立华股份今年以来股价涨5.96%，近5个交易日涨3.82%，近20日涨2.81%，近60日涨4.91%。 今年以来立华股份已经1次登上龙虎榜，最近一次登上龙虎榜为4月8日。 8月27日，立华股份盘中下跌2.00%，截至13:49，报20.09元/股，成交1.55亿元，换手率1.22%，总市值 168.21亿元。 资金流向方面，主力资金净流出1084.78万元，特大单买入482.31万元，占比3.12%，卖出1827.13万元， 占比11.82%；大单买入3698.20万元，占比23.93%，卖出3438.15万元，占比22.25%。 资料显示，江苏立华食品集团股份有限公司位于江苏省常州市武进区牛塘镇漕溪路66号，成立日期1997 年6月19日，上市日期2019年2月18日，公司主营业务涉及黄羽鸡、生猪、肉鹅的生产与销售。主营业务 收入构成为：鸡收入75.84%，猪23.31%，鹅0.86%。 立华股份所属申万行业为：农林牧渔-养殖业-肉鸡养殖。所属概念板块包括：养鸡、食品安全、中盘、 融资融券、高派息等。 分红方面，立华股份A股上市后累计派现19.79亿元。近三年，累计派现10.30亿元。 机构持仓方面，截止 ...

| | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 8,353,315,506.01 | 7,805,091,471.63 | 7.02% | | 归属于上市公司股东的净利润 (元) | 148,798,767.04 | 574,602, 201. 45 | -74. 10% | | 归属于上市公司股东的扣除非 经常性损益的净利润(元) | 148,481,059,43 | 543, 555, 925. 01 | -72.68% | | 经营活动产生的现金流量净额 (元) | 558,655,226,99 | 676, 925, 536, 59 | -17. 47% | | 基本每股收益(元/股) | 0.1794 | 0.6943 | -74. 16% | | 稀释每股收益(元/股) | 0.1794 | 0. 6943 | -74. 16% | | 加权平均净资产收益率 | 1. 63% | 7.17% | -5.54% | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | 总资产(元) | 15 ...

Core Insights - Lihua Co., Ltd. (300761.SZ) reported a revenue of 8.353 billion yuan for the first half of 2025, reflecting a year-on-year growth of 7.02%, but the net profit attributable to shareholders plummeted by 74.10% to 149 million yuan, indicating a situation of increasing revenue but declining profit [1][1][1] Revenue Breakdown - The sales volume of Huangyu chicken reached 260 million birds, an increase of 10.37%, but the average selling price dropped significantly by 18.40% due to weak terminal consumption, leading to a gross margin contraction in the chicken segment to 6.21%, down 7.65 percentage points year-on-year [1][1][1] - The pig farming business emerged as a highlight, with sales volume soaring by 118.35% to 949,600 heads, and the total cost reduced to 12.8 yuan per kilogram, which boosted the gross margin to 22.46% [1][1][1] - Goose sales reached 1.1627 million birds, up 21.06%, but the selling price fell by 23.03%, and the company's Fuyang goose breeding base is in the early stages of production, resulting in higher unit costs and a temporary loss in the goose business [1][1][1] Financial Adjustments - During the reporting period, the company recognized an asset impairment loss of 55.993 million yuan, accounting for 40.53% of the total profit [1][1][1] Shareholder Activity - Notably, starting from July 23, 2025, the company's chairman, Cheng Lili, has been continuously reducing his shareholding, with a total of 12.7704 million shares sold, amounting to approximately 250 million yuan [1][1][1]

Core Viewpoint - The actual controller of Lihua Co., Ltd. plans to reduce its holdings while implementing incentive measures for core employees as the breeding business shows significant recovery [1][2]. Group 1: Shareholding and Reduction Plans - The actual controller Cheng Lili and its action partner, Pentium Animal Husbandry, plan to reduce their holdings by up to 25.12 million shares, accounting for 3% of the total share capital [1]. - The reason for the reduction is to repay equity pledge loans and interest, while also incentivizing long-term employees who have contributed to the company's growth [1]. - Prior to this, Cheng Lili's action partners had multiple reduction plans, including a 5.98% reduction plan in February 2023, followed by a total reduction of 4.24% from March to August 2023 [2]. Group 2: Financial Performance - In 2024, Lihua Co., Ltd. achieved operating revenue of 17.725 billion yuan, a year-on-year increase of 15.44%, and net profit of 1.521 billion yuan, marking a return to profitability [3]. - The chicken breeding segment generated 14.531 billion yuan in revenue, up 8.01%, accounting for 81.98% of total revenue [3]. - The company sold 1.298 million pigs, a 51.80% increase, with the pig segment revenue rising by 76.51% to 292.7 million yuan [3].

Core Viewpoint - The company focuses on enhancing core competitiveness and reducing breeding costs while adapting to changing consumer demands [1] Financial Performance - In Q1 2025, the company achieved a net profit of 206 million, a year-on-year increase of 157.47% [2] - In 2024, the company listed 516 million yellow feather broilers, a 12.95% increase year-on-year; 1.298 million pigs, a 51.80% increase; and 2.0963 million geese, a 21.73% increase [2] - The company reported a total revenue of 17.725 billion, a 15.44% increase year-on-year, and a net profit of 1.521 billion, marking a turnaround from losses [2] Business Segments - The core business of the company is yellow feather broiler breeding, slaughtering, and sales, contributing 81.98% of total revenue with sales of 14.531 billion, an 8.01% increase year-on-year [2] - The pig farming segment generated 2.927 billion in sales, a 76.51% increase year-on-year, accounting for 16.51% of total revenue [2] Industry Insights - The overall pig farming industry has turned profitable in 2024 after a period of losses, with expectations of continued profitability in 2025 despite potential price declines [3] - The industry is expected to see increased concentration, with companies focusing on product development, brand building, and cost control [3] Cost Management - The company has reduced the complete cost of pig farming to below 6.50 per kg and the complete cost of yellow feather broilers to below 5.5 per kg [3] - Effective cost management is deemed essential for achieving good profitability in the breeding industry [3]