Core Insights - Lihua Co., Ltd. reported meat chicken sales of 49.15 million heads in July 2025, generating revenue of 1.034 billion yuan, with an average selling price of 9.77 yuan/kg [1] - The company sold 145,500 heads of meat pigs in July 2025, resulting in revenue of 260 million yuan, with an average selling price of 14.75 yuan/kg [1] Summary by Category Meat Chicken Sales - Total sales volume: 49.15 million heads - Revenue: 1.034 billion yuan - Average selling price: 9.77 yuan/kg - Month-on-month changes: Sales volume increased by 12.13%, revenue increased by 9.77%, average price decreased by 0.20% - Year-on-year changes: Sales volume increased by 10.75%, revenue decreased by 14.90%, average price decreased by 25.93% [1] Meat Pig Sales - Total sales volume: 145,500 heads - Revenue: 260 million yuan - Average selling price: 14.75 yuan/kg - Month-on-month changes: Sales volume decreased by 14.01%, revenue decreased by 14.19%, average price increased by 1.44% - Year-on-year changes: Sales volume increased by 17.53%, revenue decreased by 8.77%, average price decreased by 23.65% [1]

人民财讯8月7日电，立华股份（300761）8月7日晚间公告，7月销售肉鸡(含毛鸡、屠宰品及熟制 品)4915.08万只，销售收入10.34亿元，毛鸡销售均价9.77元/公斤，环比变动分别为12.13%、 9.77%、-0.20%，同比变动分别为10.75%、14.90%、-25.93%；7月销售肉猪14.55万头，销售收入2.60亿 元，肉猪销售均价14.75元/公斤，环比变动分别为-14.01%、-14.19%、1.44%，同比变动分别为 17.53%、-8.77%、-23.65%。 ...

Group 1 - The core point of the article is that Lihua Co., Ltd. (300761.SZ) reported its sales performance for July 2025, showing significant changes in both chicken and pork sales [1] Group 2 - In July 2025, the company sold 49.15 million chickens, generating a revenue of 1.034 billion yuan, with an average selling price of 9.77 yuan/kg. The month-on-month changes were 12.13% for sales volume, 9.77% for revenue, and -0.20% for average price. Year-on-year changes were 10.75% for sales volume, -14.90% for revenue, and -25.93% for average price [1] - The company sold 145,500 pigs in July 2025, with a revenue of 260 million yuan and an average selling price of 14.75 yuan/kg. Month-on-month changes were -14.01% for sales volume, -14.19% for revenue, and 1.44% for average price. Year-on-year changes were 17.53% for sales volume, -8.77% for revenue, and -23.65% for average price [1]

立华股份（300761）(300761.SZ)披露2025年7月销售情况，公司2025年7月销售肉鸡(含毛鸡、屠宰品及 熟制品)4915.08万只，销售收入10.34亿元，毛鸡销售均价9.77元/公斤，环比变动分别为12.13%、 9.77%、-0.20%，同比变动分别为10.75%、-14.90%、-25.93%。 公司2025年7月销售肉猪14.55万头，销售收入2.60亿元，肉猪销售均价14.75元/公斤，环比变动分别 为-14.01%、-14.19%、1.44%，同比变动分别为17.53%、-8.77%、-23.65%。 ...

证券代码：300761 证券简称：立华股份 公告编号：2025-057 江苏立华食品集团股份有限公司 2025 年 7 月销售情况简报 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、2025 年 7 月销售情况 江苏立华食品集团股份有限公司（以下简称公司）2025 年 7 月销售肉鸡（含 毛鸡、屠宰品及熟制品）4,915.08 万只，销售收入 10.34 亿元，毛鸡销售均价 9.77 元/公斤，环比变动分别为 12.13%、9.77%、-0.20%，同比变动分别为 10.75%、- 14.90%、-25.93%。 公司 2025 年 7 月销售肉猪 14.55 万头，销售收入 2.60 亿元，肉猪销售均价 14.75 元/公斤，环比变动分别为-14.01%、-14.19%、1.44%，同比变动分别为 17.53%、 -8.77%、-23.65%。 二、销售情况汇总 | 月份 | | 肉鸡销量（万只） | | 销售收入（亿元） | 毛鸡销售均价 | | --- | --- | --- | --- | --- | --- | | | | | | | （元/公 ...

