（2026 年修订） 证券代码：000930 证券简称：中粮科技 公告编号：2026-005 第一章 总则 中粮生物科技股份有限公司 董事会授权管理办法 （2026 年修订） 第一条 为深入学习贯彻习近平新时代中国特色社会主义思 想，完善中国特色现代企业制度，规范中粮生物科技股份有限公司 （以下简称中粮科技或公司）董事会授权管理行为，提高经营决策 效率，根据《中华人民共和国公司法》《上市公司治理准则》《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》《深圳证券交易所股票上市规则》等有关规定，结合中粮科 技实际，制定本办法。 中粮生物科技股份有限公司 董事会授权管理办法 第二条 中粮科技董事会授权过程中方案制定、行权、变更、 监督等管理行为适用本办法。 第三条 本办法所称授权，指董事会在一定条件下，将法律法 规、公司章程所赋予的部分职权授予董事长、总经理等行使的行为。 本办法所称行权，指董事长、总经理等按照董事会的要求依法行使 被授予职权的行为。公司总经理缺位期间，由董事长暂时代理总经 理行权。 中粮生物科技股份有限公司董事会授权管理办法（2026 年修订） 第四条 董事会授权坚持依法合 ...

证券代码：000930 证券简称：中粮科技 公告编号：2026-004 中粮生物科技股份有限公司 关于聘任总经理、选举非独立董事的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 中粮生物科技股份有限公司（以下简称"公司"）原董事兼总经理张德国先 生因工作调动，辞去九届董事会董事、董事会战略委员会委员、公司总经理职务， 具体内容详见公司于2025年12月19日披露在巨潮资讯网站 （http://www.cninfo.com.cn）上的《关于公司董事、总经理辞职的公告》（公 告编号：2025-096）。 为保证公司经营发展和董事会的正常运作，公司于2026年3月23日召开九届 董事会2026年第1次临时会议，审议通过了《关于聘任公司总经理的议案》《关 于选举九届董事会非独立董事的议案》。具体情况如下： 一、关于聘任公司总经理的情况 根据《中华人民共和国公司法》《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》等法律法规、规范运作指引及《公司章程》， 结合公司经营发展需要，经公司董事长提名、董事会提名委员会任职资格审查通 过，董事会同意聘任王满 ...

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。 中粮生物科技股份有限公司 关于召开 2026 年第 1 次临时股东会的通知 证券代码：000930 证券简称：中粮科技 公告编号：2026-006 一、召开会议的基本情况 1、股东会届次：2026 年第 1 次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票上市规则》《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》等法律、行政法规、部门规章、 规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2026 年 04 月 08 日 14:00 6、会议的股权登记日：2026 年 04 月 02 日 7、出席对象： （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股东会，并可以以书面形式（《授权委托书》见附件 二）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）公司董事和高级管理人员。 （3）公司聘请的 ...

证券代码：000930 证券简称：中粮科技 公告编号：2026-003 中粮生物科技股份有限公司 九届董事会 2026 年第 1 次临时会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 2025 年 12 月 19 日，公司董事张德国先生因工作原因，申请辞去公司董事 职务。根据《公司法》及《公司章程》的相关规定，本届董事会同意提名王满意 先生为公司第九届董事会非独立董事候选人。 具体内容详见同日刊登在巨潮资讯网（http://www.cninfo.com.cn）、《中 国证券报》《证券时报》《证券日报》《上海证券报》的相关公告。 3. 以 7 票同意、0 票反对、0 票弃权的表决结果审议通过了《关于修订董 事会授权管理办法的议案》。 一、会议出席情况 中粮生物科技股份有限公司（以下简称公司）于 2026 年 3 月 20 日分别以电 子邮件和专人送达的方式向公司全体董事和高级管理人员发出召开公司九届董 事会 2026 年第 1 次临时会议的书面通知。会议于 2026 年 3 月 23 日如期召开。 在保障所有董事充分表达意见的情况下，本次董事会采用现场 ...

