证券代码：000998 证券简称：隆平高科 公告编号：2025-61 1 袁隆平农业高科技股份有限公司 关于参加2025年湖南辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，袁隆平农业高科技股份有限公司（以下 简称"公司"）将参加由中国证券监督管理委员会湖南监管局、湖南省上市公司 协会与深圳市全景网络有限公司联合举办的"资本聚三湘 楚光耀新程——2025 年投资者网上集体接待日暨半年度业绩说明会"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动采用网络远程的方式举行，投资者可以登录 "全景路演"网站（https://rs.p5w.net），或关注微信公众号"全景财经"，或下 载全景路演 APP 参与公司本次互动交流，活动时间为 2025 年 9 月 19 日（星期 五）15:40-17:00。 届时公司高管将通过网络在线问答互动的形式，与投资者就关注的问题进行 交流。欢迎广大投资者积极参与。 特此公告 袁隆平农业高科技股份有限公司董事会 二〇二五年九月十六日 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [9] Core Viewpoints - The report emphasizes the importance of the pig sector, highlighting the expected decline in production capacity due to policy guidance amid strong supply and weak demand conditions [1][2][13] - The dairy and beef sectors are noted for potential recovery, with the beef super cycle possibly starting, and the report suggests focusing on companies with mother cow resources or those adopting a "milk-meat linkage" model [3][15] - The pet sector is experiencing rapid growth of domestic brands and a positive trend in pet food exports, indicating a robust pet economy [3][16] - The poultry sector is advised to focus on the white chicken breeding gap and the marginal improvement in demand for yellow chickens, with recommendations for specific companies [4][17][19] - The planting sector is encouraged to wait for a turnaround in conventional seed industries while emphasizing opportunities in biological breeding [5][21] - The feed sector highlights Hai Da Group as a key recommendation due to its market share increase and consistent performance [6][23] Summary by Sections Pig Sector - Current pig prices are under pressure, with an average price of 13.50 CNY/kg, down 2.67% from the previous week, and the industry is facing a narrowing profit margin [1][13] - The report suggests focusing on undervalued companies with strong profitability, with specific recommendations for leading firms like Muyuan Foods and Wens Foodstuffs [2][14] Beef Sector - The report indicates that the dairy cow capacity reduction is nearing its end, with potential price recovery for raw milk and beef [3][15] - Recommended companies include Youran Dairy and China Shengmu Organic Milk [3][15] Pet Sector - The domestic pet economy is thriving, with significant growth in sales and exports of pet food [3][16] - Key recommendations include Guibao Pet Food and Zhongchong Co., Ltd. [3][16] Poultry Sector - The report highlights the need to focus on the breeding gap for white chickens and the improving demand for yellow chickens [4][17][19] - Recommended companies include Shengnong Development and Lihua Stock [4][17][19] Planting Sector - The report emphasizes the importance of improving yield through advanced breeding techniques and the integration of agricultural practices [5][21] - Key recommendations include Longping High-tech and Dabeinong Technology Group [5][21][22] Feed Sector - Hai Da Group is highlighted as a key player in the feed sector, with expectations of market recovery and increased market share [6][23]

Investment Rating - The industry investment rating is "Overweight" [6] Core Insights - The report emphasizes the importance of monitoring short-term pig prices and long-term production capacity policies in the pig farming sector [3][12] - In the pet industry, attention is drawn to the top-ranked brands on platforms like Douyin, indicating a shift towards health-focused innovations [4] - The planting sector is highlighted with a focus on the upcoming harvest and the performance of corn varieties under extreme weather conditions [5] Summary by Sections Pig Farming - The report suggests paying attention to the fluctuations in pig prices and the impact of production capacity policies on the industry [3][12] - Recent data shows that the average pig price is 14.10 yuan/kg, reflecting a decrease of 1.25% week-on-week and a significant year-on-year decline of 28.16% [11] Pet Industry - The top three brands in the pet category on Douyin are Maifudi, Weishi, and Frigat, with a notable focus on health-oriented product innovations [4] Planting Sector - As the harvest season approaches, the report advises monitoring the grain yield, particularly corn and wheat prices, which have seen slight increases [5] - Special crops like blueberries and peppers are also highlighted, with attention to the cost changes of raw materials for companies like Chenguang Biological [5] Investment Recommendations - Recommended stocks in the pig farming sector include Muyuan Foods and Wens Foodstuffs [5] - Other recommended stocks across various sectors include Morning Light Biological, Longping High-Tech, and Petty Holdings in the pet sector [5][41]

Core Insights - The article discusses how Hong Kong's service trade is facilitating mainland Chinese companies' expansion into international markets, highlighting the role of the Hong Kong Trade Development Council (HKTDC) and the success stories of companies like Yonyou Software [1][4][6]. Group 1: Hong Kong's Role in Service Trade - The HKTDC has established the Hong Kong Pavilion at the China International Fair for Trade in Services for 12 consecutive years, showcasing Hong Kong's unique advantages as a "super connector" and "super value creator" [4][5]. - This year's pavilion features award-winning works from nine Hong Kong designers and brands, emphasizing high-quality design services in cultural creativity, technology, and green products [4][6]. - HKTDC is organizing a series of interviews to address the challenges faced by mainland companies in areas such as talent acquisition, investment, market development, and supply chain management when going global [4][8]. Group 2: Yonyou Software's Global Expansion - Yonyou Software, established in 1988, utilized Hong Kong as a base for its global expansion, completing its international business layout over 20 years [6][7]. - The company's internationalization journey is divided into three phases: initial expansion in Southeast Asia from 2003 to 2013, consolidation in the same regions from 2013 to 2023, and a new phase starting in 2023 focusing on markets in Japan, Europe, the Middle East, and the Americas [6][7]. - Yonyou's transformation from a local to an international enterprise highlights Hong Kong's critical role as a bridge for mainland companies [6][7]. Group 3: Advantages of Hong Kong for Mainland Enterprises - Hong Kong offers four core advantages for mainland companies looking to expand internationally: a service industry that constitutes 90% of its GDP, a strong focus on innovation and R&D, a talent pool from top global universities, and a comprehensive market development platform [7][8]. - The city is developing into an international technology innovation center, providing opportunities for mainland enterprises to enhance their international competitiveness [7]. - Hong Kong's financial services are robust, featuring the world's largest offshore RMB business system and leading global new stock financing, which provides capital access for companies [8].

