Core Insights - Jin Xin Nong's stock price dropped by 4.35% on November 17, with a trading volume of 304 million yuan [1] - The company reported a net financing outflow of 21.64 million yuan on the same day, indicating a high level of financing activity [1][2] - As of September 30, 2025, Jin Xin Nong's revenue was 3.54 billion yuan, showing a year-on-year growth of 3.04%, but the net profit attributable to shareholders was -94.22 million yuan, a significant decline of 438.06% [2] Financing and Trading Activity - On November 17, Jin Xin Nong had a financing buy-in of 27.59 million yuan and a total financing balance of 242 million yuan, which represents 5.69% of its market capitalization [1] - The financing balance is above the 90th percentile of the past year, indicating a high level of leverage [1] - The company had a short selling balance of 528 yuan, with a short selling volume of 100 shares, also reflecting a high level of short interest [1] Shareholder and Dividend Information - As of September 30, 2025, the number of shareholders decreased by 13.57% to 43,400, while the average number of circulating shares per person increased by 15.70% to 18,530 shares [2] - Since its A-share listing, Jin Xin Nong has distributed a total of 368 million yuan in dividends, but there have been no dividends paid in the last three years [2] - The second-largest circulating shareholder is Guotai Zhongxin Livestock Breeding ETF, which increased its holdings by 4.72 million shares to 12.73 million shares [2]

Core Insights - The feed sector experienced a slight increase of 0.07% on November 17, with Tianma Technology leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Feed Sector Performance - Tianma Technology (603668) closed at 15.33, up 6.16% with a trading volume of 898,500 shares and a transaction value of 1.402 billion [1] - Other notable performers included: - Zhongchong Co., Ltd. (002891) at 59.69, up 3.86% [1] - Zhenghong Technology (000702) at 7.65, up 1.06% [1] - Petty Holdings (300673) at 17.70, up 0.91% [1] - Guibao Pet (301498) at 72.62, up 0.54% [1] Capital Flow Analysis - The feed sector saw a net outflow of 118 million from institutional investors and 78.86 million from retail investors, while retail investors had a net inflow of 197 million [2] - The capital flow for key stocks included: - Tianma Technology had a net inflow of 1.03 billion from institutional investors, but a net outflow of 130 million from retail investors [3] - Haida Group (002311) had a net inflow of 11.08 million from institutional investors [3] - Other stocks like Petty Holdings and Zhenghong Technology experienced net outflows from institutional investors [3]

Group 1 - The core point of the news is that Jin Xin Nong's stock price has dropped by 5.07%, currently trading at 5.24 CNY per share, with a total market capitalization of 4.34 billion CNY [1] - Jin Xin Nong's main business involves the research, production, and sales of pig feed products, with revenue composition as follows: pig compound feed 49.43%, live pigs 32.10%, other feed 9.29%, pig concentrated feed 5.43%, pig premix feed 2.82%, others 0.58%, and feed raw materials 0.35% [1] Group 2 - Guotai Fund's Guotai Zhongzheng Livestock Breeding ETF (159865) is among the top ten circulating shareholders of Jin Xin Nong, having increased its holdings by 4.72 million shares in Q3, totaling 12.73 million shares, which is 1.58% of the circulating shares [2] - The Guotai Zhongzheng Livestock Breeding ETF has a current scale of 6.097 billion CNY, with a year-to-date return of 16.52% and a one-year return of 12.55% [2] - The fund manager, Liang Xing, has been in position for 9 years and 165 days, with the fund's total asset scale at 30.617 billion CNY and a best return of 1112.34% during his tenure [3]

Core Insights - The feed sector experienced a decline of 0.24% on November 14, with Zhongchong Co., Ltd. leading the losses [1][2] - The Shanghai Composite Index closed at 3990.49, down 0.97%, while the Shenzhen Component Index closed at 13216.03, down 1.93% [1] Market Performance - Tianma Technology (603668) saw a price increase of 3.29%, closing at 14.44, with a trading volume of 446,400 shares and a turnover of 642 million yuan [1] - Other notable gainers included Kesi Thought (001313) with a 3.16% increase and Baiyang Co., Ltd. (002696) with a 0.84% increase [1] - Zhongchong Co., Ltd. (002891) led the declines with a drop of 2.53%, closing at 57.47, with a trading volume of 33,300 shares and a turnover of 193 million yuan [2] Capital Flow - The feed sector experienced a net outflow of 80.91 million yuan from institutional investors and 50.57 million yuan from retail investors, while individual investors saw a net inflow of 131 million yuan [2] - Tianma Technology had a net inflow of 32.96 million yuan from institutional investors, while Hai Da Group (002311) had a net inflow of 15.96 million yuan [3] - Conversely, companies like Boen Group (001366) and Hefa Co., Ltd. (603609) experienced significant net outflows from institutional and retail investors [3]

