Group 1 - The aquaculture sector increased by 0.14% on August 22, with *ST Tianshan leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] - Key stocks in the aquaculture sector showed varied performance, with *ST Tianshan closing at 8.73, up 0.92%, and Zhengbang Technology at 2.92, up 0.69% [1] Group 2 - The aquaculture sector experienced a net outflow of 576 million yuan from main funds, while retail investors contributed a net inflow of 333 million yuan [2] - The trading volume for *ST Tianshan was 81,100 hands, with a transaction amount of 70.41 million yuan [1] - Other notable stocks included Wens Foodstuff Group at 17.71, up 0.40%, and Muyuan Foods at 50.35, up 0.28% [1]

Company Overview - Fucheng Co., Ltd. is located in Sanhe City, Hebei Province, and was established on March 18, 1998. The company was listed on July 13, 2004. Its main business involves livestock breeding and processing, as well as catering services [3]. Stock Performance - As of August 22, Fucheng's stock price decreased by 2.08%, trading at 5.17 CNY per share, with a total market capitalization of 4.233 billion CNY [1]. - Year-to-date, Fucheng's stock price has increased by 19.07%. In the last five trading days, it rose by 0.98%, while it fell by 0.77% over the past 20 days and increased by 1.37% over the last 60 days [2]. Capital Flow - On August 22, the net outflow of main funds was 3.383 million CNY, with large orders buying 2.929 million CNY (11.82% of total) and selling 6.312 million CNY (25.48% of total) [1]. Shareholder Information - As of March 31, Fucheng had 31,500 shareholders, a decrease of 10.04% from the previous period. The average circulating shares per person increased by 11.16% to 25,949 shares [3]. Financial Performance - For the first quarter of 2025, Fucheng reported revenue of 265 million CNY, representing a year-on-year growth of 13.82% [3]. - Since its A-share listing, Fucheng has distributed a total of 847 million CNY in dividends, with 115 million CNY distributed over the past three years [3]. Industry Classification - Fucheng is classified under the Shenwan industry as part of the agriculture, forestry, animal husbandry, and fishery sector, specifically in the breeding industry. It is associated with concepts such as ecological agriculture, low prices, domestic dairy products, prepared dishes, and small-cap stocks [3].

Group 1 - The aquaculture sector increased by 0.91% on August 20, with Tianyu Biological leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] - Key stocks in the aquaculture sector showed various performance, with Tianyu Biological closing at 8.36, up 2.58%, and Muyuan Foods at 47.50, up 1.69% [1] Group 2 - The aquaculture sector experienced a net outflow of 232 million yuan from institutional investors, while retail investors saw a net inflow of 178 million yuan [2] - The stock *ST Tianshan saw a significant decline of 16.07%, closing at 9.09 [2] - The trading volume and turnover for major stocks in the aquaculture sector varied, with Muyuan Foods having a turnover of 1.93 billion yuan [2] Group 3 - Major stocks like Muyuan Foods and Shengnong Development had mixed net inflows from different investor types, with Muyuan Foods seeing a net outflow of 81.64 million yuan from retail investors [3] - The net inflow for Shengnong Development from retail investors was 979.36 million yuan, indicating strong retail interest despite overall sector outflows [3] - The data indicates a complex flow of funds within the aquaculture sector, highlighting varying investor sentiments across different stocks [3]

Market Overview - On August 18, the aquaculture sector rose by 0.41% compared to the previous trading day, with Tianyu Biological leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Stock Performance - Key stocks in the aquaculture sector showed varied performance, with Tianyu Biological closing at 8.17, up 3.16%, and Shennong Group at 32.08, up 0.56% [1] - Other notable performers included Shengnong Development at 17.28, up 2.67%, and Yike Food at 11.70, up 1.21% [1] Trading Volume and Value - The trading volume for Tianyu Biological was 183,800 shares, with a transaction value of 150 million yuan [1] - Shengnong Development had a trading volume of 380,900 shares, with a transaction value of 654 million yuan [1] Capital Flow - The aquaculture sector experienced a net outflow of 97.087 million yuan from institutional investors, while retail investors saw a net outflow of 124 million yuan [2] - Conversely, speculative funds recorded a net inflow of 221 million yuan [2] Individual Stock Capital Flow - Muyuansheng had a net inflow of 43.3368 million yuan from institutional investors, while it faced a net outflow of 38.4479 million yuan from speculative funds [3] - Shengnong Development also saw a net inflow of 24.6627 million yuan from institutional investors, with a net outflow of 10.6830 million yuan from speculative funds [3]

