Core Viewpoint - The transaction aims to enhance the core competitiveness of the company by concentrating resources and supporting the green farming and digital upgrade of Feiduoduo [1] Group 1: Transaction Details - Xinjiang Yitai Fu Animal Husbandry Co., Ltd. plans to increase its investment in Xinjiang Feiduoduo Organic Ranch Co., Ltd. by 1.8 million yuan [1] - After the completion of the transaction, the company's shareholding in Feiduoduo will decrease from 99% to approximately 9.9% [1] - Yitai Fu will hold 90% of Feiduoduo's equity, and the company will no longer consolidate Feiduoduo's financial statements [1] Group 2: Strategic Intent - The transaction is intended to focus resources on strengthening the company's main business competitiveness [1] - The support for Feiduoduo's green farming and digital upgrade is a key aspect of the strategic intent behind the transaction [1] Group 3: Approval Process - The transaction is subject to approval by the company's shareholders' meeting [1]

农产品团队 | 作者： | 王亮亮 | | --- | --- | | 从业资格证号： | F03096306 | | 投资咨询证号： | Z0017427 | | 联系方式： | 010-68578697 | | 作者： | 侯芝芳 | | 从业资格证号： | F3042058 | | 投资咨询证号： | Z0014216 | | 联系方式： | 010-68578922 | | 作者： | 王一博 | | 从业资格证号： | F3083334 | | 投资咨询证号： | Z0018596 | | 联系方式： | 010-68578169 | | 作者： | 宋从志 | | 从业资格证号： | F03095512 | | 投资咨询证号： | Z0020712 | | 联系方式： | 18001936153 | 投资咨询业务资格：京证监许可【2012】75号 成文时间：2025年06月05日星期四 更多精彩内容请关注方正中期官方微信 期货研究院 养殖油脂产业链日度策略报告 摘要 豆一：东北市场大豆价格平稳，产区粮源较为紧张，农户忙于春耕 ，无暇售粮，贸易商收粮也较为困难，因此市场挺价意愿浓厚。销 区市场目前以 ...

据悉，邦基科技拟收购RiverstoneFarmPte.Ltd.持有的六家山东农牧企业全部股权。这些企业包括山东北 溪农牧有限公司、山东瑞东伟力农牧有限公司、山东鑫牧农牧科技有限公司。同时还涉及瑞东农牧（利 津）有限公司、瑞东农牧（山东）有限责任公司、瑞东威力牧业（滨州）有限公司的100%股权。 齐鲁晚报·齐鲁壹点 李牧青 邦基科技于6月4日发布公告，公司正筹划重大资产重组事项。该项交易涉及以发行股份及支付现金相结 合的方式，收购多家农牧企业股权。 净利润连续三年下滑，原因在于公司毛利率持续承压：饲料产品结构向低毛利的配合料倾斜(适应"公司 +农户"模式)，叠加产能爬坡期固定成本高企，公司毛利率从2022年13.73%降至2024年9.23%；此外， 公司现金流恶化：客户转向规模化养殖场后赊销比例激增，致使经营活动净现金流从2022年5907万元转 为2024年-1.1亿元。 而对于邦基科技收购七家农牧企业股权，有分析指出，向主业的下游板块拓展，或是饲料企业穿越周期 的一次破局尝试。 此次交易还包括派斯东畜牧技术咨询（上海）有限公司80%的股权收购。公司已与交易对方签署《关于 发行股份及支付现金购买资产之意向 ...

投资者关系活动记录表 二、回答投资者的有关问题： 1、大型白羽肉鸡与益生 909 小型白羽肉鸡的用途？ 证券代码：002458 证券简称：益生股份 山东益生种畜禽股份有限公司 投资者关系活动记录表 编号：2025-06 投资者关系 活动类别 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 活动参与人员 天风证券：林毓鑫星石投资：王辉 时间 2025 年 6 月 4 日 地点 山东益生种畜禽股份有限公司会议室 形式 现场调研 上市公司 接待人员姓名 证券事务代表：李玲女士 交流内容及具体 问答记录 一、公司情况介绍： 益生股份成立于 1989 年，主要引进、繁育世界优质畜禽良种， 向社会推广种鸡、种猪及商品肉雏鸡，公司以高代次畜禽种源供应为 核心竞争力，是我国乃至亚洲最大的祖代肉种鸡养殖企业，祖代肉种 鸡饲养规模连续十多年雄居全国第一，约占国内进口种鸡市场 1/3 的 份额，公司商品代鸡苗的销量在国内也是最多的。 公司以高代次畜禽种源供应为核心竞争力，是白羽肉鸡行业的龙 头企业，公司在山东、江苏、安徽、黑龙江、河北、山西和新疆 7 个 省（自治区）建立种禽养 ...

