证券代码：000998 证券简称：隆平高科 公告编号：2025-70 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、交易概述 袁隆平农业高科技股份有限公司（以下简称"公司"）于 2025 年 10 月 10 日召开第九届董事会第二十二次（临时）会议，审议通过《关于北京联创种业有 限公司引入战略投资者暨构成与关联人共同投资的议案》，董事会同意公司子公 司北京联创种业有限公司（以下简称"联创种业"、"目标公司"）以增资扩股 形式引入战略投资者暨构成与关联方共同投资事项，公司放弃联创种业本次增资 的优先认缴出资权。中国中信金融资产管理股份有限公司、现代种业发展基金有 限公司、湖南湘鑫中垦股权投资合伙企业（有限合伙）、太平（深圳）乡村振兴 私募股权投资基金合伙企业（有限合伙）4 家机构拟分别以人民币 40,000.0000 万元、20,000.0000 万元、12,000.0000 万元、8,000.0000 万元的价格认购联创种 业 594.3765 万元、297.1882 万元、178.3129 万元、118.8753 万元注册资本，分 别取得联创种业增资后 ...

证券代码：000998 证券简称：隆平高科 公告编号：2025-72 袁隆平农业高科技股份有限公司 2025 年第三次（临时）股东大会决议公告 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、 误导性陈述或者重大遗漏。 一、重要内容提示 （一）本次股东大会没有出现否决议案的情形。 （二）本次股东大会无涉及变更以往股东大会决议的情形。 二、会议召开和出席情况 （一）会议召开时间 现场会议召开时间为：2025年10月29日（星期三）下午15:00。 （六）本次股东大会会议符合《中华人民共和国公司法》（以下简称《公司法》） 《上市公司股东会规则》《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》等有关法律、行政法规、部门规章、 规范性文件和《袁隆平农业高科技股份有限公司章程》（以下简称《公司章程》）的规 定，会议合法有效。 1 （七）会议出席情况 通过现场和网络投票的股东 957 人，代表股份 557,102,748 股，占公司总股份的 37.9124%。其中：通过现场投票的股东 6 人，代表股份 84,670,078 股，占公司总股份的 5 ...

湖南启元律师事务所 关于 袁隆平农业高科技股份有限公司 2025年第三次（临时）股东大会的 法律意见书 湖南省长沙市芙蓉区建湘路 393 号世茂环球金融中心63层 410000 电话：（0731）82953-778 传真：（0731）82953-779 网站：www.qiyuan.com 二〇二五年十月 致：袁隆平农业高科技股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称 "《股东会规则》"）、《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》（以下简称"《规范运作指引》"）等我国现行法律、法规、规范性文 件以及《袁隆平农业高科技股份有限公司章程》（以下简称"《公司章程》"）的 规定，湖南启元律师事务所（以下简称"本所"）接受袁隆平农业高科技股份有限公 司（以下简称"公司"）的委托，指派本所律师出席了公司2025年第三次（临时）股 东大会（以下简称"本次股东大会"），对本次股东大会的召集和召开程序、召集 人及出席会议人员的资格、表决程序和表决结果的合法有效性进行现场律师见证， 并发表 ...

证券代码：000998 证券简称：隆平高科 公告编号：2025-69 经审核，监事会认为董事会编制和审议的《袁隆平农业高科技股份有限公司 2025 年第三季度报告》的程序符合法律法规及深圳证券交易所的规定，报告内 容真实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈 述或者重大遗漏。 本议案的表决结果是：3 票赞成，0 票反对，0 票弃权，赞成票数占监事会 有效表决票数的 100%。 二、备查文件 《第九届监事会第十三次（临时）会议决议》。 特此公告 袁隆平农业高科技股份有限公司 第九届监事会第十三次（临时）会议决议公告 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、监事会会议召开及审议情况 袁隆平农业高科技股份有限公司（以下简称"公司"）第九届监事会第十三 次（临时）会议于 2025 年 10 月 29 日下午 2:30 在湖南省长沙市合平路 638 号 1 楼会议室以现场与视频相结合的方式召开。本次会议的通知于 2025 年 10 月 22 日以电子邮件方式送达全体监事。本次会议由监事会主席袁定江主持，会议应到 监事 3 人，实到监 ...

