证券代码：000998 证券简称：隆平高科 公告编号：2025-65 袁隆平农业高科技股份有限公司 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、本次交易概述 为增强袁隆平农业高科技股份有限公司（以下简称"公司"）在玉米产业的 综合竞争力，满足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"）发展需要，联创种业拟增资扩股引入战略投资者中国中信金融资 产管理股份有限公司（以下简称"中信金融资产"）、现代种业发展基金有限公 司（以下简称"现代种业基金"）、湖南湘鑫中垦股权投资合伙企业（有限合伙） （以下简称"中垦基金"）、太平（深圳）乡村振兴私募股权投资基金合伙企业 （有限合伙）（以下简称"太平乡村振兴基金"）4 家机构。中信金融资产、现 代种业基金、中垦基金、太平乡村振兴基金分别以人民币 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 ...

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 1、股东大会届次：2025 年第三次（临时）股东大会 2、股东大会的召集人：董事会 公司第九届董事会已于 2025 年 10 月 10 日召开第二十二次（临时）会议，审议通过了 《关于提请召开 2025 年第三次（临时）股东大会的议案》。 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： 证券代码：000998 证券简称：隆平高科 公告编号：2025-66 袁隆平农业高科技股份有限公司 关于召开 2025 年第三次（临时）股东大会的通知 （1）现场会议时间：2025 年 10 月 29 日 15:00 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 10 月 29 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票 ...

（一）审议通过了《关于提名第九届董事会非独立董事候选人的议案》 经公司股东中信农业科技股份有限公司提名，公司董事会同意提名黄征先生 为公司第九届董事会非独立董事候选人，任期自 2025 年第三次（临时）股东大会 审议通过之日起至第九届董事会任期届满之日止。 本议案已经公司董事会提名与薪酬考核委员会审议通过，同意将本议案提交 董事会审议。 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《关于补选非独立董事的 公告》。 证券代码：000998 证券简称：隆平高科 公告编号：2025-62 袁隆平农业高科技股份有限公司 第九届董事会第二十二次（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 袁隆平农业高科技股份有限公司（以下简称"公司"）第九届董事会第二十 二次（临时）会议于 2025 年 10 月 10 日下午 14:00 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 2 ...

Group 1 - The core point of the news is that Longping High-Tech (SZ 000998) held a temporary board meeting on October 10, 2025, to discuss the proposal for the third (temporary) shareholders' meeting of 2025 [1] - Longping High-Tech's revenue composition for the first half of 2025 is entirely from agriculture, with a 100.0% share [2] - As of the report, Longping High-Tech has a market capitalization of 14.5 billion yuan [3]

从资金流向上来看，当日种植业板块主力资金净流出206.53万元，游资资金净流入5780.89万元，散户资 金净流出5574.36万元。种植业板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600598 | 北大荒 | 5829.83万 | 4.82% | 903.37万 | 0.75% | -6733.20万 | -5.56% | | 300511 | 雪榕生物 | 3809.55万 | 12.35% | -1811.79万 | -5.87% | -1997.75万 | -6.48% | | 601952 苏垦农发 | | 2777.53万 | 15.04% | -1353.53万 | -7.33% | -1423.99万 | -7.71% | | 002041 | 竞海种业 | 709.47万 | 3.46% | 121.55万 | 0.59% | -831.02万 | -4.05% | | ...

Group 1 - The genetically modified (GM) concept sector declined by 0.17% as of the market close on September 29, ranking among the top decliners in concept sectors [1] - Within the GM sector, notable decliners included Jincheng Pharmaceutical, Shennong Agriculture, and Guotou Fengle, while the top gainers were Xin'an Co., Huabang Health, and Top Cloud Agriculture, with respective increases of 3.89%, 1.80%, and 0.78% [1] - The GM sector experienced a net outflow of 80 million yuan in principal funds today, with Jincheng Pharmaceutical leading the outflow at 39.04 million yuan [2] Group 2 - The top stocks with net outflows in the GM sector included Longping High-Tech, Xin'an Co., and Nongfa Seed Industry, with outflows of 13.57 million yuan, 11.01 million yuan, and 8.06 million yuan respectively [2] - Conversely, the stocks with the highest net inflows included Dabeinong, KQ Bio, and Dunhuang Seed Industry, with inflows of 12.52 million yuan, 2.55 million yuan, and 2.35 million yuan respectively [2][3] - The trading performance of Jincheng Pharmaceutical showed a decline of 4.49% with a turnover rate of 4.06% [2]

