证券代码：000876 证券简称：新希望 公告编号：2025-76 债券代码：127015,127049 债券简称：希望转债，希望转2 根据《新希望集团有限公司 2023 年面向专业投资者非公开发行 可交换公司债券(第一期)募集说明书》（以下简称"募集说明书"）的约 定，在本期可交换债券发行后，当公司因派送现金股利使公司和/或 股东权益发生变化时，将按下述公式进行换股价格的调整（（保留小数 点后两位，最后一位四舍五入）：P1=P0-D。 新希望六和股份有限公司关于控股股东 非公开发行可交换公司债券（第一期）调整换股价格的 提示性公告 本公司控股股东新希望集团有限公司保证向本公司提供的信息内容真实、准 确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证信息披露的内容与信息披露义务人提供的信 息一致。 近日，新希望六和股份有限公司董事会（（以下简称"公司"）收到 控股股东新希望集团有限公司（以下简称"新希望集团"）关于 2023 年向专业投资者非公开发行可交换公司债券（（第一期）换股价格调整 的通知，具体如下： 一、控股股东可交换公司债券基本情况及换股价格调整依据 新希望集团有限公司（（以 ...

Core Insights - The "Top 100 Pre-made Dishes Companies in China" list was released at the third China International (Foshan) Pre-made Dishes Industry Conference, highlighting the dominance of Guangdong in the pre-made dishes sector [2][4][5]. Group 1: Rankings and Performance - The list features the top 100 companies in the pre-made dishes production sector, with Guangdong leading with 21 companies, followed by Shanghai with 11, and Shandong, Zhejiang, and Hunan each with 9 [6][11]. - The top-ranked company is Shuanghui Group from Henan, followed by Haidilao and Wens Foodstuff Group [8][10]. Group 2: Industry Composition - The majority of companies on the list are in food processing, accounting for 57 out of 100, while 22 are in the restaurant sector and 20 in agriculture, forestry, and animal husbandry [15][16]. - Guangdong's representation includes 9 companies in agriculture, forestry, and animal husbandry, 8 in food processing, and 4 in the restaurant sector [12][13]. Group 3: Evaluation Criteria - The rankings are based on data from major e-commerce platforms, company financial reports, consumer reputation, media evaluations, product innovation, and other metrics, using a big data evaluation model [21][23]. - The evaluation focuses on five key indicators: comprehensive strength, R&D capability, brand reputation, brand influence, and product competitiveness, with scores ranging from 0 to 100 [24][25]. Group 4: Regional Highlights - The top 20 Guangdong specialty ingredients list was also introduced, showcasing products from various cities, with Zhanjiang shrimp ranked first [31][36]. - The evaluation of specialty ingredients considers media exposure, export performance, cultural influence, and e-commerce market performance [33][35].

Core Viewpoint - The chemical industry is undergoing significant transformation driven by the dual goals of carbon neutrality and digitalization, responding to government mandates for energy reduction and carbon emission cuts [1][4]. Group 1: Industry Transformation - The State Council's "2024-2025 Energy Saving and Carbon Reduction Action Plan" emphasizes the need for energy efficiency upgrades in the petrochemical sector, with a target for outdated capacities to be either upgraded or eliminated by the end of 2025 [1]. - Chemical companies are increasingly focusing on high-end, intelligent, and green development strategies to seize the opportunities presented by industry upgrades [1][10]. - The partnership between New Hope Chemical and Schneider Electric aims to create energy management solutions that facilitate a green transition for Huaron Chemical [3][7]. Group 2: Digitalization and Energy Management - Huaron Chemical is focusing on digital upgrades as a core driver for innovation and growth, emphasizing the need for experienced teams in energy management and operations to ensure effective energy monitoring and management [4][10]. - The collaboration with Schneider Electric includes a comprehensive service system that covers the entire lifecycle of energy management, from consulting to operational management [5][7]. - The implementation of a customized energy management system allows for real-time monitoring and visualization of energy consumption, enhancing the ability to identify energy-saving opportunities [8]. Group 3: Performance Metrics and Recognition - Since the initiation of the digital transformation, Huaron Chemical has achieved a 35% increase in production efficiency and a 6% reduction in overall energy consumption, with cumulative savings exceeding 10 million yuan over three years [10]. - The company has received multiple accolades, including recognition as an "Outstanding Scene of Intelligent Manufacturing" by the Ministry of Industry and Information Technology and as a "Leader in Carbon Peak" in China [10]. - The transformation is viewed as a comprehensive restructuring of energy management and production operations rather than merely replacing equipment [10].

