金融界8月11日消息，有投资者在互动平台向华统股份提问：上证A股从2600涨到了3650，但公司股价 一直在2600徘徊。我想知道公司关于市值管理做了哪些努力？更想知道公司财务上，经营上是否有重大 问题？公司可能想说公司股价受市场因素影响，但是2600~3600的波动，这是不争的事实，这是市场正 向的影响。公司究竟有啥问题没有披露的？ 公司回答表示：您好，公司目前生产、经营情况一切正常，不存在按规定应披露而未披露的对本公司股 票交易价格产生较大影响的重大事项和信息。如有应披露事项，公司将严格按照相关规定及时履行信息 披露义务。谢谢！责任编辑：栎树 ...

Investment Rating - The report maintains a "Buy" rating for the agriculture, forestry, animal husbandry, and fishery sector [4] Core Views - The pig farming sector is expected to enter a phase of supply and demand balance in August, with a positive outlook for pig prices as the industry approaches a long-term profitability uptrend [3] - The report highlights the seasonal decrease in pig output, with a total of 15.27 million pigs slaughtered by 13 listed companies in July, reflecting a 6.15% decrease month-on-month but a 25.12% increase year-on-year [2][13] - The average price of live pigs has shown a downward trend, with the national average price on August 8 being 13.71 yuan/kg, a 4.33% decrease week-on-week [1][29] Summary by Sections Pig Farming Sector - The total number of pigs slaughtered in July was approximately 15.27 million, with a month-on-month decrease of 6.15% and a year-on-year increase of 25.12% [2][13] - The average price of live pigs in July was 14-15 yuan/kg, with a slight increase in the overall monthly average price [2][14] - The average weight of pigs at slaughter has continued to decline, with an average of 124.16 kg in July, down 0.9 kg from the previous month [17][29] Price Trends - The average price of piglets was 30.4 yuan/kg, down 1.65% week-on-week, while the average price of pork was 20.46 yuan/kg, reflecting a year-on-year decrease of 26% [28][29] - The report notes that the price of white feather broiler chickens has increased to 7.14 yuan/kg, with a week-on-week rise of 4.54% [38] Investment Recommendations - The report recommends focusing on leading companies in the pig farming sector, such as Muyuan Foods, Wens Foodstuff Group, and New Hope Liuhe, as they are expected to benefit from the anticipated recovery in pig prices [3] - It also suggests monitoring companies in the feed and animal health sectors, such as Haida Group and Reap Bio, due to the expected increase in demand driven by rising pig stocks [3]

Investment Rating - The industry rating is "Maintain Increase" [4] Core Views - The poultry prices have recently rebounded significantly, with white feather broiler chick prices rising to 3.1 CNY per chick, up 216.2% from the low in the second week of July [14][16] - The average price of broiler chickens is 7.14 CNY per kg, an increase of 14.4% from the previous low [14][16] - The average price of chicken products is 8.85 CNY per kg, up 5.7% from the low in July [14][16] - The supply side shows a notable decline in parent stock inventory, which fell to 21.385 million sets by the fourth week of July, down 6.8% from the first week of July [14] - Seasonal demand is expected to increase due to school stocking in September and October, with July marking the peak season for replenishment [14] - The sentiment in the market has been positively influenced by strict regulations on Thai poultry exports, which has led to a price increase of 500-1000 CNY per ton for chicken [14] Summary by Sections Swine Farming - The national price for lean pigs is 13.79 CNY per kg, down 2.3% from last week [16][17] - The current valuation remains relatively low, with a focus on leading companies with cost-effectiveness such as Muyuan Foods and Wens Foodstuffs [16][17] Poultry Farming - The average price of white feather broiler chickens is 7.14 CNY per kg, up 4.5% from last week [16][32] - The average price of chicken products is 8.85 CNY per kg, an increase of 3.6% from last week [16][32] - The price of broiler chicks is 3.13 CNY per chick, up 21.8% from last week [16][29] - The yellow feather broiler market is adjusting its capacity, with a focus on seasonal price elasticity opportunities [16] Planting and Agricultural Products - The approval of genetically modified varieties is expected to lead to commercial sales, with potential growth in industry companies as prices and profit distribution become clearer [16] Breeding Support - The volatility in agricultural product prices is increasing, and leading feed companies are expected to replace smaller firms due to their advantages in procurement and scale [16]

