Group 1: Company Overview and Achievements - The company has made significant progress in business, internal governance, and compliance over the past decade, with satisfactory results [5] - Continuous improvement in internal governance and compliance, with a focus on environmental regulations [5] - The company has accumulated core capabilities in product, service, comprehensive development of the supply chain, and application of modern technology [6] Group 2: Cost Management and Future Goals - As of April 2025, the total cost of pig farming reached 12.4 RMB/kg, with a target of 12 RMB/kg for the year [7] - The company aims to reduce costs by 600 RMB per pig while creating a profit space of 100 RMB per pig through improved production efficiency [8] - Strategies include enhancing disease prevention capabilities, establishing a scientific breeding system, and promoting low-soy diets [7][8] Group 3: Smart Technology Implementation - Smart technology is being integrated into company culture and management, enhancing standardization and efficiency [9] - Intelligent pig houses maintain optimal growth conditions year-round, improving production metrics [9] - Smart feeding systems allow for precise nutritional supply, reducing labor intensity and contributing to cost reduction [9] Group 4: Meat Processing Business Performance - The meat processing segment showed significant improvement in Q1 2025, with enhanced management and operational capabilities [11] - The company is focusing on product quality and consumer preferences to drive future growth in the meat processing sector [11] Group 5: International Development Strategy - The company aims to expand internationally, leveraging its expertise in nutrition, breeding, and pig house design [12] - Plans to list in Hong Kong to enhance capital internationalization and attract global talent [12][14] Group 6: Investor Returns and Financial Planning - The company emphasizes sustainable cash dividends, planning to increase the cash distribution from 20% to 40% of distributable profits from 2024 to 2026 [15] - In 2024, the total cash dividend is projected to reach 75.88 billion RMB, marking a new high [15] - The company aims to reduce overall debt by approximately 10 billion RMB and maintain a declining debt-to-asset ratio [16]

精准施策，优化畜群结构。实施牦牛公母畜结构调整奖补工程，出台《那曲市牦牛公母畜结构调整奖补 工程试点工作实施方案》，在聂荣县、巴青县、索县先行试点，推行"母畜增量+公畜减量"双向激励机 制，按新增母畜每头460元兑现补贴322万元。1622个经营主体通过繁育扩群、公母置换等方式，实现母 畜从6.68万头增加至7.5万头(只)；同时，通过出栏、出售、交换减少公畜2041头(只)，增收约497.4万 元。 近年来，那曲市紧扣畜牧业高质量发展主线，创新实施"畜群结构优化+科学出栏调控+饲草保障强 化"三链协同工程，2024年以来累计投入资金1045万元，惠及经营主体227家、农牧户4.11万户，形 成"结构优、出栏活、饲草足"的良性发展格局。 夯实基础，强化饲草保障。投入390万元开展种植、采购、机具复合补贴，政策覆盖率达85.5%，兑现 补贴333.36万元，提高了牧民群众开展人工种草和自发储备饲草的积极性，增加了全市饲草储备量，降 低了饲草种植和牲畜养殖成本，全年成畜死亡率控制在2.3%以内；新生仔畜144.38万头(只)，成活 137.09万头(只)，幼畜成活率94.95%。(赵书彬) 创新机制，激活出栏动能 ...

秦英林展望未来时表示，牧原将在生猪生产能力、服务能力、产业链综合能力和数智化能力方面实现全 方位提升。公司将提升生产指标、产品质量和盈利能力，向外输出成熟技术，加强饲料供给保障，并通 过机器人、智能装备实现更轻松的养猪方式。 在此背景下，牧原股份推出了慷慨的分红方案。公司拟2024年向全体股东每10股派发现金红利5.72元， 分红总额30.83亿元。全年现金分红总额将达75.88亿元，加上10亿元回购金额，全年现金分红和股份回 购总额为85.88亿元，占年度净利润的45.38%。 值得关注的是，此次股东大会还审议通过了《关于公司发行H股股票并在香港联合交易所有限公司上 市》等议案。牧原股份计划选择适当时机在港交所上市，已聘请中信证券、高盛集团和摩根士丹利负责 相关事宜，筹资规模预计超过10亿美元。募集资金将用于推进国际化战略、研发创新及公司运营等。 实际上，牧原股份已开始布局海外业务。公司与越南本土养殖公司BAF达成合作协议，为其提供养猪技 术服务方案、硬件支持及人员培训。近期还通过子公司瑞谷国际农产有限公司设立了越南牧原有限公 司，主营生猪养殖技术服务和智能化养殖设备。 公司高管表示，牧原推动全球化战略考虑 ...

*ST傲农(603363.SH)公告称，因公司撤销 退市风险警示及其他风险警示，公司股票将于2025年5月19日 停牌一天，并于5月20日 复牌。撤销后，公司股票简称由"*ST傲农"变更为"傲农生物"。 ...

据报道，知情人士透露，牧原食品已聘请中信证券、高盛集团和摩根士丹利负责今年香港上市事宜。此 前报道称该公司计划通过发行股票筹集至少10亿美元。(36氪) ...