Summary of the Conference Call for COFCO Technology Industry Overview - The fuel ethanol industry has high entry barriers, including policy approvals, raw material security, and long-term supply qualifications from major players like PetroChina and Sinopec, which create a strong competitive moat [2][4] - The supply side is rigid, with incremental growth concentrating towards leading companies [2] Company Insights - COFCO Technology has diversified raw material sourcing and flexible production capabilities, allowing it to adjust the mix of corn, cassava, and damaged grains based on price trends, effectively smoothing cost fluctuations and expanding cost reduction opportunities [2][3] - The pricing of fuel ethanol has shifted from being policy-driven to market-driven, with a reference model of 3 tons of corn cost plus approximately 500 RMB processing fee equating to the terminal sales price [2][10] Key Business Segments Starch Sugar Business - The starch sugar segment has become a core growth engine, with a nationwide production layout that reduces logistics costs and transitions towards high-margin specialty syrups and ready-to-drink tea [2][8] - The company has established long-term partnerships with major clients like Coca-Cola and Mengniu, enhancing customer stickiness [8] D-Allulose Sugar - COFCO Technology is the first company to receive approval from the National Health Commission for D-Allulose sugar as a new food ingredient, with production expected to commence by 2026 [2][9] - The company has developed a patented enzyme production technology, creating a significant technical barrier [9] Competitive Landscape - Corn ethanol and coal-based ethanol belong to different energy categories, with coal-based ethanol not meeting national standards for fuel ethanol, thus not competing directly [2][6] - The company has a strong procurement strategy, leveraging its position within COFCO Group to secure raw materials and mitigate risks associated with supply shortages [3][4] Pricing Mechanism - The pricing mechanism with PetroChina and Sinopec involves annual strategic framework agreements and regional bidding processes, with prices adjusted based on local market demand and supply conditions [4][5] Financial Performance - In 2021, the company achieved record profits due to significant growth from the integration of corn bio-fermentation assets and effective cost control strategies [10] - The shift to a market-driven pricing model for fuel ethanol has also contributed to improved profitability [10] Raw Material Management - The company is capable of processing low-quality corn, including damaged grains, which helps in reducing raw material costs [11] - The raw material sourcing strategy has evolved to include a diverse range of inputs, allowing for flexible production and cost management [11] Conclusion - COFCO Technology is well-positioned in the fuel ethanol market with strong competitive advantages, diversified raw material sourcing, and a focus on high-margin products, which are expected to drive future growth and profitability [2][8][9]

Group 1: Core Competitive Advantages in Corn Procurement - The company has four core advantages in corn procurement: 1. Industry chain synergy, leveraging resources from COFCO Group to ensure supply stability and mitigate production risks [4] 2. Cost advantages from regional layout, with production bases in major corn-producing areas, reducing transportation costs [4] 3. Professional risk control and cost management systems that combine futures hedging with spot procurement to manage price volatility [4] 4. Flexible production capabilities with diversified raw materials, allowing adjustments based on price fluctuations of corn and cassava [4] Group 2: Barriers to Entry in Ethanol Industry - The corn fuel ethanol industry has strong supply-side rigidity, with barriers to entry including: 1. Policy barriers, as government regulations favor non-grain ethanol production, making it difficult for new entrants to obtain production licenses [4] 2. Raw material assurance barriers, where the company benefits from COFCO Group's stable supply chain, making it hard for newcomers to establish similar procurement systems [4] 3. Channel and customer barriers, with established relationships with major oil companies requiring rigorous qualification and certification for new entrants [4] 4. Technological, financial, and platform advantages, as the company is the only publicly listed entity in COFCO Group's bio-manufacturing sector [4] Group 3: Pricing Mechanism and Market Dynamics - The pricing mechanism for corn ethanol involves: 1. A market-based pricing model established through annual framework agreements with clients, allowing for flexible bidding based on local market conditions [5] 2. Price adjustments driven by regional supply-demand dynamics, including seasonal demand increases and supply tightness [5] 3. The company’s stable partnerships with leading oil firms provide consistent cash flow and profit contributions [5] Group 4: Core Competitiveness in Fructose Business - The fructose (starch sugar) business is a core profit driver, with competitive advantages including: 1. Nationwide production capacity strategically located near key consumer markets, reducing logistics costs and enhancing responsiveness [5] 2. Technological and product advantages, enabling the development of high-value customized products that significantly boost profit margins [5] 3. Strong brand recognition and food safety standards, ensuring long-term partnerships with major clients [5] Group 5: Progress in Allulose Sugar Business - The company is making significant strides in the allulose sugar sector, with: 1. Leading technological barriers, being the first to produce allulose sugar through enzyme methods and obtaining regulatory approvals [6] 2. A comprehensive product and service offering that meets diverse application needs across various food sectors [6] 3. A channel expansion strategy that includes partnerships with major brands and a focus on emerging market segments [6] Group 6: Cost Management and Raw Material Flexibility - The company has developed capabilities to handle low-quality corn, which aids in cost management: 1. Established processes for utilizing low-quality raw materials, enhancing procurement flexibility and cost optimization [8] 2. The ability to adjust raw material ratios based on cost conditions, contributing to overall cost reduction and efficiency [8]

