Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report indicates that the pig price is expected to gradually rise due to government storage initiatives, with the average pig price as of August 22, 2025, being 13.73 yuan/kg, showing a week-on-week increase of 0.04 yuan/kg but a year-on-year decrease of 6.51% [3][13] - The pet food export market is experiencing high growth, with July 2025 exports amounting to 130 million USD, a month-on-month increase of 13.35% [4][25] - The report highlights a positive outlook for the pig farming sector, driven by both fundamental and policy factors, with recommendations for specific companies in the sector [5][26] Weekly Observations - The report notes that the storage of frozen pork by the government is set to begin on August 25, 2025, with a total of 10,000 tons to be stored [38] - The average pig-to-grain price ratio has fallen below 6:1, prompting government intervention to stabilize the market [13][41] - The agricultural index outperformed the market by 0.23 percentage points during the week of August 18-22, 2025, with a 3.72% increase [30][33] Price Tracking - As of August 22, 2025, the average price of live pigs was 13.73 yuan/kg, with a slight decrease of 0.03 yuan/kg from the previous week [43][44] - The average price of piglets was 27.78 yuan/kg, down 1.09 yuan/kg week-on-week [43][44] - The report also tracks the prices of other agricultural products, noting fluctuations in beef, chicken, and feed prices [42][54] Recommendations - The report recommends several companies for investment, including Muyuan Foods, Wens Foodstuff Group, and others in the pig farming sector, as well as companies in the feed sector like Haida Group and New Hope [5][26][28] - In the pet food sector, companies such as Guibao Pet and Petty are highlighted as strong investment opportunities due to the rising domestic market [5][29]

Group 1 - The animal vaccine sector experienced a decline of 0.72% as of the market close on August 22, ranking among the top declines in concept sectors [1] - Within the animal vaccine sector, companies such as Shenlian Biological, Weilan Biological, and Xianfeng Holdings saw significant declines, while Kexing Pharmaceutical, Haizheng Pharmaceutical, and Guoyao Modern recorded increases of 2.06%, 0.44%, and 0.09% respectively [1] - The overall market saw a net outflow of 0.68 billion yuan from the animal vaccine sector, with 11 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 10 million yuan [2] Group 2 - The top net outflow in the animal vaccine sector was from Kanghua Biological, with a net outflow of 30.50 million yuan, followed by Shenlian Biological, Dabeinong, and Jinhai Biological with outflows of 27.38 million yuan, 24.27 million yuan, and 23.53 million yuan respectively [2] - Conversely, the stocks with the highest net inflows included Haizheng Pharmaceutical, Kexing Pharmaceutical, and Luoniushan, with net inflows of 27.34 million yuan, 16.70 million yuan, and 10.38 million yuan respectively [3] - The trading activity in the animal vaccine sector showed that Kanghua Biological had a turnover rate of 3.52% and a decline of 1.70%, while Kexing Pharmaceutical had a turnover rate of 3.12% and an increase of 2.06% [3]

Group 1 - The dairy sector experienced a decline of 0.63% as of the market close on August 22, ranking among the top losers in concept sectors [1] - Within the dairy sector, stocks such as Keta Bio, Miaokelando, and Junyao Health saw significant declines, while stocks like *ST Tianshan, New Dairy, and Yiyaton recorded gains of 0.92%, 0.56%, and 0.42% respectively [1] - The dairy sector faced a net outflow of 322 million yuan from major funds today, with 26 stocks experiencing outflows, and 12 stocks seeing outflows exceeding 10 million yuan [2] Group 2 - The stock with the highest net outflow was Beiyinmei, with a net outflow of 70.30 million yuan, followed by Yili, Miaokelando, and Dabeinong with net outflows of 65.83 million yuan, 29.78 million yuan, and 24.27 million yuan respectively [2] - Conversely, stocks such as New Dairy, Bright Dairy, and Sanyuan saw net inflows of 737,890 yuan, 658,650 yuan, and 574,670 yuan respectively [2] - The dairy sector's outflow list included Beiyinmei, Yili, and Miaokelando, with respective declines of 0.95%, 0.18%, and 2.62% [3]

Group 1 - The central government will soon initiate the reserve collection of frozen pork to stabilize the pork market due to increased supply and a slight decline in prices [1] - The average pig-to-grain price ratio has dropped below 6:1, indicating a need for intervention to maintain market stability [1] - The China Livestock Breeding Index (930707) has shown a slight increase of 0.14%, with key stocks like Shennong Group and Haida Group experiencing gains [1] Group 2 - In the second half of 2025, supply pressure is expected to be significant, with policies aimed at high-quality development and capacity control to stabilize prices [2] - The top ten weighted stocks in the China Livestock Breeding Index account for 64.83% of the index, indicating concentrated market performance [2] - The livestock ETF closely tracks the China Livestock Breeding Index, reflecting the overall performance of listed companies in the livestock sector [2]

Market Overview - The Shanghai Composite Index closed at 3771.10 points, above the annual line, with a change of 0.13% [1] - The total trading volume of A-shares reached 24603.35 billion yuan [1] Stocks Breaking Annual Line - A total of 28 A-shares have surpassed the annual line today, with notable stocks including: - Meihua Medical (301363) with a deviation rate of 14.81% and a daily increase of 18.00% [1] - Meirui New Materials (300848) with a deviation rate of 4.67% and a daily increase of 5.49% [1] - Kangle Health (833575) with a deviation rate of 4.29% and a daily increase of 4.40% [1] Stocks with Smaller Deviation Rates - Stocks that have just crossed the annual line with smaller deviation rates include: - Guotou Power (600886) with a deviation rate of 0.01% and a daily increase of 1.30% [2] - Shanghai Pharmaceuticals (601607) with a deviation rate of 0.08% and a daily increase of 0.95% [2] - *ST Jinglun (600355) with a deviation rate of 0.20% and a daily increase of 0.86% [2]

