一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.1000 | 0.8900 | -111.24 | -0.8100 | | 每股净资产（元） | 0.73 | 0.83 | -12.05 | -1.54 | | 每股公积金(元) | 1.02 | 1.02 | 0 | 2.74 | | 每股未分配利润(元) | -1.29 | -1.19 | -8.4 | -5.41 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 3.4 | 4.37 | -22.2 | 6.29 | | 净利润(亿元) | -1.9 | 17.5 | -110.86 | -15.85 | | 净资产收益率(%) | -12.49 | | 0 | | 数据四舍五入，查看更多财务数据>> 不分配不转增 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 22682.37万股，累计占流通股比： 25.47%，较 ...

中国烹饪大师、北海外沙疍家棚酒楼出品总监王忠春将刚炸好出锅的沙虫精心摆盘。 蒋璐阳 摄 王忠春手法娴熟，先以开水轻烫沙虫定型，随后裹上蛋清和酥炸粉，这如同为沙虫披上了一层锁鲜 的"结界"。待油温升至三四成热，放入沙虫，刹那间，金棕色的油面泛起细密气泡，伴随着"滋滋"声 响，柔软的沙虫被淬炼成为耀眼的"黄金箭"。当最后一丝水汽消散，漏筛轻颠，酥脆的沙虫相互碰触， 发出簌簌清响，瞬间撩动食客的味蕾。 记者夹起一根放入口中，牙齿咬破酥壳的瞬间，鲜甜滋味在舌尖绽放，仿佛是北部湾的浪花轻柔拂 过，令人回味无穷。 北海市烹饪协会相关人士介绍，以北海鲜沙虫为原材料的菜肴作品，多次在广西乃至全国的烹饪大 赛中脱颖而出。在2023年广西特色食材美食创新大赛中，北海的《清香炸鲜沙虫》凭借独特的鲜香口感 荣获特金奖。2024年，北海沙虫被认定为国家地理标志产品。 随着北海沙虫知名度的不断提升，相关产业也逐步迈向标准化、规模化、集群化发展。"除了自然 生长的沙虫，北海还建成了全国最大的沙虫人工繁育基地，室内苗年生产能力达1亿条以上，中培苗 3000万条以上。"广西海洋研究所副研究员蔡德建介绍，目前，北海沙虫的可捕资源面积达5万公顷， ...

Core Viewpoint - Fuzhou is accelerating the construction of the "Offshore Granary" to enhance its marine economy and promote local seafood brands such as abalone, kelp, and eel [1][2] Group 1: Development Initiatives - Fuzhou is leveraging the opportunity to build a national marine economy development demonstration zone, focusing on deep-sea aquaculture and establishing a "1+6+4" marine innovation system [1] - The city plans to implement a revitalization action for aquatic seed industry, innovating and cultivating new aquaculture species suitable for local conditions [1] - Fuzhou aims to develop deep-sea aquaculture by constructing deep-sea farming sites and supporting the establishment of more deep-sea aquaculture platforms [1] Group 2: Industry Collaboration and Branding - The city is focusing on industrial synergy and implementing an industrial integration project, emphasizing the processing of abalone, kelp, and fish paste to strengthen local specialties like fish balls and Buddha Jumps Over the Wall [2] - Fuzhou is working on brand enhancement initiatives to promote local seafood brands and plans to establish a "Fuzhou Fish" brand promotion base [2] - The city is enhancing marine technology innovation capabilities and promoting the application of new technologies and products in the marine sector [2] Group 3: Financial and Regulatory Support - Fuzhou is deepening the reform of aquaculture rights and encouraging banks to collaborate with grassroots organizations to develop financial products that benefit fishermen [2] - The city is exploring socialized services for fishing vessel inspections through government procurement, aiming to separate inspection and management functions [2]

