Market Overview - The feed sector increased by 0.49% on November 3, with Boen Group leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Individual Stock Performance - Boen Group (001366) closed at 13.86, up 3.36% with a trading volume of 50,400 shares and a transaction value of 69.30 million [1] - Tiankang Biological (002100) closed at 7.55, up 2.30% with a trading volume of 319,500 shares and a transaction value of 240 million [1] - Zhenghong Technology (000702) closed at 7.30, up 1.53% with a trading volume of 76,200 shares and a transaction value of 55.31 million [1] - Jin Xin Nong (002548) closed at 5.01, up 1.42% with a trading volume of 315,900 shares and a transaction value of 155 million [1] - Zhongchong Co., Ltd. (002891) closed at 57.97, up 1.35% with a trading volume of 72,100 shares and a transaction value of 415 million [1] Capital Flow Analysis - The feed sector experienced a net outflow of 28.22 million from institutional investors, while retail investors saw a net inflow of 12.66 million [2] - The main capital inflow and outflow for selected stocks include: - Tiankang Biological: Net inflow of 16.15 million from main capital, but net outflow of 4.79 million from speculative capital [3] - Zhongchong Co., Ltd.: Net inflow of 11.32 million from main capital, with a significant net inflow of 22.82 million from speculative capital [3] - Dabeinong (002385): Net inflow of 3.82 million from main capital, but a net outflow of 20.27 million from speculative capital [3]

Market Overview - The feed sector increased by 0.67% on October 31, with Tianma Technology leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Individual Stock Performance - Tianma Technology (603668) closed at 14.23, up 3.27% with a trading volume of 239,900 shares and a turnover of 339 million yuan [1] - Other notable gainers include: - Lude Environment (688156) at 19.92, up 3.11% [1] - Bangji Technology (603151) at 25.74, up 2.92% [1] - Lusi Co., Ltd. (920419) at 18.50, up 2.89% [1] - Baiyang Co., Ltd. (002696) at 6.93, up 1.76% [1] Capital Flow Analysis - The feed sector saw a net inflow of 2.7495 million yuan from institutional investors, while retail investors experienced a net outflow of 68.2743 million yuan [2] - The main capital inflow was observed in: - Haida Group (002311) with a net inflow of 25.3688 million yuan from institutional investors [3] - Tiankang Biological (002100) with a net inflow of 17.8393 million yuan from institutional investors [3] Summary of Trading Data - The trading data for the feed sector includes: - Major stocks with significant trading volumes and turnover, such as: - Aonong Biological (603363) with a turnover of 216 million yuan [2] - Zhongchong Co., Ltd. (002891) with a turnover of 267 million yuan [2] - The overall sentiment in the feed sector appears mixed, with some stocks gaining while others faced declines [2][3]

证券代码：000702 证券简称：正虹科技 公告编号：2025-060 湖南正虹科技发展股份有限公司 关于为子公司提供担保的进展公告 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。 一、担保情况概述 湖南正虹科技发展股份有限公司（以下简称"公司"）于2025年8月26日召 开第九届董事会第二十八次会议，于2025年9月12日召开2025年第四次临时股东 大会审议并通过了《关于向银行申请综合授信额度并对子公司提供担保的议案》。 4、注册资本：500万元 5、成立日期：1995年07月05日 6、住所：安徽省淮北市相山区凤凰山工业园淮海西路8号 为满足公司及子公司经营业务拓展对资金的需求，公司拟为子公司向银行申 请授信融资提供总额合计不超过13000万元担保（最终以实际担保额度为准）, 担保种类包括一般保证、连带责任保证、抵押、质押、反担保等，其中向资产负 债率70%以下的子公司提供担保额度合计不超过9000万元，向资产负债率70%以上 的子公司提供担保额度合计不超过4000万元。担保范围为融资类担保（包括贷款、 银行承兑汇票、信用证、保函等业务），公司与子公司间 ...

