Core Viewpoint - The announcement from Lihua Co., Ltd. (立华股份) indicates a change in shareholder equity due to the reduction of shares by the actual controller and its concerted parties, which has triggered a change in the holding ratio by 1% [1] Shareholder Reduction - The actual controller Cheng Lili and Benteng Livestock reduced their holdings by 8,318,500 shares from July 30, 2025, to August 26, 2025, resulting in a reduction ratio of 0.99% [1] - The weighted average price of Lihua shares during this period was 19.978 yuan per share, leading to a total cash-out of approximately 166.19 million yuan [1] Previous Disclosure - On June 30, 2025, Lihua Co. disclosed a plan for Cheng Lili and Benteng Livestock to reduce their holdings by up to 25,118,000 shares, which represents 3.00% of the company's total share capital [3] - The current reduction aligns with previously disclosed commitments and intentions, and the reduction quantity is within the announced plan [3] Company Background - Lihua Co. was listed on February 18, 2019, with an initial public offering of 41.28 million shares at a price of 29.35 yuan per share [3] - The total funds raised from the IPO amounted to 1.212 billion yuan, with a net amount of 1.150 billion yuan intended for various integrated poultry and feed projects [3] Fundraising and Financials - The total fundraising from the IPO and a 2022 private placement reached 2.482 billion yuan [5] - The issuance costs for the IPO were approximately 61.57 million yuan, with underwriting and sponsorship fees accounting for 36.35 million yuan [4]

Group 1 - The core viewpoint of the articles indicates that Lihua Co., Ltd. has experienced fluctuations in stock price and trading volume, with a recent decline of 2.00% to 20.09 CNY per share, and a total market capitalization of 16.82 billion CNY [1] - Lihua Co., Ltd. has seen a year-to-date stock price increase of 5.96%, with a 3.82% rise over the last five trading days and a 2.81% increase over the last 20 days [2] - The company primarily engages in the production and sales of yellow feather chickens, pigs, and meat geese, with chicken revenue accounting for 75.84% of total revenue, pig revenue at 23.31%, and goose revenue at 0.86% [2] Group 2 - As of June 30, 2025, Lihua Co., Ltd. reported a revenue of 8.353 billion CNY, reflecting a year-on-year growth of 7.02%, while the net profit attributable to shareholders decreased by 74.10% to 149 million CNY [2] - The company has distributed a total of 1.979 billion CNY in dividends since its A-share listing, with 1.030 billion CNY distributed over the past three years [3] - Institutional holdings show that as of June 30, 2025, the top ten circulating shareholders include E Fund's ChiNext ETF, which increased its holdings by 627,700 shares to 7.6594 million shares [3]

限合伙） 常州市天鸣农业技术服务中心（有 限合伙） 常州市聚益农业技术服务中心（有 限合伙） 常州市昊成牧业技术服务中心（有 证券代码：300761 证券简称：立华股份 公告编号：2025-066 江苏立华食品集团股份有限公司 关于股东权益变动触及 1%整数倍的公告 公司实际控制人程立力、实际控制人之一致行动人常州市奔腾牧业技术服务 中心（有限合伙）保证向本公司提供的信息内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 本次权益变动系因江苏立华食品集团股份有限公司（以下简称公司）实际控 制人及其一致行动人通过集中竞价和大宗交易方式减持股份，导致实际控制人及 其一致行动人合计持股比例累计变动触及 1%整数倍。具体公告如下： 信息披露义务人一 程立力 住所 常州市武进区延政西大道 权益变动时间 2025年7月30日-2025年8月26日 信息披露义务人二 常州市奔腾牧业技术服务中心（有限合伙） 住所 常州西太湖科技产业园兰香路8号1号楼201室 权益变动时间 2025年7月30日-2025年8月26日 股票简称 立华股份 ...

