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]

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Viewpoints - The rhythm of pig sales led to July pig prices rising less than expected, but the outlook for future prices remains optimistic. In July 2025, the national average selling price of live pigs was 14.55 yuan/kg, up 1.89% month-on-month but down 23.21% year-on-year. The slaughter volume in July was 4.1583 million heads, down 3.67% month-on-month but up 1.80% year-on-year. The completion rate of pig sales in July was 97.11% of the planned output, with an increase of 6.60% in planned output for August compared to July [6][15][22]. Summary by Sections Industry Overview - The increase in pig prices in July was less than expected due to the accelerated growth rate of pigs in May and June, leading to earlier sales in July. The price peaked at 15.46 yuan/kg on July 3 and fell to 14.09 yuan/kg by the end of July. The supply gap and supportive policies suggest a positive outlook for future prices [6][15][18]. Supply and Structure - As of August 7, 2025, the proportion of large pigs (over 150kg) in the sales structure decreased, while the proportion of breeding stock increased. The breeding stock increased by 0.52% month-on-month, and the average profit per head for self-breeding and self-raising in July was 101.66 yuan, a month-on-month increase of 304.30% [7][16][22]. Corporate Performance - In July 2025, 12 listed pig companies reported a total of 15.2799 million heads sold, a year-on-year increase of 24.82%. The average selling prices for major companies increased month-on-month, with prices for companies like Muyuan, Wens, and New Hope rising by 1.6% to 3.4% [8][28][33].

证券之星消息，8月14日饲料板块较上一交易日下跌0.34%，邦基科技领跌。当日上证指数报收于 3666.44，下跌0.46%。深证成指报收于11451.43，下跌0.87%。饲料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002891 | 中宠股份 | 59.00 | 3.02% | 10.20万 | | 5.98亿 | | 002311 | 海大集团 | 57.85 | 0.36% | 10.21万 | | · 5.94亿 | | 002567 | 唐人神 | 4.82 | -0.82% | 30.98万 | | 1.50亿 | | 603609 | 禾丰股份 | 8.91 | -0.89% | - 5.92万 | | 5314.29万 | | 002385 | 大北农 | 4.13 | -0.96% | 65.48万 | | 2.71亿 | | 002548 | 金新农 | 4.09 | -1.21% | 24.46万 | | 1.01亿 | | 3 ...

Market Overview - The feed sector experienced a decline of 0.48% on August 13, with Zhenghong Technology leading the drop [1] - The Shanghai Composite Index closed at 3683.46, up 0.48%, while the Shenzhen Component Index closed at 11551.36, up 1.76% [1] Individual Stock Performance - Key stocks in the feed sector showed varied performance, with Bangliang Technology closing at 24.90, up 2.94%, while Zhenghong Technology closed at 7.97, down 2.33% [1][2] - Other notable performers included Ziyang Co. at 6.62, up 0.76%, and Dabeinong at 4.17, down 0.24% [1][2] Trading Volume and Value - Bangliang Technology had a trading volume of 39,000 hands and a transaction value of 96.13 million yuan, while Zhenghong Technology had a trading volume of 274,300 hands and a transaction value of 219 million yuan [1][2] Capital Flow Analysis - The feed sector saw a net outflow of 235 million yuan from institutional investors, while retail investors contributed a net inflow of 173 million yuan [2] - The capital flow for individual stocks indicated that Muyang Co. had a net inflow of 8.60 million yuan from institutional investors, while Zhenghong Technology experienced a net outflow of 21.59 million yuan [3] Summary of Key Stocks - The top stocks by net inflow from retail investors included Tiankang Biological with a net inflow of 12.94 million yuan, while the largest outflow was seen in Zhenghong Technology with a net outflow of 12.65 million yuan [3]

证券代码：002548 证券简称：金新农 公告编号：2025-058 深圳市金新农科技股份有限公司 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市金新农科技股份有限公司（以下简称公司）于 2025 年 08 月 11 日以 电子邮件、微信等方式发出第六届监事会第十二次临时会议通知，并于 2025 年 会议。本次会议应出席监事 3 人，实际出席监事 3 人，监事会主席王立新先生和 监事蒋宗勇先生通讯出席，监事李文静女士现场出席，会议由监事会主席王立新 先生主持。根据《监事会议事规则》第七条之规定"情况紧急，需要尽快召开监 事会临时会议的，可以随时通过口头、电话或者微信等方式发出会议通知，但召 集人应当在会议上作出说明并进行会议记录"，本次会议的召集、召开和表决程 序符合《公司法》《公司章程》和《监事会议事规则》的有关规定，会议合法有 效。经与会监事认真审议，表决通过了如下决议： 一、会议以 3 票同意、0 票反对、0 票弃权的表决结果，审议通过《关于调 整 2025 年股票期权与限制性股票激励计划之限制性股票授予对象及授予数量的 议案》。 经审核，监事会 ...

