证券日报网讯 11月3日晚间，神农集团发布公告称，2025年10月，公司未实施股份回购。 （文章来源：证券日报） ...

根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司在回购股份期间，应该在每个月的前 3 个交 易日内公告截至上月末的回购进展情况。现将公司回购股份的情况披露如下： 重要内容提示： | 回购方案首次披露日 | 2024/10/29，由公司董事长提议 | | --- | --- | | 回购方案实施期限 | 待股东会审议通过后 12 个月 | | 预计回购金额 | 10,000万元~20,000万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 658.06万股 | | 累计已回购股数占总股本比例 | 1.25% | | 累计已回购金额 | 17,998.41万元 | | 实际回购价格区间 | 24.68元/股~29.20元/股 | 一、回购股份的基本情况 云南神农农业产业集团股份有限公司（以下简称"公司"）分别于 2024 年 10 月 28 日召开第四届董事会第二十四次会议、2024 年 11 月 15 日召开 2024 年第四 次临 ...

格隆汇11月3日丨神农集团(605296.SH)公布，截至2025年10月31日，公司本次回购已累计回购股份 658.06万股，占公司当前总股本的比例为1.25%，已支付的总金额为1.80亿元（不含印花税、交易佣金 等交易费用）。 ...

Core Viewpoint - The company plans to conduct a share buyback from November 16, 2024, to November 15, 2025, with a total funding amount of 100-200 million yuan for employee stock ownership or equity incentives [1] Summary by Relevant Sections - **Share Buyback Details** - The total amount allocated for the share buyback is between 100 million and 200 million yuan [1] - As of October 31, 2025, the company has repurchased a total of 6.5806 million shares, accounting for 1.25% of the total share capital [1] - The total amount paid for the repurchased shares is 179.9841 million yuan, with a buyback price range of 24.68 to 29.20 yuan per share [1] - No buyback was implemented in October 2025 [1]

Core Insights - The aquaculture sector experienced a 1.0% increase on October 31, with Tianyu Biological leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Aquaculture Sector Performance - Tianyu Biological (603717) closed at 9.16, up 4.93% with a trading volume of 254,000 shares and a transaction value of 234 million [1] - Huaying Agriculture (002321) closed at 2.90, up 4.69% with a trading volume of 654,900 shares and a transaction value of 188 million [1] - Other notable performers include *ST Tianshan (300313) up 3.34%, Luoniushan (000735) up 2.37%, and Xiaoming Co. (300967) up 1.65% [1] Capital Flow Analysis - The aquaculture sector saw a net inflow of 290 million from institutional investors, while retail investors experienced a net outflow of 190 million [2] - Major stocks like Muyuan Foods (002714) had a net inflow of 203 million, while Wens Foodstuffs (300498) had a net inflow of 61 million [3] - The overall trend indicates a shift in capital, with institutional investors showing confidence in the sector while retail investors are withdrawing [2][3]

Core Viewpoint - Shennong Group is a leading domestic pig farming enterprise in China, established in 1999 and listed on the Shanghai Stock Exchange in 2021, with a comprehensive industry chain advantage in feed production, pig farming, slaughtering, and pork sales [1] Financial Performance - In Q3 2025, Shennong Group achieved a revenue of 3.923 billion yuan, ranking 8th among 12 companies in the industry, significantly lower than the top competitor Muyuan Foods at 111.79 billion yuan and New Hope at 80.504 billion yuan [2] - The net profit for the same period was 462 million yuan, placing the company 4th in the industry, again trailing behind Muyuan Foods at 15.112 billion yuan and Wen's Foodstuffs at 5.417 billion yuan [2] Financial Ratios - As of Q3 2025, Shennong Group's debt-to-asset ratio was 27.07%, lower than the previous year's 27.72% and significantly below the industry average of 57.82%, indicating strong solvency [3] - The gross profit margin for the same period was 20.69%, an increase from 19.63% year-on-year and above the industry average of 14.00%, reflecting robust profitability [3] Executive Compensation - The chairman and general manager, He Zuxun, received a salary of 1.141 million yuan in 2024, a slight increase of 6,900 yuan from 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 2.37% to 20,200, while the average number of shares held per shareholder increased by 2.43% to 25,900 [5] - The top ten circulating shareholders included notable entities such as Yinhua Agricultural Industry Stock Initiation A and Hong Kong Central Clearing Limited, with varying changes in shareholdings [5] Production and Cost Analysis - In Q3 2025, Shennong Group sold 2.1096 million pigs, generating sales revenue of 3.48 billion yuan, with a breeding cost of 12.5 yuan per kilogram, maintaining a leading position in the industry [5] - The average cost of raising pigs in Q3 2025 was estimated at 12.4 yuan per kilogram, showcasing a clear cost advantage [6]

