Yunnan Shennong Agricultural Industry Group Co., Ltd. 2025 Semi-Annual Performance Forecast [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E6%83%85%E5%86%B5) The company forecasts H1 2025 net profit attributable to shareholders to range from RMB 341 million to RMB 420 million, representing significant year-on-year growth 2025 H1 Performance Forecast Summary | Indicator | 2025 H1 Forecast | 2024 H1 (Prior Period) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Parent Company Shareholders** | RMB 341.00 million to RMB 420.00 million | RMB 123.95 million | Increase 175.12% to 238.85% | | **Net Profit After Non-Recurring Items** | RMB 352.00 million to RMB 431.00 million | RMB 136.82 million | Increase 157.27% to 215.01% | - This performance forecast applies to situations where profitability is achieved, and net profit increases by over **50%** compared to the same period last year[2](index=2&type=chunk) - This performance forecast has not been audited by a certified public accountant[3](index=3&type=chunk) [Review of Prior Period Performance](index=2&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8A%E5%B9%B4%E5%90%8C%E6%9C%9F%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5) The company's H1 2024 financial results, including net profit and EPS, serve as the comparative baseline for the current period's performance forecast 2024 H1 Performance Summary | Indicator | 2024 H1 Performance | | :--- | :--- | | **Net Profit Attributable to Parent Company Shareholders** | RMB 123.95 million | | **Net Profit After Non-Recurring Items** | RMB 136.82 million | | **Basic Earnings Per Share** | RMB 0.24 | [Analysis of Performance Growth Reasons](index=2&type=section&id=%E4%B8%89%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%A2%9E%E7%9A%84%E4%B8%BB%E8%A6%81%E5%8E%9F%E5%9B%A0) The substantial performance growth is primarily driven by the hog farming business, specifically increased sales volume and reduced costs from improved efficiency and lower raw material prices - Performance growth primarily stems from the **hog farming business**[5](index=5&type=chunk) - Significant increase in hog sales volume: **1.5395 million hogs** sold during the reporting period, a **40.93%** increase year-on-year[5](index=5&type=chunk) - Decreased farming costs: Primarily due to falling raw material prices and the company's strengthened management, which improved capacity utilization and production efficiency[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company confirms no material uncertainties affecting this unaudited performance forecast and advises investors to exercise caution regarding investment risks - The company confirms there are no material uncertainties affecting the accuracy of this performance forecast[6](index=6&type=chunk) - Investors are advised to make prudent decisions, invest rationally, and be aware of risks[6](index=6&type=chunk) [Other Explanations](index=2&type=section&id=%E4%BA%94%E3%80%81%E5%85%B6%E4%BB%96%E8%AF%B4%E6%98%8E%E4%BA%8B%E9%A1%B9) The company clarifies that the current forecast data are preliminary, with final accurate financial figures to be confirmed in the official 2025 semi-annual report - The current forecast data are preliminary, and the final accurate figures will be based on the company's officially disclosed 2025 semi-annual report[7](index=7&type=chunk)

神农集团：预计2025年上半年净利润同比增175.12%-238.85% 金十数据7月14日讯，神农集团公告， 公司预计2025年半年度实现归属于母公司所有者的净利润为3.41 亿元至4.2亿元，与上年同期相比，将增加2.17亿元到2.96亿元，同比增加175.12%到238.85%。预计 2025年半年度实现归属于母公司所有者的扣除非经常性损益后的净利润为3.52亿元至4.31亿元，与上年 同期相比，将增加2.15亿元到2.94亿元，同比增加157.27%到215.01%。公司本报告期业绩增长，主要来 自于生猪养殖业务增长。报告期内，生猪出栏量较上年同期增长40.93%。 ...

