中证农业

MyHome 2025 Shareholder Meeting: Cost Drops to 11.6 RMB/kg, 10 Billion AI Model Investment

Mutian Stockholders' Meeting Approves Multiple Important Resolutions

Muyuan Shares' Wholly-Owned Guangdong Hengqin Muyuan Modern Agro-Sci-Tech Co., Ltd. Established

Muyuan Food Revenue for Finished Pigs Dropped 32.49% to 8.5 Billion Yuan in April 2026

Star Lake Science released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 3.74 B, actual EPS CNY -0.0282

TECON released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 3.917 B, actual EPS CNY -0.12

Layn released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 446.87 M, actual EPS CNY 0.0573

TRS released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 5.379 B, actual EPS CNY -0.4396

Yasheng Group released FY2025 Q4 earnings on April 29 After-Market (BJT), actual revenue CNY 1.898 B, actual EPS CNY 0.011

TIANMA TECH released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 1.548 B, actual EPS CNY 0.01

Yasheng Group released FY2025 earnings on April 29 After-Market (BJT), actual revenue CNY 4.242 B, actual EPS CNY 0.0292

CADSG released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 1.653 B, actual EPS CNY 0.02

Yasheng Group released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 625.74 M, actual EPS CNY 0.0108

Adisseo released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 4.403 B, actual EPS CNY 0.1

BATIAN released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 1.328 B, actual EPS CNY 0.281

CAHIC released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 1.509 B, actual EPS CNY 0.0237

Qinghai Yanhu Industry released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 6.432 B, actual EPS CNY 0.572

New Hope released FY2026 Q1 earnings on April 29 Pre-Market (BJT), actual revenue CNY 27.29 B, actual EPS CNY -0.2

SuKen Agriculture released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 2.09 B, actual EPS CNY 0.04

TRS released FY2025 Q4 earnings on April 28 During-Market (BJT), actual revenue CNY 5.629 B, actual EPS CNY -0.571

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大农业

159825

512620

516810

At a press conference held on April 23, the Ministry of Agriculture and Rural Affairs stated that the foundation for grain and oil production in China during the first quarter of this year has been solid. Winter wheat growth and development have basically caught up with normal levels, while winter rapeseed planting area remains stable with good growth conditions. Spring plowing and sowing are progressing smoothly, the intended sowing area for the full year's grain crops remains generally stable, and spring sowing progress has exceeded 20%

Wallstreetcn

Agriculture Index

SSE Agriculture

Fullgoal CSI Agriculture Theme ETF

Tianhong CSI Agriculture Thematic ETF

ChinaAMC CSI Agriculture Theme ETF

Ministry of Agriculture and Rural Affairs: Strong Foundation for Grain and Oil Production in First Quarter

As of April 13, 2026, the China Securities Agriculture Theme Index rose by 1.01%, and the Agriculture ETF ChinaAMC rose by 1.05%. Live pig prices are under pressure, while the price of the white feather chicken industry chain is warming up. It is expected that the performance of white chicken companies will improve in Q1 2026. GF Securities pointed out that industry losses and policy adjustments will accelerate capacity reduction, and pig prices may have reached the bottom of the cycle, with poultry prices expected to rebound. The Agriculture ETF ChinaAMC holds leading positions in various sub-sectors, and investors can use the ETF to position themselves for opportunities in the agricultural rebound

腾讯新闻 - 财经

Pig prices are under pressure, poultry prices are warming up, the sector's bottom is stabilizing, and the agriculture ETF ChinaAMC rose by 1.05%

As of April 8, 2026, the China Securities Agriculture Theme Index rose by 1.60%, and the Agriculture ETF ChinaAMC rose by 1.40%, with the latest price at 0.87 yuan. Recent policies emphasize the regulation of hog production capacity, with pork prices falling below 9 yuan/kg, leading the industry into a phase of negative net cash flow and accelerating the capacity reduction process. Kaiyuan Securities pointed out that the supply in the hog farming industry is loose, and investors should pay attention to signals such as the inventory of breeding sows. The Agriculture ETF ChinaAMC holds many leading stocks in various sub-sectors, with valuations at historical lows, making it suitable for investors to position themselves for agricultural rebound opportunities

Agriculture ETF ChinaAMC rose by 1.40%, as pig prices face pressure and the capacity reduction process accelerates

As of April 8, 2026, the Agriculture ETF ChinaAMC (516810) rose by 1.28%, and the CSI Agriculture Theme Index (000949) increased by 1.46%. The valuation of the pig farming sector is low, with sufficient safety margins, and Huachuang Securities recommends proactive positioning. Pig prices have fallen to a more than ten-year low, and farming enterprises are enhancing their risk resistance capabilities by reducing costs and increasing efficiency. The Agriculture ETF is active, with an average daily trading volume of RMB 98.7399 million over the past week, making it suitable for investors to position themselves for agricultural rebound opportunities

Agriculture ETF ChinaAMC rose 1.28%, institutions: current valuation of the pig farming sector is low, with sufficient safety margin

