证券代码：002157 证券简称：正邦科技 公告编号：2025-083 江西正邦科技股份有限公司 关于控股股东承诺事项履行进展情况的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、避免同业竞争及经营业绩的承诺 (二) 关于经营业绩的承诺 二、承诺履行情况 （一）关于解决同业竞争的承诺履行情况 双胞胎农业承诺，上市公司重整完成后且双胞胎农业成为上市公司控股股 东后： （1）在本次重整完成后 2 年内，上市公司实现栏位利用率达到 85%以上， 生猪上市率超过 93%； 2 （2）在本次重整完成后 2 年内，实现上市公司母猪场平均 PSY（单头母猪 年产猪苗数量）达到 25 头以上，生猪养殖料肉比低于 2.7，断奶苗综合成本低于 390 元/头，生猪上市综合成本较 2023 年水平下降 1.5 元/斤以上。 2023 年 7 月 20 日，江西省南昌市中级人民法院（以下简称"南昌中院"） 裁定江西正邦科技股份有限公司（以下简称"正邦科技""上市公司"）破产重 整，江西双胞胎农业有限公司（以下简称"双胞胎农业"）作为产业投资人认购 上市公司资本公积金转增的 ...

江西华邦律师事务所 关于江西正邦科技股份有限公司 2025 年第三次临时股东会的法律意见书 致：江西正邦科技股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）及《上市公司股 东会规则》（以下简称"《股东会规则》"）等法律、行政法规、部门规章和规范 性文件（以下简称"法律法规"）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 2025 年第三次临时股东会（以下简 称"本次股东会"或"本次会议"），并为本次股东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。本所律师得到公司如下保 证，即其已提供了本所律师认为作为出具本法律意见书所必需的材料，所提供的 原始材料、副本、复印件等材料、口头证言均符合真实、准确、完整的要求，有 关副本、复印件等材料与原始材料一致。 本所同意将本法律意见书作为本次股东会的公告材料，随同其他会议文件一 并公告 ...

2025年第三次临时股东会决议公告 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。 证券代码：002157 证券简称：正邦科技 公告编号：2025—082 江西正邦科技股份有限公司 特别提示 1、本次股东会未出现否决议案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 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 12 月 26 日（星期五）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：2025 年 ...

Group 1 - The aquaculture sector increased by 0.19% on December 25, with Jingji Zhino leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] - Key stocks in the aquaculture sector showed varied performance, with Jingji Zhino rising by 4.65% to a closing price of 14.86 [1] Group 2 - Major stocks that declined included Luoniushan, which fell by 3.65% to a closing price of 9.78, and Mu Yuan Shares, which decreased by 0.35% to 47.95 [2] - The aquaculture sector experienced a net outflow of 46.32 million yuan from institutional investors, while retail investors saw a net inflow of 206 million yuan [2][3] - The stock with the highest net inflow from retail investors was Wen's Shares, with an inflow of 10.37 million yuan [3]

Group 1 - The core viewpoint of the news is that Zhengbang Technology's stock has seen a significant increase, with a rise of 5.83% to 3.63 CNY per share, and a trading volume of 647 million CNY, reflecting a turnover rate of 2.58% and a total market capitalization of 33.578 billion CNY [1] - Zhengbang Technology, established on September 26, 1996, and listed on August 17, 2007, is primarily engaged in feed production and sales, pig breeding and sales, and veterinary drug production and sales. The revenue composition is as follows: pig farming 59.63%, complete feed 38.31%, veterinary drugs 0.92%, concentrated feed 0.62%, and others 0.51% [1] Group 2 - From the perspective of fund holdings, one fund under ICBC Credit Suisse has a significant position in Zhengbang Technology. The ICBC Agricultural Industry Stock Fund (001195) held 6 million shares in the third quarter, accounting for 4.08% of the fund's net value, making it the eighth largest holding. The estimated floating profit today is approximately 1.2 million CNY [2] - The ICBC Agricultural Industry Stock Fund (001195) was established on May 26, 2015, with a current scale of 439 million CNY. Year-to-date returns are 13.5%, ranking 3245 out of 4197 in its category; the one-year return is 13.63%, ranking 3156 out of 4170; and since inception, the return is 5.9% [2]

Group 1 - The core viewpoint of the news is that Zhengbang Technology's stock has shown a significant increase in price and trading activity, indicating positive market sentiment despite some net outflow of funds [1][2] - As of December 25, Zhengbang Technology's stock price rose by 20.21% year-to-date, with a recent increase of 0.86% over the last five trading days [1] - The company has a market capitalization of 32.468 billion yuan and reported a trading volume of 313 million yuan on December 25 [1] Group 2 - Zhengbang Technology operates primarily in the pig farming sector, with its main business revenue composition being 59.63% from pig farming, 38.31% from complete feed, and 0.92% from veterinary medicine [1][2] - As of November 20, the number of shareholders decreased by 5.45% to 156,200, while the average circulating shares per person increased by 6.76% to 46,233 shares [2] - For the period from January to September 2025, Zhengbang Technology achieved a revenue of 10.658 billion yuan, representing a year-on-year growth of 82.58%, but the net profit attributable to shareholders decreased by 97.25% to 8.2656 million yuan [2] Group 3 - Since its A-share listing, Zhengbang Technology has distributed a total of 2.864 billion yuan in dividends, with no dividends paid in the last three years [3]

