南财智讯2月3日电，隆平高科在投资者关系活动中表示，针对国内玉米行业低迷现状，公司已提前储备 耐密植和转基因品种等下一代玉米品种，其中转基因品种已获得市场推广认可；部分5500-6000株/亩的 耐密植品种将通过国审审定推向市场；同时通过2025年收购武汉川禾布局鲜食玉米赛道、控股黑龙江乾 吉落子黄金玉米带，2026年将继续抓住外延扩张机会保障国内业务稳定。 ...

南财智讯2月3日电，隆平高科在投资者关系活动中表示，在国内水稻种子行业竞争加剧、极端气候频发 背景下，公司水稻业务保持稳健经营，市场占有率超20%；已前瞻性布局优质稻品种，围绕市场需求推 进高附加值品种的研发与储备；在东南亚等国际市场，依托中国与当地农业科技"代际差"，推进适应当 地气候条件、满足种植需求的品种选育与本土化布局。 ...

南财智讯2月3日电，隆平高科在投资者关系活动中表示，2025年度隆平巴西通过优化组织结构、强化市 场研判与营销运作实现量价齐升；在供应链、人力、财税等方面实施全方位精益降本，毛利率预计同比 提升8个百分点以上；并通过约40亿元人民币银团贷款置换高利率债务、运用五年期套期保值工具严控 外汇风险敞口，财务费用较上年同期下降约超90%；未来将持续强化运营能力、营销运作及降本增效， 推进负债结构优化，力争2026年实现扭亏为盈。 ...

Group 1: Financial Performance and Strategies - 隆平巴西 significantly reduced losses through organizational optimization and enhanced marketing strategies, achieving a gross profit margin increase of over 8% year-on-year [2][3] - Financial expenses decreased by approximately 90% compared to the previous year due to the replacement of high-interest debt with a RMB 4 billion syndicated loan [2][3] - The company aims to achieve profitability in 2026 by optimizing its debt structure and improving capital management [3] Group 2: Rice Industry Outlook - The company maintains a market share of over 20% in the rice seed industry, demonstrating resilience amid increased competition and extreme weather conditions [4] - Future growth opportunities exist in international markets, particularly in Southeast Asia, where the company can leverage its technological advantages [4] Group 3: Specialized Business Development - The specialized business segment showed varied performance, with steady growth in sunflower and pepper seed businesses, while the millet seed business faced a decline due to market price adjustments [5][6] - The company plans to expand its product categories and enhance international operations while managing risks effectively [5][6] Group 4: Corn Industry Challenges - The domestic corn seed industry is currently in a downturn, with expectations of continued challenges over the next one to two years [6] - The company is proactively preparing next-generation corn varieties and has a good cash flow to seize opportunities during this low period [6]

长江商报消息 ●长江商报记者 徐阳 隆平高科（000998.SZ）2025年逆势增长，展现出作为种业龙头的经营韧性。 根据业绩预告，2025年，隆平高科预计实现归母净利润为1.3亿元至1.9亿元，上年同期盈利1.14亿元， 同比增长14.17%至66.86%；预计实现扣非净利润为6000万元至8800万元，上年同期亏损2.89亿元，同比 扭亏。 隆平高科积极应对行业波动，不断提升经营韧性。 2025年度业绩预告显示，隆平高科预计2025年度归属于上市公司股东的净利润（以下简称"归母净利 润"）对比2024年同期增长14.17%至66.86%，扣除非经常性损益后的净利润（以下简称"扣非净利润"） 扭亏为盈。 结合前三季度财务数据，长江商报记者粗略计算，隆平高科2025年第四季度的归母净利润将超过7.94亿 元、扣非净利润超过7.6亿元，这一亮眼业绩一举扭转前三季度的亏损局面。 根据公告，隆平高科2025年年度业绩增长主要得益于国外玉米业务多措并举，营业收入实现增长，利润 大幅减亏，以及公司持续推行精细化资金管理的模式。 作为以袁隆平院士的名字命名、中信集团实控管理的民族种业领军企业，隆平高科盈利能力大幅改善的 ...

Investment Rating - The industry rating is "Outperform the Market" [70] Core Insights - The pig farming sector is experiencing a faster pace of market release, leading to a decline in pig prices. As of January 30, the price was 12.24 CNY/kg, down 0.68 CNY/kg week-on-week. The profits for self-bred and purchased piglets were 25.10 CNY/head and 124.13 CNY/head, showing a week-on-week change of -18.25 CNY and +8.29 CNY respectively [2][8][29] - In the beef sector, calf prices are rising, and import restrictions on beef are expected to support long-term price increases. As of January 30, the price for fattened bulls was 25.71 CNY/kg, up 0.19% week-on-week, while calf prices were 33.14 CNY/kg, up 0.15% week-on-week [3][31] - The poultry sector is seeing an increase in white chicken prices due to pre-Spring Festival stocking. As of January 30, the price for white feathered meat chickens was 7.74 CNY/kg, up 0.24% week-on-week [3][36] Summary by Sections Pig Farming - The pace of market release is accelerating, resulting in a decline in pig prices. The average weight of pigs released is decreasing, with the industry average at 127.86 kg, down 1.03 kg week-on-week. The supply from large farms is increasing, contributing to the price drop [2][19][29] - The number of breeding sows has decreased to 39.61 million, down 290,000 from October, indicating a gradual effect of capacity reduction policies [2][29] Beef Industry - The calf market is tight, leading to price increases. The long-term outlook for beef prices is positive due to supply constraints from reduced breeding cow numbers [3][31] - The Ministry of Commerce has implemented measures to restrict imported beef, which is expected to benefit domestic beef prices [3][31] Poultry Sector - The white chicken market is experiencing price increases due to tight supply and increased demand from pre-holiday stocking. The price for chicken products is also rising, with a notable increase in profits for both chicken farming and slaughtering [3][36][39] Dairy Industry - The raw milk price is currently at a low point, with expectations for continued capacity reduction. As of January 23, the price was 3.04 CNY/kg, up 0.33% week-on-week. The industry is expected to stabilize as supply decreases [3][32][34] Seed Industry - The Ministry of Agriculture is enhancing market inspections and intellectual property protection in the seed industry, which is expected to improve market order and accelerate the commercialization of genetically modified crops [3][45]

