Core Insights - The feed sector experienced a rise of 0.99% on August 4, with Zhongchong Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Summary by Category Stock Performance - Zhongchong Co., Ltd. (002891) closed at 58.43, with a gain of 6.33% and a trading volume of 116,900 shares, amounting to a transaction value of 677 million yuan [1] - Other notable performers include: - Guobao Pet (301498) at 92.49, up 2.09% [1] - Petty Co., Ltd. (300673) at 15.75, up 2.01% [1] - Lusi Co., Ltd. (832419) at 21.76, up 1.82% [1] Capital Flow - The feed sector saw a net inflow of 15.24 million yuan from institutional investors, while retail investors contributed a net inflow of 7.74 million yuan [2] - Notable capital flows for specific stocks include: - Zhongchong Co., Ltd. with a net inflow of 48.16 million yuan from institutional investors [3] - Guobao Pet with a net inflow of 19.14 million yuan from institutional investors [3] - Dabeinong (002385) with a net inflow of 2.24 million yuan from institutional investors [3]

证券代码：603668 证券简称：天马科技 公告编号：2025-052 福建天马科技集团股份有限公司 一、公司 2024 年股票期权激励计划股票期权第一个行权期（期权代码： 1000000680）实际可行权期间为 2025 年 7 月 9 日至 2026 年 7 月 8 日，目前尚处 于行权阶段。 二、本次限制行权期为 2025 年 8 月 12 日至 2025 年 8 月 26 日，在此期间全 部激励对象将限制行权。 三、公司将按照有关规定及时向中国证券登记结算有限责任公司上海分公司 申请办理限制行权相关事宜。 特此公告。 福建天马科技集团股份有限公司 董 事 会 二〇二五年八月五日 关于 2024 年股票期权激励计划限制行权期间的提示性公告 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。 福建天马科技集团股份有限公司（以下简称"公司"）根据《上市公司股权 激励管理办法》《上海证券交易所上市公司自律监管指南第 2 号——业务办理》 《福建天马科技集团股份有限公司 2024 年股票期权激励计划》及中国证券登记 结算有限责任公司 ...

Group 1 - The core viewpoint of the news is that Tianma Technology (603668) has shown positive financial performance and market activity as of August 1, 2025, with a stock price increase and significant net inflow of funds [1][3] - As of the latest quarterly report, the company reported total revenue of 1.496 billion yuan, a year-on-year increase of 9.88%, and a net profit attributable to shareholders of 17.3014 million yuan, reflecting a substantial year-on-year growth of 162.56% [1] - The company's financial ratios indicate a current ratio of 0.898, a quick ratio of 0.233, and a debt-to-asset ratio of 69.81%, suggesting a relatively high level of leverage [1] Group 2 - Tianma Technology has made investments in 26 companies and participated in 53 bidding projects, indicating active engagement in business expansion and collaboration [2] - The company holds 386 trademark registrations and 209 patents, showcasing its commitment to intellectual property and innovation [2] - Additionally, Tianma Technology possesses 82 administrative licenses, reflecting its compliance and operational capabilities within the industry [2]

Core Viewpoint - Tianma Technology Group has launched a new brand "Reward Eel" in Tokyo, Japan, and established a subsidiary "Tianma Technology Co., Ltd." in Japan, marking it as the first Chinese eel company to register locally and own an independent eel brand [1] Group 1 - The new brand "Reward Eel" was officially announced at a launch event held on July 30 [1] - The company will collaborate with Japanese food wholesale giant Asahi Foods Co., Ltd. for strategic partnership [1] - Sales of the new eel products are set to begin in supermarkets, convenience stores, and department stores across Japan starting in the summer of 2025 [1]

从资金流向上来看，当日饲料板块主力资金净流出2.65亿元，游资资金净流入1.81亿元，散户资金净流入 8422.43万元。饲料板块个股资金流向见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000702 | 正虹科技 | 7.48 | -3.36% | 12.08万 | 9127.63万 | | 002696 | 自洋股份 | 6.22 | -2.81% | 12.44万 | 7795.70万 | | 002100 | 天康生物 | 6.39 | -2.14% | 31.59万 | 2.03亿 | | 001313 | 都是與國 | 7.89 | -2.11% | 8.22万 | 6516.54万 | | 300673 | 佩蒂股份 | 15.42 | -2.10% | 5.36万 | 8298.92万 | | 603151 | 邦墓科技 | 24.33 | -2.05% | 2.97万 | 7221.91万 | | 002548 | 金新农 | 4.00 | -1.96% | 26. ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 688156 | 路德环境 | 19.90 | -0.60% | 2.99万 | 5997.77万 | | 000702 | 正虹科技 | 7.74 | -0.26% | 9.86万 | 7639.84万 | | 603363 | 傲农生物 | 3.84 | 0.00% | 19.13万 | 7337.09万 | | 002567 | 唐人神 | 4.91 | 0.00% | 34.29万 | 1.69 Z | | 300673 | 佩蒂股份 | 15.75 | 0.06% | 4.10万 | 6458.42万 | | 832419 | 路斯股份 | 21.60 | 0.19% | 1.58万 | 3414.24万 | | 002385 | 大北农 | 4.21 | 0.24% | 120.64万 | 5.08亿 | | 603151 | 邦基科技 | 24.84 | 0.24% | 4.36万 | 1.10亿 | | 002100 | 天康生物 ...

