Core Viewpoint - The company plans to invest CNY 30 million to establish a wholly-owned subsidiary in Dongfang City, Hainan Province, focusing on non-main crop seed production, agricultural scientific research, and smart agricultural management, in response to national seed industry revitalization strategies [1] Group 1: Investment Details - The new subsidiary has completed its business registration and will engage in seed production, agricultural research, and development [1] - The investment aims to leverage the policy advantages and natural endowments of Hainan Free Trade Port to enhance the company's breeding and R&D capabilities [1] - This investment represents 0.83% of the company's net assets and will not significantly impact its financial status or operating results [1] Group 2: Strategic Implications - The initiative is part of the company's strategy to expand its regional business layout and improve the seed industry supply chain [1] - The investment has been approved by the company's board of directors and does not require shareholder approval, nor does it involve related party transactions or constitute a major asset restructuring [1]

Group 1 - The core point of the article is that Denghai Seed Industry announced a temporary board meeting to discuss the establishment of a wholly-owned subsidiary in Dongfang City, Hainan Province [1] - For the first half of 2025, the company's revenue composition is 100% from agriculture [1] - As of the report date, Denghai Seed Industry has a market capitalization of 8.5 billion yuan [1]

Core Viewpoint - The company plans to invest in establishing a wholly-owned subsidiary in Hainan Province, which will enhance its breeding research and development capabilities and expand its regional business layout [1] Group 1 - The company will allocate 30 million yuan as capital for the investment in the new subsidiary [1] - This investment aims to improve the company's seed industry chain and create a new development pattern [1]

Core Viewpoint - The company plans to invest in establishing a wholly-owned subsidiary in Hainan Province, which will enhance its breeding research and development capabilities and expand its regional business layout [1] Group 1 - The company will allocate 30 million yuan as capital for the investment [1] - The establishment of the subsidiary aims to improve the company's seed industry chain and create a new development pattern [1]

人民财讯11月21日电，登海种业（002041）11月21日公告，公司拟在海南省东方市投资设立全资子公 司"海南东方登海种业有限公司"，全面提升公司育种研发创新能力，进一步拓展区域业务布局、完善种 业产业链条。此次对外投资由公司划拨3000万元的货币资金作为出资，占注册资本的100%。 ...

山东登海种业股份有限公司 证券代码：002041 证券简称：登海种业 公告编号：2025-027 山东登海种业股份有限公司 关于在海南省东方市投资设立全资子公司的公告 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、对外投资概述 （一）山东登海种业股份有限公司（以下简称"公司"或"本公 司"）在海南省东方市投资设立全资子公司"海南东方登海种业有限 公司"（暂定名）。 （二）本公司于2025年11月21日召开第九届董事会第四次（临时） 会议，审议通过了《关于在海南省东方市投资设立全资子公司的议案》。 根据相关法律法规及《公司章程》的规定，本次对外投资的投资额在 公司董事会决策权限内，无需提交股东会审议批准。董事会授权公司 经营层具体办理本次投资设立子公司的相关事宜，包括但不限于签署 协议、公司章程、办理注册登记等。 （三）本次设立子公司的事项不涉及关联交易，也不构成《上市 公司重大资产重组管理办法》规定的重大资产重组。 二、本次成立全资子公司的概况 (一）公司名称：海南东方登海种业有限公司(最终名称以登记机 关核定为准) （二）注册资本: 人民币叁仟万元整 ...

证券代码：002041 证券简称：登海种业 公告编号：2025-026 山东登海种业股份有限公司 审议通过了《关于在海南省东方市投资设立全资子公司的议案》， 赞成票9票，反对票0票，弃权票0票。 详 见 公 司 2025 年 11 月 22 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上披露的《关于在海南省东方市投资 设立全资子公司的公告》。 特此公告。 山东登海种业股份有限公司董事会 2025 年 11 月 22 日 1 山东登海种业股份有限公司 第九届董事会第四次（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。 山东登海种业股份有限公司（以下简称"公司"）第九届董事会 第四次（临时）会议通知于 2025 年 11 月 18 日以电子邮件方式发出， 2025 年 11 月 21 日上午以通讯表决方式召开。会议应参会董事 9 人， 实际参会董事 9 人，公司董事长唐世伟女士主持本次会议。会议召开 的程序符合《公司法》和《公司章程》的规定，会议合法有效。 会议经参会董事审议和表决，通过了如下决议： ...