证券研究报告 牧原股份 (002714 CH) 2025 年中期策略会速递— 增出栏+降成本+国际化稳步推进 | 华泰研究 | | | 更新报告 | | --- | --- | --- | --- | | 2025 年 | 6 月 | 05 日│中国内地 | 农林牧渔 | 6 月 4 日牧原股份出席了我们组织的 2025 年中期策略会，会上公司沟通了 1~4 月生猪出栏量持续同比高增，养殖完全成本亦延续明显改善、4 月已降 至 12.4 元/公斤，同时单头增益战略亦已有一定成效。公司已递交 H 股发行 申请书，项目正在推进中，在国际资本市场的亮相或有助于公司后续逐步拓 展全球商业版图。我们认为，今年以来猪价虽处于下行周期中，但下跌偏缓、 养殖行业仍处于盈利空间，看好公司养殖成本领先+单头增益空间逐步提升 优势下的盈利兑现能力。维持"买入"评级。 月度出栏持续同比高增，单头生猪价值提升路径清晰 生猪出栏方面，今年以来公司出栏量延续同比高增，4 月公司出栏生猪 811 万头、同比+49%，1~4 月累计出栏生猪 3077 万头、同比+43%；1~4 月累 计实现生猪销售收入约 485 亿元、同比+39%。育肥完全 ...

Core Viewpoint - Guangdong Yuehai Feed Group Co., Ltd. (Yuehai Feed) has launched the "Yuehai Wealth Creation Campaign: Winning Summer Action" to capitalize on the peak season for aquaculture, aiming for dual goals of customer success in farming and a significant increase in group sales [2][3]. Group 1: Business Performance - From January to April this year, Yuehai Feed collected nearly 300 million yuan in advance payments, representing a year-on-year increase of nearly 50% [2]. - Product sales have shown significant growth, with high-end fish feed up over 15%, small shrimp feed up over 56%, yellow catfish feed up over 66%, live fish feed up nearly 50%, and puffed tilapia feed up over 36% [2]. Group 2: Strategic Focus - The "Winning Summer Action" will benchmark against industry leaders and focus on six strategic initiatives to enhance business operations [3]. - The company plans to strengthen channel cooperation and expand coverage of feed, seedling, and animal health products, while enhancing customer loyalty through continuous service [3]. Group 3: Market Expansion - Yuehai Feed will focus on high-end feed for shrimp, grouper, yellow catfish, and bass, as well as freshwater fish varieties like puffed tilapia and grass carp, targeting weak areas for market penetration [3][4]. - The company aims to achieve the highest market share in key regions and product categories [3]. Group 4: Service and Brand Development - To ensure service quality, Yuehai Feed will increase service frequency at farms and conduct skill competitions to strengthen the marketing team [3]. - Brand enhancement will be pursued through case studies, promotion of farming models, and community initiatives [3].

0530强势股脱水 | 龙头底部大涨，创新药真的要 回血了吗？ 2025/05/30 17:40 ①创新药龙头：2024年公司在保持研发强度基本稳定的情况下，持续优化创新研发体系，提升研 发效率，研发投入共计55.54亿元。其中公司制药业务研发投入49.10亿元，占制药业务收入的 16.98%。我们看好公司持续高研发投入强度下，创新药产品收入占比持续提升。 ②具有竞争力的养殖企业：公司2024年1-12月生猪出栏量达275.52万头，其中商品猪出栏268.38 万头，同比增长50.76%。当前公司有18万头以上种猪场产能和28万头以上存栏种猪，有效支撑 公司生猪养殖产能规模稳健、持续增长。 ③人造草坪龙头：人造草坪相比天然草坪具备明显性能（耐用性、抗老化性、节约用水等）、成 本（安装维护）优势，持续替代天然草坪，出口占比近90%。据QYR统计与预测，2023年全球人 造草坪市场销售额达到220.63亿元，预计2030年达到382亿元的规模。 本文是对当日大涨公司进行研报深度复盘，相关个股信息仅供参考，不构成投资建议。 1、复星医药：H带A （1）大涨题材：医药 公司港股近两日涨超13%，创去年10月以来新高， ...

