（文章来源：证券日报） 证券日报网讯 2月2日，国投丰乐在互动平台回答投资者提问时表示，截至2026年1月30日，公司股东人 数67378户。 ...

Investment Rating - The report assigns an "Accumulate" rating for the industry [3] Core Insights - The price of piglets follows a clear historical pattern, with expectations for continued price increases followed by a decline around May/June. A significant capacity reduction cycle is anticipated in 2026, primarily occurring in the second half of the year, while stock prices are expected to start rising in the first half [5][6] - The report emphasizes that piglet prices are influenced by production patterns, with December and January being peak slaughter months, leading to increased demand for piglets. Conversely, supply remains relatively stable, which can lead to price increases when demand surges [7] - The report highlights that piglet prices do not correlate with pig price expectations and cannot be used to predict pig prices. The annual variations in piglet prices are consistent, while pig prices fluctuate yearly, indicating a lack of direct relationship [7] - The report recommends focusing on the pig farming sector, predicting a significant capacity reduction cycle in 2026. It suggests that the first half of 2026 will resemble the first half of 2023, with losses in fat pigs but profits in piglets, leading to a smoother capacity reduction after the anticipated price drop in May/June [7] - Key companies to watch include Muyuan Foods, Wens Foodstuff Group, Tiankang Biological, Juxing Agriculture, and Shennong Group, as their valuations are currently at the bottom, with potential for stock price increases as the industry faces losses and clearer capacity reduction trends [7][8] Summary by Sections Historical Price Trends - Piglet prices exhibit a clear historical trend, typically bottoming out in December/January and peaking in May/June. The fluctuations are tied to seasonal production patterns and demand cycles [5][7] Production and Supply Dynamics - The report discusses the relationship between supply and demand, noting that while supply is stable, demand spikes during certain months can lead to price increases. The cyclical nature of pig farming is highlighted, with adjustments made to align production with demand [7] Investment Opportunities - The report identifies a significant capacity reduction cycle in the pig farming industry for 2026, suggesting that investors should focus on companies with strong fundamentals and current low valuations, as they are likely to benefit from the anticipated market changes [7][8]

Core Viewpoint - The company is enhancing its breeding research system and integrating various technologies to innovate and improve its product offerings [2] Group 1: Breeding Research and Development - The company has established a scientific and comprehensive breeding research system [2] - It is increasing the introduction, creation, and improvement of germplasm resources [2] - The company is accelerating the application of new biotechnological breeding techniques [2] Group 2: Variety Development and Quality - The company is strengthening its variety tier construction and coordinating the introduction of transgenic traits and variety approval [2] - It aims to accelerate the research and development of multi-resistant new varieties [2] - The company is focused on improving the quantity and quality of variety approvals [2] Group 3: Collaboration and Innovation - The company is deepening external communication and cooperation [2] - It continues to leverage the role of the Joint Breeding Innovation Institute to enhance its research and innovation capabilities [2]

Group 1 - The core point of the article is that Guotou Fengle has reported its shareholder count as of January 20, 2026, which stands at 60,010 households [2]

Core Insights - The peanut seed industry is crucial for oil security and economic development, with the government implementing various policies to support its growth towards quality, intensification, and scale [5][6][8] - China's peanut processing industry is projected to reach a value of 214 billion yuan in 2024, with stable planting areas and increasing consumption [6][7] - The domestic peanut seed market is dominated by local varieties, with imports primarily for research purposes, and a recovery in trade expected in 2025 [9][10] Industry Overview - Peanut seeds are essential oil and economic crops, requiring strict quality standards, including a germination rate of ≥92% and purity of ≥98% [2][3] - The industry is characterized by a high domestic seed ratio of 98.7%, with a focus on high-oil and disease-resistant varieties [9][10] Policy Background - The government has positioned the seed industry as a key component of agricultural development, launching initiatives to enhance breeding innovation and regulatory frameworks [5][6] Current Development Status - China leads globally in peanut production, processing, and trade, with a total production of 19.23 million tons in 2024, accounting for 38.8% of the world's total [7][8] - The planting area remains stable at over 4.7 million hectares, with significant contributions from key provinces [7][8] Consumption Trends - The peanut consumption market is growing steadily, with a compound annual growth rate of 1.48%, driven by diverse applications including oil extraction and direct consumption [8] Import and Export Analysis - The peanut seed trade is characterized by significant fluctuations, with imports and exports expected to rebound in 2025 after a decline in 2024 [9][10] - The average import price has shown considerable volatility, influenced by factors such as scarcity and logistics costs [10] Future Development Trends - The industry is expected to focus on specialized and resilient varieties, with advancements in breeding technology to shorten development cycles [11][12] - A shift towards an integrated and collaborative industry structure is anticipated, enhancing market concentration and service offerings [13] - Continuous policy support and market demand will drive standardization and internationalization efforts, promoting domestic seeds in emerging markets [14]

