关于 2024 年员工持股计划锁定期届满的提示性公告 证券代码：002458 证券简称：益生股份 公告编号：2025-051 山东益生种畜禽股份有限公司 关于 2024 年员工持股计划锁定期届满的 提示性公告 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"）2024 年员工 持股计划（以下简称"本员工持股计划"）锁定期将于 2025 年 7 月 16 日届满。根据《关于上市公司实施员工持股计划试点的指导意见》《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》及《山东益生种畜禽股份有限公司 2024 年员工持股计划管理 办法》的相关规定，现将本员工持股计划锁定期届满的相关情况公告 如下： 一、本员工持股计划的基本情况和锁定期 1、公司年度报告、半年度报告公告前 15 日内，因特殊原因推迟 公告日期的，自原公告日前 15 日起至最终公告日； 2、公司季度报告、业绩预告、业绩快报公告前 5 日内； 3、自可能对公司股票交易价格产生较大影响的重大事件发生之 日或者在决策过程中，至依法披露之日； 公司 ...

Group 1 - The company expects a net profit attributable to shareholders of between 5 million to 7.5 million yuan, representing a year-on-year decline of 97.27% to 95.90% [1][2] - The basic earnings per share are projected to be between 0.00 yuan to 0.01 yuan, compared to 0.17 yuan per share in the same period last year [1] - The decline in performance is primarily due to the low prices of chicken and broiler chicks, leading to significant decreases in the sales price of commercial broiler chicks, resulting in losses in this segment [1][2] Group 2 - The parent stock chick business remains profitable but could not fully offset the losses from the commercial broiler chick business, leading to an overall slight loss in the chicken business [1] - The pig business has seen a substantial increase in profits year-on-year, attributed to strict biosecurity measures and optimized disease prevention systems, ensuring the health and quality of breeding pigs [1] - The company has implemented refined cost control measures, resulting in a downward trend in breeding pig rearing costs [1]

关于 2024 年员工持股计划锁定期届满的提示性公告 证券代码：002458 证券简称：益生股份 公告编号：2025-051 山东益生种畜禽股份有限公司 关于 2024 年员工持股计划锁定期届满的 提示性公告 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"）2024 年员工 持股计划（以下简称"本员工持股计划"）锁定期将于 2025 年 7 月 16 日届满。根据《关于上市公司实施员工持股计划试点的指导意见》 《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》及《山东益生种畜禽股份有限公司 2024 年员工持股计划管理 办法》的相关规定，现将本员工持股计划锁定期届满的相关情况公告 如下： 一、本员工持股计划的基本情况和锁定期 公司第六届董事会第十九次会议和 2024 年第三次临时股东大会 审议通过了公司《<2024 年员工持股计划（草案）>及摘要》相关议案， 同意公司实施本员工持股计划。具体内容详见公司于 2024 年 6 月 26 日及 2024 年 7 月 13 日刊登在《中国证券报》 ...

