Investment Rating - The industry investment rating is "Overweight" indicating that the industry is expected to outperform the overall market [4][44]. Core Insights - The report highlights a significant decline in pig prices leading to accelerated capacity reduction in the breeding sector, suggesting a left-side investment opportunity in pig farming [4][5]. - The report emphasizes the potential of the artificial cultivation of Cordyceps sinensis, with a market size exceeding 30 billion, and suggests focusing on companies involved in this sector [4][5]. - The report also notes that the pet food sector is experiencing a positive trend, with a year-on-year increase in online sales [4][5]. Summary by Sections Pig Farming - The report indicates that pig prices are currently fluctuating at a low level, with a national average selling price of 11.41 yuan/kg as of December 21, reflecting a week-on-week decrease of 1.1% [4]. - Breeding farms are facing continuous losses, with average losses per head reaching approximately 101.5 yuan for farms with fewer than 50 sows and 119.8 yuan for larger farms [4][5]. - The report recommends focusing on companies such as Muyuan Foods, Wens Foodstuff, and DeKang Agriculture for potential investment opportunities [4][5]. Pet Food Sector - The pet food industry has shown resilience, with a year-on-year growth of 17% in online sales during October and November, totaling 7.02 billion yuan [4][5]. - Specific companies like GuaiBao Pet and ZhongChong Co. have reported significant growth rates in their sales [4][5]. Chicken Farming - The report notes a rebound in the prices of white feather broilers, with the average selling price for broiler chicks at 3.39 yuan each, reflecting a week-on-week increase of 1.80% [4][5]. - The report suggests that the supply of broilers will remain ample, and it is essential to focus on leading companies in the sector [4][5]. Investment Recommendations - The report recommends a left-side investment strategy in the pig farming sector due to ongoing losses and capacity reduction [4][5]. - It also suggests monitoring the artificial cultivation of Cordyceps and the pet food market for potential investment opportunities [4][5].

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The report indicates that the pig price is supported by both supply and demand factors as the year-end approaches, with expectations for an upward trend in prices before the Spring Festival [3][4] - The report highlights that the pig farming sector is experiencing losses, which may accelerate the reduction of stock, while the pet sector is seeing a rise in domestic brands due to consumption upgrades and tariff barriers [5][29] Summary by Sections Weekly Observation - As of December 21, 2025, the national average price of live pigs is 11.41 yuan/kg, with a week-on-week decrease of 0.15 yuan/kg and a year-on-year decrease of 3.71 yuan/kg [3][13] - The average weight of pigs sold is 130.18 kg per head, with a week-on-week increase of 0.55 kg [3][13] - The supply of pork may be tight leading up to the Spring Festival, with expectations for prices to rise [3][13] Weekly Insights - The pig farming sector is facing increasing losses, and the reduction of stock may accelerate due to various factors including policy and disease [5][24] - Recommendations include companies such as Muyuan Foods, Wens Foodstuff Group, and others in the pig farming sector [5][24] Market Performance (December 15-19) - The agricultural index increased by 0.87%, outperforming the market by 0.84 percentage points [6][30] - Leading stocks include Zhongxing Junye (+18.42%), Xibu Muye (+14.64%), and Xiwang Food (+13.84%) [6][30] Price Tracking (December 15-19) - The average price of live pigs is 11.58 yuan/kg, with a week-on-week increase of 0.10 yuan/kg [7][37] - The average price of piglets is 19.02 yuan/kg, with a slight decrease of 0.02 yuan/kg [7][37] - The average price of white feathered chickens is 7.35 yuan/kg, with a week-on-week increase of 0.27 yuan/kg [7][37] Key News (December 15-19) - The Ministry of Commerce announced anti-dumping duties on imported pork and related products from the EU starting December 17, 2025 [35]

Group 1 - The company has approved participation in a bidding for a 10-year lease of a factory located at No. 1 Guangming Road, Linxi County, Xingtai City, Hebei Province [2] - The company won the bidding with an annual rental price of 13.2 million yuan for the first year [3] - The purpose of the bidding is to expand the company's strategic development and meet project construction reserve needs, with the leased asset being vacant, facilitating quick project implementation [4] Group 2 - The rental payments will be made in installments and are not expected to significantly impact the company's financial status or operating results [4] - The bidding process was conducted publicly and fairly, ensuring no harm to the interests of the company and its shareholders [4] - The company will continue to monitor the progress of this matter and fulfill its information disclosure obligations as required [5]

Investment Rating - The report maintains a "Positive" investment rating for the Cordyceps industry, indicating optimism about its growth potential and market opportunities [2]. Core Insights - The Cordyceps industry is characterized by a market size exceeding 30 billion, with a gradual decline in natural production due to environmental changes and overharvesting. The demand for Cordyceps remains stable, while artificial cultivation technologies are advancing, potentially replacing some natural supply [6][7]. - The report highlights that artificial Cordyceps cultivation has made significant technological breakthroughs, allowing for standardized production and the potential to meet market demand more effectively [6][7]. Summary by Sections 1. Overview of Cordyceps - Cordyceps is a rare medicinal fungus primarily found in China, with over 98% of global production originating from the Tibetan Plateau. The natural growth cycle takes approximately 2-3 years [5][17]. - The fungus is known for its health benefits, including immune system regulation and anti-fatigue properties, making it a valuable medicinal resource [5][24]. 2. Industry Status - The natural production of Cordyceps has been declining, with current annual output around 200 tons, while the market size is estimated at approximately 30 billion. The main production areas are Qinghai and Tibet, which together account for over 80% of the total output [28][30]. - Historical data shows that production has decreased from over 1,000 tons in the 1950s to about 200 tons in the 21st century, with prices experiencing significant fluctuations over the decades [28][36]. 3. Artificial Cultivation - Recent advancements in artificial cultivation techniques have opened new avenues for production, with three main methods identified: factory-based cultivation simulating high-altitude conditions, artificial infection of adult insects followed by outdoor rearing, and semi-wild cultivation with minimal intervention [41][44]. - The report notes that while the industry is still in its early stages of industrialization, companies like Dongyangguang have successfully achieved stable production, with significant investments from other players like Zhongxing Junye [6][41]. 4. Competitive Landscape - The market is currently dominated by a few key players, with significant concentration of production capacity. Companies are actively investing in artificial cultivation, indicating a shift towards more sustainable supply sources [6][7]. - The report emphasizes that the entry of edible mushroom companies into the Cordyceps cultivation space is expected to enhance competition but will have a limited impact on pricing in the short term due to the high technical barriers [8].

