Group 1 - The core viewpoint indicates that the poultry industry, particularly the yellow-feathered chicken sector, has returned to profitability since August, with individual chicken profits estimated at 3-4 yuan, potentially offsetting earlier losses in the year [1] - The Pacific Securities report highlights a significant turnaround in the yellow chicken industry's integrated breeding model, which has led to substantial profits in August, contrasting with previous losses [1] - The recent increase in yellow chicken prices is attributed to low production capacity and a recovery in consumer demand, with expectations for continued price rebounds as the autumn and winter consumption peak approaches [1] Group 2 - As of August 29, 2025, the top ten weighted stocks in the China Securities Livestock Breeding Index account for 65.57% of the index, including major companies such as Muyuan Foods, Wens Foodstuff Group, and Haida Group [2]

Group 1 - The company Tangrenshen has begun supplying some meat products to Pandonglai through distributors and aims to expand the range of products supplied in the future [1]

格隆汇9月16日丨唐人神(002567.SZ)在投资者互动平台表示，目前公司已通过经销商供应部分肉制品给 胖东来，未来争取供应更多品类。 ...

Core Viewpoint - The company Tangrenshen (002567.SZ) has begun supplying certain meat products to the retailer Pang Dong Lai through distributors, with plans to expand the range of products supplied in the future [1] Group 1 - The company is currently supplying some meat products to Pang Dong Lai [1] - There is an intention to increase the variety of products supplied to Pang Dong Lai in the future [1]

Market Overview - The feed sector increased by 2.52% on September 15, with Aonong Biological leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Key Stocks Performance - Aonong Biological (603363) closed at 6.04, up 10.02% with a trading volume of 1.5461 million shares and a transaction value of 908 million yuan [1] - Tiankang Biological (002100) closed at 8.05, up 8.20% with a trading volume of 1.4636 million shares and a transaction value of 1.158 billion yuan [1] - Haida Group (002311) closed at 67.35, up 3.62% with a trading volume of 79,700 shares and a transaction value of 534 million yuan [1] - Other notable stocks include Quanjinong (002548) up 3.33%, Zhenghong Technology (000702) up 2.01%, and Tangrenshen (002567) up 1.80% [1] Capital Flow Analysis - The feed sector saw a net inflow of 116 million yuan from institutional investors, while retail investors experienced a net outflow of 47.8 million yuan [2] - Aonong Biological had a significant net inflow of 204 million yuan from institutional investors, representing 22.44% of its trading volume [3] - Tiankang Biological and Zhenghong Technology also saw net inflows from institutional investors, although retail investors showed net outflows [3]

为进一步加强与投资者的互动交流，唐人神集团股份有限公司（以下简称"公 司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公司联 合举办的"资本聚三湘 楚光耀新程——2025 年湖南辖区上市公司投资者网上 集体接待日暨半年度业绩说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 9 月 19 日（星期五）14:00-17:00。届时公 司高管将在线就公司 2024 年至 2025 半年度业绩、公司治理、发展战略、经营状 况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通 与交流，欢迎广大投资者踊跃参与。 特此公告。 唐人神集团股份有限公司董事会 二〇二五年九月十二日 证券代码：002567 证券简称：唐人神 公告编号：2025-084 唐人神集团股份有限公司 关于参加2025年湖南辖区上市公司投资者网上 集体接待日暨半年度业绩说明会活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准 ...

Core Viewpoint - The strategic cooperation between Xue Tian Salt Industry Group and Tang Ren Shen Group marks the beginning of a comprehensive partnership aimed at enhancing public health through innovative and high-quality food products [1][3]. Group 1: Xue Tian Salt Industry - Xue Tian Salt Industry adheres to the core value of "innovation as the source, quality as the soul," focusing on developing healthy salt products such as ecological salt and low-sodium salt [3]. - The company has established three major business segments: salt and food, salt chemicals, and new energy materials, with the salt chemical segment having a production capacity of over one million tons [3]. - Xue Tian Salt Industry aims to enhance public health awareness through various initiatives, including academic forums and event collaborations [3]. Group 2: Tang Ren Shen Group - Tang Ren Shen Group has evolved from a small feed factory to one of China's top 500 private enterprises over 38 years, with a projected output value of 30.8 billion yuan in 2024 [4]. - The group focuses on agricultural development, emphasizing technological advancement and talent-driven growth to standardize and scale agricultural production [4]. - Tang Ren Shen Group aims to meet the growing demand for high-quality food products in the trillion-yuan food market by producing eco-friendly raw materials [4]. Group 3: Collaboration Goals - The two companies will collaborate on sodium-reduced product development, joint brand promotion, market expansion, and food packaging innovation [4]. - The partnership seeks to integrate Xue Tian's health salt technology and industry resources with Tang Ren Shen's quality control, food development, and channel operation expertise [4]. - The collaboration aims to create a healthy food ecosystem from raw materials to the dining table, contributing to the "Xiang Zhi Xing Xiang" strategy in Hunan Province and promoting high-quality development through shared growth [4].

