Core Viewpoint - The livestock farming sector is experiencing a positive trend, with an extended profit period expected for pig farming, driven by improved demand and favorable pricing dynamics [1][2]. Group 1: Market Performance - As of May 7, 2025, the China Livestock Breeding Index (930707) increased by 0.20%, with key stocks such as Shengnong Development (002299) rising by 1.89% and Yiduoli (300381) by 1.75% [1]. - The Livestock ETF (516760) rose by 0.16%, with a recent price of 0.63 yuan, and has seen a cumulative increase of 7.19% over the past three months, ranking in the top 25% among comparable funds [1]. - The average price of pork in national wholesale markets reached 20.96 yuan/kg on May 6, 2025, marking a 1.8% increase compared to pre-holiday levels [1]. Group 2: Financial Performance - In 2024, pig farming enterprises are projected to generate revenues of 437 billion yuan, a year-on-year decline of 1.28%, while net profit attributable to shareholders is expected to rise by 337.73% to 32 billion yuan [1]. - In Q1 2025, pig farming enterprises achieved revenues of 107.88 billion yuan, reflecting an 18.69% year-on-year increase, with industry net profit reaching 7.91 billion yuan, up 236.12% year-on-year [1]. Group 3: Supply and Demand Dynamics - As of Q2 2025, domestic demand for pigs is showing marginal improvement, with price support and a gradual transition into a phase of price increases [2]. - External factors, including rising feed raw material prices due to tariffs and increased costs of imported meat, are also contributing to favorable pricing for pigs [2]. Group 4: Valuation Metrics - The Livestock ETF, which tracks the China Livestock Breeding Index, has a current price-to-earnings ratio (PE-TTM) of 12.38, placing it in the 1.74% percentile over the past year, indicating a valuation lower than 98.26% of the time in the last year [2]. - The China Livestock Breeding Index includes companies involved in livestock feed, veterinary drugs, and livestock farming, reflecting the overall performance of related listed companies [2]. Group 5: Top Weighted Stocks - As of April 30, 2025, the top ten weighted stocks in the China Livestock Breeding Index include Haida Group (002311), Muyuan Foods (002714), and Wens Foodstuff Group (300498), collectively accounting for 69.38% of the index [2].

证券代码：000735 证券简称：罗牛山 公告编号：2025-018 罗牛山股份有限公司 2025 年 5 月 6 日 关于参加"2024 年度海南辖区上市公司业绩说明会暨 本公司及董事会全体成员保证公告内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特此公告。 投资者集体接待日"的公告 为推动辖区上市公司进一步建立董事会与投资者的良好沟通机 制，让投资者更准确地读懂年度报告、更全面地了解上市公司，切实 提高上市公司透明度和治理水平，海南证监局将与深圳市全景网络有 限公司、海南上市公司协会联合举办"2024 年度海南辖区上市公司 业绩说明会暨投资者集体接待日"活动，活动时间为 2025 年 5 月 13 日 14:00-17:00，平台登陆地址为：http://rs.p5w.net。 罗牛山股份有限公司 届时，公司主要高管人员将参加本次活动，通过网络在线交流形 式，就公司 2024 年年报披露、财务数据、公司治理、内部控制、发 展战略、经营状况、现金分红、重大事项、可持续发展等投资者所关 心的问题，与投资者进行"一对多"形式的沟通与交流。欢迎广大投 资者踊跃参与。 董 事 会 ...

Group 1 - The core viewpoint of the news is the performance of the China Securities Hainan Development Theme Index, which has seen a decline of 8.16% in the past month, 6.18% in the past three months, and 11.99% year-to-date [1] - The index reflects the overall performance of listed companies in Hainan Province, with a base date of December 31, 2012, set at 1000.0 points [1] - The top ten weighted companies in the index include Hainan Airport (11.25%), Zhongtung High-tech (8.34%), Hainan Rubber (7.33%), and others, indicating a diverse representation of sectors [1] Group 2 - The industry composition of the index shows that materials account for 22.33%, consumer staples for 20.37%, and industrials for 19.26%, highlighting the sectoral distribution within the index [2] - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December, ensuring that the index remains reflective of the market [2] - In special circumstances, the index may undergo temporary adjustments, such as when a sample company is delisted or undergoes significant corporate changes [2]

