金十期货6月19日讯，受政策及南北气温不断升高影响，规模猪场降重节奏有所加快，但市场整体消化 能力有限，抑制大猪成交节奏，加之养殖户对大猪后市仍存预期，周内整体供应量有限。数据显示，6 月19日当周，全国外三元生猪出栏均重为123.78公斤，较上周下调0.18公斤，环比微降0.15%，降至3个 月低点，同比跌幅0.35%。 （Mysteel） 规模场降重节奏有所加快 生猪出栏均重降至3个月最低 ...

6月18日，养猪龙头新希望（000876.SZ，股价9.42元，市值426.34亿元）的年度股东大会在成都举行。 每经编辑｜杨夏 而在年度股东大会召开的两个月前，新希望刚完成了新一届董事换届，陶玉岭成为新总裁。这次，以总裁陶玉岭、财务总监史涵、董秘赵亮为代表的新希望 高管围绕盈利修复、数字化养猪实践及海外业务拓展等核心议题，向参会的股东和媒体一一回应。 公司高管表示，新希望已熬过猪周期低谷以来的最困难阶段，未来业务会聚焦饲料和养猪。陶玉岭坦言，公司的养猪成本与一些优秀的企业仍有差距，还需 要在育种、数字化等方面下功夫。但他同时强调，不要神化数字化养猪，数字化手段需服务于降本本质，而非盲目追求技术噱头。与此同时，新希望将"出 海"作为第三增长极，计划3~5年新增海外饲料产能300~400万吨，瞄准海外市场高利润空间与竞争格局优势，试图打开规模与利润的新想象空间。 谈盈利：最困难的阶段已经过去 6月18日，新希望的年度股东大会在成都举行。今年的会议室比去年的略小，但投资者参与热情不减，整个会议室坐得满满当当。 今年4月3日，新希望董事会完成了换届，时隔5年迎来新总裁陶玉岭。陶玉岭是资深"养猪人"。他曾任公司京津冀 ...

农产品日报 | 2025-06-19 供应仍显宽松，猪价震荡运行 生猪观点 市场要闻与重要数据 期货方面，昨日收盘生猪 2509合约13835元/吨，较前交易日变动+20.00元/吨，幅度+0.14%。现货方面，河南地区 外三元生猪价格14.30元/公斤，较前交易日变动+0.02元/公斤，现货基差 LH09+465，较前交易日变动+0；江苏地 区外三元生猪价格 14.61元/公斤，较前交易日变动-0.02元/公斤，现货基差LH09+775，较前交易日变动-40；四川 地区外三元生猪价格13.85元/公斤，较前交易日变动-0.13元/公斤，现货基差LH09+15，较前交易日变动-150。 据农业农村部监测，6月18日"农产品批发价格200指数"为112.64，比昨天下降0.19个点，"菜篮子"产品批发价格指 数为112.64，比昨天下降0.22个点。全国农产品批发市场猪肉平均价格为20.24元/公斤，与昨天持平；牛肉63.80元/ 公斤，比昨天上升0.4%；羊肉59.87元/公斤，比昨天上升0.7%；鸡蛋7.15元/公斤，比昨天下降1.4%；白条鸡16.99 元/公斤，比昨天上升0.6%。 市场分析 综合来看， ...

Core Viewpoint - The introduction of the "Jinhua Two-Headed Black Pig Industry Development Promotion Regulations" aims to enhance the development of the Jinhua Two-Headed Black Pig, also known as the "Chinese Panda Pig," which is essential for producing authentic Jinhua ham, a product with a 1700-year history [1][3][5]. Group 1: Industry Growth Projections - By 2024, the number of breeding sows and market pigs for the Jinhua Two-Headed Black Pig is projected to reach 8,253 and 90,300 respectively, representing year-on-year increases of 33% and 35.4% [3]. - The total industrial output value of the Jinhua Two-Headed Black Pig is expected to exceed 1 billion yuan [3]. - Jinhua ham production is anticipated to reach 4 million pieces, with an industrial output value of 2.3 billion yuan, reflecting year-on-year growth of 14.3% and 15% respectively [3]. Group 2: Regulatory Framework - The regulations consist of 6 chapters and 28 articles, focusing on the protection, inheritance, and institutional development of the industry [5]. - Key provisions include establishing geographical indication protection mechanisms for the Jinhua Two-Headed Black Pig and Jinhua ham, guiding operators in the traditional production process, and standardizing the use of geographical indications [5]. - The regulations also aim to improve the breeding system by combining live breeding and genetic material preservation, and establishing a genetic resource bank for the Jinhua Two-Headed Black Pig [5].

