股东会决议公告 证券代码：002458 证券简称：益生股份 公告编号：2025-096 山东益生种畜禽股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会未出现否决提案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况： （一）会议召开情况 1、会议召开时间： 现场会议时间：2025 年 11 月 12 日 14：30。 网络投票时间： （1）通过深圳证券交易所交易系统进行网络投票的时间为：2025 年 11 月 12 日 09:15—09:25、09:30-11:30，13:00-15:00； （2）通过深圳证券交易所互联网投票系统进行网络投票的时间为：2025 年 11 月 12 日 09:15-15:00 期间的任意时间。 2、现场会议召开地点：山东省烟台市福山区益生路 1 号，山东益生种畜禽股份 有限公司会议室。 3、会议召开方式：现场投票与网络投票相结合的方式。 4、会议召集人：董事会。 股东会决议公告 5、会议主持人：董事长曹积生先生。 本次股 ...

Core Viewpoints - The pig farming sector is experiencing a favorable configuration opportunity due to accelerated breeding stock reduction driven by market and policy resonance, with current prices at a relatively low level [18][43]. - The beef industry is in a cyclical uptrend, with demand increasing and supply constraints expected to continue until 2027, making it a favorable time to invest in beef-related companies [18][51]. - The poultry sector is seeing improved investment logic as it enters a demand peak season, despite challenges from disease outbreaks and production capacity reductions [19][4]. Pig Farming - The supply pressure in pig farming is gradually increasing, leading to continued downward pressure on prices, with the national average price at 11.87 yuan/kg as of November 11, 2025, down 4.85 yuan/kg year-on-year [20][23]. - Policy measures are focused on reducing breeding stock, particularly among large enterprises, while smaller farms are expected to reduce stock due to losses and disease impacts [29][41]. - The current market conditions suggest a significant opportunity for investment in the pig farming sector, with recommended companies including Wens Foodstuffs, Muyuan Foods, and Juxing Agriculture [18][43]. Beef Industry - The beef supply is tightening, with a decrease in stock levels and an expected cyclical uptrend in demand, particularly as domestic beef consumption continues to rise [46][51]. - The average beef price in September 2025 was 70.52 yuan/kg, reflecting a year-on-year increase of 5.36% [51]. - Recommended companies in the beef sector include Bright Dairy, Fucheng Co., and several Hong Kong-listed firms such as Modern Farming and China Shengmu [18][51]. Poultry Sector - The white chicken market is entering a peak demand season, with prices expected to rise due to reduced production capacity and increased demand [19][4]. - The supply of white feather chicken breeding stock is projected to decline, supporting a price increase for meat chickens in 2026 [19][4]. - Recommended companies in the poultry sector include Shennong Development and Hefeng Co. [19][4]. Seed Industry - The grain price cycle is at a low point, with expectations for upward trends supported by food security policies and the acceleration of genetically modified seed commercialization [19][5]. - Recommended companies in the seed industry include Dabeinong Technology, Longping High-Tech, and Denghai Seeds [19][5]. Pet Industry - The pet food export volume in China increased by 7.55% year-on-year from January to September 2025, indicating strong growth in the sector [19][7]. - Domestic pet consumption is expected to continue growing, driven by emotional value and increasing market share of domestic brands [19][7]. - Recommended companies in the pet sector include Guibao Pet, Zhongchong Co., and Petty Co. [19][7].

北京金诚同达律师事务所 关于 山东益生种畜禽股份有限公司 2025 年第二次临时股东会的 法律意见书 北京市朝阳区建国门外大街 1 号国贸大厦 A 座 10 层 电话：010-5706 8585 传真：010-6518 5057 金诚同达律师事务所 法律意见书 北京金诚同达律师事务所 关于山东益生种畜禽股份有限公司 2025 年第二次临时股东会的 法律意见书 金证法意[2025]字 1112 第 0955 号 致：山东益生种畜禽股份有限公司 北京金诚同达律师事务所（以下简称"本所"）接受山东益生种畜禽股份有 限公司（以下简称"益生股份"或"公司"）的聘请，指派本所律师出席公司 2025 年第二次临时股东会（以下简称"本次股东会"）并对会议的相关事项出具法律 意见书。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华 人民共和国证券法》《上市公司股东会规则》（以下简称"《股东会规则》"）《律师 事务所从事证券法律业务管理办法》《律师事务所证券法律业务执业规则（试行）》 等有关法律、法规和规范性文件的要求以及《山东益生种畜禽股份有限公司章程》 （以下简称"《公司章程》"）的规定，对本次股东会 ...

