Core Insights - The aquaculture sector experienced a 1.0% increase on October 31, with Tianyu Biological leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Aquaculture Sector Performance - Tianyu Biological (603717) closed at 9.16, up 4.93% with a trading volume of 254,000 shares and a transaction value of 234 million [1] - Huaying Agriculture (002321) closed at 2.90, up 4.69% with a trading volume of 654,900 shares and a transaction value of 188 million [1] - Other notable performers include *ST Tianshan (300313) up 3.34%, Luoniushan (000735) up 2.37%, and Xiaoming Co. (300967) up 1.65% [1] Capital Flow Analysis - The aquaculture sector saw a net inflow of 290 million from institutional investors, while retail investors experienced a net outflow of 190 million [2] - Major stocks like Muyuan Foods (002714) had a net inflow of 203 million, while Wens Foodstuffs (300498) had a net inflow of 61 million [3] - The overall trend indicates a shift in capital, with institutional investors showing confidence in the sector while retail investors are withdrawing [2][3]

Core Insights - Huaying Agriculture (002321.SZ) released its Q3 2025 report on October 31, 2025, indicating significant institutional investor interest in the company [1] Institutional Holdings - As of October 30, 2025, a total of 10 institutional investors disclosed holdings in Huaying Agriculture A-shares, with a combined holding of 1.242 billion shares, representing 58.25% of the total share capital [1] - The top ten institutional investors include notable entities such as Xinyang Dingxin Xinghua Industrial Investment Partnership, Henan Guangzhou Chenyue Industrial Co., Ltd., and others, collectively holding 58.25% of the shares, which remains unchanged from previous reports [1] Public Fund Participation - In this reporting period, 19 public funds were disclosed, which were not reported in the previous quarter, including various ETFs focused on livestock and agriculture themes [1]

Core Viewpoint - The company has announced the cancellation of its supervisory board and the revision of its articles of association to enhance corporate governance and comply with the latest legal regulations [9][10]. Financial Data Summary - The third-quarter financial report has not been audited, and the company confirms that there are no adjustments or restatements of previous accounting data [3][8]. - The company has declared that there are no non-recurring gains or losses applicable for the reporting period [3]. Corporate Governance Changes - The supervisory board will be abolished, and its functions will be transferred to the audit committee of the board of directors, in line with the latest legal requirements and corporate governance standards [9][10]. - The company will revise its articles of association to reflect these changes and ensure compliance with relevant laws and regulations [9][12].

Core Viewpoint - The company has reported its financial performance and related party transactions, indicating a stable operational environment and adherence to regulatory requirements while also addressing asset impairment provisions. Group 1: Financial Performance - As of September 30, 2025, Dongxing Down's total assets amounted to 262 million yuan, with net assets of 30.47 million yuan. For the first nine months of 2025, the company achieved operating income of 66.04 million yuan and a net profit of 498,000 yuan [1] - The company has recognized a total of 26.8 million yuan in credit and asset impairment provisions for the first three quarters of 2025, which includes 18.23 million yuan for accounts receivable and 8.76 million yuan for inventory [9][10] Group 2: Related Party Transactions - The transactions with related parties are considered normal business dealings, executed based on signed contracts with reasonable settlement periods, and are priced fairly according to market principles [3][4] - The independent directors have unanimously agreed that the adjustments to the expected related party transactions for 2025 are necessary for the company's development and will not affect its independence or harm the interests of shareholders [5][42] Group 3: Governance and Compliance - The company held its 25th meeting of the seventh board of directors on October 29, 2025, where various proposals, including the adjustment of related party transactions and the election of the eighth board of directors, were discussed and approved [14][35] - The company plans to hold the third extraordinary general meeting of shareholders on November 19, 2025, to review the proposals from the board meeting [46]

Group 1 - The company Huaying Agriculture (SZ 002321) announced the convening of its 25th meeting of the 7th Board of Directors on October 29, 2025, at its headquarters [1] - The meeting reviewed the proposal to amend the "Rules of Procedure for Board Meetings" among other documents [1] - For the first half of 2025, the company's revenue composition was entirely from the poultry farming and food processing industry, accounting for 100.0% [1]

Core Points - Huaying Agriculture announced the nomination of candidates for its eighth board of directors, consisting of 9 members, including 6 non-independent directors and 3 independent directors [2] Group 1 - The board of directors will include 6 non-independent directors, one of whom is an employee director, and 3 independent directors [2] - The controlling shareholder, Xinyang Dingxin Xinghua Industrial Investment Partnership (Limited Partnership), nominated four candidates for non-independent directors: Xu Shuijun, Zhang Yong, Zhu Minghong, and Zhang Wei [2] - Three candidates for independent directors were nominated: Ye Jinpeng, Wang Huohong, and Zhang Rui, with Zhang Rui being a professional accountant [2]

