Core Viewpoint - The article summarizes important announcements from various listed companies in the Shanghai and Shenzhen stock markets, providing insights for investors regarding their operational status and significant developments. Group 1: Company Announcements - Jinshi Technology (002951) stated that it has not engaged in any business related to stablecoins and confirmed no undisclosed significant matters [3] - New Asia Electronics (605277) reported that revenue from its "lotus core structure" technology application is less than 3.31% of total revenue, and the technology has not yet been mass-produced [4] - New Zhonggang (605162) confirmed that its main business has not undergone significant changes and its operational status remains normal [6] - Zhuoyue New Energy (688196) plans to invest 700 million yuan in a bioenergy project in Thailand, which includes a biodiesel production line with an annual capacity of 300,000 tons [7] - Zhengfan Technology (688596) intends to acquire 62.23% of Han Jing Semiconductor, aiming to enhance its competitiveness in the semiconductor sector [8] - Alliance Electronics (688311) announced that five shareholders plan to transfer 3.68% of the company's shares through a pricing inquiry [9] - Xinpeng Co., Ltd. (002328) reported that its subsidiary's investment project has been listed on the STAR Market [10] - Bayi Shikong (688181) is expanding into edge computing services, partnering with China Broadcasting Network [12] - Dafu Technology (300134) plans to invest up to 100 million yuan in Anhui Yunta Electronics [14] - Jinchengzi (688291) noted that revenue from its laser 3D printing control systems will account for less than 2% of total revenue in 2024 [15] - Dazhi (601519) confirmed that its daily operations are normal and there are no significant changes [16] - Senlin Packaging (605500) clarified that its consumer packaging business currently represents a small portion of its overall operations [17] - Guangyunda (300227) intends to acquire 56.0299% of Yilian Unlimited for 352 million yuan [18] - Xinning Electric (301388) reported no significant changes in its operational environment [19] - Shangwei New Materials (688585) announced progress in its controlling shareholder's control change plan [20] - Yong'an Futures (600927) confirmed no undisclosed significant information [21] Group 2: Performance Reports - Jingji Zhino (000048) reported June sales of 176,400 pigs, generating revenue of 310 million yuan [23] - Kemin Foods (002661) noted a 111.22% year-on-year increase in June sales revenue from its subsidiary [24] - Lihua Co., Ltd. (300761) reported a 21.3% year-on-year decline in June chicken sales revenue [25] - Xiaoming Co., Ltd. (300967) experienced a 182.52% year-on-year increase in June chicken product sales revenue [26] - Tiankang Bio (002100) reported a 19.53% year-on-year decline in June pig sales revenue [27] - Shen Shen Fang A (000029) expects a net profit increase of 1411.7% to 2034.17% for the first half of the year [29] - Juhua Co., Ltd. (600160) anticipates a net profit increase of 136% to 155% for the first half of the year [30] - Jieshun Technology (002609) expects a net profit increase of 105.68% to 193.82% for the first half of the year [31] - Haopeng Technology (001283) forecasts a net profit increase of 228.03% to 271.77% for the first half of the year [32] - Dajin Heavy Industry (002487) expects a net profit increase of 193.32% to 227.83% for the first half of the year [33] - Huace Navigation (300627) anticipates a net profit increase of 27.37% to 33.34% for the first half of the year [34] - Yatai Co., Ltd. (002284) expects a net profit increase of 81.97% to 101.13% for the first half of the year [35] - Huagong Technology (000988) forecasts a net profit increase of 42.43% to 52.03% for the first half of the year [36] - Shangwei Co., Ltd. (603333) expects a net loss of 27 million to 35 million yuan for the first half of the year [37] Group 3: Major Contracts and Share Transactions - Hongyuan Green Energy (603185) signed a cooperation agreement with Jiangsu Shunfeng Photovoltaic Technology [38] - Pulite (002324) announced a procurement contract for a 30MWh sodium-ion battery energy storage system [40] - Hisense Home Appliances (000921) plans to increase its shareholding by 6.92 million to 13.86 million shares [41] - Yanpai Co., Ltd. (301081) intends to increase its shareholding by 17 million to 34 million yuan [42] - Yuanzu Co., Ltd. (603886) announced a plan to reduce its shareholding by up to 1% [43] - 吉祥航空 (603885) plans to reduce its shareholding by up to 1% [44] - Jin Domain Medical (603882) intends to reduce its shareholding by up to 1% [45] - Chao Tu Software (300036) announced plans for its controlling shareholder to reduce its shareholding by up to 2.01% [46] - Xintong Lian (603022) plans to reduce its shareholding by up to 3% [47] - Dongfang Zhongke (002819) intends to reduce its shareholding by up to 3% [48] - Shuo Beid (300322) plans to repurchase shares worth 20 million to 30 million yuan [49]

