上一禽流感流行季，韩国累计报告46起疫情，共扑杀逾百万只鸡。受此影响，该国鸡蛋价格一度暴涨。 （文章来源：央视新闻） 韩国畜产品质量评价院数据表明，韩国上周30枚装大号鸡蛋的零售均价突破7000韩元（约合34元人民 币），而同一商品价格11月维持在6000韩元（29元人民币）至7000韩元区间。 就在本月24日，韩国通报新增三起高致病性禽流感疫情，使得本禽流感流行季（通常为秋冬至次年春 季）累计疫情数量增至21起。其中，入冬以来，韩国蛋鸡养殖场共报告11起禽流感疫情，几乎是去年同 期的两倍。韩国农林畜产食品部表示，确认疫情后，今冬已有约300万只蛋鸡被扑杀。 韩国全国日均产蛋量约5000万枚，扑杀蛋鸡估计导致鸡蛋产量下降3%至4%。不过，依照农林畜产食品 部说法，目前韩国的鸡蛋供应未受重大影响。该部门表示，今年5月鸡蛋平均零售价四年来首次突破 7000韩元，相关养殖场随后便扩大蛋鸡饲养规模，本月鸡蛋产量大致与去年同期持平。 韩国12月25日公布的行业数据显示，因入冬以来发生多起高致病性禽流感疫情，该国鸡蛋价格出现上 涨，鸡蛋供应或受严重影响。 ...

转自：北京日报客户端 据日本共同社等日媒报道，当地时间20日，日本冈山县表示，该县津山市一农场出现的疑似高致病性禽 流感病例，经基因检测确认呈阳性。据报道，该农场饲养的约43万只蛋鸡将被扑杀。 有关部门目前正在调查感染源，排查所有疑似病例或与患者有过接触的人员。柬埔寨卫生部呼吁民众对 禽流感威胁提高警惕，不要食用病死家禽。 美国华盛顿州卫生部门发布公报说，该州一名感染H5N5型禽流感病毒的居民于11月21日死亡。这是全 球首次报告人类感染这种禽流感毒株的病例。 据介绍，这名患有基础疾病的老年病例感染的是H5N5型禽流感病毒。调查显示，患者在自家后院饲养 多种家禽。华盛顿州卫生部门在其家后院禽类饲养环境中检测到禽流感病毒，认为患者最可能的感染途 径是接触家禽、饲养环境或野生鸟类。 据美疾控中心网站介绍，H5型禽流感在全球野生鸟类中广泛传播，并已在家禽和奶牛中引发疫情。从 全球范围来看，人类感染的H5型禽流感占据主导地位的是H5N1型毒株，H5N5型毒株的人类感染病例 尚属首例。 柬埔寨首都今年首现禽流感致人死亡病例 柬埔寨卫生部11月16日宣布，一名住在首都金边市的22岁男子因禽流感于11月15日去世。柬卫生部 ...

来源：中国新闻网 编辑：陈俊明 广告等商务合作，请点击这里 柬埔寨首都今年出现首例禽流感致人死亡病例 中新社金边11月16日电 (记者 杨强)柬埔寨卫生部当地时间16日证实，一名居住在金边的年轻男子因感 染禽流感(H5N1)病毒不幸死亡。当局敦促民众提高警惕，并采取有效预防措施。 根据报告，这名22岁男子病发时出现发烧、咳嗽、呼吸急促及呼吸困难等严重症状。虽经医疗团队全力 抢救，但其病情迅速恶化，于本月15日不治身亡。这是该国首都今年首次报告禽流感致人死亡病例。 事件发生后，柬埔寨卫生部立即启动相关应急响应机制。当地专业团队正在展开全面细致的流行病学调 查，追踪感染源头，排查密切接触者。为防止疫情在社区进一步传播，当局已向当地民众紧急调配并派 发抗病毒药物。 柬埔寨今年以来已记录17例人感染H5N1型禽流感病毒病例，其中6例死亡。在1月至今报告的多宗禽流 感致人死亡病例中，年纪最小的是一名年仅2岁7个月的儿童。 柬埔寨卫生部一名官员此前曾发出警告称，禽流感持续对柬民众生命健康构成严重威胁。(完) 本文为转载内容，授权事宜请联系原著作权人 中新经纬版权所有，未经书面授权，任何单位及个人不得转载、摘编或以其它方式 ...

