证券代码：601952 证券简称：苏垦农发 公告编号：2025-031 江苏省农垦农业发展股份有限公司 第五届监事会第三次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 江苏省农垦农业发展股份有限公司（以下简称"公司"）第五届监事会第三 次会议通知及议案于 2025 年 4 月 21 日上午以专人送达或微信方式发出。本次会 议由公司监事会主席殷红女士主持，于 2025 年 4 月 21 日在公司会议室以现场结 合视频方式召开。本次会议应出席监事 5 名，实际出席监事 5 名。本次会议的通 知、召开及表决程序符合公司法、公司章程及监事会议事规则的相关规定。 经审议，监事会认为：公司编制的《2024 年度财务决算报告》客观、真实 地反映了公司 2024 年度财务状况和经营成果。 表决结果：5 票同意，0 票反对，0 票弃权。 （三）审议通过《2024 年年度报告及摘要》。 二、监事会会议审议情况 本次会议审议了以下议案： （一）审议通过《2024 年度监事会工作报告》。 监事会在 2024 年 ...

证券代码：601952 证券简称：苏垦农发 公告编号：2025-020 江苏省农垦农业发展股份有限公司 第五届董事会第四次会议决议公告 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。 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"）第五届董事会第四 次会议通知及议案于 2025 年 4 月 11 日以专人送达或微信方式发出。本次会议由 公司董事长朱亚东先生主持，于 2025 年 4 月 21 日在公司会议室以现场结合视频 方式召开。本次会议应出席董事 9 名，实际出席董事 9 名，公司监事和高级管理 人员列席会议，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 （二）审议通过《2024 年度董事会工作报告》。 公司董事会严格遵守公司法等法律法规的规定，履行公司章程赋予的各项职 责，遵照股东会确定的各项目标，认真执行股东会审议通过的各项决议，切实保 障了公司持续健康发展，维护了股东的利益。 议案具体内容将在 2024 年年度股东会会议材料中发布。 ...

证券代码：601952 证券简称：苏垦农发 公告编号：2025-025 江苏省农垦农业发展股份有限公司 关于提请股东会授权董事会决定 2025 年度 中期现金分红方案的公告 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。 为健全常态化现金分红机制，提高投资者回报水平，根据《上市公司监管指 引第 3 号——上市公司现金分红》《上海证券交易所股票上市规则》《上市公司自 律监管指引第 1 号——规范运作》及公司章程的有关规定，并结合实际情况，江 苏省农垦农业发展股份有限公司（以下简称"公司"）董事会提请股东会授权董 事会在符合利润分配的前提条件下制定公司 2025 年度中期现金分红方案并在规 定期限内实施，具体情况如下： 一、2025 年度中期现金分红安排 （一）前提条件 公司当期盈利且累计未分配利润为正，现金流可以满足正常经营和持续发展 需求，且符合公司章程规定的其他利润分配条件。 （二）分红上限 1. 关于提请股东会授权董事会决定 2025 年度中期现金分红方案事项尚需提 交公司 2024 年年度股东会审议，且需满足当期分红条件 ...

江苏省农垦农业发展股份有限公司 关于 2024 年度利润分配预案的公告 公司拟向全体股东每10股派发现金红利2.1元（含税）。截至2024年12月31 日，公司总股本1,378,000,000股，以此计算合计拟派发现金红利289,380,000元（含 税）。本年度公司现金分红（包括中期已分配的现金红利）总额372,060,000元， 占本年度归属于上市公司股东净利润（合并口径）的50.96%。 如在本公告披露之日起至实施权益分派股权登记日期间，公司总股本发生变 证券代码：601952 证券简称：苏垦农发 公告编号：2025-021 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、利润分配预案内容 （一）利润分配预案的具体内容 经中兴华会计师事务所（特殊普通合伙）审计，截至2024年12月31日，公司 母公司报表中期末未分配利润为人民币1,534,117,190.30元。公司已于2024年10 月实施2024年半年度利润分配，采用现金分红的方式向股东派发现金股利 82,680,000元（含税）。综合考虑公司2 ...

