证券代码：831087 证券简称：秋乐种业 公告编号：2025-058 河南秋乐种业科技股份有限公司董事长、监事会主席、 审计委员会、高级管理人员换届公告 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、换届的基本情况 （一）董事长换届基本情况 根据《公司法》及公司章程的有关规定，公司第五届董事会第一次会议于 2025 年 5 月 16 日审议并通过： 选举李敏女士为公司董事长，任职期限三年，自 2025 年 5 月 16 日起生效。该人员 持有公司股份 1,538,500 股，占公司股本的 0.9313%，不是失信联合惩戒对象。 （二）监事会主席换届基本情况 根据《公司法》及公司章程的有关规定，公司第五届监事会第一次会议于 2025 年 5 月 16 日审议通过： 选举赵博先生为公司监事会主席，任职期限三年，自 2025 年 5 月 16 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。 （三）审计委员会换届基本情况 根据《公司法》及公司章程的有关规定，公司第五届 ...

ન FFT 关于河南秋乐种业科技股份有限公司 2024 年年度股东会的 法律意见书 中银律师事务所 ZHONG YIN LAW FIRM 地址: 北京市朝阳区光华路正大中心北塔 11-12 层 网址: www.zhongyinlawyer.com 电话: 65876666 法律意见书 北京中银律师事务所 一、本次股东会的召集、召开程序 本所律师查阅了公司相关董事会决议及在指定信息披露媒体披露的相关公告, 并指派律师出席了本次股东会现场会议。经核查,本次股东会的召集、召开情况如 下: 2025年4月23日,公司第四届董事会第二十六次会议审议通过《关于提请召开 公司 2024年年度股东大会的议案》,决定于 2025年 5 月 16 日召开公司 2024 年年 度股东会。 法律意见书 关于河南秋乐种业科技股份有限公司 2024 年年度股东会的法律意见书 致:河南秋乐种业科技股份有限公司 北京中银律师事务所(以下称"本所")接受河南秋乐种业科技股份有限公司 (以下简称"公司")的委托,根据《中华人民共和国公司法》等法律、行政法规、 规范性文件及《河南秋乐种业科技股份有限公司章程》(以下简称"《公司章程》") 的有关规 ...

证券代码：831087 证券简称：秋乐种业 公告编号：2025-054 河南秋乐种业科技股份有限公司 2024 年年度股东会决议公告 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：郑州市花园路 116 号河南农科院 15 楼 1515 室 3.会议召开方式：现场投票和网络投票相结合 4.会议召集人：公司董事会 5.会议主持人：董事长李敏 6.召开情况合法合规的说明： 本次会议的召集与召开、议案的审议程序等，均符合《公司法》《公司章 程》及相关法律、法规、规范性文件的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 7 人，持有表决权的股份总数 91,757,936 股，占公司有表决权股份总数的 55.54%。 其中通过网络投票参与本次股东会的股东共 1 人，持有表决权的股份总数 20,000,000 股，占公司有表决权股份总数的 12.11%。 （三）公司董事、监事、高级管理人员 ...

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]

Group 1 - The seed industry sector showed weakness at the beginning of trading, with Qiu Le Seed Industry dropping over 8% [1] - Kang Nong Seed Industry fell more than 5%, indicating a broader decline in the sector [1] - Other companies such as Shen Nong Seed Industry, Quan Yin Gao Ke, and Feng Le Seed Industry also experienced declines [1]

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].