（编辑 任世碧） 证券日报网讯 7月30日晚间，粤海饲料发布公告称，公司2023年员工持股计划第一个锁定期于2024年8 月11日届满。2023年员工持股计划管理委员会已将本持股计划第一个锁定期解锁股份全部处置完毕。 ...

证券代码：001313 证券简称：粤海饲料 公告编号：2025-054 广东粤海饲料集团股份有限公司 关于 2023 年员工持股计划第一个锁定期解锁股票 处置完毕的公告 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。 广东粤海饲料集团股份有限公司（以下简称"公司"）2023年员工持股计划 （以下简称"本持股计划"）第一个锁定期于2024年8月11日届满。2023年员工持 股计划管理委员会(以下简称"管委会")已将本持股计划第一个锁定期解锁股份全 部处置完毕。根据中国证监会《关于上市公司实施员工持股计划试点的指导意见》 《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》等相关规 定，现将具体情况公告如下： 一、本员工持股计划的持股情况和第一个锁定期届满情况 1、员工持股计划持股情况 2、第一个锁定期届满情况 本员工持股计划第一个股票锁定期已于2024年8月11日届满，第一批股票可解 锁比例为本员工持股计划持股总数的50%，即4,250,000股，占公司当时总股本的 0.6071%。具体内容详见公司于2024年8月16日在巨潮资讯网(www.cni ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking the first coverage of the stock [6]. Core Viewpoints - The company has over 30 years of experience in the specialized aquatic feed sector, focusing on the research and sales of feed for marine species such as shrimp, golden pompano, and sea bass. In 2024, the feed sales volume is expected to reach 787,100 tons, with specialized aquatic feed accounting for 70% of this volume. The company is a core player in the domestic specialized aquatic feed market, with over 71% of its revenue coming from the South China region [4][11]. - The recovery of the downstream aquaculture market is anticipated to drive a rebound in feed demand, as prices for major aquatic products like grass carp, crucian carp, and California sea bass remain at high levels, leading to increased stocking and feeding activities [12][15]. - The company is enhancing its credit management and fund recovery measures to address the impact of bad debts, which have increased significantly due to market conditions. The efficiency of fund recovery is gradually improving [13][38]. Summary by Sections Company Overview - The company has established itself as a leader in the specialized aquatic feed industry, leveraging over 30 years of technical expertise and market presence. It has developed a competitive edge through its "Three Highs and Three Lows" strategy, which focuses on high quality, health, and growth while minimizing protein content, waste, and feed conversion ratios [11][22]. Market Conditions - The aquaculture market is showing signs of recovery, with expectations for increased feed production in 2025. The prices of key aquatic products are projected to remain high, which will likely boost stocking and feeding activities, thereby increasing feed demand [12][52]. Financial Performance - The company's revenue has experienced fluctuations, with a projected recovery in 2025. The report forecasts revenues of 67.78 billion, 74.07 billion, and 77.11 billion yuan for 2025, 2026, and 2027, respectively, with net profits expected to reach 1.31 billion, 1.83 billion, and 2.26 billion yuan during the same period [14][78]. Strategic Initiatives - The company is actively expanding its market presence both domestically and internationally, particularly in Vietnam, where it has established a production base to meet the growing demand for aquatic feed. This strategic move is expected to enhance its growth potential in the region [74][77].

