智通财经APP获悉，德康农牧(02419)午后涨近5%，截至发稿，涨3.58%，报34.7港元，成交额1679.58万港元。
消息面上，德康农牧公布年度业绩，全年收入224.63亿人民币，同比增加39%；纯利41.02亿元，相较上年度亏损17.75亿元，实现扭亏转盈。期内毛利48.65亿元，上升39.7倍；毛利率由2023年的0.7%大增至21.7%。
中金公司指出，公司兑现轻资产、低成本、高质量扩张，24年ROE高达38.4%。根据公司公告，“二号农场”母猪代养模式强化养户粘性，轻资产赋能高质量成长；公司强化育种及营养技术优势，应用精准营养与饲料技术，重视健康管理系统建设，筑牢低成本优势；此外我们判断2025年猪价中枢回落，公司有望凭借低成本获取头均超额利润；轻资产模式叠加盈利实力，我们测算24年公司ROE38.4%，向前看好公司ROE领跑同业。
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