Financial Performance - The company's operating revenue for 2024 was ¥28,766,965,640.91, a decrease of 13.85% compared to ¥33,390,129,865.04 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥345,772,740.55, representing a significant increase of 115.91% from a loss of ¥2,173,885,940.88 in 2023[6]. - The net profit after deducting non-recurring gains and losses was ¥220,590,217.02, up 111.02% from a loss of ¥2,001,948,668.71 in 2023[6]. - The net cash flow from operating activities reached ¥2,482,963,911.92, a remarkable increase of 912.10% compared to ¥245,327,637.61 in 2023[6]. - The basic earnings per share for 2024 was ¥0.08, compared to a loss of ¥0.53 in 2023, marking a 115.09% improvement[6]. - The company's total revenue for 2024 was approximately ¥28.77 billion, a decrease of 13.85% compared to ¥33.39 billion in 2023[81]. - Feed and veterinary products accounted for 67.30% of total revenue in 2024, down from 72.85% in 2023, with revenue of ¥19.36 billion, a decline of 20.41% year-over-year[81]. - The revenue from pig farming products increased by 10.10% to ¥6.28 billion in 2024, compared to ¥5.70 billion in 2023, representing 21.82% of total revenue[81]. - Seed and plant protection products generated revenue of ¥1.65 billion in 2024, a 2.90% increase from ¥1.60 billion in 2023, accounting for 5.73% of total revenue[81]. Business Operations - The company reported a significant reliance on feed business, with raw material prices being highly volatile due to global agricultural market fluctuations, impacting feed and breeding costs[7]. - The company has maintained its core business without significant changes since its listing, ensuring stability in operations[24]. - The company operates in the agricultural technology sector, focusing on crop and animal sciences, with an emphasis on seed industry and bio-breeding[35]. - The company has established partnerships with over 200 seed enterprises to enhance the rapid transformation of scientific achievements in agriculture[48]. - The company has established a biotechnology innovation laboratory and a haploid breeding platform, achieving a comprehensive industry chain layout in seed industry from resource exploration to product development[49]. - The company has created over 20 new protein feed raw materials and over 20 new compound feed products as part of a national key R&D project[60]. - The company has established a comprehensive service ecosystem for seed production, providing services from pre-planting to post-harvest[77]. - The company has established a comprehensive pig breeding system covering 22 provinces and over 2,000 cooperative ecological farms[63]. - The company emphasizes a "self-breeding and self-raising" model and a "company + ecological farm" model to enhance the quality of pig farming[64]. Market Trends and Challenges - The cyclical nature of pig prices affects the company's gross margins, with potential adverse impacts on operational stability if pork prices fluctuate significantly[10]. - The company faces health risks in pig farming, including diseases that can unpredictably lower pig production and feed demand, potentially leading to reduced sales volumes[8]. - The company faces risks from fluctuations in feed raw material prices, which could impact feed and farming costs due to global agricultural market volatility[143]. - Increased competition in the seed market necessitates continuous innovation and market expansion to maintain competitive advantages[146]. - The company is focusing on large-scale farming and cost reduction strategies to improve market competitiveness and manage price volatility[145]. Research and Development - The company aims to enhance its innovation and competitiveness by focusing on key agricultural technologies and improving the entire industry chain[70]. - The company is committed to building a sustainable pig farming ecosystem that integrates culture, management, technology, and supply chain[64]. - The company is developing new products and technologies, including high-yield soybean varieties and protein feed alternatives, to enhance market competitiveness and economic efficiency[93]. - The company has a strategic focus on innovation and collaboration within the agricultural technology ecosystem[175]. - The company has a strong leadership team with diverse educational backgrounds and extensive experience in the agricultural industry[175]. Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[158]. - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, and finance, ensuring a complete supply, production, and sales system[163]. - The company adheres to strict information disclosure practices, ensuring timely and accurate reporting without regulatory penalties during the reporting period[161]. - The company has a complete organizational structure with clear responsibilities and checks and balances, ensuring effective governance without interference from controlling shareholders[168]. - The company has established several subsidiaries to strengthen its operational capabilities and market reach[175]. Financial Management - The company raised a total of RMB 699,999,998.22 through a specific stock issuance, with a net amount of RMB 692,605,517.86 after deducting issuance costs[121]. - The company approved a proposal for the acquisition of a stake in Jiamusi Longjing Seed Industry Co., Ltd. during the board meeting on January 30, 2024[192]. - The company plans to provide guarantees for its affiliated companies and has approved related transactions in multiple board meetings throughout 2024[192]. - The company has implemented a management system for commodity futures hedging, clearly defining operational guidelines and risk management protocols[117]. - The company has not identified any risks during the supervisory activities of the supervisory board in the reporting period[199].

