庄园牧场再次开盘涨停 行业触底复苏也有新苗头

Core Viewpoint - The dairy sector is experiencing a notable change post the "Double Festival," with a recovery in milk prices and a general market rebound, although the sustainability of this trend remains uncertain [2][3]. Group 1: Market Performance - After the "Double Festival," dairy stocks, particularly Zhuangyuan Pasture (002910.SZ), have seen significant gains, with Zhuangyuan Pasture hitting the daily limit for two consecutive days, leading to an overall increase in dairy stocks [2]. - Other dairy companies, such as Knight Dairy (920786.BJ) and New Dairy, also reported increases of 4.44% and 5.85% respectively, with several stocks rising over 2% [2]. Group 2: Company Financials - Zhuangyuan Pasture reported a revenue of 420 million yuan in the first half of 2023, a year-on-year decrease of 1.3%, and a net profit attributable to shareholders of -30 million yuan, which is a 68.5% increase compared to the previous year [2]. Group 3: Industry Trends - The average purchase price of fresh milk in major production areas has stabilized, rising from 3.02 yuan/kg in August to 3.04 yuan/kg in late September [3]. - There has been a significant increase in the price of raw milk before the "Double Festival," with prices for scattered milk rising from 2.5 yuan/kg to 4.2 yuan/kg in Hebei, indicating tight supply [3]. - Despite the initial recovery in milk prices, there are signs of a decline post-festival, with prices in Hebei dropping to 2.8 yuan/kg, suggesting ongoing market pressures [3]. - Analysts note that while there is a temporary increase in demand for dairy products during the festival, the market's recovery and the sustainability of price increases are still under observation due to fragmentation in consumer behavior and regional market disparities [3].