Core Insights - The concentrated feed industry in China is experiencing a decline in production, with a projected output of 12.94 million tons in 2024, representing an 8.8% year-on-year decrease, primarily due to reduced demand from the livestock sector and rising raw material costs [1][11][19] - The average prices of concentrated feed are also on a downward trend, with specific prices for fattening pig feed at 5 CNY/kg (down 4.4%), layer chicken feed at 3.54 CNY/kg (down 4.4%), and broiler feed at 4.13 CNY/kg (down 5.5%) in the first half of 2025 [13][19] Industry Overview - Concentrated feed, also known as protein supplement feed, is a processed feed with moisture content below 12%, providing essential nutrients like proteins, minerals, and vitamins, and is characterized by high nutritional density and energy content [1][3] - The industry is currently in an adjustment phase, influenced by a decrease in livestock farming demand and increased raw material prices, leading to a shift towards mixed feed [1][11] Industry Policies - The Chinese government has introduced several policies to promote the development of the concentrated feed industry, including initiatives for healthy farming practices and the comprehensive utilization of agricultural by-products [5][6][22] - Key policies include the promotion of low-protein diets and support for the exploration and efficient use of new feed resources [6][22] Industry Chain - The concentrated feed industry chain consists of upstream raw materials (corn, sorghum, fish meal, etc.), midstream production processes, and downstream applications in livestock farming [7][11] Competitive Landscape - Large feed companies dominate the market due to their advantages in brand, scale, and technology, while small and medium enterprises face challenges in technology and market share [15][19] - Major players in the industry include New Hope Liuhe, Haida Group, and Beijing Dabeinong Technology Group [15][19] Development Trends - The industry is expected to see advancements in technology and product innovation, with a focus on personalized and high-end market demands [21] - There is a push for green development in response to stricter environmental regulations, encouraging companies to reduce pollution and improve resource efficiency [22] - The internationalization of the concentrated feed industry is accelerating, with opportunities for growth in export markets driven by initiatives like the Belt and Road [24]

Group 1 - The China-US economic talks were held in Stockholm, where both sides agreed to extend the suspension of the US's 24% reciprocal tariffs and China's countermeasures for another 90 days [6] - The IMF significantly raised its economic growth forecast for China, increasing the expected growth rate for this year by 0.8 percentage points due to stronger-than-expected economic activity in the first half of the year and substantial tariff reductions [10] - The Hong Kong Monetary Authority released documents regarding the regulatory framework for stablecoin issuers, set to be implemented on August 1, 2025, including guidelines for licensed stablecoin issuers and anti-money laundering measures [7] Group 2 - The Ministry of Finance announced the implementation of a national childcare subsidy system, with an estimated annual distribution of around 100 billion yuan, which is expected to stimulate demand in related industries [12] - The State-owned Assets Supervision and Administration Commission announced the establishment of China Changan Automobile Group Co., Ltd., which will be managed by the State Council [6] - The economic performance of state-owned enterprises showed a total revenue of 40,749.59 billion yuan in the first half of the year, a year-on-year decrease of 0.2%, and total profits of 2,182.53 billion yuan, down 3.1% [8]

Group 1 - The State-owned Assets Supervision and Administration Commission announced the establishment of China Chang'an Automobile Group Co., Ltd., which will be managed by the State Council [2] - The Hong Kong Monetary Authority released documents regarding the regulatory framework for stablecoin issuers, effective from August 1, 2025 [3] - The Ministry of Finance reported that from January to June 2025, state-owned enterprises had total operating revenue of 4,074.96 billion yuan, a year-on-year decrease of 0.2% [3] Group 2 - Zhejiang Province's Science and Technology Department proposed measures to enhance financial support for innovation, aiming for 80% of new listed companies in the technology sector by 2027 [4] - Companies such as Chang'an Automobile and Dong'an Power have undergone changes in their indirect controlling shareholders to China Chang'an Automobile [6] - Shijia Photon reported a net profit of 217 million yuan for the first half of the year, a year-on-year increase of 1712% [6]

