11月21日，正邦科技盘中下跌2.04%，截至14:27，报2.88元/股，成交3.01亿元，换手率1.43%，总市值 266.40亿元。 资金流向方面，主力资金净流出2719.08万元，特大单买入2285.34万元，占比7.59%，卖出6775.56万 元，占比22.52%；大单买入7290.73万元，占比24.23%，卖出5519.59万元，占比18.34%。 正邦科技今年以来股价跌1.37%，近5个交易日跌6.80%，近20日跌3.03%，近60日跌0.69%。 截至10月20日，正邦科技股东户数16.52万，较上期减少0.57%；人均流通股43307股，较上期增加 0.57%。2025年1月-9月，正邦科技实现营业收入106.58亿元，同比增长82.58%；归母净利润826.56万 元，同比减少97.25%。 分红方面，正邦科技A股上市后累计派现28.64亿元。近三年，累计派现0.00元。 责任编辑：小浪快报 资料显示，江西正邦科技股份有限公司位于江西省南昌市南昌高新技术产业开发区昌东大道7003号办公 大楼6楼，成立日期1996年9月26日，上市日期2007年8月17日，公司主营业务涉及饲料生产与销 ...

Core Viewpoint - The stock of Lude Technology has experienced fluctuations, with a year-to-date increase of 39.91% but a recent decline in the last few trading days, indicating potential volatility in investor sentiment [1]. Company Overview - Lude Technology, established on August 9, 2006, and listed on September 22, 2020, is located in Wuhan, Hubei Province. The company focuses on the research and industrial application of high-water-content waste treatment, particularly in areas such as river and lake sludge, engineering mud, and industrial residues [2]. - The company utilizes proprietary technologies for waste treatment, including integrated dewatering and solidification of sludge and microbial solid-state fermentation of organic residues, aiming for efficient reduction, harmlessness, stabilization, and resource utilization of high-water-content waste [2]. Business Performance - For the period from January to September 2025, Lude Technology reported a revenue of 254 million yuan, reflecting a year-on-year growth of 14.15%. However, the net profit attributable to shareholders was -16.13 million yuan, a significant decrease of 368.25% compared to the previous year [3]. - The company's revenue composition includes 62.51% from the production of biological fermentation feed from liquor residues, 16.30% from inorganic waste treatment services, 13.09% from engineering mud services, and 3.21% from river and lake sludge services [2]. Shareholder Information - As of September 30, the number of shareholders for Lude Technology was 3,867, a decrease of 6.68% from the previous period. The average number of circulating shares per shareholder increased by 7.16% to 26,044 shares [3].

Core Viewpoint - The stock of Wuhan Kewen Biological Technology Co., Ltd. (回盛生物) has experienced fluctuations, with a year-to-date increase of 120.22% and recent trading activity indicating a slight decline. The company operates in the veterinary pharmaceuticals sector, focusing on the research, production, and sales of veterinary drugs and feed additives [1][2]. Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.26 billion yuan, representing a year-on-year growth of 58.92%. The net profit attributable to shareholders reached 188 million yuan, showing a significant increase of 494.28% compared to the previous year [2]. - Cumulatively, since its A-share listing, the company has distributed a total of 236 million yuan in dividends, with 135 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 12, the stock price was 21.70 yuan per share, with a market capitalization of 4.39 billion yuan. The stock has seen a trading volume of 72.95 million yuan and a turnover rate of 1.65% [1]. - The company has appeared on the "龙虎榜" (a stock trading list) seven times this year, with the most recent appearance on April 9, where it recorded a net buy of -65.95 million yuan [1]. Shareholder Information - As of September 30, the number of shareholders stood at 21,200, a decrease of 10.03% from the previous period. The average number of circulating shares per shareholder increased by 11.15% to 9,566 shares [2].

Core Viewpoint - Jin Xin Nong's stock price has shown significant growth this year, with a notable increase in trading activity and a positive trend in its financial performance despite a decline in net profit [2][3]. Group 1: Stock Performance - As of November 12, Jin Xin Nong's stock price increased by 2.18%, reaching 5.63 CNY per share, with a trading volume of 71.23 million CNY and a turnover rate of 1.61% [1]. - The stock has risen by 41.81% year-to-date, with a 6.23% increase over the last five trading days, 15.84% over the last 20 days, and 34.05% over the last 60 days [2]. Group 2: Financial Overview - For the period from January to September 2025, Jin Xin Nong reported a revenue of 3.541 billion CNY, reflecting a year-on-year growth of 3.04%. However, the net profit attributable to shareholders was -94.22 million CNY, a decrease of 438.06% compared to the previous year [2]. - The company has distributed a total of 368 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Jin Xin Nong was 43,400, a decrease of 13.57% from the previous period, with an average of 18,530 circulating shares per shareholder, an increase of 15.70% [2]. - The second-largest circulating shareholder is Guotai Zhongzheng Livestock Breeding ETF, holding 12.7276 million shares, which is an increase of 4.7225 million shares from the previous period [3].

