Group 1 - The company Guotou Fengle reported that as of September 19, 2025, the number of shareholders is 66,536 [2]

Market Overview - The planting industry sector experienced a slight decline of 0.0% on September 19, with Kangnong Seed Industry leading the drop [1] - The Shanghai Composite Index closed at 3820.09, down 0.3%, while the Shenzhen Component Index closed at 13070.86, down 0.04% [1] Stock Performance - Notable gainers in the planting industry included: - Xuecheng Biological (300511) with a closing price of 6.20, up 5.98% and a trading volume of 579,900 shares [1] - Xinong Development (600359) closed at 7.23, up 2.41% with a trading volume of 285,000 shares [1] - New Sai Co. (600540) closed at 4.89, up 1.88% with a trading volume of 481,300 shares [1] - Conversely, Kangnong Seed Industry (837403) saw a significant decline of 3.77%, closing at 24.78 with a trading volume of 33,900 shares [2] Capital Flow - The planting industry sector saw a net inflow of main funds amounting to 41.1 million yuan, while retail investors experienced a net outflow of 49.3 million yuan [2] - The main funds' net inflow for Xuecheng Biological was 49.99 million yuan, representing 13.84% of the total, while retail investors had a net outflow of 36.69 million yuan [3] - Notable stocks with significant capital flow included: - Nuofushin (002215) with a main fund net inflow of 40.82 million yuan and a retail net outflow of 24.92 million yuan [3] - Xin Sai Co. (600540) with a main fund net inflow of 32.42 million yuan and a retail net outflow of 39.81 million yuan [3]

Core Insights - The article highlights a trend of decreasing shareholder accounts among 803 companies, indicating a concentration of shares. Notably, 110 companies have seen a decline in shareholder accounts for more than three consecutive periods, with some like ST Huawen experiencing a drop for 12 periods, totaling a 14.42% decrease [1]. Group 1: Shareholder Account Trends - A total of 803 companies reported their latest shareholder account numbers as of September 10, with 110 companies showing a continuous decline for over three periods [1]. - ST Huawen has the highest decline, with 63,064 accounts, down 14.42% over 12 periods, while *ST Jinglun has 39,050 accounts, down 36.88% over 11 periods [1]. - Other companies with significant declines include Guotou Fengle, Su Yan Jingshen, and Dongfang Yuhong, indicating a broader trend of share concentration [1]. Group 2: Market Performance - Among the companies with declining shareholder accounts, 43 saw their stock prices increase, while 67 experienced declines. Notable gainers include Yanshang Yanshang, *ST Qingyan, and Dongfang Yuhong, with increases of 65.56%, 37.28%, and 31.03% respectively [2]. - 22 companies outperformed the Shanghai Composite Index, representing 20% of the declining shareholder accounts group, with Yanshang Yanshang, *ST Qingyan, and Lijure Neng showing relative returns of 57.48%, 28.43%, and 23.40% [2]. Group 3: Industry and Institutional Interest - The industries with the highest concentration of companies experiencing declining shareholder accounts include machinery equipment, basic chemicals, and pharmaceutical biology, with 21, 12, and 10 companies respectively [2]. - In terms of institutional interest, 17 companies with declining shareholder accounts were investigated by institutions in the past month, with Donggang Co., Dalian Heavy Industry, and Tengya Precision Engineering receiving the most attention [2].

证券日报网讯国投丰乐（000713）9月18日在互动平台回答投资者提问时表示，公司玉米种子用于大田 玉米种植，种植的玉米主要用于饲料和工业。 ...