Core Viewpoint - Zhenghong Technology's stock price has shown a mixed performance this year, with a year-to-date increase of 6.79% but a recent decline in the short term, indicating potential volatility in the market [2]. Company Overview - Zhenghong Technology, established on March 12, 1997, and listed on March 18, 1997, is located in Yueyang, Hunan Province. The company specializes in the research, production, and sales of various types of feed, agricultural industrialization, and investment in biotechnology projects [2]. - The company's main revenue sources are feed sales (76.37%), pig sales (16.72%), feed raw material sales (6.15%), and other product sales (0.76%) [2]. Financial Performance - For the period from January to September 2025, Zhenghong Technology achieved an operating income of 797 million yuan, representing a year-on-year growth of 1.55%. However, the net profit attributable to the parent company was a loss of 10.48 million yuan, although this reflects a significant improvement with a year-on-year growth of 52.88% [2]. - The company has cumulatively distributed 164 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Stock Performance - As of October 29, Zhenghong Technology's stock price was 7.08 yuan per share, with a market capitalization of 2.454 billion yuan. The stock has experienced a decline of 2.07% during the trading session [1]. - The stock has seen a decrease of 2.88% over the last five trading days, 0.84% over the last 20 days, and 8.76% over the last 60 days [2]. - The company had a net inflow of main funds amounting to 357,500 yuan, with a single large purchase accounting for 4.78% of the total [1].

Market Overview - The feed sector experienced a decline of 1.0% on October 28, with Lu Si Co. leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Individual Stock Performance - Zhongchong Co. (002891) saw a closing price of 56.36, with an increase of 3.49% and a trading volume of 87,800 shares, totaling 492 million yuan [1] - Guibao Pet (301498) closed at 72.62, up 3.04%, with a trading volume of 64,800 shares and a total transaction value of 467 million yuan [1] - Lu Si Co. (920419) led the decline with a closing price of 17.56, down 2.71%, and a trading volume of 17,200 shares, amounting to 30.36 million yuan [2] - Haida Group (002311) closed at 56.69, down 2.56%, with a trading volume of 106,400 shares and a total transaction value of 604 million yuan [2] Capital Flow Analysis - The feed sector experienced a net outflow of 101 million yuan from institutional investors, while retail investors saw a net inflow of 80.56 million yuan [2] - The main capital inflow and outflow for selected stocks showed varied trends, with Zhongchong Co. having a net inflow of 23.57 million yuan from institutional investors [3] - Haida Group had a net inflow of 15.68 million yuan from institutional investors, while experiencing a net outflow of 2.16 million yuan from retail investors [3]

Core Insights - The company reported a total operating revenue of 797 million yuan for Q3 2025, an increase of 12.17 million yuan compared to the same period last year, representing a year-on-year growth of 1.55% [1] - The net profit attributable to shareholders was -10.48 million yuan, an increase of 11.76 million yuan compared to the same period last year, marking four consecutive years of improvement [1] - The net cash flow from operating activities was -36.11 million yuan, an increase of 34.22 million yuan compared to the same period last year [1] Financial Ratios - The latest debt-to-asset ratio is 41.99%, ranking 4th among disclosed peers, a decrease of 5.40 percentage points from the previous quarter and a decrease of 15.77 percentage points from the same period last year [3] - The latest gross profit margin is 7.04%, an increase of 1.90 percentage points from the same period last year, achieving three consecutive years of growth [3] - The latest return on equity (ROE) is -2.98%, an increase of 2.46 percentage points from the same period last year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is -0.03 yuan, an increase of 0.03 yuan compared to the same period last year, marking four consecutive years of improvement [3] - The latest total asset turnover ratio is 1.31 times, ranking 3rd among disclosed peers, an increase of 0.25 times from the same period last year, representing a year-on-year growth of 23.11% [3] - The latest inventory turnover ratio is 8.91 times, ranking 2nd among disclosed peers, an increase of 1.73 times from the same period last year, achieving five consecutive years of growth, with a year-on-year increase of 24.08% [3] Shareholder Information - The number of shareholders is 32,000, with the top ten shareholders holding 172 million shares, accounting for 49.52% of the total share capital [3] - The top shareholders include: 1. Yueyang Guansheng Investment Development Co., Ltd. - 23.01% 2. Yueyang Guansheng Agricultural Technology Co., Ltd. - 11.6% 3. Yueyang Quyuan Agricultural Reclamation Co., Ltd. - 7.70% [3]

