关于部分募集资金投资项目结项并将节余资金永久补充流动资金的公告 山东益生种畜禽股份有限公司 关于部分募集资金投资项目结项 并将节余资金永久补充流动资金的公告 经中国证券监督管理委员会《关于同意山东益生种畜禽股份有限 公司向特定对象发行股票注册的批复》(证监许可〔2023〕1598 号) 同意注册，公司向特定对象发行股票数量为 113,502,935 股，发行价 格为 10.22 元/股，募集资金总额为人民币 1,159,999,995.70 元，扣 除保荐机构部分承销及保荐费用（含增值税）人民币 18,337,999.93 元后的剩余募集资金为人民币 1,141,661,995.77 元，2023 年 11 月 24 日划入公司账户。上述到位募集资金扣除与本次发行相关的保荐 关于部分募集资金投资项目结项并将节余资金永久补充流动资金的公告 证券代码：002458 证券简称：益生股份 公告编号：2025-090 公司及董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。 鉴于山东益生种畜禽股份有限公司（以下简称"公司"）向特定 对象发行股票募集资金投资项目中的"双鸭山益生种猪 ...

关于对外提供担保暨关联交易的公告 证券代码：002458 证券简称：益生股份 公告编号：2025-092 山东益生种畜禽股份有限公司 关于对外提供担保暨关联交易的公告 一、担保情况概述 1、担保基本情况 因经营发展的需要，山东益生种畜禽股份有限公司（以下简称 "公司"）的参股公司北大荒宝泉岭农牧发展有限公司（以下简称 "宝泉岭农牧"）之全资子公司黑龙江北三峡养殖有限公司（以下简 称"北三峡养殖"）拟向黑龙江省交投国际物贸集团有限公司（以下 简称"交投国际物贸集团"）申请额度为人民币5,000.00万元/月授 信，不计息，循环使用。 2、董事会审议情况 公司于2025年10月26日召开第六届董事会第三十二次会议，以6 票同意、0票反对、0票弃权，审议通过了《关于对外提供担保暨关联 交易的议案》。 因公司董事长曹积生先生为宝泉岭农牧董事，根据《深圳证券交 易所股票上市规则》（以下简称"《股票上市规则》"）的相关规定， 公司此次为北三峡养殖提供担保事项构成关联交易。在审议上述议案 时，曹积生先生作为关联人，对本议案回避表决。 根据《股票上市规则》《公司章程》等相关规定，本事项尚需提 交公司股东会审议。 关于对外提供 ...

1、股东会届次：2025 年第二次临时股东会 2、股东会的召集人：董事会 股东会通知 证券代码：002458 证券简称：益生股份 公告编号：2025-091 山东益生种畜禽股份有限公司 关于召开 2025 年第二次临时股东会的通知 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 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：2025 年 11 月 12 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 2025 年 11 月 12 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 2025 年 11 月 12 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 ...

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、董事会会议召开情况 2025年10月26日，山东益生种畜禽股份有限公司（以下简称"公 司"）第六届董事会第三十二次会议在公司会议室以现场与通讯相结 合方式召开。会议通知已于 2025 年 10 月 20 日通过通讯方式及书面 方式送达董事、高级管理人员。会议应出席董事七人，实际出席董事 七人，其中，独立董事战淑萍女士、张平华先生、王楚端先生通过通 讯方式出席会议并行使表决权。会议由董事长曹积生先生召集并主持， 公司高级管理人员列席会议。 董事会决议公告 证券代码：002458 证券简称：益生股份 公告编号：2025-088 山东益生种畜禽股份有限公司 第六届董事会第三十二次会议 决议公告 本次会议的召集、召开程序符合《中华人民共和国公司法》和《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《2025 年第三季度报告》。 表决情况：7 票同意，0 票反对，0 票弃权。 《2025 年第三季度报告》刊登于《中国证券报》《上海证券报》 《证券时报》《证券日报 ...

2025 年第三季度报告 证券代码：002458 证券简称：益生股份 公告编号：2025-089 山东益生种畜禽股份有限公司 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会及董事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担 个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | | | | 单位：元 | | --- | --- | --- | --- | --- | | | 本报告期 | 本报告期比上年 | 年初至报告期末 | 年初至报告期末 | | | | 同期增减 | | 比上年同期增减 | | 营业收入（元） | 715,357,228.19 | -8.04% | 2,036,450,475.02 | -5.44% ...

Core Viewpoint - Yisheng Co., Ltd. has experienced a stock price fluctuation with a recent increase of 2.03%, while facing a year-to-date decline of 2.55% [1][2]. Company Overview - Yisheng Co., Ltd. was established on April 22, 1997, and listed on August 10, 2010. The company is located in Yantai, Shandong Province, and its main business includes breeding and sales of various generations of meat chickens, pig farming, agricultural equipment production, feed production, dairy farming, and organic fertilizer production [2]. - The revenue composition of Yisheng Co., Ltd. is as follows: chicken revenue accounts for 76.18%, pig revenue 15.47%, livestock equipment revenue 5.48%, dairy revenue 1.72%, and other revenue 1.14% [2]. Financial Performance - For the first half of 2025, Yisheng Co., Ltd. reported an operating income of 1.321 billion yuan, a year-on-year decrease of 3.98%. The net profit attributable to shareholders was 6.1551 million yuan, down 96.64% year-on-year [2]. - Since its A-share listing, Yisheng Co., Ltd. has distributed a total of 1.692 billion yuan in dividends, with 602 million yuan distributed in the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders of Yisheng Co., Ltd. was 48,000, an increase of 3.00% from the previous period. The average circulating shares per person decreased by 2.91% to 15,601 shares [2]. - Among the top ten circulating shareholders, the Guotai Zhongzheng Livestock Breeding ETF holds 9.4508 million shares, an increase of 1.664 million shares compared to the previous period. Hong Kong Central Clearing Limited has exited the top ten circulating shareholders list [3].

