潮宏基同样也备受券商关注，近一个月获民生证券、山西证券、海通国际、开源证券、东吴证券、华源 证券、天风证券、国信证券等11份券商研报关注。 券商评级是指证券公司的分析师，通过分析上市公司的财务潜力、财务指标、公司运营治理能力，然后 进行实地考察调研后得出的评论，备受投资者关注。 据证券之星数据库不完全统计，8月26日券商共给予近120家A股上市公司"买入"评级。从行业分布看， 券商8月26日关注的个股聚焦于农牧饲渔、珠宝首饰、化学制品、汽车整车、酿酒、食品饮料、软件开 发、化肥等行业。 | 股票代码 | 股票简称 | 报告名称 | 评级变动 | 机构 | 近一月个 股研报数 | 行业 | 日期 | | --- | --- | --- | --- | --- | --- | --- | --- | | 002714 | 牧原股份 | 养殖成本优势突出,高分红积极回报股东 | 址 人 | 中邮证券 | 11 | 农牧饲渔 | 8月26日 | | 002345 | 潮完具 | 2025年半年报点评:业绩增长亮眼,品牌势能强 劲,海外积极布局 | ਸ਼ੇ ਮ | 国元证券 | 11 | 珠宇直饰 | 8月26日 | ...

Core Viewpoint - The recent performance of the pig farming industry shows signs of recovery, with several companies reporting significant profit increases, driven by policy support and operational improvements [10][11][12]. Company Performance - Aonong Bio reported a net profit of 361 million yuan for the first half of the year, successfully reversing losses from the previous year [1][11]. - Other companies in the sector also showed strong performance, with New Hope expecting a net profit increase of 155.85%-164.07% and Zhengbang Technology projecting a profit growth of 249.03%-264.72% [11]. - Muyuan Foods, known as "Pig King," reported a substantial revenue increase of 34.46% and a net profit surge of 1169.77% for the first half of the year [11][12]. Market Conditions - The average price of live pigs has dropped significantly, with the price for external three yuan pigs falling to 13.75 yuan per kilogram, a decrease of 31.69% year-on-year [3][7]. - The pig-to-grain price ratio has also declined to 5.78:1, indicating a severe compression of profit margins for pig farming [6][8]. Policy Impact - The National Development and Reform Commission has initiated measures to stabilize pig prices, including the central frozen pork reserve collection [9][10]. - Policies aimed at reducing breeding stock and controlling production weights have been implemented to adjust supply and demand dynamics in the market [9][12]. Future Outlook - Analysts suggest that the pig farming industry is likely to enter a phase of stable and high-quality development, with a focus on improving efficiency and eliminating outdated production capacity [12][13]. - The emphasis on cost control and production adjustments is expected to enhance the profitability and market position of quality pig farming enterprises [12].

截至2025年8月26日 14:41，中证农牧主题指数(931778)上涨2.41%，样本股牧原股份(002714)上涨 7.51%，天康生物(002100)上涨6.04%，江山股份(600389)上涨5.74%，东方铁塔(002545)，广信股份 (603599)等个股均上涨。 太平洋证券指出，生猪养殖行业反内卷调控政策近期密集发布，继发改委6月初提出了不增产能和降重 稳价倡议，以及农业部7月下旬召集养殖屠宰核心企业会议提出了严格落实产能调控举措之后，行业协 会8月13日召开会议倡议行业削减产能至3950万头，多家头部企业参会。会后业内龙头企业积极响应产 能调控政策，表态将削减能繁母猪存栏量。尽管育肥和扩繁环节持续盈利，但预计随着反内卷政策的继 续实施和规避疫情风险的影响，行业产能有望去化。 建信中证农牧主题ETF(159616)紧密跟踪中证农牧主题指数，中证农牧主题指数选取50只业务涉及粮食 种植、种子生产、农药化肥、农用机械、畜牧养殖、饲料生产以及动物保健等相关领域的上市公司证券 作为样本，以反映农牧主题上市公司证券的整体表现。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 近 ...