Core Viewpoint - The legal opinion issued by Guohao Law Firm confirms that the procedures for convening and holding the 2025 First Extraordinary General Meeting of Guangdong Yuehai Feed Group Co., Ltd. comply with relevant laws and regulations, ensuring the legality and validity of the meeting and its resolutions [1][4][9]. Group 1: Meeting Procedures - The meeting was convened by the company's board of directors as per the notice published on July 9, 2025, which complies with the Company Law and the company's articles of association [2][3]. - The meeting took place on July 25, 2025, at the specified location and time, consistent with the notice [3][4]. Group 2: Attendance and Qualifications - A total of 152 shareholders attended the meeting, representing 485,389,899 shares, which is 70.4076% of the total voting shares [3][5]. - Among the attendees, 4 shareholders were present at the venue, representing 482,173,999 shares, or 69.9411% of the voting shares [4][5]. Group 3: Voting Procedures and Results - The meeting's proposals were reviewed and voted on through both on-site and online voting methods, with the results confirming the legality of the voting process [5][9]. - The voting results showed that 485,184,399 shares (99.9577%) were in favor of the proposals, with only 100 shares against, indicating strong support from the shareholders [6][9].

国浩律师（深圳）事务所 关于广东粤海饲料集团股份有限公司 2025 年第一次临时股东大会的法律意见书 本法律意见书仅供公司为本次股东大会之目的使用，不得用作其他任何目 的。本所及本所律师同意将本法律意见书随本次股东大会决议一并公告，并依法 对本法律意见书承担相应的责任。 本所及本所律师根据有关法律法规、规范性文件的要求，按照律师行业公认 1 的业务标准、道德规范和勤勉尽责精神，就上述事宜发表法律意见如下： 一、本次股东大会的召集与召开程序 （一）本次股东大会的召集 根据公司董事会于2025年7月9日刊载的《广东粤海饲料集团股份有限公司关 于召开2025年第一次临时股东大会的通知》公告（以下简称"《会议通知》"）， 本次股东大会由公司董事会召集。 GLG/SZ/A3468/FY/2025-861 致：广东粤海饲料集团股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《广东粤海 饲料集团股份有限公司章程》（以下简称"《公司章程》"）、《广东粤海饲料 集团股份有限公司股东大会议事规则》（以下简称"《股东大会议事规则》"） 等有关规定，国浩律师（深圳）事务所（以下简称"本所"）接受广东粤海饲料 集 ...

证券代码：001313 证券简称：粤海饲料 公告编号：2025-053 广东粤海饲料集团股份有限公司 2025 年第一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、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会无否决议案的情形。 2、本次股东大会不涉及变更前次股东大会决议的情形。 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： （1）现场会议时间：2025 年 7 月 25 日 14:30。 （2）网络投票时间：2025 年 7 月 25 日（周五）。其中，通过深圳证券交 易所交易系统进行网络投票的时间为：2025 年 7 月 25 日的交易时间 9:15--9:25， 9:30--11:30 和 13:00--15:00；通过深圳证券交易所互联网投票系统投票的时间为： 2025 年 7 月 25 日 9:15--15:00。 2、会议召开地点：广东省湛江市霞山区机场路 22 号公司 2 楼会议室。 3、会议召开方式：现场投票与网络投票相结合的方式。 登记日 2025 年 7 月 18 日，公司总股本为 700,000,000 股，公司 ...

国浩律师（深圳）事务所 关于 广东粤海饲料集团股份有限公司 法律意见书 深圳市深南大道 6008 号特区报业大厦 24/31/41/42 层 邮编： 518034 电话/Tel: +86 755 8351 5666 传真/Fax: +86 755 8351 5090 网址/Website: http://www.grandall.com.cn 二〇二五年七月 国浩律师（深圳）事务所 法律意见书 （以下简称"《证券 法》"）、中国证券监督管理委员会（以下简称"中国证监会"）颁布的《关于上市 公司实施员工持股计划试点的指导意见》（以下简称"《指导意见》"）、深圳证券 交易所颁布的《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（2025 年修订）》（以下简称"《自律监管指引第 1 号》"）等有关法律、 法规和规范性文件，以及《广东粤海饲料集团股份有限公司章程》 （以下简称"《公 司章程》"）的规定，就粤海饲料 2025 年员工持股计划（以下简称"本员工持股 计划"）相关事宜出具本法律意见。 为出具本法律意见书，本所律师特作如下声明： 国浩律师（深圳）事务所 关于广东粤海饲料集团股份有限公司 ...