Core Insights - The company reported a slight increase in revenue but significant losses in net profit for the first three quarters of 2025 [1][2] - The company's gross margin and net margin have both declined compared to the previous year [2] Financial Performance - Revenue for the first three quarters was 3.79 billion yuan, a year-on-year increase of 0.89% [1] - Net profit attributable to shareholders was -32.23 million yuan, a year-on-year decrease of 198.26% [1] - The basic earnings per share was -0.02 yuan [1] - Gross margin for the first three quarters was 6.09%, down 0.73 percentage points year-on-year [2] - Net margin was 0.74%, a decrease of 1.49 percentage points compared to the same period last year [2] Quarterly Analysis - In Q3 2025, the gross margin was 5.22%, down 0.75 percentage points year-on-year and down 0.17 percentage points quarter-on-quarter [2] - The net margin for Q3 was 0.60%, a decline of 1.07 percentage points year-on-year and 0.49 percentage points quarter-on-quarter [2] - Total expenses for the period were 153 million yuan, a decrease of 16.68 million yuan year-on-year [2] Shareholder Information - As of the end of Q3 2025, the total number of shareholders was 38,700, a decrease of 10,200 or 20.90% from the end of the previous half [2] - The average market value per shareholder increased from 102,800 yuan to 163,500 yuan, a growth of 59.10% [2] Company Overview - The company, Henan Huaying Agricultural Development Co., Ltd., is located in Huaiyang County, Henan Province, and was established on January 30, 2002 [3] - The main business includes duck/chicken breeding, incubation, poultry sales, feed production, and processing of frozen products [3] - Revenue composition includes down products (65.43%), frozen products (19.27%), and cooked food (13.21%) [3]

河南华英农业发展股份有限公司 内部审计制度 河南华英农业发展股份有限公司 内部审计制度 第一章 总则 第一条 为规范河南华英农业发展股份有限公司（以下简称"公司"）内部 审计工作，发挥内部审计在强化内部控制、完善公司治理结构的作用，保护公司 及股东合法权益，根据《中华人民共和国审计法》《审计署关于内部审计工作的 规定》《深圳证券交易所上市公司自律监管指引第1号——主板上市公司规范运 作》等有关法律、行政法规、部门规章、规范性文件以及《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 本制度所称内部审计，是指公司内部审计部门或内部审计人员对公 司内部控制和风险管理的有效性、财务信息的真实性和完整性以及经营活动的效 率和效果等实施独立、客观的监督、评价和建议，以促进公司完善治理、实现经 营目标的活动。 第三条 本制度适用于公司、控股子公司（含全资子公司）、内部机构或职 能部门、参股公司以及通过其他方式获得实际控制权的企业或组织。 第二章 内部审计机构和人员 第四条 公司设审计监察部作为公司内部审计机构，负责公司内部审计工作 的开展与实施。公司审计监察部对董事会负责，向董事会审计委员会报告工作。 审计 ...

河南华英农业发展股份有限公司 对外担保管理制度 河南华英农业发展股份有限公司 对外担保管理制度 第一章 总则 公司控股子公司为公司合并报表范围内的法人或者其他组织提供担保的，公 司应当在控股子公司履行审议程序后及时披露。按照《深圳证券交易所股票上市 规则》规定，需要提交公司股东会审议的担保事项除外。 公司控股子公司对公司提供的担保不适用本条第二款规定。 公司控股子公司为本条第二款规定主体以外的其他主体提供担保的，视同公 司提供担保，应当遵守本制度的相关规定执行。 第四条 公司对外担保实行统一管理，未经公司董事会或股东会批准，任何 人无权以公司名义签署对外担保的合同、协议或其他类似的法律文件。股东会或 者董事会对对外担保事项做出决议时，与该担保事项有利害关系的股东或者董事 1 河南华英农业发展股份有限公司 对外担保管理制度 第一条 为规范河南华英农业发展股份有限公司（以下简称"公司"）的对 外担保行为，防范风险，保证公司资产安全，保护股东和其他利益相关者的合法 权益，根据《中华人民共和国民法典》、《中华人民共和国公司法》、《中华人 民共和国证券法》、《深圳证券交易所股票上市规则》、《上市公司监管指引第 8 号— ...

河南华英农业发展股份有限公司 章 程 $$\Xi{\cal O}=\Xi\#\mp\beta$$ | | | | 第二章 | 经营宗旨和范围 | 3 | | --- | --- | --- | | 第三章 | 股份 3 | | | 第一节 | 股份发行 | 3 | | 第二节 | 股份增减和回购 | 5 | | 第三节 | 股份转让 | 6 | | 第四章 | 股东和股东会 | 7 | | 第一节 | 股东 | 7 | | 第二节 | 控股股东和实际控制人 | 10 | | 第三节 | 股东会的一般规定 | 11 | | 第四节 | 股东会的召集 | 15 | | 第五节 | 股东会的提案与通知 | 16 | | 第六节 | 股东会的召开 | 18 | | 第七节 | 股东会的表决和决议 | 20 | | 第五章 | 党建工作 | 26 | | 第一节 | 党委和纪委 | 26 | | 第二节 | 党委职权 | 27 | | 第三节 | 纪委职权 | 27 | | 第六章 | 董事会 | 27 | | 第一节 | 董事 | 27 | | 第二节 | 董事会 | 31 | | 第三节 | 独立董事 | 36 | ...