来源：市场资讯 （来源：博亚和讯） 12月水产料、畜禽料涨不停。 鱼粉年内暴涨5000元/后，豆粕又跟涨 12月，主流市场秘鲁鱼粉价格保持在16900-17000元/吨的高位，部分港口报价高达17500-18000元/吨， 但整体成交议价为主。目前高点的18000元/吨，较年初12900-13000元/吨，暴涨了5000元/吨。 近日，豆粕市场消息频传！ 有消息称全国海关将延期到25天放行，进口大豆通关时间延长，缓解大豆及豆粕库存压力，并导致12月 进口大豆通关延迟，令豆粕现货价格出现小幅上涨。 另一边，时隔三个月的进口大豆拍卖再次开启！ 本次交易进口大豆数量51.25万吨，分布在辽宁、天津、河北、浙江、山东、湖南、河南、四川等地， 大豆生产年份为2022或2023年，杂质最多为1.5%，大部分在1%以下;而水分最高为13%，大部分在10% 以内，且在12月22日就能开始交割出库。 从拍卖结果来看，12月11日大豆成交总量达397043吨，成交率高达77.5%，其中山东、天津及浙江等地 成交火爆，几乎是全部成交。从拍卖价格来看，本次拍卖成交均价3935.3元/吨，若不考虑大豆生产年 限、出库及运输等费用，这价 ...

12月12 日，"2025年广 东农业企业品牌 价值50强"榜单 在大湾区农产品 交易会暨土特产 精品博览会上正 式发布。广东粤 海饲料集团股份 有限公司（股票 代码： 001313.SZ）凭 借凭借强劲的综 合实力与品牌影 31.63亿元！粤 海饲料硬核实力 再获认证，蝉联 广东农业企业品 牌价值50强_南 方+_南方plus 响力，成功入 选"2025年广东 农业企业品牌价 值50强"榜单， 品牌价值高达 31.63亿元，彰 显了其在水产饲 料行业的标杆地 位。 据悉，本次评选 活动由南方报业 传媒集团南方农 村报社联合中国 广告协会国际传 播工作委员会、 广东省价格和产 业品牌发展协会 等权威机构共同 主办，已连续举 办两年，依托科 学的量化评价模 型与动态企业数 据库，从综合实 力、品牌建设、 创新能力等多维 度进行评估，是 衡量广东农业企 业发展水平的重 要权威参考。榜 单显示，今年上 榜企业品牌总价 值达2591.95亿 元，较去年稳步 增长。粤海饲料 作为水产饲料行 业的代表性企 业，连续两年入 围榜单，获得行 业广泛认可。 20%-37%，首个 海外基地越南粤 海投产，国际化 战略成效初显。 ...

Core Insights - The company reported significant growth in core products during the first three quarters, with shrimp and crab feed, tilapia feed, and live fish feed showing year-on-year increases between 20% and 37% [2] Marketing Expenses - The increase in marketing expenses is attributed to promotional activities, numerous ordering meetings, technical exchange meetings, and enhanced marketing system incentives, which have positively impacted sales growth [2] - These investments have effectively driven a year-on-year increase in feed sales and laid a solid foundation for consolidating and expanding market share and advantages [2] - The company plans to continue conducting various marketing and technical service activities based on previous experiences, indicating that overall expenses are not expected to decrease significantly [2]

粤海饲料 20251201 摘要 粤海饲料前三季度饲料销量达 66 万吨，同比增长 11.93%；营收 49.97 亿元，同比增长 12.18%；归母净利润 2,610.19 万元，同比增 长 38.86%，主要得益于客户结构优化、技术战略和市场营销活动。 公司坚持"三高三低"技术战略和"四重保障"产品质量体系，通过 "粤海畅步行"营销活动，提升产品竞争力和品牌认可度，并积极推广 AI 智能养殖模式，降低养殖成本，提高饲料利用率。 公司预计 2025 年全年业绩保持稳定增长，2026 年规划实现 20%以上 总体增长，虾蟹料及特种水产饲料金额目标增长 50%以上，总销量从 100 万吨提高到 120 万吨以上。 公司计划通过越南和安徽新厂投产增加至少 10 万吨以上的销量，并积 极开拓新的水产品类及区域市场，推动高端化、绿色化产品发展，加大 AI 智能养殖模式推广力度。 公司预计 2025 年和 2026 年营收每年增长 20%-30%，销售费用预计 同比会有一定增长，主要原因是营销组织架构调整和考核方式变化，将 继续强化技术服务和营销服务。 Q&A 粤海饲料在 2025 年前三季度的核心单品（如虾蟹料、罗非 ...

