监事会决议公告 山东益生种畜禽股份有限公司 第六届监事会第二十次会议 决议公告 本公司及监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、监事会会议召开情况 2025 年 03 月 26 日，山东益生种畜禽股份有限公司（以下简称 "公司"）第六届监事会第二十次会议在公司会议室以现场方式召开。 会议通知已于 2025 年 03 月 15 日通过通讯方式送达给监事。会议应 到监事三人，实到监事三人，会议由监事会主席任升浩先生主持。 证券代码：002458 证券简称：益生股份 公告编号：2025-021 会议召开符合《公司法》等法律、法规及《公司章程》的有关规 定。 二、监事会会议审议情况 本次会议经投票表决方式，通过决议如下： 1、审议通过《2024 年年度报告及摘要》。 《2024 年年度报告》全文刊登于巨潮资讯网（www.cninfo.com.cn）。 《2024 年年度报告摘要》刊登于《中国证券报》《上海证券报》 《证券时报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）。 本议案需提请股东大会审议。 2、审议通过《2024 年度监事会工作报告》 ...

董事会决议公告 证券代码：002458 证券简称：益生股份 公告编号：2025-020 山东益生种畜禽股份有限公司 第六届董事会第二十七次会议 一、董事会会议召开情况 2025 年 03 月 26 日，山东益生种畜禽股份有限公司（以下简称 "公司"）第六届董事会第二十七次会议在公司会议室以现场方式召 开。会议通知已于 2025 年 03 月 15 日通过通讯方式及书面方式送达 给董事、监事、高级管理人员。会议应到董事七人，实际出席董事七 人，会议由董事长曹积生先生主持，公司监事、高级管理人员列席会 议。 会议召开符合《公司法》等法律、法规及《公司章程》的有关规 定。 二、董事会会议审议情况 本次会议经记名投票方式表决，通过决议如下： 1、审议通过《2024 年年度报告及摘要》。 表决情况：7 票同意，0 票反对，0 票弃权。 《2024 年年度报告》全文刊登于巨潮资讯网（www.cninfo.com.cn）。 《2024年年度报告摘要》刊登于《中国证券报》《上海证券报》 《证券时报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）。 决议公告 本公司及董事会全体成员保证信息披露内容真实、准确和完 ...

关于 2024 年度利润分配预案的公告 证券代码：002458 证券简称：益生股份 公告编号：2025-027 山东益生种畜禽股份有限公司 关于 2024 年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内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、审议程序 山东益生种畜禽股份有限公司（以下简称"公司"）于 2025 年 03 月 26 日召开第六届董事会第二十七次会议，会议以 7 票同意、0 票 反对、0 票弃权的表决结果审议通过了《2024 年度利润分配预案》。 本议案尚需提交股东大会审议。 二、2024 年度利润分配预案的基本情况 1、分配基准：2024 年度。 2、根据和信会计师事务所（特殊普通合伙）出具的标准无保留 意见审计报告，公司 2024 年度实现归属于上市公司股东的净利润 503,823,356.22 元，提取法定盈余公积 34,716,719.61 元，提取任意 公积金 0 元，弥补亏损 0 元，截至 2024 年 12 月 31 日，公司合并财 务报表中可供分配的利润为 1,572,689,962.77 元，母公司财务报表 中可供分配的利润为 1,391,2 ...

