Group 1 - The company, Jingji Zhino, stated that it will continuously monitor and adapt to national policies to maintain its development potential [2] - The company plans to reasonably arrange its production schedule based on its strategic planning and the market conditions in various regions [2]

Group 1 - The company, Jingji Zhino, responded to investor inquiries on an interactive platform, indicating that it has a historical investment in an e-commerce company that ceased operations in January 2002 [2]

Core Viewpoint - The company is providing a guarantee limit for its subsidiary based on the actual business development needs, which is expected to promote stable and sustainable operations [1] Group 1 - The specific guarantee amount will be determined by the final agreements signed with relevant financial institutions [1] - The company currently enjoys a favorable financing environment, indicating a stable overall financial situation [1] - The acceleration of real estate project liquidation contributes to the company's stable funding position [1]

Group 1 - The core viewpoint of the article is that the company, Jingji Zhino (000048.SZ), is actively developing a comprehensive supply chain by collaborating with major slaughterhouses and retail channels in the Greater Bay Area [1] - The company aims to strengthen its supply chain and further enhance its consumer layout in the future [1]

Core Viewpoint - The company, Jingji Zhino, has announced the termination of its previous share reduction plan by its controlling shareholder and has committed to not reducing shares for the next six months, alongside a share buyback plan to protect company value and shareholder rights [2] Group 1: Share Buyback and Management Commitment - Jingji Zhino plans to repurchase shares with a total amount between 100 million and 200 million yuan, expecting to buy back between 4.2194 million and 8.4388 million shares, which represents 0.80% to 1.59% of the total share capital [2] - The repurchased shares will be used for equity incentives or employee stock ownership plans to enhance internal motivation [2] Group 2: Business Performance and Financials - For the first three quarters of 2025, Jingji Zhino achieved operating revenue of 3.67 billion yuan and a net profit of 298 million yuan, with the breeding business contributing 2.896 billion yuan [3] - The company has effectively controlled costs, with a total cost of approximately 13.4 yuan/kg from January to September, and aims to reduce this to 12 yuan/kg by 2026 [3] - The company has established over 12 service departments in the Guangdong and Guangxi regions to support cooperative farmers, achieving a high survival rate of 98% for signed breeding households [3] Group 3: Future Strategy and Market Position - Jingji Zhino is focused on its core business to meet consumer demand for high-quality pork products while solidifying its cost and quality advantages [4] - The company is also optimizing its financial structure, with a debt-to-asset ratio of 59.20% as of the end of the third quarter of 2025, showing a decrease of 1.05% from the previous year [3]

2025年前三季度，公司实现营业收入36.70亿元，归母净利润2.98亿元，其中养殖业务实现营业收入 28.96亿元，在行业调整期继续保持稳健经营态势。成本管控方面，1月-9月公司完全成本约13.4元/kg， 降本成效显著；1月-10月生猪销售均价约14.7元/kg，位居行业前列，支撑长期盈利空间。2026年，公司 力争将完全成本降至12元/kg，进一步降本增效发展，持续巩固盈利护城河。 产能方面，公司积极响应国家宏观调控政策，主要聚焦于现有产能的释放与精细化管理，同时新布局代 养业务为补充。截至目前，京基智农已在两广地区设立超12个服务部，为合作农户提供生猪养殖全流程 服务，带动农户增收增产，优秀签约养户批次存活率高达98%。2025年底公司代养存栏规模预计将超25 万头。 早在12月4日，京基智农举办了投资者电话交流会，公司董事长、总裁等核心管理层参会，回应市场关 切问题，长江证券、国泰海通证券、天风证券（601162）、广发证券等数十家机构及投资者参加。 公司管理层介绍，京基智农以现代农业为战略核心，以"服务粤港澳大湾区"为定位，布局生猪业务仅3 年就实现超百万头生猪出栏。凭借高标准的养殖体系与生物安全 ...

Core Viewpoint - Jingji Zhino announced the termination of its previous share reduction plan by the controlling shareholder, with core executives committing to not reduce their holdings in the next six months, alongside a share buyback plan to maintain company value and protect shareholder rights [1] Group 1: Share Buyback and Management Commitment - The company plans to repurchase shares totaling between 100 million and 200 million yuan, with a maximum buyback price of 23.70 yuan per share, expecting to buy back between 4.2194 million and 8.4388 million shares, representing 0.80% to 1.59% of the total share capital [1] - The repurchased shares will be used for equity incentives or employee stock ownership plans to stimulate internal motivation [1] Group 2: Business Performance and Financials - For the first three quarters of 2025, Jingji Zhino achieved operating revenue of 3.67 billion yuan and a net profit attributable to shareholders of 298 million yuan, with the breeding business generating 2.896 billion yuan in revenue [2] - The company reported a complete cost of approximately 13.4 yuan/kg from January to September, with a sales average price of about 14.7 yuan/kg for live pigs, positioning it favorably within the industry [2] - By 2026, the company aims to reduce complete costs to 12 yuan/kg to enhance efficiency and maintain profitability [2] Group 3: Capacity and Operational Strategy - Jingji Zhino is focusing on releasing existing capacity and fine management in response to national macro-control policies, while also expanding its contract farming business [2] - The company has established over 12 service departments in the Guangdong and Guangxi regions to provide comprehensive breeding services to partner farmers, achieving a high survival rate of 98% for signed farmers [2] - By the end of 2025, the company expects its contract farming inventory to exceed 250,000 pigs [2] Group 4: Financial Health and Real Estate Business - The company's asset-liability ratio improved to 59.20% by the end of the third quarter of 2025, a decrease of 1.05% from the previous year [2] - As of the end of October, the pig farming segment contributed approximately 452 million yuan in cash flow, indicating a stable overall financial situation [2] - The real estate business has limited remaining products for sale, with a significant urban renewal project expected to generate considerable cash flow in the future [2]

