公司表示，业绩预增主要有三个方面的原因：一是C端零售渠道持续高速增长，出口及餐饮渠道各板块 亦实现稳健增长，高价值渠道占比稳步提升，公司收入结构持续优化，为整体盈利的增长提供了更强支 撑；二是成本端优势进一步巩固，公司精益化管理持续深入，叠加新一代自研种鸡"圣泽901Plus"自用 比例提高的贡献，上半年综合造肉成本对比去年同期实现显著下降；三是完成对太阳谷的控股合并，产 生投资收益约人民币5.4亿元至5.5亿元，通过前期的产业赋能与精益化管理导入，太阳谷自身经营效率 已获显著提升。 公司此前发布了5月份销售情况简报，2025年1—5月，生食产品累计销量稳定增长，深加工产品累计销 量增长约9%，深加工产品占比持续提升。 此前圣农发展在预增公告发布后快速上涨，公司在1月13日盘后披露2024年年报业绩预告，4月11日盘后 披露2024年度报告，其间上涨幅度超过20%。近期圣农发展连续6个交易日小幅上涨，累计涨幅5.74%， 最新价较年内高点仍有14.86%的回撤。 养鸡龙头净利润大增超700%。 7月8日晚间，养鸡龙头圣农发展(002299)发布业绩预告，预计上半年实现归母净利润8.5亿元至9.5亿 元，同比增 ...

Core Viewpoint - The company expects significant growth in its financial performance for the first half of 2025, with a substantial increase in net profit attributed to various operational improvements and strategic initiatives [1]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders of approximately 850 million CNY, representing a year-on-year increase of 732.89% [1]. - The net profit after deducting non-recurring gains is projected to be around 330 million CNY, reflecting a year-on-year growth of 256.20% [1]. - Basic earnings per share are expected to rise to 0.6893 CNY, compared to 0.0816 CNY in the same period last year [1]. Performance Drivers - The significant increase in performance is primarily driven by the growth in market share, particularly in the C-end retail channel, alongside steady growth in export and catering sectors [1]. - The company has improved its cost structure, with a notable reduction in comprehensive meat production costs compared to the previous year, which has helped mitigate market price pressures [1]. - Non-recurring gains from the valuation difference of long-term equity investments are estimated to contribute approximately 540 million to 550 million CNY to the net profit, positively impacting the consolidated financial results [1]. Strategic Outlook - The company plans to leverage its unique core advantages derived from self-sufficient breeding sources and an integrated industry chain layout to build resilience against industry cyclicality [1]. - The focus will remain on high-quality development to create greater value for shareholders, using the strong performance in the first half of 2025 as a new starting point [1].

Core Viewpoint - The company, Shengnong Development, expects a significant increase in net profit for the first half of 2025, projecting a rise of 732.89% to 830.88% compared to the same period last year, driven by strong retail growth and strategic acquisitions [1][4]. Financial Performance - The projected net profit attributable to shareholders is between 850 million to 950 million yuan, compared to 102.05 million yuan in the same period last year [4]. - The expected net profit after deducting non-recurring gains is estimated to be between 330 million to 420 million yuan, a year-on-year increase of 256% to 353.35% from 92.64 million yuan [4]. Business Operations - Shengnong Development is part of the largest white feather chicken company in Asia, with a fully integrated supply chain from breeding to sales [4]. - The company has seen continuous growth in its retail channels, as well as stable growth in export and catering sectors, leading to an optimized revenue structure [5]. Cost Management - The company has implemented lean management practices, which, along with increased self-research and development of the new generation breeding chicken "Shenze 901 Plus," have significantly reduced overall meat production costs compared to the previous year [5]. Strategic Acquisitions - Shengnong Development completed the acquisition of a 54% stake in Sun Valley for 1.126 billion yuan, which is expected to enhance synergies and positively impact non-recurring gains for 2025 [6]. - The acquisition adds significant production capacity, with Sun Valley having an annual output of 65 million chickens and food processing capabilities of 90,000 tons per year [6]. Market Conditions - The white feather chicken market is currently experiencing a downward price trend, with significant declines in both chick and meat prices, leading to cautious replenishment by farmers [5][6].

证券代码：002299 证券简称：圣农发展 福建圣农发展股份有限公司投资者关系活动记录表 编号：2025-002 | 投资者关系活 | □特定对象调研□分析师会议 | | --- | --- | | 动类别 | □媒体采访□业绩说明会 | | | □新闻发布会□路演活动 | | | □现场参观 | | | 其他（2025 年一季报交流会） | | 参与单位名称 | 兴证全球基金王志强、博道基金孙文龙、华泰保兴基金王语 | | 及人员姓名 | 嫣、中加基金张泽迅、摩根士丹利基金缪东航、华夏基金胡 | | | 一立、广发基金姜冬青、西部利得基金张昭君等 92 名投资者 | | 时间 | 2025 年 4 月 29 日 16:00-17:30 | | 地点 | 公司会议室 | | 上市公司接待 | 董事会秘书、副总经理 廖俊杰 | | 人员姓名 | 投资者关系总监 陈阳 | | | 公司经营情况介绍 | | | 2025年一季度，公司实现营业收入41.15亿元，同比略微下滑2.38%； | | | 实现归母净利润 1.48 亿元，同比增长 338.28%；实现扣非归母净利润为 | | | 1.7 亿，同比增长 3 ...