Core Points - On November 12, 2025, Jin Xin Nong announced a significant share reduction by its controlling shareholder, Guangzhou Jin Nong Industrial Investment Partnership [2] - The controlling shareholder reduced its stake by a total of 8,975,865 shares, which included 2,345,410 shares sold through centralized bidding and 6,630,455 shares sold via block trading [2] - Following the share reduction, the controlling shareholder's ownership percentage decreased from 31.3552% to 30.2714%, triggering a change in equity that touched the 1% integer multiple [2]

Core Points - The company Jin Xin Nong (002548.SZ) announced a significant share reduction by its controlling shareholder, Jin Nong Chan Tou [1] - The share reduction occurred in two transactions: 2.3454 million shares were sold through centralized bidding on November 6, 2025, and 6.6305 million shares were sold via block trading on November 12, 2025, totaling 8.9759 million shares [1] - Following the share reduction, Jin Nong Chan Tou's ownership percentage decreased from 31.3552% to 30.2714%, marking a change that touches the 1% integer threshold [1]

格隆汇11月12日丨金新农(002548.SZ)公布,公司于2025年11月12日收到控股股东金农产投《关于股份变 动触及1%整数倍的告知函》，金农产投于2025年11月6日通过集中竞价方式减持金新农股票234.54万 股，2025年11月12日通过大宗交易方式减持金新农股票663.05万股，合计减持股份897.59万股，减持的 股份来源于此前通过集中竞价方式买入的股份。本次减持导致金农产投的持股比例由31.3552%变动为 30.2714%，权益变动触及1%整数倍。 ...

Core Viewpoint - The company announced a significant reduction in shareholding by its controlling shareholder, which will not affect the company's control structure [1] Group 1: Shareholding Changes - The controlling shareholder, Guangzhou Jinnong Industrial Investment Partnership (Limited Partnership), reduced its stake by selling a total of 8.9759 million shares [1] - The shareholding percentage decreased from 31.36% to 30.27% following the share reduction [1] - After the reduction, the controlling shareholder holds 25,069.95 million shares, representing 30.27% of the total share capital [1] Group 2: Transaction Details - The share reduction occurred through two methods: 2.3454 million shares were sold via centralized bidding on November 6, 2025, and 6.6305 million shares were sold through block trading on November 12, 2025 [1] - The transactions were conducted in compliance with relevant laws and regulations, ensuring that there was no violation [1]

证券代码：002548 证券简称：金新农 公告编号：2025-082 深圳市金新农科技股份有限公司 关于控股股东权益变动触及 1%整数倍的公告 控股股东广州金农产业投资合伙企业（有限合伙）保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 2 按照《证券法》第六十三条 的规定，是否存在不得行使 表决权的股份 是 否 如是，请说明对应股份数量及占现有上市公司股 本的比例。 6．30%以上股东增持股份的说明（如适用） 本次增持是否符合《上市公 司收购管理办法》规定的免 于要约收购的情形 不适用 股东及其一致行动人法定期 限内不减持公司股份的承诺 不适用 7．备查文件 1．中国证券登记结算有限责任公司持股变动明细 2．相关书面承诺文件 3．律师的书面意见 4．深交所要求的其他文件 特此公告。 深圳市金新农科技股份有限公司董事会 2025 年 11 月 12 日 深圳市金新农科技股份有限公司（以下简称公司或金新农）于 2025 年 11 月 12 日收到控股股东广州金农产业投资合伙企业（有限合伙）（以下简称金农产 投或控股股东）《关于股份变动触及 1%整数倍的告知函》，金农产投于 20 ...

Summary of Key Points Core Viewpoint - On November 12, Jin Xin Nong executed a block trade of 6.6305 million shares, amounting to 36.9979 million yuan, which accounted for 11.92% of the total trading volume for the day, with a transaction price of 5.58 yuan, reflecting a discount of 1.93% compared to the market closing price of 5.69 yuan [1]. Group 1: Trading Details - The block trade on November 12 involved a total of 663.05 million shares at a price of 5.58 yuan per share [1]. - The total transaction value for the block trade was 36.9979 million yuan [1]. - The transaction price represented a discount of 1.93% from the market closing price of 5.69 yuan [1]. Group 2: Transaction Breakdown - The trading volume included multiple transactions, with notable volumes of 138,000 shares, 280,000 shares, and 245,050 shares at the same price of 5.58 yuan [2]. - The buyers included various securities firms such as Changjiang Securities and CITIC Securities, while the sellers were primarily from CITIC Securities and Guotai Junan Securities [2]. - The total transaction amounts for the individual trades were 770.04 thousand yuan, 1,562.40 thousand yuan, and 1,367.35 thousand yuan respectively [2].