证券代码：600598 证券简称：北大荒 公告编号：2025-009 ●预计 2025 年度日常关联交易事项，需要提交股东大会审议。 ●日常关联交易对公司的影响：关联交易定价遵循公允性原则，不存在损害公司及中小 股东利益的情形。公司主营业务不会因此类交易而对关联方形成依赖，不会对公司的独立性构 成影响。 黑龙江北大荒农业股份有限公司（以下简称："公司"）根据《上海证券交易所 股票上市规则》第六章的相关规定，现对 2025 年日常关联交易总金额进行预计。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 本次预计 2025 年度日常关联交易事项，经独立董事专门会议审议通过，全体 独立董事同意提交董事会审议。公司于 2025 年 3 月 27 日召开第七届董事会第二 十八次会议审议通过《关于预计 2025 年度日常关联交易的议案》，公司董事长马 忠峙先生、董事王守江先生、董事高建国先生为关联董事，对此事项回避表决，非 关联董事（独立董事）全票（4 票）赞成通过此事项。此事项尚需提交公司股东大 会审议，公司控股股东北大荒农垦集团有限公司作为关联股东将在股东大会上对 相关议案回避表决。 1 黑龙江北大荒农业 ...

证券代码：600598 证券简称：北大荒 公告编号：2025-006 黑龙江北大荒农业股份有限公司 关于计提应收控股子公司欠款坏账准备的公告 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个别及连带责任。 为了客观、真实、公允地反映黑龙江北大荒农业股份有限公司（以下简称： "公司"）2024 年末母公司的财务状况、资产价值以及 2024 年度母公司的经营 成果，根据《企业会计准则》和公司会计政策的相关规定，结合控股子公司北大 荒龙垦麦芽有限公司（以下简称："麦芽公司"）和北大荒鑫都房地产开发有限公 司（以下简称："鑫都公司"）的经营现状和资产状况等因素，本着谨慎性原则， 公司拟对应收上述 2 家子公司欠款计提坏账准备 8,058 万元，计入公司母公司财 务报表当期损益，不影响公司合并财务报表当期损益，其中：计提应收麦芽公司 欠款坏账准备 7,275 万元；计提应收鑫都公司欠款坏账准备 783 万元。 公司于 2025 年 3 月 27 日召开第七届董事会第二十八次会议，审议通过《关 于计提应收控股子公司麦芽公司和鑫都公司欠款坏账准备的议 ...

Core Insights - The transformation of Heilongjiang's agriculture from traditional methods to technology-driven practices has significantly increased grain production, with total output reaching 1,600.34 billion jin in 2024, marking a 433% increase from 1983 levels [1][5][9] - The shift from quantity to quality in agricultural practices is evident, with a focus on high-efficiency and sustainable farming methods, including precision agriculture and ecological restoration [5][8][9] Group 1: Historical Context and Policy Changes - The agricultural reforms initiated in the 1980s, particularly the household contract responsibility system, released productivity and set the stage for future advancements [8] - The introduction of the "Thousand Billion Jin Grain Production Capacity Project" in 2010 led to a rapid increase in grain output, achieving the target a decade ahead of schedule [3][5] - Recent policies have emphasized the construction of high-standard farmland, with 120 million acres being developed to enhance production capacity [8] Group 2: Technological Advancements - The integration of technology in agriculture has progressed from traditional machinery to advanced systems, including the use of unmanned aerial vehicles (UAVs) for precision farming [8] - The deployment of smart agriculture platforms has enabled comprehensive mapping and management of farmland, enhancing efficiency and productivity [8] Group 3: Economic and Ecological Implications - Heilongjiang's grain production accounts for approximately 11.4% of the national total, influencing both domestic food security and international market pricing for crops like soybeans and corn [9] - The region is addressing ecological challenges through sustainable practices, such as straw returning and soil health restoration, to combat previous degradation of arable land [8][9] - The establishment of the "Heilongjiang Germplasm Bank" aims to preserve genetic resources for future agricultural resilience against climate change [9]

