一、担保情况概述 北京大北农科技集团股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开第六届董事会第二十九次会议、2025 年 5 月 15 日召开 2024 年年度股东大会，审议通过《关于公司及控股子公司担保额度预计的议案》，同意公司为合并报表范围内子 公司（含授权期限内新设立或纳入的子公司）提供担保、控股子公司为母公司担保、控股子公司之间互相担保额度总计不超过 160 亿元，具体额度可在上述额度范围内根据实际情况分配、调剂。公司同意授权公司总裁或由总裁参照其工作细则和公司管 理制度所指定的公司高级管理人员在上述总额度范围内调剂、组织实施并签署相关协议。上述额度可循环使用，即任一时点的 担保总额度不超过人民币 160 亿元。具体内容详见巨潮资讯网公告（公告编号：2025-033）。 公司于 2025 年 4 月 23 日召开第六届董事会第二十九次会议、2025 年 5 月 15 日召开 2024 年年度股东大会，审议通过《关 于授权公司及子公司为客户提供担保的议案》，同意授权公司及 61 家子公司为客户、合作养殖场（户）及担保方提供融资担保， 主要用于供应链金融贷款使用，担保额度合计不超 ...

证券代码：002385 证券简称：大北农 公告编号：2025-084 北京大北农科技集团股份有限公司 关于开展商品期货套期保值业务的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 一、商品期货套期保值业务情况概述 为充分利用期货市场的套期保值功能，锁定北京大北农科技集团股份有限公 司（以下简称"公司"）原材料成本和生猪销售价格，有效规避生产经营活动中 因上游原材料和库存产品价格波动带来的风险，保证产品成本的相对稳定，提高 公司抵御原材料价格波动的能力，进而实现公司高质量稳健发展，公司（含子公 司）开展商品期货套期保值业务。 公司于 2025 年 4 月 23 日召开第六届董事会第二十九次会议决议、2025 年 5 月 15 日召开 2024 年年度股东大会，审议通过了《关于继续开展商品期货套期保 值业务的议案》，同意公司自 2024 年年度股东大会通过之日起至 2025 年年度股 东大会召开之日止，即在该期间内可开展商品期货套期保值业务，所需保证金最 高占用额不超过 3 亿元（不含期货标的实物交割款项），有效期内可循环使用。 公司的套期保值业务只限 ...

Core Viewpoint - Beijing Dabeinong Technology Group is engaging in commodity futures hedging to lock in raw material costs and pig prices, thereby mitigating price volatility risks [1] Group 1: Business Strategy - The company has initiated a commodity futures hedging business to manage risks associated with raw material costs and pig prices [1] - A resolution was passed by the board and shareholders to limit the maximum margin usage to 300 million yuan until the annual shareholders' meeting in 2025 [1] Group 2: Financial Performance - From January 1 to September 30, 2025, the company has confirmed an investment income of approximately 61.034 million yuan, which accounts for 17.65% of the previous year's audited net profit attributable to the parent company [1] - The current volatility in agricultural product prices aligns the scale of the business with the company's situation, ensuring it does not affect daily operations [1]

Core Viewpoint - The pork market is experiencing a significant decline in prices, with both live pig and pork prices dropping sharply, leading to challenges for vendors and producers [2][3][4]. Price Trends - The price of white strip pork has fallen to 13.8-15.3 yuan/kg, while the national average price for live pigs is 12.50 yuan/kg, down 0.7% from the end of September and over 20% from the end of 2024 [2][5]. - The average price of live pigs from January to September 2023 was 15.1 yuan/kg, reflecting a year-on-year decrease of 10.9% [3]. - Pork wholesale prices have also dropped below 19 yuan/kg, reaching a new low of 18.85 yuan/kg on October 10 [6]. Market Dynamics - The current market is characterized by an oversupply, with live pig prices dropping below 13 yuan/kg and pork prices continuing to decline [5][6]. - The futures market for live pigs has seen a significant drop, with a cumulative decline of about 9% in September and over 8% in the first two trading days of October [6]. Producer Challenges - Producers are facing substantial losses, with self-breeding operations losing over 50 yuan per pig and those purchasing piglets facing losses of around 150 yuan [7]. - The decline in prices has led to a slowdown in the sales of pigs, with some producers delaying their selling plans due to anticipated further price drops [7][8]. Company Performance - Major companies like Muyuan Foods reported a significant drop in sales prices and revenues, with September sales averaging 12.88 yuan/kg, down 30.94% year-on-year [3][8]. - New Hope and Wens Foodstuff Group also reported declines in sales revenue and average prices, indicating a broader trend across the industry [8]. Future Outlook - The industry is expected to maintain a state of oversupply in the fourth quarter, limiting the potential for price recovery [9]. - Government policies aimed at regulating production and stabilizing prices are being implemented, including the storage of frozen pork and adjustments to breeding practices [9].

