格隆汇2月6日丨益生股份(002458.SZ)在投资者互动平台表示，2026年公司预计销售种猪约15万头，较 2025年实现显著增长。公司对外销售的种猪包括原种猪和二元种猪，其中原种猪利润率较高。公司种猪 为高品质、高健康度的双阴种猪，在市场上具备明显溢价能力。随着种猪产能持续释放与精细化管理不 断深化，种猪成本仍有下降空间，整体成本竞争力将进一步提升。 ...

近日，国内白羽肉鸡产业的种源供应再起波澜。由于法国主要供种地区爆发高致病性禽流感，国内祖代 种鸡引种工作被迫中断，行业龙头益生股份已确认暂停1月下旬两批引种计划。 此次事件中，国内自繁体系成为抵御外部冲击的关键缓冲。数据显示，2025年国内祖代种鸡自繁量达 90.72万套，占总更新量的59.07%，较2024年增长10.36%，首次占据市场主导地位。 其中，"广明2号"等国产品种逐步推广，在抗病性、适应性等方面展现优势，打破了国外品种长期垄断 的格局。 近年来，广东省农业科学院动物科学研究所（以下简称"研究所"）承担"优质快长型肉鸡基因组选育体 系建立与新品种培育"项目，针对肉鸡育种中存在的"卡脖子"问题，与中国农业科学院北京畜牧兽医研 究所等国内6家肉鸡育种优势单位联合开展科技攻关，成功培育出黄羽肉鸡"岭南黄鸡5号"和白羽肉 鸡"广明2号"两大新品种，并构建了新一代肉鸡生物育种技术体系。 一系列成效，标志着我国在肉鸡育种领域实现从跟跑到并跑的跨越发展。 育种从"引进来"到"走出去" 鸡肉是全国第二大消费肉类，主要为白羽肉鸡、黄羽肉鸡和小型白羽肉鸡三种。其中，白羽肉鸡产量占 比超七成，尤其在"无鸡不成宴"的广 ...

Group 1 - The latest price of live pigs on February 4 is 12.85 yuan per kilogram, reflecting a 12.72% increase over the last 60 days [1][2] - Related producers include companies such as Jijing Zhino (000048), Zhenghong Technology (000702), Luoniushan (000735), and others [1][2] Group 2 - Cyclical stocks refer to publicly listed companies that produce raw materials, with their profits significantly affected by fluctuations in raw material prices [3] - Utilizing the price fluctuation data from the business community to identify buying signals for cyclical stocks before quarterly and annual reports is an important investment strategy [3]

Investment Rating - The report maintains an "Outperform" rating for the agriculture, forestry, animal husbandry, and fishery industry [1][4]. Core Views - The report anticipates a reversal in the livestock cycle, particularly benefiting Hong Kong dairy farming stocks [1]. - The monthly recommended stock portfolio includes leading companies in various segments: Yuran Agriculture, Modern Farming, Muyuan Foods, Dekang Agriculture, and Lihua Co., among others [1][3]. - The report highlights the expected upward trend in domestic beef and milk prices, driven by a recovery in the livestock cycle and improved cash flow for leading companies [1][14]. Summary by Sections Livestock Sector - The livestock sector is expected to experience a significant turnaround, with recommendations for Yuran Agriculture and Modern Farming as key beneficiaries [1][14]. - The report notes that domestic beef production capacity is decreasing, which may lead to price increases through 2028 [14]. - The improvement in raw milk prices is anticipated to benefit dairy farming companies, with a projected profit increase for Yuran Agriculture and Modern Farming [17]. Swine Sector - The swine sector is highlighted for its potential recovery, with leading companies like Huazhong, Dekang Agriculture, and Muyuan Foods recommended for investment [1][14]. - The report indicates that the industry is moving towards a more stable price center, supported by a reduction in production capacity and improved cash flow for leading firms [15][20]. Poultry Sector - The poultry sector is expected to see a recovery in demand, with recommendations for Lihua Co. and Shengnong Development [1][18]. - The report notes that the supply of white feather chickens is increasing, but demand is expected to improve, leading to potential price recovery [22][24]. Pet Sector - The pet food market is identified as a growing segment, with a focus on domestic brands like Guibao Pet [1][16]. - The report emphasizes the long-term growth potential of the pet sector, driven by rising consumer sentiment and market expansion [16]. Feed Sector - The feed sector is expected to benefit from deeper industrialization in livestock farming, with leading companies like Haida Group recommended [1][18]. - The report notes that feed prices are at historical lows, providing a strong support level for future price recovery [18].