证券代码：000998 证券简称：隆平高科 公告编号：2025-68 袁隆平农业高科技股份有限公司 第九届董事会第二十三次（临时）会议决议公告 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、董事会会议召开及审议情况 1 后续增资确定的议案》 同意北京联创种业有限公司（以下简称"联创种业"）引入战略投资者事项 预留的2亿元后续增资额度确定机构为农银金融资产投资有限公司或其指定主体， 按照与其他投资方相同估值标准、相同协议条款对联创种业进行后续增资。除因 预留额度确定，联创种业注册资本相应进行调整、公司与各投资方持股比例被动 稀释外，本次联创种业引入战略投资者涉及协议实质性条款均不作修改。本次预 留后续增资方确定事项前置议案《关于北京联创种业有限公司引入战略投资者暨 构成与关联人共同投资的议案》已经同日召开的公司2025年第三次（临时）股东 大会审议通过。 本议案的详细内容见公司于同日刊登在《中国证券报》《上海证券报》《证券 时报》及巨潮资讯网（http://www.cninfo.com.cn）上的《关于北京联创种业有限公 司引入战略投资者进展暨预留后续增资 ...

袁隆平农业高科技股份有限公司 2025 年第三季度报告 证券代码：000998 证券简称：隆平高科 公告编号：2025-67 袁隆平农业高科技股份有限公司 2025 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）声明：保证季度报告中财务信息的真实、准 确、完整。 1 袁隆平农业高科技股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ☑否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末比上 年初至报告期末 | | | --- | --- | --- | --- | --- | | | | 增减 | 年同期增减 | | | 营业收入（元） | 674,909,236.09 | 125.71% | 2,840,882,256. ...

Core Viewpoint - The company, Longping High-Tech, emphasizes its commitment to focusing on its core business, enhancing research and innovation, and improving market competitiveness while adhering to a high-quality development path [2] Group 1 - The company will continue to concentrate on its main business operations [2] - There is a strong focus on strengthening research and innovation capabilities [2] - The company aims to enhance its market competitiveness [2] - Longping High-Tech is committed to a path of high-quality development [2]

Core Insights - The report indicates that the swine industry is entering a de-stocking cycle, while the beef cattle sector continues to experience an upward trend in demand and pricing [2][3] Group 1: Swine Industry - The swine sector is witnessing accelerated de-stocking driven by policy and market dynamics, presenting a good opportunity for investment [3][43] - As of Q3 2025, China's pig output reached 530 million heads, a year-on-year increase of 1.8%, with pork production at 43.68 million tons, up 3.0% year-on-year [10][13] - The average price of pigs in October 2025 dropped to 10.84 yuan/kg, a significant decline of 40.28% year-on-year, marking a new low for the year [10][13] Group 2: Beef Cattle Industry - The beef cattle supply is contracting, with the cycle of demand expected to continue its upward trajectory until 2027 [4][49] - In Q3 2025, the number of beef cattle in China was 99.32 million heads, a decrease of 2.4% year-on-year, while beef production reached 5.5 million tons, up 3.3% year-on-year [49][51] - The average price of beef in September 2025 was 70.52 yuan/kg, reflecting a year-on-year increase of 5.36% [59] Group 3: Poultry Industry - The white chicken sector is experiencing a gradual increase in demand, with the output of white feathered chickens expected to rise to 90.3 million heads in 2024, a year-on-year increase of 2.2% [94][98] - The rolling update of grandparent stock for white feathered chickens is projected to decline, which will support an increase in chicken prices in 2026 [100] Group 4: Seed Industry - Grain prices are expected to stabilize and rise due to various factors, including U.S.-China tariff disturbances and climate impacts [6] - The commercialization of genetically modified crops is anticipated to accelerate, supported by an increase in the number of approved varieties [6] Group 5: Pet Industry - The pet food export volume in China increased by 7.55% year-on-year from January to September 2025, indicating strong performance from leading companies [7] - Domestic pet consumption is expected to grow due to increasing companionship demand and emotional value associated with pet ownership [7]