Financial Performance - The company's operating revenue for 2024 was ¥3,135,825,731.09, a decrease of 2.76% compared to ¥3,224,676,928.89 in 2023[26]. - The net profit attributable to shareholders for 2024 was ¥503,823,356.22, down 6.84% from ¥540,793,818.23 in 2023[26]. - The cash flow from operating activities for 2024 was ¥753,364,847.56, representing a decline of 24.95% compared to ¥1,003,825,529.92 in 2023[26]. - Basic earnings per share for 2024 were ¥0.46, a decrease of 14.81% from ¥0.54 in 2023[26]. - The company reported a weighted average return on equity of 11.26% for 2024, down from 17.41% in 2023, a decrease of 6.15 percentage points[26]. - The company achieved a revenue of 3.136 billion yuan and a net profit of 504 million yuan during the reporting period[80]. - Chicken revenue accounted for 86.00% of total revenue, decreasing by 9.50% year-over-year, while pig revenue surged by 320.39% to CNY 223,653,805.93, representing 7.13% of total revenue[84]. - The gross margin for chicken revenue was 33.54%, slightly up by 0.28% from the previous year, while pig revenue had a gross margin of only 3.08%[86]. - The company reported a total investment of 910 million in various projects, with a specific focus on the construction of breeding farms and hatcheries[119]. Market and Industry Risks - The company faces risks related to reliance on foreign suppliers for breeding technology, which could impact normal operations if supply is disrupted[5]. - The fluctuation in product prices poses a risk, as market demand and supply can lead to significant price volatility affecting business performance[7]. - The company is exposed to biosecurity risks from poultry diseases, which could adversely affect operations[8]. - The cost of raw materials, particularly feed ingredients like corn and soybean meal, significantly impacts production costs and is subject to market fluctuations[9]. - The company emphasizes the importance of maintaining a robust supply chain to mitigate risks associated with raw material procurement[9]. - The company's future plans and strategic developments are subject to market risks and should be approached with caution by investors[5]. Production and Operations - The company is positioned in the poultry industry, specifically in the breeding of white feather broilers, which is crucial for national food security[34]. - The company has established breeding farms in seven provinces, becoming the largest supplier of white feather chicken seedlings in China[46]. - The company has established a breeding base for the "Yisheng 909" broiler chicken variety, which is well-received in the market due to its excellent production performance and adaptability[47]. - The company has implemented a comprehensive purification strategy for poultry diseases, becoming the first in China to be certified as a "Poultry Leukemia Purification Demonstration Farm"[48]. - The company has established a modern automated pig farming system, enhancing production efficiency and management[79]. - The company has established a high-standard breeding system for pigs, collaborating with top international genetic breeding companies[79]. - The company has launched the "Yisheng 909" small white feather broiler upgrade project to improve production performance metrics[82]. Research and Development - The company is actively involved in various research projects to enhance breeding technology and improve the quality of livestock products[82]. - Research and development expenses increased by 13.98% to ¥126,311,980.66 compared to the previous year[98]. - The company is focusing on enhancing research and development investments to optimize the breeding system and improve the performance of white feather broilers and breeding pigs[131]. - The company is developing new technologies for disease prevention in poultry, which is expected to enhance product quality and performance[99]. - The company has increased its R&D personnel to 131, a growth of 3.97% compared to 126 in 2023[101]. - R&D investment amounted to ¥127,969,762.36, representing an 8.81% increase from ¥117,609,133.88 in 2023, with R&D expenditure accounting for 4.08% of operating revenue[101]. Corporate Governance - The company adheres to legal regulations and has improved its corporate governance structure[139]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal requirements[140]. - The company maintains independence from its controlling shareholder in operations, finance, and management[139]. - The company has established a dedicated internal audit department to ensure the authenticity and completeness of financial information and internal control systems[144]. - The company has a complete and independent procurement, production, sales, and R&D system, allowing it to operate independently in the market[143]. - The company has implemented various internal control measures to prevent significant deficiencies in governance[186]. Shareholder Relations and Dividends - The company reported a cash dividend of 1 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[9]. - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling RMB 221,282,583.00 (including tax) for the 2023 fiscal year[172]. - The total cash dividend distributed, including other methods, amounts to RMB 336,935,182.87, which represents 100% of the total distributable profit of RMB 1,391,201,299.30[175]. - The company’s independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[174]. - The company has provided opportunities for minority shareholders to express their opinions and protect their legal rights[174]. Community Engagement and Social Responsibility - The company actively participated in social responsibility initiatives, contributing over 400,000 yuan to local community projects in 2024[195]. - The company provided technical training to 603 personnel in the poultry industry, enhancing local farming practices[196]. - The company established a model for integrated farming, combining poultry raising with waste management and crop planting, contributing to rural revitalization[196]. - The company has successfully implemented various community support projects, including road construction and school repairs, to aid local residents[195]. Strategic Partnerships and Acquisitions - The company has established long-term strategic partnerships with major foreign breeding suppliers for its breeding stock procurement[68]. - The company completed the acquisition of a 100% stake in Chengke Construction (Qingdao) Co., Ltd. in December 2023[91]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach[153]. Future Outlook - The company provided a positive outlook, projecting a revenue growth of 10% for the next fiscal year[153]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[153]. - The company plans to enhance its digital marketing efforts, aiming for a 40% increase in online sales[153]. - The company plans to continue expanding its poultry farming projects, reflecting a strategic shift in resource allocation[164].

