华统股份（002840）公告，2025年6月份，公司生猪销售数量20.04万头，环比变动0.12%，同比下降 2.58%。生猪销售收入3.48亿元，环比下降3.60%，同比下降19.81%。商品猪销售均价14.2元/公斤，较 2025年5月份下降2.07%。鸡销售数量87.12万只，环比下降5.19%，同比下降10.63%。鸡销售收入 1243.15万元，环比下降17.08%，同比下降24.53%。上述销售数据未经审计。 ...

证券代码：002840 证券简称：华统股份 公告编号：2025-087 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。 浙江华统肉制品股份有限公司 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日至2025年6月30日 2、业绩预告情况：□亏损 ☑扭亏为盈 □同向上升 □同向下降 | 项 目 | | 本报告期 | | 上年同期 | | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | 盈利：7,500 | 万元~9,000 | 万元 | 亏损：11,905.69 万元 | | 扣除非经常性损 益后的净利润 | 盈利：6,000 | 万元~7,800 | 万元 | 亏损：12,638.23 万元 | | 基本每股收益 | 盈利：0.09 | 元/股~0.11 | 元/股 | 亏损：0.20 元/股 | 二、与会计师事务所沟通情况 本次业绩预告未经注册会计师预审计。 三、业绩变动原因说明 报告期内，公司生猪养殖成本稳步下降，生猪养殖业务实现盈利。 2025 年半年度业绩预告 商品猪市场价格的大幅波动（下降或 ...

Investment Rating - The industry investment rating is maintained as "Increase" for the agricultural sector [6] Core Viewpoints - The agricultural sector outperformed the market by 1.01 percentage points during the week of June 30 to July 4, 2025, with a weekly increase of 2.55% [15][17] - The pig farming sector is highlighted as a key investment opportunity due to the recovery of breeding profits and the ongoing rise in pig prices [4][2] - The report emphasizes the importance of cost control for listed pig farming companies to navigate the pig cycle effectively [4] Summary by Sections Market Review - The agricultural sector index closed at 2,729.26, ranking 7th among 31 first-level industries in terms of weekly performance [15][17] - The fishery sector showed the best performance with a 5.13% increase, followed by breeding, agricultural product processing, feed, and planting sectors with respective increases of 3.12%, 2.96%, 2.30%, and 1.63% [17][19] Industry Dynamics - Pig prices continued to rise, with the national average price reaching 15.35 yuan/kg, a week-on-week increase of 4.28% [2] - Self-breeding profits increased to 119.72 yuan/head, while external piglet breeding profits improved to -26.26 yuan/head [2] - In the poultry sector, chicken prices remained under pressure due to high inventory levels, with broiler chick prices dropping to 1.36 yuan/chick, a 20% decrease week-on-week [2] Agricultural Products - Prices for wheat, corn, and soybean meal showed a week-on-week increase, with wheat averaging 2,451.06 yuan/ton (up 0.19%), corn at 2,367.14 yuan/ton (up 0.61%), and soybean meal at 2,928.00 yuan/ton (up 0.76%) [3][34] Investment Recommendations - The report suggests focusing on the pig farming sector, particularly companies with strong cost control such as Muyuan Foods, Wens Foodstuff Group, and others [4] - In the poultry sector, it recommends looking at integrated industry leaders like Shennong Development and Lihua Stock for yellow feathered chickens [4] - For feed, it highlights industry leaders like Haida Group and regional leaders like Hefeng Stock as beneficiaries of the recovery in livestock demand [4] - The report also emphasizes the importance of food security, recommending companies like Suqian Agricultural Development and Beidahuang [4]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The supply contraction and macroeconomic catalysts are expected to provide strong support for pig prices in Q3 2025. The average selling price of pigs on July 4 was 15.37 yuan/kg, reflecting a week-on-week increase of 0.71 yuan/kg and a 4.84% rise [12][13] - The central economic committee's recent meeting emphasized the need to promote high-quality development of the marine economy, which is expected to benefit the aquaculture sector [21][36] - The agricultural index outperformed the market by 1.14 percentage points during the week of June 27 to July 4, with the agricultural index rising by 2.55% compared to a 1.40% increase in the Shanghai Composite Index [32][34] Summary by Sections Supply and Demand Dynamics - The average daily slaughter volume of pigs was 133,800 heads, a decrease of 7,300 heads from the previous week, indicating a seasonal decline in demand due to rising temperatures [12] - The supply side continues to contract due to previous over-culling and losses from piglets after the Spring Festival, which is expected to support prices [12] Price Trends - The average price of pigs increased to 15.35 yuan/kg, with a week-on-week rise of 0.63 yuan/kg. The price of piglets decreased to 31.33 yuan/kg, down by 0.27 yuan/kg [6][39] - The price of corn increased to 2,511 yuan/ton, reflecting a week-on-week increase of 8 yuan/ton, while soybean meal prices decreased to 2,926 yuan/ton, down by 27 yuan/ton [4][16] Investment Recommendations - The report recommends investing in companies such as Muyuan Foods, Wens Foodstuff Group, and New Hope Liuhe, which are expected to benefit from the improving investment logic in the pig sector [27] - In the feed sector, companies like Haida Group and New Hope are recommended due to domestic market benefits and strong overseas demand [27] Market Performance - The aquaculture sector led the market gains, with stocks like Guolian Aquatic Products rising by 12.22%, Shennong Technology by 7.31%, and Dongrui Co. by 6.92% during the week [32][35]

