Financial Performance - The company's operating revenue for 2024 was ¥2,159,658,432.85, representing a 4.11% increase compared to ¥2,074,466,255.83 in 2023[30]. - The net profit attributable to shareholders for 2024 was -¥249,127,026.00, a 35.51% improvement from -¥386,315,014.92 in 2023[30]. - The cash flow from operating activities for 2024 was -¥56,186,613.46, showing a 13.86% improvement from -¥65,229,804.51 in 2023[30]. - The basic earnings per share for 2024 was -¥0.71, a 36.04% improvement from -¥1.11 in 2023[30]. - Total assets at the end of 2024 were ¥3,838,629,306.19, a 2.21% increase from ¥3,755,717,117.66 at the end of 2023[30]. - The company reported a decrease in net assets attributable to shareholders by 10.89% to ¥2,038,289,386.04 in 2024 from ¥2,287,351,411.68 in 2023[31]. - The company experienced a significant reduction in net profit attributable to shareholders in the first quarter of 2024, reporting -¥34,906,929.69[35]. - The company received government subsidies amounting to ¥13,758,414.95 in 2024, compared to ¥11,991,067.08 in 2023[38]. - The company sold 252 million broiler chicks and 97,100 tons of chicken products, achieving a revenue of approximately CNY 2.16 billion, a 4.11% increase year-on-year[71]. - The net profit attributable to shareholders was a loss of CNY 249.13 million, but this represented a 35.51% improvement compared to the previous year[71]. - The total assets increased by 2.21% to CNY 3.84 billion, while the net assets decreased by 10.89% to CNY 2.04 billion[71]. Production and Capacity - The company has a production capacity of over 300 million broiler chicks and is continuously expanding its capacity to drive revenue growth[47]. - The company plans to increase its production of cooked chicken products by 60,000 tons through private fundraising projects, which will provide stable revenue from the deep processing segment[47]. - The company completed the installation and trial operation of a hatchery project capable of hatching 100 million broiler chicks annually, which is now operational[71]. - The company has established five breeding farms as part of a project to raise 800,000 parent stock chickens, with further construction to be funded by internal resources[71]. - The company is actively expanding into the downstream processing of chicken products, which is expected to stabilize profits[47]. - The company is focusing on enhancing production capacity and building sales channels for the newly operational projects[105]. - The company aims to hatch 100 million commercial broiler chicks annually by 2025, enhancing its incubation capacity[117]. Market and Competition - The fluctuation in the price of broiler chicks, which is the company's highest-margin product, remains a critical risk factor affecting overall performance[7]. - The company is facing challenges due to low prices in the white feather chicken market and increased competition, leading to a slowdown in industry growth[42]. - The meat chicken industry in China is expected to have a broad development prospect due to its high industrialization level and significant economic benefits[40]. - The company aims to strengthen its market position through continuous innovation in product development and technology[10]. - The company is focusing on new product development, including a new type of feed for meat chickens to improve feed conversion rates and production performance[88]. - The company has outlined a strategy for market expansion, targeting new geographic regions and increasing its market share in existing markets[198]. Research and Development - The company has developed its own breeding technology, which has won national and provincial awards, positioning it as a leader in the domestic breeding technology field[50]. - The company is focusing on technological innovation and has developed several proprietary breeding and feeding techniques, maintaining a leading position in the industry[69]. - The total R&D investment for 2024 is ¥22,300,375.70, reflecting a commitment to innovation and market competitiveness[89]. - The number of R&D personnel increased by 28.89% to 116 in 2024, with a notable rise in those with a college degree or below[89]. - The company has completed several R&D projects aimed at enhancing food safety and production efficiency, including a smart management platform for food safety[88]. Environmental and Social Responsibility - Environmental protection measures are being implemented, including biogas projects to manage waste and produce organic fertilizers, which support sustainable development[10]. - The company is committed to developing a circular economy and an ecological model for the poultry industry to address environmental pressures and promote sustainable development[115]. - The company actively engages in social responsibility by supporting public welfare initiatives, including education and poverty alleviation[172]. - The company maintains a strong commitment to environmental protection, with regular payments of environmental protection taxes as per regulations[168]. - The company’s biogas power generation project from chicken manure can reduce greenhouse gas emissions by 190,000 tons of CO2 annually[168]. Governance and Management - The company maintains a strong governance structure, ensuring compliance with relevant laws and regulations[122]. - The company has established independent financial and operational systems, ensuring its independence from the controlling shareholder[127]. - The company has a total of 9 board members, with diverse professional backgrounds including agriculture and business management[132]. - The company’s board includes independent directors with experience in various sectors, enhancing governance and oversight[132]. - The management team has a strong educational background, with several members holding master's degrees in business administration[132]. Financial Management and Investments - The company plans to use part of the idle raised funds to temporarily supplement working capital[148]. - The company has a structured compensation management system for its directors, supervisors, and senior management[142]. - The company has not proposed any cash dividend distribution plan during the reporting period despite having positive distributable profits[155]. - The company has maintained a continuous relationship with Zhongxinghua Accounting Firm for 19 years, with an audit fee of CNY 900,000 for the current period[181]. - The total amount of guarantees provided by the company accounts for 33.83% of the net assets[200]. Risks and Challenges - The company is focusing on risk management and has outlined potential future risks in its reports[117]. - The company has implemented strict disease control measures, but external outbreaks could negatively impact sales prices and overall performance[59]. - The company acknowledges the increasing importance of food safety, with national laws and regulations being implemented to enhance food safety standards in the poultry industry[113].