登录新浪财经APP 搜索【信披】查看更多考评等级 本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、误导性陈述或者重大 遗漏。 山东益生种畜禽股份有限公司（以下简称"公司"）于2026年1月29日召开第七届董事会第二次会议，审 议通过了《关于设立募集资金专项账户并授权签署募集资金监管协议的议案》，董事会同意公司在招商 银行设立募集资金专项账户（以下简称"专户"），用于暂时补充流动资金的募集资金的专项存放、管理 和使用，并授权董事长与保荐机构、募集资金专户开户银行签署募集资金监管协议。现将有关情况的进 展公告如下： 一、募集资金的基本情况 三、募集资金监管协议的主要内容 （一）协议各方 甲方：公司 乙方：招商银行股份有限公司烟台分行 丙方：国投证券股份有限公司 （二）协议主要内容 经中国证券监督管理委员会《关于同意山东益生种畜禽股份有限公司向特定对象发行股票注册的批复》 （证监许可〔2023〕1598号）同意注册，公司本次向特定对象发行股票数量为113,502,935股，发行价格 为10.22元/股，募集资金总额为人民币1,159,999,995.70元，扣除相关发行费用后，公司实际募集资 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002458 证券简称：益生股份 公告编号：2026-013 山东益生种畜禽股份有限公司 关于设立募集资金暂时补充流动资金专项账户并签署监管协议的公告 本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、误导性陈述或者重大 遗漏。 山东益生种畜禽股份有限公司（以下简称"公司"）于2026年1月29日召开第七届董事会第二次会议，审 议通过了《关于设立募集资金专项账户并授权签署募集资金监管协议的议案》，董事会同意公司在招商 银行设立募集资金专项账户（以下简称"专户"），用于暂时补充流动资金的募集资金的专项存放、管理 和使用，并授权董事长与保荐机构、募集资金专户开户银行签署募集资金监管协议。现将有关情况的进 展公告如下： 一、募集资金的基本情况 经中国证券监督管理委员会《关于同意山东益生种畜禽股份有限公司向特定对象发行股票注册的批复》 （证监许可〔2023〕1598号）同意注册，公司本次向特定对象发行股票数量为113,502,935股，发行价格 为10.22元/股，募集资金总额为人民币1,159,999,995.70元，扣除相关发行费用 ...

Investment Rating - The industry investment rating is "Outperform the Market" (maintained) [2] Core Insights - The 2026 Central Document emphasizes agricultural modernization, focusing on stabilizing grain production, promoting healthy development in animal husbandry, and enhancing agricultural technology innovation [3][4][5] - The grain production target has been raised to approximately 1.4 trillion jin, with initiatives to improve grain quality and variety [5][6] - The document acknowledges the success of previous measures in the livestock sector and introduces new strategies to boost dairy product consumption [8][9] - Agricultural technology innovation is highlighted, with a focus on the implementation of breeding actions and the integration of AI in agriculture [15][21] Summary by Sections Grain Sector - The document sets a grain production target of stabilizing at around 1.4 trillion jin and emphasizes quality improvement and variety enhancement [5][7] - It includes measures to protect farmers' interests, such as determining minimum purchase prices for rice and wheat [5][7] - The document also stresses the importance of developing a futures market for agricultural products [5][7] Livestock Sector - The document reinforces the need for comprehensive regulation of pig production capacity and acknowledges the success of previous measures in stabilizing the beef and dairy industries [8][9][11] - It promotes measures to enhance dairy product consumption and supports the development of forage crops [9][11] Agricultural Technology - The document continues to emphasize the implementation of breeding actions and the promotion of breakthrough varieties [15][16][17] - It encourages the development of high-end intelligent agricultural machinery and the integration of AI, drones, and IoT into agricultural practices [21][25] Investment Recommendations - The report recommends several companies across different segments, including: - Livestock: YouRan Agriculture, Modern Agriculture [27] - Swine: HuaTong Co., DeKang Agriculture, MuYuan Co., Wen's Co., TianKang Bio, and ShenNong Group [27] - Pet Industry: GuaiBao Pet [27] - Feed: HaiDa Group [27] - Poultry: LiHua Co., YiSheng Co., and ShengNong Development [27] - Animal Health: HuiSheng Bio [27] - Planting Chain: Hainan Rubber, QuanYin High-Tech, Guotou Fengle, and LongPing High-Tech [27]

关于设立募集资金暂时补充流动资金专项账户并签署监管协议的公告 证券代码：002458 证券简称：益生股份 公告编号：2026-013 山东益生种畜禽股份有限公司 关于设立募集资金暂时补充流动资金专项账户 并签署监管协议的公告 本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、误导性陈述或者重大遗漏。 山东益生种畜禽股份有限公司（以下简称"公司"）于 2026 年 1 月 29 日召开第七届董事会第二次会议，审议通过了《关于设立募集 资金专项账户并授权签署募集资金监管协议的议案》，董事会同意公 司在招商银行设立募集资金专项账户（以下简称"专户"），用于暂时 补充流动资金的募集资金的专项存放、管理和使用，并授权董事长与 保荐机构、募集资金专户开户银行签署募集资金监管协议。现将有关 情况的进展公告如下： 一、募集资金的基本情况 经中国证券监督管理委员会《关于同意山东益生种畜禽股份有限 公司向特定对象发行股票注册的批复》（证监许可〔2023〕1598 号） 同意注册，公司本次向特定对象发行股票数量为 113,502,935 股，发 行价格为10.22元/股，募集资金总额为人民币1,159,99 ...

