格隆汇9月1日丨天康生物(002100.SZ)于近期投资者关系活动表示，二季度公司出栏肥猪59.74万头，出 仔猪栏11.97万头。 ...

Core Viewpoint - The company, Juxing Agriculture and Animal Husbandry, has achieved profitability in the first half of 2025, driven by high growth in pig sales and effective cost control measures [1][2] Group 1: Financial Performance - In the first half of 2025, the company reported a sales revenue of 3.432 billion yuan, a year-on-year increase of 66.49% [2] - The net profit attributable to shareholders was 181 million yuan, compared to a loss of 44.84 million yuan in the same period last year [2] - The company’s pig output reached 1.9096 million heads, representing a year-on-year growth of 74.47% [1] Group 2: Cost Management - The cost of pig farming for the first half of 2025 was approximately 6.16 yuan per kilogram [1] - The company has implemented a dual approach of "technology + management" to enhance production management and reduce costs [1] - Key measures include genetic improvement, strict biosecurity management, and optimizing breeding process management [1] Group 3: Capacity and Utilization - The company currently has a breeding capacity of over 180,000 pigs and aims to increase this capacity in an orderly manner [1] - The utilization rate of existing pig farms is approximately 85% [1] - The company plans to integrate quality capacity resources to improve capacity utilization [1] Group 4: Debt Management - As of the end of the first half of 2025, the company's debt-to-asset ratio was 64.57%, having increased for four consecutive quarters [2] - The company plans to keep the debt-to-asset ratio below 60% in the future [2]

Report's Industry Investment Rating - No relevant information provided Core Views - **For the hog industry**: Near - term hog price rebounds are limited due to increased supply and high weights. Medium - and long - term prices will face pressure as sow inventory is abundant and production performance is improving, leading to increased supply before May next year [6][47][48]. - **For the egg industry**: Short - term egg price rebounds are suppressed by sufficient supply. In the long run, supply pressure remains, but the growth rate may slow down, and attention should be paid to the near - term culling situation [56][84][85]. - **For the corn industry**: In the short term, the connection between old and new crops and policy grain supply make corn supply sufficient, and the price may be under pressure. In the long term, the 25/26 corn production is expected to increase slightly, and the overall supply - demand is relatively stable, with the valuation under pressure [93][131]. Summary by Directory 1. Hog Industry Market Review - In August, the average national hog slaughter price was 13.54 yuan/kg, down 0.49 yuan/kg from the end of last month. The main 11 - contract price closed at 13,555 yuan/ton, down 330 yuan/ton (2.38% decline) from the end of last month. The 11 - contract basis was 95 yuan/ton, down 100 yuan/ton from the end of last month [6]. Supply - Sow inventory is still at the upper limit of the equilibrium range, and production performance has improved, leading to an increase in new - born piglets. The supply of hogs in the third and fourth quarters will increase. As of August 29, the average monthly slaughter weight of national hogs was 127.86 kg, down 0.72 kg from last month [6][17][27]. Demand - In August, the daily average slaughter of key slaughtering enterprises was 116,895 heads, up 7.04% from last month and 25.09% year - on - year. The monthly fresh - sales rate dropped to 86.92%. In September, demand will gradually increase, but the increment is limited [31][32]. Cost - As of August 29, the self - breeding and self - raising profit of hogs was - 7.85 yuan/head, and the profit of purchasing piglets for breeding was - 210.07 yuan/head. The cost of self - breeding and self - raising 5 - month - old fattened hogs was 12.83 yuan/kg, and the cost of purchasing piglets for 5 - month - old fattened hogs was 13.02 yuan/kg [6]. Policy - As of the week of August 22, the national hog - grain ratio was 5.89:1, breaking the 6:1 third - level warning value. On August 25, the central government started to purchase 10,000 tons of frozen pork for storage, and the market expects a total of 50,000 tons [44]. Strategy - For the 11 and 01 contracts, short positions can be rolled for profit - taking. Wait for the rebound to add short positions at pressure levels. Pay attention to the arbitrage of going long on 05 and shorting on 03 [6]. 2. Egg Industry Market Review - As of August 29, the average price of eggs in the main producing areas was 3.15 yuan/jin, and the main contract closed at 3,484 yuan/500 kg, down 359 yuan/500 kg from the end of July [56]. Supply - In August, the national inventory of laying hens was 1.365 billion, a year - on - year increase. In September, the number of newly - opened laying hens will remain high, and the culling of laying hens is expected to increase [56][73]. Demand - Affected by the Mid - Autumn Festival and National Day, egg demand is expected to increase in early September but will decline significantly in mid - to late September. Egg substitution consumption has support [32][56]. Strategy - For the 10 and 11 contracts, take a short - biased approach to rebounds. For the 12 and 01 contracts, wait and see first. If the near - term culling does not accelerate significantly, wait for the rebound to conduct hedging [56]. 3. Corn Industry Market Review - As of August 29, the平仓 price of corn at Jinzhou Port in Liaoning was 2,290 yuan/ton, and the main 2511 contract closed at 2,297 yuan/ton, down 39 yuan/ton from the end of July [93]. Supply - In September, new corn in some areas of Northeast China will be listed, and together with policy grain, the supply will be sufficient. In July, corn imports were 60,000 tons, a significant year - on - year decrease [93]. Demand - Hog and poultry inventories are at a high level, driving feed demand. However, the substitution of wheat for corn has increased, and the demand for deep - processed corn is limited [93]. Strategy - For the 11 contract, wait for the rebound to short. Pay attention to the 1 - 5 reverse arbitrage [93].