[Current Period Performance Forecast](index=1&type=section&id=I.%E3%80%81Current%20Period%20Performance%20Forecast) The company forecasts net profit attributable to shareholders for H1 2025 to be between 5.00 million and 7.50 million yuan, a significant decline of 95.90% to 97.27% from 182.95 million yuan in the prior year, with net profit after deducting non-recurring gains and losses expected to decrease by 97.54% to 98.36% to between 3.00 million and 4.50 million yuan Key Financial Data for 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | **Profit: 5.00 million – 7.50 million yuan** | Profit: 182.95 million yuan | | YoY Change | Decrease: 97.27% - 95.90% | - | | **Net Profit After Deducting Non-recurring Gains and Losses** | **Profit: 3.00 million – 4.50 million yuan** | Profit: 183.18 million yuan | | YoY Change | Decrease: 98.36% - 97.54% | - | | **Basic Earnings Per Share** | **Profit: 0.00 – 0.01 yuan/share** | Profit: 0.17 yuan/share | [Explanation of Performance Changes](index=2&type=section&id=III.%E3%80%81Explanation%20of%20Performance%20Changes) The significant decline in performance is primarily due to the drag from the chicken business, as strong growth in breeding pig sales and revenue could not offset losses from commercial broiler chicks caused by low market prices, leading to a sharp year-over-year decrease in overall net profit - The company's net profit for H1 2025 significantly decreased year-over-year, primarily due to losses in the chicken business, which were not fully offset by profit growth in the pig business[4](index=4&type=chunk) [Chicken Business Performance](index=2&type=section&id=III.%E3%80%81Explanation%20of%20Performance%20Changes-Chicken%20Business) During the reporting period, despite increased sales volume and decreased unit costs for commercial broiler chicks, the segment incurred losses due to a substantial year-over-year decline in chick selling prices driven by low chicken meat and live chicken market prices, resulting in a slight overall loss for the chicken business despite continued profitability in parent stock chicks - Commercial broiler chick sales volume increased year-over-year, and unit costs decreased, but selling prices significantly declined due to sluggish market conditions, leading to business losses[4](index=4&type=chunk) - Parent stock chick business remained profitable, but its profits were insufficient to cover the losses from the commercial broiler chick business, resulting in a slight overall loss for the chicken business[4](index=4&type=chunk) [Pig Business Performance](index=2&type=section&id=III.%E3%80%81Explanation%20of%20Performance%20Changes-Pig%20Business) The company's breeding pig business performed strongly, benefiting from steady capacity release, achieving year-over-year growth in both sales volume and revenue, and a substantial increase in profit, while maintaining stable supply of double-negative breeding pigs and reducing feeding costs through strict biosecurity and refined cost management - Breeding pig capacity steadily released, with sales volume, revenue, and profit all achieving year-over-year growth[4](index=4&type=chunk) - The company ensured stable supply of double-negative (Classical Swine Fever and Porcine Reproductive and Respiratory Syndrome) breeding pigs through strict biosecurity and optimized disease prevention and control[4](index=4&type=chunk) - Breeding pig feeding costs showed a downward trend through refined cost control measures[4](index=4&type=chunk) [Other Explanations](index=1&type=section&id=Other%20Explanations) The company has pre-communicated with its accounting firm regarding the performance forecast, with no disagreements, and advises investors that this forecast is a preliminary estimate, with final data subject to the 2025 semi-annual report, urging caution regarding investment risks - This performance forecast has not been pre-audited by an accounting firm, but the company has pre-communicated with the firm on related matters, with no disagreements[3](index=3&type=chunk) - The company advises that this performance forecast is a preliminary estimate by the finance department, urging investors to make cautious decisions and be aware of investment risks[5](index=5&type=chunk)

Investment Rating - The industry rating is maintained as "Increase" [4] Core Views - In the second quarter of 2025, the average price of live pigs is expected to be 14.5 CNY/kg, a decrease of 4.6% from the previous quarter and 11.4% year-on-year. However, due to the decline in raw material prices and improved breeding performance, listed companies are optimizing costs [15][16] - The poultry sector is facing challenges, with yellow feathered chicken prices remaining low at an average of 11.3 CNY/kg, down 2.4% quarter-on-quarter and 15.5% year-on-year. The profitability of leading companies like Wen's Group may be under pressure due to these price declines [15][16] - The feed sector is benefiting from stable pig prices and rising aquatic product prices, with Haida Group expected to achieve a feed sales volume of approximately 13.65 million tons in the first half of 2025, a year-on-year increase of about 26% [15][16] Summary by Sections Livestock Farming - The national price of lean meat pigs is 14.54 CNY/kg, down 2% from last week. The current valuation remains relatively low, with a focus on leading companies and low-cost high-growth targets such as Muyuan Foods and Wen's Group [2][16] - The average price of white feathered chickens is 6.24 CNY/kg, down 7.6% from last week, while chicken product prices average 8.38 CNY/kg, down 0.9% [16][30] - The price of parent stock chicken chicks is 47.2 CNY/set, up 1% week-on-week, while the price of meat chicken chicks is 0.99 CNY each, down 27.2% [26][28] Feed Sector - Haida Group is expected to achieve a net profit of 1.218-1.518 billion CNY in the second quarter, with a year-on-year change of -3.64% to +20.1% [15][16] - The pet feed industry continues to maintain high growth, with expectations for Zhongchong Group to achieve a net profit of approximately 120 million CNY in the second quarter, a year-on-year increase of about 40% [15][16] Agricultural Products - The approval of genetically modified varieties is expected to lead to commercial sales, with potential growth for industry companies as actual transaction prices and profit distribution are confirmed [16] - The fluctuation of agricultural product prices is increasing, and leading feed companies are expected to replace smaller companies due to their advantages in procurement, scale, and capital [16]