证券研究报告：农林牧渔 | 公司点评报告 股票投资评级 公司基本情况 分析师:王琦 SAC 登记编号:S1340522100001 Email:wangqi2022@cnpsec.com 牧原股份(002714) 养殖成本优势突出，高分红积极回报股东 事件： 公司发布 25 年中报，实现营收 764.63 亿元，同比增 34.46%；归 母净利 105.30 亿元，同比增 1169.77%，处于业绩预告中上区间。成 本快速下行，推动公司业绩大增。同时公司财务状况良好，上半年经 营活动产生的净现金流为 173.51 亿元，同比增 12.13%；截至二季度 末，公司资产负债率为 56.06%，相比一季度末下降 3.14 个百分点。 点评：养殖成本优势突出，屠宰业务大幅减亏 养殖：出栏稳增，成本优势铸造最强护城河。2025 年上半年， 公司共销售生猪 4691 万头(YOY+44.84%)，其中商品猪 3839.4 万头 (YOY+32.48%)，仔猪 829.1 万头(YOY+168.06%)。公司生产成绩持续 改善，养殖成本从 1 月的 13.1 元/公斤逐月降至 7 月的 11.8 元/公 斤，稳居行业第一梯 ...

Core Viewpoint - The article highlights the mid-year dividend announcements from A-share listed companies, indicating a positive trend in net profit growth and substantial cash dividends being distributed to shareholders [2]. Group 1: Dividend Distribution - As of August 26, 2025, a total of 2,358 A-share listed companies have disclosed their semi-annual reports, with 1,329 companies reporting year-on-year net profit growth [2]. - Among these, 389 companies announced mid-term dividend plans, with a total proposed dividend amount nearing 1,800 billion yuan [2]. Group 2: Major Dividend Payers - Notable companies with significant cash dividends include China Mobile, China Telecom, and Sinopec, each distributing over 10 billion yuan, with China Mobile leading at 540.83 billion yuan [5][7]. - Other companies with substantial dividends include Muyuan Foods (50.02 billion yuan) and Ping An Bank (45.80 billion yuan) [5][7]. Group 3: Dividend Per Share - The article lists companies with notable dividends per share, including: - Gigabit (6.60 yuan) - Ninebot (4.23 yuan) - Shuoshi Biology (3.40 yuan) - China Mobile (2.50 yuan) [10].

截至2025年8月26日 13:39，中证畜牧养殖指数(930707)强势上涨2.67%，成分股晓鸣股份(300967)上涨 10.30%，天马科技(603668)上涨8.73%，牧原股份(002714)上涨8.10%，天康生物(002100)，圣农发展 (002299)等个股跟涨。畜牧ETF(159867)上涨2.86%，最新价报0.68元。 数据显示，截至2025年7月31日，中证畜牧养殖指数(930707)前十大权重股分别为牧原股份(002714)、温 氏股份(300498)、海大集团(002311)、梅花生物(600873)、新希望(000876)、大北农(002385)、圣农发展 (002299)、生物股份(600201)、天康生物(002100)、唐人神(002567)，前十大权重股合计占比64.83%。 畜牧ETF紧密跟踪中证畜牧养殖指数，中证畜牧养殖指数选取涉及畜禽饲料、畜禽药物以及畜禽养殖等 业务的上市公司证券作为样本，以反映畜牧养殖相关上市公司的整体表现。 市场高切低，畜牧板块午后持续走高，中国银河证券指出，我们持续重点强调关注生猪养殖行业的攻守 兼备布局机会，基于能繁母猪作用值及养殖效率 ...

