关于回购股份进展情况的公告 证券代码：002458 证券简称：益生股份 公告编号：2025-085 山东益生种畜禽股份有限公司 关于回购股份进展情况的公告 山东益生种畜禽股份有限公司（以下简称"公司"）于 2024 年 11 月 1 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》，同意公司使用银行专 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已发行的 人民币普通股（A 股），本次回购股份将用于实施员工持股计划，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）， 具体回购股份的数量以回购期限届满或回购完毕时实际回购的股份 数量为准，实施期限为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 年 11 月 5 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） 的《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）。 因公司实施 2024 ...

近日，山东益生种畜禽股份有限公司发布公告称，控股股东、实际控制人曹积生部分股份办理质押及解 除质押业务。9月29日，曹积生质押1535万股，占其所持股份3.40%，占总股本1.39%，用于置换前期质 押融资；9月30日，解除质押2005万股，占其所持股份4.44%，占总股本1.81%。截至公告披露日，曹积 生累计质押19411万股，占其所持股份42.98%。公司表示，控股股东具备偿还能力，质押风险可控，不 会影响公司控制权及生产经营。 ...

关于控股股东部分股份质押及解除质押的公告 证券代码：002458 证券简称：益生股份 公告编号：2025-086 山东益生种畜禽股份有限公司 关于控股股东部分股份质押及解除质押 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 办理了质押及解除质押业务，具体事项如下: 一、控股股东股份质押及解除质押的基本情况 | 股东 | 是否为控股 股东或第一 | 本次质押 数量 | 占其所 持股份 | 占公司 总股本 | 是否为 | 是否为 补充质 | 质押 | 质押 | 质权人 | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | （股） | 比例 | 比例 | 限售股 | 押 | 起始日 | 到期日 | | 用途 | | | 一致行动人 | | | | | | | | | | | | | | | | | | 2025年9 ...

Core Viewpoint - The Yantai white feather chicken industry has developed into a vital sector for rural revitalization and economic growth, showcasing a complete and mature development system with significant contributions to employment and income generation [3][4]. Group 1: Industry Overview - The Yantai white feather chicken industry began in the 1970s and has established a robust development framework, with a projected output of 450 million chickens and an industry value exceeding 80 billion yuan in 2024 [3]. - The industry directly supports over 100,000 jobs, playing a crucial role in increasing farmers' income and promoting rural revitalization [3]. Group 2: Supply Chain and Production - The industry employs a "three-stage" full-chain layout, focusing on seed source safety as a priority, with 88 breeding farms and a production capacity of nearly 15 million sets of grandparent stock [4]. - Yantai produces about 20% of the national supply of chicken seedlings, with the self-bred "Yisheng 909" breed reducing reliance on imported chicken breeds [4]. Group 3: Market Position and Development - Yantai is home to four publicly listed companies in the white feather chicken sector, accounting for 80% of the national total, and has a significant number of key agricultural enterprises [4]. - The local industry ecosystem includes over a hundred related enterprises in feed, veterinary medicine, and processing, ensuring efficient operations from chick to chicken products [4]. Group 4: Branding and Value Addition - The industry has created 57 brands and holds 73 patents, enhancing brand strength and technological innovation [5]. - Yantai's white feather chicken products have received numerous accolades, reflecting their growing brand recognition and market acceptance [5].

Group 1 - The core viewpoint of the news is that Yisheng Co., Ltd. has experienced fluctuations in financing and stock performance, with a notable decrease in revenue and net profit in the first half of 2025 [1][2][3] Group 2 - On September 24, Yisheng's stock rose by 0.46%, with a trading volume of 44.93 million yuan. The financing buy-in amount was 5.00 million yuan, while the financing repayment was 6.04 million yuan, resulting in a net financing buy-in of -1.03 million yuan [1] - As of September 24, the total financing and securities lending balance for Yisheng was 533 million yuan, with the financing balance accounting for 5.76% of the circulating market value, indicating a high level compared to the past year [1] - The company reported a revenue of 1.32 billion yuan for the first half of 2025, a year-on-year decrease of 3.98%, and a net profit attributable to shareholders of 6.16 million yuan, down 96.64% year-on-year [2] - The main business income composition includes chicken revenue at 76.18%, pig revenue at 15.47%, livestock equipment revenue at 5.48%, dairy revenue at 1.72%, and other income at 1.14% [2] - Yisheng has distributed a total of 1.69 billion yuan in dividends since its A-share listing, with 602 million yuan distributed in the last three years [3] - As of June 30, 2025, the number of shareholders increased by 3.00% to 48,000, while the average circulating shares per person decreased by 2.91% to 15,601 shares [2][3]