Group 1 - The core viewpoint of the article emphasizes the intention of Beidahuang Agricultural Reclamation Group and Agricultural Bank of China Heilongjiang Branch to deepen their strategic cooperation for mutual benefits [1] - Wang Zhaocheng, the chairman of Beidahuang, expressed the hope to expand the breadth and depth of cooperation based on previous exchanges, aiming for mutual promotion and progress [1] - Li Yongjun, the president of Agricultural Bank of China Heilongjiang Branch, highlighted the importance of exploring new models and paths for agricultural financial services, as well as sharing information resources [1]

人民财讯3月13日电，3月12日，北大荒农垦集团党委书记、董事长王兆成与来访的中国工商银行黑龙江 省分行党委书记、行长刘向明，围绕进一步深化战略合作进行座谈交流。 王兆成表示，希望工商银行黑龙江省分行继续给予北大荒支持和帮助，双方将以全面战略合作关系为基 础，找准业务合作切入点、着力点，深化战略合作关系、拓宽合作领域、提升合作层次，谱写合作共赢 新篇章，为推动龙江高质量发展可持续振兴贡献力量。 刘向明表示，希望双方在良好合作的基础上，进一步加强沟通交流，充分发挥国有银行与国有企业深度 合作的战略优势，积极探索创新合作模式，打造赋能增效的银企合作典范。 ...

周期，周期，还是周期！ 作者 | 萧瑟 编辑 | 小白 农林牧渔可以说是与春节关系最为紧密的行业，毕竟春节时间节点的确定依据正是古时的农业历法。 农业社会中，春节往往被视作是新一轮生产周期起始的标志。而人们在此时进行的各种庆祝习俗，也 有祈愿新的一年风调雨顺、农业丰收的寓意。 但在二级市场，2024年对于农业来讲并不是一个友好的年份。申万农林牧渔指数全年下跌11.6%，不 仅跑输上证指数24.2pct，更是在31个行业中排在倒数第二。 从行业名字中我们也能感受到，农林牧渔业态繁多，包含种植、养殖、捕捞等，仅用单一指数很难对 下跌原因一以概之。 因此我们还是按老规矩，聚焦到前十大市值公司来逐个剖析。 有意思的是，从这十家公司的股价表现看，倒是很难感受到行业整体的颓势，甚至其中还有接近翻倍 的个股。 | 公司名称 | 2024年末市值(亿元) | 全年涨跌幅 | 二级行业 | | --- | --- | --- | --- | | 牧原股份 | 2099.9 | J. 4.7% | 养殖业(申万) | | 金龙鱼 | 1768.0 | 2.0% | 农产品加工(申万) | | 温氏股份 | 1098.6 | J ...

证券代码：600598 证券简称：北大荒 公告编号：2024-036 黑龙江北大荒农业股份有限公司 涉诉（仲裁）案件进展公告 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个别及连带责任。 重要内容提示： ●案件所处的诉讼阶段：恢复执行阶段。 ●上市公司所处的当事人地位：黑龙江北大荒农业股份有限公司为本案的原 告。 公司一审判决生效后及时向农垦中院申请强制执行，于 2022 年 5 月、2022 年 7 月相继收到农垦中院送达的案号为（2022）黑 81 执 96 号《执行裁定书》， 提取、查封被执行人龙垦麦芽公司多处资金及资产。（公告编号：2022-023； 2022-032） 1 ●是否会对上市公司损益产生负面影响：公司恢复执行了龙垦麦芽公司的部 分房产，并依法进行拍卖，本次恢复执行案件现已执行完毕。最终影响金额及会 计处理须以注册会计师审计确认后的结果为准，敬请投资者注意投资风险。 黑龙江北大荒农业股份有限公司（以下简称："公司"）于 2024 年 12 月 27 日收到黑龙江省农垦中级法院（以下简称："农垦中院"）作出的(202 ...

