pig output reached 530 million heads, a year-on-year increase of 1.8%, with pork production at 43.68 million tons, up 3.0% year-on-year [10][13] - The average price of pigs in October 2025 dropped to 10.84 yuan/kg, a significant decline of 40.28% year-on-year, marking a new low for the year [10][13] Group 2: Beef Cattle Industry - The beef cattle supply is contracting, with the cycle of demand expected to continue its upward trajectory until 2027 [4][49] - In Q3 2025, the number of beef cattle in China was 99.32 million heads, a decrease of 2.4% year-on-year, while beef production reached 5.5 million tons, up 3.3% year-on-year [49][51] - The average price of beef in September 2025 was 70.52 yuan/kg, reflecting a year-on-year increase of 5.36% [59] Group 3: Poultry Industry - The white chicken sector is experiencing a gradual increase in demand, with the output of white feathered chickens expected to rise to 90.3 million heads in 2024, a year-on-year increase of 2.2% [94][98] - The rolling update of grandparent stock for white feathered chickens is projected to decline, which will support an increase in chicken prices in 2026 [100] Group 4: Seed Industry - Grain prices are expected to stabilize and rise due to various factors, including U.S.-China tariff disturbances and climate impacts [6] - The commercialization of genetically modified crops is anticipated to accelerate, supported by an increase in the number of approved varieties [6] Group 5: Pet Industry - The pet food export volume in China increased by 7.55% year-on-year from January to September 2025, indicating strong performance from leading companies [7] - Domestic pet consumption is expected to grow due to increasing companionship demand and emotional value associated with pet ownership [7]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 920419 | 路斯股份 | 17.56 | -2.71% | 1.72万 | 3035.79万 | | 002311 | 海大集团 | 56.69 | -2.56% | 10.64万 | 6.04亿 | | 603668 | 天马科技 | 13.78 | -1.99% | 18.78万 | 2.61亿 | | 603363 | 傲农生物 | 5.06 | -1.94% | 60.98万 | 3.08亿 | | 000702 | 正虹科技 | 7.23 | -1.63% | 7.34万 | 5324.48万 | | 002100 | 天康生物 | 7.81 | -1.01% | 21.41万 | 1.68亿 | | 002548 | 金新农 | 4.76 | -0.83% | 20.34万 | 9688.79万 | | 002567 | 唐人神 | 4.82 | -0.82% | 19.96万 | 9639.83万 | | 300673 | 佩蒂 ...

Group 1 - The China Livestock Breeding Index (930707) shows mixed performance among its constituent stocks, with Zhongmu Co., Ltd. leading the gains at 4.31% [1] - The average price of pork in China's wholesale markets increased by 1.3% to 17.96 yuan per kilogram as of October 27 [1] - Galaxy Securities indicates that losses in October may accelerate the reduction of pig farming capacity, highlighting opportunities in the pig farming industry based on the value of breeding sows and farming efficiency [1] Group 2 - As of September 30, 2025, the top ten weighted stocks in the China Livestock Breeding Index account for 66.06% of the index, including Muyuan Foods, Wens Foodstuff Group, and others [2]