Core Insights - The report emphasizes a favorable outlook for the livestock sector, particularly dairy farming, anticipating a significant cyclical reversal benefiting Hong Kong-listed dairy farming companies [1][12] - The investment strategy highlights a recommended monthly portfolio including leading companies in various segments such as dairy, pig farming, and pet food [1][3] Livestock Sector - The livestock sector is expected to experience a cyclical reversal, with both beef and milk prices projected to rise, driven by a reduction in domestic beef production and a historical low in milk prices [14][29] - Key recommendations include Yuran Dairy and Modern Farming, which are positioned to benefit from the anticipated price recovery in raw milk and beef [14][17] Pig Farming Sector - The pig farming sector is witnessing a stabilization in prices, with a notable increase in piglet prices, indicating a potential recovery in profitability for leading companies [20][21] - Recommended companies in this sector include Muyuan Foods, Wens Foodstuffs, and Huazhong Holdings, which are expected to benefit from improved cash flow and dividend returns [3][15] Poultry Sector - The poultry sector is seeing a slight increase in supply, with expectations of demand recovery supporting price stability, particularly for broiler chickens [22][24] - Leading companies such as Lihua Agricultural and Shengnong Development are highlighted for their competitive advantages in cost management and market positioning [18][19] Pet Food Sector - The pet food market is identified as a high-growth area, benefiting from rising consumer sentiment and the emergence of domestic brands [16][18] - Companies like Guibao Pet Food are recommended for their strong growth potential in this segment [3][16] Feed Sector - The feed industry is expected to deepen its industrialization, with leading companies leveraging technological and service advantages to enhance competitive positioning [1][3] - The report notes that feed prices are at historical lows, providing a supportive cost structure for producers [20][21] Agricultural Products - The report tracks agricultural product prices, noting fluctuations in pork, chicken, and feed prices, with implications for overall market dynamics [2][21] - The analysis indicates that soybean meal prices are at historical lows, while corn prices are stabilizing, suggesting a tightening supply-demand balance in the medium term [20][21]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The pig price is weakening, and supply pressure remains after the festival, with the current industry breeding profit turning positive and the sentiment for replenishment continuing to recover [2][12] - The industry policy is undergoing a profound transformation, focusing on protecting farmers' rights and activating enterprise innovation, which may lead to a better performance of growth stocks in the future [3][12] - The high-quality development of the industry is imperative, with cost-leading and farmer-linked enterprises likely to enjoy excess profits and valuation premiums [3][13] Summary by Sections 1. Swine Industry - The swine breeding sector has seen a slight increase of 0.2%, gradually digesting concerns about slow capacity reduction [2][12] - The average weight of pigs for slaughter has decreased from high levels, with prices adjusting weakly to 12.31 CNY/kg [2][12] - The price of 7 kg piglets has risen to 367 CNY, indicating a weak expectation for capacity reduction [2][12] - The policy shift towards protecting farmers' rights and promoting innovation is expected to positively influence pig prices and profitability in 2026 [3][12] 2. Poultry Industry - The poultry sector is experiencing a contradiction of "high capacity, weak consumption," with the price of broiler chickens at 3.7 CNY/kg, down 3.4% week-on-week [4][13] - The impact of avian influenza in France may lead to a reduction in imported breeding chickens, potentially increasing prices for parent stock [4][13] - Integrated enterprises and contract farming are expected to expand market share in 2026 [4][14] 3. Feed Industry - The prices of various aquatic products have rebounded, with significant year-on-year increases for some species [5][15] - Hai Da Group is recommended due to its clear long-term growth path and plans to increase its dividend payout ratio [6][15][16] - The company aims for a global sales target of 100 million tons by 2050, with ongoing overseas market expansion [6][16] 4. Pet Industry - The pet industry is facing pressure with concerns over Q4 2025 performance, but there are signs of recovery in domestic sales [7][17] - Companies like Zhongchong and Peidi are recommended for their strong domestic sales growth potential [7][17] 5. Agricultural Products - Domestic soybean meal prices have increased slightly, supported by weather disturbances and procurement demand [8][18] - Corn prices have shown fluctuations, with a slight decrease due to reduced channel stocking [8][18] - The price of eggs has decreased, indicating a potential peak in trade inventory [8][18]