序号代码名称最新价涨跌幅主力净流入主力净占比1002100天康生物6.61.072467.41万元9.41%2600975新 五丰6.470.621664.68万元5.92%3603717天域生物8.552.271509.48万元9.71%4002840华统股份 10.750.191368.62万元10.32%5002311海大集团60.220.871161.37万元3.17%6000735罗 牛 山6.440.94684.38 万元3.36%7002157正邦科技2.91.05649.50万元1.74%8300761立华股份19.711.86572.66万元1.67%9002385 大北农4.220.72526.59万元0.92%10603609禾丰股份8.940.68479.32万元6.42% 来源：金融界 8月21日，猪肉概念上涨0.75%，今日主力资金流出1.97亿元，概念股28只上涨，6只下跌。 主力资金净流出居前的分别为牧原股份（1.99亿元）、顺鑫农业（2979.91万元）、新希望（1936.05万 元）、得利斯（1393.17万元）、京基智农（974.31万元）。 ...

Market Overview - The Shanghai Composite Index is at 3781.13 points, above the annual line, with a change of 0.40% [1] - The total trading volume of A-shares is 1,193.158 billion yuan [1] Stocks Breaking Annual Line - A total of 31 A-shares have surpassed the annual line today, with notable stocks including Meihua Medical, *ST Aowei, and Pianzaihuang, showing divergence rates of 14.13%, 2.94%, and 2.77% respectively [1] - Stocks with smaller divergence rates that have just crossed the annual line include China Wuyi, Huilun Crystal, and Zhuoshengwei [1] Top Stocks by Divergence Rate - Meihua Medical (301363) has a significant increase of 17.30% with a turnover rate of 23.04% and a divergence rate of 14.13% [1] - *ST Aowei (002231) increased by 3.12% with a turnover rate of 7.79% and a divergence rate of 2.94% [1] - Pianzaihuang (600436) rose by 3.70% with a turnover rate of 1.03% and a divergence rate of 2.77% [1] Additional Notable Stocks - Tongrentang (600085) increased by 1.93% with a divergence rate of 1.77% [1] - Maire Medical (300760) rose by 3.40% with a divergence rate of 1.53% [1] - Other stocks with minor divergence rates include Aima Technology (603529) and China Railway Construction (601186) with divergence rates of 1.06% and 0.96% respectively [1]

Market Overview - The feed sector increased by 0.56% on August 20, with Lude Environment leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Individual Stock Performance - Lude Environment (688156) closed at 24.17, up 7.04% with a trading volume of 50,900 shares and a turnover of 118 million yuan [1] - Zhongchong Co., Ltd. (002891) closed at 62.75, up 3.89% with a trading volume of 137,000 shares and a turnover of 844 million yuan [1] - Other notable performers include Boen Group (001366) up 1.75%, Bangji Technology (603151) up 1.51%, and Guai Bao Pet (301498) up 1.34% [1] Capital Flow Analysis - The feed sector saw a net inflow of 13.84 million yuan from institutional investors, while retail investors experienced a net outflow of 29.77 million yuan [2] - The main capital inflow was observed in Zhongchong Co., Ltd. with a net inflow of 69.92 million yuan, while Lude Environment had a net inflow of 10.56 million yuan [3] Summary of Capital Flows - Zhongchong Co., Ltd. (002891) had a significant net inflow from institutional investors at 69.92 million yuan, while retail investors showed a net outflow of 61.77 million yuan [3] - Lude Environment (688156) experienced a net inflow of 10.56 million yuan from institutional investors, with retail investors also showing a net outflow [3] - Other companies like Jin Xin Nong (002548) and Ao Nong Biological (603363) also had mixed capital flows, with varying levels of institutional and retail investor activity [3]

Group 1 - The company has involvement in poultry-related businesses, including feed and egg products [1] - The company invested in Xiaoming Co., Ltd. in 2016, as detailed in its related announcements [1]

证券代码：002385 证券简称：大北农 公告编号：2025-065 北京大北农科技集团股份有限公司 关于部分募集资金专户销户完成的公告 三、募集资金专户注销情况 北京大北农科技集团股份有限公司（以下简称"公司"）于近日完成了部分 募集资金专户的销户工作，现将相关情况公告如下： 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意北京大北农科技集团股份有 限公司向特定对象发行股票注册的批复》（证监许可(2023)1710 号），公司向特 定对象发行人民币普通股股票 211,480,362 股（每股面值 1 元），每股发行价人 民币 3.31 元，募集资金总额为 699,999,998.22 元，扣除总发行费用（含增值税金 额）人民币 7,394,480.36 元，募集资金净额为人民币 692,605,517,86 元。 上述募集资金已全部划至指定账户，并经信永中和会计师事务所（特殊普通 合伙）审验，于 2024 年 7 月 26 日出具 XYZH/2024CDAA4B0344 号验资报告。 公司已将上述募集资金全部存放于经公司董事会批准开设的募集资金专户内管 理，并与中德证券有限责任公司（以下简称 ...