10月13日，恒鑫生活跌2.73%，成交额9051.70万元。两融数据显示，当日恒鑫生活获融资买入额832.82 万元，融资偿还847.37万元，融资净买入-14.55万元。截至10月13日，恒鑫生活融资融券余额合计1.32 亿元。 融券方面，恒鑫生活10月13日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量0.00股，融券余额0.00元。 资料显示，合肥恒鑫生活科技股份有限公司位于安徽长丰双凤经济开发区双凤路36号，成立日期1997年 10月20日，上市日期2025年3月19日，公司主营业务涉及主要从事纸制与塑料餐饮具的研发、生产和销 售。主营业务收入构成为：可降解产品49.46%，不可降解产品48.36%，其他(补充)2.18%。 机构持仓方面，截止2025年6月30日，恒鑫生活十大流通股东中，香港中央结算有限公司位居第二大流 通股东，持股118.23万股，为新进股东。 融资方面，恒鑫生活当日融资买入832.82万元。当前融资余额1.32亿元，占流通市值的7.53%。 责任编辑：小浪快报 截至7月18日，恒鑫生活股东户数2.10万，较上期减少0.69%；人均流通股 ...

丨证券研究报告丨 行业研究丨专题报告丨农产品 [Table_Title] 农林牧渔行业 2025 年三季报业绩前瞻：养殖板 块盈利分化，优质龙头企业盈利能力提升 报告要点 [Table_Summary] 生猪养殖行业已经从过去的快速发展阶段步入到稳态发展阶段，中长期养殖产能调控已经成为 行业新常态，优质养殖企业的利润底部和盈利中枢有望大幅抬升，我们看好养殖板块中长期的 格局优化，重点推荐牧原股份、温氏股份、德康农牧、神农集团和巨星农牧。单三季度养殖板 块盈利有所分化，优质养殖企业仍然实现了较好的业绩；单三季度黄羽鸡价格触底回升，带动 禽养殖板块盈利能力逐步回升；水产料行业景气度持续兑现，龙头企业海大集团有望实现量利 齐升；宠物食品自有品牌高增长延续，海外工厂凸显外销韧性，重点推荐乖宝宠物和中宠股份。 分析师及联系人 [Table_Author] SAC：S0490513080003 SAC：S0490519060003 SAC：S0490525080006 SFC：BQT624 陈佳 顾熀乾 卜凡星 王煜坤 1 [Table_Title 农林牧渔行业2] 2025 年三季报业绩前瞻：养殖板 块盈利分化，优质龙 ...

zhaochenxu@kysec.cn 证书编号：S0790124120019 恒鑫生活: 可生物降解餐饮具行业领先企业，深度绑定全球头部餐饮品牌 伐谋-中小盘次新股说 中小盘研究团队 2025 年 10 月 08 日 次新股说（2025 第 6 期）：本批恒鑫生活、悍高集团、 技源集团等值得重点跟踪 ——中小盘次新股说 周佳（分析师） 赵晨旭（联系人） zhoujia@kysec.cn 证书编号：S0790523070004 公司是可生物降解餐饮具行业领先企业，为国内许多知名餐饮具企业的优选产 品。产能方面，公司已形成年 90 亿只的纸制与塑料餐饮具的生产能力。一方面， 公司在境内建立了多个生产基地，可根据下游客户的不同要求进行定制化、规模 化生产并快速批量交货；另一方面，公司积极开展全球化布局，2025 年 4 月， 公司泰国工厂完成首次发货。客户方面，公式深度绑定全球头部餐饮品牌，包括 瑞幸咖啡、星巴克、Manner 咖啡等知名咖啡品牌；喜茶、蜜雪冰城、Coco 都可 茶饮等极具影响力的茶饮品牌；以麦当劳、汉堡王等为代表的全球连锁快餐品牌。 展望未来，城镇化趋势下生活节奏加快、收入水平提升导致消费者对餐 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The logic of breeding sow reduction is strengthening, and beef and milk are expected to achieve upward linkage in 2026. As of September 26, 2025, the average price of live pigs in China is 12.50 yuan/kg, with a week-on-week decrease of 0.20 yuan/kg and a year-on-year decrease of 5.51% [11][16] - The investment logic for live pigs is marginally improving, driven by both fundamental and policy factors. The price of live pigs is expected to rise in the second half of 2025 due to strong support from previous breeding sow reductions and winter piglet losses [29][32] Summary by Sections Weekly Observation - The logic of breeding sow reduction is strengthening, and beef and milk are expected to achieve upward linkage in 2026. The average price of live pigs is 12.50 yuan/kg, with a week-on-week decrease of 0.20 yuan/kg and a year-on-year decrease of 5.51% [11][16] - The average price of beef is 66.27 yuan/kg, with a month-on-month increase of 2.10% and a year-on-year increase of 7.74% [23] Weekly Market Performance (September 22-26) - The agricultural index underperformed the market by 2.18 percentage points, with the Shanghai Composite Index rising by 0.21% and the agricultural index falling by 1.97% [34][36] - Leading stocks include ST Jinggu (+15.68%), Huaying Agriculture (+5.76%), and Biological Shares (+3.78%) [34][40] Price Tracking (September 22-26) - The average price of live pigs is 12.45 yuan/kg, down 1.81% from the previous week. The average price of piglets is 21.29 yuan/kg, down 4.87% [46] - The average price of beef is 65.90 yuan/kg, with a week-on-week increase of 0.30 yuan/kg [54] Recommendations - Recommended stocks in the pig sector include Muyuan Foods, Wens Foodstuff Group, and Juxing Agriculture [20][29] - In the feed sector, recommended stocks include Haida Group and New Hope [29] - In the pet food sector, recommended stocks include Guibao Pet, Zhongchong Shares, and Petty Shares [32]