Group 1 - The company Guotou Fengle has completed its private placement work and has advised investors to refer to the relevant announcements for more details [2]

证券代码：000713 证券简称：国投丰乐 公告编号：2026-003 国投丰乐种业股份有限公司 关于持股 5%以上股东持股比例被动稀释的提示公告 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。 重要内容提示： 1.本次权益变动系国投丰乐种业股份有限公司（以下简称"公 司"）完成向特定对象发行A股股票导致公司股本结构发生变化，相 关股东的持股比例被动稀释，未触及要约收购。 2.本次权益变动不会导致公司控股股东及实际控制人发生变 化。 3.本次权益变动后，持有公司5%以上股份的股东合肥市建设投资 控股（集团）有限公司（以下简称"合肥建投"）持股比例从 9.24% 被动稀释至7.11%。 | 1．基本情况 | | | | --- | --- | --- | | 信息披露义务人 | 合肥市建设投资控股（集团）有限公司 | | | 住所 | 合肥市滨湖新区武汉路 229 号 | | | 权益变动时间 | 2026 年 1 月 21 日 | | | 股票简称 国投丰乐 | 股票代码 | 000713 | | 变动类型 （可多选） 增加□ | 一致行动人 减少☑ | 有□ ...

国投丰乐种业股份有限公司 向特定对象发行股票 上市公告书 保荐人（主承销商） 二〇二六年一月 1 国投丰乐种业股份有限公司上市公告书 发行人及全体董事、高级管理人员声明 本公司及全体董事、高级管理人员承诺本上市公告书不存在虚假记载、误 导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责任。 全体董事签名： | 戴登安 | 刘静 | 包跃基 | | --- | --- | --- | | 绳纬 | 李承波 | 张立阳 | | ______________ | ______________ | ______________ | | 郑晓明 | 刘松 | 王宏峰 | 国投丰乐种业股份有限公司 2026年1 月 19 日 1 国投丰乐种业股份有限公司上市公告书 发行人及全体董事、高级管理人员声明 本公司及全体董事、高级管理人员承诺本上市公告书不存在虚假记载、误 导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责任。 全体高级管理人员签名： 包跃基 李宗乐 费皖平 袁涛 顾晓新 国投丰乐种业股份有限公司 2026年1 月 19日 2 特别提示 一、发行股票数量及价格 1 、发行股票数量：18 ...

证券代码：000713 证券简称：国投丰乐 公告编号：2026-002 国投丰乐种业股份有限公司 关于向特定对象发行股票结果暨股本变动公告 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。 重要内容提示： 1.发行数量和价格 （1）发行数量：184,204,494 股人民币普通股（A 股） （2）发行价格：5.91 元/股 2.预计上市时间 （1）股票上市数量：184,204,494 股人民币普通股（A 股） （2）股票上市时间：2026 年 1 月 21 日（上市首日），新增股份上市首日公 司股价不除权，股票交易设涨跌幅限制 3.新增股份的限售安排 本次发行完成后，发行对象认购的股份自发行结束之日起 36 个月内不得转 让，自 2026 年 1 月 21 日（上市首日）起开始计算。本次发行对象所取得公司 发行的股份因公司分配股票股利、资本公积金转增等形式所衍生取得的股份亦 应遵守上述股份锁定安排。中国证监会另有规定或要求的，从其规定或要求。 一、本次发行概要 （一）本次发行履行的相关程序 1.内部决策程序 2024 年 11 月 13 日，国投丰乐种业股份有限 ...

之 上市保荐书 保荐人 中信建投证券股份有限公司 关于 国投丰乐种业股份有限公司 向特定对象发行 A 股股票 保荐人及保荐代表人声明 中信建投证券股份有限公司及本项目保荐代表人刘海彬、韩勇已根据《中华人民 共和国公司法》《中华人民共和国证券法》等法律法规和中国证监会及深圳证券交易所 的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业自律规范出 具上市保荐书，并保证所出具文件真实、准确、完整。 3-3-1 二〇二六年一月 国投丰乐种业股份有限公司向特定对象发行 A 股股票申请文件 上市保荐书 | 释 义 | 3 | | --- | --- | | 一、发行人基本情况 | 4 | | 二、本次发行情况 | 14 | | 三、保荐代表人、项目协办人及其他项目组成员情况 17 | | | 四、关于保荐人是否存在可能影响公正履行保荐职责情形的说明 20 | | | 五、保荐人承诺事项 | 21 | | 六、本次发行的决策程序 | 22 | | 七、保荐人关于发行人是否符合国家产业政策和板块定位的核查情况 23 | | | 八、对发行人持续督导期间的工作安排事项 25 | | | 九、保荐人认为应当说明的其 ...