山东民和牧业股份有限公司 2025 年半年度财务报告 山东民和牧业股份有限公司 2025 年半年度财务报告 （未经审计） 【2025 年 8 月】 1 山东民和牧业股份有限公司 2025 年半年度财务报告 山东民和牧业股份有限公司 2025 年半年度财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：山东民和牧业股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 614,330,429.83 | 622,124,027.62 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | | | | 应收账款 | 83,483,119.06 | 78,324,917.86 | | 应收款项融资 | 300,797.46 | | | 预付款项 | 20,288,601.79 | 16,581,628. ...

山东民和牧业股份有限公司 2025 年半年度 非经营性资金占用及其他关联资金往来情况汇总表 单位：万元 非经营性资金占用 资金占用方名称 占用方与上 市公司的关 联关系 上市公司 核算的会 计科目 2025 年期 初占用资金 余额 2025 年半年度 占用累计发生 金额（不含利 息） 2025 年半年 度占用资金的 利息（如有） 2025 年半年 度偿还累计 发生金额 2025 年半年 度期末占用 资金余额 占用形 成原因 占用性质 控股股东、实际控制 人及其附属企业 - - - - - - - - - 非经营性占用 小计 - - - 0.00 0.00 0.00 0.00 0.00 - - 前控股股东、实际控 制人及其附属企业 - - - - - - - - - 非经营性占用 小计 - - - 0.00 0.00 0.00 0.00 0.00 - - 其他关联方及其附属 企业 - - - - - - 非经营性占用 小计 - - - 0.00 0.00 0.00 0.00 0.00 - - 总计 - - - 0.00 0.00 0.00 0.00 0.00 - - 其他关联资金往来 资金往来方名称 往来方与上 ...

Market Overview - On August 18, the aquaculture sector rose by 0.41% compared to the previous trading day, with Tianyu Biological leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Stock Performance - Key stocks in the aquaculture sector showed varied performance, with Tianyu Biological closing at 8.17, up 3.16%, and Shennong Group at 32.08, up 0.56% [1] - Other notable performers included Shengnong Development at 17.28, up 2.67%, and Yike Food at 11.70, up 1.21% [1] Trading Volume and Value - The trading volume for Tianyu Biological was 183,800 shares, with a transaction value of 150 million yuan [1] - Shengnong Development had a trading volume of 380,900 shares, with a transaction value of 654 million yuan [1] Capital Flow - The aquaculture sector experienced a net outflow of 97.087 million yuan from institutional investors, while retail investors saw a net outflow of 124 million yuan [2] - Conversely, speculative funds recorded a net inflow of 221 million yuan [2] Individual Stock Capital Flow - Muyuansheng had a net inflow of 43.3368 million yuan from institutional investors, while it faced a net outflow of 38.4479 million yuan from speculative funds [3] - Shengnong Development also saw a net inflow of 24.6627 million yuan from institutional investors, with a net outflow of 10.6830 million yuan from speculative funds [3]

证券之星消息，8月15日养殖业板块较上一交易日上涨0.06%，晓鸣股份领涨。当日上证指数报收于 3696.77，上涨0.83%。深证成指报收于11634.67，上涨1.6%。养殖业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300967 | 晓鸣股份 | 23.23 | 5.21% | 17.57万 | 4.00亿 | | 300313 | *ST天山 | 10.82 | 3.94% | 7.72万 | 8213.04万 | | 002321 | 华英农业 | 2.70 | 1.50% | 24.16万 | 6466.10万 | | 300761 | 立华股份 | 20.12 | 1.16% | 6.76万 | 1.36亿 | | 002124 | 天邦食品 | 2.99 | 1.01% | 25.58万 | 7616.79万 | | 002234 | 民和股份 | 9.08 | 1.00% | 8.37万 | 7600.72万 | | 002458 | 益生股份 | ...

Market Performance - The three major A-share indices collectively rose, with the Shanghai Composite Index increasing by 0.56% to 3686.34 points, reaching a new high since December 2021 [1] - The Shenzhen Component Index rose by 1.47%, and the ChiNext Index increased by 2.81% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 13,283 billion yuan, an increase of 1,181 billion yuan compared to the previous day, with over 2,600 stocks rising [1] Sector Performance - The securities sector saw a comprehensive increase, with Changcheng Securities and Guosheng Financial Holdings hitting the daily limit [1] - The liquid cooling server sector continued to strengthen, with Feilong Co., Zhunchong Technology, and Dayuan Pump Industry also hitting the daily limit [1] - The pharmaceutical sector collectively rose, with Shouyao Holdings hitting the daily limit and Meidi West rising over 11%, marking the first appearance of drugs under the "dual directory" of medical insurance [1] - The military industry stocks experienced a broad increase, with Changcheng Military Industry achieving seven consecutive limits in ten days and Fenghuo Electronics hitting the daily limit [1] Declining Sectors - The breeding industry sector declined, with Xiaoming Co. falling over 5% and Minhe Holdings dropping over 3% [1] - The port and shipping stocks generally fell, with Lianyungang dropping over 4%, and both China National Offshore and Ningbo Maritime falling over 3% [1]

