郝鹏在调研中强调，习近平总书记在民营企业座谈会上鲜明指出，新时代新征程民营经济发展前景广阔、大有可为。民营经济促进法的施行，为促进 民营经济健康发展高质量发展提供了坚实法治保障。全省上下要深入贯彻落实习近平总书记重要论述精神，以民营经济促进法施行为契机，持续优化稳 定、公平、透明、可预期的发展环境，倾心竭力支持民营经济发展。要坚决破除准入壁垒，营造公平竞争环境，持续规范监管执法行为，切实强化法治保 障。要畅通政企沟通渠道，狠抓支持政策措施落实落地，进一步优化要素供给和金融服务。要引导民营企业强化科技创新、加快转型升级，鼓励支持民营 企业在培育新质生产力、建设现代化产业体系中积极发挥作用。要大力弘扬企业家精神，广泛宣传民营企业创新创业典型和民营企业家先进事迹，积极营 造良好氛围。要把构建亲清政商关系落到实处，让民营企业和民营企业家在辽宁"如鱼得水""如沐春风"，推动民营经济在辽宁全面振兴新突破中大显身 手、贡献更大力量。 5月28日，省委书记、省人大常委会主任郝鹏在沈阳市专题调研民营经济发展。他强调，要深入贯彻落实习近平总书记关于民营经济发展的重要论 述，优化发展环境提供广阔舞台，倾心竭力支持民营经济发展，为辽 ...

| 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2025-055 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 关于实施2024年度权益分派时"禾丰转债" 停止转股的提示性公告 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： 证券停复牌情况：适用 因实施 2024 年度权益分派,本公司的相关证券停复牌情况如下：自 2024 年度 权益分派公告前一交易日（2025 年 6 月 3 日）至权益分派股权登记日期间，"禾 丰转债"将停止转股。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始 | 停牌期 | 停牌终 | 复牌 | | --- | --- | --- | --- | --- | --- | --- | | | | | 日 | 间 | 止日 | 日 | | 113647 | 禾丰转债 | 可转债转股停牌 | 2025/6/3 | | | | 3、本次权益分派方案实施后，公司将根据《禾丰股份公开发行可转换 ...

证券代码：603609 证券简称：禾丰股份 公告编号：2025-054 债券代码：113647 债券简称：禾丰转债 禾丰食品股份有限公司 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。 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 (一)股东大会召开的时间：2025 年 5 月 16 日 (二)股东大会召开的地点：辽宁省沈阳市沈北新区辉山大街 169 号禾丰股份 综合办公大楼 7 楼会议室 (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： 份总数的比例（%） 注：有权出席本次股东大会并投票的公司股份总数为 852,863,296 股（本公司回购专用 账户中的股份 45,617,432 股和员工持股计划账户中的股份 14,000,000 股不享有本次股东大 会表决权）。 (五)公司董事、监事和董事会秘书的出席情况 Jacobus Johannes de Heus 先生因在国外未能出席； Marcus Leonardus van der Kwaak 先生因在国外未能出席； 二、议案审议 ...

禾丰股份 2024 年年度股东大会法律意见 北京大成（沈阳）律师事务所 关于禾丰食品股份有限公司 法律意见书 北京大成（沈阳）律师事务所 www.dentons.cn 沈阳市沈河区青年大街 1 号市府恒隆广场办公楼 1 座 42 层（110063） Tel:8624-23985265 Fax:8624-23985573 禾丰股份 2024 年年度股东大会法律意见书 北京大成（沈阳）律师事务所 关于禾丰食品股份有限公司 致：禾丰食品股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范性文 件的要求，北京大成（沈阳）律师事务所（以下简称"本所"）接受禾丰食品股份 有限公司（以下简称"公司"）的委托，指派律师参加公司 2024 年年度股东大会 （以下简称"本次股东大会"）。 本所声明：本所律师仅对本次股东大会的召集程序、召开程序、出席会议人员 资格、召集人资格、表决程序及表决结果发表法律意见，并不对本次股东大会所审 议的议案、议案所涉及的数字及 ...

