Group 1 - The grain concept sector rose by 1.30%, ranking 9th among concept sectors, with 23 stocks increasing in value, including Qiu Le Seed Industry, Kang Nong Seed Industry, and Shen Nong Seed Industry, which rose by 11.99%, 10.91%, and 8.29% respectively [1] - The top gainers in the grain concept sector included Jinhe Biological, with a net inflow of 67.34 million yuan, followed by Denghai Seed Industry, Longping High-Tech, and COFCO Technology, with net inflows of 38.17 million yuan, 36.26 million yuan, and 35.14 million yuan respectively [2][3] - The main capital inflow ratios were led by Denghai Seed Industry, Jingliang Holdings, and Jinhe Biological, with net inflow rates of 13.59%, 12.33%, and 8.93% respectively [3] Group 2 - The grain concept sector saw a net inflow of 189 million yuan, with 22 stocks receiving net inflows, and 6 stocks exceeding 30 million yuan in net inflow [2] - The stocks with the highest trading turnover included Jinhe Biological at 15.46%, Denghai Seed Industry at 3.15%, and Longping High-Tech at 3.10% [3][4] - The overall performance of the grain concept sector was positive, with several stocks showing significant gains, while some stocks like Weiwei Co., Lianhua Holdings, and Luoping Zinc Electric experienced declines of 2.92%, 2.06%, and 1.89% respectively [1][5]

证券代码：000998 证券简称：隆平高科 公告编号：2025-38 袁隆平农业高科技股份有限公司 关于子公司为子公司提供担保的进展公告 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。 特别提示： 截至本公告披露日，公司及控股子公司签署担保协议余额超过公司最近一期 经审计净资产50%，敬请投资者注意相关风险。 一、担保情况概述 袁隆平农业高科技股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日、 2025 年 5 月 16 日分别召开第九届董事会第十八次会议、2024 年度股东大会审议 通过了《关于控股子公司 2025 年度向银行申请综合授信并提供担保的议案》， 同意公司控股子公司隆平农业发展股份有限公司（以下简称"隆平发展"）申请 担保额度 680,000.00 万元人民币（或等值外币），担保方式包括但不限于隆平发 展及其下属子公司之间的连带责任保证担保等，具体以签订的合同为准。本次担 保额度有效期为公司2024年度股东大会审议通过之日起至2025年度股东大会审 议通过之日止。具体内容详见公司于 2025 年 4 月 26 日刊登在巨潮资讯网 ...

Core Insights - The grain processing industry is a significant part of agricultural product processing, enhancing the added value of grains and meeting consumer demand for diverse and high-quality food products [1][15][16] - The industry has seen a compound annual growth rate (CAGR) of 4.15%, with revenue projected to grow from 8.8 trillion yuan in 2019 to 10.8 trillion yuan by 2024 [16] - Government policies, including financial subsidies and tax incentives, have provided strong support for the development of the grain processing industry [6][15] Industry Overview - Grain processing involves converting raw grains into semi-finished and finished products, playing a crucial role in the food supply chain [3][10] - The industry includes various processes such as rice milling, wheat flour production, and oil extraction, contributing to improved food quality and reduced waste [4][10] Market Dynamics - The demand for grain processing products has diversified and increased in quality due to rising living standards and changing consumer preferences [1][8] - The market is characterized by competition among large grain processing enterprises, local companies, and foreign firms, each leveraging different strengths [20][21] Financial Performance - The revenue of the grain processing industry is expected to reach approximately 2.6 trillion yuan in the first quarter of 2025 [16] - The scale of major agricultural processing enterprises is projected to reach 18 trillion yuan in 2024, reflecting a year-on-year increase of 2.21% [14] Technological Advancements - Significant progress in technological innovation and equipment upgrades has been made, with the adoption of smart production lines and automated control systems enhancing efficiency and product quality [1][15][25] - Future trends indicate a focus on smart upgrades and the integration of IoT, big data, and AI technologies to improve operational efficiency [25][26] Consumer Trends - Rising disposable income and consumer spending have driven demand for high-quality grain processing products, with expectations for continued growth in this area [8][12] - The industry is responding to increasing consumer demands for health, nutrition, and taste by diversifying product offerings and enhancing quality [28]

