据港交所1月12日披露，海大国际控股有限公司(简称：海大国际)向港交所主板递交上市申请，摩根大通、中金公司（601995）、广发证券为其联席保荐 人。 公司简介 招股书显示，海大国际是一家技术驱动型的全球化农业企业，以饲料业务为基石，为畜牧行业全价值链提供全面的综合解决方案。公司的核心市场为亚洲 (不含东亚)、非洲及拉丁美洲。 根据弗若斯特沙利文的资料，2024年，按产量计，公司是亚洲(不含东亚)第二大水产料供应商，水产料产量达100万吨；按产量计，亦是越南第三大饲料供 应商，饲料产品产量达170万吨。 公司通过涵盖饲料、种苗与动保的整套产品与服务，全面满足养殖业领域的各种需求。其中，饲料是公司的主要产品。公司的饲料产品种类丰富，拥有水产 料、禽料、猪料生产线。 截至2026年1月5日，公司的饲料生产基地分布于六个国家，分别为越南、印度、印度尼西亚、埃及、孟加拉国及厄瓜多尔。 于往绩记录期间，公司的收入来自销售饲料产品，主要包括水产料、禽料及猪料；种苗产品，包括虾苗及鱼苗；及动物保健品，包括环境改良剂及多种动物 保健产品。 | | | 截至12月31日止年度 | | | | 截至9月30日止九個月 | | | ...

智通财经APP获悉，据港交所1月12日披露，海大国际控股有限公司(简称：海大国际)向港交所主板递交上市申请，摩根大通、中金公司、广发证券为其联席 保荐人。 公司简介 招股书显示，海大国际是一家技术驱动型的全球化农业企业，以饲料业务为基石，为畜牧行业全价值链提供全面的综合解决方案。公司的核心市场为亚洲 (不含东亚)、非洲及拉丁美洲。 根据弗若斯特沙利文的资料，2024年，按产量计，公司是亚洲(不含东亚)第二大水产料供应商，水产料产量达100万吨；按产量计，亦是越南第三大饲料供 应商，饲料产品产量达170万吨。 公司通过涵盖饲料、种苗与动保的整套产品与服务，全面满足养殖业领域的各种需求。其中，饲料是公司的主要产品。公司的饲料产品种类丰富，拥有水产 料、禽料、猪料生产线。 截至2026年1月5日，公司的饲料生产基地分布于六个国家，分别为越南、印度、印度尼西亚、埃及、孟加拉国及厄瓜多尔。 于往绩记录期间，公司的收入来自销售饲料产品，主要包括水产料、禽料及猪料；种苗产品，包括虾苗及鱼苗；及动物保健品，包括环境改良剂及多种动物 保健产品。 | | | 截至12月31日止年度 | | | | 截至9月30日止九個月 | | ...

Group 1 - Haid International Holdings Limited has submitted a listing application to the Hong Kong Stock Exchange, with J.P. Morgan, CICC, and GF Securities as joint sponsors [1] - The company is a technology-driven global agricultural enterprise, primarily focused on feed business, providing comprehensive solutions for the entire value chain of the livestock industry [1] - Key markets for the company include Asia (excluding East Asia), Africa, and Latin America [1] Group 2 - According to Frost & Sullivan, in 2024, Haid International is projected to be the second-largest aquaculture feed supplier in Asia (excluding East Asia) with a production volume of 1 million tons [1] - The company is also the third-largest feed supplier in Vietnam, with a feed product output of 1.7 million tons [1]

Group 1 - Haid International Holdings Limited has submitted a listing application to the Hong Kong Stock Exchange, with J.P. Morgan, CICC, and GF Securities as joint sponsors [1] - The company is a technology-driven global agricultural enterprise, primarily focused on the feed business, providing comprehensive solutions for the entire value chain of the livestock industry [1] - Haid International's core markets include Asia (excluding East Asia), Africa, and Latin America [1] Group 2 - According to Frost & Sullivan, by 2024, Haid International is projected to be the second-largest aquaculture feed supplier in Asia (excluding East Asia) by production volume, with an output of 1 million tons [1] - The company is also expected to be the third-largest feed supplier in Vietnam, with a feed product output of 1.7 million tons [1]

