山东登海种业股份有限公司 山东登海种业股份有限公司 2024 年年度权益分派实施公告 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"本公司"或"公 司"），2024 年年度权益分派方案已获 2025 年 5 月 13 日召开的 2024 年年度股东会审议通过，现将权益分派事宜公告如下： 一、股东会审议通过权益分派方案情况 1、公司 2024 年年度权益分派方案已经 2025 年 5 月 13 日召开的 2024 年度股东会审议通过，股东会决议公告已于 2025 年 5 月 14 日 刊 登 在 《 中 国 证 券 报 》《 证 券 时 报 》 和 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上。 2、本次权益分派方案自披露至实施期间,公司总股本未发生变 化。若公司总股本在权益分派实施前发生变化，公司将按照分配总 额固定的原则对分配比例进行调整。 3、本次实施的权益分派方案与股东会审议通过的权益分派方案 一致。 4、本次实施权益分派方案距离股东会审议通过的时间未超过两 个月。 5、公司目前尚未开立 ...

山东登海种业股份有限公司 山东登海种业股份有限公司董事会 战略委员会工作实施细则 第一章 总则 第六条 战略委员会委员任职期限与其董事任职期限相同，连选 可以连任。如有委员因辞职或其他原因不再担任公司董事职务，其 委员资格自其不再担任董事之时自动丧失。董事会应根据《公司章 程》及本规则增补新的委员。 第七条 战略委员会下设工作组，其成员无需是战略委员会成 员。董事会秘书负责战略委员会和董事会之间的具体协调工作。 第三章 职责权限 第八条 战略委员会的主要职责权限： 第一条 为适应公司战略发展需要，增强公司核心竞争力，确定 公司发展规划，健全投资决策程序，加强决策科学性，提高重大投 资决策的效益和决策的质量，完善公司治理结构，根据《中华人民 共和国公司法》《上市公司治理准则》《公司章程》及其他有关规 定，公司特设立董事会战略委员会，并制定本工作细则。 第二条 董事会战略委员会是董事会设立的专门工作机构，主要 负责对公司长期发展战略和重大投资决策进行研究并向公司董事会 提出建议。 第二章 机构及人员组成 第三条 战略委员会成员由七名董事组成，其中至少包括一名独 立董事。 第四条 战略委员会委员由董事长、二分之一以 ...

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：2025-020 山东登海种业股份有限公司 第九届董事会第一次（临时）会议决议公告 会议选举唐世伟女士担任公司第九届董事会董事长，吴晓燕女士 担任公司第九届董事会副董事长，任期自本次董事会审议通过之日起 至本届董事会任期届满之日止。简历见本公告附件。 二、审议通过了《关于聘请公司名誉董事长的议案》，赞成票 9 票，反对票 0 票，弃权票 0 票。 公司第九届董事会聘请李登海先生为公司名誉董事长，任期自 本次董事会审议通过之日起至本届董事会任期届满之日止。 三、审议通过了《关于修改<董事会战略委员会工作实施细则> 的议案》，赞成票 9 票，反对票 0 票，弃权票 0 票。 详 见 202 5 年 5 月 2 0 日 刊 登 于 巨 潮 资 讯 网 （http://www.cninfo.com.cn）的《董事会战略委员会工作实施细则》。 四、审议通过了《关于选举公司第九届董事会专门委员会成员 1 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，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" ...

Investment Rating - The industry investment rating is "Positive" [4] Core Viewpoints - The USDA supply and demand report indicates that new crop inventories for soybeans and corn are lower than expected, which is favorable for prices [4][6] - Global corn production for the 2024/25 season is estimated at 1.221 billion tons, with significant increases in production from the U.S., Brazil, and Argentina [1][12] - The soybean production forecast for the 2025/26 season is 410 million tons, with Brazil expected to reach a record 175 million tons [2][3][18] - The global wheat production forecast for 2025/26 is 667 million tons, reflecting a 1.0% year-on-year increase, with the EU showing significant growth [4][28] Summary by Sections Corn - The USDA report estimates a global corn production of 1.221 billion tons for 2024/25, with U.S. production increasing by 24.22 million tons due to expanded planting [1][12] - The projected global corn ending stocks for 2025/26 are 95.68 million tons, a 7.4% increase year-on-year, with a low stocks-to-use ratio of 10% [1][12] Soybeans - The global soybean production for 2024/25 is estimated at 421 million tons, with U.S. ending stocks significantly reduced to 295 million bushels [2][3][18] - The forecast for global soybean ending stocks for 2025/26 is 80.47 million tons, a 1.6% increase year-on-year, with a stocks-to-use ratio of 27.6% [3][19] Wheat - The global wheat production for 2025/26 is projected at 667 million tons, with the EU's production expected to increase by 11.4% to 136 million tons [4][28] - The global wheat ending stocks for 2025/26 are estimated at 14.2 million tons, reflecting a 2.5% year-on-year increase, with a stocks-to-use ratio of 21.6% [5][28] Investment Recommendations - In light of increasing global weather extremes and geopolitical tensions affecting grain prices, the report emphasizes the importance of seed source control for national food security [6][36] - Recommended companies include leading seed firms with transgenic advantages such as Longping High-Tech, Dabeinong, and Qianyuan High-Tech, along with suggestions to monitor Kangnong Seed Industry, Denghai Seed Industry, and Fengle Seed Industry [6][36]

