| 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | | 二、募集资金专户开立情况 （一）募集资金管理情况 为规范公司募集资金管理，保护投资者的权益，根据中国证监会《上市公司 监管指引第 2 号—上市公司募集资金管理和使用的监管要求》、《上海证券交易 所上市公司自律监管指引第 1 号——规范运作》等法律、法规及公司《募集资金 管理制度》的规定，2022 年 5 月 6 日，本公司会同本次保荐机构华西证券股份 有限公司上海证券承销保荐分公司与乐山市商业银行股份有限公司成都自贸区 支行签署了《募集资金专户存储三方监管协议》，具体内容详见公司于 2022 年 5 月 7 日在上海证券交易所网站披露的《乐山巨星农牧股份有限公司关于签订公 开发行可转换公司债券募集资金专户存储三方监管协议的公告》（公告编号： 2022-035）。 1 乐山巨星农牧股份有限公司 关于公开发行可转换公司债券募集资金部分专户销户的公告 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 ...

Group 1 - Since 2025, the price of live pigs has remained below 15 yuan/kg, with August sales prices mostly fluctuating between 13 yuan/kg and 14 yuan/kg, indicating a stabilization in prices [1] - Leading companies like Muyuan Foods are focusing on technological innovation and management optimization, achieving a gradual decrease in breeding costs in the first half of the year [1] - New Hope Liuhe reported that in July, the complete breeding cost for its western and central teams dropped to around 12 yuan/kg, with some areas even below this threshold, highlighting their focus on feed and pig industries [1] Group 2 - Juxing Agriculture has maintained a focus on pig breeding, with a breeding cost of approximately 6.16 yuan/jin in the first half of 2025, emphasizing innovation in key technologies [2] - The industry is experiencing increasing differentiation, with cost control and supply chain extension becoming effective strategies for leading companies to enhance competitiveness [2] - As of the end of July, the national breeding sow inventory was 40.42 million heads, slightly above the normal level, indicating ongoing adjustments in supply and demand dynamics [2] Group 3 - Research from Shengan Securities suggests that policy guidance may lead to capacity reduction and a positive impact on pig prices due to upcoming demand peaks during festivals and the Spring Festival [3] - The industry is expected to rely more on efficiency improvements rather than incremental expansion, with government focus on sow inventory to prevent supply-demand imbalances [3] - Leading companies' scale and technological advantages are crucial for driving high-quality industry development, with production management optimization and cost reduction being key factors for profitability [3]

Market Overview - The aquaculture sector experienced a decline of 2.56% on September 18, with Lihua Co. leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] Stock Performance - Lihua Co. (300761) saw a significant drop of 4.71%, closing at 22.68 with a trading volume of 177,900 shares and a turnover of 411 million yuan [2] - Other notable declines included New Hope (000876) down 1.68% to 9.97 yuan, and Xiangjia Co. (002982) down 1.90% to 14.99 yuan [1][2] - The total net outflow of main funds in the aquaculture sector was 654 million yuan, while retail investors saw a net inflow of 615 million yuan [2][3] Fund Flow Analysis - The main funds showed a net outflow from several companies, including Jingji Zhinong (000048) with a net outflow of 61.41 million yuan [3] - Retail investors contributed positively to the sector, with significant inflows into companies like Huaying Agriculture (002321) and Xiantan Co. (002746) [3] - The overall fund flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remain active [2][3]

Group 1 - The A-share market for pork stocks has weakened, with several companies experiencing significant declines in their stock prices [1] - Bangji Technology saw a drop of over 8%, while Tianyu Biological fell over 6%, and Jinxinnong decreased by over 4% [1] - Other notable declines include Haida Group down over 3%, Longda Meishi and Dayu Biological both down over 2%, and Muyuan Foods down over 2% as well [1] Group 2 - Bangji Technology's market capitalization is 4.777 billion, with a year-to-date increase of 183.41% despite the recent decline of 8.45% [2] - Tianyu Biological has a market cap of 2.707 billion, with a year-to-date increase of 15.90%, experiencing a decline of 6.23% [2] - Jinxinnong's market capitalization stands at 3.937 billion, with a year-to-date increase of 23.17%, and a recent drop of 4.12% [2] - Haida Group has a market cap of 106.9 billion, with a year-to-date increase of 33.54%, and a decline of 3.19% [2] - Longda Meishi's market cap is 6.313 billion, with a year-to-date decrease of 26.14%, and a recent decline of 2.99% [2] - Dayu Biological has a market cap of 1.192 billion, with a year-to-date increase of 90.39%, and a decline of 2.90% [2] - Muyuan Foods has a market cap of 307 billion, with a year-to-date increase of 48.15%, and a decline of 2.02% [2]