Group 1 - The core viewpoint of the article is that Haida International Holdings has submitted its prospectus to the Hong Kong Stock Exchange, aiming to enhance its global strategy by integrating its overseas feed, seed, and animal health businesses [1][2] - Haida International Holdings is a technology-driven global agricultural enterprise, primarily focused on feed business, providing comprehensive solutions for the entire value chain of the livestock industry, with core markets in Asia (excluding East Asia), Africa, and Latin America [1] - According to Frost & Sullivan, Haida International Holdings is the second-largest aquaculture feed supplier in Asia (excluding East Asia) by production volume, with an output of 1.0 million tons, and the third-largest feed supplier in Vietnam, with a production volume of 1.7 million tons [1] Group 2 - The total revenue for Haida International Holdings for the years 2023, 2024, and the nine months ending September 30, 2025, are 9.024 billion, 11.417 billion, 8.386 billion, and 11.177 billion respectively, with a year-on-year growth of 26.5% for 2024 and 33.3% for the nine months ending September 30, 2025 [1][2] - The gross profit for the same periods is 1.168 billion, 1.73 billion, 1.274 billion, and 1.873 billion respectively, with a year-on-year growth of 48.1% for 2024 and 47.0% for the nine months ending September 30, 2025 [2] - The gross profit margins for the years 2023, 2024, and the nine months ending September 30, 2025, are 12.9%, 15.2%, 15.2%, and 16.8% respectively [2]

Core Viewpoint - Haida International Holdings Limited has submitted its prospectus for an IPO on the Hong Kong Stock Exchange, aiming to raise capital for its operations in the agricultural sector, particularly in feed production and related services [2][3]. Financial Performance - For the nine months ending September 30, 2023, Haida International reported revenues of 11.2 billion RMB and a profit of 870 million RMB [3]. - The company projects revenues of 9.025 billion RMB and 11.417 billion RMB for 2023 and 2024, respectively, with gross profits of 1.168 billion RMB and 1.730 billion RMB for the same years [4]. - The profit for 2023 and 2024 is expected to be 360 million RMB and 735 million RMB, respectively, indicating a profit margin of 4.0% and 6.4% [6]. Market and Operations - Haida International operates primarily in Asia (excluding East Asia), Africa, and Latin America, providing a comprehensive range of products and services that include feed, seedlings, and animal health solutions [4]. - The company emphasizes strict research and development to offer specialized products and deep support for local farming and operational efficiency [4]. Corporate Structure - Haida International is fully owned by Guangdong Haida, with key executives including Zhang Guijun, Yang Jiantao, and Lin Xiaoguang [7][12]. - The company has a diverse board of directors, including independent non-executive directors with significant academic and industry experience [7][10]. Shareholding - Prior to the IPO, Haida International's shareholding structure includes 10.5% held by Haida International Singapore, 18.45% by Haida International BVI, 34.19% by Lanjing Company Singapore, and 36.86% by Huangshan Holdings, all subsidiaries of Guangdong Haida [10][12].

格隆汇1月12日｜花园生物(300401.SZ)公告称，公司及其全资子公司浙江花园营养科技有限公司联合申 报的"胆固醇（源自羊毛脂）"为新饲料添加剂，中国农业农村部已批准并核发了《新饲料添加剂证 书》。该产品适用于虾，在配合饲料中的推荐添加量为1.0—2.0g/kg，最高限量为10g/kg（仔虾阶段为 20g/kg）。此证书的获得将进一步丰富公司产品应用领域，增强公司核心竞争力。但该产品的销售情况 受市场环境变化等因素影响，具有不确定性，敬请广大投资者谨慎决策，注意防范投资风险。 ...

Group 1 - The core of the company's feed business is to achieve differentiation in product structure and market positioning, while continuously reducing production costs through raw material procurement and technical formula optimization [1] - The company's breeding business focuses on cost control as a core strategy, enhancing operational efficiency and breeding business levels through multiple measures such as breed improvement, biosecurity management, capacity efficiency enhancement, and manufacturing cost control [1]

