乐山巨星农牧股份有限公司 关于控股股东部分股份质押及解除部分股份质押的 公告 | 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025-123 | | --- | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | | 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: 乐山巨星农牧股份有限公司（以下简称"公司"、"本公司"）控股股 东四川巨星企业集团有限公司（以下简称"巨星集团"）持有公司股份数量为 152,289,646 股，占公司总股本比例为 29.86%；巨星集团及其一致行动人合计持 有公司股份数量为 152,359,646 股，占公司总股本比例为 29.87%。截至本公告 披露日，巨星集团累计质押股份数量为 97,371,000 股，占其持股数量的 63.94%； 巨星集团及其一致行动人累计质押股份数量为 97,371,000 股，占其持股数量的 63.91%。 2025 年 12 月 22 日，公司收到巨星集团关于将其持有的本公司部分股份质 押及解除部分股份 ...

巨星农牧公告称，2025年12月22日收到控股股东巨星集团通知，其12月18日质押1850万股，占所持股份 12.15%、总股本3.63%，用途为自身生产经营；12月19日解除质押1850万股，占比相同，暂无后续质押 计划。截至公告披露日，巨星集团累计质押9737.1万股，占其持股63.94%；巨星集团及其一致行动人累 计质押9737.1万股，占其持股63.91%。目前质押风险可控，不存在平仓风险。 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Views - The report indicates that the pig price is supported by both supply and demand factors as the year-end approaches, with expectations for an upward trend in prices before the Spring Festival [3][4] - The report highlights that the pig farming sector is experiencing losses, which may accelerate the reduction of stock, while the pet sector is seeing a rise in domestic brands due to consumption upgrades and tariff barriers [5][29] Summary by Sections Weekly Observation - As of December 21, 2025, the national average price of live pigs is 11.41 yuan/kg, with a week-on-week decrease of 0.15 yuan/kg and a year-on-year decrease of 3.71 yuan/kg [3][13] - The average weight of pigs sold is 130.18 kg per head, with a week-on-week increase of 0.55 kg [3][13] - The supply of pork may be tight leading up to the Spring Festival, with expectations for prices to rise [3][13] Weekly Insights - The pig farming sector is facing increasing losses, and the reduction of stock may accelerate due to various factors including policy and disease [5][24] - Recommendations include companies such as Muyuan Foods, Wens Foodstuff Group, and others in the pig farming sector [5][24] Market Performance (December 15-19) - The agricultural index increased by 0.87%, outperforming the market by 0.84 percentage points [6][30] - Leading stocks include Zhongxing Junye (+18.42%), Xibu Muye (+14.64%), and Xiwang Food (+13.84%) [6][30] Price Tracking (December 15-19) - The average price of live pigs is 11.58 yuan/kg, with a week-on-week increase of 0.10 yuan/kg [7][37] - The average price of piglets is 19.02 yuan/kg, with a slight decrease of 0.02 yuan/kg [7][37] - The average price of white feathered chickens is 7.35 yuan/kg, with a week-on-week increase of 0.27 yuan/kg [7][37] Key News (December 15-19) - The Ministry of Commerce announced anti-dumping duties on imported pork and related products from the EU starting December 17, 2025 [35]

2025 年 12 月 19 日，公司收到和邦集团关于将其持有本公司的部分股份解 除质押及部分股份质押的通知，现将相关情况公告如下： | 股东名称 | 四川和邦投资集团有限公司 | | --- | --- | | 本次解质股份 | 35,500,000 股 | | 占所持股份比例 | 52.17% | | 占公司总股本比例 | 6.96% | | 解质时间 | 2025 年 12 月 17 日 | | 持股数量 | 68,048,102 股 | | 持股比例 | 13.34% | | 剩余被质押股份数量 | 6,000,000 股 | | 剩余被质押股份数量占其所持股份比例 | 8.82% | | 剩余被质押股份数量占公司总股本比例 | 1.18% | 一、本次股份解质的基本情况 本次解除质押股份暂无后续质押计划。未来如有变化，公司将根据实际情况 及时履行信息披露义务。 | 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025-122 | | --- | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | | 乐山巨星农牧股份有限公司 关于5%以上股东部分股份解除 ...

巨星农牧公告，股东四川和邦投资集团有限公司持有公司6804.81万股，持股比例13.34%。2025年12月 17日，和邦集团解除质押3550万股，占其持股数量的52.17%，占公司总股本的6.96%。解除质押后，和 邦集团及其一致行动人累计质押股份数量为4150万股，占其持股数量的52.17%。 ...

