Group 1 - The controlling shareholder, Jingji Group, holds 119 million shares, accounting for 23.02% of the total shares [1] - Jingji Group plans to reduce its holdings through block trading by a maximum of 10.3793 million shares (2.00%) and through centralized bidding by a maximum of 5.1897 million shares (1.00%) between November 19, 2025, and February 18, 2026, totaling up to 15.569 million shares (3.00%) [1] - After the reduction, Jingji Group's direct shareholding will decrease to 104 million shares, representing 20.02%, while the combined shareholding with its concerted party, Jingji Times, will drop to 260 million shares, accounting for 50.11% [1]

本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 持有深圳市京基智农时代股份有限公司（以下简称"公司"或"本公司"） 股份 119,457,233 股（占公司总股本比例 23.02%）的控股股东京基集团有限公司 （以下简称"京基集团"）计划在本公告披露之日起十五个交易日后的三个月内 （即 2025 年 11 月 19 日至 2026 年 2 月 18 日），以大宗交易方式减持本公司股 份不超过 10,379,309 股（即不超过公司总股本比例 2.00%），以集中竞价方式减 持本公司股份不超过 5,189,654 股（即不超过公司总股本比例 1.00%），合计减 持本公司股份不超过 15,568,963 股（即不超过公司总股本比例 3.00%）。 证券代码：000048 证券简称：京基智农 公告编号：2025-057 深圳市京基智农时代股份有限公司 关于控股股东减持股份的预披露公告 本公司控股股东京基集团有限公司保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 若减持计划实施期间，公司发生分红、派息、送股、配股、资本公积金转增 股本等事项，则上述 ...

Core Insights - The aquaculture sector experienced a slight decline of 0.08% on October 24, with Xiaoming Co. leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Aquaculture Sector Performance - Yisheng Co. (002458) saw a closing price of 8.85, with an increase of 2.67% and a trading volume of 150,400 shares, totaling a transaction value of 134 million yuan [1] - Shengnong Development (002299) closed at 16.28, up 1.12%, with a trading volume of 136,800 shares and a transaction value of 222 million yuan [1] - Other notable performances include: - ST Tianshan (300313) at 8.43, up 0.60% [1] - Jinjidun Agricultural (000048) at 17.03, up 0.53% [1] - Muyuan Foods (002714) at 48.86, up 0.31% [1] - Xiaoming Co. (300967) led the decline with a closing price of 21.20, down 3.02% [2] Capital Flow Analysis - The aquaculture sector saw a net outflow of 153 million yuan from institutional investors, while retail investors contributed a net inflow of 11.67 million yuan [2] - Notable capital flows include: - Luoniushan (000735) with a net inflow of 5.14 million yuan from institutional investors [3] - Yike Foods (301116) with a net outflow of 1.90 million yuan from institutional investors [3] - Yisheng Co. (002458) experienced a net outflow of 2.22 million yuan from institutional investors [3]

Core Insights - The aquaculture sector experienced a slight increase of 0.28% on October 23, with Xiaoming Co. leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Aquaculture Sector Performance - Xiaoming Co. (300967) closed at 21.86, up 2.82% with a trading volume of 105,300 shares and a transaction value of 230 million [1] - Tianyu Biological (603717) closed at 9.17, up 2.12% with a trading volume of 152,700 shares and a transaction value of 140 million [1] - Other notable performers include Xiangjia Co. (002982) up 1.76%, Minhe Co. (002234) up 1.73%, and Xinwufeng (600975) up 1.57% [1] Capital Flow Analysis - The aquaculture sector saw a net inflow of 25.81 million from institutional investors, while retail investors contributed a net inflow of 4.57 million [2] - Major stocks like Jingji Zhino (000048) experienced a significant net outflow of 29.90 million from speculative funds [3] - Muyu Co. (002714) had a net inflow of 43.02 million from institutional investors, but also saw a net outflow of 26.25 million from speculative funds [3]

Core Viewpoint - The resignation of the securities affairs representative, Ms. Xiao Hui, has been officially announced by the company, effective immediately upon submission of her resignation to the board [1]. Group 1 - The company received a written resignation application from Ms. Xiao Hui, who resigned due to work arrangement reasons [1]. - The board expresses gratitude for Ms. Xiao Hui's diligent work and contributions during her tenure as the securities affairs representative [1].