Group 1 - The feed sector experienced a decline of 0.25% on January 12, with Jin Xin Nong leading the drop [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] - Major stocks in the feed sector showed varied performance, with notable gainers including Guai Bao Pet Food, which rose by 2.75% to a closing price of 69.14 [1] Group 2 - Jin Xin Nong's stock price fell by 2.37% to 6.18, with a trading volume of 488,700 shares and a turnover of 303 million yuan [2] - The feed sector saw a net outflow of 184 million yuan from main funds, while retail investors contributed a net inflow of 141 million yuan [2] - The stock performance of various companies indicated mixed trends, with some stocks like Petty Co. showing a slight increase of 0.43% [2][3] Group 3 - The main fund inflow for Da Bei Nong was 29.46 million yuan, while it experienced a net outflow from retail investors of 10.16 million yuan [3] - Lu Si Co. had a net inflow of 1.44 million yuan from main funds, with retail investors also contributing positively [3] - The overall sentiment in the feed sector appears cautious, with significant movements in fund flows indicating varying investor confidence [3]

1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Views of the Report - **Soybean Oil**: The main contract of soybean oil rose this week. The auction of imported soybeans is expected to have a negative impact on soybean oil. Although the current supply of soybean oil in China has tightened, the overall supply remains abundant. The continued upward drive of soybean oil is expected to be insufficient, and long - position holders are advised to exit and wait and see. The support level of the main 05 contract is 7600 - 7650 yuan/ton, and the pressure level is 8030 - 8050 yuan/ton [3]. - **Rapeseed Oil**: Rapeseed oil fluctuated widely this week. The news of the Canadian Prime Minister's upcoming visit to China has put pressure on the rapeseed oil market. The domestic rapeseed oil inventory is still in a destocking state. In the short term, rapeseed oil is expected to maintain a volatile pattern. In the long - term, the expected increase in Australian rapeseed supply and the global rapeseed harvest pattern will still pose significant pressure on prices. One - sided short - selling at high prices can be considered. The 05 contract has a pressure range of 9300 - 9350 yuan/ton and a support level of 8650 - 8700 yuan/ton [3]. - **Palm Oil**: The main contract of palm oil strengthened with fluctuations this week. The approach of India's traditional New Year stocking and the significant improvement in January's Malaysian palm oil export data have increased market expectations for export demand recovery. The Indonesian president's statement has raised concerns about future supply tightening. The strong biodiesel policy and supply tightening expectations have jointly supported palm oil prices. However, the inventory accumulation expectation for Malaysian palm oil in December is still high. The palm oil market has short - term bearish and long - term bullish prospects. Cautious investors are advised to wait for the release of the MPOB report before considering long - position entry at low prices. The main contract has a support level of 8300 - 8350 yuan/ton and a pressure level of 8700 - 8750 yuan/ton [3]. - **Soybean Meal and Soybean No. 2**: The prices of soybean meal and soybean No. 2 rose and then fell this week. The auction of imported soybeans is expected to ensure sufficient supply. The 05 contracts of soybean meal and soybean No. 2 are expected to be sold short on rebounds [4][5]. - **Rapeseed Meal**: Rapeseed meal futures rose and then fell this week. The news of the Canadian Prime Minister's visit to China has put pressure on the domestic rapeseed market. The inventory is continuously decreasing, but the fundamental outlook is still bearish. It is expected to maintain a volatile pattern in the short term, and short - selling at high prices can be considered [5]. - **Soybean No. 1**: The main contract of soybean No. 1 rose and then fell this week. The market logic has not changed significantly. The valuation is not low, and the continued upward drive is not strong. It is recommended to wait and see [5]. - **Corn and Corn Starch**: The futures prices showed a volatile and slightly stronger trend this week. The supply pressure is limited, and the export data of US corn is good. The wheat auction and China Grain Reserves Corporation's corn sales have had a certain impact on the domestic market, but the overall short - term pressure is not significant. It is recommended to buy on dips. For corn 2603, the support range is 2160 - 2170, and the pressure range is 2330 - 2350. For corn starch 03, the support range is 2430 - 2440, and the pressure range is 2630 - 2650. Selling out - of - the - money put options is recommended for option operations [5]. - **Pigs**: The spot price of pigs rebounded with fluctuations over the weekend. The terminal consumption has improved month - on - month. The overall commodity market has stopped falling and rebounded in January, and the sentiment in the agricultural product sector has warmed up. Cautious investors can hold short - near - month and long - far - month reverse spreads, while aggressive investors can buy the 2607 contract when the price falls below the breeding cost and sell deep out - of - the - money call options with a strike price above 15,000 to reduce the bottom - fishing cost [6]. - **Eggs**: The spot price of eggs rose with fluctuations over the weekend. The egg price has rebounded after a seasonal decline since the fourth quarter. The terminal consumption is expected to increase month - on - month in January. The current egg price is relatively low, and the egg - laying hen inventory is at a historical high. Aggressive investors can buy the 2605 contract on dips, and speculative short - selling should be cautious [7]. 