证券代码：831087 证券简称：秋乐种业 公告编号：2025-067 河南秋乐种业科技股份有限公司 关于取消监事会并修订《公司章程》公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、修订内容 根据《公司法》及《上市公司章程指引》《北京证券交易所股票上市规则》 等相关规定，公司拟修订《公司章程》的部分条款，修订对照如下： | 原规定 | | 修订后 | | --- | --- | --- | | 第一条 | 为维护河南秋乐种业科技股 | 第一条 为维护河南秋乐种业科技股 | | 份有限公司（以下简称"公司"、"本公 | | 份有限公司（以下简称"公司"）和公 | | 司"）及其股东、债权人的合法权益，规 | | 司股东、职工、债权人的合法权益，规 | | 范公司的组织和行为，根据《中华人民 | | 范公司的组织和行为，根据《中华人民 | | 共和国公司法》（以下简称"《公司法》"）、 | | 共和国公司法》（以下简称《公司法》）、 | | 《中华人民共和国证券法》（以下简称 | | 《中华人民共 ...

证券代码：831087 证券简称：秋乐种业 公告编号：2025-095 河南秋乐种业科技股份有限公司证券事务代表任命公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律责任。 一、证券事务代表任命的基本情况 河南秋乐种业科技股份有限公司（以下简称"公司"）于 2025 年 7 月 23 日召开了 第五届董事会第二次会议，审议通过了《关于聘任公司证券事务代表的议案》。 聘任吴梦娇女士为公司证券事务代表，任职期限第五届董事会任期届满之日止，自 2025 年 7 月 23 日起生效。该人员持有公司股份 0 股，占公司股本的 0%，不是失信联 合惩戒对象。 （上述人员简历详见附件） 吴梦娇女士具备履行职责所必须的专业知识、工作经验及相关素质，能够胜任相关 岗位职责的要求，其任职资格符合《中华人民共和国公司法》《北京证券交易所股票上 市规则》等相关法律法规的规定。 （二）人员变动对公司的影响 本次聘任证券事务代表对公司生产、经营无重大影响。 三、备查文件 《河南秋乐种业科技股份有限公司第五届董事会第二次会议决议》 二、合 ...

Core Insights - The event "Autumn Le Seed Industry 2025-2026 Market Launch for Yu Bei Region" was successfully held in Puyang County, attracting over 300 channel merchants and large-scale growers despite adverse weather conditions [1] - The corn variety "Yuhuangjin AY868" demonstrated excellent characteristics under challenging conditions, maintaining high yield and quality, which has garnered positive feedback from participants [3][5] Group 1: Product Performance - The field observation session highlighted the superior performance of Yuhuangjin AY868, which showed no empty grains and uniform ear size, even with a 40% reduction in rainfall compared to previous years [3] - The variety's advanced breeding technology provides traits such as drought resistance and adaptability, ensuring high yields despite unfavorable weather [5] Group 2: Market Response - The event saw a strong market response, with over 7,000 bags of Yuhuangjin AY868 ordered on-site, indicating robust confidence among farmers and agents [6] - Testimonials from growers emphasized the variety's excellent growth and resistance to pests, reinforcing its reputation as a reliable choice for high and stable yields [6] Group 3: Future Development - The regional manager of Autumn Le Seed Industry expressed commitment to providing comprehensive technical support and after-sales service to enhance the corn industry in Yu Bei [8] - The successful launch and field demonstration have significantly increased the market awareness of Yuhuangjin AY868, positioning it as a strong support for corn cultivation in the region [8]

