Investment Rating - The report suggests a neutral investment rating for the agricultural sector, indicating that the expected changes in the industry will be relatively stable compared to the broader market [70]. Core Insights - The agricultural sector index has underperformed compared to the Shanghai Composite Index, with a weekly decline of 4.50% [13]. - The report highlights ongoing pressures in the pig farming industry, with prices expected to continue declining due to supply-side pressures and a potential increase in slaughter volumes [3][21]. - In poultry farming, while white feather chicken prices remain under pressure, yellow feather chicken prices have shown resilience due to improved downstream demand [4][35]. - The beef market is anticipated to see price increases as it enters the consumption peak season, while dairy cow inventories are decreasing, indicating a potential recovery in milk prices [5][39][42]. - The planting sector is experiencing tight supply and demand dynamics, with corn prices showing slight upward movement amid external uncertainties [6][45][46]. - Feed prices have stabilized, and the aquaculture sector is showing signs of improvement in pricing [56]. Summary by Sections 1. Market Review - The agricultural index closed at 2928.56 points, down 4.50% week-on-week, underperforming the Shanghai Composite Index [13][14]. 2. Key Data Tracking 2.1 Pig Farming - The average price of live pigs is 9.90 yuan/kg, with a weekly decline of 1.79%. The average weight of pigs at slaughter is 128.62 kg, indicating a slight increase [21][22]. - The report anticipates further price declines in the short term due to supply pressures and ongoing losses in the sector [3][22]. 2.2 Poultry Farming - The average price for white feather chickens is 7.33 yuan/kg, showing a weekly increase of 1.66%. The profitability of parent stock and broiler chickens has improved slightly [34][35]. 2.3 Livestock - Live cattle prices in Shandong are 27.03 yuan/kg, with a year-on-year increase of 13.86%. The report expects beef prices to rise as the consumption season approaches [5][40][42]. 2.4 Planting Industry - Domestic corn prices are 2332.86 yuan/ton, with a slight increase of 0.18% week-on-week. The report notes potential improvements in the planting sector if there are significant reductions in grain production [6][45][46]. 2.5 Feed & Aquaculture - Feed prices for fattening pigs are 3.36 yuan/kg, showing a weekly increase of 0.30%. Aquaculture prices for various species have remained stable [56].

| 证券代码：002982 | 证券简称：湘佳股份 | 公告编号：2026-010 | | --- | --- | --- | | 债券代码：127060 | 债券简称：湘佳转债 | | 月份 活禽销量（万只） 销售收入（万元） 活禽销售均价 （元/公斤） 当月 当年累计 当月 当年累计 2025 年 2 月 384.00 782.70 7,151.50 15,334.24 8.72 2025 年 3 月 377.73 1,160.43 7,165.81 22,500.05 9.38 2025 年 4 月 443.67 1,604.10 8,070.27 30,570.32 9.26 2025 年 5 月 413.53 2,017.63 7,286.27 37,856.59 9.06 2025 年 6 月 429.80 2,447.43 6,817.82 44,674.41 8.03 2025 年 7 月 370.73 2,818.16 5,079.06 49,753.47 7.85 2025 年 8 月 348.59 3,166.75 7,458.79 57,212.26 10.70 2025 年 9 月 ...

Group 1 - The core viewpoint of the article highlights that three Chinese A-share breeding companies reported positive year-on-year sales growth for January, with the highest increase exceeding 25% [1] Group 2 - Company Luoniushan reported sales of 59,100 pigs in January 2026, with a month-on-month increase of 0.93% and a year-on-year increase of 50.72%. The sales revenue was approximately 103 million yuan, reflecting a month-on-month growth of 3.55% and a year-on-year growth of 25.03% [1] - The increase in sales volume for Luoniushan was attributed to heightened customer demand ahead of the Spring Festival and an increase in the number of market pigs sold [1] Group 3 - Company Zhengbang Technology reported sales of 927,500 pigs in January 2026, including 530,500 piglets and 397,000 market pigs, marking a year-on-year increase of 62.33%. The sales revenue reached 816 million yuan, up 19.69% year-on-year [1] - The significant year-on-year increase in sales volume for Zhengbang Technology was primarily due to the gradual recovery of the company's business [1] Group 4 - Company Xiangjia announced sales of 4.0327 million live poultry in January, with sales revenue of approximately 9.03498 million yuan, representing year-on-year growth of 1.15% and 10.42%, respectively [1]

