Company Formation - Donghai County Juxing Animal Husbandry Co., Ltd. has been established with a registered capital of 5 million RMB [1] - The legal representative of the company is Ren Jianming, and it is wholly owned by Leshan Juxing Animal Husbandry Co., Ltd. [1] Business Scope - The company's business scope includes breeding and management of livestock, animal waste treatment, livestock slaughtering, feed production, and technical services [2] - Specific activities require approval from relevant authorities, and the company will operate according to the results of these approvals [2] Corporate Information - The company is classified under the national standard industry of agriculture, forestry, animal husbandry, and fishery, specifically in the livestock breeding sector [2] - The registered address is located at No. 1, Fumin West Road, Tuo Feng Township, Donghai County, Lianyungang City, Jiangsu Province [2]

金融界消息 截至2025年8月19日收盘，巨星农牧（603477）报收于20.87元，上涨0.34%，换手率 2.67%，成交量13.64万手，成交金额2.85亿元。 巨星农牧最新一期业绩显示，截至2025一季报，公司营业总收入16.45亿元、同比增长73.45%，归属净 利润1.30亿元，同比增长193.91%，扣非净利润1.32亿元，同比增长217.81%，流动比率0.814、速动比率 0.209、资产负债率62.88%。 天眼查商业履历信息显示，乐山巨星农牧股份有限公司，成立于2013年，位于乐山市，是一家以从事科 技推广和应用服务业为主的企业。企业注册资本50610.2102万人民币，实缴资本14000万人民币。公司 法定代表人为段利锋。 通过天眼查大数据分析，乐山巨星农牧股份有限公司共对外投资了31家企业，参与招投标项目10次，知 识产权方面有商标信息20条，此外企业还拥有行政许可60个。 来源：金融界 资金流向方面，今日主力资金净流入1180.37万元，占比成交额4.14%。其中，超大单净流出250.95万 元、占成交额0.88%，大单净流入1431.32万元、占成交额5.03%，中单净流出流出3 ...

Investment Rating - The report maintains a "Recommended" rating for the agricultural, forestry, animal husbandry, and fishery industry [5][63]. Core Insights - The report highlights the ongoing recovery in the pig farming sector, the potential for valuation reassessment, and the strong growth in the pet economy, particularly for domestic brands [5][63]. Summary by Sections 1. Swine Industry - The average price of pigs as of August 14, 2025, is 13.74 CNY/kg, with a week-on-week decrease of 0.28 CNY/kg. The price of 15 kg piglets is 484 CNY/head, down 33 CNY/head from the previous week [12]. - The report suggests that the swine industry is moving towards a self-regulatory and stabilizing phase, with top companies like Wens Foodstuffs, Muyuan Foods, and Juxing Agriculture being recommended for investment [12][5]. 2. Poultry Industry - The report notes a decline in poultry prices, with the average price of broiler chickens at 3.60 CNY/kg, remaining stable week-on-week. The report recommends companies like San Nong Development and Lihua Shares [21][22]. 3. Animal Health - The animal health sector is experiencing a recovery, with companies like Huayuan Biological, Reap Biological, and Placo showing improved performance. The approval of mRNA vaccines for veterinary use is seen as a significant technological advancement [33][5]. 4. Planting Industry - The report indicates an increase in soybean meal prices, with the average price reaching 3092 CNY/ton, up 2.8% week-on-week. Companies involved in transgenic seed commercialization are recommended for investment [38][42]. 5. Feed Industry - Feed prices are fluctuating, with the price for fattening pig feed at 3.34 CNY/kg, down 0.3% month-on-month. The report suggests that the feed industry is likely to see increased concentration, recommending companies like Haida Group [44][46]. 6. Pet Industry - The pet economy is booming, with the market size for pet consumption in urban areas projected to reach 300.2 billion CNY in 2024, growing by 7.5%. Companies like Guobao Pet, Zhongchong Shares, and Petty Shares are recommended for investment [53][54].

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Insights - The report highlights that a new round of price increases for pigs may gradually begin, with the African swine fever vaccine opening growth opportunities for the animal health sector [4][5] - The report emphasizes that the investment logic for live pigs is marginally improving, supported by both fundamental and policy factors, with recommendations for specific companies [5][31] Summary by Sections Weekly Observation - As of August 15, 2025, the national average price of live pigs is 13.73 CNY/kg, with a week-on-week increase of 0.06 CNY/kg but a year-on-year decrease of 7.44% [4][13] - The price premium for 150kg fat pigs over 120kg standard pigs is 0.28 CNY/kg, indicating a tightening supply [4][13] Weekly Market Performance (August 11-15) - The agricultural sector underperformed the market by 1.84 percentage points, with the agricultural index down 0.14% while the Shanghai Composite Index rose by 1.70% [6][35] - Key stocks that led the gains include COFCO Sugar (+41.04%), Shunli Biological (+13.97%), and Xiaoming Co. (+8.86%) [6][35] Price Tracking (August 11-15) - The average price of live pigs on August 15 is 13.76 CNY/kg, a slight increase from the previous week [6][46] - The average price of piglets is 28.87 CNY/kg, showing a decrease of 5.03% from the previous week [6][46] - The average price of white feathered chickens is 7.20 CNY/kg, with a week-on-week increase of 0.84% [6][51] Key News (August 11-15) - The central government allocated 1.146 billion CNY for agricultural disaster relief, supporting major grain-producing provinces [6][41]