2024 年 12 月 31 日 内部控制审计报告 内部控制审计报告 北京大北农科技集团股份有限公司 XYZH/2025CDAA4B0268 北京大北农科技集团股份有限公司 北京大北农科技集团股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计 了北京大北农科技集团股份有限公司（以下简称大北农公司）2024 年 12 月 31 日财务报 告内部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》 、《企业内部控制应用指引》 、《企业内部控制评 价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是大北农公司董事会 的责任。 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意 见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、 内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的 变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控 制审计结果推测未来内部控制的有效性具有一定风险。 中国注册会计师： 中国 北京 二〇二五年 ...

北京大北农科技集团股份有限公司 2024 年度 非经营性资金占用及其他关联资金往来的 专项说明 | 索引 | 页码 | | --- | --- | | 专项说明 | 1-2 | | 非经营性资金占用及其他关联资金往来情况汇总表 | 1-4 | 关于北京大北农科技集团股份有限公司 2024 年度非经营性资金占用及其他关联资金往来的专项说明 北京大北农科技集团股份有限公司 北京大北农科技集团股份有限公司全体股东： 我们按照中国注册会计师审计准则审计了北京大北农科技集团股份有限公司（以下 简称"大北农公司"）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产 负债表、2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股 东 权 益 变 动 表 以 及 财 务 报 表 附 注 ， 并 于 2025 年 4 月 23 日 出 具 了 XYZH/2025CDAA4B0263 号无保留意见的审计报告。 根据中国证券监督管理委员会《上市公司监管指引第 8 号——上市公司资金往来、 对外担保的监管要求》（证监会公告[2022]26 号），以及深圳证券交易所相关披露的要求， 大 ...

今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | 供销社 | 3.93 | 中国AI 50 | -2.09 | | 跨境支付(CIPS) | 3.65 | 人形机器人 | -1.59 | | 草甘膦 | 3.57 | 英伟达概念 | -1.48 | | 中韩自贸区 | 3.16 | 同花顺果指数 | -1.38 | | 自由贸易港 | 3.05 | 算力租赁 | -1.32 | | 统一大市场 | 2.74 | 液冷服务器 | -1.28 | | 数字货币 | 2.63 | 华为手机 | -1.22 | | 转基因 | 2.62 | AI手机 | -1.21 | | 信托概念 | 2.33 | MLOps概念 | -1.21 | | 电子身份证 | 2.04 | 太赫兹 | -1.21 | 资金面上看，今日转基因概念板块获主力资金净流入0.60亿元，其中，7股获主力资金净流入，5股主力 资金净流入超千万元，净流入资金居首的是神农种业，今日主力资金净流入8224.06万元，净流入资金 居前的还有大北农、敦煌种业、 ...

