孟庆山先生自2017年1月退休后已不在公司担任任何职务，仅作为股东在股东大会层面行使股东权利， 上述事项仅涉及孟庆山先生个人，与公司无关，目前公司生产经营活动一切正常。该事项不会对公司的 股权结构、公司的法人治理及生产经营构成影响。 梅花生物（600873）(600873.SH)发布公告，2025年3月，公司控股股东孟庆山先生被提起公诉。今日， 公司接控股股东孟庆山先生书面通知，其收到河北省廊坊市中级人民法院出具的《刑事判决书》，判决 如下：被告人孟庆山犯操纵证券市场罪，判处有期徒刑三年，缓刑五年，并处罚金(缓刑考验期限从判 决确定之日起计算，罚金以已缴纳的行政处罚罚款折抵)。 ...

孟庆山先生自2017年1月退休后已不在公司担任任何职务，仅作为股东在股东大会层面行使股东权利， 上述事项仅涉及孟庆山先生个人，与公司无关，目前公司生产经营活动一切正常。该事项不会对公司的 股权结构、公司的法人治理及生产经营构成影响。 智通财经APP讯，梅花生物(600873.SH)发布公告，2025年3月，公司控股股东孟庆山先生被提起公诉。 今日，公司接控股股东孟庆山先生书面通知，其收到河北省廊坊市中级人民法院出具的《刑事判决 书》，判决如下：被告人孟庆山犯操纵证券市场罪，判处有期徒刑三年，缓刑五年，并处罚金(缓刑考 验期限从判决确定之日起计算，罚金以已缴纳的行政处罚罚款折抵)。 ...

人民财讯11月7日电，梅花生物（600873）11月7日公告，公司控股股东孟庆山收到河北省廊坊市中级人 民法院出具的《刑事判决书》，判决孟庆山犯操纵证券市场罪，判处有期徒刑三年，缓刑五年，并处罚 金(缓刑考验期限从判决确定之日起计算，罚金以已缴纳的行政处罚罚款折抵)。孟庆山自2017年1月退 休后已不在公司担任任何职务，上述事项仅涉及孟庆山个人，与公司无关，目前公司生产经营活动一切 正常。该事项不会对公司的股权结构、法人治理及生产经营构成影响。 ...

关于控股股东被提起公诉的进展公告 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。 证券代码：600873 证券简称：梅花生物 公告编号：2025-057 今日，公司接控股股东孟庆山先生书面通知，其收到河北省廊坊市中级人民 法院出具的《刑事判决书》，判决如下：被告人孟庆山犯操纵证券市场罪，判处 有期徒刑三年，缓刑五年，并处罚金（缓刑考验期限从判决确定之日起计算，罚 金以已缴纳的行政处罚罚款折抵）。 2025 年 3 月，公司控股股东孟庆山先生被提起公诉，详见公司于 2025 年 3 月 17 日发布在上海证券交易所网站上的《关于控股股东被提起公诉的公告》（公 告编号：2025-029）。 孟庆山先生自 2017 年 1 月退休后已不在公司担任任何职务，仅作为股东在 股东大会层面行使股东权利，上述事项仅涉及孟庆山先生个人，与公司无关，目 前公司生产经营活动一切正常。该事项不会对公司的股权结构、公司的法人治理 及生产经营构成影响。 梅花生物科技集团股份有限公司 特此公告。 梅花生物科技集团股份有限公司董事会 2025 年 11 ...

Core Viewpoint - The company MeiHua Bio announced that its controlling shareholder, Meng Qingshan, has been sentenced to three years in prison with a five-year probation for manipulating the securities market, but this matter is personal and does not affect the company's operations or governance structure [2] Company Impact - Meng Qingshan has not held any position in the company since his retirement in January 2017, indicating that the legal issues are unrelated to the company's current management [2] - The company's production and operational activities are reported to be normal and unaffected by this legal ruling [2] - The incident is stated to have no impact on the company's equity structure or corporate governance [2]

Group 1 - The Agricultural, Animal Husbandry, and Fishery ETF (159275) has shown a contrary rise, with an increase of 0.6% and a trading volume of 5.25 million yuan, bringing the fund's total size to 200 million yuan [1] - Key performing stocks include Honghui Fruits and Vegetables, Longniu Mountain, and Hainan Rubber, with respective increases of 6.22%, 4.04%, and 2.56% [1] - The Ministry of Agriculture and Rural Affairs held a meeting on November 4, 2025, to establish a full-chain regulatory mechanism for agricultural product quality and safety [1] Group 2 - Pacific Securities highlighted multiple pressures on the breeding industry, including ongoing losses in the pig industry, high levels of breeding sows, and rising risks from African swine fever [2] - The poultry industry is experiencing a historical high in production capacity, with broiler prices fluctuating at low levels, while yellow chicken prices are rising due to seasonal demand [2] - The planting industry is stabilizing grain prices, with expectations for mid-term increases, and the seed industry is gaining strategic importance due to advancements in genetically modified crops [2]