Core Insights - The aquaculture sector experienced a decline of 1.41% on August 14, with Xiaoming Co. leading the drop [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Aquaculture Sector Performance - Notable declines in individual stocks include: - Muyuan Foods: closed at 46.47, down 0.90% with a trading volume of 264,900 shares and a turnover of 1.24 billion [1] - New Hope Liuhe: closed at 9.61, down 1.23% with a trading volume of 302,200 shares and a turnover of 293 million [1] - Wens Foodstuff Group: closed at 17.32, down 1.37% with a trading volume of 426,900 shares and a turnover of 745 million [1] - The overall trading volume and turnover for the aquaculture sector showed significant activity, indicating investor interest despite the declines [1] Capital Flow Analysis - The aquaculture sector saw a net outflow of 520 million from institutional investors, while retail investors contributed a net inflow of 356 million [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remained active [2] Individual Stock Capital Flow - Key stocks with notable capital flow include: - Fucheng Co.: net outflow of 13.1 million from institutional investors, with a retail net inflow of 13.3 million [3] - Huaying Agriculture: net inflow of 483,820 from institutional investors, but a net outflow of 540,650 from retail investors [3] - Zhengbang Technology: net inflow of 293,660 from institutional investors, with a retail net outflow of 510,460 [3]

Market Overview - The Shanghai Composite Index is at 3701.99 points, with a change of +0.50% [1] - The total trading volume of A-shares is 103.51 billion yuan [1] Technical Analysis - 96 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Dengyun Co., Ltd. (002715) with a distance of -1.02% [1] - United Chemical (301209) with a distance of -0.93% [1] - Guangsheng Nonferrous (600259) with a distance of -0.79% [1] Individual Stock Performance - Dengyun Co., Ltd. (002715) has decreased by 2.88% with a latest price of 16.87 yuan [1] - United Chemical (301209) has decreased by 0.17% with a latest price of 92.78 yuan [1] - Guangsheng Nonferrous (600259) has decreased by 0.81% with a latest price of 58.82 yuan [1] - Other notable stocks with declines include: - Guoneng Rixin (301162) down 2.29% [1] - Daqian Energy (688303) down 2.44% [1] - Yijiahe (603666) down 0.43% [1] Additional Stock Data - Stocks with minor declines include: - Ningbo Bank (002142) up 0.25% with a latest price of 28.25 yuan [2] - Huayang New Materials (600281) down 0.59% with a latest price of 6.75 yuan [2] - The overall trend indicates a cautious market sentiment with several stocks experiencing downward pressure [1][2]