近期罗牛山（000735）发布2025年一季报，证券之星财报模型分析如下： 经营业绩显著下滑 罗牛山在2025年一季度的财务报告显示，公司营业总收入为4.51亿元，较去年同期下降了50.74%；归母 净利润为812.18万元，同比减少了91.36%；扣非净利润为414.95万元，同比降幅高达96.36%。这表明公 司在该季度的盈利能力受到了严重影响。 成本与费用增加 值得注意的是，本报告期罗牛山的三费(财务费用、销售费用和管理费用)占比上升明显，总和占总营收 的比例达到了15.45%，相比去年同期增长了29.5%。这进一步压缩了公司的利润空间。 主要财务指标恶化 从具体财务指标来看，公司的毛利率为16.75%，同比减少了1.97个百分点；净利率为3.71%，同比大幅 下降了58.62%。每股收益也从去年同期的0.08元降至0.01元，降幅为91.31%。此外，每股经营性现金流 为-0.04元，同比减少了79.32%，显示出公司在经营活动中的现金流出压力增大。 现金流状况堪忧 财报体检工具提示，公司需特别关注现金流状况。截至报告期末，货币资金为6.04亿元，较去年同期减 少了18.73%。同时，货币资金与流动负 ...

证券代码：000735 证券简称：罗牛山 公告编号：2025-017 关于召开 2024 年年度股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、召开会议基本情况 1、股东大会届次：2024 年年度股东大会。 2、股东大会的召集人：董事会。 3、会议召开的合法、合规性：本次股东大会会议召开符合有关 法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 4、会议召开的日期、时间： （1）现场会议时间：2025 年 05 月 23 日（周五）下午 14:55 （2）网络投票时间：通过深交所交易系统进行网络投票的具体 时间为：2025 年 05 月 23 日（周五）交易时间，即 9:15—9:25，9:30— 11:30 和 13:00 — 15:00 。 通 过 深 交 所 互 联 网 投 票 系 统 （http://wltp.cninfo.com.cn）进行网络投票的具体时间为：2025 年 05 月 23 日（周五）09:15 至 15:00 期间的任意时间。 5、会议的召开方式：现场表决与网络投票相结合的方式。 公司将通过深交所交易系 ...

证券代码：000735 证券简称：罗牛山 公告编号：2025-014 罗牛山股份有限公司 本公司及董事会全体成员保证公告内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 罗牛山股份有限公司（以下简称"公司"）2025 年 04 月 23 日以 书面送达、电子邮件及传真相结合方式向全体董事发出了召开第十届 董事会第十八次临时会议的通知。会议于 2025 年 04 月 25 日以通讯 表决的方式召开，应参加表决董事 7 人，实际参加表决董事 7 人。会 议的召开及审议等程序符合《公司法》等法律法规及《公司章程》的 规定，所作决议合法有效。 二、董事会会议审议情况 1、会议以 7 票同意、0 票反对、0 票弃权的表决结果，审议通过 了《2025 年第一季度报告》。 通过对公司 2025 年第一季度报告的审议，董事保证：公司 2025 年第一季度报告内容真实、准确、完整，不存在任何虚假记载、误导 性陈述或者重大遗漏。 本议案已经审计委员会会议审议通过。具体内容详见公司同日披 露的《2025 年第一季度报告》。 2、会议以 7 票同意、0 票反对、0 票弃权的表决结果，审议通过 了 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥450,809,628.15, a decrease of 50.74% compared to ¥915,189,066.73 in the same period last year[5] - Net profit attributable to shareholders was ¥8,121,762.48, down 91.36% from ¥109,521,086.68 year-on-year[5] - Basic and diluted earnings per share were both ¥0.0071, a decrease of 91.31% from ¥0.0951 in the same period last year[5] - Net profit for the period was ¥16.73 million, down from ¥82.09 million, reflecting a decrease of approximately 79.7% year-over-year[20] - Earnings per share (EPS) decreased to ¥0.0071 from ¥0.0817, a decline of approximately 91.3% year-over-year[21] Cash Flow - The net cash flow from operating activities was -¥50,273,398.80, representing a decline of 79.32% compared to -¥22,395,562.84 in the previous year[5] - The company reported a net cash outflow from operating activities of ¥50.27 million, compared to an outflow of ¥28.04 million in the previous period[22] - The net cash flow from investment activities was -232,988,603.59, compared to 723,146,827.88 in the previous period[23] - Total cash inflow from financing activities was 119,227,509.38, while cash outflow was 324,336,572.05, resulting in a net cash flow of -205,109,062.67[23] - The ending balance of cash and cash equivalents was 585,968,988.56, down from 756,247,486.67 in the previous period[23] - The company reported a cash outflow of 308,570,451.39 for debt repayment, significantly higher than the previous period[23] - The company’s cash and cash equivalents decreased by 488,371,065.06 during the reporting period[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,160,596,923.65, down 2.54% from ¥10,425,456,436.69 at the end of the previous year[5] - The total liabilities amount to ¥3,000,000,000.00, with a significant portion attributed to contract liabilities of ¥1,312,584,893.13[17] - The total liabilities decreased to ¥5.44 billion from ¥5.71 billion, a reduction of about 4.7%[18] - Total equity increased slightly to ¥4.73 billion from ¥4.72 billion, indicating a marginal growth of approximately 0.1%[18] Expenses - The net cash flow from operating activities was -¥50,273,398.80, representing a decline of 79.32% compared to -¥22,395,562.84 in the previous year[5] - Management expenses decreased by 37.34% to ¥48,502,029.64 compared to ¥77,408,529.69 in the previous year[10] - Research and development expenses were ¥1,909,160.17, down 42.12% from ¥3,298,386.06 year-on-year, with ongoing projects in preliminary stages[10] - Research and development expenses were reduced to ¥1.91 million from ¥3.30 million, a decrease of approximately 42.0% year-over-year[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 96,890[13] - The largest shareholder, Ronioushan Group Co., Ltd., holds 17.14% of shares, totaling 197,412,938 shares, with 156,205,000 shares pledged[13] Other Income - Other income increased by 55.17% to ¥10,801,127.15, attributed to higher government subsidies received compared to the previous year[11] - The company experienced a 2886.25% increase in non-operating income, reaching ¥10,610,431.41, primarily due to increased government subsidies[11] - The company reported an increase in other income to ¥10.80 million from ¥6.96 million, reflecting a growth of approximately 55.5% year-over-year[20] Inventory and Borrowings - Inventory increased to ¥2,719,646,860.50 from ¥2,639,383,818.25, reflecting a growth of approximately 3%[17] - Short-term borrowings rose to ¥107,000,000.00 from ¥79,807,673.49, an increase of about 34%[17] Audit and Accounting Standards - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[24] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[25]