Group 1 - XianDao Intelligent has set the final price for its H-share public offering at HKD 45.8 per share, with expected listing on February 11, 2026 [1] - Jida Communication is a candidate for a project with China Mobile, with an estimated service fee of approximately CNY 51.04 million [2] - Bowei Alloy's controlling shareholder plans to increase holdings by CNY 100 million to 150 million from February 10 to August 9, 2026 [3] Group 2 - Xiamen Airport reported 16,368 aircraft takeoffs and landings in January 2026, a year-on-year decrease of 4.82%, with passenger throughput of 2.38 million, down 3.84% [4] - Yitong Century has won a bid for a project worth CNY 107 million, providing comprehensive maintenance services for China Tower [5] - Huayi Brothers' controlling shareholder's 70 million shares are subject to judicial auction, representing 42.89% of his holdings and 2.52% of the company's total shares [6] Group 3 - Lianhuan Pharmaceutical received approval for the sale of Tadalafil tablets (20mg) in Ghana [7] - Aonong Biological reported a pig sales volume of 166,600 in January 2026, a year-on-year increase of 35.36% [8] - Xiantan Co. achieved chicken product sales revenue of CNY 546 million in January 2026, a year-on-year increase of 54.9% [9] Group 4 - Zhengbang Technology reported a January sales revenue of CNY 816 million from pig sales, a year-on-year increase of 19.69% [10] - Qianjin Pharmaceutical's net profit for 2025 grew by 24.74% to CNY 288 million [11] - Xinhua Pharmaceutical received a drug registration certificate for glucosamine sulfate capsules [12] Group 5 - Yuandong Bio completed the first dosing of its EP-0210 monoclonal antibody in a Phase I clinical trial for inflammatory bowel disease [13] - Jiaokong Technology signed a contract for the Sydney Metro West Line signal system subcontracting project worth AUD 93.53 million [14] - Dangsheng Technology signed a strategic cooperation framework agreement with Huineng Technology in solid-state batteries and the new energy industry [15] Group 6 - Jinhui Co. plans to acquire 100% of Fusheng Mining for CNY 210 million [16] - Cangzhou Mingzhu announced Guangzhou Light Industry as its new controlling shareholder after a share transfer [17] - Dingxin Technology's vice president was fined CNY 120,000 for short-term trading [18][19] Group 7 - China Modern Pharmaceutical's subsidiary passed a GMP compliance inspection for its production line [20] - Chaosheng Electronics plans to increase capital by CNY 400 million in its subsidiary to enhance competitiveness [21] - Lonyu Mountain reported a 25.03% year-on-year increase in pig sales revenue in January 2026 [22] Group 8 - Sanbo Brain Science's chairman has been released from investigation, and the company is operating normally [23] - Hainan Mining is planning to acquire control of Luoyang Fengrui Fluorine Industry and will resume trading on February 10, 2026 [24] - Dongwei Technology's net profit for 2025 increased by 86.81% [25] Group 9 - Yuanjie Technology plans to invest CNY 1.251 billion in a semiconductor chip and device R&D production base [26] - Metro Design signed a contract for an energy management project with Guangzhou Metro Group worth CNY 924 million [27] - Zhongmin Energy intends to acquire 51% of Fujian Yongtai Mintou Pumped Storage Co. for CNY 864 million [28] Group 10 - Dianzhi Technology plans to repurchase shares worth CNY 100 million to 200 million [29] - China Baoan was not selected as a restructuring investor for the Singshan Group [30] - Zhiguang Electric's subsidiary signed a CNY 1.004 billion contract for energy storage systems [31] Group 11 - Zhifei Biological received approval for a clinical trial of its herpes zoster vaccine [32] - KQ Bio received a new veterinary drug registration certificate for a vaccine against porcine circovirus type 2 [33] - Huanxu Electronics reported a 4% year-on-year increase in consolidated revenue for January 2026 [34] Group 12 - Xiangjia Co. reported a 10.42% year-on-year increase in live poultry sales revenue in January 2026 [35] - Kemin Foods' subsidiary reported a 68.29% year-on-year increase in pig sales revenue in January 2026 [36] - Liyuan Technology signed a procurement contract worth CNY 54.98 million [37] Group 13 - Jiuqiang Bio received a medical device registration certificate for a fibrin degradation product detection kit [38] - Zhongguancun's subsidiary passed the consistency evaluation for Tramadol Hydrochloride tablets [39] - Rundou Co. received a drug registration certificate for Candesartan Etil [40]