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 重要内容提示： 1、合肥恒鑫生活科技股份有限公司（以下简称"公司"）拟向共青城金朗股权投资合伙企业（有限合 伙）（以下简称"共青城金朗"）认缴出资人民币2,000万元。 2、共青城金朗投资方向为单一投资标的，即拟对君乐宝乳业集团股份有限公司（以下简称"君乐宝"） 进行定向股权投资，存在单一投资标的风险；且具有投资周期较长、流动性较低的特点，投资效益存在 不确定性等风险。 3、根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第7号一一交 易与关联交易》《合肥恒鑫生活科技股份有限公司章程》（以下简称"《公司章程》"）等相关规定，本 次共同投资无需提交公司董事会、股东会审议，不构成同业竞争和关联交易，亦不构成《上市公司重大 资产重组管理办法》规定的重大资产重组。 一、与专业投资机构共同投资概述 根据公司战略规划的需要，为进一步拓展公司业务领域，更好地借助专业机构的专业力量及资源优势， 整合各方资源，获取长期投资回报，提高公司的综合竞争力，公司拟 ...

Group 1 - The core point of the article is that Hengxin Life (301501.SZ) is planning to collaborate with Beijing Fangyuan Jinding Investment Management Co., Ltd. and other limited partners to expand its business scope and enhance its competitive edge through professional investment [1] - The company intends to invest 20 million RMB as a limited partner to subscribe for fund shares of Gongqingcheng Jinlang [1]

Core Viewpoint - Hengxin Life (301501.SZ) plans to collaborate with Beijing Fangyuan Jinding Investment Management Co., Ltd. and other limited partners to expand its business scope and enhance its competitive edge through professional investment [1] Group 1: Investment Details - The company intends to invest 20 million RMB as a limited partner to subscribe for fund shares of Gongqingcheng Jinlang [1] - The investment focus of Gongqingcheng Jinlang is a single target, specifically directed equity investment in Junlebao Dairy Group Co., Ltd. [1] Group 2: Investment Risks - The investment carries risks associated with a single investment target, including long investment cycles and low liquidity [1] - There is uncertainty regarding the investment returns due to the nature of the investment [1]

Group 1 - The core point of the article is that Hengxin Life (301501.SZ) plans to collaborate with Beijing Fangyuan Jinding Investment Management Co., Ltd. and other limited partners to expand its business and enhance its competitive edge through professional investment [1] - The company intends to invest 20 million RMB as a limited partner to subscribe for fund shares of Gongqingcheng Jinlang [1]

Core Viewpoint - The company plans to invest 20 million yuan in the equity investment partnership of Qiongqing City Jinlang, aiming to enhance its capital operation efficiency and overall competitiveness through professional investment resources [1] Investment Details - The investment will be made as a limited partner in the fund managed by Qiongqing City Jinlang, which will specifically target equity investment in Junlebao Dairy Group Co., Ltd [1] - The investment does not involve any industry competition, related transactions, or major asset restructuring, and does not require approval from the company's board or shareholders [1]

证券代码：301501 证券简称：恒鑫生活 公告编号：2025-044 合肥恒鑫生活科技股份有限公司 关于与专业投资机构共同投资的公告 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。 重要内容提示： 1、合肥恒鑫生活科技股份有限公司（以下简称"公司"）拟向共青城金朗 股权投资合伙企业（有限合伙）（以下简称"共青城金朗"）认缴出资人民币 2,000 万元。 2、共青城金朗投资方向为单一投资标的，即拟对君乐宝乳业集团股份有限 公司（以下简称"君乐宝"）进行定向股权投资，存在单一投资标的风险；且 具有投资周期较长、流动性较低的特点，投资效益存在不确定性等风险。 3、根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公 司自律监管指引第 7 号——交易与关联交易》《合肥恒鑫生活科技股份有限公 司章程》（以下简称"《公司章程》"）等相关规定，本次共同投资无需提交 公司董事会、股东会审议，不构成同业竞争和关联交易，亦不构成《上市公司 重大资产重组管理办法》规定的重大资产重组。 一、与专业投资机构共同投资概述 根据公司战略规划的需要，为进一步拓展公司业务领域，更好地 ...