证券代码：000735 证券简称：罗牛山 公告编号：2025-016 罗牛山股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召 开第十届董事会第十八次临时会议，审议通过了《关于续聘会计师事 务所的议案》，续聘中审众环会计师事务所（特殊普通合伙）（以下简 称"中审众环"）为公司 2025 年度审计机构，审计机构总费用为 144.5 万元（其中：财务审计机构费用为 109.5 万元，内部控制审计机构费 用为 35 万元，含差旅费和食宿费等）。中审众环已连续 10 年为公司 提供审计服务。中审众环遵循《中国注册会计师独立审计准则》及内 控审计相关规则规定，坚持独立、客观、公正的审计准则，勤勉尽责， 公允合理地发表了独立审计意见和内控审计意见，较好履行了双方签 订合同所规定的责任和义务。本事项须提交公司股东大会审议。 一、续聘会计师事务所的基本信息 （一）机构信息 本公司及董事会全体成员保证公告内容的真实、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、续聘的会计师事务所名称：中审众环会计师事务所（特殊普 通合伙）。 2、公司本次续聘审计机构事项符合财政部、国务院国资委、证 ...

罗牛山：2025年一季度净利润812.18万元，同比下降91.36% 金十数据4月25日讯，罗牛山公告，2025年第一季度营业收入4.51亿元，同比下降50.74%。净利润 812.18万元，同比下降91.36%。 ...

罗牛山股份有限公司 关于公司会计政策变更的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 罗牛山股份有限公司（以下简称"公司"）于 2025 年 04 月 17 日召开 的第十届董事会第十七次临时会议和第十届监事会第十三次会议，审议通 过了《关于公司会计政策变更的议案》，本次会计政策变更事项无需提交 公司股东大会审议，现将具体情况公告如下： 一、本次会计政策变更概述 证券代码：000735 证券简称：罗牛山 公告编号：2025-012 计准则——基本准则》和各项具体会计准则、企业会计准则 应用指南、 企业会计准则解释公告以及其他相关规定执行。 1、会计政策变更原因 2024年12月6日，财政部发布《企业会计准则解释第18号》（财会 [2024]24号），规定对于不属于单项履约义务的保证类质量保证产生的预 计负债进行会计核算时，应当根据《企业会计准则第13号——或有事项》 有关规定，按确定的预计负债金额计入"主营业务成本"和"其他业务成 本"等科目。该解释规定自印发之日起施行，允许企业自发布年度提前执 行。 2、会计政策变更日期 自2024年1月1日起执行。 ...