Macro Economic Overview - The "14th Five-Year Plan" emphasizes the use of more proactive fiscal policies to support employment and foreign trade, and to improve people's livelihoods [3][4] - Recent policies focus on industrial internet applications and the development of new energy sectors, indicating a shift towards digitalization and innovation [3][4] Fixed Income Market - As of August 2025, the total bond custody amount reached 174.54 trillion yuan, with a net increase of 15,060.06 million yuan, indicating a slight decrease in growth compared to previous months [9][10] - The leverage ratio in the bond market slightly increased to 106.88%, reflecting a cautious optimism in the market [13][14] Pharmaceutical Industry - The pharmaceutical sector is entering a new growth phase driven by innovation and optimization of centralized procurement, with major companies like Heng Rui Pharmaceutical and China Biologic Products showing robust revenue growth [17][18] - The recent adjustments in the national medical insurance directory are expected to benefit innovative drugs, leading to potential rapid growth for companies involved [18][19] Non-Bank Financial Sector - The performance of non-bank financial companies is primarily driven by property and equity investments, with significant contributions from the property insurance sector [21][22] - The net profit growth of listed insurance companies improved in the first half of 2025, largely due to the profitability of property insurance [21][24] Agricultural Sector - The price of white feather chicken increased due to supply disruptions and rising demand, with the average selling price reaching 7.17 yuan/kg in August 2025 [30][31] - The egg market faces pressure from high production capacity, limiting the potential for price increases despite some upward movement in prices [32][33] Machinery Industry - The valuation of global robotics companies is being redefined, with Figure's recent funding round valuing the company at 39 billion USD, indicating a bullish outlook for the robotics sector [37][38] - Key components in robotics are expected to see significant valuation increases, with potential PE ratios reaching 200 times as the industry matures [38][39] Consumer Services Sector - The upcoming National Day holiday is expected to boost travel bookings, with a steady increase in pre-booking trends observed [42][45] - The tea and coffee sector continues to show strong performance, with leading brands expanding their market presence despite some overall industry slowdowns [43][45] Real Estate and Construction - China Overseas Property is experiencing growth in both scale and profitability, with projected net profits increasing from 16.1 billion yuan in 2025 to 19.6 billion yuan by 2027 [47][48] - The company is focusing on high-quality expansion and has seen a significant increase in managed area and new contract signings [49][50] Electronics Industry - The domestic high-power server power supply market is growing, with companies like Oulu Tong positioned as leaders in this space, benefiting from the rise of AI applications [51][52] - The demand for higher power server supplies is expected to increase, with new products in development to meet the needs of advanced AI servers [53]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The upward trend in chicken prices is driven by import disruptions and improved demand, while high egg-laying hen capacity may limit the upward potential of egg prices [4][14] - The white feather chicken price increased in August due to supply constraints and demand from back-to-school stocking, with an average selling price of 7.17 yuan/kg, up 0.64 yuan/kg month-on-month [4][14] - The yellow feather chicken price also rose in August, reaching an average of 12.39 yuan/kg, a month-on-month increase of 19.57%, supported by seasonal demand [5][27] - Egg supply pressure remains high, with the average wholesale price of eggs at 6.22 yuan/kg, up 2.30% month-on-month, but the capacity of laying hens continues to limit price increases [36] Summary by Sections White Feather Chicken - In August, the average selling price was 7.17 yuan/kg, with a profit of 0.86 yuan/chicken, marking a recovery from losses [4][14] - The total stock of white feather breeding chickens was 2.1421 million sets, up 2.6% month-on-month [15] Yellow Feather Chicken - The average selling price in August was 12.39 yuan/kg, with a month-on-month increase of 19.57% [5][27] - The total stock of yellow feather breeding chickens was 2.8539 million sets, up 2.11% month-on-month [27] Egg Production - The average price of egg chicks was 3.00 yuan/chick, down 22.08% month-on-month, while the total stock of laying hens reached 1.317 billion, up 1.93% month-on-month [36] Company Performance - Yisheng shares sold 57.9185 million chicks in August, with a selling price of 3.69 yuan/chick, up 1.93% month-on-month [39] - Wen's shares sold 117 million chickens in August, with a revenue of 2.956 billion yuan, reflecting a month-on-month increase of 27.63% [58] - Lihua shares sold 52.5549 million chickens, with a revenue of 1.32 billion yuan, also showing a month-on-month increase of 27.66% [59]