"新合作、新机遇、新发展"肯尼亚投资交流会在中国企业"走出去"综合服务基地举行。 "肯尼亚是投资兴业、辐射东中非市场的理想之地。"肯尼亚投资局局长约翰·默德瓦·蒙亚奥（John Mwendwa Munyao）在活动现场指出，肯尼亚作为"非洲的门户"，连通本地与全球市场，具有吸引力强 的营商环境与优惠政策，被评为"2024年非洲最具投资活力国家"。他介绍，在肯尼亚的重点投资行业 中，制造业、农业与畜牧业、信息通信技术、建筑与地产、旅游与酒店均属高就业潜力行业，而创意经 济、环境与林业、采矿、蓝色经济（即海洋经济）等新兴行业的发展前景亦十分广阔。 南都讯 记者莫郅骅 第十一届广州国际投资年会即将举办，新一轮投资热正在掀起。6月17日，位于广州 南沙的中国企业"走出去"综合服务基地，迎来了60余名有意开拓非洲市场的企业代表——广州南沙中国 企业"走出去"综合服务中心联合肯尼亚投资局，在此举办肯尼亚主题投资交流会，共同探索肯尼亚及东 非市场的广阔机遇。 交流会上，广东新南方海外投资控股有限公司代表重点推介了中肯产能合作项目——肯尼亚珠江经济特 区。这家注册于南沙的公司，以境外产业园区投资运营为核心业务，涉及经济特区、 ...

资料来源：中原证券研究所，聚源 -19% 2024.06 2024.10 2025.02 2025.06 相关报告 《农林牧渔行业月报：指数表现强势，宠物出 口数据维持快速增长》 2025-05-20 《农林牧渔行业月报：鸡价止跌反弹，《加快 建设农业强国规划》发布》 2025-04-11 《农林牧渔行业月报：畜禽价格偏弱运行，宠 物食品出口数据迎来"开门红"》 2025-03-25 联系人：李智 投资要点： 风险提示：原料价格、畜禽价格下跌，动物疫病，食品安全问题，生 物育种商业化政策不及预期等。 本报告版权属于中原证券股份有限公司 www.ccnew.com 请阅读最后一页各项声明 分析师：张蔓梓 登记编码：S0730522110001 zhangmz@ccnew.com 13681931564 周期掘金，向新而行 ——农林牧渔行业 2025 年度中期策略 强于大市(维持) 发布日期：2025 年 06 月 18 日 替代的加深，相关上市公司市场份额仍有较大增长空间。 第1页 / 共31页 农林牧渔 证券研究报告-行业半年度策 略 盈利预测和投资评级 公司简称 24EPS 25EPS 25PE 评级 牧原 ...

农产品日报 | 2025-06-18 出栏略有减少，猪价维持震荡 生猪观点 市场要闻与重要数据 期货方面，昨日收盘生猪 2509合约13815元/吨，较前交易日变动+35.00元/吨，幅度+0.25%。现货方面，河南地区 外三元生猪价格14.28元/公斤，较前交易日变动+0.00元/公斤，现货基差 LH09+465，较前交易日变动-35；江苏地 区外三元生猪价格 14.63元/公斤，较前交易日变动+0.05元/公斤，现货基差LH09+815，较前交易日变动+15；四川 地区外三元生猪价格13.98元/公斤，较前交易日变动+0.00元/公斤，现货基差LH09+165，较前交易日变动-35。 据农业农村部监测，6月17日"农产品批发价格200指数"为112.83，与昨天持平，"菜篮子"产品批发价格指数为112.86， 与昨天持平。截至今日14:00时，全国农产品批发市场猪肉平均价格为20.23元/公斤，比昨天下降0.7%；牛肉63.54 元/公斤，比昨天上升0.1%；羊肉59.46元/公斤，比昨天下降0.3%；鸡蛋7.25元/公斤，比昨天下降0.4%；白条鸡16.89 元/公斤，比昨天下降1.8%。 市场分析 综 ...

