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]

Investment Ratings - The report provides investment ratings for several companies in the agriculture sector, with "Buy-A" for Haida Group (002311.SZ), "Buy-B" for Shennong Development (002299.SZ) and Wens Foodstuff Group (300498.SZ), and "Hold-A" for Guai Bao Pet (301498.SZ) and Zhongchong Co., Ltd. (002891.SZ) [2] Core Insights - The agriculture sector has shown resilience, with the agricultural index outperforming the broader market, indicating potential investment opportunities [3][4] - The report highlights the cyclical nature of the pig farming industry, emphasizing that the current downturn may not necessarily lead to prolonged losses due to potential recovery in raw material costs and macro demand in 2025 [5][6] - Haida Group is identified as a key investment opportunity due to its strong fundamentals and potential growth in overseas feed business [4][5] Industry Performance - The agriculture sector's performance for the week of July 7-13 shows a 1.09% increase, with top-performing sub-industries including fruit and vegetable processing, meat chicken farming, and feed production [3][22] - The average price of live pigs in key provinces has decreased, with prices in Sichuan, Guangdong, and Henan at 14.35, 16.39, and 14.78 CNY/kg respectively, reflecting a decline of 3.37%, 6.56%, and 2.31% week-on-week [4][31] - The average pork price has slightly increased to 20.60 CNY/kg, while the average wholesale price of piglets has decreased to 26.00 CNY/kg, indicating mixed trends in the market [4][31] Company-Specific Analysis - Haida Group is expected to benefit from a recovery in the feed industry as raw material prices stabilize and the breeding sector improves [4][5] - Wens Foodstuff Group, Shennong Group, and Juxing Agriculture are recommended for their potential to outperform market expectations as the pig farming industry enters a profitability cycle [5] - Guai Bao Pet and Zhongchong Co., Ltd. are highlighted for their strong brand positioning and growth potential in the pet food market, particularly in 2025 [6]

三十年闽地情，澳牛以品质打造"好"口碑 创立于1995年的澳牛乳业，是中国乳业发展史上一个重要的开拓者。它不仅是将纯净优质的澳大利亚牛奶引入国内市场的先锋，还率先采用利乐无菌砖包 装，通过先进的无菌技术和密封技术，一举打破了当时国内牛奶包装以玻璃瓶、简易塑料袋为主的局限，开创了中国市场牛奶无菌包装规模化销售的先河。 三十载光阴，品质始终是澳牛乳业立足福建市场的根基。从万里挑一的澳洲优质奶源牧场，到遵循国际标准的生产工艺流程，澳牛乳业对纯净、营养与安全 的极致专注，为消费者带来了纯正、香浓的牛奶。延续品牌经典，采用优质进口奶源和先进UHT工艺的澳牛纯牛奶系列，已成为福建几代消费者心中的品 质象征，口感醇厚且营养丰富；24小时巴氏鲜奶，通过严格把控生产时效和完善的冷链保障，将新鲜口感和活性营养快速送达，成功塑造了"福州鲜奶第一 品牌"的形象；搭配活润、初心低温酸奶等产品，澳牛乳业持续为福建消费者提供着"新鲜、营养、活力"的高品质选择。 在极具福建特色的古厝建筑展台前，一场别具风情的茶饮雅集正在上演。与会人员品尝着采用生牛乳+真茶底的风味茶饮乳饮料，感受着地道闽味。茉莉奶 白口味乳饮料采用横县重瓣茉莉、窖制淬香，入 ...

Group 1 - CITIC Construction Investment expects a net profit of 4.43 billion to 4.57 billion yuan for the first half of 2025, representing a year-on-year increase of 55%-60% [1] - New Hope anticipates a net profit of 680 million to 780 million yuan for the first half of 2025, recovering from a loss of 1.217 billion yuan in the same period last year [2] - Foton Motor forecasts a net profit of approximately 777 million yuan for the first half of 2025, marking an increase of about 87.5% year-on-year [7] Group 2 - North New Road and Bridge expects a net loss of 70 million to 85 million yuan for the first half of 2025 [2] - Nanwei Co. anticipates a net loss of 12 million to 16 million yuan for the first half of 2025 [3] - Hanhua Technology projects a net loss of 45 million to 60 million yuan for the first half of 2025, widening the loss by 11.42%-18.10% compared to the previous year [6] Group 3 - Songlin Technology expects a net profit of 90 million to 95 million yuan for the first half of 2025, a decrease of 57.06%-59.32% year-on-year [4] - Fuchun Environmental Protection anticipates a net profit of 178 million to 207 million yuan for the first half of 2025, representing a year-on-year increase of 80%-110% [18] - Ansteel Group forecasts a net loss of 1.144 billion yuan for the first half of 2025, a reduction in loss of approximately 57.46% compared to the previous year [20][22] Group 4 - China Wuyi expects a net loss of 80 million to 104 million yuan for the first half of 2025, a significant decline compared to the previous year [28] - Meikailong anticipates a net loss of 1.59 billion to 1.92 billion yuan for the first half of 2025 [26] - Aijian Group projects a net profit of 140 million yuan for the first half of 2025, a decrease of 33.26% year-on-year [27]