禾丰股份 2024 年年度股东大会法律意见书 北京大成（沈阳）律师事务所 关于禾丰食品股份有限公司 2024 年年度 股东大会 的 法律意见书 北京大成（沈阳）律师事务所 www.dentons.cn 沈阳市沈河区青年大街 1 号市府恒隆广场办公楼 1 座 42 层（110063） 42F,Tower1,Forum 66 Office Building,No.1 Qingnian Street,Shenhe District Shenyang,China 110063 Tel:8624-23985265 Fax:8624-23985573 禾丰股份 2024 年年度股东大会法律意见书 致：禾丰食品股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范性文 件的要求，北京大成（沈阳）律师事务所（以下简称"本所"）接受禾丰食品股份 有限公司（以下简称"公司"）的委托，指派律师参加公司 2024 年年度股东大会 （以下简称"本次股东大会"）。 本 ...

| 证券代码：603609 | 证券简称：禾丰股份 | 公告编号：2025-054 | | --- | --- | --- | | 债券代码：113647 | 债券简称：禾丰转债 | | 禾丰食品股份有限公司 2024年年度股东大会决议公告 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。 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 (一)股东大会召开的时间：2025 年 5 月 16 日 (二)股东大会召开的地点：辽宁省沈阳市沈北新区辉山大街 169 号禾丰股份 综合办公大楼 7 楼会议室 (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： | 1、出席会议的股东和代理人人数 | 96 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 447,417,822 | | 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 | 52.4606 | | 份总数的比例（%） | | 注：有权出席本次股东大会并投票的公司股份总数为 852,863,296 股 ...

Investment Rating - The report assigns an "Outperform" rating to the company for the first time [7]. Core Viewpoints - The company is a high-quality enterprise with an integrated feed, breeding, and slaughter industry chain, having deep roots in the livestock industry for nearly thirty years [1][15]. - The company is expected to see steady growth in market share, with projected net profits of 4.35 billion, 4.78 billion, and 4.65 billion yuan for 2025-2027 [3][30]. Company Overview - The company has three core business segments: feed, poultry industry, and pig breeding. In 2024, it achieved feed sales of 3.96 million tons, with a national market share of 1.3% and revenue of 12.509 billion yuan, accounting for 39% of total revenue [1][15]. - The poultry business has a slaughter capacity exceeding 1.1 billion birds annually, with a revenue of 11.34 billion yuan in 2024, representing 35% of total revenue [1][15]. - The pig breeding segment is expected to have a total output of 1.4 million pigs in 2024, generating revenue of 3.318 billion yuan, which accounts for 10% of total revenue [1][15]. Industry Analysis - The feed industry is expected to benefit from the recovery of livestock inventory, with a projected increase in pig and poultry feed sales in 2025 [2][46]. - The poultry industry is seeing a trend of vertical integration, with a positive outlook for consumption growth in the medium to long term [2][46]. - The pig industry is focusing on low-cost, high-quality enterprises, with significant market share growth potential for quality companies [2][46]. Company Highlights - The company has a significant geographical advantage and a comprehensive development of the feed, breeding, and slaughter industry chain [3][15]. - The feed business has a well-established product matrix and is steadily expanding production capacity [3][15]. - The poultry industry has a complete supply chain, with strong upstream and downstream collaboration, benefiting from rich local feed resources and a mature market sales system [3][15]. - The pig breeding business is expanding through a light-asset model, focusing on "controlling scale and improving quality," effectively collaborating with the feed segment [3][15]. Profit Forecast and Valuation - The company is one of the leading large-scale feed, poultry, and pig breeding and slaughter processing enterprises in China, with a projected reasonable valuation range of 9.60 to 10.36 yuan per share, indicating a premium of approximately 13-22% relative to the current price [3][30].

