Company Overview - Luo Niu Shan Co., Ltd. is located in Haikou City, Hainan Province, and was established on December 19, 1987, with its listing date on June 11, 1997. The company primarily engages in pig farming and slaughtering, cold chain business, real estate, and education services [1]. - The revenue composition of the company includes: livestock farming 64.60%, food processing 13.46%, education 7.73%, real estate 7.16%, warehousing and logistics 4.05%, and others 2.99% [1]. Stock Performance - As of September 22, Luo Niu Shan's stock price decreased by 2.01%, trading at 6.35 CNY per share, with a total market capitalization of 7.312 billion CNY [1]. - Year-to-date, the stock price has declined by 4.37%, with a 3.64% drop over the last five trading days and a 1.55% drop over the last 20 days, while it has increased by 3.25% over the last 60 days [1]. Financial Performance - For the period from January to June 2025, Luo Niu Shan reported a revenue of 1.084 billion CNY, a year-on-year decrease of 42.86%, and a net profit attributable to shareholders of -6.7171 million CNY, a year-on-year decrease of 102.45% [2]. - The company has distributed a total of 200 million CNY in dividends since its A-share listing, with 69.0908 million CNY distributed over the last three years [3]. Shareholder Information - As of September 10, the number of shareholders for Luo Niu Shan was 93,900, a decrease of 0.11% from the previous period, with an average of 12,256 circulating shares per shareholder, an increase of 0.11% [2]. - As of June 30, 2025, the top ten circulating shareholders included several ETFs, with notable increases in holdings from institutions such as Guotai Zhongxin Livestock Breeding ETF and Southern Zhongxin 1000 ETF [3].

证券日报网讯 罗牛山（000735）9月19日在互动平台回答投资者提问时表示，海南（潭牛）文昌鸡股份 有限公司是公司的参股公司，近年来其业务处于快速发展和规模扩张阶段，为支持市场拓展和产能建 设，利润主要用于再投入，因此暂未进行现金分红。公司将持续关注其经营发展，积极维护上市公司投 资权益。相关信息请以公司公开披露的定期报告和公告为准。 ...

Group 1 - The horse racing concept index rose by 0.82%, ranking 7th among concept sectors, with four stocks increasing in value, including *ST Zhengping which hit the daily limit, and Xinhua Du and Luoniushan showing gains of 2.78% and 0.31% respectively [1] - The main capital outflow from the horse racing concept sector amounted to 135 million yuan, with Xinhua Du receiving the highest net inflow of 8.26 million yuan [2][3] - The net inflow ratios for stocks like Zhujiang Piano and Xinhua Du were 10.77% and 1.66% respectively, indicating strong interest in these stocks despite the overall sector's outflow [3] Group 2 - The horse racing concept was among the top-performing sectors today, with a notable increase compared to other sectors such as the reducer and humanoid robot concepts, which saw declines of 2.68% and 2.17% respectively [2] - The trading volume and turnover rates varied significantly among the stocks in the horse racing concept, with *ST Zhengping showing a high turnover rate of 20.94% despite a negative net capital flow [3]

（记者 张明双） 罗 牛 山（000735.SZ）9月19日在投资者互动平台表示，海南（潭牛）文昌鸡股份有限公司是公司的参 股公司，近年来其业务处于快速发展和规模扩张阶段，为支持市场拓展和产能建设，利润主要用于再投 入，因此暂未进行现金分红。公司将持续关注其经营发展，积极维护上市公司投资权益。相关信息请以 公司公开披露的定期报告和公告为准。 每经AI快讯，有投资者在投资者互动平台提问：董秘您好：请问由公司大股东控股，公司持股多年的 文昌鸡公司这么多年总共给公司分配多少利润了？ ...

Core Viewpoint - The company, 罗牛山, has experienced a decline in stock price and is facing scrutiny regarding its involvement in agricultural insurance and futures trading [1][2]. Group 1: Stock Performance - As of September 17, 2025, 罗牛山's stock closed at 6.51 yuan, down 1.66%, with a turnover rate of 1.94% and a trading volume of 22.37 thousand shares, resulting in a transaction amount of 1.46 billion yuan [1]. Group 2: Company Responses - The company clarified that the "insurance + futures" price insurance pilot project reported by 海南日报 involved its subsidiary, 海南罗牛山种猪育种有限公司, and not 罗牛山集团, indicating a reporting error [2]. - 罗牛山集团 does not engage in futures trading and has not been involved in pig farming operations [2]. Group 3: Real Estate and Construction - The properties for 罗牛山调味品 and 力神咖啡 within the industrial park are registered under their respective names for construction purposes [3]. Group 4: Capital Flow - On September 17, the main funds saw a net outflow of 18.14 million yuan, accounting for 12.43% of the total transaction amount; retail investors had a net inflow of 21.00 million yuan, representing 14.39% of the total transaction amount [4].

