Market Performance - The planting industry sector increased by 0.59% on August 5, with Shennong Seed Industry leading the gains [1] - The Shanghai Composite Index closed at 3617.6, up 0.96%, while the Shenzhen Component Index closed at 11106.96, up 0.59% [1] Stock Performance - Key stocks in the planting industry and their performance include: - Shennong Seed Industry (300189): Closed at 4.84, up 2.76% with a trading volume of 1.3433 million shares and a turnover of 647.1 million [1] - Honghui Fruits and Vegetables (603336): Closed at 7.56, up 2.16% with a trading volume of 233,600 shares and a turnover of 175 million [1] - Qiu Le Shen V (831087): Closed at 18.50, up 1.37% with a trading volume of 44,300 shares and a turnover of 81.8 million [1] - Other notable stocks include Zhongxing Junye (002772), Boyuan Technology (600883), and Xin Sai Co., Ltd. (600540) with respective gains [1] Capital Flow - The planting industry sector saw a net inflow of 28.2654 million from institutional investors, while retail investors experienced a net outflow of 29.8697 million [1] - Notable capital flows for specific stocks include: - Nuofushin (002215): Net inflow of 29.6542 million from institutional investors, but a net outflow of 25.6975 million from retail investors [2] - Shennong Seed Industry (300189): Net inflow of 27.3554 million from institutional investors, with a net outflow of 19.3483 million from retail investors [2] - Other stocks like Jingyin Gaoke (300087) and Su Keng Agricultural Development (601952) also showed similar trends in capital flow [2]

Market Overview - The planting industry sector experienced a slight decline of 0.01% on August 1, with Dunhuang Seed Industry leading the drop [1] - The Shanghai Composite Index closed at 3559.95, down 0.37%, while the Shenzhen Component Index closed at 10991.32, down 0.17% [1] Stock Performance - Notable gainers in the planting sector included: - Honglian Huan Shu (603336) with a closing price of 7.45, up 2.19% and a trading volume of 349,800 shares [1] - Nuofushin (002215) closed at 11.53, up 1.77% with a trading volume of 319,100 shares [1] - Xue Rong Biological (300511) closed at 6.35, up 1.44% with a trading volume of 91,400 shares [1] - Conversely, significant decliners included: - Dunhuang Seed Industry (600354) closed at 6.57, down 1.79% with a trading volume of 237,000 shares [2] - Yasheng Group (600108) closed at 2.96, down 1.00% with a trading volume of 292,700 shares [2] - Beidahuang (600598) closed at 14.82, down 0.80% with a trading volume of 307,500 shares [2] Capital Flow - The planting industry sector saw a net outflow of main funds amounting to 77.34 million yuan, while retail investors contributed a net inflow of 113 million yuan [2][3] - Notable capital movements included: - Nuofushin (002215) with a main fund net outflow of 23.84 million yuan [3] - Honghui Fruit and Vegetable (603336) with a main fund net inflow of 22.08 million yuan [3] - Agricultural Development (600313) with a main fund net outflow of 2.91 million yuan [3]

从资金流向上来看，当日种植业板块主力资金净流入2.68亿元，游资资金净流入1666.31万元，散户资金 净流出2.85亿元。种植业板块个股资金流向见下表： 证券之星消息，7月30日种植业板块较上一交易日上涨1.37%，康农种业领涨。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。种植业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 837403 | 康农种业 | 25.64 | 5.30% | 6.59万 | | 1.66亿 | | 600598 | 北大荒 | 15.27 | 3.67% | 90.14万 | | 13.68亿 | | 600354 | 敦煌种业 | 6.71 | 3.39% | 53.57万 | | 3.57亿 | | 300189 | 神农种业 | 4.94 | 3.35% | 255.89万 | | 12.47亿 | | 600371 | 万向德农 | 9.60 | 3.11% | ...

持续督导总结报告 二〇二五年七月 华龙证券股份有限公司 关于酒泉钢铁（集团）有限责任公司 收购甘肃省敦煌种业集团股份有限公司 华龙证券股份有限公司 关于 酒泉钢铁（集团）有限责任公司 收购甘肃省敦煌种业集团股份有限公司 之 之持续督导总结报告 华龙证券股份有限公司（以下简称"本财务顾问"、"华龙证券"）接受收 购人酒泉钢铁（集团）有限责任公司（以下简称"收购人"、"酒钢集团"）委 托担任其收购甘肃省敦煌种业集团股份有限公司（以下简称"上市公司"、"公 司"、"敦煌种业"）之财务顾问（上述收购行为以下简称"本次收购"）。根 据《上市公司收购管理办法》等法规规定，华龙证券作为本次收购的收购人财务 顾问，持续督导期自敦煌种业披露《甘肃省敦煌种业集团股份有限公司详式权益 变动报告书》（以下简称"《详式权益变动报告书》"）之日（2023 年 11 月 24 日）起至收购完成（2024 年 7 月 16 日）后的 12 个月止。 一、本次交易情况 本次收购前，酒钢集团不存在通过直接或间接等形式持有上市公司股份的情 形。 本次收购中，酒钢集团通过无偿划转方式受让上市公司 5,821.66 万股股份， 占上市公司总股本的比例 ...