瑞达期货研究院 「2025.05.16」 生猪市场周报 生猪价格下跌，关注二育动态 研究员：张昕 期货从业资格号F03109641 期货投资咨询从业证Z001845 关 注 我 们 获 取 更 多 资 讯 联系电话：059586778969 1、周度要点小结 2、期现市场 3、产业情况 「 周度要点小结」 3 行情回顾：生猪价格先扬后抑，主力合约周度下跌1.90%。 行情展望：供应端，养殖端出栏有所增加，但整体节奏偏慢，且出栏重量整体持稳，供应略增但压力 一般。不过肥猪价格低于标猪，二育风险提高，后期出栏意愿可能提高，关注二育动态。根据生猪养 殖周期，二三季度对应母猪产能处于增产周期，中期供应压力趋增。需求端，终端需求下降，白条走 货速度欠佳，屠宰厂开工率下降，不过少数地区被动入库现象犹存，且后市端午节备货或令需求短暂 增加。总体来说，预期短期供需均略有增加，处于平衡略松状态，关注潜在供应释放时机，或致使价 格继续承压运行，不过价格连续下跌易引起养殖端惜售情绪，从而阻碍价格下跌步伐。 策略建议：空单可适当逢低离场落袋为安，轻仓持有，注意设置止损。 业务咨询 添加客服 目录 「 期货市场情况」 本周期货先扬后抑 ...

Group 1 - Guangdong Province has launched a series of innovative tree-planting activities, promoting a "cloud planting + offline planting" model that engages the public in environmental conservation [4][5][6] - Over 100 users of the "Plant a Tree" app participated in the recent tree-planting events, successfully planting more than 200 trees [5][6] - The initiative is part of a broader effort to make tree planting more accessible and engaging through the integration of internet technology [6][7] Group 2 - The brand value of Yingde black tea has reached 5.178 billion yuan, marking an 8.5% increase and positioning it as the top brand in the national black tea category [10][11] - This achievement is seen as a milestone in the local efforts to promote the integration of tea culture, industry, and technology [11][12] - Yingde black tea gained significant recognition two years ago when it was served at a tea meeting between the leaders of China and France [12][13] Group 3 - The agricultural technology team in Xin'an Town is actively promoting the guava industry by providing specialized training on seedling cultivation techniques [15][17] - The training attracted nearly 200 local villagers, demonstrating a strong community interest in enhancing agricultural practices [19] Group 4 - The "Qingyuan Chicken" brand is being marketed through live streaming, showcasing the company's innovative approach to e-commerce in the agricultural sector [22][26] - Qingyuan has maintained its position as the top region for agricultural e-commerce in China for six consecutive years, highlighting the effectiveness of its marketing strategies [22][23] Group 5 - The "New Feng Flavor" agricultural brand is seeking to establish a think tank to enhance regional agricultural development and brand strength [41][42] - Experts from various fields are invited to join the think tank, which aims to leverage their knowledge for the benefit of the local agricultural economy [43][44]

智通财经5月16日电，记者从牧原股份2024年股东大会现场获悉，牧原股份4月养殖成本已达到12.4 元/kg，公司此前提出的"头均600元"降本目标，目前已实现三分之二。小财注：公司2025年的成本目标 是全年平均12元/kg。（智通财经记者 张晨静） 牧原股份：4月养殖成本12.4元/kg 头均600降本目标已实现三分之二 ...

Core Viewpoint - Domestic pig prices are experiencing limited fluctuations, with large-scale farms not significantly reducing the weight of pigs for sale [1] Group 1: Market Conditions - The average weight of pigs sold in the week of May 15 was 124.12 kg, remaining stable compared to the previous week and showing a year-on-year increase of 1.08% [1] - Southern regions still exhibit a price gap for standard pigs, leading farmers to prefer selling heavier pigs [1] Group 2: Industry Trends - The overall trend indicates that the average weight of pigs being sold remains at a high level, reflecting the current market dynamics [1] - Smaller farms are also aligning with this trend, indicating a consistent approach across different scales of operations [1]

生猪日报 | 2025-05-16 另存为PDF 【期价震荡偏弱】 【市场动态】 1、5月15日，生猪注册仓单701手； 2、LH2507合约以期现回归、交割博弈为主，远月受后续出栏量或增加影响震荡 偏弱运行； 3、主力合约（LH2509）今日增仓5221手，持仓约7.76万手，最高价14015元/ 吨，最低价13735元/吨，收盘于13780元/吨。 【基本面分析】 1、能繁母猪存栏量看，3-12月生猪供应量有望逐月增加，但幅度有限。仔猪数 据看，2025年二三季度生猪出栏量整体震荡增加；需求端来看，上半年较下半 年相比属需求淡季，下半年属需求旺季； 2、 从历史情况和现下基本面来看，肥标差或震荡调整； 3、市场多空逻辑： 空头：①养殖端尚未进行降重，实则利空后市；②后续出栏 量有望持续增加；③二三季度尚未到消费旺季，需求对猪价的支撑有限；多 头：①冻品库存仍有增加的空间，能给猪价以支撑；②现货价格坚挺，说明供 需不像空头想的那么宽松；③后续出栏虽有增量但幅度有限，且三四季度逐渐 进入生猪消费旺季；④玉米豆粕涨价可能抬升生猪养殖成本。 3）现下生猪出栏体重仍在增加，说明养殖端仍在累库，利空后市，若后面出现 ...