Investment Rating - The investment rating for the company is "Buy" [18] Core Views - The company is experiencing a decline in revenue and profit due to low grain prices, with expectations for revenue and profit to decrease in 2025 [2][10] - The company is actively developing high-yield new varieties and increasing investment in research and development [12] - The company is projected to benefit from the commercialization of genetically modified corn, suggesting a potential for future growth despite current challenges [13] Summary by Sections Financial Performance - In 2024, the company achieved revenue of 1.246 billion yuan, a decrease of 19.74% year-on-year, with a net profit attributable to shareholders of 57 million yuan, down 77.86% year-on-year [10][14] - For Q1 2025, the company reported revenue of 163 million yuan, a year-on-year decrease of 30.04%, and a net profit of 25 million yuan, down 18.37% year-on-year [10] Business Segments - The corn business generated revenue of 1.073 billion yuan in 2024, a decrease of 20.78% year-on-year, with a gross margin of 29.50%, an increase of 0.33 percentage points [4][11] - The wheat business revenue was 108 million yuan, down 3.38% year-on-year, while the rice business revenue was 32 million yuan, down 30.61% year-on-year, and the vegetable seed business revenue was 13 million yuan, down 7.23% year-on-year [4][11] Research and Development - The company has successfully passed the approval for 20 new corn varieties and is increasing its R&D investment, with R&D expenses reaching 83 million yuan in 2024, up 24.79% year-on-year [12] - In Q1 2025, R&D expenses were 14 million yuan, an increase of 9.65% year-on-year [12] Future Projections - Revenue projections for 2025-2027 are 1.290 billion yuan, 1.418 billion yuan, and 1.673 billion yuan, with year-on-year growth rates of 3.60%, 9.85%, and 18.02% respectively [13][14] - Net profit projections for the same period are 177 million yuan, 187 million yuan, and 206 million yuan, with growth rates of 212.13%, 5.75%, and 10.06% respectively [13][14]

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：2025-019 山东登海种业股份有限公司 2024 年度股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会以现场投票与网络投票相结合的方式召开。 （1）现场会议召开时间：2025 年 5 月 13 日（星期二）下午 14： 00 起。 （2）网络投票时间：2025 年 5 月 13 日，其中，通过深圳证券交 易所交易系统进行网络投票时间为 2025 年 5 月 13 日上午 9：15- 9:25,9:30-11:30,下午 13:00-15:00；通过深圳证券交易所互联网系 统进行投票的时间为 2025 年 5 月 13 日上午 9：15 至 2025 年 5 月 13 日下午 15:00 期间的任意时间。 2、会议召开地点：山东省莱州市城港路山东登海种业股份有限公 司培训中心三楼会议室 3、会议召开方式：现场投票与网络投票相结合的方式 4、会议召集人：公司董事会 2、公司于 2025 年 4 月 23 日在《证券时报》《中国证券报》和 巨 ...

北京德恒（济南）律师事务所 关于山东登海种业股份有限公司 2024 年度股东会的 法律意见 山东省济南市历下区舜泰北路 567 号银丰科技广场 2 号楼 电话：0531-81663606 邮编：250 000 北京德恒（济南）律师事务所 关于山东登海种业股份有限公司 2024 年度股东会的法律意见 北京德恒（济南）律师事务所 关于 山东登海种业股份有限公司 2024 年度股东会的 法律意见 德恒20250513001号 致：山东登海种业股份有限公司 北京德恒（济南）律师事务所（以下简称"本所"）作为山东登海种业股份 有限公司（以下简称"公司"）的常年法律顾问，受公司委托，指派胡琦秀律师、 董慧利律师（以下简称"本所律师"）出席公司2024年度股东会（以下简称"本 次股东会"），根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《上市公司股东会规则》（以下简称"《股东会规则》"）等现行有效的法律、 法规、规范性文件以及《山东登海种业股份有限公司章程》（以下简称"《公司 章程》"）、《山东登海种业股份有限公司股东会议事规则》（以下简称"《股 东会议事规则》"）的规定，对本次股东会进行见证，并出具法律意见。 ...