A股窄幅震荡，三大股指小幅低收：两市成交11543 亿元 A股三大股指3月26日集体低开。盘初冲高后，两市早盘高位震荡。午后两市继续窄幅震荡，尾盘走低 三大股指小幅低收。 从盘面上看，银行、电力跌幅靠前，深海科技、锂电池概念股回调；机器人、光伏题材反弹明显，养 殖、化纤、地产行业涨幅居前。 至收盘，上证综指跌0.04%，报3368.7点；科创50指数跌0.26%，报1029.05点；深证成指跌0.05%，报 10643.82点；创业板指跌0.26%，报2139.9点。 Wind统计显示，两市及北交所共3544只股票上涨，1667只股票下跌，平盘有185只股票。 沪深两市成交总额11543亿元，较前一交易日的12582亿元减少1039亿元。其中，沪市成交4852亿元，比 上一交易日5164亿元减少312亿元，深市成交6691亿元。 两市及北交所共有103只股票涨幅在9%以上，10只股票跌幅在9%以上。 在板块方面，汽车板块午后走高，万通智控（300643）、美力科技（300611）、联明股份（603006）、 东风科技（600081）、南方精工（002553）、光洋股份（002708）、隆基机械（002363） ...

二、原因说明 证券代码：002234 证券简称：民和股份 公告编号：2025-007 山东民和牧业股份有限公司 2025 年 2 月份鸡苗销售情况简报 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、2025 年 2 月份商品代鸡苗销售情况 山东民和牧业股份有限公司（以下简称"公司"或"本公司"）2025年2月销 售商品代鸡苗2,541.30万只，同比变动25.47%，环比变动-1.33%；销售收入 5,468.60万元，同比变动-32.84%，环比变动-12.77%。 请广大投资者理性投资，注意投资风险。 特此公告。 山东民和牧业股份有限公司董事会 二〇二五年三月十一日 公司商品代鸡苗销售收入同比下降，主要原因是本期白羽肉鸡市场波动较大， 毛鸡收购价格下降，商品代鸡苗售价降低所致。 三、特别提示 1、上述披露仅代表公司商品代鸡苗销售情况，其他业务的经营情况不包括 在内。鸡苗产品销售价格变动幅度和频次较大，其价格变动直接会对公司的经营 业绩产生影响。 2、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，仅作 为阶段性数据供投资者参考。 ...