Group 1 - The price of commodity broiler chicks has surged rapidly since mid to late July, with prices increasing from 1.5 yuan per chick at the beginning of July to 4.2 yuan per chick currently, representing a 180% increase [1] - The price of broiler chickens has also seen significant increases, with prices in Shandong dropping to a low of 3 yuan per jin in early July and then rising to a peak of 3.7 yuan per jin in August due to supply shortages [1] - Affected by these price changes, A-share market stocks related to the chicken industry experienced volatility, with companies like Xiaoming Co. and Minhe Co. seeing substantial intraday gains [1] Group 2 - In Jiangsu Huai'an, the demand for broiler chicks has increased, leading to a supply shortage and rising prices [2] - A management representative from a chicken breeding base in Huai'an noted that their facility can raise around 1 million broiler chicks per batch, but extreme measures were taken in July to reduce losses, resulting in a supply gap in August [4] - The recent drop in temperatures has made conditions more favorable for broiler chicken growth, contributing to the rapid price increases [6] Group 3 - In Shandong, the price of broiler chicks has increased by 300% over the past month, with farmers purchasing new chicks at significantly higher prices [7] - The rise in meat chicken prices, which increased by 15% in July, is driving farmers to replenish their stocks, while the supply from hatcheries is decreasing [9] - The average price of domestic white feather meat chicken products rose from 8260 yuan per ton to 8420 yuan per ton in July, boosting the purchasing enthusiasm of slaughterhouses [11] Group 4 - Industry statistics indicate a 0.95% decrease in the supply of commodity broiler chicks in July, with an expected further decline of 1.54% in August [12] - High temperatures earlier this year have led to a 15% decrease in chick survival rates, exacerbating supply tightness [12] - The overall update rate of grandparent meat breeding chickens has decreased by 36.72% year-on-year in the first half of the year, which will impact future supply of parent and commodity broiler chickens [12]

Group 1 - The A-share market for chicken industry stocks experienced a significant rally, with companies like Xiaoming Co. rising nearly 14%, Minhe Co. up over 8%, and Yisheng Co. increasing by nearly 6% [1] - The price of white feather chicken has seen extreme fluctuations, dropping below 3 yuan per jin in early July, leading to deep losses in the industry. To mitigate excess supply, some breeding farms have resorted to extreme measures such as culling breeding chickens [1] - By August, the price of毛鸡 surged to a peak of 3.7 yuan per jin, while chick prices skyrocketed from 1.5 yuan per chick to 4.2 yuan per chick, marking an increase of 180%. The demand for chicks remains high despite the price surge [1] - Since July, domestic chick prices have entered a rising trend, with a staggering increase of 300% in Shandong, a major meat chicken production province, over just a month [1]

Core Viewpoint - The Chinese livestock industry is experiencing a phase of high pig production capacity, prompting the Ministry of Agriculture and Rural Affairs to implement comprehensive production capacity regulation to mitigate risks of price volatility and overproduction [1][2]. Group 1: Market Performance - As of August 12, 2025, the CSI Livestock Breeding Index (930707) increased by 0.68%, with notable gains from companies such as Xiaoming Co. (300967) up 6.50%, Minhe Co. (002234) up 6.19%, and Yisheng Co. (002458) up 3.28% [1]. - The Livestock ETF (159867) rose by 0.46%, marking its third consecutive increase, with the latest price at 0.65 yuan [1]. Group 2: Policy and Regulation - The Ministry of Agriculture and Rural Affairs has announced plans to guide the reduction of approximately 1 million breeding sows to prevent production fluctuations and price instability [1]. - A meeting held on July 23 emphasized strict implementation of production capacity regulation measures, including the rational elimination of breeding sows and control of new production capacity [1]. Group 3: Industry Outlook - Recent policies are expected to accelerate the elimination of inefficient production capacity in the industry, potentially leading to a long-term increase in pig prices, benefiting low-cost and high-quality pig enterprises [1]. - The top ten weighted stocks in the CSI Livestock Breeding Index account for 64.83% of the index, indicating a concentrated market structure [2].

Group 1 - The US and China have agreed to suspend the implementation of a 24% tariff for 90 days [1] - A-shares opened slightly higher with the Shanghai Composite Index up 0.01%, Shenzhen Component Index up 0.01%, and ChiNext Index up 0.06% [1] - Real estate stocks remained active, with Shahe Shares and Wantong Development hitting the daily limit [1] Group 2 - The aquaculture sector saw an initial surge, with Xiaoming Shares and Minhe Shares rising over 6% [1] - Lithium mining stocks experienced a pullback, with Yongshan Lithium Industry down over 5% and Ganfeng Lithium down over 2% [1] - The rare earth permanent magnet concept opened lower, with Zhongmin Resources down over 5% and Jiuwu High-Tech down over 3% [1]

Group 1 - The poultry concept stocks experienced a rise, with Xiaoming Co., Ltd. increasing by over 11% [1] - Minhe Co., Ltd. saw an increase of nearly 6% [1] - Yisheng Co., Ltd. and Xiangjia Co., Ltd. both rose by nearly 3% [1]