中国顶尖民营企业：科技创新与实业兴邦的时代强音 颠覆认知：中国民企的研发投入与专利实力 谁能想到，中国排名前五百强的民营企业，每年在研发领域的投入高达惊人的1.13万亿元人民币！这一 数字不仅远超许多国家的全年科研总支出，更标志着中国民营经济在创新驱动发展上的雄心与实力。更 令人瞩目的是，这些曾经被贴上"模仿者"、"跟随者"标签的企业，如今已拥有超过72万项有效专利，并 在近万项国家及行业标准制定中扮演着主导或参与者的关键角色。这清晰地表明，中国民营企业早已挣 脱过去的束缚，迈入了自主创新的新纪元。 实力彰显：营收与利润的双重增长 深耕实业：制造业的坚实根基与战略新兴产业的蓬勃发展 细究这些顶尖民营企业的产业布局，便不难发现它们"实在"的特质。高达72%的企业将根基牢牢扎在第 二产业，其中制造业更是占据了66.4%的显著比重。它们务实前行，不走"虚"路。以恒力集团为例，这 家企业从一家小小的纺织厂起步，如今已成功打通了从炼油到纺织的完整产业链，真正实现了"从一滴 油到一匹布"的垂直整合。 2024年，制造业民营企业的营业收入接近30万亿元，增速高达7.66%，远高于整体平均水平。它们的投 资方向也高度聚焦于" ...

Core Viewpoint - The article discusses the launch of a training program titled "Media + Livestock" aimed at promoting high-quality development in the livestock industry in Guangdong, featuring various expert speakers and topics related to media integration and industry innovation [12][30]. Group 1: Training Program Overview - The training program is designed for industry associations, livestock enterprises, and academic scholars [4]. - The first session features five industry experts sharing insights on topics such as AI, international expansion, and brand building [6][11]. - The training adopts a hybrid format of offline classes and online live broadcasts, allowing participants to engage in real-time [24]. Group 2: Key Topics and Speakers - The first session includes the following topics and speakers: - "What is Media +" by Zhang Lu, General Manager of Southern Rural Newspaper [12]. - "The Role of 'Annual Fish Economy' in the Livestock Industry" by Su Ruojing, Director of the Livestock and Aquaculture Division [16]. - "Golden Nai Li from Lechang to the Paris Olympics" by Zhang Jie, Deputy Mayor of Lechang City [17]. - "Media +: AI + Integration with Xiaohongshu" by Li Liaoyuan, CEO of Future Island AI [18]. - "The Story of Xingning Pigeon Flying to the World" by Chen Yayong, Head of Central Radio and Television Guangdong [21] [28]. Group 3: Future Sessions and Themes - The training program consists of four sessions with a total of 20 class hours, focusing on themes such as innovative topics, cross-industry learning, and media integration [30][32]. - Subsequent sessions will cover various aspects of the livestock industry, including international market strategies and product development [34].

Core Viewpoint - Japan's beef industry is optimistic about the potential for exporting beef to China, marking a significant shift after 24 years of import restrictions due to BSE and other issues [6][5]. Group 1: Market Potential - The Japanese beef company KAMICHIKU expresses excitement about the Chinese market, describing it as an "unknown market" with "huge possibilities" [6][4]. - Kagoshima Prefecture's agricultural exports are projected to grow by 28% in 2024, reaching 47.052 billion yen, with beef being a strategic focus [6]. Group 2: Historical Context - Japan's beef exports to China were halted in 2001 due to BSE, and various import bans have been in place since then, including a ban on seafood following the Fukushima disaster [5][6]. - The Japan-China Animal Health and Quarantine Agreement, signed in 2019, is a crucial step towards resuming beef exports, which has now come into effect [6][5]. Group 3: Future Goals - Kagoshima aims to increase its beef export rate, currently below 10%, and targets 50 billion yen in exports by 2025 [6]. - The Japanese government aims to boost agricultural exports by 70% by 2030, with beef as a key category [6]. Group 4: Consumption and Demand - China's beef consumption is projected to reach 10.66 million tons in 2024, a 14.5% increase from 2021, with imports expected to be 2.87 million tons, significantly exceeding Japan's production [7]. - Kumamoto Prefecture is also optimistic about beef exports, having established direct flights to Shanghai to facilitate trade [7]. Group 5: Cautionary Perspectives - Despite the optimism, there are cautious voices regarding the complexities of certification and export conditions that need to be clarified [7]. - The Japanese agricultural sector is advised to diversify trade partners to mitigate risks associated with reliance on a single market like China [8].

