Core Viewpoint - The company reported a revenue of 5.849 billion yuan for Q3 2025, marking an 18.77% year-on-year increase, while the net profit attributable to shareholders decreased by 11.40% to 249 million yuan [2] Financial Performance - Q3 2025 revenue reached 5.849 billion yuan, reflecting an 18.77% increase compared to the same period last year [2] - Net profit attributable to shareholders was 249 million yuan, which represents a decline of 11.40% year-on-year [2] - Basic earnings per share stood at 0.2018 yuan [2]

智通财经APP讯，圣农发展(002299.SZ)发布2025年三季度报告，该公司前三季度营业收入为147.06亿 元，同比增长6.86%。归属于上市公司股东的净利润为11.59亿元，同比增长202.82%。归属于上市公司 股东的扣除非经常性损益的净利润为6.32亿元，同比增长71.72%。基本每股收益为0.94元。 ...

证券代码：002299 证券简称：圣农发展 公告编号：2025-062 福建圣农发展股份有限公司 关于调整公司及下属子公司 2025 年度关联交易的公告 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，不存在虚假记载、 误导性陈述或者重大遗漏。 一、关于调整关联交易的基本情况 （一）关于年初至今关联交易的概述 福建圣农发展股份有限公司（以下简称"公司"）于 2025 年 4 月 11 日召开 的第七届董事会第八次会议和 2025 年 5 月 7 日召开的 2024 年度股东大会审议通 过了《关于预计公司及下属子公司 2025 年度关联交易的议案》，具体内容详见公 司于 2025 年 4 月 12 日刊登于公司指定信息披露媒体《证券时报》、《中国证券报》、 《上海证券报》、《证券日报》和巨潮资讯网（http://www.cninfo.com.cn）的《福 建圣农发展股份有限公司关于预计公司及下属子公司 2025 年度关联交易的公 告》，并对公司及下属子公司 2025 年全年预计发生的关联交易进行了合理预计。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司信息披露 指引第 5 号——交易与关 ...

证券代码：002299 证券简称：圣农发展 公告编号：2025-063 福建圣农发展股份有限公司 关于召开 2025 年第三次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 2、股东会的召集人：董事会 3、会议召开的合法、合规性：公司第七届董事会第十五次会议作出了关于 召开本次股东会的决定，本次股东会会议的召集程序符合《中华人民共和国公司 法》《上市公司股东会规则》等有关法律、行政法规、部门规章、规范性文件和 《公司章程》的规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 19 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 19 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2025 年 11 月 19 日 9:15 至 15:00 的任意时 间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：2 ...

证券代码：002299 证券简称：圣农发展 公告编号：2025-059 福建圣农发展股份有限公司 第七届董事会第十五次会议决议公告 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 导性陈述或者重大遗漏。 福建圣农发展股份有限公司（以下简称"公司"）第七届董事会第十五次会 议于 2025 年 10 月 21 日下午在福建省光泽县十里铺公司办公大楼四层会议室以 现场会议方式召开，本次会议由公司董事长傅光明先生召集并主持，会议通知已 于 2025 年 10 月 13 日以专人递送、传真、电子邮件等方式送达给全体董事、高 级管理人员。应参加会议董事九人，实际参加会议董事九人，高级管理人员列席 了本次会议。本次会议的召集、召开符合《中华人民共和国公司法》和《公司章 程》的有关规定。 本次会议以记名投票表决方式逐项审议并通过了以下决议： 一、审议通过《公司 2025 年三季度报告》。表决结果为：9 票赞成，0 票 反对，0 票弃权。 具体内容详见公司于 2025 年 10 月 22 日在公司指定信息披露媒体《证券时 报》《中国证券报》《上海证券报》《证券日报》或巨潮资讯网（www.cninfo ...

