Core Viewpoint - The company, Xinwufeng, announced the approval of multiple proposals, including the construction of the first phase of the Xinwufeng Technology Innovation Base project by its sixth board of directors' twenty-first meeting [2] Group 1 - The board meeting approved the proposal for the construction of the Xinwufeng Technology Innovation Base project [2]

Core Viewpoint - New Five Feng (600975.SH) aims to enhance its profitability and competitive advantage in the pig breeding and nutrition research sector through the establishment of a technology innovation base project, with a total investment of approximately 200 million yuan [1] Group 1: Project Overview - The project, named "New Five Feng Technology Innovation Base Project (Phase I)," will cover a total construction area of 20,634.65 square meters [1] - The core focus of the project is to serve as a research and development platform for the pig industry, emphasizing long-term investment in scientific research [1] Group 2: Strategic Goals - The project aims to improve breeding production efficiency, optimize feed formulas, upgrade raw material substitution solutions, and iterate on environmental protection technologies [1] - The initiative will also involve the intelligent transformation of facilities and equipment, development of deep processing of meat products, and enhancement of digital empowerment [1] Group 3: Business Impact - By implementing cost-reduction measures and advancing product research and production, the project is expected to empower the company's main business and address cyclical challenges [1] - The company intends to align with industry trends of standardization and scale development, focusing on "cost control in breeding" as a core strategy for sustainable growth [1]

Core Viewpoint - New Wufeng (600975) announced the establishment of the "New Wufeng Technology Innovation Base Project (Phase I)" through its wholly-owned subsidiary Tianxin Seed Industry, focusing on agricultural research and development [1] Group 1: Project Overview - The project includes the establishment of the Hunan Tianxin Seed Industry Co., Ltd. Technology R&D Center and a Swine Industry Research Institute, which will focus on research and collaboration in the swine industry [1] - The total construction area of the project is 20,634.65 square meters [1] - The total investment for the project is 200 million yuan [1]

格隆汇12月26日丨东瑞股份(001201.SZ)公布，近日收到广东省商务厅来函《广东省商务厅关于下达 2026年度供港澳活畜禽配额的通知》（粤商务管函〔2025〕132号），主要内容如下：根据《商务部关 于下达2026年农产品出口配额第一次分配数量的通知》（商贸函〔2025〕683号），结合广东省各企业 2025年出口情况，现分配公司2026年度活大猪供港配额116,557头、供澳配额524头。根据分配规则，如 2026年度公司已获得的供港澳配额不能满足公司本年度的实际供港澳需要，公司可继续申请调增配额。 ...

Group 1 - The core point of the article is that New Five Feng (SH 600975) announced the convening of its sixth board meeting to discuss the construction of a technology innovation base project [1] - For the fiscal year 2024, New Five Feng's revenue composition is as follows: livestock industry accounts for 76.4%, wholesale and retail for 22.81%, feed processing for 0.69%, and other businesses for 0.1% [1] - As of the report date, New Five Feng has a market capitalization of 7.4 billion yuan [1]

东瑞股份公告，近日收到广东省商务厅来函《广东省商务厅关于下达2026年度供港澳活畜禽配额的通 知》，分配公司2026年度活大猪供港配额11.66万头、供澳配额524头。 ...

格隆汇12月26日｜新五丰公告称，公司第六届董事会第二十一次会议审议多项议案。全资子公司湖南天 心种业拟建设"新五丰科技创新基地项目（一期）"，总建筑面积20634.65㎡，总投资19989.21万元。此 外，控股子公司扎赉特旗天和粮食拟分别向交通银行长沙湘湖支行、邮储银行扎赉特旗支行申请1000万 元新增授信，期限1年；公司拟向招商银行长沙分行申请20000万元续授信，期限2年。上述议案均以7票 同意通过。 ...

