Group 1 - The resignation of non-independent director Cai Xuming is due to the adjustment of the company's governance structure, and he will continue to serve as a consultant for the board office [2][3] - The resignation will not reduce the number of board members below the legal minimum, but it will result in the audit committee having fewer than three members [2] - The company has elected Zheng Chaoqun as the employee representative director, who meets the qualifications required by relevant laws and regulations [3][4] Group 2 - The company held its ninth meeting of the fourth board of directors on November 13, 2025, where the election of the audit committee member was approved [9][12] - Zheng Chaoqun was elected as a member of the audit committee, joining Zhang Cheng and Li Xueyao, with the term starting from the approval date of the board meeting [4][12] - The meeting was attended by all six directors, and the resolutions passed were deemed legal and effective [11][12] Group 3 - The company received notification from its controlling shareholder, Zhanjiang Shrimp Feed Co., Ltd., regarding the pledge of part of its shares [16][17] - The pledged shares do not involve significant asset restructuring or performance compensation obligations [17] - There are no risks of forced transfer or freezing of shares, and the pledge risk is considered controllable [18][19]

Core Viewpoint - The announcement from Yuehai Feed indicates that the controlling shareholder, Zhanjiang Shrimp Feed Co., Ltd., has pledged a portion of its shares to supplement liquidity [2] Group 1: Share Pledge Details - The pledged amount is 4,660,000 shares, which represents 1.76% of the shares held by the controlling shareholder and 0.67% of the total share capital of the company [2] - The pledge is made to Industrial Bank Co., Ltd., Zhanjiang Branch, with the purpose of supplementing working capital [2]

证券日报网讯 11月13日晚间，粤海饲料（001313）发布公告称，公司于近日召开了职工代表大会，选 举郑超群先生为公司第四届董事会职工代表董事。 ...

证券代码：001313 证券简称：粤海饲料 公告编号：2025-099 广东粤海饲料集团股份有限公司 关于非独立董事辞任暨选举职工代表董事、补选董事会 公司董事会对蔡许明先生任职期间对公司所做出的贡献表示衷心的感谢！ 二、职工代表董事选举情况 根据《中华人民共和国公司法》《上市公司章程指引》等法律法规、规范性 文件以及修订后的《公司章程》的相关规定，公司不再设置监事会，同时董事会 设职工代表董事 1 名，职工代表董事由职工代表大会民主选举产生。 公司于近日召开了职工代表大会，选举郑超群先生（简历详见附件）为公司 第四届董事会职工代表董事，任期自公司董事会审议通过补选审计委员会委员议 案之日起，至第四届董事会任期届满时止。 审计委员会委员的公告 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、董事辞职情况 广东粤海饲料集团股份有限公司（以下简称"公司"）董事会于近日收到非独 立董事蔡许明先生的书面辞职报告，因公司治理结构调整，蔡许明先生申请辞去 公司非独立董事、董事会审计委员会委员职务。蔡许明先生辞去上述职务后，将 继续在公司担任董事会办公室顾问，继续为公司 ...

证券代码：001313 证券简称：粤海饲料 公告编号：2025-098 广东粤海饲料集团股份有限公司 第四届董事会第九次会议决议公告 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、董事会会议召开情况 （一）会议通知的时间及方式：广东粤海饲料集团股份有限公司（以下简称 "公司"）于2025年11月10日以邮件方式发出本次会议通知。 （四）本次会议由董事长郑石轩先生主持，公司部分高级管理人员列席会议。 （五）本次会议的召开符合法律法规及《公司章程》的规定，会议决议合法、 有效。 二、董事会会议审议情况 （一）审议《关于补选董事会审计委员会委员的议案》 （二）会议召开的时间、地点及方式：2025年11月13日，在公司二楼会议室， 以现场结合通讯表决的方式召开公司第四届董事会第九次会议。 （三）本次会议通知会议应到董事6名，实到董事6名，其中独立董事张程女 士、李学尧先生及胡超群先生以通讯表决的方式参会。 表决票数：同意6票、反对0票、弃权0票。 表决结果：本议案审议通过。 具体内容详见公司同日刊登于《证券时报》《证券日报》《中国证券报》 《上海证券报》《经济参 ...

（记者 王晓波） 截至发稿，粤海饲料市值为58亿元。 每经头条（nbdtoutiao）——"银行直供房，不计成本卖！"有的半价出售，众多刚需还不知道！银行用 过的房很抢手，有人加价100万元抢拍 每经AI快讯，粤海饲料（SZ 001313，收盘价：8.24元）11月13日晚间发布公告称，广东粤海饲料集团 股份有限公司（以下简称"公司"）近日接到控股股东湛江市对虾饲料有限公司（以下简称"对虾公司"） 通知，获悉其所持有公司部分股份分别办理了质押的手续，本次质押股份数量为466万股。截至本公告 日，对虾公司累计质押股数为9116万股，合计占其所持股份比例为34.45%。 2025年1至6月份，粤海饲料的营业收入构成为：饲料行业占比100.0%。 ...