Market Overview - The feed sector experienced a decline of 1.07% on July 29, with Lude Environment leading the drop [1] - The Shanghai Composite Index closed at 3609.71, up 0.33%, while the Shenzhen Component Index closed at 11289.41, up 0.64% [1] Individual Stock Performance - Lude Environment (688156) closed at 20.02, down 2.58% with a trading volume of 34,800 shares and a transaction value of 69.87 million [1] - Other notable declines include: - Lusi Co. (832419) down 2.18% to 21.56 - Zhongchong Co. (002891) down 1.95% to 54.19 - Bangji Technology (603151) down 1.86% to 24.78 [1] Capital Flow Analysis - The feed sector saw a net outflow of 201 million from institutional investors, while retail investors contributed a net inflow of 96.49 million [1] - Specific stock capital flows include: - Jin Xin Nong (002548) with a net inflow of 10.17 million from institutional investors [2] - He Feng Co. (603609) with a net inflow of 5.69 million from institutional investors [2] - Petty Co. (300673) experienced a net outflow of 54,400 from institutional investors [2]

Core Viewpoint - The development of new agricultural productivity is essential for promoting agricultural modernization and achieving comprehensive rural revitalization, with a focus on technological innovation and financial support [3][4][5]. Group 1: Agricultural New Productivity - Agricultural new productivity involves applying modern technologies and models to enhance high-quality agricultural development, which is necessary for transitioning from a major agricultural country to a strong agricultural nation [3]. - The Chinese government emphasizes the importance of technology-driven innovation in agriculture, as outlined in the 2025 Central Document No. 1, which calls for the development of new agricultural productivity tailored to local conditions [3]. Group 2: Financial Support for Agricultural Technology - Financial institutions play a crucial role in supporting agricultural technology enterprises, as highlighted by the recent implementation opinions from seven ministries, which stress the need for a positive financial cycle in agricultural technology [3][8]. - Agricultural Bank of China has signed a strategic cooperation agreement with Tianma Technology to provide credit support, enhancing the company's competitive edge and promoting high-quality development in the marine economy [8][10]. Group 3: Tianma Technology's Role in Eel Farming - Tianma Technology, a leading eel farming enterprise, has developed proprietary feed technology that significantly reduces costs and breaks foreign monopolies, showcasing the high technological value in eel farming [5][6]. - The company operates 76 ecological eel farming bases across several provinces, with plans to increase eel production to 15,800 tons in 2024, positioning itself as the largest eel farming entity globally [6][8]. Group 4: Challenges in Eel Breeding - Despite advancements, the artificial breeding of eels remains a challenge due to the specific environmental conditions required for their reproduction, necessitating further research and collaboration with academic institutions [7][8]. Group 5: Agricultural Bank's Commitment to Rural Development - Agricultural Bank of China focuses on supporting rural revitalization and enhancing the income of farmers through various financial products, including a credit model that combines collateral and credit for local aquaculture farmers [9][10]. - The bank's loans for agricultural projects and rural development have shown significant growth, with a strong emphasis on supporting traditional manufacturing and emerging industries [10][11].

Summary of Key Points Core Viewpoint The announcement details the progress of external guarantees provided by Tianma Technology Group Co., Ltd. to its subsidiaries and downstream clients, highlighting the total guarantee amounts and the internal decision-making processes involved in these guarantees. Group 1: Guarantee Details - The total amount of guarantees provided by the company includes RMB 11,200 million for a wholly-owned subsidiary and RMB 30,900 million for a controlling subsidiary, with actual guarantees amounting to RMB 119,300.24 million and RMB 88,445.40 million respectively [1][2] - The company has provided guarantees totaling RMB 0 million for downstream clients, with an actual guarantee balance of RMB 11,691 million [1] - The cumulative amount of overdue external guarantees is RMB 0 million, and the total external guarantee amount accounts for a significant percentage of the company's latest audited net assets [1][2] Group 2: Internal Decision-Making Process - The company’s board of directors approved the provision of guarantees for subsidiaries and downstream clients during meetings held on April 14, 2025, and April 30, 2025 [6][7] - The expected guarantee amounts include a total of RMB 4.8 billion for various financing activities, with specific allocations based on the subsidiaries' asset-liability ratios [6][7] - The guarantees are set to be valid for 12 months from the date of approval at the annual shareholders' meeting [7][8] Group 3: Specific Guarantee Contracts - Various contracts have been established for providing guarantees to subsidiaries engaged in aquaculture and feed production, with specific amounts detailed for each subsidiary [2][3][4] - The company has also established maximum guarantee amounts for different subsidiaries based on their asset-liability ratios, ensuring that higher-risk subsidiaries receive appropriate oversight [6][7] - The company has outlined the types of guarantees, including performance guarantees and credit guarantees, to support its subsidiaries and clients in securing financing [7][8]

证券代码：603668 证券简称：天马科技 公告编号：2025-051 福建天马科技集团股份有限公司 关于公司对外担保的进展公告 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 | | 被担保人名称 | 福建天马科技集团股份有限公司 | | | | --- | --- | --- | --- | --- | | | | （以下简称"公司"或"本公司"） | | | | | | 全资子公司 | | | | 担保对象一 | 本次担保金额 | 11,200.00 万元 | | | | | 实际为其提供的担保余额 | 万元 119,300.24 | | | | | 是否在前期预计额度内 | | 是 □否 | □不适用：_________ | | | 本次担保是否有反担保 | | □是 否 | □不适用：_________ | | 担保对象二 | 被担保人名称 | 公司控股子公司 | | | | | 本次担保金额 | 万元 30,900.00 | | | | | 实际为其提供的担保余额 | 88, ...