2025.07. 31 7月31日晚间，沪深两市多家上市公司发布公告，以下是第一财经对一些重要公告的汇总，供投资者 参考。 【品大事】 水井坊：董事Sathish Krishnan因工作原因辞职 水井坊(600779)公告，公司董事会于近日收到Sathish Krishnan提交的书面辞职报告。因工作原 因，Sathish Krishnan申请辞去公司董事及相关职务，辞职后不再担任公司任何职务。 二连板胜通能源：近期公司经营情况正常 内外部经营环境未发生重大变化 二连板胜通能源(001331)披露股票交易异动公告称，近期公司经营情况正常，不存在内外部经营环 境、相关业务发生重大变化的情形。公司主营业务为LNG采购、销售以及运输服务。我国LNG价格 为市场化定价方式，LNG市场价格受市场供需、国际天然气价格等多种因素影响，LNG市场价格的 波动将引起公司LNG购销价差的变化，进而影响公司的盈利水平。公司主要通过境内市场价采购 和"进口LNG窗口一站通"5年期长期协议（简称"窗口期协议"）采购两种方式采购LNG，并通过 LNG槽车运输至国内终端客户。公司窗口期协议对市场供需变化较为敏感，公司LNG业务的盈利状 况 ...

Summary of Agricultural Sector Investment Strategy 2025 Industry Overview - The agricultural sector is experiencing a transition from cyclical growth to cyclical value, with large listed companies improving cash flow and industry profitability becoming differentiated. Leading companies are currently valued at historical lows, with potential for mid-to-long-term profit improvement and increased shareholder returns [1][3][4]. Key Points on Livestock Sector - The livestock sector is undergoing a transformation, with large groups gaining market share and demonstrating significant cost advantages. The industry is entering a phase where leading companies are expected to see rising return on equity (ROE) and increased free cash flow [2][3]. - Recommendations include major players such as Muyuan Foods, Wens Foodstuff, Juxing Agriculture, Shennong Technology, and Dekang Holdings, which exhibit strong cost advantages and high profit realization rates [8]. Pet Food Sector Insights - The pet food sector is in a high-growth phase, with accelerating revenue growth and improved profitability. Leading brands are leveraging product formulation and channel investments to achieve rapid growth. Key recommendations include Guibao Pet and Zhongchong Co., Ltd. [5][9]. Feed Sector Recommendations - Haida Group is highlighted as a key investment in the feed sector, having achieved significant sales growth of 3 million tons in the first half of the year. Despite potential underperformance in earnings forecasts, the company's competitive position and long-term growth prospects remain strong [6][11]. Swine Farming Industry Dynamics - The swine farming industry has seen a rise in scale, with specialization becoming more pronounced. Large groups focus on breeding while smaller farms concentrate on fattening pigs. The industry has faced overcapacity due to rapid capital expansion post-African swine fever [7][12]. Market Trends and Future Outlook - The pet food industry has shown strong performance from January to May 2025, despite recent valuation discrepancies. The long-term outlook remains positive, with domestic brands increasingly focusing on high-end products and innovation driving growth [9][10]. - The feed industry is in a late-stage phase, with leading companies like Haida Group expected to enhance their competitive edge, particularly in overseas markets, with annual sales growth projected to exceed 30% [11]. Challenges and Opportunities in Animal Health - The animal health sector faces challenges due to a lack of standout products. However, innovation in vaccines and genetic engineering presents growth opportunities, with companies like KQ Bio being recommended for their strong R&D capabilities [13]. Overall Investment Strategy - The investment strategy for the agricultural sector emphasizes a selective approach, focusing on the swine farming and pet food sectors, as well as Haida Group. Investors are advised to pay close attention to these areas to capitalize on potential investment opportunities amid frequent policy changes [14].