证券代码：001313 证券简称：粤海饲料 广东粤海饲料集团股份有限公司 投资者关系活动记录表 编号：2026-001 | | √特定对象调研 分析师会议 | | --- | --- | | 投资者关系活 | 媒体采访 业绩说明会 | | 动类别 | 新闻发布会 路演活动 | | | 现场参观 其他 | | 参与单位名称 | 粤海饲料副总经理 董事会秘书 冯明珍女士、粤海饲料证券事务代表 黎 | | 及人员姓名 | 维君女士。 | | | 参会机构及人员：详见附件名单。 | | 时间 2026 | 年 月 日 3 2 | | 地点 | 粤海饲料 2 号会议室 | | 形式 | 电话会议交流 | | | 年 月份，公司销量以及细分产品的销量情况？ 1、请问截至 2026 2 | | | 答：截至 年 月底，公司饲料销量实现 万吨，其中虾蟹料 2026 2 10.6 | | | 销量实现 万吨，同比增长 万吨，同比增 3.2 61%，海特鱼料销量实现 5.6 | | 长 | 40%，普水鱼料销量实现 1.8 万吨，同比增长 45%。细分产品中，海 | | | 鲈鱼料、金鲳鱼料等大品类产品销量增长突出 ...

Company Overview - Guangdong Yuehai Feed Group Co., Ltd. is a national innovative pilot enterprise primarily engaged in the R&D, production, and sales of aquatic feed, established in 1994. It is one of China's leading quality aquatic feed companies, focusing on special aquatic feed, which accounts for approximately 70% of its total feed sales [2][3]. - The company has over 30 subsidiaries, with 70% of its revenue generated from the South China region [2]. Financial Performance - In the first half of 2025, the company achieved feed sales of 330,000 tons, a year-on-year increase of 11.40%. Revenue reached 2.668 billion yuan, up 12.90%, with a net profit of 3.565 million yuan, reflecting a significant growth of 107.43% [3][4]. - Despite challenges such as reduced fish stocks and adverse weather, the company managed to achieve growth due to strong product quality and operational efficiency [3]. Product Performance - Specific feed types showed varied performance: shrimp and crab feed grew by approximately 15%, marine fish feed by over 12%, while common freshwater feed saw a growth of about 6%. However, certain types like sea bass and golden pomfret feed experienced a decline of 8%-17% [4]. - The company plans to launch new products, including East Star grouper feed and soft-shelled turtle feed, which have received positive market feedback due to their superior nutritional formulations and production quality [11][12]. Market Outlook - The second half of 2025 is expected to see improved performance due to a favorable market for aquatic products, with anticipated price increases for shrimp, soft-shelled turtles, and tilapia, driven by seasonal demand and upcoming holidays [8]. - The overall trend for the aquatic feed industry is positive, with expectations for continued growth in sales and revenue [8]. Risk Management and Procurement Strategy - To enhance raw material procurement and risk management, the company has implemented several strategies, including: - Strengthening partnerships with key suppliers to ensure quality and favorable pricing [6][7]. - Utilizing digital technologies to improve supply chain transparency and efficiency [7]. - Continuously experimenting with new raw materials to diversify supply sources and reduce procurement costs [7] [8]. Accounts Receivable Management - The company has improved its credit impairment situation, but accounts receivable remain high due to the long cycles in special aquatic feed production. Measures are being taken to enhance management and reduce risks associated with receivables [13][14]. - The company aims to maintain its leading position in the industry by providing substantial support to key clients while tightening credit for less reliable customers [13][14]. International Expansion - The company is in the process of establishing a factory in Vietnam, which is expected to produce fish and shrimp feed. Future international expansion plans include potential projects in Ecuador, Bangladesh, and Saudi Arabia [15].