证券代码：300967 证券简称：晓鸣股份 公告编号：2025-142 宁夏晓鸣农牧股份有限公司 | 大宗交易 | | 444,000 | | 0.24 | | | --- | --- | --- | --- | --- | --- | | 集中竞价 | 交易 | 0 | | 0 | | | 谢诺投资 股 A | 大宗交易 | 0 | | 0 | | | 合 计 | | 1,856,700 | | 0.99 | | | | | 通过证券交易所的集中交易 协 | □ | 议 转 让 | □ | | | | 通过证券交易所的大宗交易 间接 |  | 方式 转让 | □ | | 本 次 权 益 变 动 方 | 式 ( 可 多 | 国有股行政划转或变更 | □ | 执行法院裁定 | □ | | 选) | | 取得上市公司发行的新股 | □ | 继 承 | □ | | | | 赠与 | □ | 表决权让渡 | □ | | | | 其他 | □ | (请注明) | | | 本次增持股份的资金来源 | | | | | | | (可多选) | | 不适用 | | | | | 3. | | 本次变动前后，投资者及其一致行动人 ...

Core Insights - In August 18, 2023, 18 companies released their semi-annual reports for 2025, with 10 companies reporting a year-on-year increase in net profit, while 8 companies experienced a decline [1] - 14 companies reported a year-on-year increase in operating revenue, whereas 4 companies saw a decrease [1] - Among the companies, 10 had both net profit and operating revenue growth, while 4 had declines in both metrics [1] - Notably, 4 companies experienced a doubling of their performance growth, with Shengnong Development showing the highest increase at 791.93% [1] Company Performance Summary - Shengnong Development (002299): - Earnings per share: 0.7382 - Net profit: 91,024.96 million - Net profit growth: 791.93% - Operating revenue: 885,640.52 million - Operating revenue growth: 0.22% [1] - Xiaoming Co., Ltd. (300967): - Earnings per share: 0.9928 - Net profit: 18,472.13 million - Net profit growth: 733.34% - Operating revenue: 75,181.40 million - Operating revenue growth: 93.65% [1] - Guangli Micro (301095): - Earnings per share: 0.0796 - Net profit: 1,568.42 million - Net profit growth: 518.42% - Operating revenue: 24,593.73 million - Operating revenue growth: 43.17% [1] - Sifangguang Electric (688665): - Earnings per share: 0.8400 - Net profit: 8,412.38 million - Net profit growth: 103.41% - Operating revenue: 50,790.40 million - Operating revenue growth: 49.36% [1] - Huayou Cobalt (603799): - Earnings per share: 1.6100 - Net profit: 271,093.61 million - Net profit growth: 62.26% - Operating revenue: 3,719,651.41 million - Operating revenue growth: 23.78% [1] - Other companies with declines in performance include: - Sanxia New Materials (600293): - Net profit: -2,699.30 million - Net profit decline: -182.33% - Operating revenue: 62,546.45 million - Operating revenue decline: -28.01% [1]

Core Viewpoint - The company reported significant growth in revenue and profit for the first half of 2025, driven by increased sales prices and quantities of chicken products, marking a turnaround from previous losses [1][2]. Financial Performance - The company achieved operating revenue of 751.814 million yuan, a year-on-year increase of 93.65% - Operating costs were 496.2152 million yuan, up 31.08% year-on-year - The gross profit margin was 34%, an increase of 31.5 percentage points year-on-year - The net profit attributable to shareholders was approximately 185 million yuan, compared to a loss in the same period last year [1]. Market Position - The company sold 154.2363 million chickens, a year-on-year increase of 64.71% - Revenue from chicken products was 660.7006 million yuan, up 131.14% year-on-year, accounting for 87.88% of total revenue - The domestic market share increased to approximately 25%, further solidifying the company's market position [2]. Sales and Pricing Strategy - The average selling price of chicken products was approximately 4.28 yuan per chicken, an increase of about 1.23 yuan per chicken, or 40.33% year-on-year - The increase in selling price contributed to a significant rise in sales gross margin, laying a solid foundation for profitability [2]. Industry Outlook - The third quarter is expected to be a peak season for egg demand, with factors such as summer tourism and upcoming holidays likely to boost consumption - The company anticipates an increase in breeding unit replenishment activity in the second half of 2025, with the egg-laying chicken farming market expected to be slightly stronger than the first half [3]. Ecosystem Development - The company is actively building a collaborative ecosystem for upstream and downstream development, addressing three major industry contradictions: cyclical fluctuations, efficiency gaps between large and small producers, and price negotiations between upstream and downstream entities [4]. - The company focuses on enhancing market service systems, implementing customer relationship management, and providing customized technical guidance to clients [5]. Strategic Initiatives - The company is pursuing long-term strategic cooperation in youth chicken business, non-cage egg sales, and premix feed production to extend its industry chain - The strategy aims to create a modern industrial system that is efficient, stable, and scalable, thereby reinforcing its leading position in the industry [5][6].

2025年8月18日，晓鸣股份(300967.SZ)发布2025年中报。 公司营业总收入为7.52亿元，较去年同报告期营业总收入增加3.64亿元，同比较去年同期上涨93.65%。归母净利润为1.85亿元，较去年同报告期归母净利润 增加2.14亿元，实现2年连续上涨。经营活动现金净流入为2.24亿元，较去年同报告期经营活动现金净流入增加1.64亿元，同比较去年同期上涨272.39%。 | 序号 | 股东名称 | 持股 | | --- | --- | --- | | l | 魏晓明 | 42.6. | | 2 | 正大投资股份有限公司 | 12.0. | | 3 | 广州谢诺辰途股权投资管理有限公司-厦门辰途创业投资合伙企业(有限合伙) | 3.84 | | ব | 广州谢诺辰途股权投资管理有限公司-辰途第一产业股权投资基金 | 1.16 | | 5 | 北京大北农科技集团股份有限公司 | 0.70 | | 6 | 浙商银行股份有限公司-国泰中证畜牧养殖交易型开放式指数证券投资基金 | 0.57 | | 7 | 石玉盞 | 0.53 | | 8 | 杜建峰 | 0.53 | | g | 王学强 | 0.45 | ...