Group 1 - In June 2025, the company sold 60.72 million broiler chicks, generating sales revenue of 129.46 million yuan, with year-on-year changes of 17.68% and -13.58% respectively, and month-on-month changes of 7.26% and -25.54% respectively [2] - The sales of Yisheng 909 small broiler chicks amounted to 6.98 million, with sales revenue of 5.01 million yuan, showing year-on-year changes of 0.70% and -41.06%, and month-on-month changes of -3.01% and -25.54% respectively [2] - The company sold 10,125 breeding pigs in June 2025, with sales revenue of 24.94 million yuan, reflecting significant year-on-year changes of 490.38% and 460.10%, while month-on-month changes were -6.67% and -3.05% respectively [2] Group 2 - The decrease in sales revenue for Yisheng 909 small broiler chicks is attributed to a reduction in unit price compared to the previous year [2]

销售情况简报 证券代码：002458 证券简称：益生股份 公告编号：2025-049 山东益生种畜禽股份有限公司 2025 年 6 月鸡苗和种猪销售情况简报 益生909小型白羽肉鸡苗销售数量698.23万只，销售收入500.80 万元，同比变动分别为0.70%、-41.06%,环比变动分别为-3.01%、- 20.96%。 2、种猪销售情况 公司2025年6月种猪销售数量10,125头，销售收入2,493.80万元， 同比变动分别为490.38%、460.10%，环比变动分别为-6.67%、-3.05%。 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、受小型白羽肉鸡毛鸡价格低的影响，小型白羽肉鸡苗的销售 单价同比降低，故 2025 年 6 月公司益生 909 小型白羽肉鸡苗销售收 入同比减少。 2、公司种猪产能稳步释放，故 2025 年 6 月公司种猪销售数量和 销售收入同比大幅增加。 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、2025年6月销售情况 1、鸡苗销售情况 山东益生 ...

Group 1 - The core point of the article highlights the sales performance of Yisheng Co., Ltd. in June 2025, showing a mixed trend in sales volume and revenue for different products [1] Group 2 - The sales volume of white feather broiler chicks reached 60.7169 million with a revenue of 129 million yuan, reflecting a year-on-year change of 17.68% in volume but a decrease of 13.58% in revenue, while the quarter-on-quarter changes were 7.26% in volume and a decline of 25.54% in revenue [1] - The sales volume of Yisheng 909 small white feather broiler chicks was 6.9823 million with a revenue of 5.008 million yuan, showing a year-on-year change of 0.70% in volume and a significant drop of 41.06% in revenue, with quarter-on-quarter changes of -3.01% in volume and -20.96% in revenue [1] - The company sold 10,125 breeding pigs, generating a revenue of 24.938 million yuan, which represents a substantial year-on-year increase of 490.38% in volume and 460.10% in revenue, although there were slight quarter-on-quarter declines of -6.67% in volume and -3.05% in revenue [1]