Core Viewpoint - Jiuquan is positioning itself as a leading hub for seed production and innovation, showcasing significant growth and development in the seed industry, with a focus on technology and quality [4][11][12]. Group 1: Seed Production and Area - Jiuquan has established a seed production area of 748,000 acres, making it a core region for national seed production [19][20]. - The region is recognized as the largest vegetable and flower seed export base in China, meeting 50% of the national vegetable seed demand [26][27]. - Key production areas include Suxian, Jinta, Yumen, and Guazhou, with a strong focus on corn, vegetables, and flowers [22][23][24]. Group 2: Genetic Resources and Innovation - Jiuquan has collected and preserved 257,000 varieties of crop genetic resources, leading in the northwest region [34][35]. - The area boasts 1,442 varieties with independent intellectual property rights, enhancing its competitive edge in the seed industry [55][66]. - Significant R&D investment exceeding 60 million yuan annually supports the development of new seed varieties [64]. Group 3: Economic Impact - The seed industry in Jiuquan generates a total output value of 4.2 billion yuan, accounting for 17% of the agricultural output value [78][81]. - The industry has significantly increased farmers' income, with an average income of over 5,000 yuan from seed production [82]. - Jiuquan exports vegetable and flower seeds to over 80 countries, achieving an export volume of 8 million kilograms and generating 500 million yuan in foreign exchange [84][87]. Group 4: Technological Innovation and Support - Jiuquan has established 14 innovation platforms to enhance technological capabilities in the seed industry [90][92]. - The local government has implemented a series of supportive policies to promote the development of the seed industry, including planning, funding, and talent cultivation [112][115]. - The establishment of the Seed Industry Development Bureau in April 2024 aims to strengthen organizational support for the industry [118][120].

Group 1 - The company expects a net profit attributable to shareholders of approximately 55 million yuan for the first half of 2025, representing an increase of about 23.6 million yuan or 75.17% compared to the same period last year [1] - The net profit after deducting non-recurring gains and losses is projected to be around 50 million yuan, which is an increase of approximately 27.74 million yuan or 124.65% year-on-year [1] - The previous year's net profit attributable to shareholders for the first half of 2024 was 31.3983 million yuan, and the net profit after deducting non-recurring gains and losses was 22.2573 million yuan [1] Group 2 - The increase in profit is attributed to the company's adjustments and optimization of sales strategies in response to market conditions and demand changes, leading to significant growth in sales of proprietary varieties [2] - The company has also strengthened cost control measures, resulting in reduced expenses and contributing to the overall increase in revenue and net profit compared to the previous year [2]

Market Overview - The Shanghai Composite Index fell by 0.13% on July 9, with 17 out of the 28 sectors rising, led by Media and Agriculture, Forestry, Animal Husbandry, and Fishery, which increased by 1.35% and 0.65% respectively [2] - The sectors with the largest declines were Non-ferrous Metals and Basic Chemicals, which dropped by 2.26% and 0.85% respectively [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 38.536 billion yuan, with only three sectors experiencing net inflows: Media (1.055 billion yuan), Retail (864 million yuan), and Construction Decoration (40.34 million yuan) [2] - The Electronic sector saw the largest net outflow, amounting to 7.789 billion yuan, followed by Non-ferrous Metals with 5.412 billion yuan [2] Agriculture, Forestry, Animal Husbandry, and Fishery Sector - The Agriculture, Forestry, Animal Husbandry, and Fishery sector rose by 0.65% despite a net capital outflow of 437 million yuan [3] - Out of 103 stocks in this sector, 40 stocks increased, with one hitting the daily limit, while 55 stocks declined [3] - The top three stocks with net inflows were Xinwufeng (31.4665 million yuan), Haida Group (28.3706 million yuan), and Juxing Agriculture (21.9941 million yuan) [3][4] Top Gainers and Losers in Agriculture, Forestry, Animal Husbandry, and Fishery - **Top Gainers**: - Xinwufeng: +0.65%, 4.20% turnover, 31.4665 million yuan inflow [4] - Juxing Agriculture: +0.76%, 4.49% turnover, 21.9941 million yuan inflow [4] - **Top Losers**: - Muyuan Foods: -3.27%, 1.81% turnover, 71.5922 million yuan outflow [5] - Guolian Aquatic Products: -1.76%, 8.74% turnover, 45.2607 million yuan outflow [5]

