江苏新高的律师事务所 2025 年第四次临时股东会的 见证法律意见书 地址: 南京市秦淮区龙蟠中路 419 号人保（南京）金融大厦 A 座 9、10 楼 电话: （025）84715285 传真: （025）84703306 邮编: 210001 江苏新窗的律师事务所 关于江苏省农垦农业发展股份有限公 2025 年第四次临时股东会的见证法律总见 江苏新高的律师事务所 关于江苏省农垦农业发展股份有限公司 2025 年第四次临时股东会的见证法律意见书 关于 江苏省农垦农业发展股份有限公司 苏高律股字[2025]第[0901]号 致:江苏省农垦农业发展股份有限公司 江苏新高的律师事务所(以下简称"本所")接受江苏省农垦农业发展股份 有限公司(以下简称"公司")委托,指派姜茜、张玫律师(以下简称"本所律 师"）出席公司 2025年第四次临时股东会（以下简称"本次股东会"）,就本 次股东会的合法性进行见证并出具法律意见书。 本法律意见书依据《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"《规则》"）等相关法律、法规和规范性文件 ...

证券代码：601952 证券简称：苏垦农发 公告编号：2025-055 江苏省农垦农业发展股份有限公司 关于非独立董事辞职暨选举职工代表董事的公告 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。 一、董事离任情况 （一）提前离任的基本情况 为进一步优化公司法人治理结构，江苏省农垦农业发展股份有限公司（以下 简称"公司"或"苏垦农发"）于 2025 年 8 月 20 日召开第五届董事会第十次会 议和第五届监事会第五次会议，于 2025 年 9 月 8 日召开 2025 年第四次临时股 东会，分别审议通过了《关于修订公司章程的议案》和《关于取消监事会的议案》。 出于对公司治理结构优化工作的支持，董事袁晓斌先生申请辞去公司第五届董事 会董事职务，公司董事会于 2025 年 9 月 8 日收到董事袁晓斌先生递交的书面辞 职报告。辞职后，袁晓斌先生在公司继续担任财务总监职务。 | 姓名 | 离任 | 离任时间 | | 原定任期 | 是否继续在上 离任 市公司及其控 | 具体职务 | 是否存在 未履行完 | | --- | --- | - ...

证券代码：601952 证券简称：苏垦农发 公告编号：2025-054 江苏省农垦农业发展股份有限公司 2025年第四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： (一) 股东会召开的时间：2025 年 9 月 8 日 (二) 股东会召开的地点：南京市建邺区恒山路 136 号苏垦大厦 12 楼 1208 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： 程的规定。 一、 会议召开和出席情况 2、 公司在任监事5人，出席5人； | 1、出席会议的股东和代理人人数 | 543 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 963,650,099 | | 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（%） | 69.9310 | 3、 董事兼总经理丁涛、董事兼财务总监袁晓斌、董事会秘书李政出席了本次会 议；副总经理朱江胜、周义东、徐启来列席了本次会议。 (四) 表决方式是否符合公司法及公 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002772 | 众兴菌业 | 7.93 | -0.63% | 5.48万 | 4325.67万 | | 002215 | 诺普信 | 12.10 | -0.58% | 26.72万 | 3.22 乙 | | 600108 | 亚盛集团 | 2.96 | -0.34% | 34.33万 | 1.01亿 | | 600540 | 新赛股份 | 4.75 | -0.21% | 12.44万 | 5869.92万 | | 600354 | 敦煌种业 | 6.41 | -0.16% | 22.76万 | 1.44亿 | | 300511 | 雪榕生物 | 6.00 | 0.00% | 18.71万 | 1.11亿 | | 002041 | 三星期期 | 9.64 | 0.00% | 7.27万 | 6981.63万 | | 600313 | 农发种业 | 6.37 | 0.16% | 20.33万 | 1.29亿 | | 300189 | 神农种业 | 4 ...

第五届董事会第十一次会议决议公告 证券代码：601952 证券简称：苏垦农发 公告编号：2025-053 江苏省农垦农业发展股份有限公司 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。 一、董事会会议召开情况 江苏省农垦农业发展股份有限公司（以下简称"公司"）第五届董事会第十一 次会议通知及议案于 2025 年 8 月 29 日以专人送达或微信方式发出。本次会议由 公司董事长邓国新召集并主持，于 2025 年 9 月 3 日以通讯方式召开。本次会议 应出席董事 9 名，实际出席董事 9 名。本次会议的通知、召开及表决程序符合公 司法、公司章程及董事会议事规则的相关规定。 二、董事会会议审议情况 本次会议审议通过《关于公司 2025 年度投资计划中期调整的议案》。 经审议，同意对 2025 年度投资计划进行中期调整。调整后，公司及下属单 位 2025 年固定资产投资计划总投资额由 10.10 亿元调整为 9.45 亿元；本年计划 投资额由 6.39 亿元调整为 6.03 亿元。金融资产投资计划中原金太阳粮油股份有 限公司的豆油和 ...

Group 1 - The core point of the article is that Suqian Agricultural Development announced the approval of the mid-term adjustment of its 2025 investment plan by the 11th meeting of the fifth board of directors [2]

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。 一、董事会会议召开情况 江苏省农垦农业发展股份有限公司（以下简称"公司"）第五届董事会第十一 次会议通知及议案于 2025 年 8 月 29 日以专人送达或微信方式发出。本次会议由 公司董事长邓国新召集并主持，于 2025 年 9 月 3 日以通讯方式召开。本次会议 应出席董事 9 名，实际出席董事 9 名。本次会议的通知、召开及表决程序符合公 司法、公司章程及董事会议事规则的相关规定。 二、董事会会议审议情况 本次会议审议通过《关于公司 2025 年度投资计划中期调整的议案》。 经审议，同意对 2025 年度投资计划进行中期调整。调整后，公司及下属单 位 2025 年固定资产投资计划总投资额由 10.10 亿元调整为 9.45 亿元；本年计划 投资额由 6.39 亿元调整为 6.03 亿元。金融资产投资计划中原金太阳粮油股份有 限公司的豆油和菜油期货套期保值数量与江苏金垦油脂科技有限公司共用，其他 金融资产投资计划不作调整。股权投资计划不作调整。 证券代码：601952 证券简 ...