中国经济网北京12月9日讯京基智农（000048）(000048.SZ)昨日晚间发布关于控股股东提前终止减持计 划暨减持触及1%整数倍及减持结果的公告。公司于2025年12月5日下午收到控股股东京基集团关于提前 终止减持计划暨减持实施结果通知。 京基集团于2025年11月24日至2025年12月5日期间通过集中竞价方式减持公司股份5,053,600股，占总股 本比例0.97%，减持均价12.83元/股；于2025年11月21日至2025年12月5日通过大宗交易方式减持公司股 份9,416,000股，占总股本比例1.81%，减持均价12.03元/股。 本次减持后，京基集团及其一致行动人京基时代的合计持股数量由274,140,625股减少至261,171,025股， 占公司总股本的比例由52.82%下降至50.33%；2025年12月5日减持实施后，京基集团及其一致行动人权 益变动触及1%整数倍。 据新浪财经，京基集团最初持股2.25亿股，占总股本的43.04%。京基集团从2022年7月4日起，第一次减 持京基智农股份，截至2022年7月，累计减持公司股票2600万股，累计套现约5.11亿元。 2024年11月1 ...

Group 1 - Honghua Digital intends to acquire 49% equity of Shandong Yingkejie for 105 million yuan, resulting in full ownership of the company, which specializes in industrial inkjet technology [1] - Xue Ren Group's metal plate fuel cell stack project has passed final acceptance, delivering complete technical documentation and meeting performance requirements [2] - PIANO's controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [3] Group 2 - COSCO SHIPPING Specialised Carriers plans to invest 258 million yuan in Shenshan Port Investment Company, acquiring a 20% stake [4] - Jieshun Technology has won a management project for an underground parking lot, expecting over 70 million yuan in revenue by the end of the contract in 2031 [5] - Aerospace Rainbow is collaborating with Zhongtian Rocket to establish a company focused on artificial weather modification technology with a total investment of 50 million yuan [6] Group 3 - Purun Co. intends to acquire 49% equity of Nuoya Changtian through a combination of shares, convertible bonds, and cash, making it a wholly-owned subsidiary [7] - Dongfang Yuhong plans to sell a commercial property for 10.12 million yuan, expecting a significant asset disposal loss [8] - Tianqi Lithium is applying for designated delivery warehouse qualifications for lithium hydroxide at the Guangzhou Futures Exchange [9] Group 4 - Tianfu Communication is planning to issue H-shares on the Hong Kong Stock Exchange, with details yet to be finalized [10] - ST Yishite's controlling shareholder will transfer 4.18 million shares to Hubei Jingjiang Industrial Investment Group, changing the actual controller to the Jingzhou State-owned Assets Supervision and Administration Commission [11] - Dongwei Technology's directors and key technical personnel plan to reduce their holdings by up to 1.11% of the company's shares [12] Group 5 - Guojin Securities shareholders plan to reduce their holdings by a total of 0.72% of the company's shares [23] - Hongde Co. controlling shareholder and associated parties plan to reduce their holdings by up to 3% [24] - Aopu Mai's restructuring plan to acquire 100% of Pengli Bio has been approved by the exchange [26] Group 6 - Kosen Technology intends to sell 100% of Kosen Medical for 915 million yuan due to challenges in its business environment [28] - Rongsheng Petrochemical's subsidiary plans to transfer 100% of Rongsheng Energy (Zhoushan) to Rongsheng Holdings [29] - Jingji Zhino reported a cumulative sales revenue of 3.464 billion yuan from pig sales in the first 11 months of 2025 [30]

Group 1 - Chinese Premier Li Qiang will hold a "1+10" dialogue meeting with leaders of major international economic organizations on December 9, focusing on global governance and development [1] Group 2 - On December 9, a total of 9 companies will have their restricted shares unlocked, with a total of 1.13 billion shares and a market value of 12.531 billion yuan based on the latest closing price [2] - Among the companies, Ningbo Yiyang, Wanyuantong, and Juhe Materials have the highest unlock volumes, with 1.06 billion shares, 24.723 million shares, and 20.255 million shares respectively [2] - The companies with the highest unlock market values are Ningbo Yiyang at 9.932 billion yuan, Juhe Materials at 1.081 billion yuan, and Wanyuantong at 812 million yuan [2] Group 3 - On December 9, 14 companies disclosed progress on stock repurchases, with 3 companies announcing new repurchase plans and 4 companies having their plans approved by shareholders [3] - The companies with the highest proposed repurchase amounts are Taihe Intelligent at 2.1629 million yuan, Huayang Racing at 270.6 thousand yuan, and Jianbang Technology at 27.3 thousand yuan [3] - The total number of repurchase plans disclosed is 16, with 5 companies having completed their repurchase plans [3]