Group 1 - The A-share planting and forestry sector experienced a short-term surge on November 17, with notable stocks such as Yong'an Forestry and Fujian Jinsen hitting the daily limit up [1] - Pingtan Development previously reached its limit up, while other companies like Dayu Water-saving, Dunhuang Seed Industry, Guotou Fengle, Bowen Technology, and Denghai Seed Industry also saw increases [1]

Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights the ongoing challenges in the pork market, with prices experiencing a downward trend, currently at 11.90 CNY/kg, a decrease of 1.18% week-on-week. The market is characterized by a supply-demand tug-of-war, with large-scale pig farms adopting strategies to control supply and increase prices [2][12] - The report emphasizes the importance of the seed industry revitalization action plan, aiming for high-quality development during the 14th Five-Year Plan period, focusing on technological self-reliance and independent control of seed sources [1][11] - The report suggests that the commercialization of genetically modified crops will accelerate, significantly impacting yield improvements and self-sufficiency rates for key varieties [1][11] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs held a meeting to promote the revitalization of the seed industry, emphasizing the need for high-quality development and technological independence. Key actions include improving seed quality, protecting intellectual property, and enhancing biosecurity measures [1][11] - Recommended companies in the planting sector include Beidahuang and Suqian Agricultural Development, with a focus on leading seed companies like Dabeinong and Longping High-Tech [1][11] Swine Farming - The average price of live pigs is reported at 11.90 CNY/kg, with a notable decrease in losses for self-bred pigs to 114.81 CNY per head and 205.64 CNY for purchased piglets. The industry is still in a loss-making state but is seeing a reduction in losses compared to previous weeks [2][12] - The report anticipates a long-term upward adjustment in domestic pig prices, driven by policy guidance aimed at improving quality and efficiency in the industry [2][12] - Recommended stocks in the swine sector include companies like Muyuan Foods, Wens Foodstuff Group, and DeKang Agriculture [2][12] Key Agricultural Product Data Tracking - Corn: The average price is 2256.27 CNY/ton, up 0.92% week-on-week [25] - Wheat: The average price is 2485.11 CNY/ton, down 0.15% week-on-week [28] - Soybeans: The average price is 4011.58 CNY/ton, up 0.10% week-on-week [40] - Cotton: The average price is 14640.00 CNY/ton, up 0.10% week-on-week [45]

Core Insights - The report maintains a positive investment rating for the agricultural sector, particularly highlighting the resilience and growth potential in the pet food market and the cyclical recovery in the pig farming industry [1] Group 1: Pet Industry Performance - The pet food sales during the 2025 Double Eleven shopping festival reached 9.4 billion yuan, showcasing significant growth in the pet sector [11][12] - Major brands like Mai Fudi and Frigat led sales on platforms such as JD and Tmall, indicating strong competitive advantages [11][12] - The trend towards high-end and refined pet products is evident, with new processing techniques gaining market share [11][12][16] Group 2: Pig Farming Market Dynamics - As of November 14, 2025, the average price of pigs was 11.66 yuan/kg, reflecting a week-on-week decrease of 0.22 yuan/kg and a year-on-year decline of 4.79% [4][15] - The supply side is expected to contract due to overproduction in October and a reduction in breeding stock, while demand may increase due to seasonal consumption patterns [4][15] - The report suggests that the pig farming sector may enter a favorable investment phase as losses accelerate and market conditions stabilize [5][26] Group 3: Market Performance Overview - From November 10 to November 14, the agricultural index outperformed the broader market by 2.87 percentage points, with a 2.70% increase in the agricultural index compared to a 0.18% decline in the Shanghai Composite Index [28][29] - Key stocks such as Yuegui Co. and ST Jiawo saw significant gains, indicating strong performance within the agricultural sector [28][33] Group 4: Feed Industry Insights - The domestic feed market is benefiting from the recovery in livestock numbers and strong overseas demand, with a projected increase in feed production [26] - The report highlights the growth in feed production from 162 million tons in 2010 to 315 million tons in 2024, with a compound annual growth rate (CAGR) of 4.86% [26]