Core Viewpoint - The stock price of Jingji Zhino has shown a slight increase recently, with a year-to-date decline of 0.73%, indicating a mixed performance in the market [1][2]. Group 1: Stock Performance - As of October 21, Jingji Zhino's stock price rose by 2.02% to 17.16 CNY per share, with a trading volume of 164 million CNY and a turnover rate of 1.84%, resulting in a total market capitalization of 9.1 billion CNY [1]. - Year-to-date, the stock has decreased by 0.73%, but it has increased by 1.84% over the last five trading days, 0.48% over the last 20 days, and 9.73% over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, Jingji Zhino reported a revenue of 2.387 billion CNY, a year-on-year decrease of 11.61%, and a net profit attributable to shareholders of 226 million CNY, down 3.97% year-on-year [3]. - The company has distributed a total of 2.73 billion CNY in dividends since its A-share listing, with 1.099 billion CNY distributed in the last three years [4]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders increased by 7.66% to 16,100, while the average circulating shares per person decreased by 7.19% to 32,656 shares [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 3.9876 million shares, an increase of 791,200 shares from the previous period [4].

Core Viewpoint - Jingji Zhino (000048) announced the resignation of its securities affairs representative, Ms. Xiao Hui, due to work arrangement reasons, effective immediately upon delivery of her resignation to the board of directors [1] Group 1 - The company’s board of directors received a written resignation application from Ms. Xiao Hui [1] - The resignation is effective from the date it was delivered to the board [1]

证券代码：000048 证券简称：京基智农 公告编号：2025-056 深圳市京基智农时代股份有限公司 关于证券事务代表辞职的公告 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。 深圳市京基智农时代股份有限公司（以下简称"公司"）董事会于近日收到公 司证券事务代表肖慧女士提交的书面辞职申请，肖慧女士因工作安排原因辞去公 司证券事务代表职务，其辞职申请自送达公司董事会之日起生效。 肖慧女士在担任公司证券事务代表期间认真履职，勤勉尽责，公司董事会对 其为公司做出的努力和贡献表示衷心感谢！ 特此公告。 深圳市京基智农时代股份有限公司 董事会 二〇二五年十月二十日 1 / 1 ...

Core Viewpoint - Shenzhen Jingji Zhino Times Co., Ltd. has received a written resignation application from Ms. Xiao Hui, the representative of the securities affairs, due to work arrangement reasons, effective from the date of delivery to the board of directors [1] Company Summary - Ms. Xiao Hui has resigned from her position as the representative of the securities affairs at Shenzhen Jingji Zhino Times Co., Ltd. [1]

Core Viewpoint - The report indicates a continued decline in pig prices, leading to increased losses in pig farming, with expectations of short-term price stabilization after significant drops [1][4]. Group 1: Pig Price Trends - The national average selling price of live pigs in September 2025 was 13.10 yuan/kg, down 4.86% month-on-month and 30.90% year-on-year [1]. - The slaughter volume in September 2025 was 4.5608 million heads, an increase of 5.12% month-on-month and 4.05% year-on-year [1]. - The average price of 7kg piglets fell to 183 yuan/head as of October 10, 2025, down 110 yuan/head year-on-year, indicating a significant decline in the piglet market [4]. Group 2: Supply and Demand Dynamics - The proportion of large pigs (over 150kg) in the market decreased to 4.91% as of October 9, 2025, down 0.16 percentage points week-on-week and 0.79 percentage points year-on-year, suggesting a tightening supply of large pigs [2]. - The price difference between lean and fat pigs was 3.97 yuan/kg as of October 9, 2025, down 0.13 yuan/kg month-on-month and 1.01 yuan/kg year-on-year, indicating weaker demand [3]. Group 3: Profitability and Financial Performance - The average loss per head for self-bred pigs in September 2025 was 7.27 yuan, marking a shift from profit to loss due to declining prices [4]. - The total number of pigs sold by 12 listed pig companies in September 2025 was 13.7749 million heads, an increase of 22.47% year-on-year [5]. - The average selling prices for major listed pig companies fell month-on-month, with declines ranging from 3.4% to 9% across different companies [6].