【SynBioCon】 获 悉，2025年4月19-20日，中国（海南）自由贸易试验区、国家全面深化改革开放试验区、国家生态文明试验区的重要城市三亚迎 来了一场盛会——生物经济50人论坛（三亚）。这场由深圳市华谷致远生物科技与产业研究院（下称"华谷研究院"）主办，招商三亚深海科技城开发有 限公司承办的论坛，在崖州湾科技城盛大开幕。 本次论坛以"海洋生物制造：重塑未来产业格局"为主题，不仅汇聚了国内200多位顶尖的"产、学、研、投、用"各界领导和专家，更搭建了为产业创新 发展提供战略思路与实践方案的高端平台。相信必将有力推动我国生物经济再上新台阶。 4月19日下午，论坛的预热会议——生物制造产业联盟第三次理事会率先召开，包括理事长单位、副理事长单位、理事单位以及特邀嘉宾在内共计50多 位代表参加。 会上重点围绕工信部国家生物制造业创新中心的建设问题展开讨论 ；会议期间还全面总结2024年联盟工作，并就 生物经济的形势、相 关政策、企业关注的重大问题 等进行深入探讨。 论坛的重要议程之一是 华谷研究院正式发布 2024生物制造产业蓝皮书 。这是华谷研究院联合国内相关机构，专门针对生物制造产业编撰的系统性报 告。该 ...

Core Viewpoint - The A-share market showed mixed results with the CSI All Share Agricultural, Animal Husbandry, and Fishery Index declining by 0.28% to 9374.54 points, while it has seen a 4.86% increase over the past month, a 9.32% increase over the past three months, and a 4.76% increase year-to-date [1] Group 1: Index Performance - The CSI All Share Agricultural, Animal Husbandry, and Fishery Index has a base date of December 31, 2004, with a base point of 1000.0 [1] - The index is categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [1] Group 2: Index Holdings - The top ten weighted stocks in the index are: Muyuan Foods (15.32%), Wens Foodstuff Group (15.08%), Haida Group (9.14%), New Hope Liuhe (4.71%), Meihua Holdings (4.46%), Dabeinong Technology Group (3.03%), Beidahuang Group (2.36%), Longping High-Tech (2.35%), Shennong Development (2.19%), and Hainan Rubber (1.62%) [1] - The market share of the index holdings is 73.19% from the Shenzhen Stock Exchange and 26.81% from the Shanghai Stock Exchange [1] Group 3: Sample Adjustments - The index sample is adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with temporary adjustments made in case of special events affecting the sample companies [2] Group 4: Related Funds - Public funds tracking the agricultural, animal husbandry, and fishery sectors include Huabao CSI All Share Agricultural, Animal Husbandry, and Fishery A and C [3]

Group 1 - The A-share transgenic sector has experienced a short-term decline, with Batian Co., Ltd. falling over 9% [1] - Other companies such as Qiule Seed Industry, Yingtai Biological, ChuanYin High-Tech, and Dabeinong also saw declines [1]

Investment Rating - The investment rating for the agriculture, forestry, animal husbandry, and fishery industry is "Positive" (maintained) [1] Core Insights - The report highlights the potential for increased planting area due to the approval of the third batch of genetically modified crops, which includes 97 corn and 2 soybean varieties [5][15] - The report indicates that domestic companies focusing on high-yield genetically modified soybeans may benefit from reduced overseas supply due to trade tensions between China and the U.S. [6][17] - The report emphasizes the recovery potential in the pig farming sector, with rising prices supported by increased demand and reduced imports of meat [20][26] Summary by Sections Weekly Observation - The third batch of genetically modified crops has been approved, which is expected to increase the planting area significantly, with projections suggesting that the planting area for genetically modified corn may exceed 5 million acres by 2025 [5][15] - The approval of genetically modified crops aligns with national policies aimed at strengthening food security and promoting agricultural innovation [15][35] Weekly Viewpoint - The pig farming sector shows low valuation and recovery potential, with recommendations for companies such as Muyuan Foods and Wens Foodstuffs [26] - The pet food market is expected to grow significantly, driven by rising consumer spending and domestic brands gaining market share [29] Market Performance - The agriculture index outperformed the market by 6.38 percentage points, with significant gains in the planting sector [30][33] - Key stocks such as Western Animal Husbandry and Shennong Technology saw substantial increases in their share prices [34] Price Tracking - As of April 11, the average price of live pigs was 14.66 yuan/kg, reflecting a slight increase from the previous week [37] - The average price of beef also saw an increase, reaching 67.21 yuan/kg [43]