Core Insights - The aquaculture sector experienced a rise of 0.62% on August 6, with Huaying Agriculture leading the gains [1] - The Shanghai Composite Index closed at 3633.99, up 0.45%, while the Shenzhen Component Index closed at 11177.78, up 0.64% [1] Aquaculture Sector Performance - Huaying Agriculture (002321) closed at 2.76, with a gain of 6.15% and a trading volume of 702,300 shares, amounting to a transaction value of 190 million [1] - Lihua Co. (300761) closed at 20.18, up 1.41%, with a trading volume of 93,200 shares and a transaction value of 186 million [1] - Juxing Agriculture (603477) closed at 21.07, up 1.40%, with a trading volume of 160,300 shares and a transaction value of 335 million [1] - Other notable stocks include Shennong Group (605296) at 32.28 (+1.35%), Muyuan Foods (002714) at 46.77 (+1.10%), and New Hope (000876) at 9.74 (+0.62%) [1] Capital Flow Analysis - The aquaculture sector saw a net inflow of 80.84 million from institutional investors, while retail investors experienced a net outflow of 148 million [2] - Major stocks with significant capital inflows include Muyuan Foods (516.02 million) and Huaying Agriculture (232.74 million) [3] - Retail investors showed a notable outflow in stocks like Muyuan Foods (-824.75 million) and Huaying Agriculture (-153.55 million) [3]

消息面上，2025年8月5日公司发生一笔大宗交易，成交102万股，金额1626.9万元，成交价15.95元，较 当日收盘价折价19.85%。另据公开信息显示，2025年7月公司董事兼高管程立力通过大宗交易和竞价交 易合计减持1084.68万股，减持金额约1.72亿元，位列当月上市公司董监高减持金额第三位。 资金流向方面，8月5日主力资金净流出1184.04万元，占流通市值比例0.1%。近五个交易日主力资金累 计净流入2272.01万元，占流通市值比例0.19%。 截至2025年8月5日收盘，立华股份股价报19.90元，较前一交易日下跌0.01元，跌幅0.05%。当日成交量 为7.85万手，成交额1.56亿元，盘中振幅1.56%。 立华股份主营业务为畜禽养殖、饲料生产及肉制品加工，所属行业为农牧饲渔。公司产品覆盖黄羽鸡、 生猪等品类，生产基地主要分布在华东地区。 风险提示：以上内容仅供参考，不构成投资建议。市场有风险，投资需谨慎。 ...

Investment Rating - The report maintains a "Recommended" rating for the agricultural, forestry, animal husbandry, and fishery industry [1][8]. Core Viewpoints - The report highlights a long-term revaluation opportunity for the pig industry, indicating that while pig prices are experiencing fluctuations, there is still downward pressure. The industry is expected to transition towards a self-regulatory and stable phase, benefiting leading companies such as Wens Foodstuffs, Muyuan Foods, and Juxing Agriculture [4][14]. - The poultry sector is currently facing low prices, but there are signs of marginal improvement in the cycle, with recommendations for companies like Shennong Development and Lihua Stock [5][24]. - The animal health sector is anticipated to see performance recovery and investment opportunities in pet medical services, with a focus on companies like Kexin Biological and Ruipuhua [6][34]. - The planting sector is experiencing a decline in the pig-to-grain price ratio, with ongoing commercialization of genetically modified seeds benefiting early adopters [7][37]. - The feed sector is witnessing price fluctuations, with recommendations for Haida Group and attention to He Feng Stock [7][42]. - The pet economy is thriving, with domestic brands gaining strength, and the report recommends companies in the pet food sector such as Guibao Pet and Zhongchong Stock [7][51]. Summary by Sections Pig Industry - The average price of pigs is currently around 14.08 yuan/kg, with fluctuations noted [14]. - The number of breeding sows has increased slightly, indicating a stable supply [14]. - Key recommendations include Wens Foodstuffs, Muyuan Foods, and Juxing Agriculture, with a suggestion to pay attention to Dekang Agriculture [4][14]. Poultry Industry - The price of white feather chicken is low, with a focus on potential marginal improvements in the cycle [5][23]. - The report notes a significant update in the breeding stock, with a mix of imported and self-bred varieties [5][24]. - Recommended companies include Shennong Development and Lihua Stock [5][24]. Animal Health - The report anticipates continued recovery in animal health companies' performance, supported by stable profits in the pig farming sector [6][34]. - The approval of mRNA vaccines for veterinary use marks a significant technological advancement [6][34]. - Recommended companies include Kexin Biological and Ruipuhua, with additional attention to Huisheng Biological and Jinhai Biological [6][34]. Planting Sector - The pig-to-grain price ratio has decreased, with ongoing commercialization of genetically modified seeds [7][37]. - Recommendations include Suqian Agricultural Development and Longping High-Tech [7][37]. Feed Sector - Feed prices are experiencing fluctuations, with specific prices noted for different types of feed [7][42]. - The report suggests that the feed industry is likely to see increased concentration, recommending Haida Group and monitoring He Feng Stock [7][42]. Pet Industry - The pet market is growing, with a significant increase in consumption and brand development [7][51]. - Recommendations include Guibao Pet, Zhongchong Stock, and Peidi Stock in the pet food sector, as well as Ruipuhua in the pet medical sector [7][51].

