Core Viewpoint - The company reported significant growth in pig sales and revenue for May 2025, indicating a strong performance in the livestock sector despite a slight decline in average selling price [1] Sales Performance - In May 2025, the company sold 638,600 pigs, representing a month-on-month increase of 4.72% and a year-on-year increase of 158.02% [1] - The sales revenue for May 2025 was 731 million yuan, showing a month-on-month decrease of 0.98% but a year-on-year increase of 146.60% [1] Pricing and Weight Metrics - The average selling price of commercial pigs was 14.4 yuan per kilogram, which is a decrease of 0.29% compared to the previous month [1] - The average weight of pigs sold was 134.87 kilograms per head, reflecting a month-on-month increase of 1.57% [1] Cumulative Sales Data - From January to May 2025, the company sold a total of 2.8961 million pigs, which is a year-on-year increase of 114.26% [1] - The cumulative sales revenue for the same period reached 3.302 billion yuan, marking a year-on-year increase of 132.78% [1]

证券代码：002157 证券简称：正邦科技 公告编号：2025—035 江西正邦科技股份有限公司 关于2025年5月份生猪销售情况简报 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江西正邦科技股份有限公司（以下简称"公司"）的经营范围中包括生猪养殖 业务，现公司就每月生猪销售情况进行披露，具体内容如下： 一、2025年5月份生猪销售情况 公司2025年5月销售生猪63.86万头（其中仔猪36.91万头，商品猪26.95万头）， 环比上升4.72%，同比上升158.02%；销售收入7.31亿元，环比下降0.98%，同比上 升146.60%。 商品猪（扣除仔猪后）销售均价14.40元/公斤，较上月下降0.29%；均重134.87 公斤/头，较上月上升1.57%。 2025年1-5月，公司累计销售生猪289.61万头，同比上升114.26%；累计销售 收入33.02亿元，同比上升132.78%。 上述数据均未经审计，与定期报告披露的数据之间可能存在差异。因此，上 述数据仅作为阶段性数据，供投资者参考。 | 月份 | | 生猪销量（万头） | | 销售收入（亿元） ...

证券代码：002157 证券简称：正邦科技 公告编号：2025—036 江西正邦科技股份有限公司 关于对外担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、担保情况概述 （一）江西正邦科技股份有限公司（以下简称"公司"或"正邦科技"）公 司于 2024 年 12 月 11 日召开第八届董事会第四次临时会议，以 5 票同意、0 票 反对、0 票弃权，审议通过了《关于 2025 年度为子公司提供担保额度预计的议 案》《关于 2025 年度对外担保额度预计的议案》，内容包括： 1、为保证公司及控股子公司日常生产经营持续、稳健发展，同意公司为合 并报表范围内子公司提供担保，新增担保额度总计不超过 21 亿元（该预计担保 额度可循环使用）；其中本公司或控股子公司为资产负债率 70%以上的控股子公 司担保的额度为 11 亿元；为资产负债率 70%以下的控股子公司担保的额度为 10 亿元。在全年预计担保总额范围内，各下属控股子公司的担保额度可以在同类担 保对象间调剂使用。以上担保范围包括但不限于公司及下属子公司向银行、类金 融机构及财务公司等机构申请综合授 ...

Core Insights - The pork concept sector has seen a rise of 2.39%, leading among concept sectors, with 28 stocks increasing in value, including major gains from companies like Juxing Agriculture and Xiangjia Co., which hit the daily limit [1][2] Group 1: Stock Performance - Juxing Agriculture, Xiangjia Co., and Dayu Biology are among the top gainers, with respective increases of 10.02%, 10.01%, and 7.49% [3][4] - The top decliners include Kemin Foods, Delisi, and Tianyu Biology, with decreases of 0.50%, 0.44%, and 0.14% respectively [1][4] Group 2: Capital Flow - The pork concept sector attracted a net inflow of 609 million yuan, with 21 stocks receiving net inflows, and 5 stocks exceeding 30 million yuan in net inflow [2][3] - Juxing Agriculture led the net inflow with 240 million yuan, followed by Muyuan Foods and Xiangjia Co. with 143 million yuan and 77.97 million yuan respectively [2][3] Group 3: Capital Inflow Ratios - Juxing Agriculture, Xiangjia Co., and Zhengbang Technology have the highest net inflow ratios at 21.93%, 15.94%, and 12.93% respectively [3][4] - The overall performance of the pork concept stocks indicates strong investor interest and capital movement within the sector [2][3]

江西正邦科技股份有限公司 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，江西正邦科技股份有限公司（以下 简称"公司"）将参加由江西省上市公司协会举办的"2025 年江西辖区上市公司 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：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 21 日（周三）15:30-17:00。届时公司高 管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况和可持续发展 等投资者关心的问题，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。 证券代码：002157 证券简称：正邦科技 公告编号：2025—034 江西正邦科技股份有限公司 关于参加江西辖区上市公司 2025 年投资者 董事会 二〇二五年五月十七日 1 ...

证券代码：002157 证券简称：正邦科技 公告编号：2025—033 江西正邦科技股份有限公司 2024年年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、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、本次股东大会未出现否决议案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召集人：江西正邦科技股份有限公司（以下简称"公司"）董事会； 2、会议方式：本次股东大会采取现场投票与网络投票相结合的方式。公司 通过深圳证券交易所交易系统和互联网投票系统（http://wltp.cninfo.com.cn）向 全体股东提供网络形式的投票平台，公司股东可以在网络投票时间内通过上述 系统行使表决权，但同一股份只能选择现场投票、网络投票或符合规定的其他 投票方式中的一种表决方式，如果同一表决权出现重复投票的以第一次有效投 票结果为准； 3、现场会议召开时间为：2025 年 5 月 16 日（星期五）下午 14:30； 4、现场会议召开地点为：公司会议室； 5、网络投票时间为： （1）通过深圳证券交易所交易系统进行网络投票的具体时间为：20 ...

