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].

关于控股股东部分股份解除质押的公告 证券代码：002458 证券简称：益生股份 公告编号：2025-077 山东益生种畜禽股份有限公司 关于控股股东部分股份解除质押的公告 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"）近日接到控股 股东、实际控制人曹积生先生通知，获悉其所持有公司的部分股份办 理了股份解除质押业务，具体事项如下: 一、控股股东股份解除质押情况 | 股东名称 | | 是否为控股股东 或第一大股东及 | 本次解除 质押数量 | 占其所持 | 占公司总 | 质押起始日 | 质押解除日 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 其一致行动人 | （股） | 股份比例 | 股本比例 | | | | | 曹积生 | | 是 | 11,260,000 | 2.49% | 1.02% | 2023 年 9 月 28 日 | 2025 年 8 月 28 日 | 中信银行股份有限 公司青岛分公司 | | 合 | 计 | — ...

Core Viewpoint - Yisheng Co., Ltd. continues to lead the domestic white feather broiler breeding sector by importing a significant number of breeding stock from France, enhancing its market position and supply capabilities [1] Group 1: Company Developments - On August 28, Yisheng Co., Ltd. imported 14,000 sets of breeding stock of the Lihong Zuda white feather broiler chicken from France, marking the second batch of imports for the month and the tenth batch for the year [1] - The imported breeding stock has successfully cleared customs at Beijing Capital International Airport and completed the necessary quarantine procedures [1] Group 2: Market Position - With the latest import, Yisheng Co., Ltd. has achieved a cumulative import volume of 162,000 sets for the year, representing 59% of the total national import volume [1] - The company maintains a dominant position in the domestic white feather broiler breeding supply market, reinforcing its leadership status [1]

Company Overview - Shandong Yisheng Livestock and Poultry Breeding Co., Ltd. is located in Yantai, Shandong Province, established on April 22, 1997, and listed on August 10, 2010 [2] - The company's main business includes breeding and sales of various generations of meat chickens, pig breeding, agricultural equipment production, feed production, dairy farming, and organic fertilizer production [2] - Revenue composition: 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] Financial Performance - For the first half of 2025, the company achieved operating revenue of 1.32 billion yuan, a year-on-year decrease of 3.98% [2] - The net profit attributable to the parent company was 6.16 million yuan, a significant year-on-year decrease of 96.64% [2] - Cumulative cash dividends since the company's A-share listing amount to 1.53 billion yuan, with 439 million yuan distributed in the last three years [3] Shareholder and Market Activity - As of June 30, 2025, the number of shareholders increased to 48,000, up by 3.00% from the previous period [2] - The average circulating shares per person decreased by 2.91% to 15,601 shares [2] - The top ten circulating shareholders include Guotai Zhongzheng Livestock Breeding ETF, which holds 9.45 million shares, an increase of 1.66 million shares from the previous period [3] Financing and Trading Activity - On August 27, the company's stock price fell by 2.81%, with a trading volume of 150 million yuan [1] - The financing buy-in amount for the day was 26.96 million yuan, with a net buy of 5.11 million yuan [1] - The total financing and securities lending balance reached 575 million yuan, with financing balance accounting for 5.99% of the circulating market value, indicating a high level of financing activity [1]