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牧原股份:8月份,公司销售商品猪收入118.5亿元,同比变动-12.30%
Xin Lang Cai Jing· 2025-09-05 09:24
牧原股份公告,2025年8月份,公司销售商品猪700.1万头,同比变动27.10%(其中向全资子公司牧原肉 食品有限公司及其子公司合计销售商品猪259.1万头);商品猪销售均价13.51元/公斤,同比变 动-31.46%;商品猪销售收入118.5亿元,同比变动-12.30%。 ...
牧原股份:8月商品猪销售收入118.5亿元,同比下降12.30%
Xin Lang Cai Jing· 2025-09-05 09:24
牧原股份9月5日公告,2025年8月份,公司销售商品猪700.1万头,同比变动27.10%(其中向全资子公司 牧原肉食品有限公司及其子公司合计销售商品猪259.1万头);商品猪销售均价13.51元/公斤,同比变 动-31.46%;商品猪销售收入118.5亿元,同比变动-12.30%。 ...
扩大服务消费若干政策有望近日推出!消费ETF(159928)强势两连阳,全天资金疯狂净申购超4.6亿份!
Sou Hu Cai Jing· 2025-09-05 08:56
Group 1 - The A-share market has shown a significant recovery, with the consumption ETF (159928) rising by 0.82% and achieving a total transaction volume of 8.91 billion yuan, indicating a strong inflow of funds [1] - The consumption ETF (159928) has seen a net subscription of 462 million units, accumulating over 3 billion yuan in the last ten days, with a total share exceeding 21.3 billion, leading its peers [1] - New policies aimed at expanding service consumption are expected to be announced soon, with inbound tourism consumption anticipated to boost domestic demand [3] Group 2 - The food and beverage sector is showing signs of marginal improvement, with a projected consumption recovery in the second half of 2025, as indicated by a 5.6% year-on-year revenue growth in Q2 2025, up from 4.6% in Q1 [6] - The report highlights a divergence in performance among companies, with leading brands like Kweichow Moutai and Haitian Flavoring maintaining stable growth, while some second-tier brands are experiencing revenue declines [9] - The beverage sector has shown resilience, with many snack companies performing well, suggesting a gradual recovery in demand across various industries in the latter half of 2025 [9] Group 3 - The white liquor sector is beginning to show signs of bottoming out, with market liquidity supporting a rise in valuations, despite short-term consumption pressures from regulatory restrictions [10] - The report indicates that the white liquor industry is undergoing a cleansing phase, with performance under pressure but showing signs of improvement, particularly in August [10] - High-end liquor brands are maintaining resilience through effective brand management and channel control, while second-tier brands are more directly affected by policy changes [11] Group 4 - The consumption ETF (159928) is characterized by its strong demand and resilience across economic cycles, with over 68% of its top ten holdings in essential consumer goods [12] - The report emphasizes the importance of focusing on leading companies in the consumer sector, particularly those with strong growth potential and innovative distribution channels [9][12] - The Hong Kong Stock Connect Consumption 50 ETF (159268) is highlighted as an efficient investment option for accessing the consumer sector, particularly for younger consumers [12]
养殖业板块9月5日涨1.21%,京基智农领涨,主力资金净流入1.14亿元
| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600965 | 福成股份 | 5.16 | -0.96% | 13.88万 | 7099.00万 | | 300967 | 膀鸣股份 | 26.13 | -0.65% | 20.94万 | - 5.36 Z | | 002458 | 益生股份 | 8.86 | -0.23% | 8.85万 | 7786.48万 | | 002746 | 仙坛股份 | 6.31 | -0.16% | . 12.14万 | 7617.91万 | | 002234 | 民和股份 | 8.71 | -0.11% | 6.76万 | 5869.63万 | | 002982 | 湘佳股份 | 15.13 | 0.07% | 3.70万 | 5549.10万 | | 603477 | 巨星农牧 | 20.69 | 0.24% | 13.17万 | 2.69亿 | | 002124 | 天邦食品 | 3.01 | 0.33% | 38.18万 | 1.14亿 | | 30031 ...
如何看待2025年7月生猪产能数据?
