牧原股份（002714）(002714.SZ)公告，此前于2025年12月4日，中国香港联交所上市委员会举行上市聆 讯，审议了公司本次发行上市的申请。公司按照有关规定在中国香港联交所网站刊登本次发行聆讯后资 料集。 ...

智通财经APP讯，牧原股份(002714.SZ)公告，此前于2025年12月4日，中国香港联交所上市委员会举行 上市聆讯，审议了公司本次发行上市的申请。公司按照有关规定在中国香港联交所网站刊登本次发行聆 讯后资料集。 ...

格隆汇1月19日丨牧原股份(002714.SZ)公布，根据本次发行上市的时间安排，公司按照有关规定在香港 联交所网站刊登本次发行聆讯后资料集，该聆讯后资料集为公司根据香港联交所、香港证券及期货事务 监察委员会的要求而刊发，刊发目的仅为提供资讯予香港公众人士和合资格的投资者，除此之外并无任 何其他目的。同时，该聆讯后资料集为草拟版本，其所载资料可能会适时作出更新和变动。 ...

| 证券代码：002714 | 证券简称：牧原股份 公告编号：2026-007 | | --- | --- | | 债券代码：127045 | 债券简称：牧原转债 | 牧原食品股份有限公司 董事会 2026 年 1 月 20 日 牧原食品股份有限公司（以下简称"公司"）于 2025 年 1 月 15 日发行了 2025 年度第一期中期票据（简称：25 牧原食品 MTN001，代码：102580292）， 发行总额为人民币 10 亿元，发行利率 2.4%，起息日为 2025 年 1 月 17 日，付息 日为 2026 年 1 月 17 日（如遇法定节假日，则顺延至下一个工作日）。具体内容 详见 2025 年 1 月 18 日披露于《证券时报》《中国证券报》《上海证券报》《证 券日报》及巨潮资讯网（www.cninfo.com.cn）的《牧原食品股份有限公司关于 2025 年度第一期中期票据发行结果的公告》（公告编号：2025-005）。 目前，公司已按期完成了上述中期票据 2026 年的付息工作，支付利息人民 币 2,400 万元。 特此公告。 牧原食品股份有限公司 关于 2025 年度第一期中期票据 2026 ...

| 证券代码：002714 | 证券简称：牧原股份 | 公告编号：2026-008 | | --- | --- | --- | | 债券代码：127045 | 债券简称：牧原转债 | | 牧原食品股份有限公司 关于刊发H股发行聆讯后资料集的公告 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。 牧原食品股份有限公司（以下简称"公司"）正在进行申请境外上市外资股（H 股）发行并在香港联合交易所有限公司（以下简称"香港联交所"）主板挂牌上 市（以下简称"本次发行上市"）的相关工作。 2025 年 5 月 27 日，公司向香港联交所递交了本次发行上市的申请，并于同 日在香港联交所网站刊登了申请资料。具体内容详见公司于 2025 年 5 月 28 日在 巨潮资讯网（www.cninfo.com.cn）及指定媒体披露的《牧原食品股份有限公司关 于向香港联交所递交境外上市外资股（H 股）发行并上市的申请并刊发申请资料 的公告》（公告编号：2025-053）。 2025 年 11 月 27 日，公司收到中国证券监督管理委员会（以下简称"中国 证监会"）出具的《关于牧原食品股份 ...

Core Viewpoint - The company is actively responding to national policies on pig production capacity regulation by reducing the number of breeding sows and eliminating low-yield sows, thereby contributing to the stability and healthy development of the pig industry [1] Group 1: Company Actions - The company has reduced its breeding sow inventory to 3.232 million heads by the end of December [1] - The company is taking the lead in capacity regulation and is committed to fulfilling its social responsibilities [1] Group 2: Industry Impact - The company's actions are aimed at supporting the stable and healthy development of the pig industry [1]