江西华邦律师事务所 关于江西正邦科技股份有限公司 2024 年年度股东大会的法律意见书 致：江西正邦科技股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）及《上市公司股东会规则》（以下简称 "《规则》"）及《江西正邦科技股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，受江西正邦科技股份有限公司（以下简称"公司"）委托，江西华 邦律师事务所（以下简称"本所"）指派雷萌律师、刘洁律师（以下简称"本所 律师"）出席公司 2024 年年度股东大会（以下简称"本次股东大会"或"本次 会议"），并为本次股东大会出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的召开本次股东大会的有关 文件和资料，同时听取了公司就有关事实的陈述和说明。 本所律师根据《规则》的有关规定，对公司本次股东大会的召集及召开等事 项发表如下意见： 一、本次股东大会的召集、召开程序 本次股东大会是由公司董事会根据 2025 年 4 月 23 日召开的第八届董事会第 四次会议决议召集，公司于 2025 年 4 月 25 日在深圳证券交易所网站等指定信息 披露 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Viewpoints - In April 2025, the national average selling price of live pigs was 14.80 yuan/kg, with a month-on-month increase of 1.33% and a year-on-year decrease of 1.95% [6][18] - The supply gap in May is expected to lead to a further increase in the price center of live pigs, driven by limited increases in supply and improving demand [6][18] - The average weight of pigs sold is expected to gradually decline, but the narrowing price difference between different grades of pigs will have limited pressure on prices [7][22] Summary by Sections Industry Overview - April saw a non-seasonal increase in pig prices, with expectations for further price increases in May due to supply constraints and improving demand [6][18] - The average price of live pigs in April was 14.80 yuan/kg, with a month-on-month increase of 1.33% [6][18] - The slaughter volume in April was 4.213 million heads, a month-on-month decrease of 4.54% but a year-on-year increase of 6.76% [6][18] Supply and Demand Dynamics - The supply of pigs is expected to be limited in May due to previous culling and disease impacts, while demand for pork is showing marginal improvement [6][18] - The planned output for May is expected to increase by 1.98% compared to actual output in April [6][18] Profitability and Market Performance - The average profit for self-bred pigs in April was 69.44 yuan/head, a month-on-month increase of 63.63% [8][26] - The number of breeding sows in April increased by 0.96% month-on-month [8][26] - The price of 15kg piglets reached 630 yuan/head, indicating a high price level during the replenishment season [8][26] Company Performance - In April, 12 listed pig farming companies collectively sold 16.2368 million pigs, a year-on-year increase of 37.22% [9][28] - Major companies such as Muyuan Foods and Wens Foodstuffs reported significant year-on-year increases in sales volume [9][28] - The average selling prices varied among companies, with some experiencing increases while others saw declines [9][35]

Core Viewpoint - The recent guidance from the National Financial Supervision Administration emphasizes the need for financial asset management companies to engage in orderly rescue operations for troubled enterprises, utilizing various financial tools to support the real economy and mitigate risks [1] Group 1: Financial Asset Management Companies - Financial asset management companies are encouraged to utilize multi-layered rescue tools such as bridge financing, co-benefit debt investment, mezzanine investment, and temporary equity holding to effectively address the challenges faced by troubled enterprises [1] - China Cinda is committed to implementing the central government's decisions and regulatory requirements, focusing on its primary responsibilities and actively participating in corporate restructuring and orderly rescue operations [1][4] Group 2: Corporate Restructuring and Support - China Cinda has developed a unique approach to corporate rescue, focusing on bankruptcy restructuring as a key method for value restoration and new beginnings for troubled enterprises [1][2] - The company has engaged in various projects across critical sectors, investing over 18 billion yuan to help companies like Beida Jade Bird, Xining Special Steel, and others regain operational capabilities [2][3] Group 3: Case Studies - In the case of Fangyuan Nonferrous, which faced over 30 billion yuan in liabilities, China Cinda's intervention led to a net profit of 550 million yuan in 2023 and stabilized employment for over 2,000 workers [3] - For Xining Special Steel, China Cinda's innovative restructuring model, which included a 1.3 billion yuan investment, resulted in a 58.54% increase in steel production and 2.7 billion yuan in revenue in the first half of 2024 [3]

Financial Performance - In Q1 2025, the company achieved a revenue of 3.002 billion CNY, a significant increase of 108.22% compared to the same period last year [3] - Gross profit reached 491 million CNY, up 138.79% year-on-year [3] - The net profit attributable to shareholders was 171 million CNY, marking a 449.58% increase from the previous year [3] - The asset-liability ratio at the end of Q1 2025 was 44.91%, a decrease of 1.51 percentage points from the beginning of the year [3] - Total assets amounted to 19.410 billion CNY, a growth of 2.16% from the end of the previous year [3] Cost Management - The production cost for fattening operations in March 2025 was 13.3 CNY/kg [4] - The company aims to align its costs with top industry standards through various internal management strategies [4][8] - The company plans to enhance operational efficiency and reduce costs by optimizing breeding performance and improving resource allocation [4][8] Future Projections - The company expects to maintain a target of over 7 million pigs for 2025 [4] - The company is focused on high-quality development and cost reduction as core strategies [8] - The IoT coverage rate is currently at 77%, with plans for further expansion [8] Market Position and Strategy - The "company + farmer" model accounts for 85% of the fattened pig output in 2024 [6] - The company is actively managing its market presence and investor relations to enhance its market value [7] - The company is committed to digital transformation and smart farming initiatives to improve efficiency and reduce production costs [8] Shareholder Information - As of April 18, 2025, the number of shareholders stood at 165,300 [9]