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：根据2021年3月21日海南日报报道人保财险海南省分公 司与罗牛山集团、浙商期货有限公司共同实施了生猪"保险+期货"价格保险试点。为罗牛山集团的850头 生猪提供了278.87万元的价格风险保障，公司不是密切关注了吗？ 罗牛山（000735.SZ）9月17日在投资者互动平台表示，1、经核查，2021年3月21日《海南日报》所报道 的生猪"保险+期货"价格保险试点项目，其参与主体实际为海南罗牛山种猪育种有限公司（注：公司子 公司），并非"罗牛山集团"，系报道笔误。 2、经了解，罗牛山集团未开立期货账户交易，其也未从事 生猪养殖业务。 ...

Group 1 - The A-share market for pork stocks has weakened, with several companies experiencing significant declines in their stock prices [1] - Bangji Technology saw a drop of over 8%, while Tianyu Biological fell over 6%, and Jinxinnong decreased by over 4% [1] - Other notable declines include Haida Group down over 3%, Longda Meishi and Dayu Biological both down over 2%, and Muyuan Foods down over 2% as well [1] Group 2 - Bangji Technology's market capitalization is 4.777 billion, with a year-to-date increase of 183.41% despite the recent decline of 8.45% [2] - Tianyu Biological has a market cap of 2.707 billion, with a year-to-date increase of 15.90%, experiencing a decline of 6.23% [2] - Jinxinnong's market capitalization stands at 3.937 billion, with a year-to-date increase of 23.17%, and a recent drop of 4.12% [2] - Haida Group has a market cap of 106.9 billion, with a year-to-date increase of 33.54%, and a decline of 3.19% [2] - Longda Meishi's market cap is 6.313 billion, with a year-to-date decrease of 26.14%, and a recent decline of 2.99% [2] - Dayu Biological has a market cap of 1.192 billion, with a year-to-date increase of 90.39%, and a decline of 2.90% [2] - Muyuan Foods has a market cap of 307 billion, with a year-to-date increase of 48.15%, and a decline of 2.02% [2]

证券日报网讯罗牛山9月15日在互动平台回答投资者提问时表示，公司始终秉持稳健经营和可持续发展 的理念。公司未来的发展将更加注重生产效率提升、种质资源优化和成本精细化管理，追求有质量的内 涵式增长。企业拓展的路径是多元的，公司会严格遵守行业政策与资本市场法规，审慎评估各类融资方 式，任何重大决策都将严格履行审议及披露程序，切实保障投资者利益。 （文章来源：证券日报） ...

证券日报网讯罗牛山（000735）9月12日在互动平台回答投资者提问时表示，截至2025年9月10日，公司 股东总户数约为9.39万户。 ...

Core Points - The horse racing concept sector experienced a decline of 0.07% as of the market close on September 11, with notable declines in stocks such as Xinhua Duh and Zhongti Industry [1] - Among the horse racing concept stocks, *ST Zhengping, Zhujiang Piano, and Hainan Rubber saw increases of 2.05%, 1.30%, and 0.56% respectively [1] Sector Performance - The top-performing sectors today included: - Co-packaged optics (CPO) with a rise of 6.64% - Copper cable high-speed connection up by 5.89% - AI PC increasing by 5.20% - Chinese AI 50 up by 5.15% - F5G concept rising by 5.10% [2] - Conversely, the horse racing concept was among the sectors with the largest declines, alongside dairy and football concepts [2] Capital Flow - The horse racing concept sector saw a net outflow of 162 million yuan, with five stocks experiencing significant outflows. Zhongti Industry led with a net outflow of 73.03 million yuan, followed by Xinhua Duh with 63.69 million yuan [2] - Stocks with net inflows included Zhujiang Piano and Hainan Rubber, with inflows of 8.65 million yuan and 8.37 million yuan respectively [2] Individual Stock Performance - The following stocks had notable capital flows: - Zhongti Industry: -2.56% change with a turnover rate of 8.21% and a net outflow of 73.03 million yuan - Xinhua Duh: -2.72% change with a turnover rate of 17.71% and a net outflow of 63.69 million yuan - *ST Zhengping: +2.05% change with a turnover rate of 7.41% and a net outflow of 5.25 million yuan [2]