Investment Rating - The report maintains a "Positive" outlook for the food and beverage industry, indicating a strong performance relative to market benchmarks [9]. Core Insights - The report emphasizes the importance of upstream supply chain dynamics, highlighting that the core logic of performance in the upstream sector revolves around "cost" and "supply-demand" factors, exhibiting clear cyclical characteristics [9]. - It identifies two main drivers for the current uptrend in the upstream food and beverage sector: the rising prices of bulk agricultural products and the ability of companies to directly pass on costs to consumers [9]. - The report suggests prioritizing investments based on geographical and supply-demand logic, with a focus on corn and soybean chains due to their strong price increase expectations [9]. Summary by Sections Upstream Investment Focus - Recommended upstream investment targets include: 1. Agricultural processing: COFCO Technology (000930), Crown Agricultural (600251), Andeli (605198), Jinlongyu (300999), and Zunming (003030) [4]. 2. Food raw material suppliers: Huakang (605077), Morning Light Bio (300138), and Fufeng Group (00546) [4]. 3. Livestock: Recommended Yuran Livestock (09858) and Modern Animal Husbandry (01117) [4]. Downstream Investment Focus - Recommended downstream investment targets include: 1. Baijiu: Shanxi Fenjiu (600809), Kweichow Moutai (600519), Jinshiyuan (603369), and Shede Liquor (600702) [4]. 2. Catering supply chain: Yihai International (01579) and Qianwei Central Kitchen (001215) [4]. 3. Snack foods: Recommended Yanjinpuzi (002847), Qiaqia Food (002557), and Miaokelando (600882) [4]. 4. Health products: Focus on valuation, with related targets including Minsheng Health (301507) and H&H International Holdings (01112) [4].

Investment Rating - The investment rating for the agriculture, forestry, animal husbandry, and fishery industry is "Positive" (maintained) [1] Core Insights - The ongoing Middle East conflict is driving up oil prices and shipping risks, which may lead to an upward shift in the price center of agricultural products, amplifying price volatility [3][12] - The increase in oil prices is expected to raise production costs for agricultural inputs such as fuel, fertilizers, and pesticides, thereby pushing the cost center of agricultural products higher [4][17] - The agricultural sector outperformed the market by 3.52 percentage points during the week of March 2-6, 2026, with the agriculture index rising by 2.12% while the Shanghai Composite Index fell by 1.40% [6][27] Weekly Market Performance - The agriculture sector's index increased by 2.12%, outperforming the broader market by 3.52 percentage points [6][27] - Notable stock performances included Yasheng Group (+39.04%), Yuegui Co. (+15.09%), and COFCO Technology (+8.42%) [6][27] Price Tracking - As of March 6, 2026, the average price of live pigs was 10.32 CNY/kg, down 0.55% from the previous week; the average price of piglets was 25.30 CNY/kg, down 0.12% [39] - The average price of beef was 66.14 CNY/kg, showing a slight increase of 0.06% [45] - The futures price of corn was 2394.00 CNY/ton, reflecting a week-on-week increase of 2.00%, while soybean meal futures rose by 3.33% to 2361.00 CNY/ton [52][57] Key News - The National Storage Network announced a central reserve frozen pork storage auction on March 4, 2026, with a total of 10,000 tons available for bidding [5][35] - Experts warn that the ongoing Middle East conflict could disrupt global fertilizer supply chains, potentially leading to a food crisis [5][35]

Group 1: Financial Performance and Inventory Management - The company adheres to the "lower of cost or net realizable value" principle for inventory assessment, ensuring accurate financial reporting of inventory value and operational performance [1] - Significant inventory impairment losses in the past two years have been addressed, with the company confirming that these do not indicate a loss of core competitiveness [3] Group 2: Ethanol Business and Raw Material Costs - The ethanol business utilizes a diverse raw material structure, with corn accounting for approximately 60%-70%, cassava for 20%-30%, and supplementary materials for 5%-10%, making raw material costs about 65%-70% of total production costs [2] - The company is strategically positioned in key regions for raw material sourcing, including Northeast China for corn and Guangxi for cassava, to minimize logistics costs [2] Group 3: Subsidiary Performance and Strategic Initiatives - Three subsidiaries in Northeast China have faced losses due to industry cycles and product structure issues, but the company is implementing strategies focused on cost reduction, efficiency improvement, and structural adjustment [3] - The company is recognized as the only specialized corn deep processing platform under COFCO Group, playing a crucial role in food security and energy transition [4] Group 4: Industry Challenges and Response Strategies - Recent pressures on fuel ethanol industry profits are attributed to high corn prices, declining oil prices, and subsidy reductions [5] - The company plans to mitigate these challenges through diversified raw material sourcing, technological upgrades, and product structure adjustments [5] Group 5: New Business Developments - The growth of D-alloheptulose depends on market acceptance, with collaborations already established with major brands for product testing [8] - The company is expanding into biodegradable materials, with projects adjusted to optimize raw material supply and production costs, aligning with environmental policies [8] Group 6: Historical Profitability Factors - Historical profitability fluctuations are primarily due to raw material price volatility, ethanol price linkage to crude oil, subsidy changes, and non-recurring losses from project construction and technological upgrades [8]

证券日报网讯 2月24日，中粮科技在互动平台回答投资者提问时表示，截至2026年2月13日，中粮科技 股东人数合计101585户。 （文章来源：证券日报） ...