Market Overview - The planting industry sector experienced a decline of 1.92% on September 3, with Kangnong Seed Industry leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Individual Stock Performance - Kangnong Seed Industry (837403) closed at 26.42, down 10.74% with a trading volume of 93,300 shares and a transaction value of 271 million yuan [1] - Qiule Seed Industry (831087) closed at 17.00, down 6.54% with a trading volume of 95,500 shares and a transaction value of 169 million yuan [1] - Shennong Seed Industry (300189) closed at 4.81, down 4.94% with a trading volume of 1.614 million shares and a transaction value of 800 million yuan [1] - Other notable declines include: - Quanyin High-Tech (300087) down 3.75% - Xuecheng Biological (300511) down 3.51% [1] Capital Flow Analysis - The planting industry sector saw a net outflow of 378 million yuan from institutional investors, while retail investors contributed a net inflow of 208 million yuan [1] - The following stocks had significant capital flows: - Honghui Fruits and Vegetables (603336) saw a net inflow of 9.33 million yuan from institutional investors [2] - New Agricultural Development (600359) had a net inflow of 289.78 million yuan from institutional investors [2] - Wanxiang Denong (600371) experienced a net outflow of 297.60 million yuan from institutional investors but a net inflow of 285.48 million yuan from retail investors [2]

Core Viewpoint - Su Keng Agricultural Development (601952.SH) reported a decline in both revenue and net profit for the first half of 2025, continuing a trend of poor performance from 2023 and 2024, primarily due to pressure on agricultural product prices and high costs [3][4]. Financial Performance - In the first half of 2025, the company achieved revenue of 4.588 billion yuan, a year-on-year decrease of 9.26%, compared to a 4.37% decline in the same period last year [4]. - The net profit attributable to shareholders was 213.2 million yuan, down 27.71% year-on-year, contrasting with a 4.84% increase in the previous year [4]. - The decline in revenue was attributed to low and fluctuating agricultural product prices and a general decrease in agricultural input prices, while the profit drop was due to reduced gross margins on key products like rice and wheat [4][5]. Main Business Segments - The main business revenue for the first half of 2025 was 4.533 billion yuan, down 9.13% year-on-year, with only three out of nine major products showing revenue growth [5]. - Significant declines were noted in the sales of agricultural inputs, edible oils, and rice, with respective revenue drops of 30.73%, 17.9%, and 30.72% [5]. - The overall gross margin decreased from 13.11% to 12.03%, and the net profit margin fell from 6.05% to 4.87% [5]. Subsidiary Performance - Six subsidiaries significantly impacting net profit all reported severe declines, with net profits dropping by 46.95% to 73.83% [6]. Investment Projects - The company is currently advancing two major fundraising projects aimed at enhancing seed and rice production capacity, both of which have faced delays [7][8]. - The "Dahua Seed Industry Group Expansion Project" has a total investment of 177.1 million yuan and aims to increase seed processing capacity by 78,500 tons per year, now expected to complete by December 2025 [7]. - The "Su Keng Rice Industry Group Expansion Project" has a planned investment of 448 million yuan, targeting an annual rice production capacity of 250,000 tons, with completion now pushed to July 2026 [8][9]. - Despite internal adjustments to these projects, the overall production capacity for seeds and rice is still expected to increase, although the market environment has changed significantly since the projects were initiated [9].

Investment Rating - The industry is rated as "Buy" [4] Core Insights - In July, the Ministry of Agriculture and Rural Affairs reported a stable yet slightly declining breeding sow inventory at 40.42 million heads, with a significant increase in pig slaughtering volume, reaching 31.66 million heads, a month-on-month increase of 5.3% and a year-on-year increase of 30.4% [1][3] - The average price of commodity pigs showed a slight rebound to 14.84 yuan/kg in July, with a month-on-month increase of 1.9% but a year-on-year decrease of 21.6% [1] - The overall profitability of the industry remained marginal, with average profits per head for large-scale farms at 21 yuan and for smallholders at 6 yuan [1] Summary by Sections 1. Industry Performance - The agricultural sector outperformed the market, with the agricultural index rising by 2.02% compared to the Shanghai Composite Index's 0.84% increase [13] - The livestock farming sector saw a rise of 4.39%, while other sectors like animal health and fisheries experienced declines [13] 2. Key Data Tracking - The average price of live pigs was reported at 13.66 yuan/kg, down 0.65% week-on-week, while the average price of piglets was 27.14 yuan/kg, down 2.3% [22] - The average slaughter weight of pigs decreased to 127.83 kg, with a slight decline of 0.15 kg week-on-week [22] 3. Investment Recommendations - The pig farming sector is expected to enter a long-term profit upcycle, with recommendations for companies such as Muyuan Foods, Wens Foodstuff Group, and Juxing Agriculture [3][68] - The feed and animal health sectors are also highlighted for potential growth, particularly with the recent clinical trials of vaccines [3][68] - The planting chain is recommended for investment due to the upward trend in grain prices, with companies like Suqian Agricultural Development and Beidahuang being noted [3][68] - The pet food sector is experiencing growth, with recommendations for companies like Guibao Pet and Zhongchong Co., Ltd. [3][70]