Core Viewpoint - The company is actively responding to national policies on pig production capacity regulation by reducing the number of breeding sows and eliminating low-yield sows, thereby contributing to the stability and healthy development of the pig industry [1] Group 1 - The company has reduced its breeding sow inventory to 3.232 million heads by the end of December [1] - The company is taking a leading role in capacity regulation and is committed to fulfilling its social responsibilities [1] - The actions taken by the company are aimed at supporting the stable and healthy development of the pig industry [1]

Investment Rating - Industry Rating: Recommended [3] Core Insights - The pork price is rising due to the peak consumption season, and there is an expectation for accelerated destocking after the holiday [2][12] - The Ministry of Agriculture and Rural Affairs emphasizes the importance of agricultural modernization and the commercialization of genetically modified crops to enhance yield and self-sufficiency [1][11] - The report highlights the profitability recovery in pig farming, with self-breeding and purchased piglets turning profitable, indicating a short-term challenge for capacity destocking [2][12] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs is supporting Shandong Province in enhancing grain production and agricultural modernization, focusing on rural revitalization and technological innovation [1][11] - Key recommended stocks in the planting sector include Beidahuang and Suqian Agricultural Development, with a focus on leading seed companies like Dabeinong and Longping High-Tech [1][11] Swine Farming - The average price of live pigs is 12.72 CNY/kg, with a week-on-week increase of 1.26%. The number of breeding sows is 39.9 million, showing a decrease of 1.1% month-on-month and 2.1% year-on-year [2][12] - The report suggests focusing on companies with significant cost improvements and high future output elasticity, including stocks like Muyuan Foods and Wens Foodstuffs [2][12] Key Agricultural Product Data Tracking - Corn: The average price is 2359.57 CNY/ton, with a week-on-week increase of 0.26% [24] - Wheat: The average price is 2513.57 CNY/ton, remaining stable week-on-week [27] - Soybeans: The average price is 4053.16 CNY/ton, with a slight increase of 0.12% [38] - Cotton: The average price is 15640.00 CNY/ton, with a week-on-week increase of 0.18% [43]

Investment Rating - Industry rating: Recommended [3] Core Insights - The pork price is rising due to the peak consumption season, and there is an expectation for accelerated destocking after the holiday [2][12] - The Ministry of Agriculture and Rural Affairs emphasizes the importance of agricultural modernization and the commercialization of genetically modified crops to enhance yield and self-sufficiency [1][11] - The report highlights the profitability recovery in pig farming, with self-breeding and purchased piglets turning profitable, indicating a short-term challenge for capacity destocking [2][12] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs is supporting Shandong province in enhancing grain production and agricultural modernization, focusing on technology and innovation [1][11] - Key recommended stocks in the planting sector include Beidahuang and Suqian Agricultural Development, with a focus on genetically modified seed companies like Dabeinong and Longping High-Tech [1][11] Swine Farming - The average price of live pigs is 12.72 CNY/kg, with a week-on-week increase of 1.26% [2][12] - The number of breeding sows is 39.9 million, showing a decrease of 1.1% month-on-month and 2.1% year-on-year, indicating a steady adjustment in production capacity [2][12] - Recommended stocks in the swine sector include Muyuan Foods, WH Group, and others, with a focus on companies that show significant cost improvements and high future output elasticity [2][12]

Core Viewpoint - The company, Muyuan Foods Co., Ltd., is a leading technology-driven pork producer and has submitted its prospectus for an IPO, with a focus on vertical integration across the entire pork supply chain [1] Group 1: Company Overview - Muyuan Foods is recognized as the world's largest pig farming enterprise based on production capacity and output since 2021, maintaining the highest pig output globally for four consecutive years [1] - The company's global market share in pig output has increased from 2.6% in 2021 to 5.6% in 2024, surpassing the combined market share of the second to fourth largest competitors [1] Group 2: Business Expansion - Since 2019, the company has expanded into the pork slaughtering and meat processing business to enhance its operational advantages across the entire supply chain [1] - According to Frost & Sullivan, Muyuan Foods ranks fifth globally and first in China in terms of slaughtering and meat processing by the number of pigs slaughtered in 2024 [1] - The revenue compound annual growth rate (CAGR) of the company's slaughtering and meat processing business from 2021 to 2024 is the highest among large Chinese competitors [1]