Group 1 - The horse racing concept index increased by 1.32%, ranking 10th among concept sectors, with four stocks rising, including Zhujiang Piano which hit the daily limit, and Zhongmu Co., *ST Zhengping, and Luoniushan showing gains of 2.86%, 0.58%, and 0.50% respectively [1] - The main funds in the horse racing concept sector experienced a net outflow of 0.19 billion yuan, with Zhujiang Piano leading the net inflow at 21.32 million yuan, followed by Luoniushan, Zhongmu Co., and *ST Zhengping with net inflows of 7.99 million yuan, 4.25 million yuan, and 3.48 million yuan respectively [2][3] - The net inflow ratios for Zhujiang Piano, Luoniushan, and *ST Zhengping were 11.33%, 4.19%, and 3.37% respectively, indicating strong interest from main funds [3] Group 2 - The horse racing concept sector had a total of four stocks that rose, while Zhongti Industry and Xinhua Du were among the top decliners, falling by 2.52% and 2.17% respectively [1][2] - The trading volume and turnover rates for the leading stocks in the horse racing concept were notable, with Zhujiang Piano showing a turnover rate of 2.27% and a significant net inflow of funds [3]

Group 1 - The SW Agricultural, Forestry, Animal Husbandry and Fishery industry rose by 5.02% from January to May 2025, outperforming the CSI 300 index by approximately 7.43 percentage points [13][14] - Most sub-sectors recorded positive returns, with only planting and fishery sectors showing negative returns of -1.58% and -0.07% respectively [14] - Approximately 70% of stocks in the industry achieved positive returns, with three stocks increasing over 100%, the highest being Yizhi Magic Yam at 209.66% [15] Group 2 - The overall PB of the SW Agricultural, Forestry, Animal Husbandry and Fishery industry increased from a low of 2.31 times at the beginning of the year to 2.68 times, with a current PB of approximately 2.66 times as of June 13, 2025, reflecting a 15% recovery from the low [20] - The pig breeding sector is expected to see a gradual recovery in supply, with the number of breeding sows reaching 40.38 million heads by the end of April 2025, slightly above the normal holding capacity [21][23] - The average price of pigs as of June 13, 2025, was 14.04 yuan/kg, down 10.8% from the beginning of the year and 26.1% year-on-year, with expectations for a price rebound in Q4 2025 [27] Group 3 - The total feed production in China is expected to rebound in 2025 after a decline in 2024, with a total production of 49.2 million tons in the first two months of 2025, a year-on-year increase of 9.6% [54] - The average price of corn in China rose from approximately 2,122 yuan/ton at the beginning of the year to over 2,400 yuan/ton, reflecting a 13.3% increase [56] - The pet health market is anticipated to grow rapidly, with significant expansion potential in the domestic market for pet food and supplies, benefiting quality domestic leaders [5][6]

Core Points - The company held its 8th temporary meeting of the 9th Board of Directors on June 13, 2025, where several key resolutions were passed [1][2] Group 1: Project Approvals - The Board approved the transfer of multi-dimensional production capacity from Beijing Hualuo Feed Additive Plant, with an investment of 59.6241 million yuan to establish a feed additive plant in Linyi, Shandong Province [1] - The resolution received unanimous support with 7 votes in favor and no opposition or abstentions [1] Group 2: Capital Increase - The Board approved an increase in registered capital for its wholly-owned subsidiary, Zhongmu Hualuo Animal Husbandry Technology (Shandong) Co., Ltd., by 50 million yuan, raising its registered capital accordingly [2] - This decision was also unanimously supported with 7 votes in favor and no opposition or abstentions [2]

中牧实业股份有限公司 第九届董事会 2025 年第八次临时会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 中牧实业股份有限公司（以下简称"公司"或"中牧股份"）第九届董事会 2025 年第八次临时会议通知于 2025 年 6 月 10 日通过公司电子办公系统、电子邮件等形 式发出，会议于 2025 年 6 月 13 日以通讯方式召开，会议应到董事 7 名，实到董事 7 名。会议由董事长吴冬荀先生主持，符合《公司法》《公司章程》的规定。 经与会董事审议，会议表决通过如下议案： 一、关于北京华罗饲料添加剂厂多维产能转移项目的议案 股票代码：600195 股票简称：中牧股份 编号：临 2025-018 表决结果：7 票同意，0 票反对，0 票弃权。 根据公司业务发展和市场需求，同意公司以自有资金 5,962.41 万元在山东省临 沂规划建设添加剂预混合饲料、混合型饲料添加剂厂区，实施公司全资子公司中牧 （北京）动物营养科技有限公司的分支机构北京华罗饲料添加剂厂多维产能转移项 目。董事会授权公司经营班子在此额度内实施项目 ...

股票代码：600195 股票简称：中牧股份 编号：临 2025-017 中牧实业股份有限公司 2025年第一次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 339 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 515,650,496 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 50.4971 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，采用现场投票和网络投票相结合的方式召开。 (一) 股东会召开的时间：2025 年 6 月 10 日 (二) 股东会召开的地点：北京市丰台区南四环西路 188 号总部基地 8 区 16 号楼 8 层公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 现场会议由公司董事长吴冬荀先生主持 ...