Investment Rating - The overall investment rating for the agricultural sector is positive, with expectations of higher returns than the CSI 300 index by over 5% in the next six months [50]. Core Insights - Recent increases in agricultural product prices are expected to continue due to tariff countermeasures, presenting overall investment opportunities in the agricultural sector. Key investment themes include tariff countermeasures, capacity reduction, and low valuations [6][20]. - The livestock industry is experiencing stagnation in production capacity, with valuations at historical lows, indicating long-term investment potential despite potential price fluctuations [6][21]. - The poultry sector, particularly broilers, is anticipated to see price increases due to reduced imports from the U.S. following tariff impositions, alongside a steady recovery in consumer demand [9][22]. - The feed industry is showing resilience, with smaller adjustments compared to other sub-sectors, indicating a stable outlook [26]. Summary by Relevant Sections Livestock Industry - Swine prices are currently at 14.97 CNY/kg, reflecting a slight increase of 0.31 CNY from the previous week. The average weight of slaughtered pigs is 91.46 kg, with a processing plant utilization rate of 34.78% [14][20]. - The profitability for self-breeding farms is reported at 79 CNY per head, with a slight increase in the price of piglets to 40.9 CNY/kg [21]. - The broiler market is seeing a price increase, with the average price for broiler chicks at 3.1 CNY per chick and broiler meat at 3.75 CNY per jin [9][22]. Poultry Industry - The yellow chicken market is experiencing a price recovery, with prices reaching 10.69 CNY/kg, indicating a potential upward trend due to tightening supply [10][23]. - The animal health sector is showing signs of recovery, with increased demand for veterinary products as pig inventories rise [11]. Planting Industry - The seed industry is expected to benefit from improved policy environments, particularly for genetically modified corn and soybeans, which are projected to accelerate in commercialization [12][24]. - Recent increases in grain prices, with corn at 2290 CNY/ton and wheat at 2426 CNY/ton, are attributed to tariff countermeasures against U.S. imports, suggesting further investment opportunities in this sector [13][24]. Industry Data - The agricultural index has seen a decline of 2.14%, underperforming compared to the broader market indices, indicating a need for cautious investment strategies [26].

Core Viewpoint - The article highlights the successful artificial breeding of the rare freshwater fish species, the "胭脂鱼" (Yanzhi fish), at the Wuhan Qingyu Breeding Farm, emphasizing the importance of conservation efforts for this endangered species [4][17]. Group 1: Breeding Process - The breeding process involves technicians carefully extracting eggs from female Yanzhi fish and mixing them with male sperm to facilitate fertilization, resulting in approximately 1 million fry being produced [4][8]. - The farm has successfully relocated 43 mature Yanzhi fish to breeding pools to enhance the breeding program [4][8]. Group 2: Species Characteristics - The Yanzhi fish is a unique and beautiful species native to China, known for its vibrant coloration and elegance, earning it nicknames like "freshwater mermaid" [12][13]. - The species has a long maturation period, with males maturing at over 5 years and females at over 7 years, primarily spawning in upstream areas of the Yangtze River [13]. Group 3: Conservation Efforts - The Yanzhi fish population has drastically declined, with only 413 individuals recorded in the Yangtze River from 2017 to 2021, indicating a lack of natural reproduction [17]. - The Wuhan Qingyu Breeding Farm has been actively involved in the artificial breeding of Yanzhi fish for several years, contributing significantly to local conservation efforts [17].