Group 1 - The genetically modified (GM) concept sector declined by 0.79% as of the market close on September 16, ranking among the top declines in concept sectors, with companies like Batian Co., KQ Biotech, and Dunhuang Seed Industry experiencing significant drops [1] - The GM concept sector saw a net outflow of 153 million yuan in main funds today, with 13 stocks experiencing net outflows, and 6 stocks seeing outflows exceeding 10 million yuan. The stock with the highest net outflow was Shennong Seed Industry, with a net outflow of 30.19 million yuan [2] - Other companies with notable net outflows included Dunhuang Seed Industry, Nongfa Seed Industry, and Jincheng Pharmaceutical, with net outflows of 23.78 million yuan, 22.76 million yuan, and 21.20 million yuan respectively [2] Group 2 - The top net inflow stocks in the GM concept sector included KQ Biotech and Guotou Fengle, with net inflows of 4.89 million yuan and 0.99 million yuan respectively [3] - The GM concept sector's outflow leaderboard featured Shennong Seed Industry, Dunhuang Seed Industry, Nongfa Seed Industry, and Jincheng Pharmaceutical, all showing negative performance in terms of stock price changes [2][3]

Financial Performance - In the first half of 2025, the company's seed segment sales revenue decreased compared to the same period last year due to oversupply in the domestic corn seed market and increased competition [2] - The pesticide segment also saw a decline, primarily due to a strategic shift to reduce low-margin product sales and improve safety and environmental production standards [2] - Fertilizer business revenue dropped due to climate change affecting planting seasons, leading to delayed fertilizer demand [2] Strategic Development - Mergers and acquisitions (M&A) are a key development strategy, focusing on high-quality targets in the corn and rice seed industries [3] - The company is analyzing potential acquisition targets and plans to conduct M&A activities in the near future [3][7] - The company has committed to increasing investment in research and development, maintaining an annual investment intensity of over 8% [8] Capital Increase and Stock Performance - The pricing benchmark for the upcoming capital increase is set at 5.91 CNY per share, based on the average stock price over the 20 trading days prior to the board meeting on November 14, 2024 [4] - The company acknowledges that its stock price is influenced by macroeconomic conditions, industry trends, and market sentiment, and aims to enhance company value through internal growth and external M&A [10][20] Research and Innovation - The company is focusing on integrating conventional, biological, and information technologies to enhance the competitiveness of its seed varieties [8][9] - It is actively pursuing partnerships with core biotechnology firms and research institutions to accelerate the development of genetically modified corn varieties [9] Market Position and Challenges - The company holds a market share of only 15% in the national seed industry, significantly lower than the 60% share held by the top ten global seed companies [7] - The fragmented nature of the seed industry presents challenges for consolidation and growth, with a need for policies to protect intellectual property and support leading enterprises [7]

Core Viewpoint - The company is actively engaging in various sectors including corn and rice industries, mergers and acquisitions, agricultural chemicals, and a capital increase project, showcasing growth potential and strategic development plans [1][4][5][6]. Group 1: Corn Industry - The corn industry is experiencing revenue growth with multiple varieties such as Tie 391K, Tie 391, Fengle 520, and WK1505 being key contributors [2]. - Tie 391K, one of the first approved transgenic corn varieties in China, received its certification in December 2023 and has a significant promotion area in Jilin, Liaoning, Inner Mongolia, and Hebei [2]. - Fengle 520 is promoted in the Huang-Huai-Hai region, while WK1505 has shown excellent performance in Northeast China, setting new records for the company's new variety promotion [2]. Group 2: Rice Industry - The rice industry is focusing on differentiated and specialized development, enhancing its marketing network and regional resource integration [3]. - Sales of the Le You series, represented by Le You 966, and the Xiang Liang You series, represented by Xiang Liang You 676, are continuously increasing, with positive market feedback for other varieties [3]. Group 3: Mergers and Acquisitions - Mergers and acquisitions are a primary development strategy for the company, targeting high-quality acquisition candidates in the fragmented seed industry [4]. - The company plans to pursue acquisitions in the corn seed market across Huang-Huai-Hai, Southwest, and Northwest regions, as well as in the rice seed market in the middle and lower reaches of the Yangtze River [4]. Group 4: Agricultural Chemicals - The agricultural chemicals business experienced a decline in both revenue and net profit in the first half of 2025 due to various factors, including reduced production of raw materials and increased fixed costs [5]. - The company aims to enhance profitability by optimizing product structure and exploring market potential [5]. Group 5: Capital Increase Project - The company has received approval from the State-owned Assets Supervision and Administration Commission for a specific stock issuance project, which is currently under review by the Shenzhen Stock Exchange [6]. - The company is responding to inquiries from the Shenzhen Stock Exchange and is updating its semi-annual report data [6].