证券代码：002234 证券简称：民和股份 公告编号：2025-008 山东民和牧业股份有限公司 一、担保基本情况 山东民和牧业股份有限公司（以下简称"公司"或"本公司"）于2024年3月 15日召开董事会审议通过《关于合并报表范围内担保的议案》，并提交公司2023 年度股东大会审议通过，具体为：本公司为子公司融资提供担保，担保额度10亿 元；同时子公司为本公司融资提供担保，担保额度9.5亿元；子公司之间互相提 供担保，担保额度0.5亿元。以此来满足公司经营的资金需求。担保范围包括但 不限于申请银行借款、银行承兑汇票、融资租赁、信用证、保函等融资业务，担 保方式包括但不限于一般保证、连带责任保证、抵押、质押等方式。公司于2024 年年度股东大会召开前任一时点为子公司提供的担保余额将均不超过该等额度。 具体内容详见2024年3月19日公司披露于巨潮资讯网www.cninfo.com.cn、 《中国证券报》、《上海证券报》、《证券时报》、《证券日报》上的《关于合并报表 范围内担保的公告》（公告编号：2024-011）。 二、担保的进展情况 近日，公司就本公司及下属子公司向银行申请授信事宜与银行签订用信贷款 相关文 ...

证券代码：002234 证券简称：民和股份 公告编号：2025-006 二、担保的进展情况 近日，公司就本公司及下属子公司向银行申请授信事宜与银行签订用信贷款 相关文件，具体情况如下： 1、公司为下属子公司担保进展情况 公司与青岛银行股份有限公司烟台芝罘支行签订《最高额保证合同》，为全 资子公司蓬莱民和食品有限公司融资提供担保，保证金额为4,000万元，期间为 债务设立之日起至主合同项下全部债务诉讼时效届满。同时蓬莱民和食品有限公 司与青岛银行股份有限公司烟台芝罘支行签订《借款合同》，贷款金额为4,000万 元（业务期限一年）。公司依据上述保证合同提供连带责任保证担保，期间为主 合同约定的债务履行届满之日起三年。 山东民和牧业股份有限公司 关于担保事项的进展公告 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、担保基本情况 山东民和牧业股份有限公司（以下简称"公司"或"本公司"）于2024年3月 15日召开董事会审议通过《关于合并报表范围内担保的议案》，并提交公司2023 年度股东大会审议通过，具体为：本公司为子公司融资提供担保，担保额度10亿 元；同时子 ...

证券代码：002234 证券简称：民和股份 公告编号：2025-005 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、2025 年 1 月份商品代鸡苗销售情况 山东民和牧业股份有限公司（以下简称"公司"或"本公司"）2025年1月销 售商品代鸡苗2,575.61万只，同比变动46.88%，环比变动43.48%；销售收入 6,269.24万元，同比变动19.12%，环比变动-6.81%。 二、原因说明 公司商品代鸡苗销量同比环比上升，主要原因是上月及去年同期处于停孵期， 产量较低，本月恢复正常孵化所致。 山东民和牧业股份有限公司 2025 年 1 月份鸡苗销售情况简报 请广大投资者理性投资，注意投资风险。 特此公告。 山东民和牧业股份有限公司董事会 二〇二五年二月十一日 三、特别提示 1、上述披露仅代表公司商品代鸡苗销售情况，其他业务的经营情况不包括 在内。鸡苗产品销售价格变动幅度和频次较大，其价格变动直接会对公司的经营 业绩产生影响。 2、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，仅作 为阶段性数据供投资者参考。 ...

