关于回购股份进展情况的公告 证券代码：002458 证券简称：益生股份 公告编号：2025-081 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 1 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 5 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《关于以集 ...

权益分派实施公告 证券代码：002458 证券简称：益生股份 公告编号：2025-079 山东益生种畜禽股份有限公司 2025 年半年度权益分派实施公告 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。 特别提示： 1、山东益生种畜禽股份有限公司（以下简称"公司"）2025 年 半年度权益分派方案为：以实施权益分派股权登记日的公司总股本 1,106,412,915股扣除已回购股份21,681,600股后的1,084,731,315 股为基数，向全体股东每 10 股派发现金红利人民币 1.50 元（含税）， 共派发人民币 162,709,697.25 元，不送股且不进行资本公积金转增 股本。 2、根据《公司法》《上市公司股份回购规则》的有关规定，公司 通过回购专用证券账户持有的本公司股份不享有参与本次利润分配 的权利，本次权益分派实施后，计算除权除息价格时，按股权登记日 的公司总股本折算每 10 股现金分红金额=实际现金分红总额÷股权 登记日的总股 本×10=162,709,697.25 元÷1,106,412,915 股× 10=1.470605 元，即每 10 ...

Investment Rating - The investment rating for the agriculture, forestry, animal husbandry, and fishery industry is "Positive" (maintained) [3] Core Viewpoints - The swine industry is experiencing high-quality development with significant policy transformations aimed at protecting farmers' rights and stimulating enterprise innovation. Future growth stocks will likely focus on technological content and innovative models that balance farmer interests [4][12] - The overall profitability of listed pig companies has significantly increased due to a stable pig price year-on-year and a substantial decrease in costs. Although pig prices may face pressure in the second half of the year, the trend of improving efficiency suggests that profitability will remain strong [4][12] - The poultry sector is facing a persistent contradiction of "high capacity, weak consumption," leading to losses that force breeding farms to reduce capacity. Integrated enterprises and contract farming are expected to gain market share [5][13] - The feed sector is recommended to focus on Hai Da Group, which is expected to see growth due to improved management and increased capacity utilization [6][14] - The pet industry is witnessing a concentration of market share among leading brands, with potential growth opportunities for mid-tier brands. The impact of tariffs on exports is expected to diminish over time [7][16] - The agricultural sector is closely monitoring the effects of US-China trade negotiations, with expectations of tightening soybean supply and potential price increases for soybean meal [8][17] Summary by Sections 1. Swine - Latest pig price is 13.70 CNY/kg (down 0.01 CNY/kg month-on-month), with an average slaughter weight of 127.83 kg (down 0.15 kg month-on-month) and a price of 445 CNY for 15 kg piglets (down 18 CNY month-on-month). Short-term price declines may be due to policy-driven weight reductions [3][12] - The industry is undergoing profound policy transformations, focusing on protecting farmers' rights and stimulating innovation. Companies with cost advantages and strong connections with farmers are expected to enjoy excess profits and valuation premiums [4][12][13] 2. Poultry - As of September 1, the price of chicken seedlings in Yantai is 3.45 CNY/piece (down 5.5% month-on-month) and the price of broiler chickens is 3.55 CNY/kg (down 1.39% month-on-month) [5][13] - The white feather chicken industry is facing ongoing challenges of high capacity and weak consumption, leading to a reduction in breeding capacity among chicken farms [5][13] 3. Feed - The feed sector is recommended to focus on Hai Da Group, which is expected to benefit from industry recovery and improved management effects [6][14] 4. Pets - The pet industry is characterized by a stable four-brand dominance, with increasing concentration expected. The impact of tariffs on exports is anticipated to lessen, and leading companies are expected to maintain high growth rates [7][16] 5. Agricultural Products - The agricultural sector is closely watching the impact of US-China trade negotiations, with expectations of tightening soybean supply and potential price increases for soybean meal [8][17] 6. Market and Price Situation - The Shanghai and Shenzhen 300 Index closed at 4497, up 2.71% from the previous week, while the agriculture, forestry, animal husbandry, and fishery index closed at 3001, up 2.02% [18][21]

Group 1 - The company, Yisheng Co., Ltd. (002458.SZ), has completed its employee stock ownership plan as of the announcement date [1] - The stock purchase occurred on September 1, 2025, through a secondary market bidding transaction [1] - A total of 711,200 shares were purchased, representing 0.064% of the company's total share capital [1] Group 2 - The average transaction price for the shares was 8.844 yuan per share [1] - The total transaction amount, including transaction fees, was 6,290,183.71 yuan [1]

格隆汇9月1日丨益生股份(002458.SZ)公布，截至本公告披露日，公司本次员工持股计划已完成股票购 买，购买时间为2025年9月1日，购买方式为二级市场竞价交易方式，购买数量为711,200股，占公司总 股本的0.064%，成交均价为8.844元/股，成交总金额为6,290,183.71元（含交易费用）。 ...