[Core Summary of Performance Forecast](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) The company expects significant profit growth in the first half of 2025, with net profit attributable to shareholders (NPAS) projected to increase by approximately **75.17%** year-on-year, and NPAS after deducting non-recurring gains and losses projected to increase by approximately **124.65%** year-on-year Key Indicators of 2025 Semi-Annual Performance Forecast | Indicator | 2025 Semi-Annual (Estimated) | Year-on-Year Growth | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders (NPAS) | approximately 55 million CNY | approximately 75.17% | | NPAS After Non-Recurring Items | approximately 50 million CNY | approximately 124.65% | [Details of Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) For the period from January 1 to June 30, 2025, the company's finance department preliminarily estimates NPAS to be approximately 55 million CNY, and NPAS after non-recurring items to be approximately 50 million CNY, with this data remaining unaudited by a certified public accountant 2025 Semi-Annual Performance Forecast Compared to Prior Year | Indicator | 2025 Semi-Annual (Estimated) | Increase Compared to Prior Year | Growth Rate Compared to Prior Year | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders (NPAS) | approximately 55 million CNY | approximately 23.6017 million CNY | approximately 75.17% | | NPAS After Non-Recurring Items | approximately 50 million CNY | approximately 27.7427 million CNY | approximately 124.65% | - The financial data related to this performance forecast has not been audited by a certified public accountant[2](index=2&type=chunk) [Review of Prior Year's Performance](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E4%B8%9A%E7%BB%A9%E6%83%85%E5%86%B5) The company disclosed its 2024 semi-annual performance as a comparison benchmark, with NPAS of 31.3983 million CNY, NPAS after non-recurring items of 22.2573 million CNY, and earnings per share of 0.0595 CNY 2024 Semi-Annual Performance Data | Indicator (2024 Semi-Annual) | Amount | | :--- | :--- | | Net Profit Attributable to Shareholders (NPAS) | 31.3983 million CNY | | NPAS After Non-Recurring Items | 22.2573 million CNY | | Earnings Per Share | 0.0595 CNY | [Analysis of Performance Pre-Increase Reasons](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%A2%9E%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The performance growth in this period is primarily attributed to two core factors: first, the company achieved significant sales growth of its advantageous proprietary seed varieties through adjusted sales strategies and precise marketing; second, the company strengthened internal expense control, effectively reducing cost expenditures, with these two aspects jointly promoting the increase in operating revenue and net profit - The core driving force comes from the sales side: the company adjusted and optimized its sales strategies, achieving significant sales growth of advantageous proprietary varieties through precise market positioning and effective promotional activities[4](index=4&type=chunk) - Cost-side synergy and efficiency: The company continuously strengthened expense control, reducing various cost expenditures[4](index=4&type=chunk) [Risk Warning and Other Notes](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company explicitly states that the performance forecast data released this time is a preliminary calculation result from the finance department, unaudited, and thus subject to uncertainty, with the final accurate financial data to be based on the company's officially disclosed 2025 semi-annual report, and investors are reminded to pay attention to relevant investment risks - This performance forecast data is a preliminary calculation, unaudited by a certified public accountant, and subject to uncertainty[5](index=5&type=chunk)[6](index=6&type=chunk) - The final accurate financial data will be based on the company's officially disclosed 2025 semi-annual report[6](index=6&type=chunk)

Core Viewpoint - Dunhuang Seed Industry (600354) expects a significant increase in net profit for the first half of 2025, indicating strong financial performance and growth potential [1] Financial Performance - The company anticipates a net profit attributable to shareholders of approximately 55 million yuan for the first half of 2025, which represents an increase of about 23.6 million yuan compared to the same period last year, reflecting a year-on-year growth of approximately 75.17% [1] - The expected net profit after deducting non-recurring gains and losses is around 50 million yuan, with an increase of about 27.7 million yuan compared to the previous year, indicating a year-on-year growth of approximately 124.65% [1]

Summary of Key Points Core Viewpoint - The announcement details the progress of the guarantee plan for the year 2025 by Gansu Dunhuang Seed Industry Group Co., Ltd, including the total guarantee amount and the status of guarantees provided to its subsidiaries [1][8]. Group 1: Guarantee Plan Overview - The company plans to provide guarantees or counter-guarantees for its wholly-owned and controlling subsidiaries, with a total guarantee amount not exceeding 120 million yuan for the year 2025 [2][8]. - As of June 18, 2025, the cumulative guarantee balance is 40 million yuan [1][8]. - The guarantees are primarily for working capital loans, with specific allocations of 60 million yuan for Jiuquan Dunhuang Seed Industry Baijia Food Co., Ltd, 50 million yuan for Guazhou Dunzhong Cotton Industry Co., Ltd, and 10 million yuan for Gansu Dunhuang Seed Industry Group Jinchang Jincunyuan Agricultural Technology Co., Ltd [2][4]. Group 2: Subsidiary Financials - Jiuquan Dunhuang Seed Industry Baijia Food Co., Ltd has total assets of 123.76 million yuan, total liabilities of 116.92 million yuan, and a net asset of 6.85 million yuan, with a debt-to-asset ratio of 94.47% as of December 31, 2024 [4][7]. - Gansu Dunhuang Seed Industry Group Jinchang Jincunyuan Agricultural Technology Co., Ltd has total assets of 58.18 million yuan, total liabilities of 81.81 million yuan, and a negative net asset of 2.30 million yuan, indicating a high debt-to-asset ratio [4][7]. Group 3: Guarantee Contracts - The guarantees are structured to ensure that the subsidiaries can maintain normal operations, with the risks being manageable and not detrimental to the company or minority shareholders [7][8]. - The guarantees are authorized by the shareholders' meeting and are within the approved limit, with no overdue guarantees reported [8].