北京金诚同达律师事务所 关于 中牧实业股份有限公司 2025 年第一次临时股东会的 法律意见书 北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于中牧实业股份有限公司 2025 年第一次临时股东会的 法律意见书 金证法意[2025]字 0610 第 0546 号 致：中牧实业股份有限公司 北京金诚同达律师事务所（以下简称"本所"）接受中牧实业股份有限公司 （以下简称"中牧股份"或"公司"）的聘请，指派本所律师出席公司 2025 年 第一次临时股东会（以下简称"本次股东会"）并对会议的相关事项出具法律意 见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"）、 《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则 （试行）》等有关法律、法规和规范性文件的要求以及《中牧实业股份有限公司 章程》（以下简称"《公司章程》"）的规定，对本次股东会的召集、召开程序， 出席会 ...

股票代码：600195 股票简称：中牧股份 编号：临 2025-017 中牧实业股份有限公司 2025年第一次临时股东会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 非累积投票议案 1、 议案名称：关于选举公司第九届董事会董事的议案 审议结果：通过 表决情况： | 股东类型 | | | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 票数 | | 比例（%） | 票数 | 比例（%） | 票数 | 比例（%） | | A | 股 | 513,381,064 | | 99.5598 | 1,858,054 | 0.3603 | 411,378 | 0.0799 | | 1、出席会议的股东和代理人人数 | 339 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 515,650,496 | ...

北京金诚同达律师事务所 关于 中牧实业股份有限公司 2025 年第一次临时股东会的 法律意见书 北京金诚同达律师事务所 关于中牧实业股份有限公司 2025 年第一次临时股东会的 法律意见书 金证法意[2025]字 0610 第 0546 号 致：中牧实业股份有限公司 北京金诚同达律师事务所（以下简称"本所"）接受中牧实业股份有限公司 （以下简称"中牧股份"或"公司"）的聘请，指派本所律师出席公司 2025 年 第一次临时股东会（以下简称"本次股东会"）并对会议的相关事项出具法律意 见书。 北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"）、 《律师事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则 （试行）》等有关法律、法规和规范性文件的要求以及《中牧实业股份有限公司 章程》（以下简称"《公司章程》"）的规定，对本次股东会的召集、召开程序， 出席会 ...

股票代码：600195 股票简称：中牧股份 编号：临 2025-016 中牧实业股份有限公司 关于职工监事辞职暨选举职工监事的公告 特此公告 中牧实业股份有限公司监事会 2025 年 6 月 7 日 一、职工监事辞职的情况 中牧实业股份有限公司（以下简称"公司"）监事会于 2025 年 6 月 5 日收到职 工监事潘春刚先生的书面辞职报告，潘春刚先生因个人退休原因，提出辞去公司职 工监事职务，辞职后将不再担任公司及其控股子公司其他任何职务。潘春刚先生原 定任期到期日为 2027 年 12 月 26 日，根据《公司法》及《公司章程》等有关法律 法规的规定，潘春刚先生的辞职报告自送达监事会之日起生效。 截至本公告披露日，潘春刚先生未持有公司股票，不存在未履行完毕的公开承 诺，潘春刚先生辞去职工监事不会对公司日常管理、生产经营产生影响。公司监事 会对潘春刚先生在任职期间为公司所做的贡献表示衷心感谢！ 二、选举职工监事的情况 为保障公司监事会各项工作的顺利开展，经公司职工代表大会选举乔磊先生 （简历附后）为公司职工监事，任期与第九届监事会一致。 1 附：职工监事简历 本公司监事会及全体监事保证本公告内容不存在任何虚假 ...

Investment Rating - The report maintains a "Recommendation" rating for the animal health industry, expecting it to outperform the benchmark index by over 5% in the next 3-6 months [79]. Core Insights - The report highlights significant growth in vaccine approvals for circular, pseudorabies, and diarrhea vaccines, with notable year-on-year increases [7][8]. - The animal drug raw material market shows a continued strong performance in macrolide products, with price indices reflecting a structural differentiation among various products [52][53]. - The overall demand for animal health products is expected to recover, driven by improved profitability in the breeding sector and the introduction of new products [68][69]. Summary by Sections Vaccine Approvals - In April, major vaccine varieties for pigs showed substantial year-on-year growth, with circular vaccine up by 71.2%, pseudorabies vaccine by 73.3%, and diarrhea vaccine by 220% [7][8]. - Cumulative data from January to April indicates most vaccine types experienced significant growth, particularly in pig vaccines, with circular vaccine up by 52.3% and pseudorabies vaccine by 48.2% [8][9]. Raw Material Prices - As of the end of April, the Veterinary Pharmaceutical Index (VPI) was 69.2, reflecting a 5.6% increase from the previous month and a 13.4% increase year-on-year [52][53]. - Prices for macrolide products such as Tylosin, Tylvalosin, and Tilmicosin have shown strong performance, with increases of 10.1%, 17.6%, and 15.4% respectively compared to the end of March [53][54]. Market Outlook - The report anticipates a stable upward trend in the demand for animal health products, supported by a robust breeding sector and ongoing product innovation [68][69]. - The competitive landscape is expected to lead to a dual recovery in performance and valuation for the sector, with a focus on larger companies that can leverage their financial strength and product diversity [69][70]. Investment Recommendations - The report suggests focusing on companies such as Reap Bio, Kexin Bio, and others, which are well-positioned to benefit from the anticipated market recovery [68][70].