Group 1: Core Product Growth - The company's core products (shrimp feed, tilapia feed, and live fish feed) experienced significant growth, with year-on-year increases ranging from 20% to 37% [2][3] - Key drivers for this growth include an optimized customer structure, enhanced product competitiveness, and effective marketing reforms [2][3] Group 2: Marketing Expenses - Marketing expenses increased slightly year-on-year due to promotional activities, technical exchange meetings, and enhanced incentive mechanisms [4][5] - The company plans to maintain reasonable resource allocation for marketing to support ongoing business development [5] Group 3: Acquisition and Expansion - The acquisition of Yixing Tianshi Feed is progressing, with the first phase of equity transfer payments completed [5] - The company aims to leverage this acquisition to enhance its product offerings and expand into new markets, including health products and cosmetics [5] Group 4: Talent Development - The company employs a dual strategy of internal training and external recruitment to build its talent pool [6] - Current talent reserves are deemed sufficient to support the company's growth needs [6] Group 5: Southeast Asia Market Potential - The Southeast Asian market, particularly Vietnam, shows strong demand for shrimp feed (over 900,000 tons) and favorable conditions for aquaculture [7] - The company has established a production base in Vietnam, with plans for further expansion and a target annual capacity of 200,000 tons [8] Group 6: Internationalization Strategy - Vietnam is the first overseas subsidiary, serving as a testing ground for the company's international expansion strategy [8][9] - The company plans to leverage its experience in Vietnam to expand into other Southeast Asian markets and globally [9]

Company Overview - Guangdong Yuehai Feed Group Co., Ltd. is a national innovative pilot enterprise and high-tech enterprise primarily engaged in the research, production, and sales of aquatic feed, with a focus on special aquatic feed since its establishment in 1994 [2][3] - The company ranks among the top three in the special aquatic feed industry, with special aquatic feed sales accounting for approximately 70% of total feed product sales [2][3] Financial Performance - In the first three quarters of 2025, the company achieved a feed sales volume of 660,000 tons, representing a year-on-year growth of 11.93% [3][9] - Revenue reached CNY 4.997 billion, an increase of 12.18% year-on-year, while net profit attributable to shareholders was CNY 26.198 million, up 138.86% [3][11] Production Capacity - The company's overall production capacity exceeds 2.5 million tons, with actual capacity over 1.5 million tons and a utilization rate of around 70% [3][9] - New production bases in Anhui and Vietnam were established to enhance domestic and international market presence [4][7] Strategic Developments - The Anhui base, with an investment of CNY 170 million, has an annual production capacity of over 100,000 tons and aims to become a core service hub for East and Central China [4][5] - The Vietnam base, with an investment of CNY 140 million, also has an annual capacity exceeding 100,000 tons, with plans to expand to 200,000 tons [5][6] Market Strategy - The company employs a "Three Highs and Three Lows" technical strategy to enhance product quality and efficiency, focusing on high quality, health, and growth while minimizing protein, loss, and feed ratio [10][11] - The marketing strategy includes the "Yuehai Wealth Creation Tour" to provide comprehensive support to aquaculture farmers and expand market reach [10][11] Product Development - The company has developed a diversified product system centered on shrimp and fish seedlings, with notable brands focusing on growth speed, disease resistance, and profitability [12] - The seedling business benefits from a comprehensive technological system ensuring high-quality output and stability [12]

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].