Group 1 - The average price of pork in China's wholesale market has decreased by 9.3% from January to May, indicating a downward trend in pork prices this year [1] - The prices of live pigs and pork have dropped from 16.57 yuan/kg and 27.75 yuan/kg in January to 14.93 yuan/kg and 25.68 yuan/kg in May, with cumulative declines of 9.9% and 7.5% respectively [1] - The price of piglets has increased by 19% this year, rising from 32.77 yuan/kg in January to 39.01 yuan/kg in May, although there has been a recent slight decline in the growth rate [1][2] Group 2 - The recovery in consumer demand has supported pork prices despite a significant increase in the supply of commodity pigs [2] - From January to April, the number of pigs slaughtered increased by 10.9% year-on-year, with April showing a 20% increase compared to the same month last year [2] - The decline in frozen product inventory has boosted the demand for fresh pork in the catering sector [2] Group 3 - The pig farming industry remains profitable, with average profits per head dropping below 100 yuan as of April 2025, despite a decline in pork prices [3] - Production costs for pig farming are at their lowest since 2019, aided by lower feed prices and improved breeding efficiency [3] - The number of breeding sows has increased slightly, indicating a potential rise in pig supply in the second half of the year [3] Group 4 - Seasonal price increases for pork are expected in the second half of the year, but the year-on-year growth will be significantly lower than in previous years [4] - Farmers are advised to manage their sales strategies carefully to avoid high costs associated with piglet purchases and secondary fattening [4]

交易咨询业务资格：证监许可【2012】1091号 生猪期货早报 2025-06-03 大越期货投资咨询部：王明伟 从业资格证号：F0283029 投资咨询资格证号：Z0010442 联系方式：0575-85226759 1 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 CONTENTS 目 录 1 每日提示 2 近期要闻 3 多空关注 4 基本面数据 1.中国对美国和加拿大猪肉进口加征关税，提振市场信心，国内生猪消 费市场受五一小长假后进入淡季影响，大猪出栏有所减少，生猪供需双减， 现货价格短期震荡偏弱，盘面跟随呈震荡偏弱格局。 2.五一节后猪肉需求短期转淡，生猪现货价格受供需双减影响震荡偏 弱，生猪现货价格短期偏弱但受出栏减少影响下跌空间也或有限。 3.国内生猪养殖利润维持偏低位，短期仍有利润，大猪出栏积极性短期 尚好，供需双减压制短期生猪期现价格预期。 4.生猪现货价格五一节后或会震荡偏弱，期货短期整体维持震荡偏弱格 局，而何时企稳需观察未来供应减少和需求回升情况。 ...

Group 1: Wheat Harvesting and Mechanization - Large-scale mechanized harvesting of wheat is underway in Cao County, Shandong Province, covering an area of 1.59 million acres, with completion expected by June 10 [2][4] - Farmers are utilizing a "machine never rests" approach, working in shifts to maximize efficiency during favorable weather conditions [2][4] - The local agricultural departments have formed six technology teams to provide guidance on scientific harvesting and ensure proper transportation, drying, and storage of wheat [6] Group 2: Wheat Breeding and Research - As of May 30, over 60% of wheat harvesting has been completed in Henan, with breeding trial fields entering the harvest phase [8] - Researchers at Henan Agricultural University are meticulously selecting superior wheat strains from over 700 different varieties in a 235-acre breeding trial [10][12] - The breeding process involves careful observation and data recording of individual wheat plants to identify high-yield and disease-resistant varieties [12][16] Group 3: Impact of Weather on Harvesting - Recent heavy rainfall in Hubei has alleviated drought conditions for rice but posed challenges for post-harvest drying of wheat [19][21] - Drying enterprises are operating 24/7 to prevent wheat grains from becoming moldy due to rain exposure [19][21] - Hubei's drying machine inventory exceeds 11,000 units, with a processing capacity of over 240,000 tons, meeting the province's grain drying needs [23] Group 4: Youth Engagement in Agriculture - A young team in Jiangxi Province, averaging 26 years old, is innovating traditional sericulture practices, significantly improving efficiency and creating over 300 jobs [24][30] - The team has introduced smart equipment and a factory-style breeding model, enhancing productivity and reducing labor costs [26][28] - Their business model supports local farmers by providing seedlings and training, fostering community engagement in sericulture [30][32]