Investment Rating - The industry rating is "Recommended" [3] Core Views - The planting industry chain is progressing well, with 1.29 million acres of summer grain wheat harvested as of May 30, 2025, which is over 30% of the total expected harvest. Regions such as Hubei, Sichuan, and South China have completed their wheat harvests, while Anhui has surpassed 80% and Henan over 60% [1][9] - The Ministry of Agriculture and Rural Affairs emphasizes the importance of tracking weather changes and preparing for emergency harvesting to ensure timely collection of mature wheat. The commercialization of genetically modified technology is expected to accelerate, enhancing self-sufficiency in key varieties [1][9] - In the pig farming sector, the average price of external three-way cross pigs is 14.39 CNY/kg, with a week-on-week increase of 0.36%. The number of breeding sows is 40.38 million, showing a slight decrease [2][10] - The report suggests that while short-term consumer demand is recovering, supply remains relatively loose. However, due to slow recovery in production capacity in 2024, pig prices are expected to exceed expectations in the second half of 2025 [2][10] Summary by Sections Planting Industry - As of May 30, 2025, 1.29 million acres of summer grain wheat have been harvested, with significant progress in various provinces. The upcoming rainfall is beneficial for soil conditions and will facilitate mechanized sowing [1][9] - The Ministry of Agriculture will focus on ensuring the timely harvesting of wheat and improving mechanization to enhance yield [1][9] - Recommended stocks in the planting sector include Beidahuang and Suqian Agricultural Development, with a focus on leading seed companies like Longping High-Tech and Dabeinong [1][9] Pig Farming - The average price of pigs is 14.39 CNY/kg, with a slight increase from the previous week. The number of breeding sows has decreased slightly, while slaughtering volume has increased significantly year-on-year [2][10] - The report highlights the need to monitor cost improvements and suggests stocks such as Dekang Animal Husbandry, Jinke Intelligent Agriculture, and Muyuan Foods for potential investment [2][10] Market Performance - The agricultural sector index increased by 1.79% during the week of May 26 to May 30, 2025, outperforming major indices like the Shanghai Composite and Shenzhen Component [11][12] - The top-performing sub-sectors include aquaculture and livestock farming, indicating a positive trend in the agricultural market [11][12]