Core Viewpoint - Despite the continuous decline in pig prices, many listed pig farming companies are expected to report profits in the first half of 2025, primarily due to effective cost control measures [1][2][4]. Group 1: Company Performance - 14 pig farming companies have disclosed their performance forecasts for the first half of 2025, with 8 companies expected to turn losses into profits, including New Hope, Juxing Agriculture, and others [2][3]. - Muyuan Foods anticipates a net profit of 10.2 billion to 10.7 billion yuan, representing a year-on-year increase of 1129.97% to 1190.26%, driven by a 32.5% increase in pig sales [2][3]. - New Hope expects a net profit of 680 million to 780 million yuan, indicating a turnaround from losses, with improved production metrics and reduced costs [2][3]. - Shennong Group forecasts a net profit of 341 million to 420 million yuan, a year-on-year increase of 175.12% to 238.85%, attributed to a 40.93% increase in pig sales and lower raw material costs [3]. Group 2: Industry Trends - The pig farming industry is undergoing a "reverse involution" aimed at regulating sow capacity and boosting pig prices, with a focus on reducing the number of breeding sows by approximately 1 million [4][5]. - The top three companies, Muyuan Foods, Wens Foodstuff Group, and New Hope, account for over 78% of total pig sales, indicating a trend towards increased industry concentration [4]. - The average selling prices of pigs have declined significantly, with Muyuan Foods reporting an average price of 14.08 yuan/kg in June, down 21% year-on-year [4][6]. Group 3: Market Outlook - Experts express cautious optimism for the pig market in the second half of the year, predicting a seasonal price increase but not a significant rise due to ample supply [6]. - The reduction in breeding sow capacity and overall weight of pigs is expected to positively impact pig prices in the medium to long term [6]. - The focus of competition in the pig farming industry is shifting from mere scale expansion to cost control and quality improvement, emphasizing the importance of detailed management practices [6].

Core Viewpoint - The agricultural, forestry, animal husbandry, and fishery industry in the Shenzhen Stock Exchange shows a robust development trend, with significant profit growth expected for major companies in the sector in the first half of 2025 [1][2]. Group 1: Industry Performance - A total of 35 companies in the agricultural, forestry, animal husbandry, and fishery sector have disclosed their performance forecasts, expecting a combined net profit of between 15.4 billion to 16.8 billion yuan [1]. - The leading companies, including Muyuan Foods, New Hope Liuhe, and Fujian Shengnong Development, are key contributors to the industry's growth [1]. Group 2: Company Highlights - Muyuan Foods is projected to achieve a net profit of 10.2 billion to 10.7 billion yuan, representing a year-on-year increase of 1129.97% to 1190.26% [2]. - New Hope Liuhe expects a net profit of 680 million to 780 million yuan, with a year-on-year growth of 155.85% to 164.07% [2]. - Fujian Shengnong Development anticipates a net profit of 850 million to 950 million yuan, reflecting a year-on-year increase of 732.89% to 830.88% [2]. Group 3: Growth Drivers - Muyuan Foods attributes its profit increase to a rise in pig sales and a decrease in breeding costs, with the cost per kilogram dropping from 13.1 yuan to below 12.1 yuan [2]. - New Hope Liuhe's recovery is linked to successful biosecurity upgrades and improved production management, leading to reduced breeding costs despite lower average pig prices [3]. - Shengnong Development's growth is driven by a multi-channel strategy, cost advantages, and significant investment income from acquisitions [3][4]. Group 4: Future Outlook - Analysts are optimistic about the livestock industry's recovery, citing improved profitability and cost control among leading companies [5]. - The outlook for the domestic beef cycle is expected to turn positive in 2025, with a slight increase in pig output and stable prices anticipated [6]. - Companies are focusing on cost reduction and efficiency improvements to align with industry trends and support sustained growth [6].

证券代码：000876 证券简称：新希望 公告编号：2025-74 债券代码：127015,127049 债券简称：希望转债，希望转 2 2．本次权益分派方案披露至实施期间，公司可转债进行了转股， 同时办理了2022年限制性股票激励计划回购注销事项，回购注销了 2,337.22万限制性股票，导致公司股本总额减少23,369,384股。 按照分配总额不变的原则，公司2024年年度权益分派方案调整为： 以公司现有总股本4,502,570,853股为基数，向全体股东每10股派发 新希望六和股份有限公司 2024年年度分红派息实施公告 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。 新希望六和股份有限公司（以下简称"公司"）2024年年度权益 分派方案已获2025年6月18日召开的2024年年度股东大会审议通过， 现将权益分派事宜公告如下： 现金红利0.241245元（保留小数点后六位数，最后一位直接截取，不 四舍五入；含税），分红总额108,622,270.54元（含税）；本次不送红 股，不进行资本公积转增股本。 3．本次实施的权益分派方案与公司股东大会审议通过的权 ...

