Core Viewpoint - The company, Nongfa Seed Industry, has received approval from the Shanghai Stock Exchange for its application to issue A-shares to specific investors, pending final approval from the China Securities Regulatory Commission (CSRC) [1][2]. Fundraising Details - The total amount expected to be raised from the issuance is up to 406.961078 million yuan, which will be used to repay state funds and supplement working capital [2][3]. - The specific allocation of the raised funds includes 288.56 million yuan for repaying state funds and 118.401078 million yuan for supplementing working capital [2]. Issuance Structure - The issuance will involve 79,175,306 shares, not exceeding 30% of the company's total share capital prior to the issuance [3]. - The issuance price is set at 5.14 yuan per share, which is at least 80% of the average trading price over the 20 trading days prior to the pricing date [2][3]. Shareholder Information - The shares will be subscribed by the actual controller, China Agricultural Development Group, and its subsidiary, Huanong Assets, with subscription amounts of 306.961078 million yuan and 100 million yuan, respectively [2][4]. - The shares subscribed by these entities will be subject to a 36-month lock-up period [3]. Regulatory and Advisory Information - The issuance is being sponsored by Huatai United Securities Co., Ltd., with designated representatives for the sponsorship [5].

Group 1 - The company, Zhongnongfa Seed Industry Group Co., Ltd., has received approval from the Shanghai Stock Exchange for its application to issue A-shares to specific investors [1] - The issuance is subject to approval from the China Securities Regulatory Commission (CSRC), and there is uncertainty regarding the timing and outcome of this approval [1] - The company commits to timely information disclosure based on the progress of the application [1]

Core Viewpoint - The company has received approval from the Shanghai Stock Exchange for its application to issue shares to specific investors, indicating compliance with issuance and listing conditions as well as information disclosure requirements [1] Group 1 - The announcement was made on November 25, 2025, regarding the approval of the share issuance [1] - The approval is specifically for the issuance of shares to certain targeted investors [1] - The Shanghai Stock Exchange has confirmed that the company's application meets all necessary conditions [1]

Core Viewpoint - The company received approval from the Shanghai Stock Exchange for its application to issue shares to specific investors, indicating compliance with issuance and listing conditions as well as information disclosure requirements [1] Group 1 - The company announced on November 25, 2025, that it received a review opinion from the Shanghai Stock Exchange regarding its stock issuance [1] - The approval confirms that the company's application meets the necessary conditions for issuance and listing [1] - The review also indicates that the company has fulfilled the information disclosure requirements [1]

Group 1 - The core viewpoint of the article is that Nongfa Seed Industry (600313.SH) has received approval from the Shanghai Stock Exchange for its application to issue shares to specific investors, indicating compliance with issuance and listing conditions as well as information disclosure requirements [1] Group 2 - The approval was formally communicated through a notice dated November 25, 2025, from the Shanghai Stock Exchange [1] - The company is positioned to proceed with its capital raising efforts following this approval, which is a positive signal for its future growth and investment potential [1] - This development reflects the company's adherence to regulatory standards, which may enhance investor confidence [1]

证券代码：600313 证券简称：农发种业 公告编号：临 2025-048 中农发种业集团股份有限公司 关于向特定对象发行 A 股股票申请获得 上海证券交易所审核通过的公告 2025 年 11 月 25 日 1 公司本次向特定对象发行股票事项尚需中国证券监督管理委员会（以下简称 "中国证监会"）同意注册后方可实施，最终能否获得中国证监会同意注册的决 定及其时间存在不确定性。公司将根据进展情况及时履行信息披露义务，敬请广 大投资者注意投资风险。 特此公告。 中农发种业集团股份有限公司董事会 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。 中农发种业集团股份有限公司（以下简称"公司"）于 2025 年 11 月 25 日收 到上海证券交易所（以下简称"上交所"）出具的《关于中农发种业集团股份有 限公司向特定对象发行股票的交易所审核意见》，认为公司向特定对象发行股票 申请符合发行条件、上市条件和信息披露要求。 ...

Core Insights - The article highlights the importance of seed quality and innovation in agriculture, particularly focusing on the role of Zhongnongfa Seed Industry Group in promoting green and efficient agricultural practices [1][2] Group 1: Company Overview - Zhongnongfa Seed Industry Group is recognized as a leading player in China's seed industry, focusing on seed quality improvement, brand development, and standardized production [1] - The company has invested a total of 340 million yuan in research and development over the past three years, targeting the cultivation of water-saving, fertilizer-saving, and pesticide-saving green specialty varieties [1] Group 2: Agricultural Practices - The company emphasizes the integration of green development concepts throughout the agricultural production process, exemplified by the establishment of a smart agricultural information system in Licheng, Shanxi, which has achieved a 50% reduction in pesticide use and over 90% in water usage [2] - Zhongnongfa Seed Industry Group is actively expanding its order-based agriculture model by collaborating with downstream processing enterprises to ensure quality control from farm to table [1] Group 3: Market Position and Goals - The company ranks fourth among over 8,000 seed enterprises in China, with a target to achieve a market share of 6.1% for its proprietary varieties by 2025 [2] - The company aims to enhance the supply of green and high-quality products, thereby contributing to food security and rural industrial development through the promotion of specialty varieties [2]

Group 1 - The core viewpoint emphasizes the importance of seed quality and innovation in agriculture, highlighting the role of Zhongnongfa Seed Industry Group in promoting green production and enhancing crop yields through advanced seed varieties [2][3] - The company has invested 340 million yuan in research and development over the past three years, focusing on key technologies for breeding water-saving, fertilizer-saving, and pesticide-saving green specialty varieties [2] - Zhongnongfa Seed Industry Group is positioned as a leading player in the seed industry, ranking fourth among over 8,000 seed companies in China, with a target market share of 6.1% for its proprietary varieties by 2025 [3] Group 2 - The company is implementing a comprehensive green development strategy throughout the agricultural production process, including the establishment of a smart agricultural information system in Licheng, Shanxi, which has achieved a 50% reduction in pesticide use and over 90% in water savings [3] - The company is expanding its order agriculture model by collaborating with downstream processing enterprises to ensure quality control from farm to table, thereby meeting the increasing demand for green certified agricultural products [2] - Zhongnongfa Seed Industry Group aims to enhance the supply of green quality products and empower food security and rural industrial development through the promotion of specialty varieties and a full industry chain order service system [3]

Core Insights - The agriculture sector experienced a decline of 0.74% on November 21, with Honghui Fruits and Vegetables leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Sector Performance - The agriculture sector's individual stock performance showed significant variations, with Qianyin Gaoke (300087) rising by 16.24% to a closing price of 11.81, while several other stocks experienced declines [1] - Notable gainers included Qianyin Gaoke (300087) with a trading volume of 1.93 million shares and a transaction value of 2.307 billion, and Qiule Seed Industry (920087) with a 4.33% increase [1] Capital Flow - The agriculture sector saw a net inflow of 158 million from institutional investors, while retail investors experienced a net outflow of 267 million [2] - The main stocks attracting institutional investment included Qianyin Gaoke (300087) with a net inflow of 1.53 billion, while retail investors showed a negative trend in several stocks [3]

Core Viewpoint - The genetically modified (GM) sector is leading the market with a rise of 1.04%, indicating positive investor sentiment and potential growth in this industry [1] Group 1: Company Performance - ChuanYin High-Tech experienced a significant increase of 16.73%, highlighting strong performance and investor confidence in the company [1] - Nongfa Seed Industry saw a rise of 3.16%, reflecting steady growth and market interest [1] - Dunhuang Seed Industry increased by 1.67%, indicating a positive trend in its stock performance [1]