新五丰（600975）(600975.SH)公告，公司2025年11月销售生猪数量57.55万头，其中：销售商品猪33.83 万头。 ...

人民财讯12月9日电，新五丰（600975）12月9日公告，2025年11月公司销售生猪数量57.55万头，同比 增长80.97%，商品猪销价11.53元/公斤。 ...

Core Viewpoint - Hunan New Wufeng Co., Ltd. is navigating the challenges of the pig cycle through flexible breeding models and refined management, achieving profitability despite industry pressures [1] Financial Performance - In the first half of the year, the company achieved a net profit of 45.23 million yuan, successfully turning a profit [1] - Revenue for the first three quarters increased by 2.27% year-on-year to 5.39 billion yuan, with pig output reaching 3.5555 million heads, a 14% increase [1] - As of the end of the third quarter, the company had cash reserves of 1.076 billion yuan, providing a buffer against industry fluctuations [1] Business Strategy - The company employs a "light asset expansion" dual-path strategy, focusing on leasing pig farms for self-breeding and deepening the "company + farmer" model [1][4] - This strategy has led to improved survival rates and cost control in pig weight gain, optimizing development quality and reducing costs [1] Operational Efficiency - The company has established a high-quality production operation system, emphasizing the internal quality and structure of capacity over mere scale expansion [2] - The "company + farmer" model has seen a significant increase in cooperative stock from 425,000 heads at the end of 2024 to 690,000 heads by mid-2025, with over 30% of total pig output coming from this model, a 225% year-on-year increase [4][5] Cost Management - The survival rate of pigs in the contract farming department reached 96%, surpassing self-breeding levels, with a reduction in weight gain costs by 0.6 to 1 yuan per kilogram compared to self-breeding [5] - The company has implemented various measures for cost control, including scientific planning of farm sizes and optimizing sow structures [6][5] Technological Innovation - The company invested 133 million yuan in R&D in the first three quarters, focusing on disease prevention and high-efficiency breeding techniques [8] - It has established several national-level disease-free zones and is actively involved in breeding new pig strains [8][10] Environmental Sustainability - The company integrates green farming concepts into its operations, ensuring compliance with environmental regulations and utilizing pig waste for agricultural benefits [9] - A partnership with a French pig company aims to enhance breeding performance and reduce costs through advanced technologies [9][10] Market Position - New Wufeng has secured 6.5 billion yuan in low-cost bank credit, strengthening its financial position during industry adjustments [12] - The market response is mixed, with some analysts optimistic about the company's model advantages, while others remain cautious due to uncertainties in pig prices [12] Competitive Advantage - The company is building core competitiveness through light asset expansion, cost control, and industry chain collaboration, positioning itself well for future growth [13]

Core Insights - The report anticipates a significant reversal in the livestock cycle, particularly recommending Hong Kong-listed dairy farming stocks [1][12] - The monthly recommended portfolio includes YouRan Agriculture, Modern Farming, and Muyuan Foods, which are expected to benefit from the livestock cycle recovery [1][3] - The report highlights the expected upward trend in domestic beef and milk prices, suggesting a strong recovery in the performance of livestock companies [1][14] Livestock Sector - The livestock sector is projected to experience a major turnaround, with a focus on dairy farming stocks such as YouRan Agriculture and Modern Farming [1][14] - The report indicates that the domestic beef and milk markets are likely to see a price rebound, driven by a reduction in production capacity and improved demand dynamics [1][14] - The anticipated "meat-milk resonance" is expected to enhance profitability for dairy farming companies, with significant earnings recovery potential [1][14] Swine Sector - The swine sector is expected to see a gradual recovery in prices, with leading companies like Huazhong and Muyuan Foods positioned to benefit from valuation corrections [1][14] - The report notes that the cash flow of leading swine companies is improving, which may lead to higher dividend payouts in the future [1][15] - The current market conditions suggest that the swine industry is stabilizing, with a focus on maintaining reasonable breeding levels [22] Poultry Sector - The poultry sector is experiencing a slight increase in supply, with expectations for demand recovery to support price stabilization [24] - The report highlights that the white-feathered chicken market is showing signs of recovery, with prices expected to improve as the consumption season approaches [24] - Leading poultry companies are anticipated to maintain strong profitability amid changing supply dynamics [24] Pet Industry - The pet industry is identified as a promising growth area, with domestic brands gaining traction and expected to benefit from rising consumer sentiment [1][16] - The report emphasizes the potential for local pet food brands to capture market share, particularly in the high-end segment [1][16] - The performance of leading pet food companies is projected to remain strong, driven by product upgrades and direct sales strategies [20] Feed Sector - The feed sector is expected to benefit from deeper industrialization in livestock farming, with leading companies leveraging technological and service advantages [1][14] - The report indicates that feed prices are at historical lows, providing a strong cost support for livestock producers [1][14] - The anticipated tightening of supply-demand balance in the feed market is expected to lead to gradual price recovery [1][14] Agricultural Products - The report tracks agricultural product prices, noting that the price of live pigs was 11.25 yuan/kg at the end of November, down 10% month-on-month, while the price of 7kg piglets increased by 18% [2][22] - The report also highlights that corn prices have increased by 4% month-on-month, indicating a potential bottoming out in the market [2][22] - The overall agricultural sector is showing resilience, with the SW Agricultural Index outperforming the broader market [2][22]

证券代码：600975 证券简称：新五丰 公告编号：2025-060 湖南新五丰股份有限公司 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 12 月 1 日 (二)股东会召开的地点：湖南省长沙市五一西路 2 号"第一大道"19 楼会议室 (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： | 1、出席会议的股东和代理人人数 | 560 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 563,207,458 | | 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（%） | 45.0687 | (四)表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 会议召开及表决方式符合《公司法》、《公司章程》及其他法律法规的规定，公司 董事长万其见先生因工作原因无法主持本次会议，根据《公司章程》规 ...

