证券代码：831087 证券简称：秋乐种业 公告编号：2025-056 河南秋乐种业科技股份有限公司 第五届董事会第一次会议决议公告 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、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 5 月 16 日 2.会议召开地点：公司三楼会议室 二、议案审议情况 （一）审议通过《关于选举审计委员会委员的议案》 1.议案内容： 根据《公司法》《公司章程》《董事会议事规则》以及《董事会审计委员会 工作规程》等有关规定，为保证董事会审计委员会的正常运作，公司董事会审 计委员会进行换届选举。选举常茂松先生、张庆合先生、蔡菲菲女士为公司第 五届董事会审计委员会委员，任期自公司董事会审议通过之日起至第五届董事 会任期届满之日止。 3.会议召开方式：现场+通讯会议 4.发出董事会会议通知的时间和方式：2025 年 5 月 13 日以电话、书面相结 合方式发出 5.会议主持人：董事李敏 6.会议列席人员：公司监事、高级管理人员 7.召开情况合法、合规、合章 ...

Group 1: Financial Performance - In Q1 2025, the company's revenue decreased by 45.25%, and the net profit turned to a loss of -4.4845 million yuan [6] - The net cash flow from operating activities in 2024 was -13.7718 million yuan, a 138.20% decrease compared to 36.0555 million yuan in 2023 [8] - The basic earnings per share in 2024 decreased by 35.42%, and the weighted average return on net assets dropped by 6.20% [13] Group 2: Inventory and Cost Management - As of the end of 2024, the company's inventory was 198 million yuan, a decrease of 1.42% from the previous year, with an inventory turnover rate of 0.82, down from 1.03 [5] - The company implemented measures to optimize inventory management and reduce inventory depreciation risks, including production based on sales and optimizing product structure [5] Group 3: Strategic Initiatives - The company plans to expand market share by optimizing the product structure and increasing marketing efforts for corn, wheat, and peanut seeds [7] - In 2024, the company established an official online store and collaborated with e-commerce platforms to enhance sales channels [7] Group 4: Research and Development - In 2024, the company increased R&D investment by 18%, focusing on 16 projects related to crop breeding and technology [12] - The company is advancing in biotechnology, with two genetically modified varieties expected to generate revenue in 2025 [13] Group 5: Industry Position and Future Outlook - The company is recognized as a key leading enterprise in agricultural industrialization and is positioned to leverage mergers and acquisitions to enhance market presence [10] - The company aims to build a comprehensive system around corn, wheat, and peanuts, focusing on R&D, production, and marketing [9]

种业板块盘初走弱，秋乐种业跌超8%，康农种业跌超5%，神农种业（300189）、荃银高科 （300087）、丰乐种业（000713）纷纷走低。 ...

证券代码：831087 证券简称：秋乐种业 公告编号：2025-051 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 5 月 15 日（星期四）15:00-17:00。 （二）会议召开地点 本次业绩说明会将采用网络远程的方式举行，投资者可登陆全景网"投资 者关系互动平台"（http://ir.p5w.net）参与本次年度报告业绩说明会。 三、 参加人员 董事长、董事会秘书兼财务负责人：李敏女士 总经理：张雪君先生 保荐代表人：张燚先生 河南秋乐种业科技股份有限公司 2024 年年度报告业绩说明会预告公告 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、 说明会类型 河南秋乐种业科技股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日 在北京证券交易所信息披露平台（www.bse.cn）披露了《2024 年年度报告》（公 告编号 2025-048）及《2024 年年度报告摘要》（公告编号：2025-043），为方便 广大投资者更深入了解公司 2024 年年度经营业绩的具 ...

证券代码：831087 证券简称：秋乐种业 公告编号：2025-052 河南秋乐种业科技股份有限公司 关于使用闲置自有资金购买理财产品进展的公告 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）审议情况 河南秋乐种业科技股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开第四届董事会第二十六次会议审议通过了《关于使用闲置自有资金购买 理财产品的议案》，在确保日常经营资金需求和资金安全的前提下，公司拟使 用闲置自有资金不超过人民币 2 亿元进行委托理财。相关内容详见公司在北京 证券交易所（www.bse.cn）披露的《河南秋乐种业科技股份有限公司关于使用 闲置自有资金购买理财产品的公告》（公告编号：2025-028）。 （二）披露标准 根据《北京证券交易所股票上市规则》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 1,000.00 万元的，应当予以披 露；上市公司连续 12 个月滚动发生理财的，以该期间最高余额为成交额，适 ...

Investment Rating - The report maintains an "Accumulate" investment rating for the company [1][8] Core Insights - The company's performance is under short-term pressure, with total revenue for 2024 at 391 million yuan, down 26.77% year-on-year, and a net profit of 50 million yuan, down 36.49% year-on-year [7] - The sales of corn seeds are under pressure, with revenue from corn seeds at 196 million yuan, down 42.05% year-on-year, while wheat seeds saw a slight increase of 5.52% [7] - The company continues to strengthen its R&D capabilities, with a 17.98% increase in R&D expenses in 2024, which is crucial for maintaining its competitive edge in the industry [7] - The company’s gross margin for 2024 was 27.86%, down 4.23 percentage points year-on-year, and the net profit margin was 12.89%, down 1.98 percentage points year-on-year [7] - The commercialization of biotechnology breeding is progressing steadily, with significant policy support for the seed industry, indicating potential for future growth [8] Summary by Sections Financial Performance - In Q1 2025, the company reported revenue of 19 million yuan, down 45.25% year-on-year, and a net profit of -4.48 million yuan, indicating a shift from profit to loss [7] - The company’s total revenue for 2024 was 391 million yuan, with a projected revenue of 370 million yuan for 2025, reflecting a continued decline [9] Product Performance - Revenue from corn seeds decreased significantly, while wheat seed revenue increased slightly, indicating a mixed performance across product lines [7] - The company’s core products, particularly its corn varieties, have maintained a strong competitive position in the market [7] R&D and Competitive Position - The company has been increasing its investment in R&D, which is essential for sustaining its competitive advantage in the seed industry [7] - Several of the company’s corn and peanut varieties have been recognized as leading products in various regions, showcasing its strong market position [7] Market Outlook - The report anticipates that the company will achieve net profits of 55 million yuan in 2025, 66 million yuan in 2026, and 77 million yuan in 2027, indicating a recovery trend [8][9] - The company is expected to remain within a reasonable valuation range compared to industry peers, with projected P/E ratios of 58.86 for 2025, 48.92 for 2026, and 42.21 for 2027 [8][9]