Core Viewpoint - The strategic cooperation between Xue Tian Salt Industry Group and Tang Ren Shen Group aims to enhance health-focused food production and distribution, leveraging each company's strengths in their respective fields [1][3][4]. Group 1: Company Overview - Xue Tian Salt Industry emphasizes innovation and quality, focusing on ecological salt and low-sodium products, supported by technological advancements such as the first ecological certification and a dedicated ceramic membrane production line [3]. - The company operates three main business segments: salt and food, salt chemicals, and new energy materials, with the salt chemicals segment having a production capacity of over one million tons [3]. - Xue Tian Salt Industry holds a leading market share in the national edible salt market [3]. Group 2: Tang Ren Shen Group Overview - Tang Ren Shen Group has evolved from a small feed factory to one of China's top 500 private enterprises over 38 years, with a projected output value of 30.8 billion yuan in 2024 [3]. - The group focuses on agricultural development, emphasizing technological advancement and talent cultivation to drive standardization and scale in the agricultural industry [3]. Group 3: Strategic Cooperation Details - The agreement between Xue Tian Salt Industry and Tang Ren Shen Group will leverage Xue Tian's health-focused salt technology and supply chain resources alongside Tang Ren Shen's quality control and food development expertise [4]. - The collaboration aims to promote low-sodium product development, joint brand marketing, new market expansion, and food packaging cooperation, creating a comprehensive ecological chain from raw materials to the dining table [4]. - This partnership aligns with Hunan Province's "Xiang Zhi Xing Xiang" strategy, focusing on public health and achieving shared benefits [4].

Core Viewpoint - Tangrenshen experienced a slight decline of 0.20% on September 9, with a trading volume of 186 million yuan, indicating a stable but cautious market sentiment towards the company [1]. Financing Summary - On September 9, Tangrenshen had a financing buy-in amount of 25.52 million yuan and a financing repayment of 21.01 million yuan, resulting in a net financing buy of 4.51 million yuan [1]. - As of September 9, the total financing and securities lending balance for Tangrenshen was 461 million yuan, with the financing balance accounting for 6.55% of the circulating market value, which is above the 50th percentile level over the past year, indicating a relatively high position [1]. - In terms of securities lending, Tangrenshen repaid 4,100 shares and sold 200 shares on September 9, with a selling amount of 978 yuan at the closing price. The remaining securities lending volume was 367,700 shares, with a balance of 1.80 million yuan, exceeding the 70th percentile level over the past year, also indicating a high position [1]. Business Performance - As of June 30, the number of shareholders for Tangrenshen was 78,400, a decrease of 10.95% from the previous period, while the average circulating shares per person increased by 12.29% to 18,252 shares [2]. - For the first half of 2025, Tangrenshen reported an operating income of 12.468 billion yuan, representing a year-on-year growth of 15.05%. However, the net profit attributable to the parent company was -599.25 million yuan, a significant decrease of 1386.75% year-on-year [2]. - Since its A-share listing, Tangrenshen has distributed a total of 972 million yuan in dividends, with 50.91 million yuan distributed over the past three years [2]. Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders of Tangrenshen, the Guotai Zhongzheng Livestock Breeding ETF ranked as the third-largest shareholder with 20.40 million shares, an increase of 825,200 shares from the previous period [2]. - The Southern Zhongzheng 1000 ETF ranked fourth with 13.27 million shares, an increase of 2.55 million shares, while Hong Kong Central Clearing Limited ranked fifth with 10.89 million shares, a decrease of 522,990 shares [2]. - The Yinhua Agricultural Industry Stock Initiation A ranked sixth with 10.06 million shares, an increase of 524,400 shares from the previous period [2].

Group 1 - The company reported a cumulative pig sales volume of 2.5936 million heads from January to June 2025 [2] - The sales of pigs in the Guangdong region accounted for approximately 15% of the company's total output [2] - The self-raised pig production cost under the "company + farmer" model in June 2025 was 12.71 yuan per kilogram, excluding the cost of externally sourced piglets [2]