Group 1 - The poultry concept sector rose by 2.87%, ranking second in terms of increase among concept sectors, with 20 stocks rising, including Xiaoming Co., Tianma Technology, and Jingji Zhino, which increased by 10.34%, 8.15%, and 6.16% respectively [1][2] - The leading stocks in terms of net inflow of main funds include Xiaoming Co. with a net inflow of 71.28 million yuan, followed by Huadong Co., Tianma Technology, and Tiankang Biological with net inflows of 49.64 million yuan, 47.57 million yuan, and 35.89 million yuan respectively [1][2] - The main fund inflow rates for leading stocks are Huadong Co. at 12.51%, Guanghong Holdings at 11.56%, and Xiaoming Co. at 9.64% [2][3] Group 2 - The overall market performance shows that the poultry sector is gaining traction, with significant interest from main funds, indicating a positive sentiment towards the industry [1][2] - Stocks such as Jinlongyu, Yike Foods, and Shuanghui Development experienced declines of 0.84%, 0.25%, and 0.24% respectively, highlighting some volatility within the sector [1][3] - The trading volume and turnover rates for leading stocks in the poultry sector suggest active trading, with Xiaoming Co. having a turnover rate of 24.77% [2][3]

证券代码：300761 证券简称：立华股份 公告编号：2025-066 江苏立华食品集团股份有限公司 关于股东权益变动触及 1%整数倍的公告 公司实际控制人程立力、实际控制人之一致行动人常州市奔腾牧业技术服务 中心（有限合伙）保证向本公司提供的信息内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 本次权益变动系因江苏立华食品集团股份有限公司（以下简称公司）实际控 制人及其一致行动人通过集中竞价和大宗交易方式减持股份，导致实际控制人及 其一致行动人合计持股比例累计变动触及 1%整数倍。具体公告如下： | 1.基本情况 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 信息披露义务人一 | | 程立力 | | | | | | 住所 | | 常州市武进区延政西大道 | | | | | | 权益变动时间 | | 2025年7月30日-2025年8月26日 | | | | | | 信息披露义务人二 | | 常州市奔腾牧业技术服务中心（有限合伙） | | | | | | 住 ...

Group 1 - The poultry and pork sectors are experiencing significant activity, with notable stock price increases [1] - Aonong Bio and other companies such as Muyuan Foods, Lihua Stock, Tiankang Bio, and Xiaoming Stock have seen their stock prices rise [1]

Group 1 - A-shares main indices continue to strengthen, with the Shenzhen Component Index rising nearly 0.5%, and both the ChiNext Index and Shanghai Composite Index turning positive after previously dropping over 1% [1] - Sectors such as gaming, Huawei Ascend, and aquaculture saw significant gains, with nearly 3,100 stocks in the Shanghai and Shenzhen markets rising [1] Group 2 - Notable stock performances include: - Aonong Biological (603363) up 10.08% with a market cap of 10.8 billion and a year-to-date increase of 17.23% - Muyuan Foods (002714) up 8.12% with a market cap of 303.5 billion and a year-to-date increase of 46.46% - Lihua Agricultural (300761) up 4.58% with a market cap of 1.74 billion and a year-to-date increase of 9.59% - Tiankang Biological (002100) up 4.53% with a market cap of 944.8 million and a year-to-date increase of 9.32% [2]

