袁隆平农业高科技股份有限公司 市值管理制度 （2025年4月） 第一章 总则 第一条 为加强袁隆平农业高科技股份有限公司（以下简称"公司"）市值管理 工作，进一步规范公司市值管理行为，切实保护公司投资者特别是社会公众投资 者的合法权益，树立公司诚信形象，提高公司核心竞争力，实现公司价值最大化 和股东利益最大化，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司监管指引第 10 号——市值管理》《深圳证券交易所股票上市规则》《袁 隆平农业高科技股份有限公司章程》（以下简称《公司章程》）及其他法律、行 政法规和规章的有关规定，结合本公司实际情况，制定本制度。 第二条 本制度所称市值管理，是指公司以提高公司质量为基础，为提升公司 投资价值和股东回报能力而实施的战略管理行为。 第三条 公司应当牢固树立回报股东意识，采取措施保护投资者尤其是中小投 资者利益，诚实守信、规范运作、专注主业、稳健经营，以新质生产力的培育和 运用，推动经营水平和发展质量提升，并在此基础上做好投资者关系管理，增强 信息披露质量和透明度，必要时积极采取措施提振投资者信心，推动公司投资价 值合理反映上市公司质量。 公司质量是公司投资价 ...

经核查，公司上述独立董事任职经历、在公司的履职情况及签署的相关自查 文件，董事会认为公司独立董事均能够胜任独立董事的职责要求，其未在公司担 任除独立董事以外的任何职务，也未在公司主要股东公司担任任何职务，与公司 以及主要股东之间不存在妨碍进行独立客观判断的关系，不存在影响独立董事独 立性的情况，符合《上市公司独立董事管理办法》等法律法规及《公司章程》中 关于独立董事的任职资格及独立性的相关要求。 袁隆平农业高科技股份有限公司董事会 二〇二五年四月二十五日 1 袁隆平农业高科技股份有限公司董事会 关于独立董事独立性情况的专项报告 根据《上市公司独立董事管理办法》《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》的规 定，袁隆平农业高科技股份有限公司（以下简称"公司"）董事会，就公司在任 独立董事李皎予、李少昆、刘贵富的独立性情况进行评估并出具如下专项意见： ...

