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 法律意见书 金证法意[2024]字 1115 第 0626 号 致：山东益生种畜禽股份有限公司 2024 年第六次临时股东大会的 法律意见书 金证法意[2024]字 1115 第 0626 号 诚同达律师事务所 JINCHENG TONGDA & NEAL LAW FIRM 中国北京市建国门外大街1号国贸大厦A座十层 100004 电话: 010-5706 8585 传真: 010-8515 0267 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 2024 年第六次临时股东大会的 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"）聘请 和北京金诚同达律师事务所（以下简称"本所"）委派，本所律师出席益生股份 2024 年第六次临时股东大会并对会议的相关事项出具法律意见书。 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《中华人民共 和国公司法》（以下简称"《公司法》"）、《上市公司股东大会规则》（以下简称 "《股东大会规则》"）、《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》等法律、法规和规范性 ...

Group 1 - The company reported a total sales volume of 53.14 million white feather broiler chicks in October 2024, with sales revenue of 258 million yuan, representing year-on-year changes of 2.06% and 48.82% respectively, and month-on-month changes of 7.50% and 27.9% [1] - The sales volume of breeding pigs reached 6,358 heads in October, generating sales revenue of 15.28 million yuan, with year-on-year changes of 567.86% and 422.54%, and month-on-month changes of 190.72% and 148.6% [1] - The low introduction volume of grandparent white feather broiler chickens over the past two years has impacted the production of commercial broiler chicks, leading to a significant increase in sales prices for commercial broiler chicks since the second half of this year [1] Group 2 - The company experienced a substantial increase in sales revenue for white feather broiler chicks in October due to the rising sales price compared to the same period last year [1] - The sales volume and revenue of small white feather broiler chicks increased significantly year-on-year due to the reduced sales of the company's Yisheng 909 small white feather broiler chickens, influenced by the elimination of some older breeding chickens [1] - The gradual release of breeding pig production capacity has resulted in significant year-on-year and month-on-month increases in both sales volume and revenue for breeding pigs in October [1]

销售情况简报 证券代码：002458 证券简称：益生股份 公告编号：2024-098 山东益生种畜禽股份有限公司 2024 年 10 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、2024年10月份销售情况 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"）2024 年 10 月白羽肉鸡苗销售数量 5,314.02 万只，销售收入 25,844.01 万元， 同比变动分别为 2.06%、48.82%，环比变动分别为 7.50%、27.90%。 上述财务数据均未经审计，可能与公司定期报告披露的数据存在 一定差异，仅作为阶段性财务数据供投资者参考。 二、原因说明 1、祖代白羽肉种鸡持续两年多的低引种量已经影响到商品代 鸡苗的产量，自今年下半年以来，公司商品代鸡苗价格逐月上涨， 销售单价较去年同期也大幅提高，故公司 2024 年 10 月白羽肉鸡苗 销售收入同比增幅较大。 销售情况简报 2、受部分大周龄种鸡淘汰影响，2023 年 10 月公司益生 909 小 型白羽肉鸡销量较少，导致 2024 年 10 月小型白羽肉鸡苗 ...

回购股份报告书 证券代码：002458 证券简称：益生股份 公告编号：2024-096 山东益生种畜禽股份有限公司 回购股份报告书 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、误导性陈述或者重大遗漏。 重要内容提示： 1、山东益生种畜禽股份有限公司（以下简称"公司"）拟使用银 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人民 币普通股（A 股）股票，用于后期实施员工持股计划。本次回购股份 的资金总额为不低于人民币 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），按回 购资金总额下限及回购价格上限测算，预计回购股份数量约为 833.33 万股，约占公司总股本的比例为 0.75%；按回购资金总额上限及回购 价格上限测算，预计回购股份数量约为 1,666.66 万股，约占公司总 股本的比例为 1.50%。具体以回购期限届满或回购完毕时实际回购的 股份数量和金额为准。回购期限为自董事会审议通过回购股份方案之 日起 12 个月内。 （2）本次回购股份用于员工持股计划，存在因员工持股计划未 能经公司董事会审议通 ...

关于回购事项前十大股东及前十大无限售股东持股情况的公告 证券代码：002458 证券简称：益生股份 公告编号：2024-097 山东益生种畜禽股份有限公司 关于回购事项前十大股东及前十大无限售股东 持股情况的公告 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》，具体内容详见 2024 年 11 月 05 日公司在巨潮资讯网（www.cninfo.com.cn）披露的《第六届 董事会第二十三次会议决议公告》（公告编号：2024-093）、《关于以 集中竞价交易方式回购公司股份方案的公告》（公告编号：2024-094）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监 管指引第 9 号——回购股份》等相关规定，现将董事会公告回购股份 决议的前一个交易日（2024 年 11 月 04 日）登记在册的前十大股东 和前十大无限售条件股东的名称及持股数量、比例公告如下： 序号 股东名称 持 ...