10月26日，第32届中国杨凌农高会推介大会暨集中签约活动在杨凌举办。 活动现场，西北农林科技大学副校长张宏鸣发布了《2025中国农业产业投资报告》。报告指出，在 政策与科技的双轮驱动下，资本加速涌入智慧农业、生物育种等新兴赛道。国家农业科技创新投资联合 体秘书长黄德钧作了《2025中国农业科技创新投资报告》，他指出，农业科技创投正聚焦农业生物科 技、智慧农业、创新食品与营养、绿色低碳等赛道，为产业升级提供金融支撑。 杨凌示范区产业投资促进局局长李魁向与会嘉宾重点介绍了杨凌示范区投资环境，并围绕种业、农 产品精深加工、生物医药和大健康、智慧农业和智能装备制造、农业科技服务5个领域，向全球伙伴发 出合作邀请。 北京大北农科技集团、陕西农发集团、美国AgroFresh公司亚太区、深圳中农秸美科技股份有限公 司等农业企业代表现场分享了前沿技术、全新模式和实践案例。（记者：孙丹） 本次活动以"科技赋能农业新质生产力"为主题，吸引来自世界各地的政府代表、企业代表、商协会 代表、科研专家等近400人参会。活动现场展示了农业科技的最新成果，共上台签约项目61个，总投资 162.3亿元，还有61个项目将在会后签约，总金额87 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301498 | 乖宝宠物 | 70.48 | -2.04% | 6.40万 | 4.56亿 | | 300673 | 佩蒂股份 | 17.09 | -1.89% | 8.41万 | 1.46 Z | | 688156 | 路德环境 | 19.36 | -0.05% | ● 1.75万 | 3403.08万 | | 002696 | 百洋股份 | 6.68 | 0.15% | 24.25万 | 1.62亿 | | 002891 | 中宠股份 | 54.46 | 0.18% | 6.53万 | 3.53亿 | | 001366 | 播恩集团 | 13.09 | 0.46% | 2.24万 | 2923.52万 | | 002385 | 大北农 | 4.14 | 0.49% | 87.84万 | 3.63亿 | | 002567 | 唐人神 | 4.86 | 0.83% | 35.21万 | 1.71亿 | | 920419 | 路斯股份 | 18.0 ...

Group 1 - The Agricultural, Animal Husbandry, and Fishery ETF (159275) showed stable performance with a 1.0% increase in intraday price and a transaction volume of 5.0954 million yuan, bringing the fund's latest scale to 209 million yuan [1] - Among the constituent stocks, Zhongxing Junye reached the daily limit, while Xiaoming Co. and Shengnong Development saw significant gains of 4.34% and 3.99% respectively. Conversely, Chenguang Biotech experienced a notable decline of 3.19%, with Honghui Fruits and Vegetables and Shennong Seed Industry also showing weaker performance with drops of 1.04% and 0.88% respectively [1] - The Ministry of Agriculture and Rural Affairs held a meeting on October 21 to discuss increasing grain and oil crop yields, emphasizing the promotion of technology integration and high-performance agricultural machinery, particularly supporting the promotion of genetically modified technology to enhance grain yields, which may benefit related seed and planting companies [1] - The core breeding source rate for lean pork in China has surpassed 90%, indicating progress in self-sufficiency in the livestock breeding industry, with leading companies like Muyuan Foods continuing to drive innovation in breeding [1] - According to Citic Securities, the supply in the pig farming industry continues to increase, with rising demand for fat pigs driving up prices, although farming remains unprofitable, potentially accelerating capacity reduction [1] - In the poultry farming sector, frequent outbreaks of avian influenza overseas create uncertainty in the introduction of grandparent stock chickens, which is favorable for the white feather chicken industry chain prices [1] - The seed industry is focusing on the progress of biological breeding expansion, the promotion of genetically modified corn, and industry mergers and acquisitions [1] - The demand in the animal health industry is expected to bottom out, with new product launches providing growth momentum. The domestic pet market continues to grow rapidly, while exports are only slightly affected by tariff disruptions [1] Group 2 - 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, New Hope, Meihua Biological, Dabeinong, Shengnong Development, Biological Co., Beidahuang, and Longping High-Tech [2]

投资者关系活动记录表 编号： 2025-004 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系 | 媒体采访 业绩说明会 | | 活动类别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | | 中信证券、中金公司、湖南五辰资产管理有限公司等 家机构 位投资者 27 37 | | 参 与 单 位 名 称 | 及分析师，名单详见附件清单。 | | 及人员姓名 | 重要提示：参会人员名单由组织机构提供并经整理后展示。公司无法保证参 | | | 会人员及其单位名称的完整性、准确性，请投资者注意。 | | 时间 | 2025 年 10 月 24 日(周五)20:00-21:00 | | 方式 | 电话会议 | | | 副董事长：张立忠先生 董事：邵丽君女士 | | 上 市 公 司 接 待 | 财务总监：姜晗女士 | | 人员姓名 | 董事会秘书、副总裁：尹伟先生 | | | 创种科技副总裁：李军民女士 | | | 一、2025 年前三季度整体情况 | | --- | --- | | | 2025 年前三季度，公司整体营业收入为 207.44 亿元，同比增长 ...