Group 1 - The core point of the news is that Wens Food Group Co., Ltd. has updated the status of its 5 billion yuan small public bond project to "accepted," with the acceptance date being August 8, 2025 [1][2] - The total amount of the bond issuance is not to exceed 5 billion yuan, which includes 5 billion yuan, and it will be issued in phases [1][2] - The funds raised from this bond issuance, after deducting issuance costs, are intended to be used for supplementing working capital, investing in project construction, repaying company debts, and other purposes permitted by applicable laws and regulations [1]

Core Viewpoint - Dekang's pig farming business shows strong performance in the first half of 2025, with per-head profitability leading the industry, while poultry and meat business performance meets expectations. The company actively responds to national calls for high-quality development in the breeding industry, showcasing its responsibility as a leading pig enterprise [1][2]. Group 1: Financial Performance - The company is expected to achieve a net profit of 1.1 to 1.4 billion yuan in the first half of 2025, representing a year-on-year increase of 202% to 285% [2]. - The company anticipates a pig output of approximately 5.117 million heads in the first half of 2025, a year-on-year increase of 27%, with a sales price of about 15 yuan per kilogram [2]. - The estimated total cost for pig farming is around 12.4 yuan per kilogram, leading to a per-head profit of approximately 300 to 320 yuan, placing it at the forefront of the industry [2]. Group 2: Business Segments - In the poultry segment, the company expects to sell 42.7 million yellow feathered chickens in the first half of 2025, a year-on-year increase of 7.2%, with a sales price of about 12.89 yuan per kilogram [2]. - The high-quality slow-growing yellow feathered chicken accounts for a significant proportion of the company's offerings, although the segment is currently under pressure due to low prices [2]. - The high-end meat business, in collaboration with Tonnis, is expected to start production in 2024 and is currently in the capacity ramp-up phase, with no short-term profit contribution anticipated [2]. Group 3: Industry Outlook - The pig farming industry is gradually moving towards high-quality development, supported by policies, with leading companies expected to gain excess profits due to cost advantages [3]. - The yellow feathered chicken industry has seen significant capacity reduction after three years of downturn, providing a basis for price recovery, although the industry is currently facing deep losses due to low prices [3]. Group 4: Investment Rating - The company maintains a "strong buy" investment rating, leveraging its breeding advantages to keep livestock costs lower than peers [4]. - The company's self-bred Dekang E breed pigs have significantly reduced costs, with total costs estimated to be below 12.5 yuan per kilogram, placing it in the top tier of the industry [4]. - The company plans to develop its family farm model while promoting shared industry development benefits with cooperative farmers, aligning with national calls for responsible leadership in the pig farming sector [4].

Sales Performance Summary - In July 2025, the company sold 56.96 million white feather broiler chicks, generating sales revenue of 100.56 million yuan, representing a year-on-year change of -46.39% in revenue and a decrease of 6.18% in sales volume [2] - The sales of the company's 909 small white feather broiler chicks amounted to 5.12 million, with sales revenue of 5.06 million yuan, showing a year-on-year decline of 34.02% in revenue and a decrease of 26.69% in sales volume [2] - The company sold 8,171 breeding pigs in July 2025, with sales revenue of 19.48 million yuan, reflecting a significant year-on-year increase of 1,680.16% in revenue [2] Reasons for Sales Changes - The decrease in sales revenue for white feather broiler chicks in July 2025 is attributed to a lower selling price compared to the previous year [2] - The industry has seen early culling of parent stock due to low prices for white feather broiler chicks, but there has been a recent increase in the price of live chickens since late July 2025 [3] - Following the end of high-temperature weather, there has been an increase in the enthusiasm for restocking among farms, leading to a surge in demand for chick sales, which has resulted in a rapid increase in the selling price of white feather broiler chicks [3]