Strong Individual Stocks - As of November 14, the Shanghai Composite Index fell by 0.97% to 3990.49 points, the Shenzhen Component Index decreased by 1.93% to 13216.03 points, and the ChiNext Index dropped by 2.82% to 3111.51 points. A total of 90 stocks in the A-share market hit the daily limit up [1] - The top three strong stocks based on current consecutive limit-up counts and daily trading data are: Guosheng Technology (603778), Jindike (688670), and Sanfu Outdoor (002780) [1] - Detailed data for the top 10 strong stocks includes: - Guosheng Technology (603778): 5 consecutive limit-ups, turnover rate of 28.87%, and a closing price of 15.1 - Jindike (688670): 3 limit-ups in 5 days, turnover rate of 8.56%, and a closing price of 2.7 - Sanfu Outdoor (002780): 2 consecutive limit-ups, turnover rate of 41.91%, and a closing price of 10.2 [1] Strong Concept Sectors - The top three concept sectors with the highest increase in A-shares are: Hainan Free Trade Zone, Horse Racing Concept, and Free Trade Port [2] - The detailed data for the top 10 concept sectors includes: - Hainan Free Trade Zone: increased by 4.63% - Horse Racing Concept: increased by 1.65% - Free Trade Port: increased by 1.59% [3]

Group 1 - The agricultural and fishery ETF (159275) showed stable performance with a 0.1% increase in price and a transaction volume of 1.9989 million yuan, bringing the fund's total size to 208 million yuan [1] - Key performing stocks included Zhongxing Junye, Xiaoming Co., and Biological Co., with increases of 4.76%, 4.1%, and 3.16% respectively, while Chenguang Biological, Shennong Seed Industry, and Zhangzidao experienced declines of 2.78%, 1.32%, and 1.27% [1] - Brazil's soybean import prices reached a historic high in mid-October, leading nearly 100 domestic grain and oil companies to suspend purchases of soybeans for December and January, affecting approximately 8 million tons [1] Group 2 - The pig farming industry is experiencing increased supply and rising prices due to higher demand for fat pigs, but continued losses in farming may accelerate capacity reduction [2] - The poultry farming sector faces uncertainty in breeding stock imports due to frequent outbreaks of avian influenza overseas, which may benefit the white feather chicken industry chain prices [2] - The animal health industry is expected to see a recovery in demand, with new product launches providing growth momentum, while the pet market continues to grow rapidly domestically [2]

Core Viewpoint - The recent outbreak of highly pathogenic avian influenza (HPAI) in several European countries has raised significant concerns, with countries like France, Germany, and the Netherlands increasing their risk levels and implementing control measures [1][2]. Summary by Sections Outbreak Severity - The World Organization for Animal Health reported a dramatic increase in avian influenza cases in Europe, with animal cases rising from 759 to over 60,000 in September, and poultry losses increasing from 291 to approximately 330,000 [1]. - Belgium reported 319 poultry deaths and over 60,000 culled due to the outbreak [1]. - Spain's Castilla y León region has been severely affected, with over 2 million birds impacted since September 19 [1]. Control Measures - Countries such as France, Germany, the Netherlands, Spain, Portugal, and Poland have implemented measures including culling infected poultry and restricting poultry movement to control the outbreak [1]. - The Netherlands announced the culling of approximately 161,000 birds at an infected farm and implemented nationwide confinement and isolation measures [2]. Wild Bird Transmission - Wild birds, particularly waterfowl, are identified as natural hosts for the avian influenza virus and are the primary source of outbreaks in poultry [2]. - France has reported an increase in avian influenza virus detections in migratory birds, indicating that these birds are likely spreading the virus to poultry [2]. Future Projections - The World Organization for Animal Health anticipates that the number of avian influenza outbreaks will continue to rise in the coming months [3]. - The Brandenburg state in Germany expects further spread of the virus as migratory birds move southwest, leading to increased poultry mortality [3]. Impact on Biodiversity and Trade - The outbreak poses a threat to endangered bird species, such as the critically endangered Great Bustard in Germany [4]. - The avian influenza outbreak has led to trade restrictions, such as Morocco suspending imports of poultry and eggs from Portugal [4]. - The European Centre for Disease Prevention and Control stated that the risk of avian influenza transmission to humans remains low, with no sustained human-to-human transmission observed [4].