Group 1 - The poultry and pork sectors are experiencing significant activity, with notable stock price increases [1] - Aonong Bio and other companies such as Muyuan Foods, Lihua Stock, Tiankang Bio, and Xiaoming Stock have seen their stock prices rise [1]

8月26日早上，A股集体低开，随后探底回升。截至午间收盘，三大指数均小幅上涨：沪指涨0.11%，深成指涨0.73%，创业板指涨0.21%。沪深两市半日成 交额1.68万亿。全市场超3300只个股上涨。 | 邦基科技 | 26.90 | +4.87% +13.12% | | --- | --- | --- | | 603151 | | | | 领涨龙头3 | | | | 京基智农 | 16.82 | +4.73% +6.05% | | 融 000048 | | | | 天康生物 | 6.92 | +4.53% +6.63% | | 融 002100 | | | | 温氏股份 | 18.65 | +4.02% +7.80% | | 融 300498 | | | | 东瑞股份 | 17.35 | +3.83% +4.96% | | 001201 | | | | 巨星农牧 | 22.10 | +3.51% +5.89% | | 融 603477 | | | 消息面上，据国家发展改革委监测，近日全国平均猪粮比价跌至6∶1以下，按照《完善政府猪肉储备调节机制做好猪肉市场保供稳价工作预案》规定，进 入三级预警区间。为促进生 ...

Market Overview - A-shares experienced a slight rebound with the three major indices rising slightly, with a half-day trading volume of 1.68 trillion, down 398.3 billion from the previous trading day [1] - The Shanghai Composite Index rose by 0.11%, the Shenzhen Component Index by 0.73%, and the ChiNext Index by 0.21% [1] - Huatai Securities noted that the market is currently experiencing increased divergence, but the recent adjustments are beneficial for the development of a slow bull market [1] Sector Performance Gaming Sector - The gaming sector showed strength, with 37 Interactive Entertainment hitting the daily limit, and other companies like Ice Age Network and Perfect World also rising [2] - The National Press and Publication Administration approved 173 games in August, marking a new high for the year, indicating the gaming industry is entering a prosperous cycle [2] Huawei Concept Stocks - Huawei concept stocks collectively rose, with companies like Junyi Digital and Tuowei Information hitting the daily limit [3] - Huawei is set to release a new AI SSD on August 27, which is expected to accelerate the domestic AI chip market's growth amid various regulatory factors [3] Commercial Aerospace - The commercial aerospace sector remained active, with China Satellite achieving two consecutive daily limits and other companies like Tengya Precision Engineering also rising [4] - The issuance of satellite internet licenses is seen as a significant step for commercial operations in this field, although full service akin to Starlink may take 2-3 years [4] Institutional Insights CITIC Securities - CITIC Securities emphasized that the current market rally is primarily driven by institutional investors rather than retail investors, focusing on industrial trends and performance [5] - The firm recommends focusing on resources, innovative pharmaceuticals, gaming, and military industries, while also considering chemical sectors and consumer electronics in September [5] Dongfang Securities - Dongfang Securities highlighted that the current market rally is not easily concluded, but the Shanghai Composite Index faces significant resistance between 3900-4000 points, leading to potential wide fluctuations [6] - The firm noted that recent surges in technology stocks have shown signs of pullback, indicating a shift in market focus [6]

Group 1 - A-shares main indices continue to strengthen, with the Shenzhen Component Index rising nearly 0.5%, and both the ChiNext Index and Shanghai Composite Index turning positive after previously dropping over 1% [1] - Sectors such as gaming, Huawei Ascend, and aquaculture saw significant gains, with nearly 3,100 stocks in the Shanghai and Shenzhen markets rising [1] Group 2 - Notable stock performances include: - Aonong Biological (603363) up 10.08% with a market cap of 10.8 billion and a year-to-date increase of 17.23% - Muyuan Foods (002714) up 8.12% with a market cap of 303.5 billion and a year-to-date increase of 46.46% - Lihua Agricultural (300761) up 4.58% with a market cap of 1.74 billion and a year-to-date increase of 9.59% - Tiankang Biological (002100) up 4.53% with a market cap of 944.8 million and a year-to-date increase of 9.32% [2]