Financial Performance - The company's revenue for Q1 2025 was CNY 1,408,513,410.93, a decrease of 32.03% compared to CNY 2,072,229,466.76 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 2,094,725.59, a decline of 102.72% from a profit of CNY 76,881,670.91 in the previous year[4] - The net profit after deducting non-recurring gains and losses decreased by 85.19%, amounting to CNY 10,736,432.36 compared to CNY 72,511,432.29 last year[4] - Basic and diluted earnings per share were both CNY -0.0016, a decrease of 102.74% from CNY 0.0584 in the same period last year[4] - Total operating revenue for the current period is ¥1,408,513,410.93, a decrease of 32% from ¥2,072,229,466.76 in the previous period[21] - Net profit for the current period is ¥31,835,586.60, compared to ¥82,857,088.94 in the previous period, reflecting a decline of 62%[22] - The company reported a net loss attributable to the parent company of ¥2,094,725.59, contrasting with a profit of ¥76,881,670.91 in the previous period[23] Cash Flow and Liquidity - The net cash flow from operating activities improved by 13.64%, reaching CNY -939,126,129.53, compared to CNY -1,087,450,278.03 in the previous year[4] - Cash flow from operating activities generated ¥864,476,955.51, an increase from ¥813,833,777.42 in the previous period[24] - The net cash flow from operating activities was -$939.13 million, an improvement from -$1.09 billion in the previous period[25] - The total cash and cash equivalents at the end of the period stood at $1.95 billion, down from $3.04 billion previously[26] - The company’s cash and cash equivalents position improved, indicating better liquidity management[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,291,986,771.07, an increase of 1.50% from CNY 23,932,588,347.37 at the end of the previous year[4] - Current liabilities include short-term borrowings of approximately 5.56 billion RMB, up from 4.84 billion RMB[18] - Total liabilities amount to ¥15,745,572,500.49, slightly down from ¥15,911,287,071.61 in the previous period[19] - Total equity attributable to shareholders of the parent company increased to ¥5,014,253,265.79 from ¥4,770,534,827.74[19] Market Challenges and Strategies - The company faced challenges in the corn seed market due to oversupply, inventory pressure, and intensified competition, leading to a decline in sales volume[7] - The company implemented cost reduction measures, resulting in a decrease in cash payments to employees and other operating-related cash outflows[7] - The company plans to raise up to 1.2 billion RMB through a private placement of A-shares, with net proceeds aimed at repaying bank loans and enhancing liquidity[11] - The company aims to enhance its competitive position in the vegetable and fruit seed sector through strategic partnerships and investments[14] - The company plans to focus on market expansion and new product development to drive future growth[21] Investments and Joint Ventures - The company has transferred 34% equity of Tianjin Deruite Specialty Seed Co., Ltd. to Mitsui & Co., Ltd. for 489.6 million RMB, retaining a 66% stake post-transaction[14] - The company has established a joint venture with Shenzhen Kaihong Digital Industry Development Co., Ltd. to create a digital agriculture company, with an investment of 40 million RMB for a 47.06% stake[15] Operational Efficiency - The weighted average return on equity decreased by 1.41%, reflecting the decline in net profit attributable to shareholders[8] - The company is focused on optimizing its capital structure and improving financial health to support high-quality R&D and operational development[11] - Total operating costs for the current period are ¥1,322,241,816.07, down 35% from ¥2,033,396,074.30 in the previous period[22] - The company reported a significant increase in inventory, rising to approximately 4.12 billion RMB from 3.87 billion RMB, reflecting growth in production[18] - Accounts receivable increased to approximately 2.19 billion RMB from 1.83 billion RMB, indicating improved sales performance[18]