Investment Rating - The report initiates coverage of the agriculture sector with an "Overweight" rating, indicating a favorable outlook for the industry due to stable demand and strong policy support [3][5]. Core Views - The agriculture sector is seen as a defensive investment option amidst a complex external environment, with many meat protein and agricultural product prices currently in a recovery phase, suggesting potential for stable growth in leading companies [3]. - The report highlights that low costs are a core competitive advantage for listed pig farming companies, recommending a focus on firms with strong cost control or clear cost reduction paths [3]. - The report suggests monitoring specific companies across various segments, including pig farming, poultry, feed, and agricultural products, indicating a diversified investment approach [3]. Summary by Sections Market Review - The agriculture sector underperformed the market by 1.02 percentage points during the week of May 6-9, 2025, with the index closing at 2,619.30, reflecting a 0.99% increase [14]. - Among sub-sectors, the fishery sector performed best with a 3.87% increase, while the breeding sector saw a slight decline of 0.19% [16][18]. Key Industry Data Pig Farming - As of May 9, 2025, the average price of live pigs was 14.82 CNY/kg, down 0.13% from April 30, 2025, and down 0.74% year-on-year [1]. - The profit from self-breeding was 84.33 CNY per head, while the profit from purchasing piglets increased by 9.92 CNY to 58.46 CNY per head [1]. Poultry - As of May 9, 2025, the average price of broiler chicks was 2.91 CNY per chick, up 0.34% week-on-week, while the price of white feather broilers was 7.45 CNY/kg, down 0.40% [2]. Agricultural Products - As of May 9, 2025, the average prices for key crops were as follows: wheat at 2,460.67 CNY/ton (up 0.19%), japonica rice at 2,864.00 CNY/ton (up 0.21%), corn at 2,292.86 CNY/ton (up 1.78%), and soybean meal at 3,300.00 CNY/ton (down 5.08%) [2]. Company Announcements - Muyuan Foods reported selling 6.573 million pigs in April 2025, a year-on-year increase of 51.80%, with an average selling price of 14.66 CNY/kg [35][36]. - Shennong Development achieved a sales revenue of 1.533 billion CNY in April 2025, a year-on-year increase of 0.68% [37].

Investment Rating - The industry rating is "Recommended" [3] Core Insights - The report highlights the significant role of agricultural technology innovation in modernizing agriculture, emphasizing the importance of enhancing the innovation ecosystem and supporting agricultural self-sufficiency [11] - In the pig farming sector, the average price of pigs is currently fluctuating around 14.5-15 CNY/kg, with a slight decrease observed this week [12] - The report suggests that the commercialization of genetically modified crops will accelerate, which is expected to improve self-sufficiency in key varieties [11] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and other departments have issued an implementation opinion to enhance the agricultural technology innovation system, focusing on eight key tasks [11] - Companies like Beidahuang and Su-Kun Agricultural Development are expected to benefit from these initiatives [11] Pig Farming - The average price of external three yuan pigs is 14.80 CNY/kg, with a week-on-week change of -0.05% [12] - The number of breeding sows is 40.39 million, showing a slight decrease of 0.66% [12] - The report recommends focusing on companies with significant cost improvements and high future output elasticity, such as Jingji Zhino, Muyuan Foods, and Wens Foodstuff [12] Key Company Recommendations - Recommended companies in the planting sector include Longping High-Tech, Denghai Seeds, and Qianyuan High-Tech [11] - In the pig farming sector, companies like Muyuan Foods, Wens Foodstuff, and Haida Group are highlighted for their potential benefits [12] - The report also mentions companies in the animal health sector, such as Jinhai Biological and Zhongmu Co., which are expected to gain from market trends [12]

证券代码：002041 证券简称：登海种业 公告编号：2025-018 山东登海种业股份有限公司 关于参加 2025 年山东辖区上市公司投资者 网上集体接待日活动的公告 山东登海种业股份有限公司 为进一步加强与投资者的互动交流，山东登海种业股份有限公司 （以下简称"公司"）将参加由山东证监局、山东上市公司协会与深 圳市全景网络有限公司联合举办的"2025 年山东辖区上市公司投资 者网上集体接待日活动"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（http://rs.p5w.net）；或关注微信公众号（名称：全景财经）； 或下载全景路演 APP,参与本次互动交流。活动时间为 2025 年 5 月 15 日（周四）15:00-16:30。届时公司高管将在线就公司 2024 年年报、 2025 年第一季度报告及其他投资者关心的问题，与投资者进行沟通 与交流，欢迎广大投资者踊跃参与！ 特此公告。 山东登海种业股份有限公司董事会 2025 年 5 月 13 日 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。 ...