Core Viewpoint - The company aims to establish a low-cost competitive system to smooth out the fluctuations of the pig cycle and create better returns for investors [2] Industry Development Outlook - Pork is the primary source of animal protein for Chinese residents and will maintain a dominant position in meat consumption in the long term, making it a stable and evergreen industry [2] - The pig farming market experiences cyclical price fluctuations due to factors such as growth cycles, inventory levels, feed prices, and market supply and demand [2] Cost Reduction Strategy - The company is focusing on reducing costs as a systematic project rather than merely cutting individual costs [2] - In 2024, the company plans to reduce fattening costs by 1.59 yuan per kilogram and weaning pig costs by 46.34 yuan per head compared to the previous year [2] - The company emphasizes technological innovation in genetic breeding, feed nutrition, and health farming to continuously lower pig farming costs and enhance profitability [2] Management and Operational Innovations - The company is committed to management innovation, enhancing internal management through project systems, and advancing digital transformation [2] - The company is accelerating the promotion of the "company + farmer" fattening model in consumption areas such as Hunan, Guangdong, and Guangxi [2] Environmental Considerations - The company is investing in environmental measures such as ventilation, odor control, and wastewater treatment, and has established a specialized environmental department [3] - The company aims to lower comprehensive costs without sacrificing the interests of stakeholders or increasing social and environmental costs [3] Business Structure and Strategy - The company has a clear division of its three main business segments: biological feed, healthy farming, and branded meat products [3] - The company follows a full industry chain operation strategy, focusing on professional development, industrial collaboration, and value prioritization to enhance profitability [3]

Group 1: Financial Performance - In Q1 2025, the company achieved a revenue of CNY 5.973 billion, representing a year-on-year growth of 22.40% [4] - The net profit attributable to shareholders was CNY -0.077 billion, with a year-on-year increase of 60.99% [4] Group 2: Challenges and Responses - The decline in feed business revenue was primarily due to a decrease in raw material prices and changes in the structure of downstream breeding groups, with a 11.33% year-on-year drop in feed sales volume [2] - The company plans to accelerate customer transformation and adjust its product structure towards high-margin, cost-effective feed products [2] Group 3: Market Strategy and Competitiveness - The company has a strong competitive advantage through a comprehensive industry chain strategy, advanced products and breeding technology, and digital transformation capabilities [3] - The company aims to maintain and enhance its market share amidst increasing competition by leveraging its 37 years of experience in the pig farming industry [3] Group 4: Cost Management and Risk Mitigation - The company implements a low-cost competitive system and comprehensive disease prevention management to address the cyclical fluctuations in pig prices [5] - In 2024, the company plans to reduce the cost of fattening pigs by CNY 1.59 per kilogram and the cost of weaned piglets by CNY 46.34 per head compared to the previous year [8] Group 5: Expansion Plans - The company focuses on national expansion, particularly in regions such as Hunan, Guangdong, Guangxi, and Shandong for its feed and pig production businesses [6][9] - The meat processing business is being developed through a combination of online and offline strategies for nationwide coverage [6] Group 6: Research and Development - The company continues to invest in product research and development, aiming for a 100% coverage of the new breeding sow system by 2025 [7] - Emphasis is placed on enhancing the quality of pork products and promoting regional specialties to increase the added value of the pig industry chain [7]

近日，唐人神（002567）披露财报显示，公司2024年度实现扭亏为盈，2025年一季度亏损规模同比明显 收窄。2025年，唐人神预计实现生猪出栏500万至550万头，不断降低养殖成本，在饲料、肉品业务中实 现"客户价值增加、公司量利增加、奋斗者收入增加"目标。 2024年度，唐人神实现营业收入243.43亿元，同比下降9.67%；实现归母净利润3.55亿元，同比扭亏为 盈。2025年一季度，唐人神实现营业收入59.73亿元，同比增长22.40%；实现归母净利润为亏损7705.16 万元，同比减亏超六成。 长期以来，唐人神围绕生猪全产业链展开生产经营，即分步骤发展饲料、养猪、肉品三大产业。其中饲 料产业为养殖产业提供高性价比的产品；养猪产业为下游屠宰加工企业提供安全可溯源的生猪；肉制品 产业可平滑猪价波动风险，增强盈利能力。 此外，针对贸易纠纷背景下可能的饲料成本变动，唐人神回应称，公司所需饲料原料中进口原料占比较 小，且饲料产品的定价方式以成本加成的定价模式为主。饲料产品涨价有利于公司消化原料涨价压力， 提升公司饲料盈利能力。此外，目前饲料原料价格整体上涨幅度较小，对公司养殖成本和养殖业务毛利 率影响较小。 ...