The Tianhong CSI Agriculture Thematic ETF (512620) has accumulated a net inflow of over 500 million yuan in the past 30 trading days, with its current valuation being lower than 74% of the time in the past decade. This ETF closely tracks the CSI Agriculture Index, with a one-year increase of 24.98%. The Ministry of Agriculture has implemented production filing management to regulate the inventory of breeding sows, with policy dividends being intensively realized. Kaiyuan Securities points out that the supply of the pig farming industry remains loose, and investors need to pay attention to changes in production capacity, such as the inventory of breeding sows

The Tianhong CSI Agriculture Thematic ETF (512620) has accumulated a net inflow of over 500 million yuan in the past 30 trading days, with the current valuation being lower than 74% of the time in the past decade

The Tianhong CSI Agriculture Thematic ETF (512620) saw its underlying index rise by 2.02%, with a transaction volume of 1.9009 million yuan and a turnover rate of 0.18%. Over the last 30 trading days, the ETF has experienced a net inflow of 503 million yuan, with a total scale of 1.072 billion yuan, closely tracking the CSI Agriculture Index, which has increased by 19.51% over the past year. The current valuation is at the 25.15% percentile over the past decade, lower than 74.85% of the time, indicating a certain cost-performance ratio. International crude oil is fluctuating at high levels, fertilizer costs are rising, and imported inflationary pressures are emerging

The agricultural ETF Tianhong (512620) underlying index rose over 2%, with valuations below 70% of the time in the past decade

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159275

The Agriculture, Animal Husbandry and Fishery Products ETF rose over 1% in early trading, influenced by price increase expectations and strategic security, indicating that agriculture has layout value. The CSI All Share Agriculture, Animal Husbandry and Fishery Products Index fell by 0.71%, with constituent stocks showing mixed performance. Rising upstream resource prices and geopolitical disturbances will drive up agricultural product prices, while increasing production factor costs will push up the cost along the industry chain. The rebound in CPI provides a catalyst for corporate profit recovery. The Agriculture, Animal Husbandry and Fishery Products ETF closely tracks the CSI All Share Agriculture, Animal Husbandry and Fishery Products Index, providing investors with a convenient investment tool

Invesco Great Wall CSI All Share Agriculture, Animal Husbandry and Fishery Products ETF

Hwabao WP CSI All Share Agriculture, Animal Husbandry and Fishery Products ETF

Invesco Great Wall CSI All Share Agriculture, Animal Husbandry and Fishery Products ETF surged over 1% in early trading, with agricultural investments having layout value from the perspective of price increase expectations and strategic security

159827

The Ministry of Agriculture and Rural Affairs held a meeting, emphasizing the need to ensure the completion of the annual grain production target of 1.4 trillion jin, stabilize the grain planting area, and improve the yield per unit of grain and oil crops. The meeting also proposed to promote the revitalization of the seed industry, cultivate breakthrough varieties, and achieve technological self-reliance and strength. At the same time, it encouraged the development of rural characteristic industries, improving product processing, cold chain logistics, and brand marketing, and promoting employment and income growth for farmers

Yinhua CSI Agriculture Theme ETF

Ministry of Agriculture and Rural Affairs: Ensure the completion of the annual grain production target of approximately 1.4 trillion jin

The chain linkage characteristics of the pig farming industry during the destocking phase show that the agricultural ETF ChinaAMC (516810), through the CSI Agriculture Theme Index (000949), reflects the performance differences of various links in the industry during cyclical fluctuations. The single breeding link faces significant operational volatility during periods of supply-demand imbalance and low prices, with concentrated risk exposure leading to increased asset vulnerability. The feed link, on the other hand, demonstrates relative resilience, with leading enterprises leveraging cost control and R&D advantages, making their profitability more prominent during industry adjustments

Characteristics of Chain Linkage in the De-stocking Phase of the Swine Industry: A Vertical Asset Distribution Observation of Agricultural ETF ChinaAMC

In the cyclical fluctuations of the pig farming industry, the capacity reduction phase is accompanied by significant cash flow pressure and capacity adjustments. The agricultural ETF ChinaAMC uses a diversified index construction mechanism to reduce the impact of micro-level fluctuations and represent the trends of the industry cycle. During this phase, highly leveraged farming entities face the risk of cash flow depletion, and the industry's loss period has exceeded 5 months. Index-based tools dilute the unsystematic risks of individual companies by holding a basket of industry chain enterprises, thereby reducing the volatility of individual securities. The recovery of the pig farming industry cycle is usually accompanied by an increase in industry concentration

Asset observation logic during the phase of hog production capacity reduction: The diversification effect of agricultural ETF ChinaAMC and its Beta representation

中证农业(000949.SH)

Ministry of Agriculture and Rural Affairs: Strong Foundation for Grain and Oil Production in First Quarter

Pig prices are under pressure, poultry prices are warming up, the sector's bottom is stabilizing, and the agriculture ETF ChinaAMC rose by 1.05%

Agriculture ETF ChinaAMC rose by 1.40%, as pig prices face pressure and the capacity reduction process accelerates

Agriculture ETF ChinaAMC rose 1.28%, institutions: current valuation of the pig farming sector is low, with sufficient safety margin

The Tianhong CSI Agriculture Thematic ETF (512620) has accumulated a net inflow of over 500 million yuan in the past 30 trading days, with the current valuation being lower than 74% of the time in the past decade