Investment Rating - Industry Rating: Recommended [3] Core Views - The planting industry is seeing significant progress with summer grain wheat harvest, reaching over 30% completion as of May 30, with favorable weather conditions expected to enhance soil moisture and facilitate mechanized sowing [10][11] - The commercialization of genetically modified crops is anticipated to accelerate, aiming to improve yield and self-sufficiency in key varieties, supported by government initiatives to protect new plant varieties [10] - In the pig farming sector, the average price of live pigs is showing a slight increase, with a current price of 14.39 CNY/kg, reflecting a week-on-week rise of 0.36% [11][60] - The supply of breeding sows has slightly decreased, with a total of 40.38 million heads reported, while slaughtering volumes have increased significantly year-on-year [11][60] Summary by Sections Planting Industry - As of May 30, 1.29 million acres of summer wheat have been harvested, with regions like Hubei and Sichuan completing their harvests [10] - The Ministry of Agriculture emphasizes the importance of mechanization to enhance yield and efficiency in sowing [10] - Recommended stocks include Beidahuang and Suqian Agricultural Development for planting, and leading seed companies like Longping High-Tech and Dabeinong for seed production [10] Pig Farming - The average price of external three-way cross pigs is 14.39 CNY/kg, with a slight increase from the previous week [11] - The number of breeding sows has decreased slightly, while slaughtering volumes have increased by 20% year-on-year [11] - Recommended stocks in the breeding sector include Dekang Agriculture, Jinke Smart Agriculture, and Muyuan Foods, with feed companies like Haida Group also highlighted [11] Key Agricultural Products Data Tracking - Corn: Current average price is 2378.15 CNY/ton, with a week-on-week increase of 0.15% [23] - Wheat: Current average price is 2457.51 CNY/ton, with a week-on-week decrease of 0.35% [26] - Soybeans: Current average price is 3927.89 CNY/ton, remaining stable [38] - Cotton: Current average price is 14480.00 CNY/ton, with a slight decrease of 0.14% [42] Feed and Vitamin Prices - The average price of pig feed is 2.71 CNY/kg, showing a week-on-week decrease of 0.73% [48] - Vitamin E is priced at 101.60 CNY/kg, with a decrease of 4.87% [48]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The supply of pigs is expected to increase due to the normalization of breeding practices, which may exert downward pressure on prices in the short term. However, as supply stabilizes, prices are anticipated to stabilize or slightly rebound [4][14] - The pet food sector is experiencing a rise in domestic brands, supported by consumption upgrades and tariff barriers, with significant growth expected in the pet food market [6][26][28] Summary by Sections Weekly Observation - The average national pig selling price on May 30 was 14.44 yuan/kg, up by 0.17 yuan/kg from the previous week, with a daily average slaughter volume of 156,400 pigs, an increase of 13,200 pigs [4][14] - The demand side shows slight recovery, and the focus remains on policies affecting the pig industry [4][14] Weekly Market Performance (May 26-30) - The agricultural index outperformed the market by 1.82 percentage points, with the agricultural index rising by 1.79% while the Shanghai Composite Index fell by 0.03% [29][30] - The livestock breeding sector led the gains, with notable increases in stocks such as Juxing Agriculture (+13.15%) and Xiwang Food (+12.42%) [29][32] Price Tracking (May 26-30) - The national average price for pigs was 14.47 yuan/kg, up by 1.12% from the previous week. The average price for piglets was 35.24 yuan/kg, down by 0.90% [36] - The average price for corn was 2,339.00 yuan/ton, up by 0.52%, while soybean meal was priced at 2,966.00 yuan/ton, up by 0.54% [51] Key News (May 26-30) - An announcement was made to prevent the entry of highly pathogenic avian influenza from Brazil, highlighting the importance of biosecurity in the livestock sector [33] Weekly Insights - The pig sector shows low valuation and potential for recovery, with recommendations for companies like Muyuan Foods and Wens Foodstuffs [26] - The feed sector benefits from the recovery of livestock and strong overseas demand, with recommendations for companies like Haida Group and New Hope Liuhe [26]

Core Viewpoint - The agricultural sector is experiencing a rebound, with the Agricultural ETF from E Fund (562900) showing a significant increase of 2.18% in half a day, leading the industry ETF performance [1][3]. Agricultural Sector Performance - The Agricultural ETF from E Fund (562900) has a half-day trading volume of 694.27 million yuan and a total scale of 0.99 billion units [3]. - Other agricultural ETFs, such as Agricultural 50 ETF (159827) and Agricultural ETF (159825), also showed positive performance with increases of 1.75% and 1.74% respectively [5]. - The Agricultural ETF (159825) has a larger scale of 29.85 billion units and a half-day trading volume of 8529 million yuan [5]. ETF Share Changes - The Agricultural ETF from E Fund (562900) has seen a slight increase in shares this year, with an addition of 11 million units, representing a growth of 12.54% [2]. - The Agricultural ETF (159825) also experienced a share increase of over 10%, adding 474 million units this year [2]. Investment Logic - Domestic grain prices have been rising due to reduced grain imports and drought conditions, indicating a strong demand in the agricultural sector [3]. - Long-term policies focus on food security and improving agricultural productivity, with transgenic biotechnology expected to accelerate under supportive policies [3]. - Upgrades in seed products are anticipated to boost sales and prices for quality seed companies, with leading companies currently valued at a low point, highlighting their long-term investment potential [3]. Major Holdings in Agricultural Indices - The major stocks in the China Modern Agriculture Theme Index include: - Muyuan Foods (002714) with a weight of 14.77% - Wens Foodstuffs Group (300498) with a weight of 14.57% - Haida Group (002311) with a weight of 14.29% [4][6]. - The index reflects companies involved in various agricultural sectors, including animal husbandry, feed, and agricultural machinery [5].