Investment Rating - The report maintains an investment rating of "Outperform" for the agricultural, forestry, animal husbandry, and fishery industry [1][9]. Core Insights - The agricultural, forestry, animal husbandry, and fishery industry is currently experiencing weak market demand and low prices for livestock and poultry, particularly in the pig farming sector, which has seen a significant price drop [9][12]. - The report highlights that the industry is currently undervalued, with price-to-earnings (P/E) and price-to-book (P/B) ratios below historical averages, suggesting potential for valuation recovery [9][12]. Summary by Sections Market Review - In June 2025, the agricultural, forestry, animal husbandry, and fishery index rose by 1.13%, underperforming the CSI 300 index, which increased by 2.50%, resulting in a relative underperformance of 1.37 percentage points [9][12]. - The planting sector showed the highest gains, while the animal health processing sector experienced the largest declines [12]. Livestock Farming Data Tracking - **Pig Farming**: The average trading price for pigs in June 2025 was 14.28 yuan/kg, down 2.16% month-on-month and 21.81% year-on-year. The market shifted to a surplus situation, leading to price declines [9][17]. - **Broiler Chickens**: The average price for broiler chicks in June 2025 was 2.15 yuan/chick, reflecting a slight decrease. The cautious replenishment of chicks due to declining prices further pressured the market [9][27]. Pet Food Sector - In May 2025, pet food exports totaled 28,900 tons, a year-on-year decrease of 5.52%. The cumulative export value for the first five months was $581 million, up 4.59% year-on-year [9][34]. Major Agricultural Product Price Tracking - The report includes tracking of key agricultural product prices, indicating fluctuations in corn, wheat, and soybean meal prices during June 2025 [9][39]. Industry Dynamics and Company News - The report outlines significant events in the industry, including a decrease in grain imports and ongoing developments in the seed industry aimed at enhancing agricultural productivity [9][46]. - Key announcements from listed companies in the sector include various asset restructuring and financing activities [9][48].

Summary of the Conference Call Company and Industry Overview - The conference call involved Qiu Le Seed Industry, a company operating in the seed industry, which is a strategic and foundational sector for national food security and agricultural development [1][3][4]. Key Financial Performance - In 2024, Qiu Le Seed Industry achieved a revenue of 391 million yuan and a net profit of 50.44 million yuan [1]. Strategic Planning and Innovation - The company plans to increase investment in breeding corn, wheat, and peanuts, focusing on high-yield and resilient varieties to meet diverse market demands [2]. - Qiu Le Seed Industry aims to explore advanced biotechnologies such as transgenic and gene editing to enhance its product offerings [2][10]. Market Expansion and Sales Strategy - The company intends to deepen its presence in markets like Huang'an and expand into Northeast, Northwest, and Southwest regions, optimizing its development layout and enhancing brand recognition [2]. - Qiu Le Seed Industry is exploring order-based agriculture to improve product coverage and sales channels [2]. Mergers and Acquisitions - The company is actively seeking mergers with other seed companies that share similar values and have strong R&D capabilities to enhance its competitive edge [2]. Industry Context and Challenges - The seed industry is currently undergoing a rapid development phase, with many companies restructuring or repositioning themselves due to market changes [6]. - Historical adjustment cycles in the industry have been noted, with significant changes occurring approximately every ten years [6]. Product Development and Collaborations - Qiu Le Seed Industry has introduced several new corn varieties, including Qiu Le 368, which is among the top ten promoted varieties in the country [8]. - Collaborations with various research institutions and universities are ongoing to develop new products, including transgenic varieties that are nearing market introduction [10]. Commitment to National Strategy - The company emphasizes its alignment with national agricultural strategies, aiming to ensure food security and promote the revitalization of the seed industry [3][5]. Conclusion and Investor Engagement - The conference concluded with an invitation for investor questions, indicating a commitment to transparency and engagement with stakeholders [11].

