Group 1 - The company held its 11th Board of Directors' third meeting on August 22, 2025, to review and approve the half-year report and profit distribution plan [4][5][46] - The profit distribution plan includes a cash dividend of 3.80 yuan per 10 shares, totaling approximately 197.21 million yuan, based on a total share count of 518,965,450 after accounting for repurchased shares [2][59] - The company reported a net profit of approximately 226.10 million yuan for the first half of 2025, with undistributed profits of approximately 3.59 billion yuan on a consolidated basis [59][60] Group 2 - The company proposed to provide a guarantee of up to 65 million yuan for its subsidiaries to secure better supplier credit terms [64][68] - The total external guarantee amount for the company and its subsidiaries, excluding this new guarantee, is 13.4 billion yuan, with 2.4 billion yuan specifically for subsidiaries [63][70] - The company has no overdue guarantees or litigation related to guarantees [71] Group 3 - The company plans to renew its contract with Zhongxinghua Accounting Firm for the 2025 annual financial report and internal control audit, pending shareholder approval [74][85] - Zhongxinghua Accounting Firm has a strong track record, having audited 169 listed companies in 2024, with a total audit revenue of approximately 203.34 million yuan [77][78] - The proposed audit fee for the current period is estimated at 1.4 million yuan, which is a reduction compared to the previous period [82] Group 4 - The company announced the convening of its first extraordinary general meeting of 2025, scheduled for September 8, 2025, to discuss various proposals including the profit distribution plan and the renewal of the accounting firm [89][90] - The meeting will allow for both on-site and online voting, ensuring broad participation from shareholders [91][105] - The registration date for shareholders to attend the meeting is set for September 1, 2025 [92]

Core Viewpoint - 京基智农 announced a cash dividend distribution plan for the first half of 2025, proposing a payout of 3.8 yuan per 10 shares, totaling approximately 197 million yuan, which represents 87.22% of its net profit [1][2]. Company Financial Performance - For the first half of 2025, 京基智农 reported total revenue of 2.387 billion yuan, a year-on-year decrease of 11.61%, and a net profit of 226 million yuan, down 3.97% year-on-year. The basic earnings per share were 0.4292 yuan, with a weighted average return on equity of 5.2% [2]. Dividend History - The company has a history of dividend distributions since its listing, with the latest being the 11th payout. The previous distributions include: - 2024.12.31: 3.5 yuan per 10 shares, total payout of 182 million yuan, dividend yield of 2.12% - 2024.06.30: 3.8 yuan per 10 shares, total payout of 197 million yuan, dividend yield of 2.24% - 2022.12.31: 10 yuan per 10 shares, total payout of 523 million yuan, dividend yield of 5.16% [2][4]. Market Activity - The stock experienced a net inflow of 6.1831 million yuan in main funds today, but over the past five days, there was a net outflow of 11.1622 million yuan [3]. - The latest margin financing balance for the stock is 251 million yuan, with a decrease of 3.6941 million yuan over the past five days, representing a decline of 1.45% [4]. Industry Comparison - In the agricultural, forestry, animal husbandry, and fishery sector, 京基智农 ranks among the top companies in terms of cash dividend distribution, with a payout of 197 million yuan, following 牧原股份, which distributed 5 billion yuan [4][5].

Group 1 - The company announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 3.80 yuan per 10 shares, totaling approximately 197.4 million yuan [1][2] - The company's net profit attributable to shareholders for the first half of 2025 was approximately 226.1 million yuan, with undistributed profits of about 3.59 billion yuan on a consolidated basis [1][2] - The profit distribution plan is subject to approval at the company's first extraordinary general meeting of 2025 [1][2] Group 2 - The cash dividend proposal is deemed reasonable, considering the company's industry characteristics, operational conditions, cash flow status, and long-term development plans [2] - The company emphasizes compliance with relevant laws and regulations regarding profit distribution, ensuring the plan aligns with shareholder interests [2]

Core Viewpoint - The company, Jingji Zhino, announced the reappointment of Zhongxinghua Accounting Firm as its auditor for the fiscal year 2025 during its board meetings held on August 22, 2025 [2] Group 1 - The company held its 11th Board of Directors' third meeting and the 8th meeting of the Audit Committee on August 22, 2025 [2] - The board approved the proposal to reappoint Zhongxinghua Accounting Firm (Special General Partnership) for the audit of the company's financial report and internal controls for the year 2025 [2]