证券之星消息，2月2日种植业板块较上一交易日下跌6.54%，荃银高科领跌。当日上证指数报收于 4015.75，下跌2.48%。深证成指报收于13824.35，下跌2.69%。种植业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002772 | 众兴菌业 | 17.10 | 4.20% | 32.90万 | | 5.57亿 | | 002041 | 壹海种业 | 11.64 | 3.10% | 125.74万 | | 14.19 Z | | 600883 | 博闻科技 | 8.50 | -1.28% | ● 7.61万 | | 6522.79万 | | 603336 | 宏辉果蔬 | 9.12 | -1.94% | 13.58万 | | 1.25亿 | | 300511 | 雪榕生物 | 6.00 | -2.44% | 23.26万 | | 1.41亿 | | 920087 | 秋乐种业 | 20.44 | -2.81% | 22.51万 | | 4.41亿 ...

证券日报网讯 2月2日，隆平高科在互动平台回答投资者提问时表示，机构投资者的持股比例受市场环 境、行业周期及机构资金配置策略调整等多重因素影响。公司高度重视资本市场价值和投资者长期价值 回报，持续通过经营韧性提升、并购重组、优化资产结构、现金分红、信息披露、投资者关系管理、价 值传播等多维度开展工作，全面传递公司发展战略与内在价值。 （文章来源：证券日报） ...

Investment Rating - The report maintains an "Overweight" rating for the Agriculture, Forestry, Animal Husbandry, and Fishery sector [2] Core Insights - The report highlights that the planting chain has shown significant excess returns during inflation cycles, with a total excess return of 140 percentage points and 126 percentage points compared to the CSI 300 index during five inflation periods [6] - Current inflation expectations are rising, driven by a 16% increase in Brent crude oil prices since January, which is expected to catalyze the planting chain [5][7] - The report suggests increasing allocation to the planting industry chain, particularly in corn and cotton, due to favorable price trends and low fund holdings in the sector [9] Summary by Sections Investment Recommendations - Recommended stocks include Longping High-Tech (000998 CH) with a target price of 12.77 and a "Buy" rating, and Denghai Seeds (002041 CH) with a target price of 12.06 and an "Overweight" rating [4][22] Market Trends - As of Q4 2025, the fund holding ratio for the agriculture/planting sector is at 1.18% and 0.07%, respectively, indicating a low allocation compared to historical levels [8][9] - The report notes that domestic corn and cotton prices have shown an upward trend since 2025, with January 2026 average prices up 10% and 11% compared to the lowest monthly averages in 2025 [7][9] Historical Performance - The analysis of past inflation cycles indicates that the planting and agricultural processing sectors typically outperform the market, with the planting sector achieving a cumulative excess return of 657% compared to the CSI 300 index over five inflation periods [20] Future Outlook - The report anticipates that the recovery of core inflation indicators and the optimization of supply-demand dynamics will support price increases in the planting chain, further enhancing investment opportunities [7][9]

当前时点如何看农业种植链机会？20260130 摘要 全球粮食进入去库存周期，玉米和大豆库存消费比降至历史低位，供应 趋紧，而 2026 年需求向好，粮价进入底部区间，具备上涨潜力。 宏观层面，美元降息预期带来大宗商品流动性宽松，油价上行通过成本 端传导至农业，共同推动粮价上涨，资源品价格轮动已开始抬升农产品 价格预期。 资金面上，各类资产轮动寻找机会，种植业资金配置处于历史低位（约 0.1%），市场对农产品价格上行预期升温，种植链存在反弹机会。 种业板块周期筑底与成长叙事并存，2026 年粮价下跌对种业的拖累效 应将消退，行业竞争激烈但种子需求有望提升，库存有望消化。 转基因是种业核心驱动力，自 2021 年产业化启动以来推广面积快速提 升，预计 2026 年转基因渗透率加速提升，种业迎来科技升维和格局优 化。 玉米方面，2025 年全球产量创新高但库销比仍在下降，需求改善超预 期，2026 年春播面临挑战，需求良好态势延续，支撑价格回暖。 大豆方面，增产主要来自南美，易受天气影响，北美扩种动力不足，需 通过价格上涨改变潜在不足预期，基本面具备上行基础。 Q&A 目前农业种植链板块的整体观点是什么？ 我们认 ...