Core Points - The stock price of Huadong Co., Ltd. dropped by 2.02% on November 12, trading at 11.17 yuan per share with a market capitalization of 8.993 billion yuan [1] - The company has seen a year-to-date stock price decline of 11.42%, but a slight increase of 0.81% over the last five trading days [1] Financial Performance - For the period from January to September 2025, Huadong Co., Ltd. reported a revenue of 6.088 billion yuan, a year-on-year decrease of 6.13%, while the net profit attributable to shareholders was 71.016 million yuan, reflecting a year-on-year increase of 32.93% [2] - Cumulative cash dividends since the company's A-share listing amount to 85.166 million yuan, with 16.549 million yuan distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 4.94% to 33,300, while the average circulating shares per person increased by 33.14% to 18,897 shares [2] - Among the top ten circulating shareholders, notable changes include a decrease of 1.6 million shares held by the sixth-largest shareholder and an increase of 484,900 shares held by the eighth-largest shareholder [3]

Core Viewpoint - The stock price of Guangdong Yuehai Feed has shown fluctuations, with a year-to-date decline of 11.68% but a recent recovery in the last five trading days, indicating potential market interest and volatility [2]. Group 1: Stock Performance - As of November 11, the stock price increased by 2.01% to 7.62 CNY per share, with a trading volume of 31.95 million CNY and a market capitalization of 5.334 billion CNY [1]. - The stock has experienced a 4.67% increase over the last five trading days and a 7.02% increase over the last 20 trading days, while it has decreased by 2.53% over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, the company reported a revenue of 4.997 billion CNY, representing a year-on-year growth of 12.18%, and a net profit attributable to shareholders of 26.198 million CNY, which is a significant increase of 138.86% [2]. - The company has distributed a total of 185 million CNY in dividends since its A-share listing, with 147 million CNY distributed over the past three years [3]. Group 3: Company Overview - Guangdong Yuehai Feed, established on January 13, 1994, and listed on February 16, 2022, specializes in the research, production, and sales of aquatic feed, primarily focusing on shrimp and marine fish feed [2]. - The company's revenue composition includes 90.25% from feed sales, 8.23% from other sources, and 1.52% from animal health products [2]. - The company is categorized under the agricultural, forestry, animal husbandry, and fishery industry, specifically in the feed and aquatic feed sector [2].

Core Viewpoint - Jin Xin Nong's stock price has shown significant growth this year, with a year-to-date increase of 39.80% and notable short-term gains in the last 5, 20, and 60 trading days [2] Group 1: Stock Performance - As of November 11, Jin Xin Nong's stock price rose by 2.02% to 5.55 CNY per share, with a trading volume of 84.64 million CNY and a turnover rate of 1.94% [1] - The stock has experienced a net outflow of 7.78 million CNY from main funds, with large orders showing a buy of 17.29 million CNY and a sell of 21.40 million CNY [1] - The stock has been on the "Dragon and Tiger List" once this year, with the last occurrence on April 8 [2] Group 2: Financial Performance - For the period from January to September 2025, Jin Xin Nong reported a revenue of 3.54 billion CNY, reflecting a year-on-year growth of 3.04%, while the net profit attributable to shareholders was a loss of 94.22 million CNY, a decrease of 438.06% [2] - The company has not distributed any dividends in the last three years, with a total payout of 368 million CNY since its A-share listing [3] Group 3: Company Overview - Jin Xin Nong, established on November 6, 1999, and listed on February 18, 2011, is based in Shenzhen, Guangdong Province, specializing in the research, production, and sales of pig feed products [2] - The company's main business revenue composition includes pig compound feed (49.43%), live pigs (32.10%), and other feed products [2] - As of September 30, 2025, the number of shareholders decreased by 13.57% to 43,400, with an average of 18,530 circulating shares per person, an increase of 15.70% [2]

