Group 1 - The feed sector experienced a decline of 0.29% on January 23, with Zhongchong Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] - Key stocks in the feed sector showed varied performance, with Tianma Technology rising by 2.94% to a closing price of 16.13, while Zhongchong Co., Ltd. fell by 1.55% to 49.52 [2] Group 2 - The feed sector saw a net outflow of 70.64 million yuan from institutional investors, while retail investors had a net inflow of 90.51 million yuan [2] - The trading volume and turnover for major stocks in the feed sector varied, with major stocks like Tianma Technology and Haida Group showing significant trading activity [3] - The net inflow and outflow of funds for specific stocks indicated a mixed sentiment among investors, with some stocks like Haida Group experiencing a net inflow of 13.67 million yuan from institutional investors [3]

Core Insights - In December 2025, 16 major pig farming companies in China achieved a total sales volume of 17.72 million pigs, marking a year-on-year increase of 3.51% and a month-on-month increase of 7.15% [1][5][6] - The total revenue for these companies in December was 22.104 billion yuan, reflecting a year-on-year decline of 26.85% but a month-on-month increase of 4.87% [1][5][11] Sales Volume Analysis - The leading company, Muyuan Foods, sold 6.98 million pigs in December, while Wens Foodstuffs and New Hope reported sales of over 1.8 million pigs each [1][6] - Jin Xin Nong and Zhengbang Technology experienced significant sales growth, with increases exceeding 70% year-on-year, while four companies, including Muyuan Foods and Tangrenshen, saw declines of over 10% [1][6][10] Revenue Analysis - The revenue figures for December showed that Jin Xin Nong and Zhengbang Technology had revenue growth rates exceeding 20%, while four companies, including Zhenghong Technology and Tiankang Biological, reported revenue declines of over 30% [1][11] - Muyuan Foods generated 9.667 billion yuan in revenue for December, down 36.06% year-on-year, while Wens Foodstuffs and New Hope also reported declines of 11.38% and 10.75%, respectively [10][12] Price Trends - The average transaction price for pigs in the national market fluctuated around 15 yuan per kilogram in early 2025, dropping to a low of 11.05 yuan per kilogram in the latter half of the year [2]

Market Overview - The feed sector experienced a decline of 0.69% on January 21, with Aonong Biological leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Individual Stock Performance - Jin Xin Nong (002548) closed at 6.56, up 2.34% with a trading volume of 399,800 shares and a transaction value of 261 million [1] - Petty Holdings (300673) closed at 19.46, up 1.62% with a trading volume of 82,200 shares and a transaction value of 159 million [1] - Aonong Biological (603363) closed at 4.27, down 1.84% with a trading volume of 430,600 shares and a transaction value of 184 million [2] - Other notable declines include Tian Kang Biological (002100) down 1.26% and Hai Da Group (002311) down 1.17% [2] Capital Flow Analysis - The feed sector saw a net outflow of 95.94 million from institutional investors, while retail investors had a net inflow of 63.31 million [2] - The capital flow for individual stocks shows Jin Xin Nong with a net inflow of 21.61 million from institutional investors, while Aonong Biological had a net outflow of 1.32 million [3] - Petty Holdings experienced a net outflow of 1.99 million from institutional investors but a net inflow of 6.27 million from retail investors [3]

1月21日，金新农盘中上涨2.18%，截至10:32，报6.55元/股，成交6780.42万元，换手率1.31%，总市值 54.25亿元。 资金流向方面，主力资金净流入415.89万元，特大单买入238.43万元，占比3.52%，卖出239.39万元，占 比3.53%；大单买入1583.93万元，占比23.36%，卖出1167.09万元，占比17.21%。 金新农今年以来股价涨7.73%，近5个交易日涨2.34%，近20日涨14.91%，近60日涨36.46%。 资料显示，深圳市金新农科技股份有限公司位于广东省深圳市光明区光明街道光电北路18号金新农大 厦，成立日期1999年11月6日，上市日期2011年2月18日，公司主营业务涉及猪用饲料产品研发、生产和 销售,信息技术服务。主营业务收入构成为：猪用配合料49.43%，生猪32.10%，其他饲料9.29%，猪用浓 缩料5.43%，猪用预混料2.82%，其他0.58%，饲料原材料0.35%。 金新农所属申万行业为：农林牧渔-饲料-畜禽饲料。所属概念板块包括：小盘、低价、基金重仓、融资 融券、QFII持股等。 截至1月10日，金新农股东户数3.75万，较上期增加 ...