Investment Rating - The report suggests a focus on low-cost quality pig farming leaders for investment opportunities [2][12] Core Views - The current price of lean meat pigs is 11.6 CNY/kg, up 5.6% from last week, but the upward momentum lacks sustainability due to ongoing supply pressures and the absence of a consumption peak [11][12] - In the poultry sector, white feather chicken prices have seen slight increases, with broiler prices at 6.88 CNY/kg, up 0.1%, and chicken product prices at 8.65 CNY/kg, up 0.6% [12][29] - The approval of genetically modified varieties is expected to enhance the growth potential of industry companies, with commercial sales anticipated to begin post-publicity period [12] - The agricultural sector is experiencing price volatility, with leading feed companies likely to replace smaller competitors due to their advantages in procurement, scale, and capital [12] Summary by Sections Livestock - The lean meat pig price is currently 11.6 CNY/kg, reflecting a 5.6% increase from the previous week, while the average wholesale price of pork is 17.73 CNY/kg, down 1.7% [13][14] - The average weight of slaughtered pigs has decreased by 0.3% to 127.9 kg, and the price of 15 kg piglets has dropped by 2.2% to 19.55 CNY/kg [20][22] - Self-breeding and self-raising profitability has improved, with average losses of -185.68 CNY per head for self-breeding, and -289.07 CNY for purchased piglets [17][18] Poultry - The price of broiler chicks has increased by 0.9% to 3.32 CNY each, while the average price of white feather chickens is 6.88 CNY/kg, up 0.1% [12][29] - The profit from parent stock chicken breeding is 0.57 CNY per chick, while broiler breeding remains at a loss of -1.76 CNY per chick [35][36] Agricultural Products - The domestic corn price has decreased by 0.6% to 2248.63 CNY/ton, while soybean prices have increased slightly by 0.1% to 3996.84 CNY/ton [45][58] - The report highlights the potential for investment in the agricultural sector due to the anticipated growth from the commercialization of genetically modified crops [12]

Core Viewpoint - The company, Yisheng Co., confirmed that no highly pathogenic avian influenza virus has been detected in the provinces involved in the introduction of breeding chickens from France, and it is proceeding with its planned importation process [1] Group 1 - The company is currently importing breeding chickens from France as planned [1] - Strict customs inspections will be conducted upon the arrival of the breeding chickens in China to ensure safety [1] - The imported breeding chickens will be quarantined in a dedicated isolation area to undergo subsequent quarantine procedures [1]

Core Insights - The aquaculture sector experienced a slight decline of 0.08% on October 24, with Xiaoming Co. leading the drop [1] - The Shanghai Composite Index closed at 3950.31, up 0.71%, while the Shenzhen Component Index closed at 13289.18, up 2.02% [1] Aquaculture Sector Performance - Yisheng Co. (002458) saw a closing price of 8.85, with an increase of 2.67% and a trading volume of 150,400 shares, totaling a transaction value of 134 million yuan [1] - Shengnong Development (002299) closed at 16.28, up 1.12%, with a trading volume of 136,800 shares and a transaction value of 222 million yuan [1] - Other notable performances include: - ST Tianshan (300313) at 8.43, up 0.60% [1] - Jinjidun Agricultural (000048) at 17.03, up 0.53% [1] - Muyuan Foods (002714) at 48.86, up 0.31% [1] - Xiaoming Co. (300967) led the decline with a closing price of 21.20, down 3.02% [2] Capital Flow Analysis - The aquaculture sector saw a net outflow of 153 million yuan from institutional investors, while retail investors contributed a net inflow of 11.67 million yuan [2] - Notable capital flows include: - Luoniushan (000735) with a net inflow of 5.14 million yuan from institutional investors [3] - Yike Foods (301116) with a net outflow of 1.90 million yuan from institutional investors [3] - Yisheng Co. (002458) experienced a net outflow of 2.22 million yuan from institutional investors [3]

Investment Rating - Industry Rating: Outperform the Market (maintained rating) [1] Core Viewpoints - The report highlights the ongoing challenges in the poultry industry due to the rising incidence of highly pathogenic avian influenza (HPAI), particularly in Europe, which has seen a significant increase in reported cases [4][5] - The report suggests that the heightened risk level for avian influenza in France may indicate an earlier onset of the flu season, impacting poultry farming practices and potentially leading to increased biosecurity measures [5] - There is a notable decline in the domestic breeding stock imports, with a 29.1% year-on-year decrease in the first nine months of 2025, primarily due to the suspension of imports from the US and New Zealand [6] Summary by Sections Industry Overview - The poultry industry is currently facing a critical period with the global outbreak of HPAI, which has resulted in 1,374 new cases reported globally, marking a 61.5% increase year-on-year [4] - The report emphasizes the need for close monitoring of overseas breeding stock imports and the structural changes in breeding practices as a response to the avian influenza threat [6] Market Trends - The report indicates that the poultry market is experiencing fluctuations, with a focus on the implications of avian influenza on supply chains and pricing strategies [6] - The report recommends paying attention to the emergence of domestic breeding opportunities and the importance of securing alternative breeding resources [6] Investment Recommendations - The report recommends focusing on companies that are well-positioned to adapt to the changing landscape, specifically highlighting Shengnong Development as a key player, while also suggesting to monitor Yisheng Livestock, Minhe Livestock, Hefeng Livestock, and Xiantan Livestock for potential investment opportunities [6]