（来源：家禽信息PIB） 来源：市场资讯 真枪实蛋！合作共赢！每天开机保苗保价种蛋13箱 1、明日鸭苗（单位：元/羽） 2.07 0.10 2.05 0.10 2.12 0.10 2.05 0.10 2.00 0.10 2.00 0.10 2.00 0.10 2.00 0.10 2.00 0.10 | 2.07 | | --- | | 0.10 | | 2.00 | | 0.10 | | 2.00 | | 0.10 | | 2.00 | | 0.10 | | 2.10 | | 0.00 | | 1.90 | | 0.00 | | 广东科源 | | 1.90 | | 0.00 | | 广西科源 | | 1.90 | | 0.00 | | 桂桂 | | 1.90 | | 0.00 | | 广西实隆 | | 1.90 | | 0.00 | | 广西康旺（康顺） | | 1.90 | | 0.00 | | 川桂 | | 2.00 | | 0.00 | | 绵樱 | 2.00 0.10 金枫樱桃谷(到户) 山东种鸭联盟 微评：鸭苗报价局部上涨。（注：南方只报当天价格）震荡拉锯为主，具体成交走势有待观察。根据产 品、养殖 ...

Core Viewpoint - Yike Foods (301116) is expected to report a net loss of 260 million to 290 million yuan for 2025, with a significant decline in profitability primarily due to a larger decrease in sales prices of duck products and ducklings compared to cost reductions [2] Group 1: Financial Performance - The company anticipates a net profit loss attributable to shareholders of 260 million to 290 million yuan for 2025, representing a substantial year-on-year decline [2] - The decrease in gross profit is attributed to the sales price drop of duck products and ducklings exceeding the decline in costs [2] Group 2: Project Progress - The board of directors approved a delay in the completion date of the "Expansion of 20,000 tons of poultry cooked food project" from January 2026 to January 2028, based on actual construction conditions and market environment [3] Group 3: Company Status - The company is restructuring its organizational framework to enhance operational efficiency and is changing accounting policies as per the Ministry of Finance's requirements, which is not expected to significantly impact its financial status [4] - On February 3, 2026, the company announced a guarantee of 40 million yuan for its subsidiary, Xuzhou Runke Food Co., Ltd., with the total guarantee amount accounting for 47.92% of the most recent audited net assets [4]

Core Viewpoint - Yike Foods announced an expected net loss of 260 to 290 million yuan for 2025, indicating a shift from profit to loss year-on-year [1] Financial Performance - The company's revenue is projected to decline by approximately 9% year-on-year, primarily due to a decrease in sales prices of key products such as chicken and duck products, as well as ducklings and chicks [1] - The reduction in net profit and net profit attributable to shareholders is mainly attributed to the decline in sales prices of duck products and ducklings, which outpaced the decrease in costs, leading to a significant reduction in gross profit [1] Market Conditions - The demand in the meat duck industry chain, including slaughtering and duckling segments, did not meet expectations during the reporting period, resulting in a cyclical and temporary oversupply of capacity [1] - The decline in product prices exceeded the decline in product costs, causing a substantial reduction in gross profit, with gross profit from duck products decreasing by approximately 220 million yuan and from ducklings by about 270 million yuan, which were the main contributors to the overall gross profit reduction [1] Non-Recurring Items - The expected impact of non-recurring gains and losses on net profit attributable to shareholders is approximately 25 million yuan, primarily from government subsidies recognized in the current period [1]

通讯员 巩玉龙 "山东泰淼种鸭二分场自2025年7月建成投苗后，经过半年的育雏育成期的养殖，已经正式步入产蛋期。 目前，泰淼两个种鸭场，合计存栏种鸭18万只，年生产种蛋 3000多万枚，生产鸭苗 2000多万只，完全 能满足公司内部肉鸭投放需求。今年公司计划投资5000万建设占地70亩，年孵化 5000 万羽鸭苗的孵化 场，进一步完善肉鸭孵化、养殖、加工完整产业链。"山东泰淼种禽部经理武海波说。 "山东泰淼种鸭二分场共有生态养鸭大棚13栋，属于种鸭养殖三期工程，占地面积120亩，总投资2000万 元，建设种鸭舍13栋。去年3月开始动工建设，6月底竣工，7月投苗。可饲养种鸭6万余只，年产种蛋 1300万枚，孵化鸭苗1100余万只，实现产值3000万元。这里是一片斜坡，西高东低，设计成六个平台， 布局科学合理，车辆进出非常方便。"泰淼食品有限公司种禽部经理武海波介绍。 山东泰淼种鸭养殖场位于石莱镇南官庄村东，是继建设洪沟肉鸭养殖基地后，由山东泰淼食品有限公司 投资建设的又一个大型标准化养殖基地。项目总投资7000多万元，总占地376亩，分多期建设。已经先 后建成鸭舌养殖棚39栋，均已投入运营。今年将建设种鸭孵化项 ...