证券之星消息，8月15日养殖业板块较上一交易日上涨0.06%，晓鸣股份领涨。当日上证指数报收于 3696.77，上涨0.83%。深证成指报收于11634.67，上涨1.6%。养殖业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300967 | 晓鸣股份 | 23.23 | 5.21% | 17.57万 | 4.00亿 | | 300313 | *ST天山 | 10.82 | 3.94% | 7.72万 | 8213.04万 | | 002321 | 华英农业 | 2.70 | 1.50% | 24.16万 | 6466.10万 | | 300761 | 立华股份 | 20.12 | 1.16% | 6.76万 | 1.36亿 | | 002124 | 天邦食品 | 2.99 | 1.01% | 25.58万 | 7616.79万 | | 002234 | 民和股份 | 9.08 | 1.00% | 8.37万 | 7600.72万 | | 002458 | 益生股份 | ...

Core Viewpoint - The announcement details the guarantee situation of Leshan Juxing Agricultural and Animal Husbandry Co., Ltd. for its subsidiaries, highlighting the amounts and banks involved in the guarantees provided [2][3][10]. Group 1: Guarantee Overview - On August 27, 2024, the company signed a guarantee contract with Huishang Bank for a total amount of RMB 2.70 million for its subsidiary [2]. - On February 26, 2025, a guarantee contract was signed with CITIC Bank for RMB 14.00 million for another subsidiary [2]. - On May 19, 2025, a guarantee of RMB 35.00 million was provided to another subsidiary through a contract with Leshan Commercial Bank [2]. - On June 19, 2025, a guarantee of RMB 8.40 million was signed with Ping An Bank for a subsidiary [3]. - On June 20, 2025, a guarantee of RMB 19.80 million was signed with Shanghai Pudong Development Bank [3]. - On July 16, 2025, a guarantee of RMB 60.00 million was provided for working capital loans through Dalian Bank [3]. Group 2: Internal Decision Process - The guarantees were approved by the company's board meeting on April 25, 2025, and subsequently by the annual shareholders' meeting on May 16, 2025 [4]. Group 3: Guarantee Amounts and Status - As of July 31, 2025, the total external guarantee balance was RMB 2,118.44 million, accounting for 64.19% of the company's latest audited net assets [12]. - The guarantees to subsidiaries amounted to RMB 2,043.05 million, representing 61.90% of the net assets [12]. - The guarantees to quality breeding households, customers, and partners totaled RMB 75.40 million, which is 2.28% of the net assets [12]. - There are no overdue guarantees, and no guarantees have been provided to controlling shareholders or related parties [12]. Group 4: Necessity and Reasonableness of Guarantees - The guarantees are deemed necessary for the daily operations of the subsidiaries and align with the company's overall interests and development strategy [10]. - The company maintains control over the guaranteed entities, ensuring effective risk management [10].

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 国枫律股字[2025]A0389 号 律师同意将本法律意见书随贵公司本次会议决议一起予以公告。 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 年第一次临时股东大会（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 ...

证券日报网讯 8月14日晚间，巨星农牧发布公告称，公司2025年第一次临时股东大会于2025年8月14日 召开，审议通过了《关于在2025年度担保额度内增加被担保对象并调剂担保额度暨追加2025年度担保额 度预计事项的议案》等。 （文章来源：证券日报） ...

证券日报网讯 8月14日晚间，巨星农牧发布公告称，截至2025年7月31日，公司及控股子公司对外担保 余额为211，844.35万元，占公司最近一期经审计净资产的64.19%。其中，对子公司的担保余额为204， 304.63万元，占公司最近一期经审计净资产的61.90%。对优质养殖户、客户、合作伙伴等的担保余额为 7，539.72万元，占公司最近一期经审计净资产的2.28%。公司不存在对控股股东和实际控制人及其关联 人的担保。公司及控股子公司不存在逾期担保的情况。 （文章来源：证券日报） ...

| 证券代码：603477 | 证券简称：巨星农牧 | 公告编号：2025-074 | | --- | --- | --- | | 债券代码：113648 | 债券简称：巨星转债 | | 一、担保情况概述 （一）担保的基本情况 2024 年 8 月 27 日，乐山巨星农牧股份有限公司（以下简称"公司"、"巨 星农牧"或"上市公司"）与徽商银行股份有限公司成都成华支行签署了《最高 额保证合同》，为公司子公司巨星农牧有限公司（以下简称"巨星有限"）在该 行银行承兑汇票提供连带责任保证担保，担保金额为人民币 270.00 万元。 2025 年 2 月 26 日，巨星农牧与中信银行股份有限公司成都分行签署了《最 高额保证合同》，为公司子公司泸县巨星农牧科技有限公司在该行银行承兑汇票 提供连带责任保证担保，担保金额为人民币 1,400.00 万元。 乐山巨星农牧股份有限公司 2025 年 7 月份担保情况的公告 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。 | 重要内容提示： | | --- | |  | 担保对象及基本情况 | | ...