Group 1 - The Ministry of Industry and Information Technology and five other departments issued a plan to enhance the adaptability of supply and demand for consumer goods, aiming for a significant optimization of the supply structure by 2027, with the formation of three trillion-level consumption fields and ten hundred-billion-level consumption hotspots [2] - The State Council Information Office will hold a press conference on November 27, 2025, to discuss policies related to enhancing the adaptability of supply and demand for consumer goods [2] - The National Development and Reform Commission will hold a news conference on November 27, 2025, to provide updates on relevant policies [2] Group 2 - Guangdong issued a plan to support enterprises in conducting industrial chain integration and mergers, aiming to enhance the competitive advantages of industrial clusters in the Guangdong-Hong Kong-Macao Greater Bay Area by 2027 [3] - The China Insurance Industry Association issued a risk warning regarding "Anwo Stock Insurance," clarifying that it is not an approved insurance institution and that stock investment losses are not covered by insurance [3] Group 3 - Changguang Huaxin has achieved mass production of 100G EML in the optical communication field, and 200G EML has begun sampling [5] - Shida Group noted that it has not engaged in business cooperation with Alibaba Cloud despite market rumors [6] - Jindike will not issue new quadrivalent influenza virus split vaccines this year [7] - Zhongshui Fishery reported no significant changes in its operating conditions and external environment [8] - Maoye Commercial is currently operating normally [9] - Industrial Fulian raised the upper limit for share repurchase to no more than 75 yuan per share [10] - China Iron and Steel's controlling shareholder plans to increase its stake in the company by 65 million to 130 million yuan [11] - Boda Pharmaceutical has not organized the production and sale of related influenza drugs, and it is expected that there will be no impact on the company's operating performance for a considerable period [11] - Muxi Co., Ltd. announced that the subscription date for its issuance is December 5 [11] - Pinming Technology may apply for a trading suspension if its stock continues to experience abnormal fluctuations [12]

Core Points - The company Zhongshui Fishery announced the election of Ye Shaohua as the chairman of the ninth board of directors, effective from November 25, 2025, to September 25, 2027 [1] Group 1: Leadership Changes - Ye Shaohua has been appointed as the chairman of Zhongshui Fishery, with his term starting on November 25, 2025, and ending on September 25, 2027 [1] - Ye Shaohua has held various positions in the industry, including roles at China National Fisheries Corporation and China Agricultural Development Group [1] - He has been serving as a director and general manager of Zhongshui Fishery since November 2018, and has been acting as the chairman and legal representative since April 2025 [1]

Group 1 - The agricultural, animal husbandry, and fishery sector experienced a decline on November 26, with the only agricultural ETF (159275) dropping by 0.5% by the end of the trading day [1][2] - Key stocks in the sector, particularly in aquaculture, faced significant losses, with Zhongshui Fishery hitting the limit down, and Zangzi Island and Guolian Aquatic Products falling by 9.19% and 7.22% respectively [1][2] - The Ministry of Agriculture and Rural Affairs has been signaling a focus on capacity regulation, emphasizing the need to stabilize the market for major livestock products [1][3] Group 2 - Tianfeng Securities noted that the pig price remains low, and under policy guidance, there is potential for capacity reduction, highlighting the importance of the pig farming sector's expectations [3] - The agricultural, animal husbandry, and fishery sector's valuation is currently at a relatively low level, suggesting it may be a good time for investment [3] - Huaxi Securities indicated that the pig farming industry is beginning to actively reduce capacity amid losses, with a potential upward shift in domestic pig prices in the medium to long term [4] Group 3 - The industry is facing pressures from falling market prices, rising epidemic risks, and policy guidance, which are expected to enhance the motivation for capacity reduction [4] - Most listed pig farming companies are currently valued at historical lows, indicating significant potential for long-term investment appreciation [4] - The only agricultural ETF (159275) tracks the CSI Agricultural Index, which includes leading companies in pig farming and covers various segments of the agricultural supply chain [5]