Investment Rating - The report maintains an "Overweight" rating for the agriculture, forestry, animal husbandry, and fishery industry [1][42]. Core Insights - The SW agriculture, forestry, animal husbandry, and fishery industry slightly outperformed the CSI 300 index, with an increase of 1.06% from July 18 to July 31, 2025, surpassing the index by approximately 0.05 percentage points [3][10]. - Most sub-sectors recorded positive returns during the same period, with fisheries, aquaculture, planting, and feed sectors rising by 2.04%, 1.79%, 1.6%, and 0.64% respectively, while agricultural products processing and animal health sectors saw declines of 0.74% and 3.21% [11][12]. - Approximately 57% of stocks in the industry achieved positive returns, indicating a favorable market sentiment [12]. Industry Data Summary - **Pig Farming**: - The average price of external three-breed pigs decreased from 14.37 CNY/kg to 14.21 CNY/kg between July 18 and July 31, 2025 [21]. - The cost of corn was reported at 2402.02 CNY/ton, showing a slight decline, while soybean meal prices increased to 2984 CNY/ton [22]. - Profitability for self-bred pigs was 43.85 CNY/head, while purchasing piglets resulted in a loss of 116.78 CNY/head [26]. - **Poultry Farming**: - The average price of broiler chicks rose to 2.57 CNY/chick, while egg-laying chicks averaged 3.85 CNY/chick [28]. - The average price for broiler chickens increased to 6.83 CNY/kg, with a slight improvement in profitability to -0.43 CNY/chick [31]. - **Aquaculture**: - The average wholesale price for crucian carp was 22.69 CNY/kg, while carp saw a slight increase to 15.82 CNY/kg [33]. Industry News - The Ministry of Agriculture and Rural Affairs and nine other departments released a plan to promote agricultural product consumption, focusing on optimizing supply, innovating distribution, and activating market demand [35]. - Among the companies reporting mid-year results, Haida Group achieved a revenue of 588.31 billion CNY, a year-on-year increase of 12.5%, with a net profit of 26.39 billion CNY, up 24.16% [36]. Company Insights - Key companies to watch include: - Muyuan Foods (002714): A leading pig farming company with cost and scale advantages [43]. - Haida Group (002311): A top feed company expected to maintain steady market share growth [43]. - Lihua Co. (300761): A leading yellow feather chicken farming company with integrated advantages [43]. - Reap Bio (300119): A leader in the animal health sector with a growing product matrix for pet health [43]. - Zhongchong Co. (002891): A leading pet food company with strong domestic growth prospects [43].

Summary of Key Points Core Viewpoint - On August 1, Lihua Co., Ltd. executed a block trade of 1.41 million shares at a transaction value of 22.2075 million yuan, representing 8.11% of the total trading volume for the day, with a transaction price of 15.75 yuan, which is a discount of 19.89% compared to the market closing price of 19.66 yuan [1]. Group 1 - The block trade involved a total of 141,000 shares at a price of 15.75 yuan per share [1]. - The total transaction value for the block trade was 22.2075 million yuan [1]. - The transaction price represented a significant discount of 19.89% from the market closing price of 19.66 yuan [1]. Group 2 - The trading date for the block transaction was August 1, 2025 [2]. - The securities code for Lihua Co., Ltd. is 300761 [2]. - The block trade was facilitated by multiple brokerage firms, including CITIC Securities and Zhongtai Securities, with various trading volumes attributed to each [2].