Investment Rating - The report maintains a "Buy" rating for the agriculture, forestry, animal husbandry, and fishery sector [4] Core Viewpoints - Recent policy guidance has led to a rapid decline in post-slaughter weight, allowing for a rebalancing of volume and price, with positive expectations for pig prices [3] - The long-term perspective indicates that the bottom of the production capacity cycle is becoming clearer, suggesting a potential long-term profit upturn for the sector [3] - The report highlights investment opportunities in various segments, including pig farming, feed, and planting chains, as well as the pet food sector [3] Summary by Sections Pig Farming Sector - In June, 13 listed pig companies collectively slaughtered 16.2681 million pigs, a month-on-month increase of 2.65% and a year-on-year increase of 47.55% [2][13] - The average selling price of pigs decreased by approximately 3% month-on-month and about 20% year-on-year, with prices ranging from 13.23 to 15.57 yuan/kg [14][15] - The average weight of slaughtered pigs in June was 125.06 kg, down 0.77 kg from May, indicating a trend towards reducing weight [17] Market Dynamics - The national average price for live pigs was 14.81 yuan/kg as of July 11, reflecting a week-on-week decline of 3.52% [28] - The demand for pork is weakening due to high temperatures affecting consumption and rising storage costs, leading to a gradual loosening of supply-demand dynamics [28] Investment Recommendations - The report recommends focusing on leading companies such as Muyuan Foods, Wens Foodstuff, and Juxing Agriculture, as well as companies in the feed and animal health sectors like Haida Group and Ruipu Biological [3] - In the planting chain, opportunities are highlighted for companies like Suqian Agricultural Development and Beidahuang [3] Other Segments - The pet food industry is experiencing growth, with increasing recognition of domestic brands and continuous growth of leading companies [3]

Meeting Details - The shareholders' meeting was held on July 10, 2025, at the office building of Kunming Henglong Plaza, Yunnan Province [1] - The attendance rate of shareholders was 87.8964% [1] Voting Results - The non-cumulative voting proposal was approved with 98.8654% of A-share votes in favor, 1.0229% against, and 0.1117% abstaining [1] - Another proposal received 99.9549% approval from A-shareholders, with only 0.0265% against and 0.0186% abstaining [1] Legal Compliance - The meeting and voting procedures complied with the Company Law of the People's Republic of China and the company's articles of association, ensuring the legality and validity of the resolutions passed [1]

Core Viewpoint - The announcement details the unlocking and listing of 958,446 shares under the 2022 Restricted Stock Incentive Plan of Yunnan Shennong Agricultural Industry Group Co., Ltd, which represents approximately 0.1826% of the company's total share capital, effective from July 18, 2025 [1][13]. Group 1: Stock Incentive Plan Details - The stock listing type is equity incentive shares, with a total of 958,446 shares to be listed for circulation [1]. - The stock unlocking is part of the first grant's third unlocking period, which has met the necessary conditions for release [9][13]. - The plan was approved through a series of board meetings, with independent directors and the supervisory board providing their opinions on the plan's benefits and compliance [2][3]. Group 2: Performance and Conditions for Unlocking - The unlocking conditions include meeting specific performance targets, such as achieving a pig sales volume of 2.2715 million heads in 2024, which is a 247.48% increase from 2021 [10][11]. - The company must not have any adverse audit opinions or significant financial issues to qualify for the unlocking [10]. - Individual performance assessments for the 150 eligible participants indicate that 109 achieved excellent results, allowing for a 100% unlocking ratio for those individuals [12][13]. Group 3: Changes in Share Capital Structure - Following the unlocking, the total number of unrestricted shares will increase to 524,564,418, while the restricted shares will decrease to 274,594 [15]. - The company will comply with relevant regulations regarding the transfer of shares by directors and senior management post-unlocking [14][15]. - Legal opinions confirm that the unlocking has received necessary approvals and meets all regulatory requirements [15].

Group 1 - The company has approved the repurchase and cancellation of a total of 274,594 restricted stocks due to various reasons including employee departures and unmet performance criteria [2][3] - Following the repurchase, the total number of shares will decrease from 524,839,012 to 524,564,418, resulting in a corresponding reduction in registered capital from 524,839,012 yuan to 524,564,418 yuan [3] - The company is notifying creditors that they have 45 days from the announcement date to claim debts or request guarantees due to the reduction in registered capital [3][4] Group 2 - Creditors must provide valid documentation to prove their claims, including contracts and agreements, when submitting their claims [4] - For corporate creditors, additional documents such as a business license and identification of the legal representative are required [4] - The announcement specifies the location for creditors to submit their claims, which is the board office on the 39th floor of the company building [4]