证券代码：002299 证券简称：圣农发展 公告编号：2025-061 福建圣农发展股份有限公司 关于公司 2025 年前三季度利润分配预案的公告 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 导性陈述或者重大遗漏。 一、审议程序 福建圣农发展股份有限公司（以下简称"公司"）于 2025 年 10 月 21 日召开 第七届董事会第十五次会议，审议并通过《关于公司 2025 年前三季度利润分配 预案的议案》，本议案尚需提交公司 2025 年第三次临时股东会审议。具体分配预 案如下： 2、根据公司 2025 年第三季度报告（未经审计），公司 2025 年前三季度合并 报表归属于上市公司股东的净利润 1,158,919,234.65 元，截至 2025 年 9 月 30 日，公司合并财务报表中可供分配的利润为 4,979,142,061.95 元，母公司财务 报表中可供分配的利润为 1,365,422,317.58 元。根据利润分配应以合并报表、 母公司报表中可供分配利润孰低的原则，截至 2025 年 9 月 30 日，公司可供股东 分配的利润为 1,365,422,317.58 元， ...

Core Viewpoint - Shengnong Development (002299) reported a mixed performance in its Q3 2025 results, with revenue growth but a decline in net profit [1] Financial Performance - In Q3 2025, the company achieved revenue of 5.849 billion yuan, representing a year-on-year increase of 18.77% [1] - The net profit attributable to shareholders for Q3 was 249 million yuan, showing a year-on-year decrease of 11.4% [1] - For the first three quarters of 2025, the company reported total revenue of 14.706 billion yuan, up 6.86% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 1.159 billion yuan, reflecting a significant year-on-year increase of 202.82% [1] Dividend Announcement - The company plans to distribute a dividend of 3 yuan per 10 shares (including tax) [1] Product Development - The new generation of self-developed breeding chickens, "Shengze 901 Plus," has shown continuous optimization in key indicators such as feed-to-meat ratio, leading to a rising internal usage ratio and driving down costs [1]

