同时，在公司国内国外"双轨制"的经营策略下，天马科技不仅在国内打造"中国鳗谷"现代产业园，还积 极拓展海外市场。日本子公司"天马科技株式会社"已于报告期内设立，并推出自主品牌"犒赏鳗鱼"。公 司计划与日本食品批发巨头旭食品株式会社达成战略合作，进一步打通东亚高端市场。 公司方面表示，在技术革新与市场需求的双重驱动下，水产品消费逐渐从"温饱型"向"品质型"转变。公 司聚焦主业，稳步推进鳗鲡全产业链建设，养殖、食品两大业务正成为天马科技营收与利润增长的重要 引擎，公司也将继续向着"打造世界级全产业链食品供应链平台"的目标迈进。 在养殖业务方面，上半年天马科技实现收入约4.19亿元，同比增长14.02%。八大渔业产业集群及福建、 广东两大万亩产业基地产能加速释放，报告期内鳗鱼出池量达9502.51吨，刷新历史同期峰值，且养殖 端毛利率持续保持高位。 值得一提的是，公司打造"立足国内、辐射日韩、面向全球"的活鳗营销网络体系，通过鄂州花湖机场顺 利开通鲜活水产品空运专线，实现活鳗首飞韩国，进一步推动了公司全球化产业销售渠道的完善与优 化。 此外，报告期内，天马科技饲料业务整体保持稳健经营态势，公司通过优化业务结构、强化 ...

在全球渔牧行业转型升级的浪潮中，聚焦鳗鲡全产业链的天马科技（603668.SH）在上半年交出亮眼成 绩单，多项经营指标创下历史同期新高。 8月26日晚间，公司披露的2025年半年报显示，上半年，天马科技实现归母净利润6021.70万元，同比增 加7.40%。报告期内，公司日本鳗与美洲鳗投苗量与存池量均位居全国第一，公司智慧养殖业务出鱼 量、烤鳗销量亦双双刷新历史同期峰值，为公司高质量发展注入强劲动能。 事实上，智慧养殖与健康食品构建的全产业链协同一直是天马科技的核心竞争优势。报告期内，公 司"养殖+食品"业务营收占比提升至27.58%，较上年同期上升7.64个百分点。 在养殖业务方面，上半年天马科技实现收入约4.19亿元，同比增长14.02%。八大渔业产业集群及福建、 广东两大万亩产业基地产能加速释放，报告期内鳗鱼出池量达9502.51吨，刷新历史同期峰值，且养殖 端毛利率持续保持高位。 公司方面表示，在技术革新与市场需求的双重驱动下，水产品消费逐渐从"温饱型"向"品质型"转变。公 司聚焦主业，稳步推进鳗鲡全产业链建设，养殖、食品两大业务正成为天马科技营收与利润增长的重要 引擎，公司也将继续向着"打造世界级全 ...

Core Insights - The Guangdong food industry is experiencing a transformation through the integration of artificial intelligence and data management, enhancing productivity and efficiency [1][4][5] - The "2025 Food Season" initiative aims to stimulate domestic demand and promote the transformation of the food industry in Guangdong [3][4] Group 1: Industry Development - Guangdong's food industry is projected to generate nearly 900 billion yuan in revenue by 2024, ranking among the top in the country [2] - The province has established a "One Area, One Belt, All-Around Support" industrial development framework, with major cities like Guangzhou, Foshan, and Dongguan each exceeding 100 billion yuan in food industry scale [2] - As of now, there are 25 provincial food industrial pilot counties, with 48% of the counties recognized for their innovative and competitive practices [2] Group 2: Technological Integration - The application of AI across the food production chain is set to optimize resource allocation and improve management efficiency [4][5] - Notable advancements include the establishment of a digital intelligent demonstration factory by Jianlibao in Foshan, which has improved capacity utilization by 16% and reduced costs by 14% [4] - Hai Tian's factory has been recognized as a world-class "Lighthouse Factory," utilizing an "AI electronic nose" to standardize flavor profiles in soy sauce production [5] Group 3: Regional Specialization - Different pilot counties are developing unique industrial paths, such as Meizhou's focus on selenium-rich and longevity foods, generating over 3 billion yuan annually [2] - Chaozhou's production of salted chicken has established a complete industry chain, capturing over 80% of the national market share for its products [2] - Huizhou's Borou County has transitioned from raw material sales to a comprehensive industry chain, supported by a 5 billion yuan investment in agricultural processing [3]