Group 1 - The pork concept sector declined by 0.42%, ranking among the top declines in the concept sectors, with companies like Delisi, Royole Mountain, and Haida Group experiencing significant drops [1] - Among the pork concept stocks, 9 companies saw price increases, with Jingji Zhino rising by 4.49%, Jin Xin Nong by 3.39%, and Zhenghong Technology by 0.45% [1] - The pork concept sector experienced a net outflow of 523 million yuan from main funds, with 23 stocks seeing net outflows, and 5 stocks having outflows exceeding 30 million yuan [2] Group 2 - The top net outflow stock was Muyuan Foods, with a net outflow of 204 million yuan, followed by Royole Mountain, Zhengbang Technology, and Haida Group with outflows of 95.06 million yuan, 88.91 million yuan, and 38.47 million yuan respectively [2] - The stocks with the highest net inflow included Jin Xin Nong, Jingji Zhino, and Dabeinong, with net inflows of 21.19 million yuan, 9.19 million yuan, and 6.50 million yuan respectively [2] - The trading volume and price changes of various pork concept stocks were detailed, with Muyuan Foods down by 2.47%, Royole Mountain down by 3.06%, and Haida Group down by 2.63% [3]

证券日报网讯12月22日，正邦科技（002157）在互动平台回答投资者提问时表示，公司将加强与投资者 的沟通和交流，提高服务意识。 ...

Core Viewpoint - The stock price of Zhengbang Technology (002157.SZ) surged over 20% due to market expectations surrounding an asset injection commitment from its controlling shareholder, Twin Group, which was soon followed by a clarification that no undisclosed significant information existed, leading to a price drop [1][9][11] Group 1: Stock Price Movement - Zhengbang Technology's stock price experienced a significant increase from December 11 to 15, with a cumulative rise of over 20% [3][11] - The stock price reached 3.73 CNY per share by December 15, but fell to 3.59 CNY per share by December 19 after the company clarified that there were no major changes in its operational situation [4][12] - The stock had previously closed at 3.14 CNY per share on December 10, indicating a volatile trading period [2][9] Group 2: Financial Performance - In the first three quarters of the year, Zhengbang Technology reported a revenue of 10.66 billion CNY, a year-on-year increase of 82.58%, but the net profit attributable to shareholders dropped by 97.25% to 8.27 million CNY [7][14] - The company recorded a non-recurring net profit of -188.5 million CNY, indicating severe operational losses despite a 36.4% year-on-year improvement [7][15] - High asset impairment losses significantly impacted profitability, with total losses reaching approximately 397 million CNY, a more than 42-fold increase year-on-year [15] Group 3: Market Conditions and Challenges - The overall capacity utilization of Zhengbang Technology remains low, contributing to high cost pressures, despite a commitment from Twin Group to improve operational efficiency [1][8] - The company sold 5.73 million pigs in the first three quarters, a 131.43% increase year-on-year, but the average selling price of pigs has been declining, with prices dropping by 36.27% year-on-year in October [14][16] - The company aims to achieve a turnaround by 2025, but faces challenges due to ongoing price pressures in the pig market and significant operational losses [1][6][16]

Investment Summary - The report suggests focusing on three main investment themes for the agricultural sector in 2026: pig farming, feed and animal health, and pet food [4][5][6]. Group 1: Pig Farming - The supply-demand dynamics in the pig farming industry are improving, with a continued oversupply expected to pressure prices in the first half of 2026, leading to ongoing industry losses [4][16][19]. - The structural changes in pig farming post-African swine fever have led to increased scale and a rise in short-term farmers, resulting in narrower price fluctuations and reduced supply-demand conflicts [4][16][49]. - Cost management is crucial for pig farming companies to achieve excess returns and long-term growth, with significant differentiation expected among companies based on cost advantages [4][50][61]. - The report highlights that the valuation of the sector is at a low point, with expectations for recovery in the valuations of leading companies, particularly those with cost advantages like Muyuan Foods [5][61]. Group 2: Feed and Animal Health - The animal health sector is experiencing a weakening of its cyclical attributes, with research and innovation becoming the core focus for long-term growth [6][62][66]. - The feed market is characterized by competition in the domestic market, with an emphasis on cost control and precision management, while international markets present new growth opportunities for leading companies [6][62][66]. - The report recommends companies with strong research capabilities and cost control, such as Pulaike and KQ Bio, for long-term investment [6][62]. Group 3: Pet Food - The pet food market is expected to continue its growth despite short-term disruptions from tariffs, with domestic brands gaining market share [6][7]. - The report emphasizes the importance of adapting to consumer trends towards health and refinement in product offerings, which is likely to enhance market share and profitability for domestic brands [6][7].