Group 1 - The core viewpoint of the news highlights the trading performance and financial metrics of Yisheng Industrial Co., Ltd. on November 11, including a slight increase in stock price and notable financing activities [1] - On November 11, Yisheng's stock price rose by 0.54%, with a trading volume of 99.45 million yuan. The financing buy-in amounted to 16.48 million yuan, while the financing repayment was 13.92 million yuan, resulting in a net financing buy of 2.56 million yuan [1] - As of November 11, the total margin balance for Yisheng was 452 million yuan, with the financing balance accounting for 4.59% of the circulating market value, indicating a low level compared to the past year [1] Group 2 - Yisheng Industrial Co., Ltd. is primarily engaged in the breeding and sales of various poultry and livestock, with chicken revenue constituting 76.18% of total income, followed by pig revenue at 15.47% [2] - For the first nine months of 2025, Yisheng reported a revenue of 2.036 billion yuan, a year-on-year decrease of 5.44%, and a net profit attributable to shareholders of 31.79 million yuan, down 89.42% year-on-year [2] - The company has distributed a total of 1.692 billion yuan in dividends since its A-share listing, with 602 million yuan distributed over the past three years [3]

Group 1 - The company, Yisheng Co., announced that the price for parent stock broiler chicks will be 57 yuan per set in December [2]

Sales Performance Summary - In October 2025, the company sold 53.01 million white feather broiler chicks, generating sales revenue of 199.08 million yuan, representing a year-on-year decline of 0.25% in quantity and 22.97% in revenue, while showing a slight month-on-month increase of 0.33% in quantity and 5.74% in revenue [2] - The company sold 8.87 million units of the Yisheng 909 small white feather broiler chicks, with sales revenue of 6.82 million yuan, reflecting a year-on-year increase of 26.16% in quantity but a decrease of 32.68% in revenue, and a month-on-month increase of 10.83% in quantity but a slight decrease of 0.60% in revenue [2] Breeding Stock Sales Summary - The company sold 16,107 breeding pigs in October 2025, with sales revenue of 32.13 million yuan, indicating a significant year-on-year increase of 153.33% in quantity and 110.19% in revenue, along with a month-on-month increase of 27.99% in quantity and 14.42% in revenue [3] Explanation of Sales Trends - The decline in sales revenue for the Yisheng 909 small white feather broiler chicks is attributed to a decrease in the sales price compared to the previous year [4] - The significant increase in sales quantity and revenue for breeding pigs is due to the steady release of the company's breeding pig production capacity [5]