（文章来源：证券日报） 证券日报网讯 10月30日晚间，神农集团发布公告称，2025年半年度利润分配方案为A股每股现金红利 0.39元（含税）。股权登记日为2025年11月5日，除权（息）日为2025年11月6日。 ...

证券代码：605296 证券简称：神农集团 公告编号：2025-125 云南神农农业产业集团股份有限公司 2025年半年度权益分派实施公告 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/11/5 | － | 2025/11/6 | 2025/11/6 | 差异化分红送转： 是 一、通过分配方案的股东会届次和日期 本次利润分配方案经公司2025年 9月 12 日的2025年第四次临时股东会审议通过。 二、分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 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： 公司根据《上海证券交易所交易规则》及上海证券交易所的相关规定，按照 以下公式计算除权除息参考价： 除权（息）参考价格=（前收盘价格-现 ...

北京德恒（昆明）律师事务所 关于云南神农农业产业集团股份有限公司 差异化分红事项的 法律意见 北京德恒（昆明）律师事务所 Beijing DeHeng Law Offices (KunMing) 云南省昆明市西山区西园路 126 号"融城优郡"B5 幢 3、4 层 电话（传真）：0871-63172192 邮编: 650032 法律意见 德恒 21G20250132 号 致：云南神农农业产业集团股份有限公司 本所接受云南神农农业产业集团股份有限公司（以下简称"公司"或"神农 集团"）的委托，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》"）、《上海证券交易所股票上市规则》 《上海证券交易所上市公司自律监管指引第 7 号—回购股份》（以下简称"《回购 指引》"）等法律、法规、规范性文件以及《云南神农农业产业集团股份有限公司 章程》（以下简称"《公司章程》"）的规定，按照律师行业公认的业务标准、道德 规范和勤勉尽责精神，出具本法律意见。 对本法律意见，本所律师作出如下声明： 1. 本所律师依据本法律意见出具日以前已经发生或者已经存在的事实以及 国家现行法律 ...

Investment Rating - The report maintains an "Accumulate-B" rating for the company [4][7]. Core Views - The company continues to lead in pig farming costs within the industry, benefiting from low raw material costs and decreasing breeding costs [6][7]. - The company reported a decline in revenue and net profit for the first three quarters of 2025, with a significant drop in Q3 performance [5][6]. Financial Performance Summary - For the first three quarters of 2025, the company achieved a revenue of 3.923 billion yuan, down 3.79% year-on-year, and a net profit of 462 million yuan, down 3.89% year-on-year, with an EPS of 0.89 yuan [5]. - In Q3 2025 alone, the company recorded a revenue of 1.126 billion yuan, a decrease of 28.90% year-on-year, and a net profit of 74 million yuan, down 79.21% year-on-year [5][6]. - The company sold 2.1096 million pigs in the first three quarters, a year-on-year increase of 26.8%, generating sales revenue of 3.48 billion yuan, up 7.54% year-on-year [6]. Cost Structure and Industry Position - As of September 2025, the company's pig farming cost was 12.5 yuan per kilogram, with a weaning cost of 269 yuan per head, indicating a competitive cost structure in the industry [6]. - The company’s weighted average ROE was 9.25%, reflecting a year-on-year decline of 1.56 percentage points [5]. Future Earnings Estimates - The report projects the company's net profit for 2025, 2026, and 2027 to be 559 million yuan, 590 million yuan, and 1.12 billion yuan respectively, with corresponding EPS of 1.07 yuan, 1.12 yuan, and 2.13 yuan [7][10].