Core Viewpoint - Jingji Zhino announced a semi-annual distribution plan for 2025, proposing a cash dividend of 3.8 yuan per 10 shares, totaling 197 million yuan, which represents 87.22% of its net profit, with a dividend yield of 2.33% based on the average trading price for the period [1][2]. Company Financial Performance - For the first half of 2025, Jingji Zhino reported operating revenue of 2.387 billion yuan, a year-on-year decrease of 11.61%, and a net profit of 226 million yuan, down 3.97%. The basic earnings per share were 0.4292 yuan, with a weighted average return on equity of 5.2% [2]. Dividend History - The company has a history of dividend distributions since its listing, with the latest being the 11th distribution. The previous distributions include: - 2024.12.31: 3.5 yuan per 10 shares, total cash of 182 million yuan, dividend yield of 2.12% - 2024.06.30: 3.8 yuan per 10 shares, total cash of 197 million yuan, dividend yield of 2.24% - 2022.12.31: 10 yuan per 10 shares, total cash of 523 million yuan, dividend yield of 5.16% [2]. Market Activity - The stock experienced a net inflow of 6.1831 million yuan in principal funds today, but over the past five days, there was a net outflow of 11.1622 million yuan [3]. - The latest margin financing balance for the stock is 251 million yuan, with a decrease of 3.6941 million yuan over the past five days, representing a decline of 1.45% [4]. Industry Comparison - In the agricultural, forestry, animal husbandry, and fishery sector, 11 companies announced their semi-annual distribution plans for 2025. Jingji Zhino ranks third in total cash distribution, following Muyuan Foods with 5 billion yuan and Haida Group with 333 million yuan [4].

Core Insights - The company reported a revenue of 2.387 billion yuan and a net profit of 226 million yuan for the first half of 2025, with a basic earnings per share of 0.43 yuan [1] - The livestock business remains the core pillar, generating 1.925 billion yuan in revenue, a year-on-year increase of 11.13%, and accounting for 80.67% of total revenue [1] - The company announced a profit distribution plan, proposing a cash dividend of 3.80 yuan per 10 shares, totaling 197 million yuan, reflecting strong shareholder return commitment and confidence in future growth [1] Revenue and Profitability - The company sold 1.0621 million pigs in the first half of 2025, with sales revenue of 1.895 billion yuan, marking a year-on-year increase of 11.65% [1] - The gross margin for the livestock business was 19.84%, up 3.72% year-on-year, indicating strong profitability [1] Market Position and Pricing - The average selling price of commodity pigs exceeded 15 yuan/kg in the first half of the year, significantly higher than the industry average, with July's average price reaching 15.66 yuan/kg [2] - The company's strong market performance is attributed to its deep market penetration in the Greater Bay Area and established industry chain advantages [2] Operational Strategy - The company is actively promoting a light asset operation strategy, expanding its "company + farmer" model and establishing over 12 service departments in the Guangdong region [3] - The cooperative model has led to a high survival rate of 98% among excellent farmers, enhancing breeding efficiency and optimizing capital structure [3] Innovation and Sustainability - The company invested 23.9365 million yuan in R&D, achieving 30 utility model patents, 21 software copyrights, and 3 invention patents [4] - A collaboration with the Guangdong Academy of Agricultural Sciences has led to the development of a bio-fermentation technology that converts pineapple processing waste into high-quality feed, achieving 100% resource utilization [4] - The use of fermented pineapple waste has improved pig weight gain by 5% to 10% and reduced feed costs by over 10 yuan per ton, contributing to cost savings of over 10 million yuan annually [4] Strategic Expansion - The company is exploring new business avenues, including collaborations in the fashion and art sectors, enhancing its long-term growth potential [4]