关于 2025 年员工持股计划完成股票购买的公告 一、本次员工持股计划的购买情况 证券代码：002458 证券简称：益生股份 公告编号：2025-078 山东益生种畜禽股份有限公司 关于2025 年员工持股计划完成股票购买的公告 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"）第六届董事 会第三十一次会议和 2025 年第一次临时股东会审议通过了公司 《<2025 年员工持股计划（草案）>及摘要》等员工持股计划相关议 案，同意公司实施 2025 年员工持股计划（以下简称"本次员工持股 计划"），具体内容详见 2025 年 8 月 1 日及 2025 年 8 月 19 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）上披露的相关公告。 根据《关于上市公司实施员工持股计划试点的指导意见》和《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》相关要求，现将本次员工持股计划实施进展情况公告如下： 截至本公告披露日，公司本次员工持股计划 ...

Investment Rating - The report indicates a positive outlook for the agriculture, forestry, animal husbandry, and fishery sectors, with a focus on improving profitability driven by declining feed costs and increased production scale [1][11]. Core Insights - The overall agricultural sector has seen a revenue increase of 6.12% year-on-year in H1 2025, reaching 614.8 billion yuan, with a significant profit increase of 198% to 27 billion yuan, primarily due to the recovery of the pig farming sector [1][11]. - The pig farming sector is experiencing a seasonal price decline, yet remains profitable due to reduced feed costs and increased production efficiency [2][28]. - The poultry farming sector has shown mixed performance, with revenue slightly declining by 0.29% in H1 2025, but net profit improved by 6.43% due to lower costs [3][21]. - The seed sector reported a revenue increase of 5.05% in H1 2025, although net profit turned negative, indicating challenges in seed sales due to falling grain prices [4][21]. Summary by Sections Industry Overview - Feed prices have been on a downward trend, improving overall farming costs. Pig prices have remained stable year-on-year, while poultry prices have been low but profitable across the supply chain. The agricultural product supply-demand balance is easing, with major product prices at low levels [1][11]. - In H1 2025, the sector achieved revenues of 614.8 billion yuan and net profits of 27 billion yuan, with significant contributions from the pig farming sector [1][11]. Pig Farming - In 2024, pig supply is expected to decrease, with prices showing seasonal trends. Despite a decline in prices post-October, the sector remains profitable. In Q1 2025, the average price was 15.01 yuan/kg, up 3.90% year-on-year, while Q2 saw a price drop to 14.56 yuan/kg, down 10.94% year-on-year [2][28]. - The pig farming sector generated revenues of 248.6 billion yuan in H1 2025, a 15.67% increase, with net profits soaring by 1551% to 17.1 billion yuan [2][28]. Poultry Farming - The poultry sector's revenue in H1 2025 was 33.7 billion yuan, a slight decline of 0.29%, but net profit increased by 6.43% to 1 billion yuan due to lower costs [3][21]. - The white feather chicken segment remains stable despite low prices, while the yellow feather chicken segment is recovering from previous losses [3][21]. Seed Sector - The seed sector reported revenues of 8.87 billion yuan in H1 2025, a 5.05% increase, but net profit turned negative, indicating challenges in the market [4][21].