Financial Performance - The company's operating revenue for 2024 was CNY 10,917,381,340.32, a decrease of 10.28% compared to CNY 12,168,058,597.71 in 2023[26]. - The net profit attributable to shareholders for 2024 was CNY 730,052,456.74, down 10.56% from CNY 816,204,813.47 in 2023[26]. - The net cash flow from operating activities decreased by 36.41% to CNY 1,467,817,281.01 in 2024 from CNY 2,308,282,706.89 in 2023[26]. - The basic earnings per share for 2024 was CNY 0.53, a decline of 10.17% from CNY 0.59 in 2023[27]. - The weighted average return on equity decreased by 1.92 percentage points to 10.85% in 2024 from 12.77% in 2023[27]. - The total assets at the end of 2024 were CNY 14,415,326,764.59, a slight decrease of 0.08% compared to CNY 14,426,435,446.94 at the end of 2023[26]. - The company achieved consolidated revenue of 10.917 billion yuan and a net profit attributable to shareholders of 730 million yuan during the reporting period[40]. - The company reported non-operating income of CNY 35,349,085.94 from government subsidies in 2024, down from CNY 91,267,298.49 in 2023[31]. - The company’s net profit after deducting non-recurring gains and losses for 2024 was CNY 661,074,273.92, a decrease of 6.18% from CNY 704,614,676.03 in 2023[26]. - The company reported a total of 9.83 billion RMB in fair value changes for financial assets, with a total ending balance of 10.12 billion RMB[106]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 2.1 RMB per 10 shares, totaling 289,380,000 RMB, which represents 50.96% of the net profit attributable to shareholders for the year[8]. - The total cash dividends for 2024, including the interim distribution, will amount to 372,060,000 RMB[8]. - The cumulative cash dividends over the last three fiscal years amounted to ¥1,198,860,000[169]. - The average annual net profit over the last three fiscal years was ¥790,781,255.61, resulting in a cash dividend payout ratio of 151.60%[169]. - The undistributed profits at the end of the most recent fiscal year for the parent company were ¥1,534,117,190.30[169]. Agricultural Production and Services - Total grain and oil crop production reached 2.677 billion jin, with an annual yield of 2,426 jin per mu for rice and wheat in the main production area, meeting the stable production target[40]. - The company sold approximately 500,000 tons of various agricultural seeds during the reporting period, while rice sales reached 319,000 tons[41]. - The company expanded its integrated agricultural service centers to cover over 1.3 million mu, with total grain repurchase amounting to 876 million jin[43]. - The company’s socialized service revenue exceeded 2 billion yuan during the reporting period[41]. - The national grain planting area in 2024 is projected to be 178.979 million mu, a year-on-year increase of 0.3%[47]. - The company operates 136.4 million mu of self-managed farmland, with 40.9 million mu under land transfer arrangements, showing steady growth since summer 2022[62]. Research and Development - Research and development expenses for 2024 are projected to reach 106 million yuan, with 99 new research projects initiated[44]. - The company obtained a total of 3 invention patents, 49 utility model patents, and 4 design patents during the reporting period[79]. - The company has cultivated and approved a total of 89 major crop varieties, obtaining 33 plant variety rights certificates[79]. - The company has established several provincial-level research and development platforms, enhancing its technological capabilities[78]. - The number of R&D personnel is 295, representing 3.58% of the total workforce[98]. Risk Factors - The company has outlined potential risks that may adversely affect its future development strategies and operational goals[10]. - The company faces risks from natural disasters that could significantly impact crop yield and quality, affecting overall performance[116]. - Changes in government subsidy policies, particularly agricultural support and minimum grain purchase prices, could significantly affect the company's profitability and revenue stability[120]. - The increase in accounts receivable and prepaid accounts poses a risk of uncollectibility, which could affect the company's operational efficiency[123]. Corporate Governance - The company has a robust internal control system in place, enhancing the effectiveness of its operations and protecting investor interests[130]. - The board of directors includes independent directors who actively participate in decision-making and oversight, enhancing corporate governance[128]. - The company has implemented a transparent performance evaluation and incentive mechanism for its management team, ensuring accountability and effective governance[129]. - The company has established a complete and independent asset ownership structure, ensuring no violations by controlling shareholders regarding asset occupation or misappropriation[131]. - The company has a comprehensive governance structure that adheres to legal and regulatory requirements, ensuring operational independence[132]. Environmental and Social Responsibility - The company invested ¥4,167,100 in environmental protection during the reporting period[175]. - The company strictly adhered to national and local pollutant discharge standards, with all pollutant discharge concentrations meeting the required standards[176]. - The company actively promotes green development practices, including the reduction of fertilizer usage and the implementation of soil restoration projects[185]. - The company has implemented carbon reduction measures, including improving production efficiency and optimizing crop management, which has led to a reduction in greenhouse gas emissions[188]. Strategic Planning and Future Goals - The company aims to achieve a consolidated revenue of 12 billion RMB and a total profit of 850 million RMB for the year 2025[111]. - The company is focusing on expanding its agricultural services and enhancing brand influence through integrated service platforms[112]. - The company is committed to advancing capital operations, including the development of the wheat processing sector and oil sector projects[113]. - The company is actively responding to the "Belt and Road" initiative to explore new international market opportunities[110].

苏垦农发（601952）公告，2024年营业收入109.17亿元，同比下降10.28%。归属于上市公司股东的净利 润7.3亿元，同比下降10.56%。拟向全体股东每10股派发现金红利2.1元人民币(含税)，共计派发现金红 利2.89亿元(含税)。2024年度公司合计将派发现金红利3.72亿元(含税)，占本年度归属于上市公司股东的 净利润的50.96%。 ...