Group 1 - Aolide plans to raise no more than 300 million yuan through a simplified procedure for issuing shares to specific targets, with net proceeds allocated to the production base project for OLED display core materials and to supplement working capital [1] - Wanbang's subsidiary has obtained a 10-year exclusive agency for sildenafil oral suspension, which is suitable for patients with swallowing difficulties [2] - Titan Technology and its affiliate plan to jointly invest in increasing capital for its subsidiary, Micro Detection, raising its registered capital from 10 million yuan to 50 million yuan [3] Group 2 - Jindike will not issue new batches of quadrivalent influenza virus split vaccine this year, having produced approximately 1.56 million doses [4] - Aladdin intends to purchase 35% equity of Youke for 61.25 million yuan, funded by its own or raised capital [5] - Gujia Home's application for a private placement of A-shares has been approved by the Shanghai Stock Exchange [7] Group 3 - Honghe Technology's application for a private placement of A-shares has been approved by the China Securities Regulatory Commission [9] - Guangdian Yuntong has won contracts totaling 308 million yuan for the construction of an artificial intelligence application pilot base [10] - Shanghai Mechanical plans to repurchase B-shares worth no more than 278 million yuan [11] Group 4 - Weiling Co. is planning a change of control, with shares representing 7.76% of the total being transferred [14] - Jiugang Hongxing intends to invest 200 million yuan to establish a wholly-owned subsidiary focusing on high-quality special steel materials [16] - Zhongjian Technology has submitted an application for H-share listing [17] Group 5 - Sainuo Medical has received registration approval for its coronary product in Pakistan [18] - Huafeng Aluminum plans to acquire 100% equity of Huafeng Puen for 100 million yuan [20] - Fuda Co. intends to establish a wholly-owned subsidiary with an investment of 30 million yuan [22] Group 6 - Su Yan Jingshen's application for a private placement of shares has been approved by the Shanghai Stock Exchange [24] - Zhongchuang Co. has set the inquiry transfer price at 25.75 yuan per share [25] - Jinpu Garden has had a lawsuit involving 26.557 million yuan accepted by the court [29] Group 7 - ICBC has approved the appointment of Zhao Guid as vice president [30] - Betta Pharmaceuticals has had its drug registration application for ensartinib accepted [32] - Times New Materials plans to invest 6 million euros to establish a wholly-owned subsidiary in Serbia [34] Group 8 - China State Construction has appointed Chen Yong as vice president [36] - Dayang Electric plans to invest 10 million yuan to establish an industrial fund [38] - Advanced Digital has appointed Liu Zhigang as deputy general manager [39] Group 9 - Tianqi Co. plans to transfer 7% equity of Youqi Intelligent for 130 million yuan [40] - Xinguo has submitted an application for H-share issuance and listing [42] - Jinhongshun's shareholder has terminated a share reduction plan [43] Group 10 - Wanrun Co.'s actual controller plans to increase shareholding between 365 million yuan and 730 million yuan [44] - Suzhou High-tech plans to sell 47% equity of its medical device subsidiary for 604 million yuan [45] - Huayou Cobalt's subsidiary has signed a product supply agreement with Yiwei Lithium Energy for approximately 127,800 tons of materials [47] Group 11 - China Communications has won 10 important projects totaling approximately 2.539 billion yuan [49] - Nopushin plans to raise no more than 1.45 billion yuan through a private placement [50] - Yun Aluminum plans to acquire minority stakes in three subsidiaries for a total of 2.267 billion yuan [51] Group 12 - Xiamen Tungsten plans to establish a 500 million yuan merger fund with multiple parties [52] - Aotewei has signed a contract worth approximately 700 million yuan [54] - Hemai Co.'s shareholders plan to reduce their holdings by no more than 3% [56]

Core Viewpoint - Zhongshui Fishery experienced a trading halt today, with a total turnover rate of 9.89% and a transaction amount of 487 million yuan, reflecting a price drop of 10.34% [2] Trading Activity - The stock was listed on the Dragon and Tiger List due to a daily price deviation of -10.34%, with a net selling amount of 69.56 million yuan from brokerage seats [2] - The top five brokerage seats accounted for a total transaction of 154 million yuan, with a buying amount of 42.09 million yuan and a selling amount of 112 million yuan, resulting in a net selling of 69.56 million yuan [2] - The largest buying brokerage was GF Securities Co., Ltd. with a purchase amount of 13.45 million yuan, while the largest selling brokerage was Dongfang Securities Co., Ltd. with a selling amount of 27.15 million yuan [2] Fund Flow - The stock saw a net outflow of 74.69 million yuan in main funds today, with a significant outflow of 80.39 million yuan from large orders, while small orders saw a net inflow of 5.70 million yuan [2] - Over the past five days, the main funds have experienced a net outflow of 337 million yuan [2]