Core Viewpoint - The marine economy sector is experiencing a significant surge, becoming a new focal point in the A-share market, with various related stocks showing strong performance [2][4][12]. Market Performance - The stock indices in the two markets showed a volatile adjustment, with the Shanghai Composite Index dropping 0.94% to below 3400 points, while the Shenzhen Component Index fell 1.42%, and the ChiNext Index decreased by 1.70% [2]. - The marine economy sector continued its strong performance, with stocks such as Shaoyang Hydraulic hitting a 20% limit up, and others like Annuoqi, Haimer Technology, and Hailanxin rising over 10% [2][11]. Sector Highlights - Key sectors showing strong performance include deep-sea technology, marine engineering equipment, fisheries, and oil service engineering, all of which saw significant gains [4][12]. - The marine economy's total production value is projected to exceed 10 trillion yuan, contributing 11.5% to GDP, marking it as a new engine for economic growth [12]. Government Initiatives - The government has emphasized "deep-sea technology" in its work report, indicating a strategic focus on the marine economy and the development of new technologies and products [12]. - The "Marine Power" strategy is expected to drive innovative financial tools like blue bonds to support high-quality development in the marine economy, particularly in green industries such as offshore wind power and seawater desalination [12]. Deep-Sea Technology - Deep-sea technology integrates multiple disciplines, including oceanography, materials science, and engineering technology, and is considered a core support for the national marine power strategy [13]. - This technology encompasses various fields such as detection and development equipment manufacturing, resource utilization, and ecological protection, aiming to overcome technical bottlenecks in extreme deep-sea environments [13].

Investment Rating - The investment rating for the agriculture, forestry, animal husbandry, and fishery industry is "Positive" (maintained) [1] Core Views - The report highlights that the pig farming sector shows value for low-positioning, with a recovery in profitability expected alongside consumer demand recovery. The current valuation of the pig farming sector is at a relatively low level, indicating potential for investment [6][25] - The report emphasizes the ongoing support for pig prices from the entry of supplementary breeding in Northeast China, which is expected to stabilize prices in the short term [4][11] Summary by Sections Weekly Observation - Recent supplementary breeding has entered Northeast China, which may support pig prices. As of March 14, the national average price for live pigs was 14.57 yuan/kg, up 0.12 yuan/kg from the previous week, with a week-on-week increase of 0.83% [4][11] - The average daily slaughter volume of sample enterprises was 142,500 pigs, down 90 pigs from the previous week, indicating weak demand [4][11] Weekly Perspective - The pig farming sector's low-positioning value is becoming apparent, with a recovery in profitability expected as consumer demand rebounds. Recommended stocks include Muyuan Foods, Wens Foodstuff Group, and others [6][25] - The pet food market in China is projected to grow at a CAGR of 9.64% from 2025 to 2028, driven by rising consumer spending and domestic brands gaining market share [6][25] Market Performance (March 10-14) - The agriculture index outperformed the market by 1.45 percentage points, with the Shanghai Composite Index rising by 1.39% and the agriculture index rising by 2.84% [31][33] - Key stocks that led the gains included Xue Rong Biological, Western Animal Husbandry, and Zhong Ji Health, with increases of 43.95%, 18.29%, and 13.13% respectively [31][35] Price Tracking (March 10-14) - The average price of live pigs was 14.65 yuan/kg, up 1.03% from the previous week. The average price of piglets was 33.87 yuan/kg, up 3.39% from the previous week [41][43] - The average price of white feather chickens was 7.11 yuan/kg, up 7.89% from the previous week, while the average price of yellow feather chickens was 10.45 yuan/kg, reflecting a price increase [40][46][47] Key News (March 10-14) - The USDA's March report adjusted global corn and wheat production upwards while lowering rice production forecasts. Corn production was increased by 1.7 million tons to 1.214 billion tons, and wheat production was increased by 3.44 million tons to 797 million tons [36]

"没想到会恢复到这种程度"，日本国内最大的扇贝产地的渔民们难掩惊讶。日本产扇贝的1月份的出口 额同比增至2倍。为了弥补对中国出口的减少，日本对美国、泰国和越南的出口大增。由于在日本国内 外受到欢迎，扇贝的价格也一路飙升…… 由于在日本国内外受到欢迎，扇贝的价格一路飙升。东京丰洲市场3月上旬的冷冻贝柱"玉冷"的平均批 发价涨至每公斤5400日元（约合人民币265元），达到上年同期的1.5倍，创出历史新高。 批发商东都水产的执行董事水岛阳介苦恼地表示："由于来自海外的洽购增加，丰洲的到货量有限"。在 中国刚刚禁运后，价格只有约2500日元（约合人民币123元），是现在一半的价格。随着"支持性消 费"的圈子扩大，日本的餐厅和超市的销售量也有所增加。水岛说："（日本）消费者重新认识到了北海 道产扇贝的美味。即使价格上涨，寿司店等仍有很强的需求"。 很多观点认为，扇贝的高价格状况将持续。从新鲜扇贝的捕捞来看，日本青森县和北海道将分别从4月 和6月正式启动，但由于受到去年以来的高水温等影响，贝类死亡或生长状况不佳的产地很多，预计 2025年产量将减少。 如何维持高涨的人气？已度过中国禁运风波的日本的扇贝相关人士正将目光转 ...