Investment Rating - The report maintains a "Recommended" rating for the industry, indicating a positive outlook for the sector based on the fundamentals [5]. Core Insights - The global corn supply-demand gap continues to widen, with improved export prospects for the U.S. corn market [2][3]. - The report revises global corn production expectations upward, with a projected total of 1.215 billion tons for 2024/25, a decrease of approximately 1.2% year-on-year [2][3]. - Global corn consumption is expected to reach approximately 1.242 billion tons for 2024/25, reflecting a year-on-year increase of about 1.8% [3]. - The global soybean crushing demand is improving, with a projected increase in crushing volume to 355 million tons for 2024/25, up 0.57% from previous estimates [13][14]. - The report indicates a tightening supply-demand balance for wheat, with a revised production estimate of 797 million tons for 2024/25, a decrease of 0.05% from previous estimates [10]. Summary by Sections Corn Market - The USDA report has raised the global corn production forecast for 2024/25 to 1.215 billion tons, a slight increase from previous estimates, despite a year-on-year decline of 1.2% [2][3]. - The global corn import volume is expected to be 182 million tons, an increase of approximately 0.99% from previous estimates, while the export volume is projected at 189 million tons, a decrease of about 1.24% [3]. - The U.S. corn export forecast has been raised to 64.77 million tons, reflecting a competitive pricing advantage [4]. Wheat Market - The global wheat production forecast has been revised down to 797 million tons for 2024/25, with a corresponding decrease in consumption expectations [10]. - The report indicates a narrowing demand gap for wheat, with a projected ending stocks-to-use ratio of 32.4% [10]. Soybean Market - The global soybean production forecast has been slightly reduced to 421 million tons for 2024/25, while the total demand is expected to increase to approximately 411 million tons [13][14]. - The report highlights an improvement in the soybean crushing demand, with a projected increase in crushing volume due to favorable supply conditions [13]. Industry Performance - The industry index shows a strong performance with a 9.2% increase over the past month and a 14.3% increase over the past six months [6]. - The total market capitalization of the industry is reported at 1,072.8 billion, with a circulating market value of 916.2 billion [5].

Investment Rating - Maintain "Add" rating for the agricultural sector [5] Core Views - The report emphasizes the importance of food security and self-sufficiency in agriculture, highlighting the recent issuance of the "Plan for Accelerating the Construction of an Agricultural Powerhouse (2024-2035)" by the Central Committee and the State Council [1][17] - The plan focuses on ensuring stable and safe supply of food and important agricultural products, with a commitment to protect 1.865 billion acres of arable land and 1.546 billion acres of permanent basic farmland [1][17] - The report notes the acceleration of genetically modified (GM) crop approvals, with 99 GM varieties recently passing initial review, indicating a potential increase in GM crop planting and market penetration [2][18] Summary by Sections Agricultural Data Tracking - The average price of lean pigs is 14.56 CNY/kg, down 0.3% from last week, while the average wholesale price of pork is 20.84 CNY/kg, also down 0.3% [21][22] - The average price of white feather chickens is 7.34 CNY/kg, down 0.3%, and the average price of chicken products remains stable at 8.9 CNY/kg [19][35] - The report highlights the potential for investment in companies involved in the commercialization of GM crops, as the approval process is expected to enhance growth prospects for industry players [19] Livestock and Poultry - In pig farming, the report suggests focusing on leading companies with favorable cost-performance ratios, such as Muyuan Foods and Wens Foodstuffs [3][19] - In poultry farming, the report indicates a potential recovery in chicken prices and suggests monitoring seasonal price elasticity opportunities [19] Crop and Agricultural Products - The approval of GM varieties is expected to lead to commercial sales, with the report anticipating positive impacts on industry growth and profitability [19] - The report also notes that fluctuations in agricultural product prices are increasing, with leading feed companies likely to benefit from their scale and supply chain advantages [19]