Core Viewpoint - Jiangsu Lihua Food Group Co., Ltd. reported mixed sales performance in July, with chicken sales increasing while pork sales declined, indicating a divergence in market trends [1][2]. Sales Performance Summary - In July, Lihua's sales of yellow feathered chickens reached 49.15 million, generating revenue of 1.034 billion yuan, with an average selling price of 9.77 yuan/kg, reflecting a month-on-month increase of 12.13% in volume but a slight decrease of 0.20% in price [1]. - The average selling price of yellow feathered chickens has been on a downward trend for three consecutive months, dropping from 11.20 yuan/kg in April 2025 to 9.77 yuan/kg in July 2025 [1]. - For pork, Lihua sold 145,500 pigs in July, with revenue of 260 million yuan and an average price of 14.75 yuan/kg, showing a month-on-month decline of 14.01% in volume but a slight increase of 1.44% in price [1][2]. Market Analysis - Analysts noted that the price of yellow feathered chickens has entered a bottoming phase, with expectations of a price rebound in mid-August due to reduced supply and increased demand from pre-festival stocking [1][3]. - The supply of yellow feathered chickens decreased by approximately 5% in July due to increased exit of smallholders and adverse weather conditions affecting supply [1]. - In the pork market, the average price in July was 14.55 yuan/kg, with a month-on-month increase of 1.89% but a year-on-year decrease of 23.13% [2]. Profitability Insights - Despite being in a consumption off-season, there remains profitability potential for breeding companies, with theoretical profits for self-bred pigs averaging 169.90 yuan per head in July, up 13.36% month-on-month [3]. - Lihua and other leading companies are managing to maintain micro-profits through cost control, while smaller operators are still facing losses [3].

Group 1 - The company announced the sales quantity of broiler chicks for July 2025 to be 56.9624 million, with a sales revenue of 100.5635 million yuan [1] - Year-on-year changes in sales quantity and revenue are 7.51% and -46.39% respectively [1] - Quarter-on-quarter changes in sales quantity and revenue are -6.18% and -22.32% respectively [1]

Group 1 - The core point of the article is that Minhe Holdings (002234.SZ) reported its chick sales for July 2025, indicating a significant year-on-year increase in the number of chicks sold but a decline in sales revenue [1] Group 2 - In July 2025, the company sold 27.66 million chicks, representing a year-on-year increase of 26.87% and a month-on-month increase of 13.74% [1] - The sales revenue for the same period was 41.36 million yuan, showing a year-on-year decrease of 27.30% and a month-on-month decrease of 18.56% [1]

Core Insights - The company reported a significant decrease in sales revenue for its white feather broiler chicks in July 2025, with a total sales volume of 56.9624 million chicks and revenue of 101 million yuan, reflecting year-on-year changes of -46.39% in revenue [1] - The sales of the company's small white feather broiler chicks (model 909) also saw a decline, with sales volume of 5.119 million chicks and revenue of 5.0579 million yuan, showing year-on-year changes of -34.02% in revenue [1] - In contrast, the company experienced a remarkable increase in sales of breeding pigs, with a total of 8,171 pigs sold and revenue of 19.478 million yuan, reflecting year-on-year changes of 1,680.16% in revenue [1] Sales Performance - For July 2025, the sales volume of white feather broiler chicks was 56.9624 million, with a revenue of 101 million yuan, indicating a year-on-year sales volume increase of 7.51% but a revenue decrease of 46.39% [1] - The small white feather broiler chicks (model 909) had a sales volume of 5.119 million and revenue of 5.0579 million yuan, with year-on-year changes of -17.82% in sales volume and -34.02% in revenue [1] - The breeding pig sales reached 8,171 heads, generating revenue of 19.478 million yuan, with year-on-year changes of 1,382.94% in sales volume and 1,680.16% in revenue [1] Month-on-Month Changes - The month-on-month changes for white feather broiler chicks showed a decrease in both sales volume and revenue, with a decline of 6.18% in sales volume and 22.32% in revenue [1] - The small white feather broiler chicks experienced a month-on-month sales volume decrease of 26.69% but a slight revenue increase of 1.00% [1] - For breeding pigs, the month-on-month changes indicated a decrease of 19.30% in sales volume and 21.89% in revenue [1]