Investment Rating - The industry investment rating is "Positive" with a recommendation to maintain the outlook for long-term investment opportunities in the agriculture sector [1][6]. Core Viewpoints - The report highlights that the livestock production capacity is decreasing, and the valuation of the sector is at a bottom level, indicating long-term investment opportunities [6][22]. - The agricultural sector has shown better performance compared to the broader market, with the feed sub-industry leading in growth [5][27]. Summary by Relevant Sections Livestock Industry - **Pork**: Production capacity is starting to decline, with the national average price for live pigs at 14.5 CNY/kg, down 0.05 CNY from the previous week. The average weight of pigs after slaughter is stable at 89.81 kg. The processing rate for pork is at 26.25%, up 1.45 percentage points from last week. Demand is expected to rise due to school openings, but supply is also increasing, leading to potential price fluctuations [6][22][23]. - **White Chicken**: The average price for chicken seedlings is 2.43 CNY/bird, up 0.18 CNY, while the average price for white feathered meat chickens is 2.97 CNY/kg, up 0.15 CNY. The industry is experiencing a high level of production capacity that needs to be reduced [10][24]. - **Yellow Chicken**: The price for yellow chickens is showing signs of potential increase due to tight supply, with the average price at 11.78 CNY/kg, up 0.37 CNY. The industry is at a historical low in production capacity, suggesting upward price potential [11][25]. - **Animal Health**: The animal health industry is at a recovery point, with increasing sales of domestic vaccines and ongoing research into new vaccines, indicating future growth potential [12][26]. Planting Industry - **Seed Industry**: The environment for the seed industry is improving, with the ongoing industrialization of genetically modified corn and soybeans supporting performance growth for leading companies [13][26]. - **Planting**: Recent grain prices have stabilized, with corn at 2223 CNY/ton (up 29 CNY) and wheat at 2429 CNY/ton (up 26 CNY). Expectations of a rebound in grain prices present investment opportunities in leading companies [14][26]. Recommended Companies - The report recommends buying shares in the following companies: - Denghai Seeds [4] - Muyuan Foods [4] - Suqian Agricultural Development [4]

会计师事务所关于佳沃食品股份有限公司 深圳证券交易所的关注函之回复报告 深圳证券交易所： 深圳证券交易所于2023年2月1日出具的《关于对佳沃食品股份有限公司的关 注函》(创业板关注函【2023】第50号)（以下简称"关注函"）已收悉。根据该 关注函的要求，信永中和会计师事务所（特殊普通合伙）作为佳沃食品股份有限 公司（以下简称"佳沃食品"）年度报告审计会计师对关注函所涉及的问题认真 进行了逐项核查和落实，现回复如下，请予审核。 关于回复内容释义、格式及补充更新披露等事项的说明： 1、如无特殊说明，本关注函回复中使用的简称或名词释义与《佳沃食品股 份有限公司关于深圳证券交易所关注函回复的公告》（以下简称"《关注函回复 公告》"）一致； 2、本关注函回复中若出现总计数尾数与所列数值总和尾数不符的情况，均 为四舍五入所致。 问题 1 公告显示，你公司预计对因并购智利子公司 Australis Seafoods S.A.（以 下简称 Australis）股权形成的商誉进行了减值测试，预计减值金额在 120,000 万元至 180,000 万元左右。2021 年末，你公司对 Australis 公司计提商誉减值 准备 ...