证券代码：831087 证券简称：秋乐种业 公告编号：2025-063 河南秋乐种业科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 一、 授权委托理财情况 （一）授权现金管理的基本情况 为提高闲置募集资金使用效率，公司第四届董事会第二十六次会议、第四 届监事会第二十二次会议，于 2025 年 4 月 23 日审议通过了《关于使用部分闲 置募集资金进行现金管理的议案》拟使用额度不超过人民币 12,000 万元（含 本数）闲置募集资金进行现金管理，在上述额度范围内资金可以循环滚动使用。 具体内容详见公司在北京证券交易所信息披露平台（http://www.bse.cn/）披 露的《河南秋乐种业科技股份有限公司关于公司使用部分闲置募集资金进行现 金管理的公告》（公告编号：2025-032）。 （二）本次现金管理是否达到披露标准 根据《北京证券交易所股票上市规则》的相关规定，交易的成交金额占上 市公司最近一期经审计净资产的 10%以上，且超过 1, ...

Summary of Key Points Core Viewpoint - As of July 7, the total margin financing and securities lending balance on the Beijing Stock Exchange reached 5.911 billion yuan, indicating an increase of 46.039 million yuan from the previous trading day [1]. Financing and Margin Data - The margin financing balance was 5.910 billion yuan, up by 46.044 million yuan, while the securities lending balance was 886,600 yuan, down by 5,200 yuan [1]. - The stocks with the highest margin financing balances included Jinbo Biological, Airon Software, and Better Energy, with balances of 365 million yuan, 173 million yuan, and 157 million yuan respectively [1]. - The average ratio of margin financing balance to circulating market value for these stocks was 1.16%, with Tian Gang Co., Shengye Electric, and Juneng Co. leading at 5.56%, 4.08%, and 3.48% respectively [1]. Sector Performance - In terms of industry statistics, the sectors with the most stocks receiving net margin purchases over 1 million yuan were machinery equipment, computers, and power equipment, with 8, 5, and 4 stocks respectively [2]. - On July 7, stocks with net margin purchases over 1 million yuan had an average increase of 0.56%, with the top gainers being Fangda New Materials, Caneng Power, and Pano Technology, which rose by 9.92%, 8.70%, and 7.80% respectively [2]. - Conversely, 19 stocks experienced declines, with the largest drops seen in Qifeng Precision, Sanyuan Gene, and Xinghao Pharmaceutical [2]. Trading Activity - The weighted average turnover rate for stocks with net margin purchases over 1 million yuan was 6.52%, with the highest turnover rates recorded for Caneng Power, Honghai Technology, and Yinen Power at 33.99%, 26.03%, and 23.17% respectively [2]. - The average daily turnover rate for stocks on the Beijing Stock Exchange was 3.58% [2]. Notable Stocks - The stocks with the largest increases in margin financing on July 7 included Wuxin Tunnel Equipment, Kangnong Agriculture, and Qiule Agriculture, with increases of 15.048 million yuan, 8.507 million yuan, and 7.678 million yuan respectively [2][3]. - Other notable stocks with significant margin financing increases included Jikang Instruments, Xinghao Pharmaceutical, and Guohang Ocean, with increases of 6.231 million yuan, 4.164 million yuan, and 4.131 million yuan respectively [2][3].

证券代码：831087 证券简称：秋乐种业 公告编号：2025-062 河南秋乐种业科技股份有限公司 持股 5%以上股东拟减持股份的预披露公告（再次披露） 本公司及董事会全体成员及相关股东保证公告内容不存在虚假记载、误导 性陈述或重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 一、 减持主体的基本情况 | 股东名称 | 股东身份 | 持股数量 | 持股比例 | 当前持股股份来 | | --- | --- | --- | --- | --- | | | | （股） | （%） | 源 | | 河南农投产业投 | 持股 5%以 | 10,273,836 | 6.2190% | 上市前取得及后续 | | 资有限公司 | 上股东 | | | 增持 | 注：河南生物育种中心有限公司（持有秋乐种业 850.00 万股，占比 5.1453%)为河南农投产业投资 有限公司的一致行动人。 二、 本次减持计划的主要内容 | | | 计划减 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 计划减 | 持数量 | | | 减持 | 拟减持 ...