证券研究报告 行业研究|行业专题研究|农林牧渔 如何看待 2025 年 7 月生猪产能数据? 请务必阅读报告末页的重要声明 glzqdatemark1 2025年09月05日 证券研究报告 |报告要点 据农业农村部数据,7 月份全国规模猪场母猪淘汰数量环比+2.1%,7 月末全国能繁母猪存栏 量 4042 万头,环比下降 1 万头。2025 年 7 月 23 日,农业农村部召开推动生猪产业高质量发 展座谈会:要严格落实产能调控举措,合理淘汰能繁母猪,适当调减能繁母猪存栏,减少二次 育肥,控制肥猪出栏体重,严控新增产能。重点推荐成本优势明显,出栏兑现度高的优秀养殖 企业。推荐牧原股份、温氏股份等;同时推荐后周期动保及饲料板块,如海大集团等。 |分析师及联系人 王明琦 涂雅晴 SAC:S0590524040003 SAC:S0590524110004 请务必阅读报告末页的重要声明 1 / 9 行业研究|行业专题研究 glzqdatemark2 2025年09月05日 农林牧渔 如何看待 2025 年 7 月生猪产能数据? 投资建议: 强于大市(维持) 上次建议: 强于大市 相对大盘走势 -20% -3% 13% ...
国泰海通:养殖行业盈利能力改善 推荐牧原股份(002714.SZ)等
智通财经网· 2025-09-05 06:27
智通财经APP获悉,国泰海通发布研报称,养殖板块养殖成本有所下降,从而带动利润改善。往后看, 该行预计低成本公司现金流状况将进一步改善。另预期行业分红公司逐步增加,分红率逐步增长。基于 行业盈利能力改善,继续看好生猪养殖行业。推荐标的:牧原股份(002714.SZ)、温氏股份 (300498.SZ)、巨星农牧(603477.SH)、神农集团(605296.SH)、天康生物(002100.SZ)。 分红增加 国泰海通主要观点如下: 2025年中报养殖行业现金流改善、负债率下降、养殖利润向好,其中牧原、神农、京基智农进行中报分 红,未来随着借款和负债率进一步下降,该行预期行业分红公司逐步增加,分红率逐步增长。 利润表:营收利润双增 利润表来看,2025Q2营业收入1205.60亿元,同比增加15.20%,环比增加9.85%。从成本的角度来看, 基于养殖效率改善、存活率提升等原因,该行预计养殖成本有所下降,从而带动利润改善,归母净利润 方面,单二季度归母净利润87.15亿,同比上升23.4%,环比一季度上升7.85亿。 资产负债表:降负债,慢资本开支 从资产负债表可以看到,利润的增厚主要投向降负债,资本开支没有大幅 ...
国泰海通:养殖行业盈利能力改善 推荐牧原股份等
Zhi Tong Cai Jing· 2025-09-05 06:26
国泰海通发布研报称,养殖板块养殖成本有所下降,从而带动利润改善。往后看,该行预计低成本公司 现金流状况将进一步改善。另预期行业分红公司逐步增加,分红率逐步增长。基于行业盈利能力改善, 继续看好生猪养殖行业。推荐标的:牧原股份(002714)(002714.SZ)、温氏股份(300498) (300498.SZ)、巨星农牧(603477)(603477.SH)、神农集团(605296)(605296.SH)、天康生物 (002100)(002100.SZ)。 从资产负债表可以看到,利润的增厚主要投向降负债,资本开支没有大幅提升,该行看到二季度资本开 支环比下降约7亿,在建工程同比下降39.65%,板块平均资产负债率在二季度降到56.27%,环比Q1下降 约2个百分点。现金流量表:现金流的改善。单二季度的经营活动现金流净额为201.94亿,环比增加 66.16亿,并且是在二季度负债率明确改善的情况下,现金流逐步充裕。往后看,该行预计低成本公司 现金流状况将进一步改善。 国泰海通主要观点如下: 利润表:营收利润双增 利润表来看,2025Q2营业收入1205.60亿元,同比增加15.20%,环比增加9.85%。从成本 ...
多维度透视沪深2025年中报:谁在领衔增长?