证券代码：002548 证券简称：金新农 公告编号：2026-002 深圳市金新农科技股份有限公司 关于公司及控股子公司担保进展的公告 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。 一、担保审议情况概述 深圳市金新农科技股份有限公司（以下简称公司）于 2025 年 12 月 12 日召 开第六届董事会第十八次临时会议、2025 年 12 月 29 日召开 2025 年第四次临时 股东会审议通过《关于 2026 年度公司及子公司担保额度预计的议案》，2026 年 度公司或子公司为合作养殖户向银行融资提供担保总额不超过 10,000 万元，为 公司全资或控股的下属公司向业务相关方（包括但不限于供应商、银行、融资租 赁公司、其他金融机构等）申请授信、借款、保理业务、融资租赁业务、采购或 其他日常经营履约义务提供担保总额不超过 290,000 万元；2026 年度公司子公司 为公司向业务相关方申请授信、借款、保理业务、融资租赁业务、采购或其他日 常经营履约义务提供担保总额不超过 500,000 万元。 具体内容详见公司在《证券时报》《上海证券报》《中国证券报》及巨潮 ...

1月19日，金新农盘中下跌2.19%，截至09:47，报6.26元/股，成交6724.98万元，换手率1.32%，总市值 51.84亿元。 截至1月10日，金新农股东户数3.75万，较上期增加0.00%；人均流通股21433股，较上期增加0.00%。 2025年1月-9月，金新农实现营业收入35.41亿元，同比增长3.04%；归母净利润-9422.05万元，同比减少 438.06%。 分红方面，金新农A股上市后累计派现3.68亿元。近三年，累计派现0.00元。 机构持仓方面，截止2025年9月30日，金新农十大流通股东中，国泰中证畜牧养殖ETF（159865）位居 第二大流通股东，持股1272.76万股，相比上期增加472.25万股。 责任编辑：小浪快报 资金流向方面，主力资金净流出530.81万元，特大单买入747.99万元，占比11.12%，卖出847.76万元， 占比12.61%；大单买入1516.77万元，占比22.55%，卖出1947.81万元，占比28.96%。 金新农今年以来股价涨2.96%，近5个交易日涨1.29%，近20日涨13.82%，近60日涨35.21%。 资料显示，深圳市金新农科技股 ...

Group 1 - The core viewpoint of the news is that Jin Xin Nong's stock price increased by 5.37% to 6.48 CNY per share, with a trading volume of 217 million CNY and a turnover rate of 4.25%, resulting in a total market capitalization of 5.367 billion CNY [1] - Jin Xin Nong, established on November 6, 1999, and listed on February 18, 2011, is primarily engaged in the research, production, and sales of pig feed products, as well as information technology services [1] - The revenue composition of Jin Xin Nong's main business includes: pig compound feed 49.43%, live pigs 32.10%, other feed 9.29%, pig concentrated feed 5.43%, pig premix feed 2.82%, others 0.58%, and feed raw materials 0.35% [1] Group 2 - From the perspective of the top ten circulating shareholders, Guotai Fund's ETF, Guotai Zhongzheng Animal Husbandry ETF (159865), increased its holdings by 4.7225 million shares in the third quarter, holding a total of 12.7276 million shares, which accounts for 1.58% of the circulating shares [2] - The Guotai Zhongzheng Animal Husbandry ETF has a current scale of 6.097 billion CNY, with a year-to-date return of 0.36% and a one-year return of 16.69% [2] - The fund manager of Guotai Zhongzheng Animal Husbandry ETF, Liang Xing, has a cumulative tenure of 9 years and 225 days, with the best fund return during this period being 1112.34% [3]

