A stunning reversal, Huabao Fund Agriculture, Animal Husbandry, and Fishery ETF (159275) surges straight up, rising 1.48%! The animal health and planting chain explode, Shenlian Biological hits the 20% limit-up.

The agriculture, animal husbandry, and fishery sector experienced a stunning turnaround today (April 7th)! The country’s first agriculture, animal husbandry, and fishery ETF (159275) dipped after opening, with intraday prices falling over 1%, but then quickly surged back into positive territory. As of the latest report, the intraday price has risen by 1.48%.

In terms of constituent stocks, sectors such as animal health, livestock farming, and planting saw some of the largest gains. As of the latest report, Shenlian Bio (20CM) hit the daily limit, Zhongmu Co. also hit the limit, COFCO Technology soared over 8%, and stocks like Juxing Agriculture and Animal Husbandry, YiduoLi, Jinjian Rice Industry, and Hainan Rubber also posted strong gains.

Guojin Securities stated that in the short term, there is still room for pig prices to decline. Recently, industry capacity has decreased under policy regulation and supply pressure. Meanwhile, industry prices have fallen below cost, and it is expected that overall losses will lead to capacity reduction. Currently, the sector’s prosperity bottomed out and stabilized. In the medium to long term, the pig farming industry still maintains relatively strong profit margins, and after African swine fever, many companies expanded capacity at low quality, resulting in significant cost variance within the industry. Leading companies are generating substantial excess profits, and it is recommended to focus on high-quality, low-cost enterprises.

From a valuation perspective, the current valuation level of the agriculture, animal husbandry, and fishery sector remains relatively low, making it a good time for sector allocation. Data shows that as of the previous trading day (April 3rd), the first agriculture, animal husbandry, and fishery ETF (159275) tracked the CSI All Share Agriculture, Animal Husbandry, and Fishery Index with a price-to-book ratio of 2.37, which is at the 10.24th percentile over the past five years, highlighting its cost-effectiveness for medium- to long-term investment.

Looking ahead, Dongfang Securities expressed optimism about the pig farming sector. After the seasonal bottom price confirmation, pessimistic expectations are expected to gradually reverse. They are optimistic about pig prices through 2026, with companies that have cost advantages likely to continue improving performance. They also favor the post-cycle sector, as structural growth trends in the industry continue. As pig prices recover, profits along the breeding industry chain are expected to gradually pass downstream, driving the animal health sector higher. Additionally, in the planting chain, the current upward trend in grain prices appears to be established, with favorable fundamentals for seed and planting industries, highlighting investment opportunities in large-scale planting.

For a comprehensive layout of the entire agriculture, animal husbandry, and fishery industry chain, focus on the country’s first agriculture, animal husbandry, and fishery ETF (159275). According to the China Securities Index Company, this ETF passively tracks the CSI All Share Agriculture, Animal Husbandry, and Fishery Index, with key holdings including leading pig breeding companies like Muyuan and Wen’s Shares, as well as major segments such as feed, grain planting, and animal health. Off-market investors can also gain exposure through the Agriculture, Animal Husbandry, and Fishery ETF connection funds (Class A 013471 / Class C 013472).

Data source: Wind, as of the end of March 2026. Industry classification based on Shenwan’s third-level industry categories.

Images and data source: Shanghai and Shenzhen Stock Exchanges, etc., as of April 7, 2026.

Note: The first agriculture, animal husbandry, and fishery ETF (159275) refers to the first ETF tracking the CSI All Share Agriculture, Animal Husbandry, and Fishery Index.

Note: When investors subscribe or redeem fund shares, the authorized broker may charge a commission not exceeding 0.5%, including related fees from stock exchanges and registrars. The agriculture, animal husbandry, and fishery ETF does not charge sales service fees.

The subscription fee for the Agriculture, Animal Husbandry, and Fishery ETF connection A-shares is: under 1 million yuan, 1%; between 1 million (inclusive) and 2 million yuan, 0.6%; above 2 million yuan, a flat 1,000 yuan per transaction. Redemption fees are: within 7 days, 1.5%; between 7 days (inclusive) and 30 days, 0.5%; beyond 30 days, 0%.

The redemption fee for the C-shares is: within 7 days, 1.5%; beyond 7 days, 0%. The sales service fee rate is 0.3%.

Risk reminder: The agriculture, animal husbandry, and fishery ETF passively tracks the CSI All Share Agriculture, Animal Husbandry, and Fishery Index, which was base date December 31, 2004, and published on December 12, 2016. Component stocks are adjusted periodically according to the index rules; backtested historical performance does not predict future performance. The individual stocks mentioned are only listed for objective reference and do not constitute recommendations. They do not reflect the views of the fund manager or investment direction. Any information in this article (including but not limited to stocks, comments, forecasts, charts, indicators, theories, or any form of expression) is for reference only. Investors are responsible for their own investment decisions. Furthermore, any opinions, analyses, or forecasts in this article do not constitute investment advice. Huabao Fund is not responsible for any direct or indirect losses caused by using this content. Investors should carefully read the fund’s legal documents such as the “Fund Contract,” “Prospectus,” and “Fund Product Summary” to understand the fund’s risk-return characteristics and choose products suitable for their risk tolerance. Past performance does not predict future results, and the performance of other funds managed by the fund manager does not guarantee future performance. According to the fund manager’s assessment, the Huabao risk level for the agriculture, animal husbandry, and fishery ETF is R3—medium risk, suitable for balanced (C3) and above investors. Suitability opinions are subject to the sales institution. Sales institutions (including direct sales by the fund manager and other sales channels) will evaluate the risk according to relevant laws and regulations. Investors should pay attention to the suitability opinions issued by the fund manager. Different sales channels may have differing opinions on suitability, and the risk level assessments provided by sales channels should not be lower than those by the fund manager. The fund contract may specify different risk-return characteristics and risk levels due to differing considerations. Investors should understand the fund’s risk-return profile, consider their own investment goals, time horizon, experience, and risk capacity, and choose products carefully, bearing the risks themselves. The China Securities Regulatory Commission’s registration of the fund does not imply any judgment or guarantee of its investment value, market prospects, or returns. Investment in funds should be cautious.