据证券之星公开数据整理，近期东瑞股份（001201）发布2025年中报。截至本报告期末，公司营业总收 入10.95亿元，同比上升72.3%，归母净利润332.08万元，同比上升103.02%。按单季度数据看，第二季 度营业总收入6.0亿元，同比上升68.93%，第二季度归母净利润887.83万元，同比上升132.89%。本报告 期东瑞股份存货明显上升，存货同比增幅达49.9%。 本次财报公布的各项数据指标表现尚佳。其中，毛利率17.3%，同比增3.82%，净利率0.29%，同比增 101.64%，销售费用、管理费用、财务费用总计1.68亿元，三费占营收比15.35%，同比减50.75%，每股 净资产13.15元，同比增0.76%，每股经营性现金流0.48元，同比增256.22%，每股收益0.01元，同比增 102.33% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 6.35 Z | 10.95 Z | 72.30% | | 归母净利润（元） | -1.1亿 | 332.08万 | 103.02% | | 扣非 ...

格隆汇8月29日丨巨星农牧(603477.SH)发布中报，2025上半年实现营业总收入37.17亿元，同比增长 66.49%；归属母公司股东净利润1.81亿元，上年同期亏损4484.36万元；基本每股收益为0.36元。 ...

此外，大会特别设置了一系列充满地方特色的互动体验活动，"羊杂品鉴活动""'怀仁味道'短视频展 播""地方稀有剧种演出"及无人机表演等活动，让市民和游客沉浸式感受怀仁羔羊肉文化的独特魅力。 怀仁市委副书记、市长王国文表示，未来，将以羔羊肉交易大会为契机，持续优化羊产业发展环境，加 强科技创新与品牌建设，推动羊产业全链条升级，助力乡村振兴。同时，希望更多企业家关注怀仁、加 盟怀仁、投资怀仁，携手合作，共同进一步提升"怀仁羔羊肉"的品牌知名度与市场竞争力，推动怀仁羊 产业向着更高质量、更具影响力的方向迈进。(完) 中新网朔州8月30日电 (杨佩佩王荣王晓丽)2025山西·怀仁羔羊肉交易大会30日落下帷幕。其间，现场签 订12个《意向采购协议》，意向签约金额共计26.45亿元；场外意向签约总金额31.65亿元。此次大会共 达成意向签约金额58.1亿元。 怀仁地处山西北部、晋蒙农牧交错区，四季分明，地广草茂，发展生态畜牧业具有独特的区位优势和资 源禀赋。作为全面展示朔州肉羊全产业链发展成果的重要窗口，怀仁羔羊肉交易大会自2018年首次举办 以来，已逐步发展成为全国羊肉行业极具影响力的盛会。 本届大会以"品牌赋能产业产业 ...

■本报记者 余连斌 作为全国肉兔主产区，川渝两地产业基础雄厚。数据显示，川渝地区肉兔出栏量占全国64%、消费量占 70%，已形成全国最具活力的兔产业集群。 一只兔子撬动百亿元产业的背后，是川渝两地打破"一亩三分地"思维的协同智慧，更是科技赋能、市场 导向的现代农业发展逻辑。从种源攻坚到跨境布局，这一传统产业的"逆袭"之路，生动诠释了乡村振兴 中产业兴旺的深刻内涵——唯有全链升级、区域协同，才能让"土特产"真正成为"金凤凰"。 近年来，农行四川广安分行坚持把信贷资金用于支持地方产业发展，重点扶持养殖优势生态产业，先后 发放养殖贷款资金1595万元，有效解决农户、新型农业经营主体信贷资金需求，助力养殖产业高质量稳 步发展。 近年来，农行广安分行立足当地实际，依托"兔业三农"工作思路，在肉兔养殖产业的基础上，持续推进 各类种兔养殖和周边产业发展，通过扶持重点企业，大力发展种兔养殖合作社等形式，全力支持规模 化、现代化兔业发展新模式，以兔业产业发展解决"三农"问题。 该分行重点围绕辖内农业龙头企业、农业产业园区、种养大户、农民专业合作社、家庭农场等新型农业 经营主体实行"清单式"走访对接。同时，该分行本着"能免尽免、 ...