Core Viewpoint - The sales reports of A-share listed pig companies for September 2025 indicate a mixed trend in sales volume and revenue, while the average selling price has continued to decline both month-on-month and year-on-year [1][4]. Sales Performance - Tianbang Food reported sales of 612,700 pigs in September 2025, with a revenue of 634 million yuan and an average price of 13.69 yuan/kg, showing month-on-month changes of 15.68% in sales volume, 2.14% in revenue, and a decrease of 8.88% in average price [2]. - Dabeinong's sales for September 2025 were 373,700 pigs, generating a revenue of 541 million yuan, with a 6.10% increase in sales volume month-on-month and a 33.08% increase year-on-year, while revenue decreased by 6.24% year-on-year [2]. - Muyuan Foods sold 5.573 million pigs in September 2025, with a revenue of 9.066 billion yuan and an average price of 12.88 yuan/kg, reflecting a year-on-year decrease of 30.94% in average price and 22.46% in revenue [3]. - Wens Foodstuffs reported sales of 3.3253 million pigs, with a revenue of 4.975 billion yuan and an average price of 13.18 yuan/kg, showing a year-on-year decrease of 15.16% in revenue [3]. - New Hope sold 1.3942 million pigs, generating a revenue of 1.746 billion yuan, with a year-on-year decrease of 31.47% in average price [3]. Price Trends - Since October 2025, pig prices have continued to decline, with the market price dropping to 12.50 yuan/kg by October 10, 2025, down from 12.59 yuan/kg at the end of September [5]. - The wholesale price of pork has also decreased, reaching 18.85 yuan/kg on October 10, 2025, compared to 19.40 yuan/kg at the end of September [5]. Futures Market - Domestic pig futures have seen a significant decline, with a cumulative drop of approximately 9% in September 2025 and over 8% in the first two trading days of October [6]. Future Outlook - The pig farming industry is entering a pressure period, with expectations of continued price pressure in the coming months due to supply-demand dynamics [7]. - The market is anticipated to remain in a state of oversupply, with prices likely to continue fluctuating at low levels [7].

Group 1 - The core viewpoint of the article highlights the sales performance of the company's hog sales in September 2025, indicating a significant year-on-year growth in sales volume and a slight increase in sales revenue compared to the previous month [2][4]. Group 2 - In September 2025, the company sold 373,700 hogs, generating sales revenue of 541 million yuan, with a month-on-month sales volume increase of 6.10% and a year-on-year increase of 33.08% [2]. - The average weight of the hogs sold was 128.86 kg, with an average selling price of 12.91 yuan per kg [2]. - From January to September 2025, the cumulative sales volume reached 3.1608 million hogs, representing a year-on-year growth of 25.93%, while the cumulative sales revenue was 4.898 billion yuan, up 13.96% year-on-year [2].