Group 1: Overall Performance of Listed Companies - The total operating revenue of listed companies in Shanghai and Shenzhen reached 34.92 trillion yuan, with a net profit of 2.99 trillion yuan for the first half of 2025 [1] - Shenzhen companies achieved a total operating revenue of 10.24 trillion yuan, a year-on-year increase of 3.64%, and a net profit of 595.46 billion yuan, up 8.88% [1] - Shanghai companies reported operating revenue of 24.68 trillion yuan, a slight decrease of 1.3%, with a net profit of 2.39 trillion yuan, an increase of 1.1% [1] Group 2: Sector Performance - Emerging industries such as semiconductors, electronics, pharmaceuticals, and new energy are rapidly rising, while traditional industries like steel and machinery are seeking transformation [2] - The electronics sector in Shenzhen saw 253 companies generate 984.76 billion yuan in revenue, a 14.1% increase, and a net profit of 454.57 billion yuan, up 24.59% [3] - The computer industry in Shenzhen reported 501.25 billion yuan in revenue, a 13.74% increase, and a net profit of 122.85 billion yuan, up 26% [5] Group 3: R&D Investment - Shenzhen companies invested a total of 352.97 billion yuan in R&D, with significant contributions from companies like BYD and ZTE [9] - The R&D investment in strategic emerging industries in Shenzhen reached 92.46 billion yuan, a year-on-year increase of 22.36% [9] - Shanghai's R&D investment also hit a record high of 432.6 billion yuan, growing by 1% [9] Group 4: International Expansion - Over 830 manufacturing companies in Shanghai achieved overseas revenue of 1.1 trillion yuan, a 5% increase [11] - Shenzhen's strategic emerging industries reported overseas income of 434.66 billion yuan, a 23.59% increase, with a 29.22% share of total revenue [11] - Companies are diversifying their overseas markets, with significant growth in exports from firms like Huayou Cobalt and Quectel [12] Group 5: Dividend and Shareholder Returns - A total of 794 listed companies in Shanghai and Shenzhen announced mid-term dividends amounting to 643.81 billion yuan [12] - Shenzhen companies saw an 18.04% increase in the number of mid-term dividends declared, with a 49.51% increase in dividend amounts [12] - Companies are also increasing share buybacks, with Shenzhen firms announcing 230 buyback plans totaling 68.21 billion yuan [13]
猪肉概念涨1.33%,主力资金净流入14股
Sou Hu Cai Jing· 2025-09-04 10:24
截至9月4日收盘,猪肉概念上涨1.33%,位居概念板块涨幅第9,板块内,30股上涨,傲农生物、大禹 生物、益生股份等涨幅居前,分别上涨5.03%、3.40%、3.26%。跌幅居前的有牧原股份、邦基科技等, 分别下跌1.88%、0.77%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅(%) | 概念 | 今日涨跌幅(%) | | --- | --- | --- | --- | | 乳业 | 2.95 | 国家大基金持股 | -5.84 | | 免税店 | 2.57 | 共封装光学(CPO) | -5.74 | | 预制菜 | 2.36 | 光刻机 | -5.37 | | 冰雪产业 | 1.93 | 中国AI 50 | -5.11 | | 养鸡 | 1.89 | F5G概念 | -4.87 | | 网红经济 | 1.84 | 存储芯片 | -4.61 | | 广东自贸区 | 1.68 | 中芯国际概念 | -4.40 | | 人造肉 | 1.67 | 汽车芯片 | -4.24 | | 猪肉 | 1.33 | 先进封装 | -4.09 | | 供销社 | 1.22 | 光纤概念 | -3.98 | 资金面上 ...
【前瞻分析】2025年中国生猪养殖行业企业净利润及成本分析
Sou Hu Cai Jing· 2025-09-04 08:56
根据农业农村部公布的数据显示,2021年3月以来,中国散养生猪成本整体也呈下降趋势,从2021年3月 的2971元/头下降至2025年4月的2123元/头。散养生猪成本控制效果也较好。 行业主要上市公司:牧原股份(002714.SZ)、正邦科技(002157.SZ)、温氏股份(300498.SZ)、新希望 (000876.SZ)等 中国生猪养殖行业代表性企业净利润水平 自2020年以来生猪行业大规模扩张产能,导致行业产能供过于求,生猪价格持续处于低位运行,养殖业 经历下行周期,多数养猪企业在经历了2020年的历史峰值后连续亏损,2023年除正邦科技外,其余生猪 养殖行业代表性企业净利润均呈现亏损状态。2024年,行业整体盈利能力改善,企业净利润基本呈现正 状态。 散养生猪成本水平 从五力竞争模型角度分析,我国生猪养殖企业数量众多且分布广泛,猪肉市场价格清晰而透明,属于完 全竞争市场。同时,生猪养殖行业市场集中度较低,生猪养殖企业之间的竞争是非常激烈的;生猪养殖 企业供应商主要是猪饲料企业和种猪供应企业,一般的生猪养殖企业规模都相对较大,都具备自身繁育 生猪的能力,即使引入种猪,也有足够多的种猪供应商以供其选择 ...