证券代码：002385 证券简称：大北农 公告编号：2026-007 北京大北农科技集团股份有限公司 关于召开 2026 年第一次临时股东会的通知 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《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》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4、会议时间： （1）现场会议时间：2026 年 2 月 9 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 2026 年 2 月 9 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 2026 年 2 月 9 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：2026 年 2 月 4 日 7、出席对象： 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：20 ...

证券代码：002385 证券简称：大北农 公告编号：2026-004 北京大北农科技集团股份有限公司 第六届董事会第四十次（临时）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 北京大北农科技集团股份有限公司（以下简称"公司"）第六届董事会第四 十次（临时）会议通知于 2026 年 1 月 18 日以电子邮件的方式发出，会议于 2026 年 1 月 23 日以现场+通讯方式召开。本次会议应出席董事 9 名，实际出席董事 9 名，其中董事长邵根伙先生、董事邵丽君女士、张颉先生现场参加会议，其他董 事以通讯方式参加会议。本次会议由董事长邵根伙先生主持，公司高级管理人员 列席了会议。会议的召开符合《中华人民共和国公司法》《公司章程》《董事会 议事规则》的有关规定。 二、董事会会议审议情况 经本次董事会有效表决，会议审议通过了如下议案： 1. 审议通过《关于为参股公司提供担保暨关联交易的议案》 具体内容详见公司同日在指定信息披露媒体《证券时报》《上海证券报》《证 券日报》及巨潮资讯网（www.cninfo.com.cn）披露的《关 ...

Group 1 - The soybean concept sector experienced a decline of 0.10%, ranking among the top losers in the concept sector, with notable declines from companies such as Weiweiyuan, Beidahuang, and Jiahua [1] - Among the soybean concept stocks, six stocks saw price increases, with the top gainers being Wuchan Zhongda, Ruimaotong, and Nongfa Zhongye, which rose by 1.36%, 1.34%, and 0.44% respectively [1] - The main capital outflow from the soybean concept sector today was 107 million yuan, with eight stocks experiencing net outflows, and five stocks seeing outflows exceeding 10 million yuan [2] Group 2 - The leading stock in terms of capital outflow was Beidahuang, with a net outflow of 28.21 million yuan, followed by Wuchan Zhongda, Dabeinong, and Quanyin Gaoke, with net outflows of 25.58 million yuan, 12.99 million yuan, and 12.69 million yuan respectively [2] - The stocks with the highest net capital inflow included Xinyangfeng, Xianda Co., and Ruimaotong, with net inflows of 2.85 million yuan, 2.82 million yuan, and 1.90 million yuan respectively [2] - The detailed capital outflow data for soybean concept stocks shows that Beidahuang had a price decline of 1.52% with a turnover rate of 1.64%, while Wuchan Zhongda increased by 1.36% with a turnover rate of 1.39% [2]

Group 1 - The feed sector experienced a decline of 0.29% on January 23, with Zhongchong Co., Ltd. leading the drop [1] - The Shanghai Composite Index closed at 4136.16, up 0.33%, while the Shenzhen Component Index closed at 14439.66, up 0.79% [1] - Key stocks in the feed sector showed varied performance, with Tianma Technology rising by 2.94% to a closing price of 16.13, while Zhongchong Co., Ltd. fell by 1.55% to 49.52 [2] Group 2 - The feed sector saw a net outflow of 70.64 million yuan from institutional investors, while retail investors had a net inflow of 90.51 million yuan [2] - The trading volume and turnover for major stocks in the feed sector varied, with major stocks like Tianma Technology and Haida Group showing significant trading activity [3] - The net inflow and outflow of funds for specific stocks indicated a mixed sentiment among investors, with some stocks like Haida Group experiencing a net inflow of 13.67 million yuan from institutional investors [3]