Investment Rating - The report maintains an "Accumulate" rating for the industry [5] Core Insights - The industry is undergoing transformation towards genetically modified (GM) and high-density, high-yield crop varieties to enhance food security in China [1][17] - The government emphasizes the importance of food security, aiming for self-sufficiency in grains and absolute safety in staple foods [10] - The introduction of GM crops is expected to significantly improve yield and reduce pesticide use, with GM corn showing a yield increase of 5.6%-11.6% [2][19] Summary by Sections 1. Food Security - Food security remains a fundamental issue for the country, with a focus on self-sufficiency and addressing structural contradictions in grain supply [10] - China has seen a continuous increase in grain imports, particularly for soybeans and corn, highlighting the need for improved crop yields [10][11] 2. National Initiatives for Yield Improvement - The government has launched initiatives to enhance grain yields through agricultural technology advancements, particularly in GM breeding [17] - The focus is on developing high-yield, pest-resistant, and herbicide-tolerant crop varieties to meet increasing demand [17][18] 3. Trends in Crop Breeding - **Trend 1: GM Breeding** - The approval of 161 GM corn varieties and 19 GM soybean varieties marks a significant step in the industry [2][18] - GM crops are expected to reduce pesticide use and improve yield efficiency [19] - **Trend 2: High-Density, High-Yield Corn Varieties** - The emphasis on breeding corn varieties that can withstand higher planting densities is seen as crucial for increasing yields [3][22] - Historical data shows that increasing planting density has significantly contributed to yield improvements in the U.S. [22][26] 4. Industry Overview for Q2 2025 - Major seed companies reported significant revenue growth in Q2 2025, with notable increases for companies like Longping High-Tech and Donghai Seed [28] - Despite revenue growth, many companies experienced profit declines due to seasonal factors and market conditions [28][29] - The report highlights the importance of R&D investment in maintaining competitive advantages in the seed industry [29][40] 5. Key Companies in the Industry - **Longping High-Tech** - A leading company in hybrid rice and corn, with a focus on R&D and innovation [37][38] - **Donghai Seed** - Known for its strong R&D capabilities and focus on high-yield corn varieties [39][41] - **Kangnong Seed** - A smaller company specializing in high-density varieties, showing consistent growth in revenue [42]

Group 1 - The registered capital of Longping High-Tech Agriculture Co., Ltd. has increased from approximately 1.32 billion RMB to about 1.47 billion RMB, reflecting an increase of approximately 152.48 million RMB [1][2][3] - The company was established in 1999 and is engaged in various agricultural activities, including crop seed operations and investment activities [1][2] - The legal representative of the company is Liu Zhiyong, and it is located in Changsha, Hunan Province [2][3] Group 2 - The company operates in the rice planting industry and has a workforce of 200-299 employees [2][3] - Longping High-Tech Agriculture Co., Ltd. is involved in multiple business activities, including the production and sale of agricultural seeds, pesticides, fertilizers, and food products [2][3] - The company is registered as a general taxpayer and has a business license that allows it to engage in various agricultural and investment activities [2][3]

湖南启元律师事务所 关于 电话：（0731）82953-778 传真：（0731）82953-779 网站：www.qiyuan.com 二〇二五年九月 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年第二次（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， 并发表本法律意见书。 袁隆平农业高科技股份有限公司 2025年第二次（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 ...

袁隆平农业高科技股份有限公司 2025 年第二次（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。 证券代码：000998 证券简称：隆平高科 公告编号：2025-60 （四）会议召集人：公司董事会。 （五）现场会议主持人：董事长刘志勇先生。 （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。 （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9月8日（星期一）下午15:00。 网络投票时间为：2025年9月8日，其中，通过深圳证券交易所交易系统进行网络投 票的具体时间为：2025年9月8日上午9:15-9:25，9:30-11 ...

Group 1 - The registered capital of Longping High-Tech has increased from approximately 1.317 billion RMB to about 1.469 billion RMB, representing an increase of approximately 11.58% [1] - Longping High-Tech was established in June 1999 and is legally represented by Liu Zhiyong [1] - The company's business scope includes the operation of crop seeds, investment activities with its own funds, and land improvement services [1] Group 2 - Shareholder information indicates that the company is jointly held by CITIC Agricultural Technology Co., Ltd. and Beidahuang Zhongken (Shenzhen) Investment Co., Ltd. among others [1]

Core Insights - Longping High-Tech (隆平高科) has increased its registered capital from approximately 1.317 billion RMB to about 1.469 billion RMB, representing an increase of approximately 11.58% [1] Company Summary - The registered capital change indicates a strategic move by Longping High-Tech to enhance its financial position and potentially support future growth initiatives [1]