Group 1: Pet Economy - The pet economy continues to show high growth, with over 400 pet brands achieving sales growth of over 100% year-on-year during the "618" shopping festival [1] - The number of pet transaction users increased by 32% year-on-year, while new pet owners grew by 39% [1] - Top brands in various pet food categories include Royal Canin and Maffidi for cat and dog dry food, and Maffidi and Zeal for cat and dog snacks/wet food [1] Group 2: Pig Prices - The average price of external three yuan pigs rose to 14.22 yuan/kg, a week-on-week increase of 1.43% [2] - The average price of piglets decreased to 31.85 yuan/kg, down 3.16% week-on-week [2] - The average weight of market pigs decreased slightly to 128.28 kg, while the inventory rate of frozen products increased to 14.04% [2] Group 3: Grain Prices - Prices for corn, soybean meal, and wheat have increased, with corn averaging 2417.06 yuan/ton (up 0.47%), soybean meal at 3015.14 yuan/ton (up 1.59%), and wheat at 2441.67 yuan/ton (up 0.46%) [3] - Weather conditions and trade dynamics are influencing corn prices, while soybean meal prices are affected by supply concerns from the U.S. and geopolitical tensions [3] Group 4: Investment Recommendations - The pig farming sector is expected to enter a long-term profit growth phase after inventory reduction, with recommended companies including Juxing Agriculture, Shennong Group, and Muyuan Foods [4] - The post-cycle sector is seeing a recovery in feed and veterinary demand, with companies like Haida Group and Ruipu Biotech recommended [4] - The planting chain is showing positive fundamentals with rising grain prices, suggesting investment opportunities in companies like Suqian Agricultural Development and Beidahuang [4] - The pet food industry is in a growth phase, with increasing recognition of domestic brands and recommended companies including Guibao Pet and Zhongchong Co. [4]

Investment Strategy Overview - The report maintains an "outperform" rating for the agriculture, forestry, animal husbandry, and fishery industry, indicating a positive outlook for the sector [3][5][6] Market Performance - From the beginning of 2025 to June 16, the agriculture, forestry, animal husbandry, and fishery index achieved an absolute return of +12.81%, outperforming the CSI 300 index by 14.5 percentage points [10][13] - The pet food sector has shown the highest growth, while the aquatic processing sector has also performed well [13][14] Swine Breeding Sector - The swine breeding industry is expected to enter a phase of simultaneous supply and demand growth in the second half of 2025, driven by a sufficient supply of piglets and an increase in domestic slaughtering due to reduced imports from the U.S. [15][30] - The number of breeding sows and total swine stock remains high, with a notable increase in piglet supply observed from January to April 2025 [18][30] - Major companies like Muyuan Foods have reported significant increases in piglet sales, indicating strong market dynamics [17][30] Animal Health Sector - The animal health market is experiencing steady growth, with a market size increase from 472.29 billion yuan in 2016 to 696.51 billion yuan in 2023, reflecting a compound annual growth rate of 5.71% [35][36] - The introduction of new products and the expansion of demand are driving the growth of the animal health industry, particularly with the anticipated market expansion following the launch of African swine fever vaccines [41][48] Seed Industry - The seed industry is undergoing significant transformation, with a focus on the commercialization of biotechnology breeding, which is expected to enhance market concentration and profitability for related companies [4][16][19] - The regulatory environment is becoming clearer, and companies that have passed initial reviews are now obtaining operational licenses, positioning them to benefit from the industry's growth [4][19] Pet Food Sector - China's pet food market is projected to continue growing, driven by demographic changes and rising living standards, with the market size expected to expand significantly [5][23] - The domestic pet food industry is seeing a shift towards increased online sales and domestic product substitution, indicating a robust growth trajectory [5][23][26] Investment Recommendations - The report suggests focusing on leading companies in the sector, including Muyuan Foods, Pulaike, Qiule Seed Industry, Guai Bao Pet, Zhongchong Co., and Petty Co., as they are expected to benefit from favorable market conditions and valuation recovery [5][32]