4月28日晚间，神农集团（605296.SH）发布2024年年度报告，交出了一份营收净利同比双增的"成绩单"。 在神农集团执行副总裁何昕阳看来，公司业绩能够在2024年成功扭亏为盈主要得益于猪价上涨和公司生猪养 殖成本的下降，"2024年，生猪价格一季度低位震荡，二季度止跌反弹，三季度快速上涨，四季度持续回落， 全年表现出了较高的盈利性，企业盈利水平较2023年显著改善。" 4月28日，何昕阳告诉新京报贝壳财经记者，公司已经组建了团队对猪周期的走势进行研判和预测，但是这件 事本身难度很大，"目前，我们的策略依然是做好能够确定的东西，就是降低生猪养殖成本，从提高饲料转化 效率、加强疫病防控、智能化养殖、提升产能利用率等多个方面进行降本增效，做好生产链，把猪养好。" 去年营收净利同比双增 生猪产品营收超37亿元 "目前，我们是把2025年阶段性完全成本目标定在12元/公斤。"4月28日，何昕阳告诉记者。 现有饲料生产基地年产能为160万吨 神农集团以饲料业务起家，分别于2002年和2005年开始拓展生猪养殖与生猪屠宰业务，并于2022年进入食品 深加工业务领域。 | | | 主营业务分产品情况 | | | | | ...

本报记者肖伟 4月28日晚间，唐人神集团股份有限公司（以下简称"唐人神"）发布2024年年度报告，公司实现营业收 入约243亿元，实现归属于上市公司股东的净利润约3.55亿元，实现归属于上市公司股东的扣除非经常 性损益的净利润约2.97亿元，一举实现扭亏为盈。 唐人神董秘孙双胜向《证券日报》记者表示："公司做大做强饲料业务、生猪养殖产业、肉制品业务。 三大业务协同发展，公司又加大在数字信息化、种猪技术、饲料营养技术等方面的投入，强化营运管 理，利用项目制打破部门墙，通过股权激励、高绩效薪酬制度等吸纳社会人才，共同提升公司盈利与抗 风险能力。" 唐人神是一家专注于生猪全产业链经营的农业产业化国家重点龙头企业，以生猪养殖为核心业务，形成 了"品种改良、饲料营养、健康养殖、肉品加工、价值服务"五大产业发展格局，覆盖饲料生产、种猪繁 育、商品猪育肥、生猪屠宰及肉品加工等全产业链环节。公司旗下拥有多个知名品牌，包括"唐人神"牌 肉制品、"骆驼"牌饲料和"美神"牌种苗，其中"唐人神"和"骆驼"均为中国知名商标，"美神"种苗通过美 国NSR认证，达到国际同步育种水平。 孙双胜向《证券日报》记者表示："公司打造了'生物饲料+ ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：001201 证券简称：东瑞股份 公告编号：2025-015 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 □适用 √不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 2、报告期主要业务或产品简介 公司是一家集生猪生产、科研、贸易于一体的现代化农业企业，是农业产业化国家重点龙头企业、国家 生猪核心育种场、农业农村部畜禽养殖标准化示范场、国家级生猪产能调控基地、内地供港澳活大猪优 质领先供应商和粤港澳大湾区"菜篮子"重要生产基地。形成了集"饲料生产、生猪育种、种猪扩繁、商 品猪饲养、活大猪供港、生猪内地销售、屠宰加工及冷链配送"于一体的生猪全产业链。 近年来，公司紧紧围绕省市关于大力发展现代高效农业、助力百千万工程的部署要求，坚持绿色高质量 发 ...