Group 1 - MSCI announced the results of its November index review, which includes the addition of 17 new A-shares and the removal of 16 A-shares [2][3] - The newly added A-shares include companies such as Qianli Technology, Dongyangguang, and Changchuan Technology, while the removed A-shares include companies like Zhongzhi Co., Bertley, and Dong'a Ejiao [1][3] - The adjustments will take effect after the market closes on November 24 [2] Group 2 - In addition to A-shares, MSCI also included 9 new Hong Kong stocks in its indices, such as Zijin Mining International and GF Securities, while removing 4 Hong Kong stocks [3][4] - The largest new additions to the MSCI Global Standard Index include companies like CoreWeave, Nebius Group, and Insmed, indicating a focus on sectors like cloud services and biopharmaceuticals [4] - MSCI conducts four routine adjustments to its indices each year, with the November review being one of the two major semi-annual assessments [5]

Core Insights - MSCI announced the results of its November index review, which includes the addition of 17 new stocks to the MSCI China A-share index and the removal of 16 stocks. The changes will take effect after the market closes on November 24, 2025 [1][6]. Summary of Adjustments - **Newly Added Stocks**: The list includes stocks such as Qianli Technology (601777.SH), Dongyangguang (600673.SH), and Changchuan Technology (300604.SZ) among others [4]. - **Removed Stocks**: Stocks such as Zhongzhi Co., Ltd. (600038.SH), Bertli (603596.SH), and Dong'e Ejiao (000423.SZ) are among those being removed from the index [4]. - **Hong Kong Stocks**: In addition to A-share stocks, the MSCI China index also added nine Hong Kong stocks including Zijin Mining International and GF Securities, while removing four stocks such as Beijing Enterprises Water Group [4]. Global Index Adjustments - **Global Standard Index Changes**: MSCI's global standard index (ACWI) added 69 stocks and removed 64 stocks, with notable additions including CoreWeave, Nebius Group, and Insmed [5]. - **Emerging Markets Index**: The largest new additions to the MSCI Emerging Markets Index include Barito Renewables Energy from Indonesia, Zijin Mining International, and GF Securities [5]. Adjustment Frequency and Impact - MSCI conducts four routine adjustments annually, with the May and November adjustments typically being more significant. Adjustments are based on objective quantitative metrics such as market capitalization and liquidity [6].

Core Viewpoint - The agricultural, animal husbandry, and fishery sector has seen a midday surge, with the highest "pig content" ETF (159275) experiencing a brief low-level fluctuation before a sudden rise, currently up by 0.2% [1] Group 1: Market Performance - The agricultural, animal husbandry, and fishery ETF (159275) opened with a slight dip but later rose, reflecting a positive market sentiment [1] - Key stocks in the sector, including Brother Technology, Jin Xin Nong, and Mei Hua Biological, saw significant gains, with Brother Technology rising over 5% and several others increasing by more than 1% [1] Group 2: Industry Insights - Recent trends indicate that national pig prices initially rose to 12.35 yuan/kg, a peak for October, but later fell due to insufficient demand and increased market supply [2] - Analysts predict accelerated de-capacity in the pig farming sector, with a focus on biological breeding and the promotion of genetically modified corn [3] - The poultry industry is expected to benefit from price increases in the white feather chicken supply chain due to overseas avian influenza impacts [3] Group 3: Investment Opportunities - The agricultural, animal husbandry, and fishery ETF (159275) is highlighted as a key investment opportunity, tracking the comprehensive agricultural index with significant exposure to leading pig farming companies [5] - The ETF's index shows a price-to-book ratio of 2.56, indicating a relatively low valuation compared to historical levels, suggesting a favorable long-term investment opportunity [3]

Investment Rating - The investment rating for the company is "Outperform" [8] Core Views - The company's Q3 operational performance met expectations, with a revenue of 18.215 billion yuan, a year-on-year decrease of 2%, and a net profit attributable to shareholders of 3.025 billion yuan, a year-on-year increase of 52% [8] - The company is advancing its globalization strategy, having completed the consolidation of assets from a foreign acquisition, marking a new phase in its international expansion [8] - The forecast for the company's net profit attributable to shareholders for 2025 has been raised to 3.628 billion yuan due to the impact of merger gains, while forecasts for 2026 and 2027 have been adjusted downwards [8] Financial Data and Profit Forecast - Total revenue for 2025 is projected at 26.803 billion yuan, with a year-on-year growth rate of 6.9% [7] - The net profit attributable to shareholders for 2025 is estimated at 3.628 billion yuan, reflecting a year-on-year growth of 32.4% [7] - The company's gross margin is expected to be 19.7% in 2025, with a return on equity (ROE) of 22% [7] Market Data - The closing price of the company's stock is 11.28 yuan, with a market capitalization of 31.632 billion yuan [6] - The price-to-earnings (PE) ratio is projected to be 9 for 2025 [7]