证券代码：002840 证券简称：华统股份 公告编号：2025-086 浙江华统肉制品股份有限公司 关于与专业投资机构共同投资的进展公告 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、对外投资概述 为进一步优化资本结构、提升资金运作效率及效益，公司以零对价受让华统 集团有限公司持有的黄山供赢华统股权投资合伙企业（有限合伙）（以下简称"供 赢基金"）30%的财产份额（对应认缴出资人民币 30,000 万元，未实缴出资）。基 金规模为 100,000 万元，其中公司作为有限合伙人拟以自有或自筹资金认缴 30,000 万元，认缴出资占比为 30%。公司已与各相关方签署了《黄山供赢华统股 权投资合伙企业(有限合伙)私募基金份额转让协议》、《黄山供赢华统股权投资合 伙企业（有限合伙）合伙协议》。具体内容详见公司于 2025 年 6 月 3 日、2025 年 6 月 6 日在巨潮资讯网（www.cninfo.com.cn）、《证券时报》、《证券日报》及《中 国证券报》上披露的《关于公司拟受让股权投资基金 30%份额暨关联交易的公 告》、《关于与专业投资机构共同投资的 ...

Investment Rating - The industry investment rating is maintained as "Add" [6] Core Views - The agricultural sector underperformed the market by 1.15 percentage points during the week of June 23-27, 2025, with the Shenwan Agricultural Index closing at 2,661.46, reflecting a weekly increase of 0.80% [1][16] - The pig farming sector shows a bullish sentiment with pig prices continuing to rebound, reaching an average price of 14.72 CNY/kg, a week-on-week increase of 3.52% [2] - The poultry sector is facing downward pressure, with broiler prices remaining low due to high inventory levels in the downstream slaughtering sector [2] - Grain prices such as wheat and corn have seen slight increases, while soybean meal prices have decreased due to increased supply from oil mills [3] Summary by Sections 1. Market Review - The agricultural sector's weekly performance ranked 25th among 31 Shenwan first-level industries, with the fishery sector performing the best with a 4.90% increase [1][18] - The animal health, agricultural product processing, planting, and breeding sectors also saw increases of 3.13%, 2.10%, 1.44%, and 0.28% respectively, while the feed sector declined by 0.32% [1][18] 2. Industry Key Data 2.1 Pig Farming - The average profit for self-bred pigs is 50.25 CNY/head, up 30.84 CNY/head week-on-week, while the profit for purchased piglets is -131.71 CNY/head, an increase of 55.08 CNY/head week-on-week [2][24] 2.2 Poultry - The average price of broiler chicks is 1.70 CNY/chick, down 8.60% week-on-week, and the average price of white feather broilers is 7.01 CNY/kg, down 1.54% week-on-week [2][32] 2.3 Agricultural Products - The average price of wheat is 2,446.39 CNY/ton, up 0.19% week-on-week, and corn is 2,352.86 CNY/ton, up 0.43% week-on-week. Soybean meal prices have decreased to a range of 2,900-3,100 CNY/ton [3][35] 3. Investment Recommendations - The report suggests focusing on investment opportunities in the planting industry chain due to increasing geopolitical tensions affecting food security [4] - For pig farming, companies with strong cost control or clear cost reduction paths are recommended, including Muyuan Foods, Wens Foodstuff Group, and others [4] - In the poultry sector, attention is drawn to integrated industry leaders like Shengnong Development and Lihua Stock for their stable capacity expansion and cost advantages [4] - The feed sector is expected to benefit from the recovery of livestock inventory, with recommendations for industry leaders like Haida Group and Hefeng Stock [4] - For agricultural products, companies like Suqian Agricultural Development and Beidahuang are highlighted for their relevance to food security [4]