Group 1 - The feed sector experienced a slight increase of 0.13% on January 15, with Lude Technology leading the gains [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - Key stocks in the feed sector showed varied performance, with Lude Technology closing at 17.62, up 1.91%, and Tangrenshen closing at 4.40, down 0.23% [1] Group 2 - The feed sector saw a net outflow of 116 million yuan from institutional investors, while retail investors contributed a net inflow of 116 million yuan [2] - The trading volume for Lude Technology was 27,000 hands, with a transaction amount of 46.9584 million yuan [1] - The stock performance of major companies included Hada Group with a closing price of 53.63, up 1.15%, and Petty Co. with a closing price of 18.75, down 2.09% [2][3] Group 3 - The net inflow from retail investors for TianKang Biological was 17.1 million yuan, while the net outflow from institutional investors was 18.4821 million yuan [3] - The net inflow for GuaiBao Pet was 6.3998 million yuan from institutional investors, while it faced a net outflow of 10.7891 million yuan from retail investors [3] - The overall sentiment in the feed sector indicates mixed investor behavior, with some stocks attracting retail interest while others faced institutional selling pressure [2][3]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The industry is expected to see a peak in hog slaughtering in late January, with prices anticipated to slightly rise from the bottom before the Lunar New Year. In December 2025, the national average selling price of hogs was 11.59 yuan/kg, reflecting a month-on-month decrease of 0.84% and a year-on-year decrease of 26.23% [5][15] - The December hog slaughter volume was 5.93 million heads, which is a month-on-month increase of 18.68% and a year-on-year increase of 3.50% [15] - The overall supply pressure is expected to ease due to increased slaughtering in late December, leading to a slight price increase for hogs, although the upward potential remains limited [5][15] Summary by Sections Industry Overview - The industry anticipates a peak in hog slaughtering in late January, with prices expected to rise slightly from the bottom before the Lunar New Year. The December 2025 national average selling price of hogs was 11.59 yuan/kg, down 0.84% month-on-month and down 26.23% year-on-year [5][15] - The December hog slaughter volume was 5.93 million heads, up 18.68% month-on-month and 3.50% year-on-year [15] Supply and Demand Dynamics - The supply of large hogs is expected to remain ample, with the proportion of hogs over 150 kg slightly higher than the same period in 2024. As of January 1, 2026, the proportion of hogs over 150 kg was 6.76%, with a month-on-month decrease of 0.25 percentage points and a year-on-year increase of 0.03 percentage points [6][18] - The demand recovery, combined with reduced weight slaughtering, has led to an increase in the price difference for hogs. However, high frozen product inventory levels may suppress future hog prices, with the national frozen product inventory rate at 19.89%, up 4.93 percentage points year-on-year [21][23] Financial Performance of Listed Companies - In December 2025, 12 listed hog farming companies collectively slaughtered 17.6075 million heads, a year-on-year increase of 8.86%. The individual slaughter volumes varied significantly among companies, with some experiencing substantial growth while others faced declines [29][30] - The average selling prices of major listed hog companies in December showed a month-on-month decline, with prices ranging from 10.66 to 12.21 yuan/kg, reflecting various percentage changes [36][37]

Group 1 - The feed sector experienced a decline of 0.25% on January 12, with Jin Xin Nong leading the drop [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Major stocks in the feed sector showed varied performance, with notable gainers including Guai Bao Pet Food, which rose by 2.75% to a closing price of 69.14 [1] Group 2 - Jin Xin Nong's stock price fell by 2.37% to 6.18, with a trading volume of 488,700 shares and a turnover of 303 million yuan [2] - The feed sector saw a net outflow of 184 million yuan from main funds, while retail investors contributed a net inflow of 141 million yuan [2] - The stock performance of various companies indicated mixed trends, with some stocks like Petty Co. showing a slight increase of 0.43% [2][3] Group 3 - The main fund inflow for Da Bei Nong was 29.46 million yuan, while it experienced a net outflow from retail investors of 10.16 million yuan [3] - Lu Si Co. had a net inflow of 1.44 million yuan from main funds, with retail investors also contributing positively [3] - The overall sentiment in the feed sector appears cautious, with significant movements in fund flows indicating varying investor confidence [3]