Core Insights - In December 2025, 16 major pig farming companies in China achieved a total sales volume of 17.72 million pigs, marking a year-on-year increase of 3.51% and a month-on-month increase of 7.15% [1][5][6] - The total revenue for these companies in December was 22.104 billion yuan, reflecting a year-on-year decline of 26.85% but a month-on-month increase of 4.87% [1][5][11] Sales Volume Analysis - The leading company, Muyuan Foods, sold 6.98 million pigs in December, while Wens Foodstuffs and New Hope reported sales of over 1.8 million pigs each [1][6] - Jin Xin Nong and Zhengbang Technology experienced significant sales growth, with increases exceeding 70% year-on-year, while four companies, including Muyuan Foods and Tangrenshen, saw declines of over 10% [1][6][10] Revenue Analysis - The revenue figures for December showed that Jin Xin Nong and Zhengbang Technology had revenue growth rates exceeding 20%, while four companies, including Zhenghong Technology and Tiankang Biological, reported revenue declines of over 30% [1][11] - Muyuan Foods generated 9.667 billion yuan in revenue for December, down 36.06% year-on-year, while Wens Foodstuffs and New Hope also reported declines of 11.38% and 10.75%, respectively [10][12] Price Trends - The average transaction price for pigs in the national market fluctuated around 15 yuan per kilogram in early 2025, dropping to a low of 11.05 yuan per kilogram in the latter half of the year [2]

Market Overview - The feed sector experienced a decline of 0.69% on January 21, with Aonong Biological leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Individual Stock Performance - Jin Xin Nong (002548) closed at 6.56, up 2.34% with a trading volume of 399,800 shares and a transaction value of 261 million [1] - Petty Holdings (300673) closed at 19.46, up 1.62% with a trading volume of 82,200 shares and a transaction value of 159 million [1] - Aonong Biological (603363) closed at 4.27, down 1.84% with a trading volume of 430,600 shares and a transaction value of 184 million [2] - Other notable declines include Tian Kang Biological (002100) down 1.26% and Hai Da Group (002311) down 1.17% [2] Capital Flow Analysis - The feed sector saw a net outflow of 95.94 million from institutional investors, while retail investors had a net inflow of 63.31 million [2] - The capital flow for individual stocks shows Jin Xin Nong with a net inflow of 21.61 million from institutional investors, while Aonong Biological had a net outflow of 1.32 million [3] - Petty Holdings experienced a net outflow of 1.99 million from institutional investors but a net inflow of 6.27 million from retail investors [3]

Core Insights - The peanut seed industry is crucial for oil security and economic development, with the government implementing various policies to support its growth towards quality, intensification, and scale [5][6][8] - China's peanut processing industry is projected to reach a value of 214 billion yuan in 2024, with stable planting areas and increasing consumption [6][7] - The domestic peanut seed market is dominated by local varieties, with imports primarily for research purposes, and a recovery in trade expected in 2025 [9][10] Industry Overview - Peanut seeds are essential oil and economic crops, requiring strict quality standards, including a germination rate of ≥92% and purity of ≥98% [2][3] - The industry is characterized by a high domestic seed ratio of 98.7%, with a focus on high-oil and disease-resistant varieties [9][10] Policy Background - The government has positioned the seed industry as a key component of agricultural development, launching initiatives to enhance breeding innovation and regulatory frameworks [5][6] Current Development Status - China leads globally in peanut production, processing, and trade, with a total production of 19.23 million tons in 2024, accounting for 38.8% of the world's total [7][8] - The planting area remains stable at over 4.7 million hectares, with significant contributions from key provinces [7][8] Consumption Trends - The peanut consumption market is growing steadily, with a compound annual growth rate of 1.48%, driven by diverse applications including oil extraction and direct consumption [8] Import and Export Analysis - The peanut seed trade is characterized by significant fluctuations, with imports and exports expected to rebound in 2025 after a decline in 2024 [9][10] - The average import price has shown considerable volatility, influenced by factors such as scarcity and logistics costs [10] Future Development Trends - The industry is expected to focus on specialized and resilient varieties, with advancements in breeding technology to shorten development cycles [11][12] - A shift towards an integrated and collaborative industry structure is anticipated, enhancing market concentration and service offerings [13] - Continuous policy support and market demand will drive standardization and internationalization efforts, promoting domestic seeds in emerging markets [14]