Group 1: New Five Feng - New Five Feng expects a net profit loss of 7 billion to 9.6 billion yuan for 2025, a significant decline from profit in the previous year [1] - The company attributes the loss to a substantial decrease in pig prices compared to the previous year and the need to account for inventory impairment on biological assets [1] - In 2025, New Five Feng's pig sales volume is projected to be approximately 5.4224 million heads, an increase of over 25% from 4.1663 million heads in 2024, with Q4 sales reaching 1.8669 million heads, a 66.4% increase from Q3 [1] Group 2: Bright Meat Industry - Bright Meat Industry anticipates a net loss of 1.16 billion to 1.71 billion yuan for 2025, marking its first loss in fifteen years [2] - The primary reason for the loss is the poor performance of the pig farming sector, driven by low domestic market prices [2] - The company is working on cost reduction and efficiency improvements in pig farming, but the significant drop in sales prices has led to substantial losses [2] Group 3: Lihua Co., Ltd. - Lihua Co., Ltd. forecasts a net profit of 550 million to 600 million yuan for 2025, representing a year-on-year decline of 60.55% to 63.84% [3] - The company's complete cost for meat chickens is approximately 11.4 yuan/kg, while the complete cost for pigs is about 12.3 yuan/kg, both of which are among the highest in the industry [3] Group 4: Yike Foods - Yike Foods projects a net profit loss of 260 million to 290 million yuan for 2025, a drastic decline from a profit of 100 million yuan in the previous year, marking the worst annual report since its listing [4] - The company's revenue is expected to decrease by about 9% due to a larger decline in sales prices compared to cost reductions, leading to a significant reduction in gross profit [5] - The duck product segment has seen a gross profit decrease of approximately 220 million yuan, while duckling gross profit has decreased by about 270 million yuan, contributing to the overall decline [5]

Core Viewpoint - Yike Foods (301116) is facing significant financial challenges, with projected losses for 2025, while also undergoing organizational restructuring and adjustments to its project timelines [3][4][5]. Trading Information Summary - As of January 20, 2026, Yike Foods closed at 11.37 yuan, up 0.98%, with a turnover rate of 1.24%, trading volume of 55,700 shares, and a transaction value of 62.857 million yuan [1]. Fund Flow - On January 20, 2026, the net inflow of main funds was 1.3998 million yuan, while retail investors experienced a net outflow of 1.598 million yuan [2]. Performance Disclosure Highlights - Yike Foods anticipates a net profit loss of 260 million to 290 million yuan for 2025, with a non-recurring net profit loss expected to be between 285 million and 315 million yuan [3][4]. Company Announcement Summary - The company announced a projected net profit loss for 2025 of 260 million to 290 million yuan, representing a year-on-year decline of 359.56% to 389.51%. The decline is attributed to a greater decrease in sales prices of duck products and ducklings compared to cost reductions, leading to reduced gross profit. Revenue is expected to decline by approximately 9% [4]. - The board of directors approved adjustments to the organizational structure to enhance governance and operational efficiency, with all nine directors present at the meeting [5][6]. - The timeline for the "expansion of 20,000 tons of poultry cooked food project" has been postponed from January 2026 to January 2028, while the accounting policy changes were made in accordance with the Ministry of Finance's requirements and will not significantly impact the company's financial status [5][9]. Accounting Policy Changes - The company has revised its accounting policies based on the Ministry of Finance's requirements, effective from January 1, 2026. The changes pertain to the accounting treatment of compensatory assets in business combinations and will not have a significant impact on the company's financial condition, operating results, or cash flow [7][8]. Digital Transformation Initiatives - Yike Foods is focusing on digital transformation by establishing an IoT center to enhance data-driven decision-making across its operations, including smart farming, automated processing, and digital management [10]. - The company is committed to technological innovation, emphasizing investment in breeding, intelligent equipment, biotechnology, and digital upgrades to transition towards a high-end, intelligent, and green development model [10].