证券代码：000876 证券简称：新希望 公告编号：2025-75 债券代码：127015，127049 债券简称：希望转债，希望转 2 新希望六和股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、"希望转债"转股价格：调整前为 10.61 元/股，调整后为 10.59 元/股 2、"希望转 2"转股价格：调整前为 10.61 元/股，调整后为 10.59 元/股 3、转股价格调整起始日期：2025 年 7 月 25 日 一、关于"希望转债"、"希望转 2"转股价格调整的相关规定 新希望六和股份有限公司（以下简称"公司"、"上市公司"）于 2020 年 1 月 3 日公开发行了 40,000,000 张可转换公司债券（债券简 称：希望转债，债券代码：127015）、于 2021 年 11 月 2 日公开发行 了 81,500,000 张可转换公司债券（债券简称：希望转 2，债券代码： 127049）。根据《公开发行 A 股可转换公司债券募集说明书》发行条 款以及中国证监会关于可转换债券发行的有关规定，在可转债发行之 后，若公司发生派 ...

Core Viewpoint - The Chinese pig feed industry is experiencing a decline in production, with a projected output of 14,391.3 million tons in 2024, representing a year-on-year decrease of 3.9% [2]. Group 1: Production and Market Share - The share of pig feed in the overall industrial feed production has remained significant, with an expected share of 45.68% in 2024, maintaining above 40% since 2014 [3]. - The top ten provinces in pig feed production account for 66.3% of the national output, with Guangxi leading at 1,548.2 million tons, followed by Guangdong and Anhui [4]. Group 2: Industry Trends - The pig feed industry in China is highly competitive and fragmented, with an ongoing trend of consolidation among smaller producers. Larger companies with technological advantages are expected to dominate the market [7]. - The push for environmentally friendly and antibiotic-free feed is becoming mainstream, driven by government policies such as green agriculture and antibiotic-free farming [7][9]. - By 2025, it is anticipated that antibiotic-free feed will constitute around 40% of the pig feed market, presenting new investment opportunities [9]. - The concentration of the pig feed market is expected to increase, with the top ten companies projected to hold over 50% market share by 2030 [9].

Core Viewpoint - New Hope has appointed Li Tiantian, also known as "Tuo Bu Hua," as a new independent director, highlighting the company's focus on management experience and leadership in its strategic direction [1][2][4]. Group 1: Appointment of New Independent Director - New Hope announced the election of Li Tiantian as an independent director during a board meeting on July 13, 2023, pending approval at the upcoming shareholders' meeting [2]. - Li Tiantian, aged 46, has over 20 years of professional experience in enterprise management and is currently the director and general manager of Beijing Siwei Zhaowu Information Technology Co., Ltd., the parent company of the "Dede" app [2][4]. - Li Tiantian has a notable history with New Hope's chairman Liu Chang, having collaborated on an advertising consulting company in their youth, which emphasizes her longstanding relationship with the company [3]. Group 2: Management Experience and Company Performance - New Hope has emphasized the importance of management in its recent communications, indicating a strategic focus on improving management practices to enhance competitiveness in the market [5]. - The company expects to report a net profit attributable to shareholders of between 680 million to 780 million yuan for the first half of the year, a significant turnaround from a net loss of 1.217 billion yuan in the same period last year [4]. - Improvements in disease prevention management, technical indicators, and organizational efficiency in the breeding business have contributed to a reduction in breeding costs, both year-on-year and month-on-month [4].

Core Viewpoint - New Hope has returned to profitability in the first half of 2025 after four years of losses, with projected net profits between 680 million and 780 million yuan, marking a significant turnaround from a loss of 1.217 billion yuan in the same period last year [1][2] Group 1: Financial Performance - The company expects a net profit of 680 million to 780 million yuan for the first half of 2025, a growth of approximately 155.85% to 164.07% compared to a loss of 1.217 billion yuan in the previous year [2] - The projected non-recurring net profit is estimated to be between 627 million and 727 million yuan, a significant increase from a loss of 1.316 billion yuan in the same period last year, reflecting a growth of about 147.63% to 155.23% [2] - In the first half of 2025, New Hope sold 8.4493 million pigs, a slight decrease of 239,300 pigs compared to the previous year, generating sales revenue of 12.053 billion yuan, down from 13.048 billion yuan [3] Group 2: Business Operations - The improvement in profitability is attributed to enhanced production management and biosecurity measures in the pig farming sector, leading to reduced costs despite lower pig prices [2][3] - The company has achieved a significant reduction in breeding costs, with the top 25% of farms reducing costs to 13.6 yuan per kilogram in 2024 and aiming for 12.5 yuan per kilogram in the first quarter of 2025 [3] - New Hope's feed business, which has been a core operation for over 40 years, achieved a total sales volume of 25.96 million tons in 2024, accounting for 8.2% of the national total production [4][6] Group 3: International Expansion - New Hope is accelerating its overseas feed business expansion, targeting a sales volume of 6 million tons in 2025, with plans to potentially increase production capacity by 3 to 4 million tons in the next 3 to 5 years [5][6] - The company has established a clear market presence in overseas regions, including Indonesia, Vietnam, and Egypt, and is focusing on expanding its footprint in these markets [6] - New Hope has initiated an employee stock ownership plan aimed at core employees involved in overseas operations, indicating a commitment to international growth [6]