Core Points - The company is established as a joint-stock limited company in accordance with the Company Law and other relevant regulations of the People's Republic of China [1][2] - The company was approved by the Hunan Provincial Government and registered with the Hunan Provincial Administration for Industry and Commerce, obtaining a business license [1] - The company was approved by the China Securities Regulatory Commission for its initial public offering of 55 million shares, which were listed on the Shenzhen Stock Exchange on December 11, 2000 [1][2] - The registered capital of the company is RMB 1,469,448,061 [1] Company Structure - The company is a permanent joint-stock limited company [2] - The chairman serves as the legal representative of the company [2] - All assets of the company are divided into equal shares, and shareholders are liable for the company's debts only to the extent of their subscribed shares [2] - The company's articles of association are legally binding on the company, shareholders, directors, supervisors, and senior management [2] Business Objectives and Scope - The company's business objective is to research, transform, and promote agricultural high-tech achievements, contributing to rural economic development while ensuring the best returns for all shareholders [2][3] - The company's business scope includes the operation of crop seeds, pesticide production, fertilizer production, food production, and various agricultural services [3] Share Issuance - The company's shares are in the form of stocks, and the issuance of shares follows principles of openness, fairness, and justice [4] - The total number of shares issued by the company is 1,469,448,061, with a structure of ordinary shares [4][5] - The company does not provide any financial assistance to individuals or entities purchasing or intending to purchase its shares [4] Shareholder Rights and Obligations - Shareholders have rights to dividends, participate in shareholder meetings, supervise the company's operations, and transfer their shares [12][13] - Shareholders are obligated to comply with laws and regulations, pay their subscribed capital, and not abuse their rights to harm the company or other shareholders [15] Party Organization - The company has established a Communist Party organization to strengthen the party's leadership and ensure the implementation of party policies [11][12] - The party organization is integrated into the company's management structure, with dedicated staff and budget for party activities [11][12] Shareholder Meetings - The company holds annual and temporary shareholder meetings to decide on major company matters, including business direction, capital changes, and asset transactions [46][49] - Shareholder meetings require proper notification and documentation, ensuring all shareholders can participate and vote [60][61]

目 录 | 一、以自筹资金预先支付发行费用的鉴证报告………………… | 第 | 1—2 | 页 | | --- | --- | --- | --- | | 二、以自筹资金预先支付发行费用的专项说明………………… | 第 | 3—4 | 页 | | 三、附件 ……………………………………………………………第 | | 5—8 | 页 | | …………………………………… （一）本所营业执照复印件 | 第 | 5 | 页 | | （二）本所执业证书复印件 …………………………………… | 第 | 6 | 页 | | （三）本所签字注册会计师执业证书复印件 ……………… | 第 | 7—8 | 页 | 关于袁隆平农业高科技股份有限公司 天健审〔2025〕2-439 号 袁隆平农业高科技股份有限公司全体股东： 我们鉴证了后附的袁隆平农业高科技股份有限公司（以下简称隆平高科公司） 管理层编制的《以自筹资金预先支付发行费用的专项说明》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供隆平高科公司为以募集资金置换预先支付发行费用的自筹 资金之目的使用，不得用作任何其他目的。 二、管理层的责任 隆平高科公司管理层的责任是提供 ...

证券代码： 000998 证券简称：隆平高科 公告编号：2025-36 袁隆平农业高科技股份有限公司 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。 除上述修订条款外，原章程其余条款保持不变。同时，公司董事会提请股东 大会授权董事会负责向工商登记机关办理公司前述事项变更（备案）登记所需的 所有相关手续，并授权董事会及其授权办理人员按照工商登记机关或其他政府有 关部门提出的审批意见或要求，对本次变更（备案）登记的事项进行必要的修改， 上述修改对公司具有法律约束力。 袁隆平农业高科技股份有限公司（以下简称"公司"）于2025年5月28日召 开第九届董事会第十九次（临时）会议，审议通过了《关于变更注册资本暨修订 <公司章程> 的议案》，具体相关事项公告如下： 本次修订后的《公司章程》以工商登记机关核准的内容为准。本次章程修订 尚需提交公司 2025 年第一次（临时）股东大会审议。 一、变更注册资本的相关情况 特此公告 根据中国证券监督管理委员会出具的《关于同意袁隆平农业高科技股份有限 公司向特定对象发行股票注册的批复》（证监许可〔2025〕700号），公司向特 定对象发 ...