Core Viewpoint - Andy Su is a leading global producer of animal nutrition additives, with a strong focus on research, production, and sales, and a differentiated strategy based on a "dual pillar" approach [1] Group 1: Business Performance - In Q3 2025, Andy Su reported revenue of 12.931 billion yuan, ranking 3rd in the industry, surpassing the industry average of 3.571 billion yuan and the median of 1.238 billion yuan [2] - The company's net profit for the same period was 999.2 million yuan, ranking 4th in the industry, above the industry average of 539 million yuan and the median of 124 million yuan [2] - Functional products accounted for 76.07% of total revenue, while specialty products made up 23.93% [2] Group 2: Financial Ratios - As of Q3 2025, Andy Su's debt-to-asset ratio was 32.69%, higher than the previous year's 28.81% and the industry average of 28.46% [3] - The gross profit margin for Q3 2025 was 27.87%, down from 30.58% in the previous year and below the industry average of 28.77% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 1.46% to 32,200 [5] - The average number of circulating A-shares held per shareholder increased by 1.48% to 83,300 [5] Group 4: Strategic Insights - Andy Su is recognized as a global leader in the methionine industry, with ongoing expansion projects in Quanzhou, and plans to enhance solid methionine production capacity [6] - The specialty products segment is expected to contribute 20% of its revenue from new products by 2026, with further growth anticipated through acquisitions [6] - The company is projected to achieve net profits of 1.6 billion, 1.7 billion, and 2.1 billion yuan for 2025, 2026, and 2027, respectively, with growth rates of 29%, 11%, and 20% [6] Group 5: Market Outlook - The company is expected to maintain its leadership in the methionine market, with ongoing projects to enhance production capacity in both solid and liquid methionine [7] - The diversification of specialty products is a key focus, with initiatives aimed at improving feed digestibility and localizing production [7] - Revenue projections for 2025, 2026, and 2027 are estimated at 17.288 billion, 19.026 billion, and 20.552 billion yuan, respectively, with net profits of 1.714 billion, 1.944 billion, and 2.216 billion yuan [7]

Core Viewpoint - Lude Environment, established in 2006 and listed in 2020, specializes in high-water-content waste treatment and possesses a proprietary technology system, positioning itself as a high-tech enterprise in the environmental protection sector [1] Group 1: Business Performance - In Q3 2025, Lude Environment reported revenue of 254 million yuan, ranking 10th in the industry, significantly lower than the top competitor, He Feng Co., which had 28.073 billion yuan [2] - The main business segment, biological fermentation feed from liquor lees, generated 110 million yuan, accounting for 62.51% of total revenue, while inorganic solid waste treatment services contributed 28.61 million yuan, or 16.30% [2] - The net profit for the same period was a loss of 14.8082 million yuan, ranking 8th in the industry, with the leading company, Tiankang Biological, reporting a profit of 505 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Lude Environment's debt-to-asset ratio was 49.50%, lower than the industry average of 54.11%, and increased from 46.33% in the previous year [3] - The gross profit margin for the same period was 21.72%, exceeding the industry average of 9.94%, but down from 30.42% year-on-year [3] Group 3: Management and Shareholder Information - The chairman and general manager, Ji Guangming, received a salary of 822,700 yuan in 2024, a decrease of 71,700 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 6.68% to 3,867, while the average number of circulating A-shares held per account increased by 7.16% to 26,000 [5] Group 4: Future Outlook - Lude Environment's revenue for the first half of 2025 was 147 million yuan, with a year-on-year growth of 1.08%, but a net loss of 13 million yuan [5] - The company is expected to see revenue growth from 423 million yuan in 2025 to 829 million yuan in 2027, with corresponding net profits projected to rise from 10 million yuan to 81 million yuan during the same period [5]

Core Insights - The company reported a revenue of 12.931 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 13.67% [1] - The net profit attributable to shareholders was 990 million yuan, showing a year-on-year decline of 1.29% [1] - The basic earnings per share stood at 0.37 yuan [1] Financial Performance - The gross profit margin for the first three quarters was 27.87%, down 2.72 percentage points year-on-year [2] - The net profit margin was 7.67%, a decrease of 1.15 percentage points compared to the same period last year [2] - In Q3 2025, the gross profit margin was 26.83%, down 2.39 percentage points year-on-year and 0.32 percentage points quarter-on-quarter [2] - The net profit margin for Q3 was 5.67%, down 3.96 percentage points year-on-year and 0.89 percentage points quarter-on-quarter [2] Expense Analysis - Total operating expenses for the period were 2.043 billion yuan, an increase of 48.795 million yuan year-on-year [2] - The expense ratio was 15.80%, a decrease of 1.73 percentage points from the previous year [2] - Sales expenses increased by 12.77%, while management expenses decreased by 1.73%, R&D expenses decreased by 6.10%, and financial expenses decreased by 56.75% [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 32,200, a decrease of 477 from the end of the first half of the year, representing a decline of 1.46% [2] - The average market value per shareholder decreased from 791,600 yuan to 783,400 yuan, a decline of 1.04% [2] Company Overview - The company, Blue Star Adisseo Co., Ltd., is located in Beijing and was established on May 31, 1999, with its listing date on April 20, 2000 [3] - The main business involves the research, production, and sales of animal nutrition additives, with functional products accounting for 76.07% and specialty products for 23.93% of revenue [3] - The company is classified under the basic chemicals industry, specifically in food and feed additives [3]