白羽肉鸡价格短期有所回升 投资要点： 2025 年 3 月 14 日 S0340513040002 电话：0769-22119462 邮箱：whm2@dgzq.com.cn 分析师：黄冬祎 行 业 超配（维持） 农林牧渔行业双周报（2025/2/28-2025/3/13） | 1.行情回顾 | | 3 | | | --- | --- | --- | --- | | 1.1 | SW | 农林牧渔行业跑赢沪深 300 指数 | 3 | | 1.2 | | 多数细分板块录得正收益 | 3 | | 1.3 | | 过半个股录得正收益 | 3 | | 1.4 | 估值 | | 4 | | 2.行业重要数据 | | 4 | | | 3.行业重要资讯 | | 8 | | | 4.公司重要资讯 | | 8 | | | 5.行业周观点 | | 9 | | | 6.风险提示 | | 9 | | | 图 | 1：2025 | 年 2 | 月 | 28 | 日-2025 | 年 | 3 月 | 13 | | 日申万一级行业涨幅（%） | | | 3 | | --- | --- | --- | --- | --- | --- | - ...

销售情况简报 证券代码：002458 证券简称：益生股份 公告编号：2025-018 山东益生种畜禽股份有限公司 2025 年 02 月份鸡苗和种猪销售情况简报 本公司及董事会全体成员保证信息披露内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、2025年02月份销售情况 销售情况简报 2、公司种猪产能逐步释放，故 2025 年 02 月公司种猪销售数量 和销售收入同比大幅增加；受春节假期影响，公司 2025 年 01 月部分 种猪订单推迟到 02 月发货，故公司种猪销售数量和销售收入环比大 幅增加。 三、风险提示 1、鸡苗销售情况 山东益生种畜禽股份有限公司（以下简称"公司"）2025 年 02 月 白羽肉鸡苗销售数量 5,230.88 万只，销售收入 12,357.13 万元，同 比变动分别为 20.11%、-40.30%，环比变动分别为-3.70%、-14.93%。 益生909小型白羽肉鸡苗销售数量877.20万只，销售收入866.76 万元，同比变动分别为16.78%、-18.50%,环比变动分别为16.73%、 3.38%。 2、种猪销售情况 公司2025年02月种猪销售数量5,69 ...

第六届董事会第二十六次会议 决议公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 董事会决议公告 证券代码：002458 证券简称：益生股份 公告编号：2025-017 山东益生种畜禽股份有限公司 为满足公司发展计划和战略实施的资金需要，公司及控股子公司 2025 年度计划向银行等金融机构申请合计总额不超过人民币 450,000.00 万元的综合授信额度。综合授信内容包括但不限于流动 资金贷款、各类商业票据开立及贴现、项目贷款、银行保函、保理、 银行承兑汇票、开立信用证等综合授信业务。上述综合授信额度的申 请期限为自董事会审议通过之日起 1 年，授信额度在授权期限内可循 董事会决议公告 环使用。公司授权董事长曹积生先生根据银行授信落实情况和公司资 金需要情况，在上述综合授信额度内具体办理贷款事宜，代表公司签 署上述授信额度内，与授信（包括但不限于授信、借款、担保、抵押、 融资等）相关的合同、协议、凭证等各项法律文件，并可根据融资成 本及各银行资信状况具体选择商业银行等金融机构。由此产生的法律、 经济责任全部由本公司承担。 三、备查文件 一、董事会会议召开情况 ...

证券代码：002458 证券简称：益生股份 公告编号：2025-016 关于回购股份进展情况的公告 山东益生种畜禽股份有限公司 关于回购股份进展情况的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 山东益生种畜禽股份有限公司（以下简称"公司"）于 2024 年 11 月 01 日召开第六届董事会第二十三次会议，审议通过了《关于以 集中竞价交易方式回购公司股份方案的议案》，同意公司使用银行专 项贷款资金及自有资金以集中竞价交易方式回购公司部分已发行的 人民币普通股（A 股），本次回购股份将用于实施员工持股计划，回购 股份的资金总额不低于人民币 10,000 万元（含），不超过人民币 20,000 万元（含），回购股份的价格不超过人民币 12.00 元/股（含）， 具体回购股份的数量以回购期限届满或回购完毕时实际回购的股份 数量为准，实施期限为董事会审议通过回购股份方案之日起 12 个月 内。具体内容详见 2024 年 11 月 05 日公司刊登于《中国证券报》《上 海证券报》《证券时报》《证券日报》和巨潮资讯网（www.cninfo.com.cn） 的《关于 ...