Core Viewpoint - Lihua Co., Ltd. reported a decline in net profit and cash flow for the first half of 2025, despite a revenue increase, indicating challenges in maintaining profitability amid market price pressures [1][3]. Financial Performance - Revenue for the first half of 2025 reached 8.35 billion yuan, a year-on-year increase of 7.02% [2]. - Net profit attributable to shareholders was 149 million yuan, down 74.10% year-on-year [2]. - Net profit after excluding non-recurring gains and losses decreased by 72.68% [2]. - Net cash flow from operating activities fell by 17.47% to 559 million yuan [2]. - Basic and diluted earnings per share both dropped by 74.16% to 0.1794 yuan [2]. - The weighted average return on equity decreased from 7.17% to 1.63% [2]. Asset and Liability Management - Total assets at the end of the reporting period were approximately 15.36 billion yuan, an increase of 4.35% from the previous year [2]. - Net assets attributable to shareholders decreased by 1.30% to about 8.94 billion yuan [2]. - The company's debt-to-asset ratio was 41.08%, indicating manageable debt pressure compared to industry averages [3]. Market Conditions and Challenges - The market for yellow feathered chickens faced significant price declines, impacting profitability, with gross profit margin for chicken sales down by 7.66% to 6.21% [3]. - The company acknowledged the cyclical nature of the industry and emphasized the need to enhance operational efficiency and cost control [3][5]. Strategic Initiatives - Lihua Co., Ltd. plans to transition and upgrade its fresh chicken sales to improve resilience against industry cycles and enhance market share [4]. - The company aims to improve overall profitability through cost control, leveraging scale advantages, and extending the industrial chain [5]. - Despite the challenges, the company intends to increase its dividend payout, distributing approximately 83.7 million yuan to shareholders, reflecting confidence in future growth [5].

金融界消息 截至2025年8月25日收盘，立华股份（300761）报收于19.86元，上涨0.56%，换手率 1.54%，成交量9.68万手，成交金额1.92亿元。 天眼查商业履历信息显示，江苏立华食品集团股份有限公司，成立于1997年，位于常州市，是一家以从 事畜牧业为主的企业。企业注册资本82764.4501万人民币，实缴资本36260万人民币。公司法定代表人 为程立力。 通过天眼查大数据分析，江苏立华食品集团股份有限公司共对外投资了50家企业，参与招投标项目22 次，知识产权方面有商标信息194条，专利信息107条，此外企业还拥有行政许可38个。 来源：金融界 资金流向方面，今日主力资金净流入1186.96万元，占比成交额6.19%。其中，超大单净流入139.14万 元、占成交额0.73%，大单净流入1047.82万元、占成交额5.46%，中单净流出流出1889.18万元、占成交 额9.85%，小单净流入702.22万元、占成交额3.66%。 立华股份最新一期业绩显示，截至2025中报，公司营业总收入83.53亿元、同比增长7.02%，归属净利润 1.49亿元，同比减少74.10%，扣非净利润1.48亿 ...

Group 1: Poultry Market Insights - The average prices for fast, medium, and slow-growing yellow feathered chickens in the third week of August are 10.84 CNY/kg, 12.68 CNY/kg, and 15.24 CNY/kg, respectively, showing year-on-year increases of 5.9%, 5.0%, and 5.0% [1][2] - Yellow chicken prices have risen for five consecutive weeks, with a single chicken's profit restored to 3.7 CNY based on a weight of 2.2 kg and a cost of 11 CNY/kg [2] - The supply side indicates a significant reduction in the supply of medium and fast-growing chickens, leading to market shortages, while high-end products are selling well [2][4] Group 2: Demand Factors - The demand is positively influenced by events such as graduation banquets and preparations for the Mid-Autumn Festival and National Day, leading to an overall increase in sales [2] - The industry is gradually resuming breeding activities, further boosting overall sales volume [2] Group 3: Investment Recommendations - The current market conditions suggest that the poultry sector may experience a recovery in the next quarter, with a recommendation to focus on leading companies such as Wens Foodstuff Group (300498.SZ) and Lihua Agricultural (300761.SZ) [2] - In the white feather chicken segment, the average price is 7.33 CNY/kg, with a slight increase of 1.8% from the previous week, while chicken product prices have decreased by 0.6% [4] - The market for genetically modified varieties is expected to enter commercial sales, indicating potential growth for industry companies [5] Group 4: Livestock Market Overview - The national price for lean meat pigs is 13.71 CNY/kg, reflecting a slight decrease of 0.2% from the previous week, with a focus on companies that demonstrate cost-effectiveness and growth potential [3] - The livestock sector is still experiencing price volatility, and leading feed companies are expected to benefit from their advantages over smaller competitors [6]