证券代码：002772 证券简称：众兴菌业 公告编号：2025-08 3 天水众兴菌业科技股份有限公司 三、本次竞拍的目的和对公司的影响 公司本次参与资产租赁竞拍是为了进一步拓展发展战略规划，满足项目建设 储备需求。本次竞拍资产租金分期支付，不会对公司财务状况和经营成果产生重 大不利影响，且本次竞拍为公开竞拍，遵循公平合理原则，不存在损害公司及全 体股东利益的情形。本次竞拍标的厂房状态为空置，有利于公司快速实施项目改 造，满足项目建设需求，同时该标的资产可长期用于公司食（药）用菌项目经营， 有利于满足公司及子公司业务发展的需求。 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 二、竞拍进展情况 2025 年 12 月 18 日，公司收到上海交易集团有限公司不动产租赁平台出具 的《竞价结果通知》，公司以 1,320 万元/年（第一年）的租金报价成为河北省邢 台市临西县光明路 1 号厂房 10 年租赁权项目的承租方。 四、其他事项说明 1/2 《竞价结果通知》不作为公开招租完成的最终依据。同时本事项尚需根据招 租公告的约定办理后续手续，如签署相关协议等，具体内容以 ...

从资金流向上来看，当日种植业板块主力资金净流出1.36亿元，游资资金净流出53.9万元，散户资金净 流入1.37亿元。种植业板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，12月18日种植业板块较上一交易日上涨0.03%，众兴菌业领涨。当日上证指数报收于 3876.37，上涨0.16%。深证成指报收于13053.98，下跌1.29%。种植业板块个股涨跌见下表： ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002772证券简称：众兴菌业 公告编号：2025-081 天水众兴菌业科技股份有限公司 第五届董事会第二十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、董事会会议召开情况 天水众兴菌业科技股份有限公司（以下简称"公司"）第五届董事会第二十次会议于2025年12月17日在公 司会议室以通讯方式召开。本次会议由公司董事长高博书先生主持，会议通知已于2025年12月13日以电 子邮件方式送达给全体董事和高级管理人员。本次会议应出席董事9人，实际出席董事9人，公司高级管 理人员列席了本次会议。 本次会议的召开程序符合《公司法》等法律法规和《公司章程》等的有关规定。 表决结果：通过 本议案在提交董事会审议前，已经公司董事会战略委员会审议通过。 公司董事会授权公司总经理全权办理与本次资产租赁竞拍有关的全部事宜（包括但不限于在董事会授权 范围内根据竞拍情况确定价格，并办理相关手续、签署相关协议等）。 《关于参与资产租赁竞拍的公告》（公告编号：2025-082）详见公司指定的信息披露媒体《证券 ...

（文章来源：证券日报） 证券日报网讯 12月17日晚间，众兴菌业发布公告称，公司第五届董事会第二十次会议审议通过《关于 拟参与资产租赁竞拍的议案》。 ...

格隆汇12月17日丨众兴菌业(002772.SZ)公布，公司根据发展战略规划和项目建设储备需求，2025年12 月17日召开第五届董事会第二十次会议审议通过了《关于拟参与资产租赁竞拍的议案》。河北九道菇生 物科技有限公司在上海交易集团有限公司不动产租赁平台公开挂牌招租，招租标的为河北省邢台市临西 县光明路1号厂房10年租赁权，董事会同意公司参与此次竞拍。 ...

天水众兴菌业科技股份有限公司 证券代码：002772 证券简称：众兴菌业 公告编号：2025-082 关于参与资产租赁竞拍的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 天水众兴菌业科技股份有限公司（以下简称"公司"）于 2025 年 12 月 17 日召开第五届董事会第二十次会议审议通过了《关于拟参与资产租赁竞拍的议 案》，现将具体情况公告如下： 一、交易事项概述 公司根据发展战略规划和项目建设储备需求，2025 年 12 月 17 日召开第五 届董事会第二十次会议审议通过了《关于拟参与资产租赁竞拍的议案》。河北九 道菇生物科技有限公司在上海交易集团有限公司不动产租赁平台公开挂牌招租， 招租标的为河北省邢台市临西县光明路 1 号厂房 10 年租赁权，董事会同意公司 参与此次竞拍。 公司董事会授权公司总经理全权办理与本次资产租赁竞拍有关的全部事宜 （包括但不限于在董事会授权范围内根据竞拍情况确定价格，并办理相关手续、 签署相关协议等）。 本次拟交易事项不构成《上市公司重大资产重组管理办法》规定的重大资产 重组，亦不构成关联交易。根据《深圳证券交易所股票 ...