证券代码：001313 证券简称：粤海饲料 公告编号：2025-097 广东粤海饲料集团股份有限公司 关于控股股东部分股份质押的公告 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、股东股份质押基本情况 广东粤海饲料集团股份有限公司（以下简称"公司"）近日接到控股股东湛 江市对虾饲料有限公司（以下简称"对虾公司"）通知，获悉其所持有公司部分 股份分别办理了质押的手续，具体事项如下： （一）股东股份质押的基本情况 注：本次质押股份不存在涉及负担重大资产重组等业绩补偿义务的情形。 （二）股东股份累计质押基本情况 截至本公告披露日，上述股东及其一致行动人所持质押股份情况如下： | | | | | | | 已质押股份情况 | | 未质押股份情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 持股数量（股） | 持股比 例 | 本次质押后 质押股份数 量（股） | 合计占其 所持股份 比例 | 合计占公 司总股本 比例 | 已质押股份 限售和冻结、 | 占已质 押 ...

Group 1: Cement Industry - The cement production in China for Q1-Q3 2025 decreased by 5% year-on-year, with a narrowing decline, and the annual production is expected to be around 1.73 billion tons, which is a 30% drop from the peak in 2014 [15][32] - The SW cement manufacturing industry revenue for Q1-Q3 2025 was 252.1 billion yuan, a year-on-year decrease of 9%, with a sales net profit margin of 3.3%, an increase of 1.0 percentage points compared to the full year of 2024 [32][33] - The future support for domestic cement prices mainly depends on the optimization process on the supply side, with a focus on completing the target of limiting overproduction by the end of the year [35][45] Group 2: Glass Industry - The flat glass production in China for Q1-Q3 2025 was 730 million weight cases, a year-on-year decrease of 5%, with prices continuing to decline [57] - The SW glass manufacturing industry achieved a total revenue of 34.4 billion yuan in Q1-Q3 2025, a year-on-year decrease of 11%, with a sales net profit margin of 0.6% [74] - The overall profitability of the glass manufacturing industry is under pressure, with major companies like Xinyi Glass and Qibin Group experiencing significant declines in net profit margins [74][78] Group 3: Fiberglass Industry - The fiberglass manufacturing industry saw a significant recovery in profitability in Q1-Q3 2025, with revenue reaching 49.2 billion yuan, a year-on-year increase of 24%, and a sales net profit margin of 10.8%, up 4.3 percentage points from 2024 [83][84] - The demand for high-performance electronic fabrics is expected to continue growing due to advancements in AI and high-frequency communication technologies [84][89] - Companies like Zhongcai Technology and Honghe Technology are recommended for their focus on high-end products and significant growth in revenue and profit margins [89][94] Group 4: Consumer Building Materials - The transaction volume of commercial housing and second-hand housing prices in China continued to decline, but the rate of decline has narrowed [2] - The sales of waterproof materials and coatings have shown significant improvement compared to 2024, with companies like Sankeshu and Hanhai Group recommended for investment [2][4]

Market Overview - The feed sector experienced a decline of 0.91% on November 12, with Bangji Technology leading the drop [1] - The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1] Individual Stock Performance - Jin Xin Nong (002548) saw a closing price of 5.69, with an increase of 3.27% and a trading volume of 486,900 shares, totaling a transaction value of 273 million yuan [1] - Bangji Technology (603151) closed at 19.91, down 7.18%, with a trading volume of 99,600 shares and a transaction value of 200 million yuan [2] - Aonong Biological (603363) closed at 5.44, down 6.21%, with a trading volume of 1,185,900 shares and a transaction value of 661 million yuan [2] Capital Flow Analysis - The feed sector experienced a net outflow of 204 million yuan from main funds, while retail investors saw a net inflow of 201 million yuan [2] - The main funds showed a negative net flow for several stocks, including Jin Xin Nong with a net outflow of 40.4 million yuan [3] - Retail investors contributed positively to stocks like Petty Co. (300673), which had a net inflow of 24.3 million yuan from retail investors despite a main fund outflow of 8.1 million yuan [3]

Core Insights - The company has over 30 years of experience in the research and sales of special aquatic feed, establishing itself as a leading player in the sector, with special aquatic feed accounting for approximately 70% of its total feed sales [1] Group 1: Company Performance - The company has developed a "three highs and three lows" technical strategy focusing on high quality, high health, and high growth, while maintaining low protein, low loss, and low feed conversion ratio, which has led to significant improvements in product and technology [1] - Despite a downturn in the aquaculture industry over the past two years, the company has achieved counter-cyclical growth in sales and revenue in the first three quarters [1] - The company places a strong emphasis on managing accounts receivable, which led to losses in 2024 due to credit losses, but a significant decrease in credit impairment provisions in the first three quarters of 2025 allowed the company to return to profitability [1] Group 2: Expansion and Strategic Partnerships - In October of this year, the company launched new factories in Anhui and Vietnam, with the Vietnam facility successfully securing strategic cooperation intentions for 80,600 tons from clients in Vietnam, India, and Cambodia [1] - The company has received an initial coverage rating of "Buy" [1]