舆情管理制度 第一章 总则 第一条 为提高山东民和牧业股份有限公司（以下简称"公司"或"本公司"）应对各 类舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司正常生产经 营活动、股价、公司商业信誉造成的影响，切实保护公司及利益相关方合法权益，根据相关 法律、法规和规范性文件以及《山东民和牧业股份有限公司章程》（以下简称"《公司章 程》"）的相关规定，结合公司实际情况制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络以及其他媒体对公司进行的负面报道、不实报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众、投资者投资判断，造成股价异常波动的信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较大影响的事件 信息。 山东民和牧业股份有限公司 舆情管理制度 山东民和牧业股份有限公司 第三条 本制度所称舆情分为重大舆情与一般舆情： （一）重大舆情：指传播范围广，严重影响公司公众形象或正常经营活动，使公司已经或 可能遭受损失，已经或可能造成公司股票及其衍生品种交易价格变动的负面舆情； （二）一般舆情：指除重大舆情之外的其 ...

表决结果：9票同意，0票反对，0票弃权。 证券代码：002234 证券简称：民和股份 公告编号：2025-003 山东民和牧业股份有限公司 第八届董事会第十四次会议决议公告 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。 一、董事会会议召开情况 山东民和牧业股份有限公司（以下简称"公司"或"本公司"）关于召开第 八届董事会第十四次会议的通知于2025年1月7日以电话通知、邮件和专人送达 的形式发出。会议于2025年1月17日以现场和通讯结合方式在烟台市蓬莱区南关 路2号附3号公司会议室召开。会议应参加表决董事9人，实际参加表决9人，其中 独立董事程永峰以通讯形式参与表决，公司监事和高级管理人员列席会议。会议 由董事长孙宪法主持。本次会议的召集、召开和表决程序符合《公司法》等有关 法律、法规和《公司章程》的有关规定，会议合法有效。 二、董事会会议审议情况 审议通过《关于制定<舆情管理制度>的议案》 为提高公司的舆情管理能力，建立快速反应和应急处理机制，及时、妥善处 理各类舆情对公司正常生产经营活动、股价、商业信誉等造成的影响，切实保护 公司及利益相关方合法权益， ...

Financial Performance - The estimated net profit for the reporting period is projected to be a loss of 220 million to 270 million CNY, an improvement from a loss of 386.315 million CNY in the same period last year [3]. - The net profit attributable to shareholders is expected to increase by 30.11% to 43.05% compared to the previous year [3]. - The net profit after deducting non-recurring gains and losses is projected to be a loss of 233 million to 283 million CNY, which is an improvement from a loss of 401.4528 million CNY last year, reflecting an increase of 29.51% to 41.96% [3]. - The basic earnings per share are expected to be a loss of 0.63 to 0.77 CNY per share, compared to a loss of 1.11 CNY per share last year [3]. Business Operations - The improvement in performance is attributed to an increase in the selling price of broiler chicks and a rise in sales of chicken products, leading to a certain growth in main business revenue [5]. - The company has strengthened the sales channel construction and promotion of cooked food, resulting in a decrease in expense expenditures [5]. - The investment loss from the associated company, Beidahuang Baoquanling Agricultural and Animal Husbandry Development Co., Ltd., has decreased year-on-year [6]. - The company has recognized asset impairment for parent breeding chickens and related assets due to low selling prices of main products [5].

证券代码：002234 证券简称：民和股份 公告编号：2024-050 山东民和牧业股份有限公司 2024 年 11 月份鸡苗销售情况简报 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、2024 年 11 月份商品代鸡苗销售情况 山东民和牧业股份有限公司（以下简称"公司"或"本公司"）2024年11月 销售商品代鸡苗2,339.44万只，同比变动7.22%，环比变动17.12%；销售收入 10,254.00万元，同比变动138.94%，环比变动23.38%。 二、原因说明 公司商品代鸡苗销售收入同比上升138.94%，主要原因是上年同期商品代鸡 苗销售均价大幅下降，本期市场行情稳定，商品代鸡苗销售均价同比较高，同时 公司本月出苗量增加所致。 二〇二四年十二月七日 三、特别提示 1、上述披露仅代表公司商品代鸡苗销售情况，其他业务的经营情况不包括 在内。鸡苗产品销售价格变动幅度和频次较大，其价格变动直接会对公司的经营 业绩产生影响。 2、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，仅作 为阶段性数据供投资者参考。 请广大投资者理性投资，注意投资 ...