Investment Rating - The industry is rated as "Maintain Buy" [3] Core Viewpoints - The pig price has rapidly dropped below 13 yuan/kg, leading to a decrease in self-breeding and self-raising profitability to -24.44 yuan/head, a reduction of 41.29 yuan/head from the previous week. The high supply pressure is expected to continue to weigh on pig prices. The average weight of pigs has increased to 128.45 kg, up 0.5% from the low point in early August. The feed data shows a month-on-month increase in fattening feed prices of 5.6%, 6.6%, and 5.8% from June to August. The government is expected to implement policies to stabilize production and limit breeding in response to the price pressure [1][13][14] - The average selling price of lean meat pigs nationwide is 12.82 yuan/kg, down 3% from last week, while the average wholesale price of pork is 19.48 yuan/kg, down 2% [2][15] - The poultry sector shows mixed results, with the price of white feather chickens at 6.88 yuan/kg, down 2%, while chicken product prices remain stable at 8.65 yuan/kg. The price of meat chicken seedlings is 3.15 yuan each, down 3.1% [14][31] - The planting and agricultural products sector is expected to benefit from the commercialization of genetically modified varieties, with potential growth opportunities for industry companies [14] - The livestock support sector is experiencing increased price volatility, with leading feed companies likely to replace smaller competitors due to their advantages in procurement, scale, and capital [14] Summary by Sections Pig Farming - The average selling price of lean meat pigs is 12.82 yuan/kg, down 3% from last week [15] - Self-breeding and self-raising profitability is -24.44 yuan/head, down 41.29 yuan/head from the previous week [19] - The average weight of pigs has increased to 128.45 kg, showing a recovery trend [13] Poultry Farming - The price of white feather chickens is 6.88 yuan/kg, down 2% [31] - The price of meat chicken seedlings is 3.15 yuan each, down 3.1% [29] - The average price of chicken products remains stable at 8.65 yuan/kg [31] Agricultural Products - The commercialization of genetically modified varieties is expected to enhance growth potential for industry companies [14] Livestock Support - Leading feed companies are expected to gain market share over smaller competitors due to their advantages [14]

Group 1 - The core viewpoint of the article highlights that Yisheng Co., Ltd. (益生股份) has set the price for parent stock chicks at 52 yuan per set for October, indicating a price increase due to rising demand for chicken products during the upcoming Mid-Autumn Festival and National Day [1] - The market demand for chicken products is expected to support the increase in chick prices, particularly as the holiday season approaches [1] - The price of commercial broiler chicks fluctuates in line with the market for live chickens but is also influenced by the supply levels of chicks themselves [1]

Market Overview - The aquaculture sector experienced a decline of 1.27% on September 17, with Tianyu Biological leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Stock Performance - Key stocks in the aquaculture sector showed varied performance, with 京基智农 (Jingji Zhino) closing at 17.21, up 0.35%, and 温氏股份 (Wens Foodstuff) remaining unchanged at 19.66 [1] - Tianyu Biological (天域生物) saw a significant decline of 5.73%, closing at 9.38 [2] - Other notable declines included 牧原股份 (Muyuan Foods) down 2.02% at 56.19 and 立华股份 (Lihua Agricultural) down 1.77% at 23.80 [2] Capital Flow - The aquaculture sector experienced a net outflow of 742 million yuan from institutional investors, while retail investors saw a net inflow of 643 million yuan [2] - The table of capital flow indicates that 民和股份 (Minhe Livestock) had a net inflow of 5.90 million yuan from institutional investors, while 京基智农 (Jingji Zhino) had a net inflow of 4.58 million yuan [3]