Investment Rating - The investment rating for the agriculture, forestry, animal husbandry, and fishery industry is "Positive" (maintained) [1] Core Views - The supply contraction has reached a point where the average price of live pigs is expected to rise, with the national average price at 14.74 yuan/kg as of June 29, 2025, showing a week-on-week increase of 0.45 yuan/kg but a year-on-year decrease of 3.17% [4][13] - The profit of pig farming enterprises is expected to maintain high growth year-on-year in Q2 2025, driven by increased output, heavier average weights, and reduced costs [5][23] - The investment logic for the pig sector is improving due to supply contraction and macroeconomic catalysts, suggesting a positive allocation strategy [6][30] Summary by Sections Weekly Observation - In Q2 2025, the average price of live pigs is projected at 14.55 yuan/kg, a year-on-year decrease of 11.22%, while the cost of pig farming has decreased to 13.38 yuan/kg, a year-on-year decline of 2.92% [5][23] - The average weight of pigs at slaughter has increased to 128.99 kg/head, a year-on-year increase of 2.42%, with a projected year-on-year increase of 34.07% in the total output of 12 major listed pig companies [5][23] Weekly Market Performance - The agricultural index underperformed the broader market by 1.11 percentage points, with the Shanghai Composite Index rising by 1.91% and the agricultural index increasing by 0.80% [34][36] - The aquaculture sector led the gains, with notable increases in individual stocks such as Biological Shares (+9.83%) and Spring Snow Food (+9.82%) [34][38] Price Tracking - As of June 27, 2025, the national average price for live pigs was 14.72 yuan/kg, up 0.50 yuan/kg from the previous week, while the average price for piglets was 31.6 yuan/kg, down 0.25 yuan/kg [41][44] - The feed price ratio for pigs was recorded at 4.38:1, indicating the profitability dynamics in the sector [41] Recommendations - The report recommends actively allocating investments in leading pig companies such as Muyuan Foods, Wens Foodstuff Group, and others, as well as in the feed sector benefiting from strong overseas demand [6][30]

证券代码：002840 证券简称：华统股份 公告编号：2025-085 浙江华统肉制品股份有限公司 关于对外担保的进展公告 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。 特别提示： 1、浙江华统肉制品股份有限公司（以下简称"公司"）实际对外担保余额 为 334,015 万元，超过最近一期经审计净资产的 100%，敬请投资者充分关注担 保风险。 2、本次担保对象浙江华服农业开发有限公司最近一期的资产负债率高于 70%，敬请广大投资者注意投资风险。 一、担保情况概述 （一）担保基本情况 公司于 2025 年 6 月 26 日向新余海合生物科技有限公司出具了《担保函》， 同意为公司全资子公司浙江华服农业开发有限公司（以下简称"华服农业"）与 新余海合生物科技有限公司于 2025 年 5 月 1 日至 2025 年 12 月 31 日期间内签 署的《饲料委托加工合同》约定的义务提供连带责任保证担保，担保金额不超过 100 万元人民币。保证期间为主债务履行期届满后两年内。保证责任范围包括但 不限于债权人为实现债权而发生的诉讼费、保全费、鉴定费、差旅费、律师费等 费用以 ...