湖南启元律师事务所 关于湖南新五丰股份有限公司 2025年第一次临时股东会的 法律意见书 二零二五年十二月一日 致：湖南新五丰股份有限公司 湖南启元律师事务所接受湖南新五丰股份有限公司（以下简称"公司"）的 委托，指派本所律师出席了公司 2025 年第一次临时股东会（以下简称"本次股东 会"），对本次股东会的召集和召开程序、出席会议人员及召集人的资格、表决程 序和表决结果的合法有效性进行现场律师见证，并发表本法律意见。 本所根据《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》"）》和《上市公司股东会规则》等法律、法 规和规范性文件以及《湖南新五丰股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所指派律师声明如下： （一）本所根据本法律意见书出具日以前已经发生或者存在的事实，严格履 行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保证 本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准确， 不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 （二）本所出具本 ...

证券代码：600975 证券简称：新五丰 公告编号：2025-059 湖南新五丰股份有限公司 关于召开 2025 年第一次临时股东会的提示性公告 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。 湖南新五丰股份有限公司（以下简称"公司"）已于2025年11月15日在上海 证券交易所网站（www.sse.com.cn）刊登了《湖南新五丰股份有限公司关于召开 2025年第一次临时股东会的通知》（公告编号：2025-058），公司定于2025年12 月1日召开公司2025第一次临时股东会，本次股东会采用现场投票和网络投票相 结合的方式，现发布公司2025年第一次临时股东会的提示性公告。 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 年第一次临时股东会 （二）股东会召集人：董事会 （三）投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的 方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2025 年 12 月 1 日 9 点 召开地点：湖南省长沙市五一西路 2 号"第一大道"19 楼 ...

会议资料目录 湖南新五丰股份有限公司 2025 年第一次临时股东会会议资料 湖南新五丰股份有限公司 二 0 二五年十二月 湖南新五丰股份有限公司 2025 年第一次临时股东会会议资料 湖南新五丰股份有限公司 2025 年第一次临时股东会 | 编号 | | | | | | | | 资料名称 | | | | | | | | | | | | | | .页码 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 一、湖南新五丰股份有限公司 2025 | | | | | | | | | | | 年第一次临时股东会会议议程及有关事项 2 | | | | | | | | | | | | | | | 二、股东会会议议事规则及议案表决办法 4 | | | | | | | | | | | | | | | | | | | | | | | | | | 三 、 关 于 变 ...

0:00 / 1:27 新华社开普敦11月9日电 通讯｜授人以渔 造福民生——探访中企南非德阿风电项目 新华社记者王雷 代贺 韩旭 南非立法首都开普敦东北约750公里的北开普省小镇德阿附近，坐落着一片由大型风力发电机组成的"白桦林"。风机叶片转动时发出沉稳的嗡鸣， 仿佛广袤大地的呼吸。南半球春季的阳光下，风机的影子被拉得很长，在德阿风电项目的草地上缓慢移动。 作为中非共建"一带一路"合作的标志性成果，德阿风电项目于2017年由中国国家能源集团龙源电力南非公司建成投运，总投资约25亿元人民币， 总装机容量244.5兆瓦，是中国发电企业在非洲第一个集投资、建设、运营为一体的风电项目，也是南非已投产的规模最大的风力发电项目。 在距离风电场不远的变电站内，当地员工克索拉尼·陶特和达斯温·巴松正向中方技术人员请教工作中遇到的问题。31岁的陶特主动向来访的新华社 记者介绍龙源南非公司和德阿风电项目，眼中闪烁着光芒。"龙源在许多方面改变了我的人生，"陶特说，"我为龙源在德阿所做的一切感到骄 傲。" 在风力资源充沛的北开普省，德阿风电项目163台1.5兆瓦风机已然成为南非绿色能源版图新地标。项目每年向南非电网输送约7.7亿千 ...

Core Viewpoint - The company, Hunan Xinwufeng Co., Ltd., is changing its accounting firm from Tianjian Accounting Firm to Shanghui Accounting Firm for the 2025 fiscal year due to the former's prolonged service exceeding the regulatory limit [2][8]. Group 1: Change of Accounting Firm - The new accounting firm to be appointed is Shanghui Accounting Firm (Special General Partnership) [2]. - The previous accounting firm was Tianjian Accounting Firm (Special General Partnership) [2]. - The change is necessitated by the regulatory requirement that limits the tenure of accounting firms for state-owned enterprises and listed companies [8]. - The company has communicated with both the outgoing and incoming firms, confirming that there are no objections to the change [9]. Group 2: Details of the New Accounting Firm - Shanghui Accounting Firm has accumulated a professional risk fund of 0 billion RMB and has a total insurance compensation limit exceeding 1 billion RMB [3]. - In the past three years, Shanghui Accounting Firm has not been found liable for any civil lawsuits due to its professional conduct [3]. - The firm has received one administrative penalty and seven supervisory measures in the last three years, with no criminal penalties [4]. Group 3: Audit Fees - The audit fee for the 2025 fiscal year is set at 1.18 million RMB (including tax), which is a reduction of 170,000 RMB (12.59%) from the previous year's fee of 1.35 million RMB [6]. Group 4: Board and Committee Approvals - The Audit Committee approved the proposal to change the accounting firm with a unanimous vote of 3 in favor and none against [10]. - The Board of Directors also approved the proposal with a unanimous vote of 7 in favor [11]. - The change will take effect upon approval by the company's first extraordinary general meeting in 2025 [12].