Core Viewpoint - The sales reports of A-share listed pig companies for September 2025 indicate a mixed trend in sales volume and revenue, with a general decline in sales prices both month-on-month and year-on-year [1][4]. Sales Performance Summary - Tianbang Food reported sales of 612,700 pigs in September 2025, generating revenue of 634 million yuan, with an average selling price of 13.69 yuan/kg, showing month-on-month changes of 15.68% in volume, 2.14% in revenue, and a decline of 8.88% in price [2]. - Dabeinong's sales for September 2025 reached 373,700 pigs, with revenue of 541 million yuan. The sales volume increased by 6.10% month-on-month and 33.08% year-on-year, while revenue saw a month-on-month increase of 3.64% but a year-on-year decrease of 6.24% [2]. - Muyuan Foods sold 5.573 million pigs in September 2025, with a year-on-year increase of 11.05%. The average selling price was 12.88 yuan/kg, down 30.94% year-on-year, and total revenue was 9.066 billion yuan, down 22.46% year-on-year [3]. - Wens Foodstuffs sold 3.3253 million pigs, generating revenue of 4.975 billion yuan, with an average price of 13.18 yuan/kg. The sales volume and revenue showed mixed trends compared to previous months [3]. - New Hope reported sales of 1.3942 million pigs, with revenue of 1.746 billion yuan and an average price of 12.89 yuan/kg, reflecting a decline in price year-on-year [3]. Price Trends - Since October 2025, pig prices have continued to decline, with the market price dropping to 12.50 yuan/kg by October 10, down from 12.59 yuan/kg at the end of September [5]. - The wholesale price of pork has also decreased, reaching 18.85 yuan/kg on October 10, down from 19.40 yuan/kg at the end of September [5]. - Futures prices for live pigs have seen a significant drop, with a cumulative decline of approximately 9% in September and over 8% in the first two trading days of October [6]. Future Price Outlook - Long-term forecasts suggest that the pig farming industry is entering a pressure period, with potential for continued price declines. However, government policies aimed at stabilizing prices may mitigate the duration and extent of this pressure [7]. - Mid-term expectations indicate that pig prices may remain under pressure due to supply-demand dynamics, despite some consumption recovery. The market is likely to experience a "supply-demand increase" scenario, maintaining a loose supply condition [7].

Core Viewpoint - The sales reports of A-share listed pig companies for September 2025 indicate a downward trend in sales prices, with varying changes in sales volume and revenue among different companies [2][7]. Group 1: Sales Performance of Major Companies - Tianbang Food reported sales of 612,700 pigs in September 2025, with a revenue of 634 million yuan and an average selling price of 13.69 yuan/kg, showing a month-on-month decrease in average price by 8.88% [4]. - Dabeinong's sales for September 2025 were 373,700 pigs, generating a revenue of 541 million yuan, with a sales price of 12.91 yuan/kg, reflecting a year-on-year increase in sales volume by 33.08% but a revenue decrease of 6.24% [4]. - Muyuan Foods sold 5.573 million pigs in September 2025, with a revenue of 9.066 billion yuan and an average price of 12.88 yuan/kg, showing a significant year-on-year price drop of 30.94% [5]. - Wens Foodstuffs sold 3.3253 million pigs, generating 4.975 billion yuan in revenue, with an average price of 13.18 yuan/kg, indicating a year-on-year revenue decline of 30.81% [5]. - New Hope sold 1.3942 million pigs, with a revenue of 1.746 billion yuan and an average price of 12.89 yuan/kg, showing a year-on-year price drop of 31.47% [6]. Group 2: Market Price Trends - Since October, pig prices have continued to decline, with the market price dropping to 12.50 yuan/kg by October 10, 2025, down from 12.59 yuan/kg at the end of September [9]. - The wholesale price of pork has also decreased, reaching 18.85 yuan/kg by October 10, 2025, compared to 19.40 yuan/kg at the end of September [9]. - Futures prices for live pigs have seen a significant drop, with a cumulative decline of about 9% in September and over 8% in the first two trading days of October [10]. Group 3: Future Price Outlook - Long-term forecasts suggest that the pig farming industry is entering a pressure period, with potential for continued price declines, although government policies may mitigate the duration and extent of this pressure [12]. - Mid-term expectations indicate that pig prices may remain under pressure for the next three months due to supply and demand dynamics, with larger scale farming operations dominating the market [12]. - Current market conditions suggest a loose supply-demand balance, with expectations that pig prices will continue to face downward pressure in October [13].