Group 1 - The company expects a net profit of 680 million to 780 million yuan for the current reporting period, a significant turnaround from a loss of 1.217 billion yuan in the same period last year, representing a growth of 155.85% to 164.07% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 627 million to 727 million yuan, compared to a loss of 1.316 billion yuan in the previous year, indicating a growth of 147.63% to 155.23% [1] - Basic earnings per share are expected to be between 0.14 yuan to 0.16 yuan, a recovery from a loss of 0.28 yuan per share in the prior year [1] Group 2 - The company has improved its pig farming operations by completing multiple biosecurity upgrades and enhancing production management, leading to a reduction in breeding costs despite a year-on-year decline in average pig prices [1] - The feed business has also been optimized, achieving both volume and profit growth in the first half of the year [1]

本公司及监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。 一、监事会会议召开情况 证券代码：000876 证券简称：新希望 公告编号：2025-67 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 具体内容详见公司于 2025 年 7 月 15 日刊登在《中国证券报》 《证 券日报》 《证券时报》 新希望六和股份有限公司（以下简称"公司"）第十届监事会第 四次会议通知于 2025 年 7 月 12 日以电子邮件方式通知了全体监事。 第十届监事会第四次会议于 2025 年 7 月 13 日以通讯表决方式召开， 本次会议应参加表决监事 3 人，实际表决监事 3 人。本次会议的召开 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，所作决议合法有效。 二、监事会会议审议情况 本次会议由监事以传真方式会签，审议通过了如下议案： （一）审议通过了"关于延长向特定对象发行 A 股股票股东会决 议有效期的议案" 表决结果：3 票赞成，0 票反对，0 票弃权。 经公司 2024 年第一次临时股东大会审议，公司本次向特定对象 ...

Core Viewpoint - The company has decided to extend the validity period of the resolution for issuing A-shares to specific targets by an additional 12 months, ensuring the smooth progress of the issuance process [1][2]. Group 1: Basic Information - The company held its fourth meeting of the tenth board and the fourth meeting of the tenth supervisory board on July 13, 2025, to review and approve the proposal to extend the validity period of the A-share issuance resolution [1]. - The original resolution for the issuance was approved at the first extraordinary general meeting of shareholders on August 27, 2024, with a validity period of 12 months from the date of approval [2]. Group 2: Proposal Details - The company plans to submit the extension proposal to the second extraordinary general meeting of shareholders in 2025 for approval [2]. - Aside from the extension of the validity period, all other aspects of the issuance plan will remain unchanged [2].

证券代码：000876 证券简称：新希望 公告编号：2025-70 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 关于召开 2025 年第二次临时股东会的通知 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、召开会议的基本情况 第十届董事会第四次会议审议通过。 门规章、规范性文件和公司《章程》的规定。 现场会议召开时间：2025年7月31日（星期四）下午14:00。 通过深圳证券交易所交易系统进行网络投票的时间为2025年7月 通过互联网投票系统（http://wltp.cninfo.com.cn）投票的具体时间 为：2025年7月31日9:15-15:00。 的方式召开。 期五） 。 （1）在股权登记日持有公司股份的普通股股东或其代理人；于 股权登记日下午收市时在中国结算深圳分公司登记在册的公司全体 普通股股东均有权出席本次股东会，并可以以书面形式委托代理人出 席会议和参加表决，该股东代理人不必是本公司股东。 （2）公司董事、监事和高级管理人员。 （3）公司聘请的律师。 座 2 楼会议室（公司将于 2025 ...

证券代码：000876 证券简称：新希望 公告编号：2025-68 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 关于更换公司独立董事 并调整董事会部分专门委员会的公告 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。 新希望六和股份有限公司（以下简称"公司"）于 2025 年 7 月 先生独立董事职务的议案》 《关于选举第十届董事会独立董事的议案》， 现将相关情况公告如下： 一、关于独立董事免职情况 因公司独立董事彭龙先生正在接受纪律审查和监察调查，无法正 常履职，为保证公司董事会的正常运作，公司董事会根据《中华人民 共和国公司法》《上市公司独立董事管理办法》《深圳证券交易所上 市公司自律监管指引第 1 号——主板上市公司规范运作》以及《公 司章程》的相关规定，决定免去彭龙先生的独立董事职务及其在董事 会各专门委员会中担任的全部职务，免职后，彭龙先生将不再担任公 司任何职务。彭龙先生独立董事职务免职事项自公司股东会审议通过 之日起生效。 二、关于独立董事补选情况 鉴于公司免去彭龙先生独立董事的职务将导致公司独立董 ...