Core Viewpoint - Yike Foods expects a net profit attributable to shareholders to be between -290 million and -260 million yuan in 2025, representing a year-on-year decline of 389.51% to 359.56% [1] Financial Performance - The company's main products, including chicken and duck products, as well as chicken and duck seedlings, showed little change in sales volume year-on-year [1] - Operating revenue decreased by approximately 9% year-on-year, primarily due to a decline in sales prices of key products [1] - The reduction in net profit and profit attributable to shareholders is mainly due to the sales price drop of duck products and duck seedlings exceeding the cost reduction, leading to a significant decrease in gross profit [1] Market Conditions - The market demand for the meat duck industry chain, including slaughtering and duck seedlings, was below expectations during the reporting period [1] - There was a cyclical and temporary oversupply of production capacity, resulting in a greater decline in product prices compared to the decline in production costs [1] - The gross profit from duck products decreased by approximately 220 million yuan year-on-year, while the gross profit from duck seedlings decreased by about 270 million yuan, which were the main reasons for the reduction in the company's gross profit during the reporting period [1]

Group 1 - The core viewpoint of the article highlights the significant financial losses faced by Yike Foods due to the ongoing downturn in the white feather duck industry and the historical low prices of duck products [1] - Yike Foods anticipates a net loss of 260 to 290 million yuan for the year 2025, representing a year-on-year decrease of 359.56% to 389.51% [1] - The company's revenue is expected to decline by approximately 9% year-on-year, primarily due to falling sales prices of key products such as duck and chicken [1] Group 2 - The white feather duck market is experiencing extreme low prices, with the price of small white strip ducks dropping below 4000 yuan per ton in June 2025, leading to widespread losses among industry players [1] - In November, duck down prices initially rose, allowing processing plants to return to profitability, but by December, prices fell from 1.8 yuan per kilogram to as low as 1.3 yuan, causing further losses [2] - The industry is facing an oversupply situation, with approximately 10 million breeding ducks under construction, which is about one-third of the normal production capacity, indicating a challenging future for capacity reduction [2]

Core Viewpoint - Yike Foods announced an expected net profit loss for the fiscal year 2025, projecting a net profit attributable to shareholders of between -290 million to -260 million yuan, representing a year-on-year decline of 389.51% to 359.56% [1] Group 1: Financial Performance - The company's net profit decrease is primarily due to a significant drop in sales prices of key products such as duck products and ducklings, which outpaced the decline in costs [1] - The report period saw lower market demand for the meat duck industry chain, including slaughtering and duckling segments, leading to a substantial reduction in gross profit [1]

1.00 粤桂 0.80 广东科源 来源：市场资讯 （来源：家禽信息PIB） 0.80 广西科源 0.80 桂桂 0.80 广西实隆 0.80 广西康旺（康顺） 0.80 川桂 1.20 1.00 绵樱 1.00 智诚 1.25 金枫樱桃谷(到户) 1.37 山东种鸭联盟 种蛋 1.10 0.00 微评：鸭苗报价下跌。（注：南方只报当天价格）整体交投情绪平淡。根据产品、养殖成本及鸭苗现状 分析，预计近期鸭苗价格呈稳中微调趋势。种蛋报价稳定。温馨提示：该价格为主流厂家报价，实际销 售价格以成交价格为准，价格仅供参考。鸭苗报价或勘误请联系编辑：PIB188（备注报价）；进精品 肉鸭养殖交流群，加编辑微信：PIB188，邀请进群。 SVIP1:潍坊鑫桥牧业有限公司 每天出30万优质樱桃谷鸭苗，欢迎咨询；电话：14768619031 张经理 真枪实蛋！合作共赢！每天开机保苗保价种蛋13箱 1、蛋价:电话沟通 发财热线：13305360991 特色鸭苗播报： 2025年11月21日-2026年1月4日主流地区白羽鸭毛鸭均价走势图 【麻鸭】广东0.9，广西0.8，江西0.8， 【骡鸭】（南方）：2.4 泰芪强 泰芪强：鸭 ...