Investment Rating - The industry investment rating is "Maintain Overweight" [3] Core Viewpoints - The agricultural sector is experiencing a strong trend towards high-yield, densely planted varieties, particularly in hybrid corn, with MY73 maintaining the top position in terms of planting area at 20.97 million acres, showing a slight increase from last year [1][10] - In the pig farming sector, the average selling price of lean pigs is 12.44 yuan/kg, down 3% from last week, indicating a continued low valuation in the market [2][11] - The poultry sector shows mixed trends, with white feather chicken prices rising by 0.3% to 6.9 yuan/kg, while chicken product prices remain stable at 8.65 yuan/kg [11][31] - The introduction of genetically modified varieties is expected to enhance the growth potential of industry companies, with commercial sales anticipated to begin following the public announcement period [11][12] Summary by Sections Agricultural Data Tracking - The average selling price of lean pigs is 12.44 yuan/kg, down 3% from last week, while the average wholesale price of pork is 19.42 yuan/kg, down 0.3% [12][20] - The price of 15kg piglets is 23.98 yuan/kg, down 4.7% week-on-week [19][23] Pig Farming - The self-breeding profit per head is -74.11 yuan, a decrease of 49.66 yuan from last week, while the profit from purchasing piglets is -236.57 yuan, down 37.25 yuan [16][17] - The average weight of slaughtered pigs remains stable at 89.07 kg [19][21] Poultry Farming - The price of meat chicken seedlings has increased by 4.4% to 3.29 yuan each, while the price of parent chicken seedlings has decreased by 0.4% to 43.19 yuan/set [26][29] - The profit from parent chicken breeding is 0.54 yuan each, up 0.14 yuan from last week, while the profit from meat chicken breeding is -2.22 yuan each, down 0.66 yuan [36][37] Crop Prices - Domestic corn prices have risen by 0.2% to 2365.29 yuan/ton, while soybean meal prices have decreased by 0.4% to 3019.71 yuan/ton [45][67] - The price of domestic wheat is 2436.28 yuan/ton, also up by 0.2% [47] Market Trends - The agricultural sector has underperformed compared to the CSI 300 index, with a decline of 1.97% [7][8] - The overall market sentiment indicates a potential recovery in chicken prices following emotional adjustments in the market [11][12]

Investment Rating - The report maintains a "Positive" investment rating for the agriculture industry [5] Core Viewpoints - The pig farming sector is expected to see a long-term performance improvement due to ongoing capacity reduction driven by both policy and market forces, with key companies continuing to show profitability and increasing dividend rates [3][46] - The current prices for fat pigs and piglets have dropped significantly, leading to widespread losses in the industry, which may trigger a market-driven capacity reduction [3][12] - The planting sector is showing positive fundamentals with an established upward trend in grain prices, highlighting significant investment opportunities [3][46] Summary by Relevant Sections Industry Fundamentals - Pig prices continue to decline, with the average price for fat pigs at 12.45 yuan/kg, down 1.81% week-on-week, and piglet prices at 21.29 yuan/kg, down 4.81% week-on-week [12][54] - The average weight of pigs at slaughter is stabilizing, but the pressure from capacity release continues, leading to a sustained decline in prices [12] Investment Recommendations - The report recommends focusing on the pig farming sector, highlighting companies such as Muyuan Foods (002714) and Wens Foodstuff Group (300498) as key investment targets [3][46] - For the post-cycle sector, rising pig inventory is expected to boost demand for feed and animal health products, with companies like Haida Group (002311) and Reap Bio (300119) identified as potential beneficiaries [3][46] - In the planting chain, companies like Suqian Agricultural Development (601952) and Beidahuang (600598) are noted for their favorable investment outlook due to rising grain prices [3][46] - The pet food sector is also highlighted for its growth potential, with companies like Guibao Pet (301498) and Zhongchong Co. (002891) recommended for investment [3][46] Market Performance - The agriculture sector underperformed the market, with the agricultural index down 1.97% during the week, compared to a 0.21% increase in the Shanghai Composite Index [48][49] - Key sub-sectors such as feed, animal health, and livestock farming all experienced declines, with livestock farming down 2.14% [48]

Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights the ongoing decline in pork prices, with the average price of live pigs at 12.64 CNY/kg, down 3.05% week-on-week, indicating a supply surplus in the market. However, upcoming festivals are expected to boost consumption and potentially stabilize prices [2][13] - The report emphasizes the importance of improving grain yield through advanced agricultural practices and technology, particularly in the context of food security and the promotion of genetically modified crops [1][12] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs is focusing on enhancing grain yields through a comprehensive approach tailored to specific crops and regions. This includes promoting high-performance agricultural machinery and addressing storage issues in different regions [1][12] - Companies like Beidahuang and Suqian Agricultural Development are expected to benefit from these initiatives, along with seed companies such as Dabeinong and Longping High-Tech [1][12] Swine Farming - The current average price of live pigs is 12.64 CNY/kg, reflecting a significant decrease due to oversupply. A meeting was held to discuss reducing the breeding sow population by approximately 1 million to stabilize prices [2][13] - The report suggests that the swine industry will focus on quality improvement and efficiency, with a gradual elimination of outdated production capacity. Companies like Muyuan Foods and Wen's Foodstuffs are highlighted as key players to watch [2][5][13] Key Agricultural Product Data Tracking - Corn: The average price is 2360.47 CNY/ton, down 0.10% week-on-week [26] - Wheat: The average price is 2434.39 CNY/ton, up 0.23% week-on-week [29] - Soybeans: The average price is 4050.42 CNY/ton, up 0.17% week-on-week [38] - Cotton: The average price is 15090.00 CNY/ton, down 0.89% week-on-week [46] Feed and Vitamin Prices - The average price of pig feed is 2.68 CNY/kg, with no change week-on-week. Vitamin E prices have decreased by 7.84% to 51.70 CNY/kg [52][63]

Core Insights - China has made significant breakthroughs in breeding new high-yield rice varieties resistant to the rice planthopper, addressing the challenge of stable rice production [1] - The rice planthopper is identified as the primary pest in rice production in China, affecting over 300 million acres annually and causing a reduction of 3 billion pounds in rice yield [1] - The coverage rate of pest-resistant rice varieties in production is currently below 1% [1] Group 1: Research and Development - The breakthroughs were achieved with the support of the Agricultural Biotechnology Breeding Major Project, involving collaboration between Yuan Longping High-Tech Agriculture Co., Ltd. and leading domestic research teams [1] - A cooperative model of enterprise-science collaboration was established to innovate and apply molecular design breeding technology [1] - Key genes for resistance to the brown planthopper, rice blast disease, and nitrogen efficiency were precisely aggregated to develop new rice varieties [1] Group 2: New Varieties and Performance - New rice varieties such as "Wei Liang You 2268" and "Yang Xian You 4278" have been developed, showing significant resistance to the brown planthopper and rice blast disease [1] - Field trials indicate that these new varieties have increased yields by over 5% compared to control groups [1] - The "Wei Liang You 2268" variety achieved a record yield of 1,174.5 kg per mu in a demonstration plot in Hunan, setting a new high yield record for single-season rice in the middle and lower reaches of the Yangtze River [1] Group 3: Future Implications - The new varieties have been selected for inclusion in the 2025 National Crop Variety Promotion Directory as candidate varieties [1] - The accelerated promotion and application of these new varieties are expected to inject strong momentum into achieving high and stable rice production across China [1]