（来源：猪好多网） 来源：猪好多网 巴西动物蛋白协会（ABPA）近日发布的预测数据显示，2025年全国猪肉出口总量预计达到149万吨，较去年同期增长10%，将超越加拿大 （预期出口量介于130万吨至135万吨之间），成为全球第三大猪肉出口国。 巴西网站"agrimidia"最新报道，ABPA主席里卡多·桑廷（RicardoSantin）表示，尽管巴西今年对中国的猪肉出口量减少了30%，但其市场 多元化战略展现了积极影响。2025年，菲律宾成为巴西猪肉的主要出口目的地，对日本、越南和墨西哥的出口量也有所增长。 责任编辑：戴明 SF006 （来源：猪好多网） 来源：猪好多网 巴西动物蛋白协会（ABPA）近日发布的预测数据显示，2025年全国猪肉出口总量预计达到149万吨，较去年同期增长10%，将超越加拿大 （预期出口量介于130万吨至135万吨之间），成为全球第三大猪肉出口国。 今年的国际形势也对巴西有利。美国为了满足国内市场需求而减少了猪肉出口；欧洲则受到非洲猪瘟疫情的冲击，影响了西班牙等国家 的猪肉生产。 在国内市场，粮食丰收和稳定的生产成本保障了行业竞争力，为生产商提供了更可观的利润空间。ABPA预计202 ...

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - Long - term: The increasing decline rate of the breeding sow inventory in October and the expected high decline rate in November are beneficial to reducing the slaughter pressure after August next year [1][20]. - Medium - term: From now to May next year is the stage when the domestic pig slaughter pressure is realized, and the theoretical slaughter volume will generally remain at a high level. Although the sales volume of piglet feed decreased month - on - month in October and November, corresponding to a slight decrease in slaughter after April next year, the overall amplitude is small. The continuous growth of fattening pig feed sales reflects the continuous increase of the pig inventory in society [1][20]. - Short - term: In December, small and medium - sized farmers sold large pigs quickly, resulting in a short - term shortage of large pigs and a higher price difference between fat and standard pigs. The price difference stimulated some secondary fattening, which boosted the spot market and reduced the possibility of a shortage of large pigs during the pre - Spring Festival peak season. The period from now to mid - January is a phase of weak demand, but the high price difference between fat and standard pigs increases the demand for pressing and secondary fattening, offsetting the impact of weakening demand. Later, attention should be paid to the supply - demand matching during the pre - Spring Festival peak season and whether there will be early slaughter before the festival, which may reduce the post - festival supply pressure. For the LH03 contract, although it corresponds to the off - season after the Spring Festival, it is supported by the expectation of strong pre - Spring Festival spot prices and reduced post - festival supply pressure due to early slaughter. The far - month contracts are expected to fluctuate widely, and opportunities for low - level band trading can be considered [1][20]. 3. Summary According to the Directory 3.1 Market Review - Since December, the live pig spot market has been weakly oscillating and rebounded slightly later. In the first half of December, the spot price in Henan, the benchmark area, was as low as around 11.2 yuan/kg, mainly due to the strong selling enthusiasm of small and medium - sized farmers and limited consumption boost. In the second half of December, as the pressure of selling large pigs by small and medium - sized farmers decreased and the slaughter demand during the pre - Winter Solstice peak season increased, the spot price rebounded. The futures market generally oscillated. The LH01 contract was the weakest, mainly because the delivery cost in the southern region was low, and the futures price returned to the area with the lowest delivery cost. The LH03 contract, corresponding to the off - season after the Spring Festival, strengthened, and the futures curve structure changed to a fully positive structure because the market was worried about a shortage of large pigs after the Spring Festival [3]. 3.2 Pig Supply and Demand Analysis 3.2.1 Piglet data shows high future standard pig slaughter volume - The national breeding sow inventory reached a peak of 40.8 million heads in November 2024 and then oscillated downward. By the end of October, the inventory was 39.9 million heads, a reduction of 2.2% from the peak. Due to weak pig prices and continuous losses in breeding profits, the elimination of breeding sows is expected to continue to increase, which will reduce the supply pressure in the third quarter of next year. From the piglet birth data of various institutions, the piglet birth volume has been at a high level since June, with a slight decline in November. Calculated by the time cycle, the theoretical standard pig slaughter volume will be at a high level until May next year [5]. 