Group 1 - The innovative drug sector has become a hot investment area, with approximately 30 new pharmaceutical-themed funds reported in the second quarter, matching the total for the entire year of 2024 [1] - The valuation of the pharmaceutical industry is considered high but not in a bubble phase, with potential for continued value increase as clinical data improves [1] - Dividend-themed funds are gaining traction as safe-haven investments, with several ETFs reaching record high shares, indicating their growing allocation value [1] Group 2 - Active equity funds are experiencing significant net value fluctuations, indicating that fund managers are beginning to build positions, with some funds ending their issuance early due to favorable entry points [2] - Multiple companies have announced share buyback plans, with a total buyback amount of 71.71 billion yuan this year, reflecting a commitment to shareholder value [2] Group 3 - Hong Kong's IPO financing has surged over 500% year-on-year, totaling 779.88 billion HKD, driven by favorable policies and market conditions [3] - The production of 3D printing equipment has increased by 40% year-on-year, outpacing other sectors, attributed to rising demand and improved technology [3] Group 4 - A new stringent battery safety regulation will shift the focus from energy density to safety performance, impacting major battery manufacturers like CATL and BYD [4] - The payment industry is witnessing a concentration of market share among larger players, while smaller firms face market exit and regulatory challenges [4] Group 5 - Chinese scientists have made advancements in developing an efficient "artificial leaf" for solar hydrogen production, enhancing the efficiency of water-splitting reactions [5] - JD.com plans to apply for stablecoin licenses in major currency countries to reduce cross-border payment costs significantly [5] Group 6 - Yunda Express has faced penalties related to a fraud case, with 58 franchise outlets fined or suspended for regulatory violations [6] - Baoneng Auto has denied rumors of dissolution, asserting that operations are normal and new vehicles are set to launch [7] Group 7 - Fuwai Group has passed the Hong Kong Stock Exchange hearing, aiming for an IPO after previous unsuccessful attempts, with significant losses reported [7] - Anshun Xixiu Industrial Investment has been listed as an executor due to a rental contract liability amounting to 212.6 million yuan [8] Group 8 - Tianwei Video has completed the acquisition of a 70% stake in Tianqing Digital for 84.28 million yuan, integrating it into its financial reports [9] - Weichuang Electric has set an inquiry transfer price of 38.79 yuan per share, with significant interest from institutional investors [10] Group 9 - Baoxin Technology's subsidiary's planned acquisition of a 40% stake in Jiangsu Yingsu has been halted due to the counterparty's unilateral termination [11]

Core Insights - The agricultural cooperation between Central Asian countries and China is expanding, benefiting more people in the region [1] Group 1: Agricultural Technology Exchange - The collaboration includes exchanges between universities and farms, with a focus on smart agriculture and greenhouse technology [2][3] - Chinese institutions, such as Northwest A&F University, are sharing advanced agricultural technologies, including real-time monitoring systems for crop production [2] - The Kazakh government is promoting the enhancement of agricultural intelligence, which aligns with China's technological advancements [3] Group 2: Investment and Employment Opportunities - Chinese companies, like Xi'an Aijiu Group, have established processing facilities in Kazakhstan, creating job opportunities for local residents [4] - The group has signed a 1.5 million mu "contract farming" agreement to address local farmers' funding and market access issues [4] - The investment has led to significant local employment and skill development, with local workers receiving training from Chinese experts [4] Group 3: Cotton Industry Collaboration - China has been actively collaborating with Central Asian countries in the cotton sector, leveraging the region's favorable growing conditions [5][6] - Joint laboratories and technology demonstration zones have been established to enhance cotton production and processing techniques [6] - The cooperation has resulted in a complete cotton industry chain in Tajikistan, from planting to processing [6][7] Group 4: Broader Agricultural Cooperation - The agricultural cooperation extends beyond cotton to include rice, veterinary science, and fruit tree cultivation [7] - The partnership aims to improve the overall agricultural research and industry standards in Central Asian countries [7] - The long-term nature of agricultural investments necessitates building strong relationships with local communities and stakeholders [7]

Core Viewpoint - The news highlights the successful implementation of digital technology in rural collective asset management in Xunyang City, leading to improved financial transparency and efficiency in managing collective funds [1][2][4]. Group 1: Financial Performance - Xunyang City's rural collective assets exceeded 3.041 billion yuan, with operational income reaching 51.7083 million yuan in 2024 [1]. - The Lujiatai community's cooperative generated over 4 million yuan in annual income, with per capita dividends of 3,000 yuan for members and 5,000 yuan for seniors [2]. Group 2: Digital Technology Implementation - The "Shan Nong Jing" platform has been pivotal in enhancing the management of rural collective assets, allowing for a streamlined process of fund application, review, and payment [2][3]. - The "Yin Nong Zhi Lian" system has transformed traditional payment methods, ensuring that every transaction is traceable and accountable, thus enhancing fund security [3][4]. Group 3: Regulatory Framework - A four-level review system has been established in Mapi Town, ensuring comprehensive oversight of fund applications, approvals, and payments [3]. - The "Four Discussions and Two Publications" procedure is now mandatory for all fund expenditures in the town, significantly reducing cash payment risks [4].