证券代码：600313 证券简称：农发种业 公告编号：2025-047 中农发种业集团股份有限公司 关于召开2025年第三次临时股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第三次临时股东会 召开的日期时间：2025 年 12 月 9 日 14 点 00 分 召开地点：北京市西城区西单民丰胡同 31 号中水大厦 3 层 308 室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 9 日 至2025 年 12 月 9 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 股东会召开日期：2025年12月9日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投 ...

证券代码：600313 证券简称：农发种业 公告编号：临 2025-041 中农发种业集团股份有限公司 第七届董事会第五十四次会议决议公告 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。 一、董事会会议召开情况 公司控股子公司--河南农化根据其目前的生产规模以及对实际经营情况的 合理估计，2025 年度向其第二大股东--北京颖泰及其下属公司的销售规模将增 加，预计增加关联销售额度 1.28 亿元。本议案已经公司 2025 年第三次独立董事 专门会议审议通过，全票同意本次增加关联交易额度事项。 表决结果： 6 票赞成、 0 票反对、 0 票弃权、 0 票回避，议案通过。 公司拟继续聘任北京大地泰华会计师事务所（特殊普通合伙）负责本公司 2025 年度的审计工作，包括年度财务报告审计及内部控制审计等，审计费用总 计 79 万元。本议案已经公司董事会审计委员会审议通过，全票同意继续聘任北 京大地泰华会计师事务所（特殊普通合伙）负责本公司 2025 年度的审计工作。 中农发种业集团股份有限公司第七届董事会第五十四次会议于 2025 年 ...

Core Viewpoint - The company has approved a proposal to use reserve funds to cover losses, pending shareholder approval, in response to a significant negative retained earnings balance as of December 31, 2024 [1] Financial Summary - As of December 31, 2024, the company's retained earnings stand at -148 million yuan, necessitating the use of 15.63 million yuan from surplus reserves and 132 million yuan from capital reserves to offset the losses [1] - Following the implementation of this proposal, surplus reserves will be reduced to 0 yuan, capital reserves will decrease to 262 million yuan, and retained earnings will be adjusted to 0 yuan [1] - The primary reason for the losses is attributed to the impairment provision for long-term equity investments made in 2017 [1]

Core Viewpoint - Zhongnongfa Seed Industry announced that its subsidiary Henan Agricultural Chemicals expects to increase sales to related party Beijing Yingtai and its subsidiaries by 128 million yuan, reaching an estimated total of 338 million yuan for 2025 [1] Group 1: Sales and Financial Projections - The planned increase in related sales has been approved unanimously by the company's seventh board of directors at the 54th meeting and will be submitted for shareholder approval [1] - As of September 30, 2025, Beijing Yingtai reported revenue of 4.434 billion yuan and a net loss of 9.6266 million yuan [1] - The cumulative sales amount from January to September 2025 has reached 123 million yuan [1] Group 2: Compliance and Independence - The transaction adheres to the principle of fairness and will not affect the company's independence [1]

Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights the ongoing challenges in the pork market, with prices experiencing a downward trend, currently at 11.90 CNY/kg, a decrease of 1.18% week-on-week. The market is characterized by a supply-demand tug-of-war, with large-scale pig farms adopting strategies to control supply and increase prices [2][12] - The report emphasizes the importance of the seed industry revitalization action plan, aiming for high-quality development during the 14th Five-Year Plan period, focusing on technological self-reliance and independent control of seed sources [1][11] - The report suggests that the commercialization of genetically modified crops will accelerate, significantly impacting yield improvements and self-sufficiency rates for key varieties [1][11] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs held a meeting to promote the revitalization of the seed industry, emphasizing the need for high-quality development and technological independence. Key actions include improving seed quality, protecting intellectual property, and enhancing biosecurity measures [1][11] - Recommended companies in the planting sector include Beidahuang and Suqian Agricultural Development, with a focus on leading seed companies like Dabeinong and Longping High-Tech [1][11] Swine Farming - The average price of live pigs is reported at 11.90 CNY/kg, with a notable decrease in losses for self-bred pigs to 114.81 CNY per head and 205.64 CNY for purchased piglets. The industry is still in a loss-making state but is seeing a reduction in losses compared to previous weeks [2][12] - The report anticipates a long-term upward adjustment in domestic pig prices, driven by policy guidance aimed at improving quality and efficiency in the industry [2][12] - Recommended stocks in the swine sector include companies like Muyuan Foods, Wens Foodstuff Group, and DeKang Agriculture [2][12] Key Agricultural Product Data Tracking - Corn: The average price is 2256.27 CNY/ton, up 0.92% week-on-week [25] - Wheat: The average price is 2485.11 CNY/ton, down 0.15% week-on-week [28] - Soybeans: The average price is 4011.58 CNY/ton, up 0.10% week-on-week [40] - Cotton: The average price is 14640.00 CNY/ton, up 0.10% week-on-week [45]