深圳市金新农科技股份有限公司监事会 关于 2025 年股票期权与限制性股票激励计划调整及授予事项的 核查意见 深圳市金新农科技股份有限公司（以下简称公司）监事会依据《中华人民共 和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）、《上市公司股权激励管理办法》（以下简称《管理办法》）、《深圳证券交 易所上市公司自律监管指南第1号——业务办理》 （以下简称《业务办理》）和《深 圳市金新农科技股份有限公司章程》 （以下简称《公司章程》）等有关规定，对公 司2025年股票期权与限制性股票激励计划（以下简称本次激励计划）调整及授予 事项进行了核查，发表核查意见如下： 一、关于调整限制性股票授予对象及授予数量的核查意见 首次授予限制性股票的部分激励对象因个人原因自愿放弃获授的全部或部 分限制性股票320.00万股，公司将该等限制性股票调整至预留。本次调整事项符 合实际情况，已履行必要程序，符合《管理办法》 《业务办理》 （二）授予日激励对象名单包括公司董事、高级管理人员以及公司（含子公 司）其他核心技术、管理、业务人员，不包括公司独立董事、监事，也不包括单 独或合计持有公司5%以上股份的 ...

证券代码：002548 证券简称：金新农 公告编号：2025-059 深圳市金新农科技股份有限公司 （三）2025 年 07 月 15 日至 2025 年 07 月 24 日，公司内部公示本次激励计 划激励对象的姓名和职务。公示期满，公司董事会薪酬与考核委员会、监事会均 未收到对本次拟激励对象提出的异议。 （四）2025 年 07 月 26 日，公司披露《董事会薪酬与考核委员会关于 2025 年股票期权与限制性股票激励计划激励对象名单的公示情况说明及核查意见》 《监事会关于 2025 年股票期权与限制性股票激励计划激励对象名单的公示情况 说明及核查意见》《关于 2025 年股票期权与限制性股票激励计划激励对象及内 幕信息知情人买卖公司股票情况的自查报告》。 限制性股票授予对象及授予数量的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市金新农科技股份有限公司（以下简称公司）于 2025 年 08 月 12 日分 别召开第六届董事会第十五次临时会议和第六届监事会第十二次临时会议，审议 通过《关于调整 2025 年股票期权与限制性股票激励计划之限制性股票 ...

证券代码：002548 证券简称：金新农 公告编号：2025-061 深圳市金新农科技股份有限公司 关于 2025 年股票期权与限制性股票激励计划之向激励对象 首次授予限制性股票的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市金新农科技股份有限公司（以下简称公司）于 2025 年 08 月 12 日分 别召开第六届董事会第十五次临时会议和第六届监事会第十二次临时会议，审议 通过《关于 2025 年股票期权与限制性股票激励计划之向激励对象首次授予限制 性股票的议案》，认为公司 2025 年股票期权与限制性股票激励计划（以下简称 本次激励计划）之限制性股票激励计划的授予条件已成就，同意向激励对象首次 授予限制性股票，有关情况如下： 一、股权激励计划简述及已履行的程序 （一）股权激励计划简述 授予 209.00 万股，占公司总股本的 0.26%，占限制性股票授予总额的 7.37%。 激励对象完成限制性股票登记前，如公司发生资本公积转增股本、派发股票 红利、股票拆细、配股、缩股等事项的，限制性股票的授予数量将做出相应调整。 （含子公司）其他核心技术、管理 ...

证券代码：002548 证券简称：金新农 公告编号：2025-060 深圳市金新农科技股份有限公司 关于 2025 年股票期权与限制性股票激励计划之向激励对象 授予股票期权的公告 （一）股权激励计划简述 激励对象完成股票期权行权前，如公司发生资本公积转增股本、派发股票红 利、股票拆细、配股、缩股等事项的，股票期权的授予数量将做出相应调整。 子公司）其他核心技术、管理、业务人员 26 人，不包括公司独立董事、监事、 单独或合计持有公司 5%以上股份的股东或实际控制人及其配偶、父母、子女。 部行权或者注销完毕之日止，最长不超过 48 个月。 授予股票期权的等待期分别为自股票期权授予登记完成之日起 12 个月、24 个月、36 个月。 授予股票期权的行权安排如下： 行权安排 行权期间 行权比例 自授予登记完成之日起 12 个月后的首个交易日起至授 第一个行权期 30% 予登记完成之日起 24 个月内的最后一个交易日当日止 自授予登记完成之日起 24 个月后的首个交易日起至授 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市金新农科技股份有限公司（以下简称公司） ...

Group 1 - The company has completed the registration of stock options for its executives, with provisions for reallocating ungranted options in case of employee departure or voluntary waiver [2] - The board of directors has the authority to redistribute ungranted restricted stocks to other eligible recipients or adjust them to reserves before the completion of registration [2] - The company has a total of 144 core technical, management, and business personnel involved in the stock option and restricted stock incentive plan [2]