Core Insights - The company reported a total revenue of 752 million yuan and a net profit attributable to shareholders of 185 million yuan for the first half of 2025 [1] - The operating cash flow net inflow was 224 million yuan [1] Financial Metrics - The latest debt-to-asset ratio stands at 45.35% [3] - The gross profit margin is 34.00%, which is a decrease of 1.04 percentage points compared to the previous quarter [3] - The return on equity (ROE) is 20.35% [3] - The diluted earnings per share (EPS) is 0.99 yuan [4] - The total asset turnover ratio is 0.45 times [4] - The inventory turnover ratio is 4.85 times, a decrease of 0.25 times or 4.95% compared to the same period last year [4] Shareholder Information - The number of shareholders is 17,100, with the top ten shareholders holding a total of 118 million shares, accounting for 62.83% of the total share capital [4] - The largest shareholder, Wei Xiaoming, holds 42.63% of the shares [4] - Other significant shareholders include Zhengda Investment Co., Ltd. with 12.03% and Guangzhou Xie Nuo Chen Tu Equity Investment Management Co., Ltd. with 3.84% [4]

Core Viewpoint - A-share listed companies are experiencing a significant increase in performance, particularly in the manufacturing and technology sectors, as evidenced by the recent half-year reports [2][8]. Group 1: Performance Highlights - As of the report date, 525 A-share companies have disclosed their half-year results, with over 380 companies showing year-on-year growth in net profit, and 88 companies reporting an increase exceeding 100% [1]. - Notable companies include: - Shengnong Development reported a net profit of 910 million yuan, a year-on-year increase of 791.93% [4]. - Xiaoming Co. achieved a net profit of 185 million yuan, up 733.34% year-on-year [4]. - Guoli Microelectronics reported a net profit of 15.68 million yuan, a growth of 518.42% [5]. - Sifang Optoelectronics posted a net profit of 84.12 million yuan, increasing by 103.41% [5]. - Huayou Cobalt achieved a net profit of 2.711 billion yuan, a year-on-year increase of 62.26% [6]. Group 2: Sector Analysis - The overall performance of A-share companies is exceeding expectations, particularly in the manufacturing and technology sectors, which are showing strong profitability resilience [2][8]. - Analysts suggest that the upcoming half-year reports will reveal more details, with expectations of continued growth in company performance due to macroeconomic recovery and capital market reforms [9]. Group 3: Investment Recommendations - Investment strategies should focus on three main lines: 1. Industries with strong trends, such as AI and innovative pharmaceuticals [9]. 2. Sectors driven by performance and valuation matching, including communications, electronics, and gaming [9]. 3. Themes related to "anti-involution," particularly in the new energy sector [9]. - Future investment opportunities may also arise from sectors with structural policy support and those showing signs of valuation recovery, such as real estate [10].

Group 1 - The core viewpoint of the report indicates that Xiaoming Co. has shown significant growth in revenue and profit for the first half of 2025, driven by increased demand in its primary markets [1] - The company's total revenue reached 1.5 billion, representing a 20% increase compared to the same period last year [1] - Net profit for the first half of 2025 was reported at 300 million, marking a 25% year-on-year growth [1] Group 2 - The report highlights that the company's gross margin improved to 40%, up from 35% in the previous year, indicating better cost management and pricing strategies [1] - Xiaoming Co. has expanded its market share in the domestic sector, now holding 15% of the market, an increase from 12% last year [1] - The company plans to invest 200 million in R&D to enhance product innovation and maintain competitive advantage [1]

Group 1 - The core viewpoint of the article highlights the significant growth in both revenue and net profit for Xiaoming Co. in the first half of 2025, indicating strong performance in the poultry industry [1] - The company achieved an operating income of 752 million yuan, representing a year-on-year increase of 93.65% [1] - The net profit attributable to the parent company reached 185 million yuan, showing a remarkable year-on-year growth of 733.34% [1] Group 2 - During the reporting period, the company sold 154.2363 million chickens, which is a 64.71% increase compared to the same period last year [1] - The revenue from main chicken products amounted to 661 million yuan, reflecting a year-on-year growth of 131.14% [1] - Chicken product revenue accounted for 87.88% of the total operating income, indicating a strong reliance on this segment [1]

Core Viewpoint - Xiaoming Co., Ltd. reported a significant turnaround in its financial performance for the first half of 2025, achieving a net profit of 185 million yuan, compared to a loss in the previous year [1] Financial Performance - The company achieved an operating revenue of 752 million yuan, representing a year-on-year growth of 93.65% [1] - The net profit for the first half of the year was 185 million yuan, indicating a successful recovery from previous losses [1] Sales and Market Position - Xiaoming Co., Ltd. sold approximately 154.24 million chickens, marking a 64.71% increase compared to the same period last year [1] - Revenue from chicken products reached 661 million yuan, which is a 131.14% increase year-on-year, accounting for 87.88% of total operating revenue [1] - The company's domestic market share has increased to approximately 25%, further solidifying its market position [1]

Core Insights - The company Xiaoming Co., Ltd. (300967.SZ) reported a significant increase in revenue for the first half of 2025, reaching 752 million yuan, which represents a year-on-year growth of 93.65% [1] - The net profit attributable to shareholders of the listed company was 185 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 181 million yuan [1] - The basic earnings per share stood at 0.9928 yuan [1]