Core Insights - The planting industry sector rose by 0.48% on November 14, with Shennong Seed Industry leading the gains [1] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Stock Performance - Shennong Seed Industry (300189) closed at 5.48, up 3.40%, with a trading volume of 2.0565 million shares and a turnover of 1.137 billion yuan [1] - Hainan Rubber (601118) closed at 6.27, up 2.79%, with a trading volume of 932,900 shares and a turnover of 585 million yuan [1] - Noposion (002215) closed at 12.72, up 0.95%, with a trading volume of 243,900 shares and a turnover of 316 million yuan [1] - Other notable stocks include Qiule Seed Industry (920087) and Wanxiang Deno (600371), with respective gains of 0.73% and 0.64% [1] Capital Flow - The planting industry sector experienced a net outflow of 55.8341 million yuan from main funds, while retail funds saw a net inflow of 13.9208 million yuan [2] - Speculative funds had a net inflow of 41.9133 million yuan [2] Individual Stock Capital Flow - Shennong Seed Industry had a main fund net inflow of 44.3076 million yuan, but a net outflow of 71.7509 million yuan from retail investors [3] - Hainan Rubber saw a main fund net inflow of 15.4463 million yuan, with a net outflow of 2.5563 million yuan from retail investors [3] - Other stocks like Macro Fruit and Vegetable (603336) and Noposion (002215) also showed varied capital flows, with significant retail outflows [3]

Core Insights - The agriculture sector saw a slight increase of 0.26% on November 13, with Shennong Seed Industry leading the gains [1] - The Shanghai Composite Index closed at 4029.5, up 0.73%, while the Shenzhen Component Index closed at 13476.52, up 1.78% [1] Sector Performance - Shennong Seed Industry (300189) closed at 5.30, with a rise of 2.12% and a trading volume of 949,100 shares, amounting to a transaction value of 501 million [1] - Other notable performers included Hainan Rubber (601118) with a closing price of 6.10, up 1.16%, and Qiu Le Seed Industry (920087) at 16.40, up 0.92% [1] - The overall trading volume and transaction values for various companies in the agriculture sector were detailed, indicating active market participation [1] Capital Flow - The agriculture sector experienced a net outflow of 155 million from institutional investors, while retail investors saw a net inflow of 150 million [2] - The table provided detailed capital flows for individual stocks, highlighting the dynamics between institutional, retail, and speculative investors [2][3] Individual Stock Analysis - Longping High-Tech (000998) had a net inflow of 7.1552 million from institutional investors, while Shennong Seed Industry (6810003) saw a net inflow of 7.0328 million [3] - Conversely, several companies like New Sai Co. (600540) and Guotou Fengle (000713) experienced significant net outflows from institutional investors [3]

Core Viewpoint - The company, Nongfa Seed Industry, is facing a decline in gross profit margin and net profit attributable to shareholders, primarily due to the poor performance of its pesticide business and changes in revenue composition [1][2]. Summary by Sections Gross Profit Margin and Net Profit Changes - The company's gross profit margins for the reporting periods were 10.51%, 8.19%, 7.46%, and 6.18% respectively, while net profits attributable to shareholders were 230.072 million, 127.014 million, 46.887 million, and 63.038 million [1]. - The decline in gross profit margin from 2022 to 2024 was mainly influenced by the pesticide business, which saw its gross profit margin drop from 31.73% to 3.72%, with its revenue share decreasing from 16.64% to 5.94% [1]. Fertilizer Business Performance - The revenue from the fertilizer business for the reporting periods was 2,475.5804 million, 3,972.0236 million, 3,169.2437 million, and 2,248.9562 million [2]. - In 2023, the fertilizer business revenue increased by 60.45% year-on-year, driven by a significant drop in potash import contract prices from $590 per ton in 2022 to $307 per ton, which boosted market demand [2]. - The revenue growth in the first three quarters of 2025 is attributed to the expectation of price increases following Belarus's proposal to jointly reduce potash production with Russia by 10%-11%, prompting the company to increase procurement to meet spring farming needs [2].

Core Viewpoint - The company has received an inquiry letter from the Shanghai Stock Exchange regarding its application for a specific stock issuance, and it has responded to the inquiries as required [1][2]. Group 1 - The company, Zhongnongfa Seed Industry Group Co., Ltd., received an inquiry letter from the Shanghai Stock Exchange on October 30, 2025, concerning its application for a specific stock issuance [1]. - The company, along with relevant intermediaries, has carefully studied and addressed the issues raised in the inquiry letter, providing explanations and analyses as required [1]. - The response to the inquiry letter has been publicly disclosed, with further details available on the Shanghai Stock Exchange website [1]. Group 2 - The stock issuance is subject to approval by the Shanghai Stock Exchange and registration by the China Securities Regulatory Commission, with uncertainties regarding the approval process and timeline [2]. - The company will fulfill its information disclosure obligations based on the progress of the application [2].

关于中农发种业集团股份有限公司 向特定对象发行股票申请文件的审核问询函 有关财务会计问题的回复 大地泰华核字[2025]5118-5 号 Dadi 北京大地泰华会计师事务所（特殊普通合伙） 审核问询函回复 关于中农发种业集团股份有限公司 向特定对象发行股票申请文件的审核问询函 有关财务会计问题的回复 大地泰华核字[2025]5118-5 号 上海证券交易所： 中农发种业集团股份有限公司（以下简称"发行人"、"公司"或"农发种业"） 于 2025 年 10 月 30 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申请文件的审核问询函》（上证上 审（再融资）〔2025〕335 号）（以下简称"问询函"），北京大地泰华会计师事务所 （特殊普通合伙）（以下简称"我们"或"申报会计师"）本着勤勉尽责、诚实守 信的原则，就问询函所列有关财务会计问题逐项进行了审慎核查，现回复如下， 请予审核。 说明: 1.由于我们并未按照中国注册会计师审计准则或中国注册会计师审阅准则的 要求对发行人截至2025年9月30日止9个月期间的财务报表实施审计或审阅程序， 因此本回复不应被视为 ...