Financial Performance - The company achieved domestic revenue of 5.4 billion CNY and a net profit of 540 million CNY, with a stock-to-sales ratio of 79%[7]. - The company reported a total revenue of 8.566 billion CNY, a decrease of 7.13% year-on-year, and a net profit attributable to shareholders of 114 million CNY, down 43.08%[18]. - The company's total assets decreased by 13.75% year-on-year to 23.933 billion CNY, with a weighted average return on equity of 2.21%[18]. - The net profit attributable to shareholders for 2024 was ¥113,866,777.84, down 43.08% from ¥200,054,689.58 in 2023[44]. - The total operating revenue for 2024 is approximately ¥8.57 billion, a decrease of 7.13% compared to ¥9.22 billion in 2023[132]. - The company achieved a total operating revenue of 8.566 billion yuan and a net profit attributable to shareholders of 114 million yuan during the reporting period[118]. Business Segments - The rice business continued to grow by approximately 13% on top of a 36% increase in 2023, reaching over 2 billion CNY in revenue and a net profit of 340 million CNY[7]. - The corn seed business maintained stability with revenue exceeding 2.1 billion CNY and a net profit of over 430 million CNY despite high inventory pressures[7]. - Revenue from rice seeds reached 2.008 billion yuan, representing a year-on-year growth of 12.97%[118]. - Domestic corn seed revenue was 2.121 billion yuan, maintaining strong operational resilience despite challenges, while overall corn seed revenue decreased by 16.74% to 5.021 billion yuan[119]. - Wheat seed revenue increased by 9.68% to 252 million yuan during the reporting period[120]. - The company's vegetable seed revenue reached 321 million yuan, a year-on-year increase of 0.69%[123]. Market Position and Strategy - The company’s transgenic corn variety promotion area remains the largest in the country, reflecting its leading position in the market[7]. - In Brazil, the company is facing significant challenges but has managed to increase its market share and is working on improving operational management and financial strategies[9]. - The company plans to enhance its core competitiveness in the corn industry and support the domestic biological breeding industrialization process[9]. - The company is actively exploring market expansion opportunities in emerging agricultural markets, particularly in South America[53]. - The company has become a leading player in the seed industry, recognized as one of the top eight global seed companies, with an operating scale nearing 10 billion RMB[61]. - The company is focusing on consolidating and expanding its overseas business, particularly in Southeast Asia and South Asia, through its Hainan hybrid rice research center[199]. Research and Development - The company is focusing on technological innovations in seed breeding, including gene editing and whole genome techniques, to enhance crop yield and quality[53]. - The company has established a global R&D network covering over 60 breeding and testing stations, with more than 16,000 acres of testing bases and over 10 advanced biotechnology laboratories, positioning itself as an industry leader[71]. - The company has developed a comprehensive commercialization breeding system for rice, focusing on high-yield and multi-resistant varieties suitable for different ecological zones[73]. - The application of genome-wide selection breeding technology improved breeding efficiency by 64.2% in rice and 41% in corn[150]. - The company has applied for 207 new plant variety rights, including 119 for rice and 72 for corn, and received authorization for 113 rights, bringing the total effective plant variety rights to 979[86]. - The company has developed new cucumber and sunflower varieties, with the cucumber variety becoming the most widely promoted in facilities, and expectations for over 1 million mu of the new Zhangzagu variety[101]. Corporate Governance and Compliance - The company aims to innovate its governance model and strengthen strategic investments to build a robust operational framework for future growth[11]. - The company emphasizes the importance of risk disclosure in its annual report, particularly in the section on future development outlook[24]. - The company is committed to adhering to the disclosure requirements set by the Shenzhen Stock Exchange for the agricultural industry[24]. - The company has received approval from the China Securities Regulatory Commission for the issuance of A-shares, which is currently in progress[24]. - The company has established a financial derivatives trading management system to regulate trading authorization, approval processes, and risk management[177]. Challenges and Future Outlook - The company is facing significant challenges in Brazil but has managed to increase its market share and is working on improving operational management and financial strategies[9]. - The company plans to continue optimizing its product structure and resource allocation to enhance profitability in the future[187]. - The strategic significance of the company's forward-looking layout in Brazil is becoming increasingly evident amid ongoing Sino-U.S. trade tensions[200]. - The company is applying for a medium to long-term loan of RMB 4 billion to manage interest rate and exchange rate risks effectively[199]. - Future outlook includes potential market expansion and new product development in agricultural technology and seed production[184]. Subsidiaries and Investments - The subsidiary Longping Development experienced a revenue decline of 19.14% to 3,141.91 million CNY, resulting in a net loss of 862.42 million CNY, attributed to low international grain prices and increased financial costs due to currency fluctuations[198]. - The subsidiary Lianchuang Seed Industry reported total assets of 2.72 billion yuan and a net profit of 408.32 million yuan during the reporting period[183]. - The company established several subsidiaries during the reporting period, with a net profit loss of 2.12 million CNY from Liaoning Xuntian Baoyuan Seed Industry[188]. - The overall performance of the subsidiaries indicates a strong trend in the agricultural sector, with significant revenue and profit growth across the board[184].

袁隆平农业高科技股份有限公司 关于向特定对象发行股票 发行情况报告书披露的提示性公告 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。 袁隆平农业高科技股份有限公司（以下简称"公司"）向特定对象发行股票发 行承销总结及相关文件已在深圳证券交易所备案通过，公司将依据相关规定尽快办 理本次发行新增股份的登记托管事宜。 证券代码：000998 证券简称：隆平高科 公告编号：2025-11 《袁隆平农业高科技股份有限公司向特定对象发行股票发行情况报告书》及相 关文件已于同日刊登在巨潮资讯网（http://www.cninfo.com.cn）。敬请广大投资者 注意查阅。 特此公告 袁隆平农业高科技股份有限公司董事会 二〇二五年四月二十四日 ...