3. Summary According to the Directory 3.1 First Part: Sector Strategy Recommendations 3.1.1 Market Analysis - Different varieties in the feed, breeding, and oil industries have different market logics, support levels, pressure levels, and corresponding trading strategies. For example, soybean No. 1 05 is expected to be in a volatile adjustment, and it is recommended to wait and see; soybean No. 2 05 is expected to be sold short on rebounds [10]. 3.1.2 Basis and Spot - Futures Strategies - The report provides the spot prices, price changes, main contract basis, and basis changes of various varieties in different sectors, including soybeans, peanuts, oils, soybean meal, rapeseed meal, corn, corn starch, pigs, and eggs [11][12]. 3.2 Second Part: Key Data Tracking Table 3.2.1 Oilseeds - **Daily Data**: The report presents the import cost data of oilseeds, including the arrival premium, CBOT soybean futures price, CNF arrival price, soybean import arrival duty - paid price, and soybean meal cost at zero profit for different shipping dates of Brazilian and Argentine soybeans, as well as the relevant data for rapeseed and palm oil [12][13]. - **Weekly Data**: The weekly data of oilseeds shows the inventory and operating rates of different varieties, such as the inventory of soybeans, soybean meal, soybean oil, rapeseed, rapeseed meal, rapeseed oil, palm oil, peanuts, and peanut oil, and their corresponding operating rates [14]. 3.2.2 Feed - The report provides the weekly data of corn and corn starch, including the consumption, inventory, operating rate, and inventory of starch enterprises, as well as the grain - selling progress of farmers [14]. 3.2.3 Breeding - **Pigs**: The report shows the key weekly data of the pig market, including spot prices, breeding costs, profits, slaughter data, and other indicators [15]. - **Eggs**: The report presents the key weekly data of the egg market, including supply - side indicators such as egg - laying rate, proportion of different egg sizes, and elimination of laying hens, as well as demand - side indicators and profit - related data [16]. 3.3 Third Part: Fundamental Tracking Charts - **Breeding End (Pigs and Eggs)**: The report includes charts of the closing prices of the main contracts of pigs and eggs, as well as the spot prices of pigs, piglets, and eggs [17][19][20]. - **Oilseeds** - **Palm Oil**: The report provides charts of Malaysia's palm oil monthly production, export volume, ending inventory, import profit, import volume, domestic inventory, daily trading volume, and price spreads [26][29]. - **Soybean Oil**: The report includes charts of US soybean crushing volume, US soybean oil inventory, soybean crushing profit, domestic soybean oil mill operating rate, domestic soybean oil inventory, daily trading volume, and price spreads [31][33][36]. - **Peanuts**: The report presents charts of the arrival and shipment volume of peanuts in domestic wholesale markets, peanut crushing profit, oil mill raw material procurement volume, peanut operating rate, peanut inventory, peanut oil inventory, peanut import volume, and price spreads [39][40][42]. - **Feed End** - **Corn**: The report includes charts of the spot price, futures closing price, basis, price spreads, port inventory, grain - selling progress, import volume, consumption, inventory, and processing profit of corn [44][45][46]. - **Corn Starch**: The report provides charts of the spot price, futures closing price, basis, price spreads, operating rate, inventory, and profit of corn starch [50][52][53]. - **Rapeseed**: The report presents charts of the spot price of rapeseed meal and rapeseed oil, basis, inventory, and pressing profit of rapeseed and rapeseed products [55][57][61]. - **Soybean Meal**: The report includes charts of the flowering rate and pod - setting rate of US soybeans, as well as the inventory of soybeans and soybean meal [65][68]. 3.4 Fourth Part: Option Situation of Feed, Breeding, and Oil - The report provides charts of the historical volatility of rapeseed meal, rapeseed oil, soybean oil, palm oil, and peanuts, as well as the trading volume, open interest, and put - call ratio of corn options [70][71][72]. 3.5 Fifth Part: Warehouse Receipt Situation of Feed, Breeding, and Oil - The report presents charts of the warehouse receipt situation of rapeseed meal, rapeseed oil, soybean oil, palm oil, peanuts, corn, corn starch, pigs, and eggs, as well as the open interest of the pig and egg indexes [74][75][76].