Group 1 - Jieqiang Equipment has completed the acquisition of 51% stake in Shandong Carbon Seeking, which will now be included in the company's consolidated financial statements [1] - Tonghua Dongbao's insulin injection product has received marketing approval in Myanmar for diabetes treatment [1] - New Light Optoelectronics' actual controller plans to increase shareholding by 5 to 10 million yuan within six months [2] Group 2 - Far East Holdings received contracts worth 1.769 billion yuan in September [3] - Poly Developments reported a 1.84% decrease in signed sales amount in September, totaling 20.531 billion yuan [4] - ST Nuotai expects a net profit increase of 5.62% to 13.74% for Q3 2025 [7] Group 3 - Chongqing Port's controlling shareholder plans to merge with another entity, changing the controlling shareholder to Chongqing Logistics Group [9] - New Energy Company reported a 28.21% increase in cumulative power generation from January to September [11] - Dashiang Co. announced the resignation of its chairman due to personal reasons [12] Group 4 - Liao Port Co. announced the resignation of a non-executive director due to work changes [13] - Zhongzai Resources received a government subsidy of 5.33 million yuan, accounting for 23.72% of its audited net profit for 2024 [14] - Xiaoming Co. reported a sales revenue of 66.15 million yuan from chicken products in September [15] Group 5 - Tianyi Co. signed a framework contract worth 23.50 million yuan for e-business network terminal production [16] - Jingu Co. signed a strategic cooperation agreement with Ninebot Technology for lightweight materials [18] - Tianbang Foods reported a sales revenue of 634 million yuan from commodity pigs in September [20] Group 6 - Shaanxi Energy's subsidiary received an administrative penalty for safety violations, resulting in a fine of 940,000 yuan [22] - North Bay Port reported a 9% increase in cargo throughput in September [23] - Tangrenshen reported a sales revenue of 639 million yuan from pig sales in September [24] Group 7 - Dabeinong reported a sales revenue of 541 million yuan from pig sales in September [25] - Jiukang Bio obtained four medical device registration certificates [26] - Canan Co. invested 90 million yuan in structured deposits with a bank [27] Group 8 - Zhuhai Port reported a 5.44% decrease in cargo throughput in Q3 [28] - Jinli Yongmag expects a net profit increase of 157% to 179% for the first three quarters [29] - Huamao Logistics' controlling shareholder plans to increase shareholding by 64.5 to 129 million yuan [30] Group 9 - Dongjie Intelligent signed a 50 million yuan contract for intelligent warehousing in the steel industry [31] - Sais Technology signed a cooperation framework agreement with Volcano Engine for intelligent robotics [32] - Huadong Pharmaceutical's subsidiary received approval for clinical trials of a new drug targeting advanced solid tumors [34] Group 10 - TCL Technology completed the acquisition of 80% and 100% stakes in LG Display's subsidiaries for 11.088 billion yuan [34] - Shuangliang Energy won a 419 million yuan EPC project for cooling systems [36] - Ruina Intelligent announced plans for shareholders to reduce their stakes by up to 1.18% [38] Group 11 - Baodi Mining announced plans for shareholders to reduce their stakes by up to 5.45% [40] - Xinyi Technology's shareholders set the transfer price for shares at 328 yuan each [42] - Sunshine Power submitted an application for H-share listing on the Hong Kong Stock Exchange [44] Group 12 - Qisheng Technology's controlling shareholder plans to reduce their stake by up to 3.09% [46] - Wu Ming Kangde sold 30.3 million shares of Wu Ming He Lian through block trading [48] - Qiaoyin Co. announced plans for shareholders to reduce their stakes by up to 6% [49] Group 13 - Muyuan Foods reported a sales revenue of 9.066 billion yuan from commodity pigs in September [51] - Huawang Technology's shareholders plan to reduce their stakes by up to 1.1% [53] - Huaxin Xinchuang received a project notification from Lantu Automotive for display components [54] Group 14 - China Merchants Shekou reported a signed sales amount of 16.698 billion yuan in September [55] - Shao Neng Co. received approval for an antitrust review regarding a share acquisition [57] - Pengding Holdings reported a 6.21% increase in consolidated revenue in September [58] Group 15 - Ganfeng Lithium is advancing its solid-state battery commercialization and strategic investment in the energy storage sector [59]

从资金流向上来看，当日饲料板块主力资金净流入2.1亿元，游资资金净流出9204.2万元，散户资金净流 出1.18亿元。饲料板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603363 傲农生物 | | 1.25亿 | 21.95% | -4285.39万 | -7.55% | -8179.88万 | -14.41% | | 002891 中宠股份 | | 1.00亿 | 16.21% | -5697.18万 | -9.22% | -4324.54万 | -7.00% | | 002100 天康生物 | | 6868.94万 | 11.89% | 734.41万 | 1.27% | -7603.35万 | -13.16% | | 002385 | 大北农 | 677.98万 | 2.02% | -499.73万 | -1.49% | -178.25万 | -0.53% | | 301498 乖 ...