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 年第二次临时股东会的 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 2025年第二次临时股东会的见证法律! 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 年第二次临时股东会的见证法律意见书 苏高律股字[2025]第[0401]号 本所律师仅对公司本次股东会的召集、召开程序、出席人员资格、表决方式、 表决程序和表决结果是否符合有关法律、法规、规范性文件和《公司章程》的规 定发表意见,并不对会议审议的议案内容以及该等议案所表述的事实或数据的真 实性和准确性发表意见。 本法律意见书仅供公司本次股东会之合法目的使用,不得用作任何其他目 的。 江苏新宿的律师事务所 关于江苏省农屋农业发展股份有限公司 2025 年第二次临时股东会的见证法律危见书 根据相关法律法规的要求,按照律师行业公认的业务标准、道德规范和勤勉 尽责的精神,本所律师对公司所提供的相关文件和有关事实进行了核查和验证, 现 ...

证券代码：601952 证券简称：苏垦农发 公告编号：2025-019 江苏省农垦农业发展股份有限公司 2025年第二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 | 1、出席会议的股东和代理人人数 | 429 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 958,407,895 | | 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（%） | 69.5506 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东会由公司董事会召集，董事长朱亚东因工作原因请假，与会董事一 致同意推举董事兼总经理丁涛主持会议，会议采取现场书面记名投票和网络投票 相结合的方式进行投票表决，表决方式符合《公司法》及《公司章程》的规定。 (五)公司董事、监事和董事会秘书的出席情况 1、公司在任董事9人，出席7人，董事长朱亚东、董事丁怀宇因工作原因未出席； 一、 会议召开和出席情况 ...

Investment Rating - The overall investment rating for the agricultural sector is positive, with expectations of higher returns than the CSI 300 index by over 5% in the next six months [50]. Core Insights - Recent increases in agricultural product prices are expected to continue due to tariff countermeasures, presenting overall investment opportunities in the agricultural sector. Key investment themes include tariff countermeasures, capacity reduction, and low valuations [6][20]. - The livestock industry is experiencing stagnation in production capacity, with valuations at historical lows, indicating long-term investment potential despite potential price fluctuations [6][21]. - The poultry sector, particularly broilers, is anticipated to see price increases due to reduced imports from the U.S. following tariff impositions, alongside a steady recovery in consumer demand [9][22]. - The feed industry is showing resilience, with smaller adjustments compared to other sub-sectors, indicating a stable outlook [26]. Summary by Relevant Sections Livestock Industry - Swine prices are currently at 14.97 CNY/kg, reflecting a slight increase of 0.31 CNY from the previous week. The average weight of slaughtered pigs is 91.46 kg, with a processing plant utilization rate of 34.78% [14][20]. - The profitability for self-breeding farms is reported at 79 CNY per head, with a slight increase in the price of piglets to 40.9 CNY/kg [21]. - The broiler market is seeing a price increase, with the average price for broiler chicks at 3.1 CNY per chick and broiler meat at 3.75 CNY per jin [9][22]. Poultry Industry - The yellow chicken market is experiencing a price recovery, with prices reaching 10.69 CNY/kg, indicating a potential upward trend due to tightening supply [10][23]. - The animal health sector is showing signs of recovery, with increased demand for veterinary products as pig inventories rise [11]. Planting Industry - The seed industry is expected to benefit from improved policy environments, particularly for genetically modified corn and soybeans, which are projected to accelerate in commercialization [12][24]. - Recent increases in grain prices, with corn at 2290 CNY/ton and wheat at 2426 CNY/ton, are attributed to tariff countermeasures against U.S. imports, suggesting further investment opportunities in this sector [13][24]. Industry Data - The agricultural index has seen a decline of 2.14%, underperforming compared to the broader market indices, indicating a need for cautious investment strategies [26].

4月11日，苏垦农发连续3个交易日下跌，区间累计跌幅-7.53%。江苏省农垦农业发展股份有限公司是2011年11月在江苏省农垦集团有限公司种植业资源整合 基础上组建成立的;2012年12月引进战略投资者,完成股份制改造;2017年5月15日在上交所上市,股票简称苏垦农发,股票代码601952。 工银创新动力股票、工银精选平衡混合基金经理分别为杨鑫鑫、吕焱。 简历显示，杨鑫鑫先生:硕士研究生,具有基金从业资格,2008年7月应届进入华安基金管理有限公司,先后担任研究发展部行业研究员、基金投资部基金经理助 理。2013年6月起担任华安核心优选股票型证券投资基金的基金经理。2014年12月起担任华安创新证券投资基金的基金经理。2015年4月起担任华安新丝路主 题股票型证券投资基金的基金经理,2018年加入工银瑞信,现任权益投资部基金经理。2022年8月22日起担任工银瑞信精选平衡混合型证券投资基金基金经理。 | O 基金经理：杨鑫鑫 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 累计任职时间：11年又193天 ...