Group 1 - Digital Zhengtong's subsidiary Baoding Jindi won a bid for a smart water project in Jinan, with a total contract value of 109 million yuan, of which Baoding Jindi's share is approximately 77 million yuan [1] - Lingzhi Software plans to acquire 100% equity of Kaimiride through a combination of cash and stock issuance, with the final transaction price yet to be determined [1] - Tianjin Port's subsidiary plans to transfer 60% equity of China Railway Storage and Transportation, with an estimated value of 37.54 million yuan for the entire equity [2] Group 2 - New Wufeng reported a 56.97% year-on-year increase in pig sales in October, selling 610,000 pigs [3] - New Peng Co. announced a joint investment of approximately 15 million USD with Jabil to build a battery storage box project in Thailand [4] - Maiwei Bio received approval for a clinical trial of its 9MW3811 injection for pathological scars [6] Group 3 - Jiangsu Sopo completed maintenance and resumed production of its methanol and acetic acid facilities [8] - Luoniushan reported a 24.65% year-on-year increase in pig sales revenue in October, totaling 116 million yuan [9][10] - Zhongbei Communication signed a 1 billion yuan comprehensive computing service framework agreement with Xiamen Hongxin Electronics [11] Group 4 - Huayang New Materials announced the resignation of its general manager, Wu Yuehua [12] - Zhongxin Co. used 50 million yuan of idle funds to purchase structured deposits with expected annual returns between 0.55% and 2.05% [14] - Huajian Group's subsidiary signed a construction engineering design contract worth 96.54 million yuan [16] Group 5 - Jianyou Co. received FDA approval for a new production site for its injectable drug [17] - Beilu Pharmaceutical obtained a drug registration certificate for its iodine mepivacaine injection, which is included in the national medical insurance catalog [19] - *ST Yuancheng's stock will be suspended due to falling below the market cap threshold for delisting [20] Group 6 - Xiantan Co. reported a 9.3% year-on-year increase in chicken product sales revenue in October, totaling 503 million yuan [21] - Huanxu Electronics reported an 8.93% year-on-year decrease in consolidated revenue for October, amounting to 5.598 billion yuan [23] - Yisheng Co. reported a 22.97% year-on-year decrease in white feather chicken seed sales revenue in October [25] Group 7 - Yuandong Bio initiated a Phase I/II clinical trial for its ADC drug YLSH003 targeting advanced solid tumors [25] - Xiaoming Co. reported a 34.89% year-on-year decrease in chicken product sales revenue in October [26] - Nanjiao Food reported a 5.27% year-on-year decrease in consolidated revenue for October, totaling 235 million yuan [28] Group 8 - Chuangye Huikang announced a potential change in control, leading to a temporary stock suspension [30] - Tangrenshen reported a 17.91% year-on-year decrease in pig sales revenue in October, totaling 828 million yuan [32][33] - Wancheng Group plans to distribute a cash dividend of 1.5 yuan per 10 shares to shareholders [34] Group 9 - Kangguan Technology plans to distribute a cash dividend of 3.6 yuan per 10 shares to shareholders [36] - Shoudu Online's executive plans to reduce holdings of up to 19,400 shares [38] - Maolai Optical received approval for the issuance of convertible bonds [40] Group 10 - Jinkai New Energy plans to distribute a cash dividend of 0.1 yuan per share to shareholders [41] - Tianchen Medical raised the upper limit for share repurchase to 70 yuan per share [42] - Tianmu Lake used 38 million yuan of idle funds to purchase structured deposits [43]

Core Insights - Yisheng Co., Ltd. reported its sales figures for October 2025, indicating a decline in broiler chick sales but a significant increase in breeding pig sales [2] Sales Performance - In October 2025, the company sold 53.01 million broiler chicks, generating sales revenue of 199.08 million yuan, reflecting a year-on-year change of -0.25% in quantity and -22.97% in revenue, while showing a month-on-month increase of 0.33% in quantity and 5.74% in revenue [2] - The company sold 16,107 breeding pigs in October 2025, with sales revenue reaching 32.13 million yuan, marking a year-on-year increase of 153.33% in quantity and 110.19% in revenue, alongside a month-on-month increase of 27.99% in quantity and 14.42% in revenue [2]

Core Viewpoint - Yisheng Co., Ltd. (益生股份) reported a decline in sales volume and revenue for its white feather broiler chicks in October 2025 compared to the previous year, indicating potential challenges in the market [1] Sales Performance - The company sold 53.01 million white feather broiler chicks, generating sales revenue of 199 million yuan, with year-on-year changes of -0.25% in sales volume and -22.97% in revenue [1] - The sales volume and revenue showed a quarter-on-quarter increase of 0.33% and 5.74%, respectively [1] Specific Product Performance - The sales of Yisheng 909 small white feather broiler chicks reached 8.87 million, with sales revenue of 6.82 million yuan, reflecting a year-on-year increase of 26.16% in sales volume but a decrease of 32.68% in revenue [1] - Quarter-on-quarter changes for this product showed an increase of 10.83% in sales volume but a slight decrease of 0.60% in revenue [1]

Core Viewpoint - Yisheng Co., Ltd. (002458) reported a decline in sales volume and revenue for broiler chicks in October 2025, while experiencing significant growth in sales volume and revenue for breeding pigs during the same period [1] Group 1: Broiler Chick Sales - In October 2025, the sales volume of broiler chicks reached 53.01 million, with a revenue of 199 million yuan, representing a year-on-year decline of 0.25% and 22.97% respectively [1] - On a month-on-month basis, the sales volume and revenue for broiler chicks increased by 0.33% and 5.74% respectively [1] Group 2: Breeding Pig Sales - The sales volume of breeding pigs in October 2025 was 16,107 heads, with a revenue of 32.1267 million yuan, showing a year-on-year increase of 153.33% in volume and 110.19% in revenue [1] - Month-on-month, the sales volume and revenue for breeding pigs grew by 27.99% and 14.42% respectively [1] - The company is steadily releasing breeding pig production capacity [1]