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 2024年度向特定对象发行A股股票 发行过程和认购对象合规性的 法律意见书 二零二五年四月 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"隆平高科"或"公司"或"发行人"）委托，担任隆平高科本次向 特定对象发行股票（以下简称"本次发行"或"本次向特定对象发行股票"）的专 项法律顾问。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》"）、《上市公司证券发行注册管 理办法》（以下简称"《发行注册管理办法》"）、《证券发行与承销管理办法》 （以下简称"《承销管理办法》"）、《深圳证券交易所上市公司证券发行与承销 业务实施细则》（以下简称"《实施细则》"）、《律师事务所从事证券法律业务 管理办法》等相关法律、法规以及规范性文件的规定，按照中国律师行业公认的业 务标准、道德规范和勤勉尽责精神，本所就隆平高科本次向特定对象发行股票发行 过程和认购对象合规性出具本法律意见书。 对本法律意见书，本所及经办律师声明如下： 1、为出具本法律意见书，本所及经办律师按照律师行业公认的业 ...

目 录 | | | | 二、附件 …………………………………………………………… 第 | 3—12 页 | | --- | --- | | （一）向特定对象发行股票认购资金明细表 ………………………第 | 3 页 | | （二）银行进账单和询证函复印件 …………………………… 第 | 4—8 页 | | （三）本所营业执照复印件 …………………………………………第 | 9 页 | | （四）本所执业证书复印件 ………………………………………第 | 10 页 | | （五）签字注册会计师注册会计师证书复印件 ……………第 | 11—12 页 | 验 证 报 告 天健验〔2025〕2-3 号 中信建投证券股份有限公司： 我们接受委托，对截至 2025 年 4 月 17 日止参与认购由贵公司承销的袁隆平 农业高科技股份有限公司（以下简称隆平高科公司）向特定对象发行人民币普通 股股票（A 股）（以下简称本次发行）的认购对象认购资金的实收情况进行验证。 按照法律法规以及协议、章程的要求出资，提供真实、合法、完整的验证资料， 保护资产的安全、完整是贵公司和隆平高科公司的责任。我们的责任是对参与隆 平高科公司本次发行的认购 ...

中信建投证券股份有限公司 关于袁隆平农业高科技股份有限公司 向特定对象发行股票 发行过程和认购对象合规性的报告 保荐人（主承销商）：中信建投证券股份有限公司 二〇二五年四月 中信建投证券股份有限公司 关于袁隆平农业高科技股份有限公司 向特定对象发行股票发行过程和认购对象合规性的报告 经中国证券监督管理委员会（以下简称"中国证监会"）《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）批复，袁隆平农业高科技股份有限公司（以下简称"隆平高科""发行 人"或"公司"）向特定对象发行股票 152,477,763 股（以下简称"本次发行"）， 发行价格为 7.87 元/股，募集资金总额为 1,199,999,994.81 元。 中信建投证券股份有限公司（以下简称"中信建投证券""保荐人（主承销 商）"或"主承销商"）作为本次发行的保荐人（主承销商），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》"）《证券发行与承销管理办法》（以下简称"《承销管理办 法》"）《上市公司证券发行注册管理办法》（以下简称"《注册管 ...

股票简称：隆平高科 股票代码：000998 袁隆平农业高科技股份有限公司 向特定对象发行股票 发行情况报告书 保荐人（主承销商） 二〇二五年四月 1 本公司全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记 任。 刘志勇 许靖波 罗永根 张 林 刘贵富 2 发行人全体董事、监事、高级管理人员声明 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责 公司董事签名： 张 坚 桑 瑜 李皎予 李少昆 袁隆平农业高科技股份有限公司 本公司全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记 任。 公司监事签名： 袁定江 张 伟 邹振宇 袁隆平农业高科技股份有限公司 年 月 日 3 发行人全体董事、监事、高级管理人员声明 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责 本公司全体董事、监事及高级管理人员承诺本发行情况报告书不存在虚假记 任。 宫俊涛 黄冀湘 胡 博 袁隆平农业高科技股份有限公司 年 月 日 4 发行人全体董事、监事、高级管理人员声明 载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法律责 公司非董事高级管理人员签名： 杨远柱 ...