Summary of Conference Call Company and Industry Overview - The conference call involved a company primarily engaged in the breeding and sale of poultry, specifically focusing on the production of parent stock and commercial broilers. The company has been a leader in the domestic market for over a decade and is recognized for its high-quality breeding stock and innovative breeding technologies [1][2]. Key Points and Arguments Financial Performance - The company reported a significant increase in sales volume for its main products, with a total of over 14,000 units sold in Q3 2024, which is more than seven times the sales from the same period last year [2]. - The sales of parent stock were approximately 900,000 units, reflecting a 20% year-over-year decline, while the average selling price for these units was around 38 yuan [2]. - The total revenue from the sale of commercial broilers was reported at 1.8 million units, with a total sales volume of over 5.6 million units [2]. Supply and Demand Dynamics - The supply of breeding stock is expected to remain tight due to a decrease in the number of parent stock being bred, with only 400,000 units produced nationwide last year [3]. - The company anticipates a continued increase in demand for poultry products, driven by health-conscious consumer trends and government policies aimed at stimulating consumption [4]. - The demand for chicken is supported by its cost advantages over other meats, such as pork and beef, and the growing popularity of chicken in takeaway and fast-food sectors [4]. Pricing Trends - The company expects prices for parent stock to remain high, with current prices around 70 yuan per unit, and anticipates a slight increase in November [7]. - The average selling price for commercial broilers is projected to be higher in Q4 compared to Q3, indicating a positive pricing outlook [7]. Production and Operational Insights - The company has been investing in new production capacities in various regions, including Shanxi and Hebei, which is expected to enhance production volumes in the coming year [8]. - The efficiency of breeding operations has been a concern, with reports of decreased output per breeding unit, which may impact overall production costs [10][12]. Market Challenges - The company faces challenges from fluctuating feed costs and competition from both domestic and imported breeding stock [10][12]. - There is a noted disparity in performance between domestic and imported breeding stock, with imported varieties often commanding a premium due to perceived quality advantages [13][14]. Future Outlook - The company is optimistic about its sales growth for the upcoming year, projecting an increase in both parent stock and commercial broiler sales due to expanded production capabilities and favorable market conditions [8][9]. - The overall market for poultry is expected to grow, driven by increasing consumer demand and supportive government policies [4][5]. Additional Important Information - The company reported a profit of over 1 billion yuan in Q3, primarily driven by sales of parent stock, while also noting losses in certain segments such as agricultural equipment [17][18]. - The average cost of production for commercial broilers was reported to be stable at around 17 yuan per unit, indicating effective cost management despite market pressures [18]. This summary encapsulates the key insights from the conference call, highlighting the company's performance, market dynamics, and future outlook in the poultry industry.

董事会决议公告 证券代码：002458 证券简称：益生股份 公告编号：2024-093 山东益生种畜禽股份有限公司 第六届董事会第二十三次会议 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、准确和完整， 没有虚假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 2024 年 11 月 01 日，山东益生种畜禽股份有限公司（以下简称 "公司"）第六届董事会第二十三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 2024 年 10 月 29 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，其中董事左常魁先生、独立董事王楚端先生通过通 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表决方式，通过决议如下： 逐项审议通过《关于以集中竞价交易方式回购公司股份方案的议 案》。 1、回购股份的目的和用途 表决情况：7 票同意、0 票反对、0 票弃权。 1）公司股票上市已满六个月； 2）公司最近一年 ...

关于签署股票回购专项借款合同的公告 证券代码：002458 证券简称：益生股份 公告编号：2024-095 山东益生种畜禽股份有限公司 关于签署股票回购专项借款合同的公告 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。 重要内容提示： 一、回购方案主要内容 山东益生种畜禽股份有限公司（以下简称"公司"）拟使用银行 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人民币 普通股（A 股）股票，用于后期实施员工持股计划。本次回购股份的 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），按回购 资金总额下限及回购价格上限测算，预计回购股份数量约为 833.33 万股，约占公司总股本的比例为 0.75%；按回购资金总额上限及回购 价格上限测算，预计回购股份数量约为 1,666.66 万股，约占公司总 股本的比例为 1.50%。具体以回购期限届满或回购完毕时实际回购的 股份数量和金额为准。回购期限为自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 ...

山东益生种畜禽股份有限公司 关于以集中竞价交易方式回购公司股份方案 的公告 关于以集中竞价交易方式回购公司股份方案的公告 证券代码：002458 证券简称：益生股份 公告编号：2024-094 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、误导性陈述或者重大遗漏。 （5）回购股份的资金总额：回购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）。具体以回购期限届满 或回购完毕时实际回购的金额为准。 （6）回购股份的数量及占公司总股本的比例：按回购资金总额 下限及回购价格上限测算，预计回购股份数量约为 833.33 万股，约 占公司总股本的比例为 0.75%；按回购资金总额上限及回购价格上限 测算，预计回购股份数量约为 1,666.66 万股，约占公司总股本的比 例为 1.50%。具体以回购期限届满或回购完毕时实际回购的股份数量 为准。 （7）回购期限：自董事会审议通过最终回购股份方案之日起 12 关于以集中竞价交易方式回购公司股份方案的公告 重要内容提示： 1、回购方案主要内容 （1）回购股份种类：山东益生种畜禽股份有限公司（以下简称 "公司"） ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company reported a revenue of 2.154 billion yuan for the first three quarters of 2024, a year-on-year decrease of 18.98%, and a net profit attributable to shareholders of 301 million yuan, down 56.04% year-on-year [2][3] - The sales of parent stock white feather broiler chicks decreased by 20% year-on-year, while the sales of commercial broiler chicks fell by 15% year-on-year [3] - The company expects to sell over 3 million sets of parent stock white feather broiler chicks and 14 million commercial broiler chicks in Q4 2024 [3] - The company's breeding pig business has seen a significant increase, with over 14,000 pigs sold in the first three quarters of 2024, representing a year-on-year growth of more than 7 times [3] - The price of parent stock broiler chicks is expected to strengthen in Q4 2024, with current prices at 70 yuan per set for parent stock and 4.9 yuan per chick for commercial broilers [3] Financial Summary - Revenue projections for 2024-2026 are adjusted to 2.99 billion, 3.439 billion, and 3.838 billion yuan, respectively, with net profits projected at 579 million, 886 million, and 1.137 billion yuan [3][8] - The corresponding price-to-earnings (PE) ratios are expected to be 17, 11, and 9 times for the respective years [3] - The company is expected to benefit first from the rebound in chick prices, leading to continuous improvement in performance [3]