Group 1: Company Overview - Shandong Yisheng Livestock and Poultry Breeding Co., Ltd. was established on April 22, 1997, and listed on August 10, 2010. The company is located at No. 1 Yisheng Road, Fushan District, Yantai City, Shandong Province [2] - The main business activities include breeding and sales of various generations of meat chickens, breeding and sales of pigs, production and sales of agricultural and livestock equipment, feed production, dairy farming, and organic fertilizer production [2] - The revenue composition is as follows: chicken income accounts for 76.18%, pig income 15.47%, livestock equipment income 5.48%, dairy income 1.72%, and other income 1.14% [2] Group 2: Financial Performance - For the first half of 2025, the company achieved an operating income of 1.321 billion yuan, a year-on-year decrease of 3.98%. The net profit attributable to the parent company was 6.1551 million yuan, down 96.64% year-on-year [2] - As of June 30, 2025, the number of shareholders was 48,000, an increase of 3.00% compared to the previous period, while the average circulating shares per person decreased by 2.91% to 15,601 shares [2] Group 3: Market Activity - On August 29, 2023, the company's stock price fell by 0.34%, with a trading volume of 74.639 million yuan. The financing buy-in amount was 11.0174 million yuan, while the financing repayment was 15.3102 million yuan, resulting in a net financing buy-in of -4.2929 million yuan [1] - The total financing and securities lending balance as of August 29, 2023, was 574 million yuan, with the financing balance accounting for 6.10% of the circulating market value, indicating a high level compared to the past year [1] - The company had a securities lending repayment of 38,400 shares and a securities lending sell amount of 200 shares on August 29, 2023, with a remaining securities lending balance of 158,100 shares, which is below the 40th percentile level over the past year [1] Group 4: Dividend and Shareholding - Since its A-share listing, the company has distributed a total of 1.529 billion yuan in dividends, with 439 million yuan distributed in the last three years [3] - As of June 30, 2025, the eighth largest circulating shareholder was the Guotai CSI Livestock Breeding ETF, holding 9.4508 million shares, an increase of 1.664 million shares compared to the previous period [3]

Group 1 - A-share companies have announced over 800 mid-term cash dividend plans, setting a historical record, with total cash dividends exceeding 639 billion yuan and a cash dividend ratio of 21.36% of total net profits [1] - The banking sector leads in dividend scale, with an expected mid-term cash dividend of 237.54 billion yuan in 2025, followed by industries such as oil and petrochemicals, telecommunications, non-bank financials, coal, and transportation [1] Group 2 - Major companies like China Mobile and Industrial and Commercial Bank of China have cash dividends exceeding 50 billion yuan, while over 20 companies, including Chang'an Automobile and Hengli Petrochemical, are initiating mid-term dividends for the first time [3] - In terms of cash dividend ratios, companies like Shuoshi Biology and Yisheng Shares have exceptionally high ratios, with Shuoshi Biology proposing a cash dividend of 34 yuan per 10 shares, resulting in a cash dividend ratio of 7142.28% [3] - Institutional investors show a clear preference for high dividend yields, with Dongfang Yuhong leading at a yield of 7.87%, and several other companies also exceeding 5% [3][4] Group 3 - Among stocks with dividend yields over 2%, six companies, including Bingchuan Network and Jinneng Technology, reported net profit growth exceeding 50% in the first half of the year [4] - Bingchuan Network achieved a net profit of 336 million yuan, marking a turnaround, with a mid-term dividend yield of 2.3% [4]

Investment Rating - The industry investment rating is "Recommended" with an expectation that the industry index will exceed the benchmark index by more than 5% in the next 3-6 months [53]. Core Insights - The report indicates that the prices of broilers and chicks have reached a bottom and are beginning to rebound, although the losses in the breeding sector have widened [1][2]. - In July, the loss from broiler farming was 2.59 yuan per bird, and the loss from hatcheries was 0.23 yuan per bird, both showing an increase in loss compared to previous months [2][43]. - The report highlights a recovery in chick prices after hitting a low of 0.73 yuan per chick, with a subsequent increase of 0.10 yuan per chick over 15 days due to supply shortages and rising broiler prices [8][11]. Industry Overview - The total market capitalization of the industry is approximately 1,331.25 billion yuan, with 101 listed companies [3]. - The absolute performance of the industry over the past month is 3.5%, with a relative performance of 3.9% [4]. Price Trends - The average price of white feather broilers in July was 3.21 yuan per kg, reflecting a year-on-year decrease of 12.30% and a month-on-month decrease of 8.55% [11]. - The average price of chicken products was 8535.88 yuan per ton, down 8.94% year-on-year and 3.04% month-on-month [11]. Sales Performance - In July, the sales volume of broiler meat for Shengnong Development was 15.87 million tons, up 22.83% year-on-year, while the sales volume for Xiantan Co. was 5.96 million tons, up 31.28% year-on-year [19][28]. - The sales revenue for Yisheng Co. in July was 1.01 billion yuan, down 46.39% year-on-year, while Shengnong Development's chicken meat sales revenue was 14.90 billion yuan, up 14.44% year-on-year [14][15]. Production Capacity - The average stock of grandparent stock chickens in July 2025 was 1.4 million sets, an increase of 7.3% year-on-year, while the stock of backup grandparent stock chickens decreased by 8.5% year-on-year [32][33]. - The average price of parent stock chicks in July was 47.66 yuan per set, with a slight decrease to 47.21 yuan per set in the latest week [35][37].