Investment Rating - The report maintains an "Accumulate" investment rating for the company, indicating a projected relative increase of 5% to 15% compared to the CSI 300 index over the next six months [8][16]. Core Views - The company's performance is under short-term pressure, with total revenue for 2024 at 391 million yuan, down 26.77% year-on-year, and a net profit of 50 million yuan, down 36.49% year-on-year [7]. - The sales of corn seeds are under pressure, with revenue from corn seeds at 196 million yuan, a decrease of 42.05% year-on-year, while wheat seed revenue increased by 5.52% [7]. - The company continues to enhance its R&D capabilities, with a 17.98% year-on-year increase in R&D expenses, which is crucial for maintaining its competitive edge in the industry [7]. - The company’s gross margin for 2024 is reported at 27.86%, down 4.23 percentage points year-on-year, while the net margin is at 12.89%, down 1.98 percentage points year-on-year [7]. - The commercialization of biotechnology breeding is progressing steadily, with significant policy support expected to enhance profitability and market share for industry players [8]. Summary by Sections Financial Performance - In Q1 2025, the company reported a revenue of 19 million yuan, down 45.25% year-on-year, and a net profit of -4.48 million yuan, indicating a shift from profit to loss [7]. - The company’s total revenue for 2024 was 391 million yuan, with a significant decline in net profit and cash flow [7][9]. Product Performance - Corn seed sales have been particularly affected, with a revenue drop of 42.05% year-on-year, while wheat seed sales showed a modest increase [7]. - The company’s core products, including various corn and wheat varieties, continue to receive recognition and maintain competitive advantages in the market [7]. R&D and Competitive Position - The company has increased its R&D investment, which is essential for sustaining its market position and developing new products [7]. - Several of the company’s seed varieties have been recognized as leading products in their respective categories, indicating strong market presence [7]. Market Outlook - The report anticipates a gradual recovery in the industry, with projected net profits of 55 million yuan in 2025, 66 million yuan in 2026, and 77 million yuan in 2027 [8][9]. - The company is expected to remain within a reasonable valuation range compared to industry peers, with projected EPS of 0.33 yuan in 2025 and a PE ratio of 58.86 [8][9].

证券代码：831087 证券简称：秋乐种业 公告编号：2025-050 河南秋乐种业科技股份有限公司 关于使用闲置自有资金购买理财产品进展的公告 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）审议情况 河南秋乐种业科技股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开第四届董事会第二十六次会议审议通过了《关于使用闲置自有资金购买 理财产品的议案》，在确保日常经营资金需求和资金安全的前提下，公司拟使 用闲置自有资金不超过人民币 2 亿元进行委托理财。相关内容详见公司在北京 证券交易所（www.bse.cn）披露的《河南秋乐种业科技股份有限公司关于使用 闲置自有资金购买理财产品的公告》（公告编号：2025-028）。 （二）披露标准 根据《北京证券交易所股票上市规则》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 1,000.00 万元的，应当予以披 露；上市公司连续 12 个月滚动发生理财的，以该期间最高余额为成交额，适 ...

Market Overview - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio, expected to provide approximately 1 trillion yuan in long-term liquidity to the market [8] - The central bank also lowered the policy interest rate by 0.1 percentage points, with the 7-day reverse repurchase rate decreasing from 1.5% to 1.4% [8] - Major A-share indices opened higher but closed mixed, with the Shanghai Composite Index up 0.8% at 3342 points, Shenzhen Component Index up 0.22%, and ChiNext Index up 0.51% [1][2] Sector Performance Strong Performers - The aerospace and military sector saw significant gains, with stocks like Tongyi Aerospace rising over 25% and Chengxi Aviation hitting the daily limit [4][5] - Agricultural stocks also performed well, with Qiu Le Seed Industry up over 17% and Kangnong Seed Industry up over 10% [6][7] - The brain-computer interface sector showed strength, with stocks like Dineike and Qisheng Technology reaching the daily limit [9][10] Weak Performers - The gaming sector experienced declines, with stocks such as Deyun Network and Xunyou Technology dropping over 3% [11][12] - Semiconductor stocks were weak, with Aojie Technology falling over 6% and Longxun Technology down over 4% [13] Trading Volume - The total trading volume for the day reached 1.51 trillion yuan, an increase of 140.6 billion yuan compared to the previous trading day, with nearly 3300 stocks rising across the market [1]

A股农业板块午后异动拉升，秋乐种业、金丹科技均涨超6%，绿亨科技涨超5.5%，*ST万方，康农种业 均涨出4%，神农种业、华康股份等跟涨。 ...