Financial Performance - Total revenue for 2024 was approximately CNY 3.14 billion, a decrease of 2.76% compared to the previous year[5] - Operating profit decreased by 7.05% to CNY 511.73 million, while total profit decreased by 6.17% to CNY 509.66 million[5] - Net profit attributable to shareholders was CNY 511.84 million, down 5.35% year-on-year[5] Asset and Equity Changes - The company's total assets increased by 14.49% to CNY 7.53 billion, and equity attributable to shareholders rose by 1.20% to CNY 4.47 billion[5] - The average return on equity decreased to 11.43% from 17.41% in the previous year, reflecting a decline of 5.98%[5] Operational Strategies - The company implemented cost control measures and improved production efficiency, contributing to stable operational performance despite a decline in sales volume of parent and commercial broiler chicks[6] Segment Performance - The price of parent broiler chicks remained high, but revenue and net profit from this segment decreased due to lower sales volume[6] - The commercial broiler chick prices increased year-on-year, leading to a slight decline in revenue but an increase in net profit for this segment[6] - The pig breeding business began to scale up, contributing to increased revenue from the pork segment[6] Earnings Forecast - The company did not provide prior earnings forecasts for 2024, indicating no discrepancies with previous estimates[7]

Summary of the Conference Call for Yisheng Co., Ltd. Company Overview - Yisheng Co., Ltd. is the largest white feather broiler breeding enterprise in China, established in 1989. The company primarily engages in the sales of parent stock and commercial broiler chicks, as well as pig breeding operations. It holds approximately one-third of the market share in the imported white feather broiler market in China [3][4]. Key Business Insights - The white feather broiler chick business is the main source of revenue and profit for Yisheng, contributing 80% to 93% of total revenue in the first half of 2024 [2][5]. - In the first half of 2024, the company achieved a gross profit of 380 million yuan, with the white feather chick business contributing 360 million yuan [5]. - The average price of parent stock chicks has been rising since May 2024, with a year-on-year increase of 57% in the fifth week of 2025 [3][7]. Market Dynamics - The price of broiler chicks is influenced by multiple factors, including the quantity of parent stock updates, overseas breeding imports, and downstream demand. The update quantity for parent stock is expected to reach 1.5 million sets in 2024, the highest since 2014 [6]. - The domestic white feather broiler output and apparent consumption have been steadily increasing, with slaughter demand rising while upstream supply growth remains relatively small, leading to profit concentration in the hatching segment [11]. Industry Challenges and Opportunities - High pathogenic avian influenza has hindered international breeding imports, which is expected to benefit the domestic white feather broiler industry chain prices in the medium to long term [12]. - The introduction of slow feather parent stock has resulted in higher egg production rates compared to fast feather parent stock, a trend expected to continue until mid-2025 [10]. Financial Projections - For 2025, Yisheng's parent stock chick sales are projected at 12 million sets, with expected sales prices of 40 yuan/set, increasing to 45 yuan/set in 2026. The commercial chick sales are anticipated to reach 650 million yuan in both 2025 and 2026 [18]. - The net profit for 2025 is estimated to be around 1.38 billion yuan, with a projection of 1.439 billion yuan for 2026 [19]. Pig Breeding Business - Yisheng has over 20 years of experience in pig breeding, with a significant increase in breeding stock sales from 2,000 heads in 2021 to 30,000 heads in 2024, and a planned total output of 150,000 heads in 2025 [16]. - The company plans to expand its market through direct sales and distribution channels, targeting large-scale breeding farms [16]. Conclusion - Yisheng Co., Ltd. is positioned for continued growth in the white feather broiler market, with strong revenue contributions from its chick sales and a growing pig breeding business. The company is expected to navigate industry challenges effectively while capitalizing on market opportunities.