Summary of Conference Call Notes Company Overview - The company discussed is Beidahuang Agricultural Group, one of the earliest agricultural listed companies in China, established in 1947 and listed on the Shanghai Stock Exchange in 2020 [2][3] - Beidahuang operates approximately 10.43 million acres of farmland, focusing on land leasing as its core business model, which generates stable rental income [3][4] - The company has undergone significant restructuring since 2014, refocusing on its core agricultural operations and divesting non-agricultural assets [2][3] Industry Context - The agricultural sector in China faces a growing demand-supply gap in arable land, with the total arable land area decreasing from over 2 billion acres in 2009 to approximately 1.9 billion acres in 2022 [6][7] - The government has set a target to maintain a minimum of 1.8 billion acres of arable land by 2030, known as the "18 billion acres red line" [7][8] - The demand for agricultural products is projected to exceed current planting areas by 18% in 2022, potentially increasing to over 22% by 2033 [8] Key Business Insights - Beidahuang's business model is centered around land leasing, which has proven to be low-risk and generates high profit margins [3][4] - The company has a stable ownership structure, with the Ministry of Finance holding approximately 64% of the shares, distinguishing it from other state-owned enterprises [5][6] - The company has maintained a high cash dividend payout ratio of 70% to 90%, reflecting strong cash flow and commitment to shareholder returns [5][6] Competitive Advantages - Beidahuang is positioned as a leading agricultural producer in Heilongjiang, a key grain-producing region in China, which enhances its competitive advantage in securing arable land resources [8][9] - The company has modernized its agricultural services, including the use of advanced machinery and aerial application for crop protection, which supports operational efficiency [4][5] Challenges and Considerations - The agricultural sector's reliance on a dual management system, combining state-owned farms with contracted labor, may lead to resource allocation issues and inefficiencies [10][11] - The ongoing urbanization and land use changes pose challenges to maintaining arable land availability, necessitating innovative agricultural practices and resource management [6][7] Conclusion - Beidahuang Agricultural Group is strategically positioned within a challenging agricultural landscape, leveraging its extensive land resources and modern agricultural practices to drive growth and profitability while navigating industry challenges [2][3][8]

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 18.76 yuan over the next six months, based on a current price of 15.27 yuan [1][42]. Core Insights - The company has shown steady growth in its main business due to the implementation of operational reforms and competitive bidding mechanisms, leading to an increase in land leasing income [2][25]. - The company is positioned as a leading agricultural enterprise in China, benefiting from rich land resources and a favorable geographical location in the world's major black soil belts, which enhances the quality and competitiveness of its agricultural products [2][32]. - The company plans to produce approximately 12 billion jin of high-quality crops, including rice, corn, and soybeans, in 2024, continuing to explore potential in green and organic products [2][32]. Summary by Sections Company Overview - The company, formerly known as Heilongjiang Provincial Agricultural Reclamation Bureau, was restructured in December 2020 and operates in a region with a total land area of 53,600 square kilometers, making it a significant grain production base in China [17][19]. Company Analysis - The company has a total land area of 12.96 million acres, with 11.58 million acres of arable land, and operates 16 agricultural subsidiaries focused on producing major crops [2][32]. - Land rental prices have been increasing in line with rising grain prices, which has positively impacted the company's land leasing business [2][30]. Profit Forecast and Valuation - The report forecasts earnings per share (EPS) for 2024, 2025, and 2026 to be 0.62 yuan, 0.67 yuan, and 0.72 yuan, respectively, with corresponding dynamic price-to-earnings (PE) ratios of 25, 23, and 21 [3][42]. - The company is expected to maintain stable growth in land leasing and agricultural material sales, with projected revenue growth rates of 8% for land leasing and 5% for agricultural materials from 2024 to 2026 [37][41].

证券代码：600598 证券简称：北大荒 公告编号：2024-035 黑龙江北大荒农业股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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： 投资者可于 2024 年 11 月 12 日(星期二)至 11 月 18 日(星期 一)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 sse600598@163.com 进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 黑龙江北大荒农业股份有限公司（以下简称"公司"）已于 2024 年 10 月 29 日发布公司 2024 年第三季度报告，为便于广大投 资者更全面深入地了解公司 2024 年第三季度经营成果、财务状况， 公司计划于 2024 年 11 月 19 日上午 09:00-10:00 举行 2024 年第三 季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年第 三季度的经营成果及财务指标的具体情况 ...