Market Overview - The planting industry sector increased by 0.95% on August 20, with Xue Rong Biological leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] Stock Performance - Key stocks in the planting industry and their performance include: - Xue Rong Biological (300511): Closed at 6.92, up 5.65% with a trading volume of 568,400 shares and a turnover of 387 million yuan [1] - Wanxiang Deno (600371): Closed at 9.85, up 5.01% with a trading volume of 329,000 shares and a turnover of 322 million yuan [1] - Honglian Zhaoshu (603336): Closed at 9.30, up 1.42% with a trading volume of 140,860 shares and a turnover of 38 million yuan [1] - Hainan Rubber (601118): Closed at 5.17, up 1.37% with a trading volume of 544,800 shares and a turnover of 280 million yuan [1] Capital Flow - The planting industry sector saw a net inflow of 139 million yuan from main funds, while retail investors experienced a net outflow of 139 million yuan [1] - Detailed capital flow for selected stocks includes: - Xue Rong Biological: Main funds net inflow of 50.77 million yuan, retail net outflow of 62.57 million yuan [2] - Wanxiang Deno: Main funds net inflow of 30.02 million yuan, retail net outflow of 13.87 million yuan [2] - Fengle Seed Industry (000713): Main funds net inflow of 14.37 million yuan, retail net outflow of 6.88 million yuan [2]

Investment Rating - The industry investment rating is "Positive" (maintained) [3] Core Insights - The USDA supply and demand report indicates an increase in U.S. corn acreage and yield, with global corn production (excluding China) forecasted to rise by 24.92 million tons to 990 million tons for the 2025/26 season, a year-on-year increase of 51.69 million tons [11] - U.S. soybean planting area has been unexpectedly reduced, with production estimates down by 1.29 million tons to 40.5 million tons, while the yield is projected to reach a record 53.6 bushels per acre [19] - Favorable weather conditions have improved EU wheat yields, but global wheat stock-to-use ratio has been revised down [29][30] Summary by Sections Corn - The USDA report raised the global corn production estimate (excluding China) for 2025/26 by 24.92 million tons to 990 million tons, with U.S. corn acreage up by 1.15 million acres and yield forecasted at a record 188.8 bushels per acre, potentially reaching a total of 42.5 million tons [11] - The ending stocks for global corn (excluding China) are projected to be 10.4 million tons, with a stock-to-use ratio of 10.8%, up 1 percentage point [11] Soybeans - The global soybean production estimate (excluding China) for 2025/26 has been reduced by 1.29 million tons to 40.5 million tons, with U.S. production down by 1.16 million tons to 11.7 million tons, reflecting a 2% year-on-year decrease [19] - The ending stocks for global soybeans (excluding China) are estimated at 8.152 million tons, with a stock-to-use ratio of 27.9%, down 0.4 percentage points month-on-month [19] Wheat - The global wheat production estimate (excluding China) for 2025/26 has been increased by 350,000 tons to 667 million tons, with U.S. production slightly down by 40,000 tons to 52.45 million tons [29] - The ending stocks for global wheat (excluding China) are projected to be 13.53 million tons, with a stock-to-use ratio of 20.5%, down 0.3 percentage points [30] Investment Recommendations - In the context of extreme weather and geopolitical tensions affecting grain prices, the report emphasizes the importance of seed source control for national food security, recommending focus on leading seed companies with transgenic advantages such as Longping High-Tech, Dabeinong, and Qianyinhai [38]

证券日报网讯丰乐种业（000713）8月12日在互动平台回答投资者提问时表示，截至2025年8月8日，公 司股东人数70487户。 ...

丰乐种业8月12日披露，截至8月10日公司股东户数为70487户，较上期（7月31日）减少515户，环比降 幅为0.73%。这已是该公司股东户数连续第6期下降，累计降幅达10.73%，也就是说筹码呈持续集中趋 势。 证券时报·数据宝统计，截至发稿，丰乐种业最新股价为7.21元，下跌0.28%，筹码持续集中以来股价累 计下跌2.04%。具体到各交易日，22次上涨，19次下跌。 融资融券数据显示，该股最新（8月11日）两融余额为1.74亿元，其中，融资余额为1.74亿元，股东户数 连降以来融资余额合计增加135.14万元，增幅为0.78%。 7月19日公司发布上半年业绩预告，预计实现净利润-3000.00万元至-2500.00万元，同比变动区间 为-34.28%~-11.90%。（数据宝） （文章来源：证券时报网） ...

证券日报网讯丰乐种业（000713）8月11日在互动平台回答投资者提问时表示，公司更名工作目前正在 办理工商变更登记，何时完成尚存在不确定性。 ...

证券之星消息，8月11日种植业板块较上一交易日下跌0.14%，诺 普 信领跌。当日上证指数报收于 3647.55，上涨0.34%。深证成指报收于11291.43，上涨1.46%。种植业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002215 | 诺普信 | 12.45 | -1.66% | 64.14万 | 7.97亿 | | 600598 | 北大荒 | 15.19 | -0.91% | 38.06万 | 5.75亿 | | 000713 | 丰乐种业 | 7.23 | -0.55% | 21.21万 | 1.53亿 | | 601952 | 苏垦农发 | 9.76 | -0.41% | 12.10万 | 1.18亿 | | 000998 | 隆平高科 | 10.01 | -0.40% | 19.89万 | 1.99 Z | | 600540 | 新畫股份 | 5.14 | -0.39% | 34.59万 | 1.78亿 | | 600313 | 农发种业 | 6.4 ...