Meeting Overview - The second extraordinary general meeting of shareholders was held on September 15, 2025, at the Jia Yu Financial Technology Center in Chengdu, Sichuan Province [2] - All 9 current directors and 3 supervisors attended the meeting, along with the board secretary and other senior executives [2][3][4] Resolutions Passed - The proposal to abolish the supervisory board and amend the company's articles of association was approved [5] - Several related institutional amendments were also approved, including: - Revision of the "Rules of Procedure for Shareholders' Meetings" [5] - Revision of the "Rules of Procedure for Board Meetings" [6] - Approval of the "Independent Director Work Guidelines" [6] - Approval of the "External Guarantee Management System" [6] - Approval of the "Related Party Transaction Management System" [6] - Approval of the "Major Business and Investment Decision Management System" [6] - Approval of the "Fundraising Management System" [6] Legal Verification - The meeting was witnessed by Beijing Guofeng Law Firm, with lawyers confirming that the meeting's procedures complied with relevant laws and regulations [7]

Group 1 - The poultry concept index rose by 1.80%, ranking fifth among concept sectors, with 19 stocks increasing in value, led by Tiankang Biological, Lihua Shares, and Huaton Shares, which rose by 8.20%, 7.25%, and 4.88% respectively [1] - The poultry sector saw a net inflow of 236 million yuan, with 15 stocks receiving net inflows, and 5 stocks exceeding 10 million yuan in net inflow, with Wens Foodstuffs leading at 186 million yuan [2][3] - The top net inflow ratios were recorded by Wens Foodstuffs at 9.12%, Huaying Agriculture at 5.31%, and Juxing Agriculture at 4.96% [3] Group 2 - The poultry sector's performance was notable, with a significant number of stocks showing positive movement, while some stocks like Huaying Agriculture and Shuanghui Development experienced declines of 1.03% and 0.51% respectively [1][2] - The trading volume and turnover rates for leading stocks in the poultry sector indicate strong investor interest, with Wens Foodstuffs having a turnover rate of 1.73% and Tiankang Biological at 10.72% [3][4] - The overall market sentiment for the poultry sector appears positive, as indicated by the net inflow of funds and the performance of key stocks [2][3]

| 证券代码：603477 | 证券简称：巨星农牧 公告编号：2025-087 | | --- | --- | | 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 2025年第二次临时股东大会决议公告 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。 (四) 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9人。 二、 议案审议情况 (一)非累积投票议案 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 (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 | 258 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 275,903,546 | | 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（%） | 56.5668 | (一) 股东大会召开的时间：2025 年 9 月 15 日 (二) 股东大会召开的地点：四川省成都市高新区名都路 166 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于乐山巨星农牧股份有限公司 2025 年第二次临时股东大会的 法律意见书 国枫律股字[2025] A0446号 致：乐山巨星农牧股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2025 年第二次临时股东大会（以下简称"本次会议"）。 本所律师根据《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》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律 业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法 律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《乐山巨星农牧股份 有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、 召集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本 ...

Group 1: Swine Industry - The average selling price of external three-yuan pigs in China on September 14 was 13.27 yuan/kg, a week-on-week decrease of 2.5% [1] - The average selling price of weaned piglets was 294 yuan/head, down 29 yuan/head week-on-week, marking a new low for the year [1] - The average selling price of two-yuan sows was 1595 yuan/head, down 1 yuan/head week-on-week, also a new low for the year [1] - The weak prices of piglets and sows reflect the industry's pessimistic expectations for pig prices in 2026 [1] - The expectation of upgraded capacity regulation in the industry is gaining traction, emphasizing the importance of the "anti-involution" process [2] - The industry is expected to enter a phase of stable and high-quality development, with improved profitability for leading pig companies [2] Group 2: Poultry Industry - The average selling price of white feather broiler chicks was 3.26 yuan/chick, down 1.21% week-on-week [3] - The average selling price of white feather broiler meat was 3.45 yuan/kg, down 1.15% week-on-week [3] - The average selling price of chicken meat cuts was 8687.95 yuan/ton, down 0.09% week-on-week [3] - The seasonal rebound in July-August has ended, with continued ample supply of white chickens expected to be a theme for 2025 [3] - The average selling price of Qingjiao Ma chicken was 5.75 yuan, down 0.3% week-on-week, maintaining a high level for the year [3] - The industry turned profitable in August, with further profit increases expected in September, suggesting a focus on companies' third-quarter performance [3] Group 3: Pet Food Industry - The total sales of pet food on platforms like Tmall, JD, and Douyin in August reached 2.34 billion yuan, a year-on-year increase of 8% and a month-on-month increase of 19% [4] - Cumulative sales from January to August 2025 reached 19.21 billion yuan, a year-on-year increase of 11% [4] - Leading domestic brands showed significant growth, with Blue's, Honest Bite, and Fresh Lang increasing by 42%, 33%, and 27% year-on-year, respectively [4] - Overseas leading brands also saw growth, with Pro Plan, Royal Canin, and Orijen increasing by 45%, 28%, and 17% year-on-year, respectively [4]

Core Viewpoint - The company, Juxing Agriculture and Animal Husbandry, announced that it has no guarantees for its controlling shareholders, actual controllers, or their affiliates, and there are no overdue guarantees from the company or its subsidiaries [2] Summary by Relevant Sections - **Company Guarantees** - Juxing Agriculture and Animal Husbandry confirmed that it does not have any guarantees for its controlling shareholders and actual controllers [2] - The company and its subsidiaries do not have any overdue guarantees [2]