Group 1 - Jinshi Technology has not engaged in any business related to stablecoins and confirmed no undisclosed significant matters [3] - Xinya Electronics reported that revenue from its "lotus core structure" technology accounts for less than 3.31% of total revenue, and the technology has not yet been mass-produced [4] - New Zhonggang stated that its main business has not undergone significant changes and its production and operational status remains normal [5] Group 2 - Zhuoyue New Energy plans to invest 700 million yuan in a bioenergy project in Thailand, which includes a biodiesel production line with an annual capacity of 300,000 tons [6] - Zhengfan Technology intends to acquire 62.23% of Han Jing Semiconductor, which will become a subsidiary, enhancing its capabilities in the semiconductor sector [7] Group 3 - Jingji Zhino reported sales of 176,400 pigs in June, generating revenue of 310 million yuan [9] - Kemin Foods' subsidiary saw a 111.22% year-on-year increase in sales revenue from pig sales in June [10] - Lihua Co. reported a 21.3% year-on-year decline in chicken sales revenue in June [11] Group 4 - Xiaoming Co. achieved a 182.52% year-on-year increase in chicken product sales revenue in June [12] - Tiankang Bio reported a 19.53% year-on-year decline in pig sales revenue in June [13] Group 5 - Juhua Co. expects a net profit increase of 136% to 155% for the first half of 2025, driven by rising prices of core products [14] - Jieshun Technology anticipates a net profit increase of 105.68% to 193.82% for the first half of 2025, supported by growth in innovative business [15] - Dajin Heavy Industry forecasts a net profit increase of 193.32% to 227.83% for the first half of 2025, attributed to significant growth in overseas business [16] Group 6 - Huace Navigation expects a net profit increase of 27.37% to 33.34% for the first half of 2025, driven by rapid growth in overseas markets [17] - Yatai Co. anticipates a net profit increase of 81.97% to 101.13% for the first half of 2025, due to market expansion and operational efficiency [18] - Shangwei Co. expects a net loss of 27 million to 35 million yuan for the first half of 2025, impacted by economic conditions and competition [19] Group 7 - Hongyuan Green Energy's subsidiary signed a cooperation agreement to stabilize operations during a pre-restructuring phase [21] - Pulit signed a procurement contract for a 30MWh sodium-ion battery energy storage system, marking a significant milestone in sodium battery applications [22] Group 8 - Hisense Home Appliances' controlling shareholder plans to increase its stake by acquiring up to 13.86 million shares [24] - Yanpai Co.'s controlling shareholder intends to increase its stake by investing between 17 million to 34 million yuan [25] - Yuanzhu Co. plans to reduce its stake by up to 1% due to funding needs [26] - Xintonglian's shareholder plans to reduce its stake by up to 3% for operational needs [27]

证券代码：000048 证券简称：京基智农 公告编号：2025-026 深圳市京基智农时代股份有限公司 2025 年 6 月生猪销售情况简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 深圳市京基智农时代股份有限公司（以下简称"公司"）下属公司从事生猪 养殖业务，按照《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》 规定，深交所鼓励从事畜禽、水产养殖业务的上市公司每月通过临时公告形式披 露相关业务销售情况，公司参照该指引披露生猪销售情况。 一、2025年6月生猪销售情况 2025年6月，公司销售生猪17.64万头（其中仔猪2.12万头），销售收入3.10亿 元；商品猪销售均价15.15元/kg。 2025年1-6月，公司累计销售生猪106.21万头（其中仔猪15.31万头），累计销 售收入18.91亿元。 上述销售数据未经审计，与定期报告披露的数据之间可能存在差异，因此上 述数据仅作为阶段性数据供投资者参考。 | 月份 | 生猪销售数量（万头） | | 生猪销售收入（亿元） | | 商品猪价格（元/kg） | | --- | --- | --- ...

Group 1 - The company, Jingji Zhino, reported sales of 176,400 pigs in June 2025, generating a revenue of 310 million yuan [1] - The average selling price of commercial pigs was 15.15 yuan per kilogram [1] - For the first half of 2025, the company sold a total of 1,062,100 pigs, resulting in a cumulative revenue of 1.891 billion yuan [1]