二、公司关注及核实情况说明 对于公司股票交易异常波动，公司对有关事项进行了核实，现将 相关情况说明如下： 1.公司前期披露的信息不存在需要更正、补充之处； 2.公司未发现近期公共传媒报道了可能或已经对本公司股票交 易价格产生较大影响的未公开重大信息； 3.近期公司经营情况及内外部经营环境未发生重大变化； 证券代码：000798 证券简称：中水渔业 公告编号：2025-046 中水集团远洋股份有限公司 关于股价异动的公告 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。 一、股票交易异常波动的情况 中水集团远洋股份有限公司（以下简称"公司"）股票（证券简 称：中水渔业；证券代码：000798）于 2025 年 11 月 25 日、11 月 26 日连续两个交易日收盘价跌幅偏离值累计超过 20%，根据深圳证券交 易所股票交易规则的相关规定，属于股票交易异常波动的情形。 4.公司、控股股东和实际控制人不存在关于本公司的应披露而未 披露的重大事项，或处于筹划阶段的重大事项； 5.公司控股股东、实际控制人在股票交易异常波动期间不存在买 卖公司股票的情形。 三、是否存在应披 ...

Core Viewpoint - Zhongshui Fisheries (000798) experienced a significant stock price drop, reaching the daily limit down after a period of rapid price increases, indicating potential volatility in the water product sector [1][3]. Company Performance - Zhongshui Fisheries is a central state-owned enterprise with its main business covering deep-sea fishing, seafood processing and trade, and marine fishery services [3]. - For the first three quarters of the year, the company reported total operating revenue of 2.967 billion yuan, a year-on-year decline of 8.67%, while net profit attributable to shareholders was 53 million yuan, a year-on-year increase of 230.08% [3]. - The company recorded a net loss of 33 million yuan in the third quarter, marking a shift from profit to loss compared to the second quarter [3]. - As of the end of the third quarter, the company's net assets were 410 million yuan, a year-on-year decline of 16.41%, continuing a downward trend for three consecutive years [3]. Industry Comparison - In comparison to peers in the industry, Zhongshui Fisheries has relatively weak profitability, with a sales gross margin of 5.11%, ranking second to last among listed fisheries companies [4]. - The company's debt level is high, with a debt-to-asset ratio of 71.69%, ranking second among listed fisheries companies [4]. - As of the end of the third quarter, the total liabilities of the company reached 4.216 billion yuan [4].

Group 1 - The company held its 12th meeting of the 9th Board of Directors on November 25, 2025, combining in-person and online attendance [3][4] - All 8 directors attended the meeting, confirming its legality and compliance with relevant laws and regulations [5][6] Group 2 - The board approved the election of Mr. Ye Shaohua as the Chairman of the 9th Board of Directors, with his term starting from the approval date until the end of the current board's term [6][16] - The voting results for the chairman election were unanimous, with 8 votes in favor and no opposition or abstentions [7][9] Group 3 - The board also approved the election of Mr. Ye Shaohua as the convener of the Strategic and ESG Committee, with the same term conditions as the chairman [8][17] - The committee will consist of Mr. Ye Shaohua, Mr. Zeng Yuexiang, Mr. Ma Zhankun, and Mr. Gu Ke [8][17] Group 4 - The board approved the revision of the General Manager's Work Rules, with details available on the official disclosure platform [10][12] - The voting results for the revision were also unanimous, with 8 votes in favor and no opposition or abstentions [11]

Group 1 - The company announced that it will hold the 12th meeting of the 9th Board of Directors on November 25, 2025 [1] - The meeting will review the proposal to elect Mr. Ye Shaohua as the chairman of the 9th Board of Directors [1]

格隆汇11月25日丨中水渔业(000798.SZ)公布，第九届董事会第十二次会议，审议通过了《关于选举公 司第九届董事会董事长的议案》，选举叶少华先生为公司第九届董事会董事长，任期自本次董事会审议 通过之日起至第九届董事会任期届满时止。根据《公司章程》的有关规定，叶少华先生自当选为公司董 事长之日起，为公司法定代表人。公司将按照有关规定办理法定代表人工商变更登记等事项。 ...