Core Viewpoint - Xiangjia Co., Ltd. (002982.SZ) reported a sales revenue of 90.35 million yuan from live poultry in January 2026, indicating a decrease in sales volume and revenue compared to the previous month and a slight increase year-on-year [1] Group 1: Sales Performance - The company sold 4.03 million live poultry in January 2026, reflecting a month-on-month decrease of 9.22% [1] - The sales revenue for January 2026 was 90.35 million yuan, which is a month-on-month decline of 13.38% [1] - The average selling price was 10.16 yuan per kilogram, showing a month-on-month decrease of 5.17% [1] Group 2: Year-on-Year Comparison - Year-on-year, the sales volume increased by 1.15% compared to January 2025 [1] - The year-on-year sales revenue showed a growth of 10.42% [1] - The average selling price increased by 4.71% year-on-year [1]

Core Viewpoint - Xiangjia Co., Ltd. (002982.SZ) reported its live poultry sales for January 2026, indicating a decline in sales volume and revenue compared to the previous month, while showing year-on-year growth in all metrics [1] Group 1: Sales Performance - The company sold 4.0327 million live poultry in January 2026 [1] - The sales revenue for January 2026 was 90.3498 million yuan [1] - The average selling price was 10.16 yuan per kilogram [1] Group 2: Month-on-Month Changes - Month-on-month sales volume decreased by 9.22% [1] - Month-on-month sales revenue decreased by 13.38% [1] - Month-on-month average selling price decreased by 5.17% [1] Group 3: Year-on-Year Changes - Year-on-year sales volume increased by 1.15% [1] - Year-on-year sales revenue increased by 10.42% [1] - Year-on-year average selling price increased by 4.71% [1]

Core Viewpoint - Xiangjia Co., Ltd. (002982.SZ) reported its live poultry sales for January 2026, indicating a decline in sales volume and revenue compared to the previous month, while showing year-on-year growth in both metrics [1] Group 1: Sales Performance - The company sold 4.0327 million live poultry in January 2026 [1] - The sales revenue for January 2026 was 90.3498 million yuan [1] - The average selling price was 10.16 yuan per kilogram [1] Group 2: Month-on-Month Changes - Month-on-month sales volume decreased by 9.22% [1] - Month-on-month sales revenue decreased by 13.38% [1] - Month-on-month average selling price decreased by 5.17% [1] Group 3: Year-on-Year Changes - Year-on-year sales volume increased by 1.15% [1] - Year-on-year sales revenue increased by 10.42% [1] - Year-on-year average selling price increased by 4.71% [1]

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。 一、2026 年 1 月份活禽销售情况 | 证券代码：002982 | 证券简称：湘佳股份 | 公告编号：2026-009 | | --- | --- | --- | | 债券代码：127060 | 债券简称：湘佳转债 | | 湖南湘佳牧业股份有限公司 2026 年 1 月份活禽销售情况简报 特此公告。 湖南湘佳牧业股份有限公司董事会 湖南湘佳牧业股份有限公司（以下简称"公司"）2026 年 1 月份销售活禽 403.27 万只，销售收入 9,034.98 万元，销售均价 10.16 元/公斤，环比变动分 别为-9.22%、-13.38%、-5.17%，同比变动分别为 1.15%、10.42%、4.71%。 2026 年 2 月 10 日 1、上述财务数据均未经审计，可能与公司定期报告披露的数据存在一定差 异，敬请广大投资者谨慎决策，注意投资风险。 2、上述披露仅包含公司活禽销售情况，不包含其他业务。 3 、 公 司 指 定 的 信 息 披 露 媒 体 为 《 证 券 时 报 》 以 及 巨 潮 资 讯 网 （w ...

Group 1 - The company announced that in January 2026, it sold 4.0327 million live poultry, generating a sales revenue of 90.3498 million yuan, with an average selling price of 10.16 yuan per kilogram [1] - Month-on-month changes in sales volume, revenue, and average price were -9.22%, -13.38%, and -5.17% respectively [1] - Year-on-year changes in sales volume, revenue, and average price were 1.15%, 10.42%, and 4.71% respectively [1]

Group 1 - The company Xiangjia Co., Ltd. announced that its 21st meeting of the 5th board of directors was held on February 6, 2026, both in person and via communication [1] - The meeting reviewed the proposal regarding providing a maximum guarantee for bank loans for its wholly-owned subsidiary [1]