Core Insights - The pig farming industry has experienced extreme fluctuations, transitioning from a period of high profitability to significant losses, highlighting the challenges faced by both established and new leaders in the sector [1][4][5] - The younger generation of pig farmers is adopting digitalization and innovative management philosophies to navigate the industry's challenges and explore new opportunities [1][14][22] Industry Overview - The pig farming sector has undergone a "super pig cycle," with peak profits in 2019-2020 where farmers could earn up to 3000 yuan per pig, followed by a prolonged downturn starting in June 2021, leading to cumulative losses over 21 months [4][5] - New Hope, a leading company in the industry, reported losses of 9.6 billion yuan in 2021 and 1.5 billion yuan in 2022, with expectations to emerge from the downturn by 2024 [4][5] Leadership Transition - The younger generation, represented by leaders like Liu Chang of New Hope, is facing unprecedented pressures and is actively seeking to innovate and revitalize their companies through a focus on efficiency and digital transformation [5][8][14] - Companies like Muyuan Foods are seeing a shift towards younger management teams, with over 40% of their leadership under 40 years old, emphasizing the importance of succession planning in the industry [9][13] Innovation and Digitalization - The adoption of digital tools and innovative practices is becoming crucial for survival and growth, with companies like Muyuan implementing ERP systems to enhance operational efficiency [13][14] - Younger leaders are exploring cross-industry opportunities, such as cultural IP development, to diversify their business models and adapt to changing consumer preferences [18][21] Future Outlook - The industry is witnessing a generational shift, with new leaders like Wen Jialong of Wens Foodstuffs entering the scene, focusing on brand development and cultural integration [16][18] - There is a growing recognition of the need for management philosophies rooted in Chinese culture, as the industry reflects on past practices and seeks sustainable growth strategies [22]

Summary of Key Points Core Viewpoint - The company has provided a guarantee for its wholly-owned subsidiary, Guangdong Jingji Zhino, to support its financing needs, which is deemed beneficial for the company's overall interests and within the approved guarantee limits [1][3]. Group 1: Guarantee Overview - The company has approved a guarantee limit of up to RMB 500 million for Guangdong Jingji Zhino, with a current guarantee balance of RMB 190 million after a recent guarantee to Shanghai Pudong Development Bank [2][3]. - The total external guarantee amount by the company and its subsidiaries is RMB 13.4 billion, with RMB 2.4 billion for subsidiaries and RMB 11 billion for other units/individuals [4]. Group 2: Financial Data of the Subsidiary - Guangdong Jingji Zhino has total assets of RMB 721.38 million and total liabilities of RMB 632.06 million as of December 31, 2024 [2]. - The net asset value of Guangdong Jingji Zhino is RMB 89.32 million, with a reported revenue of RMB 389.93 million and a net profit of RMB 58.06 million for the year 2024 [2]. Group 3: Guarantee Agreement Details - The guarantee covers the principal debt and associated costs, including interest, penalties, and legal fees, with a guarantee period extending three years beyond the debt fulfillment date [3]. - The company asserts that the guarantee is within the approved limits and poses controllable risks, ensuring no harm to the interests of shareholders, especially minority shareholders [3].

证券代码：000048 证券简称：京基智农 公告编号：2025-025 截至本公告披露日，公司及控股子公司实际对外担保余额为 20.05 亿元，占 公司最近一期经审计净资产的 46.72%，其中对下属公司担保余额为 19.22 亿元， 对其他单位/个人的担保余额为 0.83 亿元（均系为房地产项目购房客户提供的阶 段性按揭贷款担保及为饲料采购客户提供的担保）。敬请广大投资者注意投资风 险。 一、担保情况概述 （一）担保额度审议情况 深圳市京基智农时代股份有限公司（以下简称"公司"）第十一届董事会第 三次临时会议及 2024 年第四次临时股东大会分别于 2024 年 9 月 30 日、11 月 29 日审议通过《关于为下属公司提供担保额度的议案》，同意公司为全资子公司广 东京基智农时代有限公司（以下简称"广东京基智农"）提供担保额度不超过人 民币 5 亿元。详见公司披露于巨潮资讯网（www.cninfo.com.cn）的相关公告（公 告编号：2024-066、2024-087）。 （二）担保进展情况 近日，公司为广东京基智农向上海浦东发展银行股份有限公司深圳分行（以 下简称"浦发银行深圳分行"）申请授信额度 1 ...

Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights that the sentiment in the pork market is supporting an upward shift in pork prices, with the average price for external three-line pigs at 14.20 CNY/kg, reflecting a week-on-week increase of 1.43% [2][12] - The report emphasizes the importance of increasing soybean and oilseed production, with a focus on enhancing yield through advanced agricultural practices and the promotion of genetically modified varieties [1][11] - The report suggests that while short-term consumer demand is recovering, supply remains relatively loose, but medium to long-term projections indicate that pork prices may exceed expectations in the second half of 2025 due to slow recovery in production capacity [2][12] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs held a meeting to discuss the production and demand situation for soybeans and oilseeds, emphasizing the need to enhance production capacity and implement key measures for yield improvement [1][11] - The report identifies potential beneficiaries in the planting sector, including Beidahuang and Suqian Agricultural Development, and recommends companies with a strong first-mover advantage in the seed industry such as Dabeinong and Longping High-Tech [1][11] Swine Farming - The average price of external three-line pigs is reported at 14.20 CNY/kg, with a significant increase in slaughter volume and consumer demand noted [2][12] - The report indicates that the number of breeding sows has decreased slightly, and the profitability of self-breeding operations has turned positive, suggesting a potential for recovery in the swine sector [2][12] - Recommended stocks in the swine farming sector include companies like Muyuan Foods, Wens Foodstuff Group, and DeKang Agriculture [2][12] Key Agricultural Product Data Tracking - Corn: The average price is 2412.94 CNY/ton, with a week-on-week increase of 0.54% [26] - Wheat: The average price is 2440.61 CNY/ton, with a week-on-week increase of 0.46% [29] - Soybeans: The average price is 3946.32 CNY/ton, with a week-on-week increase of 0.21% [40] - Cotton: The average price is 14760.00 CNY/ton, with a week-on-week increase of 0.15% [45] Feed and Vitamin Prices - The average price of pig feed is reported at 2.69 CNY/kg, with a week-on-week increase of 0.75% [51] - Vitamin E prices have decreased by 10.02% to 80.80 CNY/kg [51][59]

Core Viewpoint - The announcement details the share pledge situation of Shenzhen Jingji Zhino Times Co., Ltd. and its controlling shareholder, Jingji Group, indicating that over 80% of the shares held by the controlling shareholder have been pledged, which may raise concerns among investors regarding potential risks [1][5]. Shareholder Share Pledge Situation - Jingji Group pledged 19,000,000 shares (3.58% of total shares) to Shenzhen Luohu Urban Development Co., Ltd. on June 16, 2025, with the pledge registration completed [1]. - As of the announcement date, the cumulative pledged shares by Jingji Group and its concerted actions amount to 303,050,949 shares, representing 57.15% of their total holdings [2]. Financial Data of Controlling Shareholders - Jingji Group's total assets as of March 31, 2025, were approximately 10,838.54 million yuan, with total liabilities of about 6,962.22 million yuan, resulting in an asset-liability ratio of 64.24% [3]. - Jingji Group reported a net loss of 13,618.63 million yuan for the first quarter of 2025, following a net loss of 63,241.38 million yuan for the entire year of 2024 [4]. Debt Situation - As of May 31, 2025, Jingji Group had interest-bearing loans totaling 874,242.60 million yuan, with repayment amounts due in the next six months and six months to one year being 41,087.5 million yuan and 71,337.5 million yuan, respectively [4][5]. - Jingji Times has no interest-bearing loans and does not have any overdue or default records [5]. Use of Pledged Shares - The pledged shares are intended to provide guarantees for the subsidiary companies of Jingji Group and are not for meeting operational needs. The repayment sources include income from real estate sales and rental income [5]. High Pledge Ratio Reasons - The high pledge ratio is attributed to Jingji Group's funding needs and providing guarantees for financing. Currently, there is no risk of forced liquidation, and the group plans to take measures to mitigate any potential risks [5]. Related Transactions - The total amount of related transactions with the company in the past year was 80.47 million yuan, with no loans provided to the company, but guarantees amounting to 50.17 million yuan [5][6]. Impact on Company Control - The share pledge will not lead to a change in the actual control of the company and will not affect its operations or governance [6].

深圳市京基智农时代股份有限公司 证券代码：000048 证券简称：京基智农 公告编号：2025-024 股东股份质押公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别风险提示： 截至本公告披露日，深圳市京基智农时代股份有限公司（以下简称"公司"） 控股股东京基集团有限公司（以下简称"京基集团"）及其一致行动人深圳市京 基时代实业有限公司（以下简称"京基时代"）累计质押股份数量占其所持公司 股份数量的比例已超过80%，敬请投资者注意相关风险。 公司接到控股股东京基集团关于其所持部分股份质押事项的通知，现将相关 情况公告如下： 一、股东股份质押情况 京基集团于2025年6月16日将其所持有的公司股份19,000,000股（占公司股份 总数的3.58%）质押给深圳市罗湖城市发展有限公司，并已在中国证券登记结算 有限责任公司办理质押登记手续。 | 股东 | 是否为控股股东 | 本次质押 | 占其所持 | 占公司总 | 是否为 | 是否为 | 质押 | 质押 | 质权人 | 用途 | | --- | --- | --- | --- | --- | --- | - ...