证券代码：605296 证券简称：神农集团 公告编号：2025-082 云南神农农业产业集团股份有限公司 关于 2022 年限制性股票激励计划首次授予第三个解除 限售期限制性股票解锁暨上市公告 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、准确性和完整性依法承担法律责任。 本次股票上市类型为股权激励股份；股票认购方式为网下，上 市股数为958,446股，约占目前公司股本总额的 0.1826%。 重要内容提示： 本次股票上市流通总数为958,446股。 本次股票上市流通日期为2025 年 7 月 18 日。 云南神农农业产业集团股份有限公司（以下简称"公司"）于 2025 年 6 月 20 日召开第五届董事会第二次会议和第五届监事会第二次会议，审议通过了《关 于 2022 年限制性股票激励计划首次授予第三个解除限售期解除限售条件成就的议 案》等议案，认为公司 2022 年限制性股票激励计划（以下简称"本激励计划"） 首次授予第三个解除限售期的解除限售条件已经成就，同意公司为 150 名符合解 除限售条件的激励对象统一办理解除限售事宜，共计解除限售 958, ...

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 2022 年限制 性股票激励计划首次授予第三个解除限售期解除限售 相关事项的法律意见 云南省昆明市西山区西园路 126 号"融城优郡"B5 幢 3 层 电话:0871-63172192 传真: 0871-63172192 邮编: 650021 关于云南神农农业产业集团股份有限公司 2022 年限制性股票 北京德恒（昆明）律师事务所 激励计划首次授予第三个解除限售期解除限售相关事项的法律意见 释 义 本法律意见中，除非文中另有所指，下列简称具有如下特定含义： | 神农集团、公司 | 指 | 云南神农农业产业集团股份有限公司 | | --- | --- | --- | | 本次激励计划、《激励 | 指 | 《云南神农农业产业集团股份有限公司 2022 年限 | | 计划》 | | 制性股票激励计划（修订稿）》 | | 本次解除限售 | 指 | 2022 年限制性股票激励计划首次授予第三个解除 | | | | 限售期解除限售条件成就 | | 限制性股票 | 指 | 符合本次激励计划授予条件的激励对象，在满足相 | | | | 应归属条件后分次获得并登 ...

证券代码：605296 证券简称：神农集团 公告编号：2025-084 云南神农农业产业集团股份有限公司 关于回购注销限制性股票减资暨通知债权人的公告 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。 一、通知债权人的原由 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2025年4 月25日召开第四届董事会第三十一次会议和第四届监事会第二十六次会议，审议 通过了《关于回购注销部分限制性股票的议案》，于2025年6月20日召开第五届 董事会第二次会议和第五届监事会第二次会议，审议通过了《关于回购注销部 分限制性股票的议案》。 公司本次回购注销部分限制性股票将导致注册资本减少，根据《中华人民共 和国公司法》等相关法律、法规的规定，公司特此通知债权人，债权人自本公告 披露之日起 45 日内，有权凭有效债权文件及相关凭证要求公司清偿债务或者提供 相应担保。债权人未在规定期限内行使上述权利的，本次回购注销将按法定程序 继续实施。公司债权人如要求公司清偿债务或提供相应担保的，应根据《中华人 民共和国公司法》等法律、法规的有关规定 ...

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 2025 年第二次临时股东会的 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 关于云南神农农业产业集团股份有限公司 北京德恒（昆明）律师事务所 2025 年第二次临时股东会的法律意见 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 2025 年第二次临时股东会的 法 律 意 见 云南神农农业产业集团股份有限公司： 关于云南神农农业产业集团股份有限公司 北京德恒（昆明）律师事务所 2025 年第二次临时股东会的法律意见 议的股东及股东代理人共 7 名，代表有表决权股份数为 454,211,157 股，占公司 有表决权股份总数的 86.5429%；出席网络投票表决的股东共 282 名，代表有表 决权股份数为 7,103,956 股，占公司有表决权股份总数的 1.3535%；中小股东及 股东代理人 284 名，代表有表决权股份数为 7, ...