Investment Rating - Industry Rating: Outperform the Market (maintained rating) [1] Core Viewpoints - The report highlights the ongoing challenges in the poultry industry due to the rising incidence of highly pathogenic avian influenza (HPAI), particularly in Europe, which has seen a significant increase in reported cases [4][5] - The report suggests that the heightened risk level for avian influenza in France may indicate an earlier onset of the flu season, impacting poultry farming practices and potentially leading to increased biosecurity measures [5] - There is a notable decline in the domestic breeding stock imports, with a 29.1% year-on-year decrease in the first nine months of 2025, primarily due to the suspension of imports from the US and New Zealand [6] Summary by Sections Industry Overview - The poultry industry is currently facing a critical period with the global outbreak of HPAI, which has resulted in 1,374 new cases reported globally, marking a 61.5% increase year-on-year [4] - The report emphasizes the need for close monitoring of overseas breeding stock imports and the structural changes in breeding practices as a response to the avian influenza threat [6] Market Trends - The report indicates that the poultry market is experiencing fluctuations, with a focus on the implications of avian influenza on supply chains and pricing strategies [6] - The report recommends paying attention to the emergence of domestic breeding opportunities and the importance of securing alternative breeding resources [6] Investment Recommendations - The report recommends focusing on companies that are well-positioned to adapt to the changing landscape, specifically highlighting Shengnong Development as a key player, while also suggesting to monitor Yisheng Livestock, Minhe Livestock, Hefeng Livestock, and Xiantan Livestock for potential investment opportunities [6]

Group 1 - The Dutch Ministry of Agriculture has issued a nationwide directive requiring poultry farms to implement indoor closed farming and banning bird exhibitions due to an outbreak of avian influenza in the northern part of the country [1] - The outbreak occurred in Drenthe province, marking the first case of avian influenza since March of this year, leading to the culling of approximately 71,000 chickens last week [1] - A restriction zone has been established within a 10-kilometer radius of the outbreak site, prohibiting the transportation of any animals [1] Group 2 - The "closed farming order" applies to both commercial farms and hobbyist poultry keepers, described as a "severe measure" by the Dutch Ministry of Agriculture [1] - The ministry aims to minimize the risk of avian influenza due to its "highly unpredictable" nature and will continue to monitor the situation closely [1] - Currently, Europe is in a seasonal peak period for avian influenza, with significant risks associated with the outbreak [2]

Market Overview - The A-share market experienced a day of fluctuation with all three major indices closing slightly lower, specifically the Shanghai Composite Index down by 0.37%, the Shenzhen Component down by 0.17%, and the ChiNext Index down by 0.24% [1][3][5] - The total trading volume in the Shanghai and Shenzhen markets was 1.60 trillion yuan, a decrease of 337.7 billion yuan compared to the previous trading day [5] Sector Performance - The top-performing sectors included Environmental Protection (up 0.88%), Media (up 0.82%), Light Industry Manufacturing (up 0.65%), Computer (up 0.60%), and Electric Power Equipment (up 0.54%) [2][3] - Conversely, the worst-performing sectors were Oil and Petrochemicals (down 1.79%), National Defense and Military Industry (down 1.47%), Steel (down 1.26%), Communication (down 1.06%), and Comprehensive (down 0.96%) [2][3] Concept Index Performance - The leading concept indices included Animal Vaccines (up 2.22%), DRG/DIP (up 1.87%), BC Battery (up 1.71%), Avian Influenza (up 1.62%), and ERP Concepts (up 1.61%) [2][3] - The lagging concept indices were related to the China Shipbuilding Industry (down 2.54%), Domestic Aircraft Carriers (down 1.45%), Civil Explosives (down 1.19%), Combustible Ice (down 1.14%), and National Fund Holdings (down 0.86%) [2][3] Future Outlook - The report indicates that despite the short-term technical adjustments in the market, the core logic supporting the A-share market remains unchanged, with recommendations to focus on sectors such as Machinery Equipment, Consumer Goods, TMT (Technology, Media, and Telecommunications), and Large Financials [5]

Strong Stocks - As of August 1, the Shanghai Composite Index fell by 0.37% to 3559.95 points, the Shenzhen Component Index decreased by 0.17% to 10991.32 points, and the ChiNext Index dropped by 0.24% to 2322.63 points [1] - A total of 51 stocks in the A-share market hit the daily limit up, with the top three strong stocks being Tianfu Wenlv (000558), Yatai Pharmaceutical (002370), and Lideman (300289) [1] - The detailed data for the top 10 strong stocks includes metrics such as trading volume, turnover rate, and industry classification [1] Strong Concept Sectors - The top three concept sectors with the highest increase in A-shares are Animal Vaccines, DRG/DIP, and BC Batteries, with respective increases of 2.22%, 1.87%, and 1.71% [2] - The detailed data for the top 10 concept sectors includes metrics such as the proportion of limit-up stocks and the proportion of rising and falling stocks [2]