Group 1 - The core point of the article is that Zhenghong Technology has announced its external guarantee amounts and revenue composition, highlighting its financial stability and business focus [1] Group 2 - As of the announcement date, the total external guarantee amount by the company and its subsidiaries is 442 million yuan, with a total balance of 102 million yuan, accounting for 28.17% of the company's latest audited net assets [1] - The total guarantee amount provided to entities outside the consolidated financial statements is 37.786 million yuan, representing 10.41% of the company's latest audited net assets, with no overdue or litigation-related guarantees [1] - For the first half of 2025, the revenue composition of Zhenghong Technology is as follows: feed industry accounts for 82.52%, breeding industry accounts for 16.72%, other businesses account for 0.53%, and other industries account for 0.23% [1] - The current market capitalization of Zhenghong Technology is 2.5 billion yuan [1]

六、累计对外担保数量及逾期担保的数量 证券代码：000702 证券简称：正虹科技 公告编号：2025-059 湖南正虹科技发展股份有限公司 更正公告 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。 湖南正虹科技发展股份有限公司（以下简称"公司"）于2025年10月28日披 露的《关于子公司向银行申请授信并由公司提供担保公告》（公告编号：2025-056）， 经事后检查发现，公告中部分数据存在错误,现予以更正如下： 更正前： 六、累计对外担保数量及逾期担保的数量 截至本公告披露日，公司及其控股子公司对外担保额度总金额44,200.00万 元(含本次担保金额)，公司及控股子公司对外担保总余额为10,227.80万元，占 公司最近一期经审计净资产的28.17%。公司及其控股子公司对合并报表外单位提 供的担保总余额3,778.60万元，占公司最近一期经审计净资产的10.41%，无逾期 及涉及诉讼的担保。 除上述更正内容外，原公告其他内容保持不变，由此给投资者造成的不便， 敬请广大投资者谅解。 特此公告。 湖南正虹科技发展股份有限公司董事会 截至本公告披露日，公司及其控 ...

证券代码：000702 证券简称：正虹科技 公告编号：2025-056 湖南正虹科技发展股份有限公司 关于子公司向银行申请授信并由公司提供担保的公告 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。 湖南正虹科技发展股份有限公司（以下简称"公司"）于2025年10月24日召 开第九届董事会第二十九次会议，审议并通过了《关于子公司向银行申请授信并 由公司提供担保的议案》，具体情况如下： 一、授信情况概述 公司拟为子公司本次向银行申请授信融资提供总额合计不超过4000万元担 保（最终以实际担保额度为准）,担保种类包括一般保证、连带责任保证、抵押、 质押、反担保等。担保范围为融资类担保（包括贷款、银行承兑汇票、信用证、 保函等业务），公司与子公司间担保的具体金额在上述额度范围内根据实际情况 分配。担保期限为12个月，自公司股东大会审议通过之日起生效。担保额度在有 效期内可以循环使用。董事会提请股东大会授权公司法定代表人或其授权代理人 在上述担保额度内代表公司办理相关业务,并签署有关法律文件。 子公司融资担保明细表 单位：万元 | 被担保方 | 持股比例 | 拟提供担保 ...

Group 1 - The total external guarantee amount by Zhenghong Technology and its subsidiaries is 442 million yuan, with a total balance of 48.93 million yuan, accounting for 13.48% of the company's latest audited net assets [1] - The total guarantee amount provided to off-balance sheet entities is 34.84 million yuan, representing 9.6% of the company's latest audited net assets, with no overdue or litigation-related guarantees [1] - As of the report date, Zhenghong Technology has a market capitalization of 2.5 billion yuan [1] Group 2 - For the first half of 2025, the revenue composition of Zhenghong Technology is as follows: feed industry accounts for 82.52%, breeding industry accounts for 16.72%, other businesses account for 0.53%, and other industries account for 0.23% [1]