Group 1 - The core viewpoint of the articles highlights the positive trend in pig prices driven by the consumption peak season, with the average price of lean pigs reaching 12.49 CNY/kg, a 2.6% increase month-on-month [1] - The stock performance of the livestock breeding index shows mixed results, with leading stocks like Ruisheng Biological rising by 9.91% and the Livestock ETF priced at 0.68 CNY [1] - The overall pig farming sector is experiencing a "tug-of-war" state, where companies with cost advantages are more resilient in competition [1] Group 2 - According to Huaxi Securities, the average price of external three yuan pigs reached 12.7 CNY/kg, a week-on-week increase of 1.26%, indicating a steady rise in pig prices [2] - As of the end of October, the number of breeding sows in China was 39.9 million, a decrease of 1.1% month-on-month, reflecting ongoing adjustments in pig production capacity [2] - The self-breeding and external purchasing pig farming models have turned profitable, with profits of 7.39 CNY/head and 2.31 CNY/head respectively [2] Group 3 - The CSI Livestock Breeding Index (930707) includes companies involved in livestock feed, veterinary drugs, and livestock farming, reflecting the overall performance of listed companies in the livestock sector [2] - The top ten weighted stocks in the CSI Livestock Breeding Index account for 67.66% of the index, with major companies including Muyuan Foods, Haida Group, and Wens Foodstuffs [2]

Investment Rating - Industry Rating: Recommended [3] Core Insights - The pork price is rising due to the peak consumption season, and there is an expectation for accelerated destocking after the holiday [2][12] - The Ministry of Agriculture and Rural Affairs emphasizes the importance of agricultural modernization and the commercialization of genetically modified crops to enhance yield and self-sufficiency [1][11] - The report highlights the profitability recovery in pig farming, with self-breeding and purchased piglets turning profitable, indicating a short-term challenge for capacity destocking [2][12] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs is supporting Shandong Province in enhancing grain production and agricultural modernization, focusing on rural revitalization and technological innovation [1][11] - Key recommended stocks in the planting sector include Beidahuang and Suqian Agricultural Development, with a focus on leading seed companies like Dabeinong and Longping High-Tech [1][11] Swine Farming - The average price of live pigs is 12.72 CNY/kg, with a week-on-week increase of 1.26%. The number of breeding sows is 39.9 million, showing a decrease of 1.1% month-on-month and 2.1% year-on-year [2][12] - The report suggests focusing on companies with significant cost improvements and high future output elasticity, including stocks like Muyuan Foods and Wens Foodstuffs [2][12] Key Agricultural Product Data Tracking - Corn: The average price is 2359.57 CNY/ton, with a week-on-week increase of 0.26% [24] - Wheat: The average price is 2513.57 CNY/ton, remaining stable week-on-week [27] - Soybeans: The average price is 4053.16 CNY/ton, with a slight increase of 0.12% [38] - Cotton: The average price is 15640.00 CNY/ton, with a week-on-week increase of 0.18% [43]

Investment Rating - Industry rating: Recommended [3] Core Insights - The pork price is rising due to the peak consumption season, and there is an expectation for accelerated destocking after the holiday [2][12] - The Ministry of Agriculture and Rural Affairs emphasizes the importance of agricultural modernization and the commercialization of genetically modified crops to enhance yield and self-sufficiency [1][11] - The report highlights the profitability recovery in pig farming, with self-breeding and purchased piglets turning profitable, indicating a short-term challenge for capacity destocking [2][12] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs is supporting Shandong province in enhancing grain production and agricultural modernization, focusing on technology and innovation [1][11] - Key recommended stocks in the planting sector include Beidahuang and Suqian Agricultural Development, with a focus on genetically modified seed companies like Dabeinong and Longping High-Tech [1][11] Swine Farming - The average price of live pigs is 12.72 CNY/kg, with a week-on-week increase of 1.26% [2][12] - The number of breeding sows is 39.9 million, showing a decrease of 1.1% month-on-month and 2.1% year-on-year, indicating a steady adjustment in production capacity [2][12] - Recommended stocks in the swine sector include Muyuan Foods, WH Group, and others, with a focus on companies that show significant cost improvements and high future output elasticity [2][12]