注册资本：由"陆亿零伍佰肆拾贰万陆仟叁佰捌拾陆人民币元"变更为"捌亿 零伍佰零陆万贰仟捌佰玖拾叁人民币元"。 证券代码：002840 证券简称：华统股份 公告编号：2025-084 浙江华统肉制品股份有限公司 关于公司完成工商变更登记的公告 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。 浙江华统肉制品股份有限公司（以下简称"公司"）于 2025 年 6 月 18 日召开 2025 年第三次临时股东大会，审议通过了《关于修订<公司章程>及办理相关工 商变更登记的议案》。具体详见 2025 年 6 月 3 日公司刊登于《证券时报》、《证 券日报》、《中国证券报》和巨潮资讯网（http://www.cninfo.com.cn）上的《关于 修订<公司章程>及办理相关工商变更登记的公告》。 近日，公司在浙江省市场监督管理局办理完成了《公司章程》备案及工商变 更登记手续，并于 2025 年 6 月 25 日收到了变更后的《营业执照》。 一、 本次工商变更登记主要事项 二、 此次变更后公司工商登记主要信息如下 1、公司名称：浙江华统肉制品股份有限公司 2、公司类型：股份有 ...

Summary of Huadong Co., Ltd. Conference Call Company Overview - **Company**: Huadong Co., Ltd. - **Year**: 2025 - **Target**: 3 million pigs to be slaughtered in 2025, contingent on regulatory policy implementation [2][5] Key Financial Metrics - **Cost per kg**: - Current: 13.7 CNY/kg, expected to drop to 13 CNY/kg by year-end [2][3][6] - Environmental costs in Zhejiang: ~1 CNY/kg [6] - Costs in Jiangxi: 12.8 CNY/kg, with plans to expand to 1.5 million pigs over three years [2][6] - **Debt Ratio**: - Current: ~60%, expected to decrease to 55%-60% by the end of 2025 [3][4] - Long-term goal: below 50% [4][18] - **Cash Flow**: Positive cash flow from operations, with ample cash reserves post-acquisition [4][17] Cost Reduction Strategies - **Factors for Cost Reduction**: - Decreased environmental costs and depreciation expenses due to new facilities [2][6] - Financial expenses reduced by at least 50 million CNY this year, equating to less than 20 CNY per pig [7][8] - **Production Cost Breakdown**: - Self-raising costs: 12.8 CNY/kg, higher than the 12.8 CNY/kg for the cooperative model [13][14] - Future cost reduction potential: 0.5 CNY/kg in the cooperative model and 0.7 CNY/kg in self-raising [14] Production and Market Strategy - **Production Goals**: - Slaughter volume target: close to 10 million pigs in three years, primarily through partnerships with government or state-owned enterprises [4][27] - **Market Position**: - Strong market presence in Zhejiang with over 50% market share in slaughtering [22] - Focus on maintaining a cautious approach towards brand building in the food sector due to current market conditions [29] Regulatory Environment - **Impact of Regulations**: - Current regulatory policies have not fully manifested; ongoing observation of policy developments is necessary [30] - The ban on secondary fattening has not significantly impacted pig prices, which are currently stable [16][28] Future Outlook - **Pig Price Trends**: - Prices are expected to remain stable, with a low likelihood of falling below 12 CNY/kg [28] - **Expansion Plans**: - Plans to expand into Jiangxi and other regions, with a focus on cooperative farming models [24][27] Additional Insights - **Disease Control**: - Blue ear disease control measures are in early stages but are manageable [10][11] - **Farmer Engagement**: - The company is actively recruiting experienced farmers for future growth [25] This summary encapsulates the key points from the conference call, highlighting the company's operational strategies, financial metrics, and market outlook.