Core Viewpoint - 京基智农 has demonstrated steady growth in its operations, with significant revenue and profit increases in the first half of 2025, driven by its strong pig farming business and effective management strategies [1][2]. Financial Performance - In the first half of 2025, 京基智农 achieved a total revenue of 2.387 billion yuan and a net profit of 226 million yuan, with operating cash flow of 311 million yuan [1]. - The pig farming segment generated 1.925 billion yuan in revenue, marking an 11.13% year-on-year increase, accounting for 80.67% of total revenue [1]. - For the period from January to July 2025, the company reported a cumulative pig output of 1.2657 million heads and sales revenue of 2.243 billion yuan, reflecting a 10.38% year-on-year growth [2]. Operational Efficiency - 京基智农 has improved its operational efficiency through refined management practices, leading to enhanced capacity utilization across projects [1]. - The company has successfully reduced sales and financial expenses, resulting in a decrease in the asset-liability ratio to 58.33%, down 1.93% from the previous year [2]. Market Position - 京基智农 has established a strong market presence in the Guangdong, Guangxi, and Hainan regions, benefiting from the high demand for pork in the economically developed and densely populated Guangdong-Hong Kong-Macao Greater Bay Area [2]. - The average selling price of pigs in July was 15.66 yuan/kg, positioning 京基智农 among the top companies in the industry [2]. Technological Advancements - The company employs advanced farming technologies, including a "building farming + 6750 self-breeding and self-raising integration" model, which incorporates automated feeding, environmental control, and big data management for smart farming [3]. - 京基智农 has invested in research and development, holding 30 utility model patents, 3 invention patents, and 21 software copyrights, with R&D expenditures of 23.9365 million yuan in the first half of 2025 [4]. Social Responsibility - 京基智农 actively supports rural development through contract farming, providing comprehensive support to partner farmers, which has led to a 98% survival rate for pig batches among excellent farmers [5]. - The company has initiated an ecological circular agriculture system and has built a feed processing plant that converts local agricultural waste into high-nutrition feed, generating significant local economic benefits [6]. Future Outlook - With the peak season for pork consumption approaching and ongoing policy adjustments improving the supply-demand structure, 京基智农 is expected to further unlock its performance potential and achieve sustainable growth [6].

Group 1 - The core viewpoint of the article is that Jingji Zhino (000048.SZ) reported a decline in both revenue and net profit for the first half of the year [1] Group 2 - The company's operating revenue for the first half of the year was 2.387 billion yuan, representing a year-on-year decrease of 11.61% [1] - The net profit attributable to shareholders of the listed company was 226 million yuan, down 3.97% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 236 million yuan, a decrease of 2.41% year-on-year [1] - The company declared a cash dividend of 3.80 yuan for every 10 shares to all shareholders [1]

深圳市京基智农时代股份有限公司 信息披露事务管理制度 第一章 总则 第一条 为提高深圳市京基智农时代股份有限公司（以下简称"公司"）信 息披露工作质量和规范信息披露行为，加强信息披露事务管理，确保信息披露 的公平性，保护投资者合法权益，根据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司信息披露管理办法》《深圳证券交易所股票上市规 则》《深圳证券交易所上市公司自律监管指引第5号——信息披露事务管理》等 法律法规及《深圳市京基智农时代股份有限公司章程》（以下简称"《公司章 程》"）的有关规定，制定本制度。 第二条 本制度所称"信息"是指将可能对公司证券及其衍生品种交易价格 产生较大影响而投资者尚未得知的重大信息以及相关法律、法规、规范性文件 及中国证监会、深圳证券交易所要求披露的其他信息；"信息披露"是指公司 按照《深圳证券交易所股票上市规则》及本制度的相关规定，通过指定媒体向 社会公开披露信息的行为。 第三条 本制度所称"信息披露义务人"包括：公司及其董事、高级管理人 员、股东或者存托凭证持有人、实际控制人，收购人及其他权益变动主体，重 大资产重组、再融资、重大交易、破产事项等有关各方，为前述主体 ...

深圳市京基智农时代股份有限公司 独立董事工作制度 第一章 总则 第一条 为进一步完善深圳市京基智农时代股份有限公司（以下简称"公司"） 的治理结构，促进公司的规范运作，保障公司独立董事依法独立行使职权，根据 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司独立董事管理 办法》（以下简称"《独董办法》"）《上市公司治理准则》等有关法律、法规、 规范性文件和《深圳市京基智农时代股份有限公司章程》（以下简称"《公司章 程》"）的规定，制定本制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与公司及其主 要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独 立客观判断关系的董事。 第四条 公司独立董事占董事会成员的比例不得低于三分之一，且至少包括 一名会计专业人士。 公司在董事会中设置审计委员会。审计委员会成员应当为不在公司担任高级 管理人员的董事，其中独立董事应当过半数，并由独立董事中会计专业人士担任 召集人。 公司另在董事会中设置提名、薪酬与考核、战略等专门委员会。提名委员会、 薪酬与考核委员会中独立董事应当过半数并担任召集人。 第二章 独立董事的任职资格与任免 1 第五条 ...