山西证券给予海大集团买入评级，饲料业务基本面显著回升

Group 1 - The core viewpoint of the report is that Haida Group (002311.SZ) is rated as a buy due to its strong performance and growth prospects [2] - The company disclosed its semi-annual report for 2025, indicating positive financial health [2] - Feed sales have significantly increased year-on-year, leading to an enhanced market share [2] - The growth rates for poultry feed, pig feed, and aquatic feed have rebounded notably compared to 2024 [2] - The overseas feed business of the company continues to experience high growth [2] - The company is actively expanding its seedling and animal health businesses by developing new product categories [2] - The aquaculture business is showing steady development [2]