Investment Rating - The industry investment rating is "Positive" (maintained) [4] Core Viewpoints - The pig price has retreated from its high, with the latest price at 14.94 CNY/kg and the average weight at 128.64 kg. The complete cost for leading enterprises has decreased to around 12 CNY/kg, indicating a potential for profit maintenance and valuation recovery [6][17][18] - The report emphasizes a shift from cyclical thinking to focusing on financial performance, suggesting that investment should transition from "cyclical thinking" to "quality and price" [18] - The report recommends focusing on companies with a "platform + ecosystem" model, highlighting DeKang Agriculture and Livestock as a representative, along with leading pig farming companies such as Muyuan Foods and Wens Foodstuff Group [18] Summary by Sections 1. Pig Industry - The latest pig price is 14.94 CNY/kg, with a slight increase in average weight to 128.64 kg. The price of 15 kg piglets remains stable at around 530 CNY/head. The industry is experiencing a short-term rebound in prices after a slight decline [6][17] - The official number of breeding sows in May was 40.42 million, a year-on-year increase of 1.15%, indicating a stable production capacity [7][17] - The report suggests that the government's commitment to stabilizing pig prices is strong, and capacity regulation may continue to increase [7][17] 2. Poultry Industry - The price of parent stock chicks remains high, with the latest price at 47.93 CNY, a week-on-week increase of 5.25%. The price of broilers is 2.95 CNY/kg, down 12% week-on-week and 18% year-on-year [19] - The industry faces a "high capacity, weak consumption" contradiction, leading to a reduction in production capacity among breeding farms [19] - The report highlights two main lines of focus: quality imported breeding stock leaders and fully integrated industry leaders [19] 3. Feed Industry - The report recommends Hai Da Group, noting a cash flow turning point and high overseas growth potential. The demand for aquaculture feed is expected to recover in 2025 [20][22] - The report indicates that the domestic capital expansion phase has ended, and leading companies are entering a new phase of stable cash flow [21][22] 4. Pet Industry - The report discusses the impact of potential tariffs on the pet industry, suggesting that the actual impact will be limited due to high profit margins and overseas factory layouts [23] - Companies with strong performance in their own brands, such as Guibao and Zhongchong, are highlighted as key focuses [23] 5. Agricultural Products - The USDA report indicates a slight reduction in soybean planting area for 2025, with a forecast of 83.4 million acres, a year-on-year decrease of 4% [24] - The report emphasizes that agricultural products are less affected by tariffs, and a reduction in imports may help prices rise from low levels [24] 6. Market and Price Situation - The Shanghai and Shenzhen 300 Index closed at 3982 points, up 1.54% from the previous week. The Agricultural and Forestry Index closed at 2729 points, up 2.55% [25][28] - The report notes that the aquaculture sector performed the best with a 5.13% increase [25]

Investment Rating - The report maintains an "Increase" rating for the agricultural sector [5] Core Views - The report emphasizes the need to combat "involutionary" competition and optimize pig production capacity, as highlighted in the recent meeting of the Central Financial Committee [1][17] - The overall pig farming industry is currently profitable, with self-breeding and self-raising models showing increased profits [18][23] - The poultry sector is experiencing price declines, particularly in broiler chickens and chicken seedlings, indicating a potential for price recovery in the future [19][36] Summary by Sections Agricultural Data Tracking - The national average price for lean meat pigs is 14.82 CNY/kg, up 3.9% from last week, while the average wholesale price for pork is 20.58 CNY/kg, up 1.7% [21][22] - The average weight of pigs for slaughter has decreased to 90.05 kg, down 0.6% week-on-week [26] - The price of 15 kg piglets has decreased to 36.77 CNY/kg, down 1% from last week [29] Pig Farming - The average profit for self-breeding pigs is 119.72 CNY/head, an increase of 69.48 CNY/head from last week, while the profit for purchased piglets is -26.26 CNY/head, an increase of 105.45 CNY/head [23][24] - The report suggests monitoring the impact of recent policy changes on pig prices and inventory behavior [18] Poultry Farming - The average price for broiler chickens is 6.75 CNY/kg, down 3.7% from last week, and the average price for chicken products is 8.45 CNY/kg, down 1.2% [36] - The price for broiler chicks has dropped to 1.36 CNY/chick, down 20% from last week [31] Crop and Agricultural Products - The approval of genetically modified varieties is expected to lead to commercial sales, with potential growth opportunities for industry companies [19] Livestock Support - The report notes increased price volatility in agricultural products, with leading feed companies likely to replace smaller competitors due to their advantages in procurement and scale [19]