Group 1 - The Agricultural, Animal Husbandry, and Fishery ETF (159275) showed stable performance with a 1.0% increase in intraday price and a transaction volume of 5.0954 million yuan, bringing the fund's latest scale to 209 million yuan [1] - Among the constituent stocks, Zhongxing Junye reached the daily limit, while Xiaoming Co. and Shengnong Development saw significant gains of 4.34% and 3.99% respectively. Conversely, Chenguang Biotech experienced a notable decline of 3.19%, with Honghui Fruits and Vegetables and Shennong Seed Industry also showing weaker performance with drops of 1.04% and 0.88% respectively [1] - The Ministry of Agriculture and Rural Affairs held a meeting on October 21 to discuss increasing grain and oil crop yields, emphasizing the promotion of technology integration and high-performance agricultural machinery, particularly supporting the promotion of genetically modified technology to enhance grain yields, which may benefit related seed and planting companies [1] - The core breeding source rate for lean pork in China has surpassed 90%, indicating progress in self-sufficiency in the livestock breeding industry, with leading companies like Muyuan Foods continuing to drive innovation in breeding [1] - According to Citic Securities, the supply in the pig farming industry continues to increase, with rising demand for fat pigs driving up prices, although farming remains unprofitable, potentially accelerating capacity reduction [1] - In the poultry farming sector, frequent outbreaks of avian influenza overseas create uncertainty in the introduction of grandparent stock chickens, which is favorable for the white feather chicken industry chain prices [1] - The seed industry is focusing on the progress of biological breeding expansion, the promotion of genetically modified corn, and industry mergers and acquisitions [1] - The demand in the animal health industry is expected to bottom out, with new product launches providing growth momentum. The domestic pet market continues to grow rapidly, while exports are only slightly affected by tariff disruptions [1] Group 2 - The Agricultural, Animal Husbandry, and Fishery ETF (159275) and its linked funds (Link A: 013471, Link C: 013472) passively track the Agricultural, Animal Husbandry, and Fishery Index, with the top ten weighted stocks including Muyuan Foods, Wens Foodstuff Group, Haida Group, New Hope, Meihua Biological, Dabeinong, Shengnong Development, Biological Co., Beidahuang, and Longping High-Tech [2]

Investment Rating - The report maintains a "Positive" investment rating for the agriculture industry [5] Core Viewpoints - The pig farming sector is expected to benefit from recent policies and market forces that promote capacity reduction, leading to long-term performance improvements [3][36] - The current trend in grain prices is upward, indicating a favorable fundamental outlook for planting and seed industries, highlighting significant investment opportunities [3][36] - The pet food sector is experiencing growth, with increasing recognition of domestic brands and continuous market expansion [3][36] Summary by Relevant Sections Pig Farming - The current pig price is weak, with the average price for external three yuan pigs at 11.82 yuan/kg, a week-on-week increase of 5.82% [10][44] - The industry is entering a phase of capacity reduction, with pig prices expected to stabilize and potentially rise in the long term due to policy support [7][10] Poultry - White feather broiler prices have shown slight increases, with the current price at 6.88 yuan/kg, reflecting a week-on-week rise of 0.15% [13][44] - The yellow feather broiler prices continue to remain strong, indicating a stable market environment [21][44] Feed Sector - Corn prices have decreased slightly, while soybean meal and wheat prices have increased, indicating a mixed market for feed ingredients [23][44] - The average price of pig feed is 3.37 yuan/kg, showing a slight decrease of 0.30% [44] Bulk Agricultural Products - Natural rubber prices have risen, with the current price at 15,335 yuan/ton, a week-on-week increase of 4.36% [30][44] - The report indicates that the down cycle for bulk agricultural products is nearing its end, with signs of recovery in certain segments [30][44]