● 担保金额及已实际为其提供的担保余额：公司本次为鞍山市九股河食品 有限责任公司、鞍山丰盛食品有限公司、葫芦岛九股河食品有限公司、锦州九丰 食品有限公司、锦州鑫丰食品有限公司向金融机构融资提供最高担保金额均为人 民币 10,000 万元，为北京三元禾丰牧业有限公司等 106 家公司下属子公司采购 原料提供最高担保金额为人民币 72,000 万元。截至 2025 年 4 月 30 日，公司已 实际为鞍山市九股河食品有限责任公司、鞍山丰盛食品有限公司、葫芦岛九股河 食品有限公司、锦州九丰食品有限公司、锦州鑫丰食品有限公司向金融机构融资 提供的担保余额分别为人民币 3,000 万元、5,000 万元、6,000 万元、0 万元、0 万元，已实际为北京三元禾丰牧业有限公司等 106 家禾丰下属子公司采购原料提 供的担保余额为人民币 12,429.46 万元； 一、担保情况概述 禾丰食品股份有限公司（以下简称"公司"或"禾丰股份"）于 2025 年 3 月 14 日召开第八届董事会第十次会议、于 2025 年 3 月 31 日召开 2025 年第二次 临时股东大会审议通过了《关于 2025 年度担保额度预计的议案》，同 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [12] Core Views - The pet sector continues to show high prosperity, driven by domestic substitution and consumption upgrades, leading to a dual increase in volume and price [1][2] - The industry is transitioning from "scale expansion" to "value creation," with leading companies shifting from "manufacturing" to "intelligent manufacturing" through formula innovation and precise demand capture [2][17] - The domestic pet food market remains strong, with a significant increase in sales and exports, indicating robust growth potential for domestic brands [2][17] Summary by Sections Pet Sector - The fifth TOPS Pet Expo in Shanghai showcased over 1,200 exhibitors and 8,000+ brands, reflecting strong growth momentum in the pet industry, with a 43% year-on-year increase in attendance [1][16] - Trends in pet food are shifting towards precision nutrition, with a focus on age-specific feeding and high-end production techniques [1][16] - Key recommended companies in the pet food sector include Guibao Pet, Zhongchong Co., Petty Co., and Lusi Co., with additional recommendations for pet medical and product companies [2][17] Swine Sector - As of May 10, the average price of live pigs was 14.90 yuan/kg, showing a slight decline, with production capacity continuing to grow [3][18] - The industry is facing a potential downturn in profitability due to weak demand and seasonal price declines [3][19] - Recommended companies include leading players such as Wens Foodstuffs and Muyuan Foods, with a focus on core assets [19] Poultry Sector - The white chicken segment is facing uncertainties in breeding imports, with a significant decline in the number of breeding stock updated [20][21] - The yellow chicken segment is expected to benefit from improved consumer demand, with stable prices observed [23] - Recommended companies include Shengnong Development and Lihua Co. for white chicken, and Wens Foodstuffs for yellow chicken [22][23] Planting Sector - The government emphasizes agricultural technology innovation and self-sufficiency in food security, with a focus on biological breeding [25][26] - Recommended companies in the seed sector include Longping High-Tech and Dabeinong, with additional focus on agricultural water-saving technologies [25][26] Feed and Animal Health Sector - Hai Da Group is highlighted for its market share growth and consistent performance in the feed sector [27] - The animal health sector is seeing new opportunities in pet health products, with recommended companies including KQ Bio and Zhongmu Co. [28]

Investment Rating - The investment rating for the agriculture, forestry, animal husbandry, and fishery industry is "Positive" (maintained) [1] Core Insights - Short-term consumption weakness has led to a slight decline in pig prices, but high prices for piglets and sows indicate optimistic expectations for the future [4][6] - The pig farming sector shows low valuation opportunities, while the pet sector continues to strengthen the logic of domestic brand rise [7][25] - The overall agricultural index underperformed the market by 0.93 percentage points during the week [29] Summary by Sections Weekly Observation - After the May Day holiday, consumer support was insufficient, leading to a slight decline in national pig prices. As of May 9, the average selling price of live pigs was 14.79 yuan/kg, down 0.02 yuan/kg week-on-week, a decrease of 0.14% [4][15] - The average daily slaughter volume of sample enterprises was 148,800 pigs, a decrease of 780 pigs from the previous week [4][15] Weekly Viewpoint - The pig sector shows low valuation opportunities, with the supply side not yet recovering to the levels of the same period in 2023. The demand side is supported by macro policies driving consumption recovery [25] - Recommended stocks include Muyuan Foods, Wens Foodstuff Group, Juxing Agriculture, Huadong Food, and Tiankang Biological [7][25] Market Performance (May 5-9) - The agricultural index rose by 0.99%, underperforming the market by 0.93 percentage points, with the fishery sector leading the gains [29][32] - Notable stock performances included *ST Jiawo (+13.47%), Guotou Zhonglu (+12.05%), and Xuelong Biological (+11.04%) [29][35] Price Tracking (May 5-9) - As of May 9, the national average price for live pigs was 14.82 yuan/kg, down 0.02 yuan/kg from the previous week. The average price for piglets was 36.87 yuan/kg, also down 0.01 yuan/kg [41] - The average profit for self-bred pigs was 84.33 yuan/head, a decrease of 0.72 yuan/head week-on-week [41] Key News (May 5-9) - Seven departments jointly issued an implementation opinion to enhance the overall effectiveness of the agricultural science and technology innovation system [36]