Group 1 - The core strategy of the company is mergers and acquisitions, particularly in the seed industry, which is characterized by a fragmented market with few quality targets available for acquisition [1] - The company plans to focus its acquisitions in the corn seed industry in the Huang-Huai-Hai, Southwest, and Northwest markets [1] - In the rice seed industry, the company will target acquisitions in the middle and lower reaches of the Yangtze River for medium indica rice, post-wheat rice, late rice markets, and high-quality rice markets in South China [1]

证券代码：000713 证券简称：国投丰乐 公告编号：2025-043 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。 重要提示：本报告所载的财务数据为公司财务部门初步核算数据， 未经审计，敬请广大投资者注意投资风险。 一、概述 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（2025年修订）》要求，现将本公司2024—2025种业经营年度经营情 况进行报告。 根据生产经营实际情况，本公司种子经营以上一年的8月1日至次年 的7月31日作为一个经营年度。本次披露数据为公司2024年8月1日到2025 年7月31日种业经营情况，总营业收入为种子业务收入，收入、销售数量 所占比例分别为占种子总营业收入、种子总销售数量的比例。 三、营业收入排名前五的业务大类经营情况 国投丰乐种业股份有限公司 2024-2025 种业经营年度经营情况报告 二、总体经营情况 单位：万元、万公斤 | 项目 | 2024 年 8 月 -2025 年 7 月 | 1 日 31 日 | 2023 年 8 -2024 年 7 | 月 1 日 月 31 日 | 同比增减 | | - ...

Group 1: Corn Industry - The company’s main corn varieties include Tie 391K, Tie 391, Fengle 520, and WK1505, with revenue growth in the current fiscal year [1] - Tie 391K is one of the first 37 genetically modified corn varieties approved in China, receiving certification in December 2023, and has a wide sales area covering Jilin, Liaoning, Inner Mongolia, and Hebei [1] - Fengle 520 is primarily promoted in the Huang-Huai-Hai region, recognized for its high quality and resistance, opening new market opportunities [2] - WK1505 is rapidly gaining traction in Northeast China, setting new records for the company’s recent variety promotions [2] Group 2: Rice Industry - The rice sector focuses on differentiated and specialized development, enhancing the marketing network and resource integration [2] - The sales of the Le You series and the Xiang Liang You series, including varieties like Nanying 676 and Zhongke Fa Zao Jiang, have seen continuous growth and market recognition [2] Group 3: Mergers and Acquisitions - Mergers and acquisitions are a key strategy for the company, targeting quality firms in the corn and rice seed industries [2] - Planned acquisitions in the corn seed sector will focus on the Huang-Huai-Hai, Southwest, and Northwest markets, while rice acquisitions will target the middle and lower reaches of the Yangtze River and high-quality rice markets in South China [2] Group 4: Agricultural Chemical Business - The agricultural chemical business experienced a decline in revenue and net profit in the first half of 2025 due to multiple factors, including reduced production to enhance safety and environmental standards [3] - The decrease in prices for self-produced raw materials and formulations, along with increased fixed costs from safety investments, contributed to the decline [3] - The company plans to enhance product value, improve channel coverage, and mitigate operational risks in the second half of the year [3] Group 5: Capital Increase Project - The company’s application for a private placement of shares has been approved by the State-owned Assets Supervision and Administration Commission and is under review by the Shenzhen Stock Exchange [3] - The company is currently updating application documents and responses based on the half-year report data [3]