3.2.2 Feed sales confirm a large inventory of social pigs - From July to September 2025, the sales volume of piglet feed and nursery feed generally increased steadily. In October and November, the month - on - month growth rate turned negative, but compared with the same period in 2024, the month - on - month growth rates of these two months were roughly the same. The sales volume of fattening pig feed had a relatively high month - on - month growth rate in October and November 2025. From the feed perspective, the inventory of social pigs is generally increasing, but the marginal growth rate may be slightly lower than last year [8]. 3.2.3 Small and medium - sized farmers' large fat pigs are digested faster, and the price difference between fat and standard pigs is increasing - According to the samples of Yongyi Consulting, the average weight of pigs sold by散户 reached the peak and then declined in mid - December, with the same rhythm as the same period last year, but the absolute value of the average weight was slightly higher year - on - year. The average weight of pigs in group farms declined in December, but the overall decline was not large, and it also increased year - on - year. The price difference between fat and standard pigs increased in December, consistent with the rhythm of last year, reflecting a shortage of large pigs after the accelerated selling of large pigs by散户[10]. 3.2.4 Consumption is generally flat, and attention should be paid to the performance during the pre - Spring Festival peak season - According to the statistics of the Ministry of Commerce, the national pig slaughter volume has increased significantly compared with last year, reflecting an increase in domestic pig supply. The fresh - selling rate of slaughtered pigs has decreased, and the utilization rate of frozen product storage capacity has continued to rise, reflecting weak terminal consumption. Seasonally, after the Winter Solstice, the demand for curing pulses has passed, and the slaughter volume will decline. About 25 days before the Spring Festival, the slaughter demand will enter a peak - season strengthening pattern. Considering that the Spring Festival in 2026 is on February 17th, the next pre - Spring Festival demand pulse will start around mid - January. Whether the supply and demand can be effectively matched during the pre - Spring Festival peak season needs to be observed through key indicators such as the price difference between fat and standard pigs and the average weight [13]. 3.2.5 The industry continues to lose money, and there is limited room for cost reduction - Since the second half of September 2025, pig prices have declined rapidly, and pig breeding profits have deteriorated significantly. As the national average price has remained below the industry average cost of 12 yuan in recent months, the breeding profits of the self - breeding and self - raising model have also been in a continuous loss state. In the future, the price of piglets is still low, and the expected cost of fattening pigs from purchased piglets will also be low. According to Yongyi Consulting's estimate, the expected cost of fattening pigs from purchased piglets in late December has dropped below 12 yuan. From the perspective of feed cost, the prices of soybean meal and corn are both at low levels, and there is little room for further reduction in feed cost. The low pig price will continue to squeeze profits and may gradually stimulate the industry to reduce production capacity [17]. 3.3 Conclusion and Market Outlook - The long - term, medium - term, and short - term views are consistent with the core viewpoints of the report. For the LH03 contract, pay close attention to the further verification of indicators such as the price difference between fat and standard pigs and the average weight. Treat the far - month contracts as wide - range oscillations and consider low - level band trading opportunities [1][20]

登录新浪财经APP 搜索【信披】查看更多考评等级 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 本次股票上市类型为非公开发行股份；股票认购方式为网下，上市股数为232,705,626股。 本次股票上市流通总数为232,705,626股。 ● 本次股票上市流通日期为2026年1月6日。 一、本次限售股上市类型 湖南新五丰股份有限公司（以下简称"新五丰"或"公司"）本次限售股上市流通类型为发行股份及支付现 金购买资产向特定对象发行限售股。具体情况如下： （一）股票发行核准情况 2022年12月29日，公司收到中国证券监督管理委员会核发的《关于核准湖南新五丰股份有限公司向湖南 省现代农业产业控股集团有限公司等发行股份购买资产并募集配套资金的批复》（证监许可[2022]3238 号），核准公司发行股份购买相关资产，并核准公司发行股份募集配套资金不超过 17.70 亿元。 公司本次购买资产向交易对手方发行股份的具体情况如下： ■ 备注：公司发行股份及支付现金购买资产之发行对象西藏茶逸农业科技有限公司、西藏逸锦实 ...