Core Viewpoint - The recent management changes at Hefei Fengle Seed Industry Co., Ltd. coincide with a significant earnings forecast indicating expected losses for the first half of 2025, raising concerns about the company's performance amidst increasing competition and internal restructuring [1][5][8]. Management Changes - Vice General Manager Li Weidong has resigned due to work adjustments, effective immediately upon submission of his resignation, and will focus on his role as Chairman of Hubei Fengle Ecological Fertilizer Co., Ltd. [1] - Yuan Tao has been appointed as the new Vice General Manager, bringing a diverse background with experience in various sectors including government and engineering [2][3]. Earnings Forecast - The company anticipates a net profit loss ranging from 25 million to 30 million yuan, which is a deterioration compared to the previous year's loss of 22.34 million yuan [5]. - The expected net profit loss, excluding non-recurring gains and losses, is projected to be between 30 million and 35 million yuan, also worsening from last year's loss of 27.35 million yuan [5]. Business Segment Performance - In the seed industry segment, while revenue is declining, profits are increasing due to higher sales and improved margins of hybrid rice seeds, particularly the new "Leyou" and "Xiangliangyou" series [7]. - The agricultural chemical segment is a significant drag on overall performance, with both revenue and profits under pressure due to strategic reductions in low-margin product sales and challenges in the raw material market [7]. - The fertilizer segment, despite a revenue decline attributed to delayed planting seasons, has seen profit growth driven by high-margin specialty fertilizers and a turnaround in the mineral powder business [7]. - The spice business has shown weak performance, with both revenue and profits contracting due to poor market demand and declining prices of main products [7]. Future Outlook - The management changes and earnings forecast raise questions about how the new appointee, Yuan Tao, will leverage his cross-disciplinary background to drive growth, and how Li Weidong will focus on the fertilizer business in his new role [8]. - The company's ability to navigate increasing competition and internal adjustments to reverse its performance trajectory will be a focal point for investors [8].

Core Points - The legal opinion issued by Shanghai Jintiancheng (Hefei) Law Firm confirms the legality and validity of the convening and holding procedures of Hefei Fengle Seed Industry Co., Ltd.'s 2025 First Extraordinary General Meeting of Shareholders [1][10] - The meeting was convened by the company's board of directors and followed the required legal and regulatory procedures [2][3] - The meeting adopted a combination of on-site voting and online voting methods, with specific timeframes for each [2][13][15] Group 1: Meeting Procedures - The meeting was called on August 4, 2025, at 14:30, at the company's headquarters [13][14] - A total of 575 shareholders and their proxies attended the meeting, representing 186,089,236 shares, which is 30.3070% of the total voting shares [17][18] - The meeting's procedures were in compliance with the Company Law and the company's articles of association [3][9][16] Group 2: Voting Results - The proposal to change the company's name and amend the articles of association was approved with 185,680,333 votes in favor, accounting for 99.7803% of the valid votes [6][22] - Among minority shareholders, 93.7537% voted in favor of the proposal [7][23] - The proposal was classified as a special resolution and was passed with more than two-thirds of the voting rights present [8][22] Group 3: Legal Opinion - The law firm confirmed that all aspects of the meeting, including the qualifications of the convenor, attendees, agenda items, and voting procedures, complied with relevant laws and regulations [10][24] - The legal opinion will be published alongside the resolutions of the meeting [1][10]

证券代码：000713 证券简称：丰乐种业 公告编号：2025-034 合肥丰乐种业股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 一、会议召开和出席情况 （一）会议召开的情况 （1）现场会议召开时间为：2025 年 8 月 4 日（星期一）14:30 （2）网络投票时间：2025 年 8 月 4 日 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 8 月 4 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所 互联网投票系统进行网络投票的时间为 2025 年 8 月 4 日 9:15-15:00 期 间的任意时间。 楼五号会议室。 开。 票上市规则》等法律法规、规范性文件和《公司章程》的规定。 （二）会议的出席情况 出席现场大会的股东及股东授权委托代表 4 人，代表股份 通过网络投票的股东 571 人，代表股份 6,530,834 股，占上市公司 有表决权股份总数的 1.0636％。 出席本次大会的中小股东及股东授权委托代表共 573 人，代表股份 会议。 二、提案审议表决情 ...

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng (Hefei) Law Firm confirms the legality and validity of the procedures and resolutions of Hefei Fengle Seed Industry Co., Ltd.'s 2025 First Extraordinary General Meeting of Shareholders. Group 1: Meeting Procedures - The meeting was convened by the company's board of directors, and the notice of the meeting was published in accordance with relevant regulations [3][4]. - The meeting utilized a combination of on-site voting and online voting, with the online voting period set for August 4, 2025, from 9:15 to 15:00 [4]. Group 2: Attendance and Voting - A total of 575 shareholders and their proxies attended the meeting, representing 186,089,236 shares, which accounts for 30.3070% of the company's total shares [5]. - The voting results showed that 185,680,333 shares were in favor of the resolutions, representing 99.9998% of the valid votes cast [6]. Group 3: Resolutions and Legal Compliance - The resolutions discussed at the meeting were within the authority of the shareholders' meeting and aligned with the items listed in the notice [5]. - The legal opinion confirms that the meeting's procedures, attendance qualifications, and voting results comply with the Company Law and relevant regulations, making the resolutions legally valid [6].