圣农发展公告，第三季度营收为58.49亿元，同比增长18.77%；净利润为2.49亿元，下降11.40%。前三 季度营收为147.06亿元，同比增长6.86%；净利润为11.59亿元，同比增长202.82%。 ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥5,849,481,319.26, representing an increase of 18.77% year-over-year[4] - Net profit attributable to shareholders decreased by 11.40% to ¥248,669,626.06, while the net profit excluding non-recurring items was ¥256,541,260.64, down 6.88%[4] - The basic earnings per share for the period was ¥0.2018, a decline of 11.26% compared to the same period last year[4] - Total operating revenue for the current period reached ¥14,705,886,548.86, an increase of 6.84% compared to ¥13,762,170,767.34 in the previous period[29] - Total operating costs amounted to ¥13,989,834,377.59, up from ¥13,337,012,831.12, reflecting a year-over-year increase of 4.91%[29] - Net profit for the current period was ¥1,172,413,256.24, significantly higher than ¥368,027,024.27 in the previous period, marking a growth of 218.66%[30] - Earnings per share (EPS) for the current period was ¥0.9400, compared to ¥0.3090 in the previous period, indicating a substantial increase[31] - The total comprehensive income for the current period was ¥1,172,388,010.96, compared to ¥368,012,473.96 in the previous period, showing a growth of 218.66%[31] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥23,495,948,195.71, reflecting a growth of 12.47% from the previous year[4] - Total current assets increased to ¥7,145,322,598.22 from ¥5,515,048,110.21, representing a growth of approximately 29.6%[25][26] - Total liabilities increased to ¥20,000,000,000, reflecting a significant rise in financial obligations[26] - The total liabilities increased to ¥12,119,219,195.77 from ¥10,444,464,111.41, reflecting a rise of 16.06%[27] - The company's asset-liability ratio increased by 1.58 percentage points to 51.58%, indicating a strategic use of note financing tools to maintain liquidity[18] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥3,086,375,928.39, an increase of 37.70%[4] - Cash generated from operating activities was ¥15,948,360,114.35, an increase from ¥14,334,533,403.12, representing a growth of 11.29%[33] - The net cash flow from operating activities amounted to ¥3,086,375,928.39, an increase from ¥2,241,409,572.03 in the previous period, reflecting a strong operational performance[34] - The net cash flow from financing activities was -¥321,115,261.88, an improvement compared to -¥1,383,596,598.77 in the previous period, suggesting better management of financing costs[34] - The total cash and cash equivalents at the end of the period reached ¥1,234,836,279.67, up from ¥907,264,260.51, indicating improved liquidity[35] - The net increase in cash and cash equivalents for the period was ¥605,238,374.37, compared to ¥347,071,967.66 in the previous period, demonstrating positive cash flow generation[35] Investments and Acquisitions - The company completed the acquisition of Anhui Taiyanggu, which has been consolidated into the financial statements, resulting in a 44.18% increase in accounts receivable[11] - Goodwill increased by 897.38% to ¥102,086,770.77 due to the acquisition of 54% of Anhui Taiyanggu, adding an annual production capacity of 65 million birds and over 90,000 tons of cooked food[11] - Investment income surged by 559.94% to CNY 629.24 million, primarily from the completion of the controlling merger with Anhui Sun Valley Food Technology Group Co., Ltd.[14] - The company reported investment income of ¥629,239,236.42, a significant increase from ¥95,347,633.29 in the previous period[30] - The company reported a 323.02% increase in net cash flow from investing activities, amounting to CNY -2,159.24 million, mainly due to the acquisition of Anhui Sun Valley[17] Shareholder Information - Total number of common stock shareholders at the end of the reporting period is 34,196[22] - The largest shareholder, Fujian Shengnong Holding Group Co., Ltd., holds 43.88% of shares, totaling 545,510,048 shares[22] - The company has no preferred shareholders or significant changes in the top 10 shareholders due to margin trading[24] - The company’s actual controllers are identified as Fujian Shengnong Holding Group Co., Ltd. and its related parties[23] Operational Efficiency - The annual turnover rate of accounts receivable remained stable at 14.40 times, demonstrating effective credit management[19] - Inventory turnover increased by 0.57 times to 5.86 times, reflecting strong control over production planning and inventory management[20] - The company expanded its market share with over 30% growth in retail channels and over 40% growth in export channels[15] - The company recognized government subsidies amounting to ¥11,926,880.74, primarily related to revenue[6] - The company received government subsidies, contributing to a 35.58% increase in deferred income to CNY 262.53 million[14] Employee and Operational Costs - The company incurred cash payments to employees totaling ¥1,969,072,303.84, up from ¥1,645,104,651.99, reflecting increased workforce costs[34] - The company reported a net loss from the disposal of non-current assets of ¥17,948,380.04 for the current period[6] - Research and development expenses for the current period were ¥86,901,104.09, up from ¥68,958,222.86, indicating a growth of 26.06%[30]

Market Overview - The aquaculture sector increased by 0.28% on October 21, with Tianbang Food leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Stock Performance - Tianbang Food (002124) closed at 2.93, up 3.90% with a trading volume of 849,200 shares and a transaction value of 247 million [1] - Minhe Livestock (002234) closed at 69.8, up 2.24% with a trading volume of 49,700 shares and a transaction value of 42.8 million [1] - Xiaoming Co. (300967) closed at 20.91, up 2.00% with a trading volume of 48,100 shares and a transaction value of 99.9 million [1] - Shengnong Development (002299) closed at 16.86, up 2.00% with a trading volume of 118,600 shares and a transaction value of 28.67 million [1] - Tianyu Bio (603717) closed at 8.93, up 1.94% with a trading volume of 81,500 shares and a transaction value of 72.32 million [1] Capital Flow - The aquaculture sector experienced a net outflow of 44.44 million from institutional investors and 35.77 million from retail investors, while retail investors saw a net inflow of 80.22 million [2] - The capital flow for individual stocks shows Shengnong Development (002299) with a net inflow of 22.98 million from institutional investors [3] - Institutional investors also showed a net inflow of 18.73 million for Zhengbang Technology (002157) [3] - Tianbang Food (002124) had a net inflow of 16.94 million from institutional investors [3]