GOLDEN SUN SECURITIES·2025-04-25 01:23Investment Rating - The report maintains an "Increase" rating for the agricultural, forestry, animal husbandry, and fishery industry [4] Core Viewpoints - The overall allocation in the agricultural sector is currently at a low level, below the standard allocation ratio, indicating potential investment opportunities in leading companies and growth stocks within the breeding sector [3][18] - The breeding sector is experiencing a reduction in allocation, while the planting sector shows slight decreases, with the overall heavy allocation in the agricultural sector being the lowest in three years [1][10] Summary by Sections Heavy Allocation Analysis - As of Q1 2025, the heavy allocation in the agricultural sector is 0.92%, a decrease of 0.08 percentage points quarter-on-quarter and 0.74 percentage points year-on-year [10] - The heavy allocation in the breeding industry is 0.45%, down 0.06 percentage points from the previous quarter and 0.65 percentage points year-on-year, indicating a lack of clear direction in the sector [13] Company-Specific Allocation Changes - Among the top 15 heavy allocation stocks, most companies have reduced their allocations, with only Zhongchong Co., Ltd. increasing by approximately 0.03 percentage points [2][14] - The top five stocks with increased allocations include Zhongchong Co., Ltd. (+7.03%), Ruipubio (+1.24%), and Suqian Agricultural Development (+1.02%) [2][16] Investment Recommendations - For the breeding sector, focus on leading stocks such as Muyuan Foods, Wens Foodstuff Group, and Shennong Group, as well as yellow chicken stocks like Lihua Co., Ltd. [3][18] - In the breeding support sector, attention should be given to leading companies like Haida Group and Bangji Technology, which may benefit from the restructuring of the market [3][18] - The planting sector shows strong profitability stability, with recommendations to focus on companies like Suqian Agricultural Development and Beidahuang [3][18]