人民财讯12月19日电，12月19日，胡润研究院发布《2025胡润中国食品行业百强榜》，安德利果汁、优 然牧业、中国食品、巨星农牧、椰树、京基智农、五得利面粉、现代牧业等8家企业新进入榜单。 转自：证券时报 ...

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。 乐山巨星农牧股份有限公司（以下简称"公司"）于 2025 年 12 月 16 日披 露了《乐山巨星农牧股份有限公司第五届董事会第三次会议决议公告》《乐山巨 星农牧股份有限公司关于不向下修正"巨星转债"转股价格的公告》（公告编号： 2025-118、2025-119），公司在复核前述公告时发现部分内容列示有误，现将相 关内容更正如下： 更正前： "二、会议审议情况 （一）审议通过了《关于不向下修正公司可转债转股价格的议案》 ...... 同时在未来一个月内（即 2025 年 12 月 16 日至 2025 年 1 月 15 日），公司 股价如再次触发"巨星转债"转股价格向下修正条款的，亦不提出向下修正方案。 在此期间之后（即从 2025 年 1 月 16 日起计算），若再次触发"巨星转债"转股 价格的向下修正条款，届时公司董事会将再次召开会议决定是否行使"巨星转债" 转股价格的向下修正权利。 ......" | 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025 ...

| 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025-120 | | --- | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | | 乐山巨星农牧股份有限公司 关于控股股东部分股份解除质押及部分股份质押的 公告 1、本次股份质押基本情况 | | 是否 | | 是否 | 是否 | 质押 | | | 占其所 | 占公 司总 | 质押融 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 为控 | 本次质押股 | 为限 | 补充 | 起始 | 质押到 | 质权人 | 持股份 | 股本 | 资资金 | | 名称 | 股股 | 数（股） | | | | 期日 | | 比例 | | | | | 东 | | 售股 | 质押 | 日 | | | （%） | 比例 | 用途 | | | | | | | | | | | （%） | | | 巨星 | 是 | 7,000,000 | 否 | 否 | 2025 年 12 | 至解除 质押登 | 中国光大 银行股份 | 4.60 | ...

巨星农牧公告，公司控股股东四川巨星企业集团有限公司（巨星集团）于2025年12月15日质押700万 股，占其所持股份比例4.60%，占公司总股本比例1.37%。质押开始日为2025年12月15日，质押用途为 自身生产经营。截至本公告披露日，巨星集团累计质押股份数量为9737.1万股，占其持股数量的 63.94%。 ...

Core Insights - The food and beverage ETF Tianhong (159736) has seen significant trading activity, with a total transaction volume of 26.84 million yuan as of December 15, 2025, and a 0.87% increase in the tracked CSI Food and Beverage Index [1] - The agricultural ETF Tianhong (512620) recorded a turnover of 6.55% and a transaction volume of 21.58 million yuan, with the CSI Agricultural Theme Index rising by 0.67% [1] Group 1: Food and Beverage Sector - The food and beverage ETF Tianhong (159736) has experienced a net inflow of funds for four consecutive days, totaling 42.82 million yuan, with a peak single-day inflow of 19.36 million yuan [1][2] - Key stocks in the food and beverage ETF include leading brands in high-end and mid-range liquor, as well as beverages, dairy, and condiments, with top ten weighted stocks including Moutai, Wuliangye, and Yili [2] - The performance of constituent stocks such as Huanlejia (300997) and Yiyuan Health (605388) has been notable, with increases of 19.98% and 10.04% respectively [1] Group 2: Agricultural Sector - The agricultural ETF Tianhong (512620) has also seen a net inflow of 42.82 million yuan over the past five trading days, indicating strong investor interest [2] - The agricultural ETF tracks the CSI Agricultural Index, selecting 50 stocks with a focus on livestock (41.9%) and agricultural chemicals (17.7%), featuring leading companies like Muyuan and Haida [2] - The agricultural sector is diversifying its portfolio to mitigate cyclical risks, showcasing a strategic approach to investment [2] Group 3: Market Trends and Insights - A recent article emphasizes the importance of expanding domestic demand as a strategic move for economic stability and security, highlighting the need for sustained economic growth [4] - Research breakthroughs in barley seed dormancy mechanisms may provide new pathways for sustainable agricultural systems, addressing future food security challenges [5] - Analysts from China Galaxy Securities note a slight pullback in the food and beverage index due to seasonal sales fluctuations, but maintain a positive outlook for new consumption trends and potential recovery in traditional consumption [6]