Core Views - The breeding sector is experiencing improved supply-demand dynamics due to intensified policy regulation, with measures from the National Development and Reform Commission (NDRC) aimed at optimizing pig production capacity, which is expected to enhance CPI targets and stabilize pig prices [4][50] - The beef industry is undergoing significant supply reduction, with a deep cycle anticipated as the number of breeding cows declines sharply, leading to lower beef supply starting in the second half of 2025 [6][88] - Smart agriculture is benefiting from ongoing policy incentives and increased funding, with water conservancy investments projected to reach 1.4 trillion yuan in 2024, marking a 12.8% year-on-year increase [6][50] Breeding Sector - The breeding industry is seeing a favorable supply-demand balance, with policies aimed at controlling production capacity and improving profitability for leading companies such as Muyuan Foods and Wens Foodstuffs [4][50] - The profitability of self-breeding operations is stable, while external pig purchases show fluctuating profits, indicating a need for careful management of breeding strategies [20][25] - The average weight of pigs being slaughtered has decreased, which is expected to reduce supply pressure and potentially increase pig prices in the coming months [41][42] Beef Industry - The domestic beef supply is expected to decrease significantly due to a reduction in breeding cow numbers, with the industry mirroring the pre-2019 pig cycle in terms of supply adjustments [6][88] - The beef market is characterized by a long adjustment period from breeding to market, typically requiring 2-3 years, which complicates supply management [70] Smart Agriculture - The smart agriculture sector is poised for growth driven by government policies and funding, with a focus on modernizing irrigation systems and enhancing water management practices [6][50] - The market for smart agriculture is projected to expand significantly, with the government aiming to establish 13 million acres of efficient water-saving irrigation [6] Animal Health - The veterinary drug sector is experiencing a structural shift due to the implementation of new GMP standards, which are raising industry entry barriers and promoting consolidation among leading firms [51][66] - The veterinary raw material drug prices are entering a recovery phase after a prolonged downturn, with demand expected to rise as breeding profitability improves [53][66] Investment Recommendations - Key investment targets include Muyuan Foods, Wens Foodstuffs, and Jiusan Foods in the breeding sector, as well as Deyu Water Saving and Ruipu Biological in the smart agriculture and animal health sectors, respectively [4][66][67]

| 1、出席会议的股东和代理人人数 | 214 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 516,299,755 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 64.0633 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 证券代码：600965 证券简称：福成股份 公告编号：2025-022 河北福成五丰食品股份有限公司 2025年第一次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 6 月 11 日 (二)股东会召开的地点：河北省三河市燕郊高新区京榆大街 963 号公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 本次会议由董事会召集，公司董事长李良先生主持会议。会议采用现场投票 和网络投票相结合的表决方式。本次会议的召集和召开程序以及表决 ...

北京市天元律师事务所 关于河北福成五丰食品股份有限公司 2025 年第一次临时股东大会的 法律意见 京天股字(2025)第397 号 致:河北福成五丰食品股份有限公司 河北福成五丰食品股份有限公司(以下简称"公司")2025年第一次临时股 东大会(以下简称"本次临时股东大会")采取现场投票与网络投票相结合的方式 召开,现场会议于 2025年 6 月 11 日在河北省三河市燕郊高新区京榆大街 963 号 公司会议室召开。北京市天元律师事务所(以下简称"本所")接受公司聘任,指 派律师出席现场会议并对本次临时股东大会现场进行见证,并根据《中华人民共 和国公司法》(以下简称"《公司法》")、《中华人民共和国证券法》(以下简称"《证 券法》")、《上市公司股东会规则》(以下简称"《股东会规则》")以及《河北福 成五丰食品股份有限公司章程》(以下简称"《公司章程》")等有关规定,就本 次临时股东大会的召集、召开程序、出席现场会议人员资格、召集人资格、会议 表决程序及表决结果等事项出具本法律意见。 管理办法》和《律师事务所证券法律业务执业规则(试行)》等规定及本法律意 见出具日以前已经发生或者存在的事实,严格履行了法定职 ...

证券代码：600965 证券简称：福成股份 公告编号：2025-023 河北福成五丰食品股份有限公司 关于第九届董事会第一次会议决议的公告 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。 2025 年 6 月 6 日，河北福成五丰食品股份有限公司（以下简称"公司"） 以电子邮件的方式发出关于第九届董事会第一次会议通知，并于 2025 年 6 月 11 日在公司会议室以现场表决的方式召开，会议应到董事七人，实到董事七人。会 议由董事长李良先生主持，公司高级管理人员列席了本次会议。本次会议的召集、 召开和表决程序符合《公司法》、《证券法》等有关法律法规和公司章程的规定。 会议审议并一致通过了如下决议： 1、审议《关于选举李良先生为公司董事长的议案》 表决结果：7 票同意，0 票弃权，0 票反对。 2、审议《关于选举蔡琦女士为公司副董事长的议案》 表决结果：7 票同意，0 票弃权，0 票反对。 5、审议《关于选举公司董事会薪酬与考核委员会委员及主任委员的议案》 薪酬与考核委员会由独立董事刘建玲、独立董事康金龙、董事吴学成 3 ...