Group 1 - Digital Zhengtong's subsidiary Baoding Jindi won a bid for a smart water project in Jinan, with a total contract value of 109 million yuan, of which Baoding Jindi's share is approximately 77 million yuan [1] - Lingzhi Software plans to acquire 100% equity of Kaimiride through a combination of cash and stock issuance, with the final transaction price yet to be determined [1] - Tianjin Port's subsidiary plans to transfer 60% equity of China Railway Storage and Transportation, with an estimated value of 37.54 million yuan for the entire equity [2] Group 2 - New Wufeng reported a 56.97% year-on-year increase in pig sales in October, selling 610,000 pigs [3] - New Peng Co. announced a joint investment of approximately 15 million USD with Jabil to build a battery storage box project in Thailand [4] - Maiwei Bio received approval for a clinical trial of its 9MW3811 injection for pathological scars [6] Group 3 - Jiangsu Sopo completed maintenance and resumed production of its methanol and acetic acid facilities [8] - Luoniushan reported a 24.65% year-on-year increase in pig sales revenue in October, totaling 116 million yuan [9][10] - Zhongbei Communication signed a 1 billion yuan comprehensive computing service framework agreement with Xiamen Hongxin Electronics [11] Group 4 - Huayang New Materials announced the resignation of its general manager, Wu Yuehua [12] - Zhongxin Co. used 50 million yuan of idle funds to purchase structured deposits with expected annual returns between 0.55% and 2.05% [14] - Huajian Group's subsidiary signed a construction engineering design contract worth 96.54 million yuan [16] Group 5 - Jianyou Co. received FDA approval for a new production site for its injectable drug [17] - Beilu Pharmaceutical obtained a drug registration certificate for its iodine mepivacaine injection, which is included in the national medical insurance catalog [19] - *ST Yuancheng's stock will be suspended due to falling below the market cap threshold for delisting [20] Group 6 - Xiantan Co. reported a 9.3% year-on-year increase in chicken product sales revenue in October, totaling 503 million yuan [21] - Huanxu Electronics reported an 8.93% year-on-year decrease in consolidated revenue for October, amounting to 5.598 billion yuan [23] - Yisheng Co. reported a 22.97% year-on-year decrease in white feather chicken seed sales revenue in October [25] Group 7 - Yuandong Bio initiated a Phase I/II clinical trial for its ADC drug YLSH003 targeting advanced solid tumors [25] - Xiaoming Co. reported a 34.89% year-on-year decrease in chicken product sales revenue in October [26] - Nanjiao Food reported a 5.27% year-on-year decrease in consolidated revenue for October, totaling 235 million yuan [28] Group 8 - Chuangye Huikang announced a potential change in control, leading to a temporary stock suspension [30] - Tangrenshen reported a 17.91% year-on-year decrease in pig sales revenue in October, totaling 828 million yuan [32][33] - Wancheng Group plans to distribute a cash dividend of 1.5 yuan per 10 shares to shareholders [34] Group 9 - Kangguan Technology plans to distribute a cash dividend of 3.6 yuan per 10 shares to shareholders [36] - Shoudu Online's executive plans to reduce holdings of up to 19,400 shares [38] - Maolai Optical received approval for the issuance of convertible bonds [40] Group 10 - Jinkai New Energy plans to distribute a cash dividend of 0.1 yuan per share to shareholders [41] - Tianchen Medical raised the upper limit for share repurchase to 70 yuan per share [42] - Tianmu Lake used 38 million yuan of idle funds to purchase structured deposits [43]

Core Insights - Xiantan Co., Ltd. reported a sales revenue of 502.65 million yuan for chicken products in October 2025, reflecting a year-on-year increase of 9.30% [2] - The sales volume for the same period was 56,300 tons, showing a year-on-year growth of 7.90% [2] - Month-on-month changes indicated a revenue increase of 3.65% and a slight decrease in sales volume by 1.13% [2] Financial Performance - Sales revenue for October 2025 reached 502.65 million yuan, marking a significant year-on-year growth [2] - The total sales quantity was 56,300 tons, which also represents a positive year-on-year change [2] - The month-on-month revenue growth was 3.65%, while the sales volume experienced a minor decline [2]

Core Viewpoint - Xiantan Co., Ltd. reported a chicken product sales revenue of 502.65 million yuan in October 2025, with a year-on-year growth of 9.30% and a month-on-month growth of 3.65% [1] Group 1: Company Performance - The company achieved chicken product sales revenue of 456.42 million yuan in the poultry breeding and processing sector, with a sales volume of 52.9 thousand tons, reflecting a year-on-year change of 6.75% and a month-on-month change of 4.05% [1] - The food processing sector generated chicken product sales revenue of 46.23 million yuan, with a sales volume of 3.5 thousand tons, showing a significant year-on-year increase of 43.09% and 48.91% in sales volume [1] Group 2: Sales Volume Analysis - The overall sales volume for chicken products reached 56.3 thousand tons, with a year-on-year increase of 7.90% and a month-on-month decrease of 1.13% [1] - The poultry breeding and processing sector's sales volume was 55.8 thousand tons before adjustments, indicating a year-on-year increase of 5.99% and a month-on-month decrease of 1.37% [1]

Group 1 - The core viewpoint of the article is that Xiantan Co., Ltd. reported a significant increase in chicken product sales revenue and volume for October 2025, indicating positive growth trends in both the poultry farming and food processing sectors [1] Group 2 - In October 2025, the company achieved chicken product sales revenue of 502.65 million yuan, with a sales volume of 56,300 tons, reflecting year-on-year changes of 9.30% and 7.90%, respectively, and quarter-on-quarter changes of 3.65% and -1.13% [1] - The poultry farming and processing industry generated chicken product sales revenue of 456.42 million yuan and a sales volume of 52,900 tons, with year-on-year changes of 6.75% and 5.99%, and quarter-on-quarter changes of 4.05% and -1.37% [1] - The food processing industry reported chicken product sales revenue of 46.23 million yuan and a sales volume of 3,500 tons, with year-on-year changes of 43.09% and 48.91%, and quarter-on-quarter changes of -0.11% and 2.74% [1]

Group 1 - The core viewpoint of the article highlights the sales performance of Xiantan Co., Ltd. in the poultry industry, indicating a positive growth trend in revenue and sales volume for chicken products in 2025 [1] Group 2 - The company achieved chicken product sales revenue of 502.65 million yuan and a sales volume of 56,300 tons in October 2025, with year-on-year changes of 9.30% in revenue and 7.90% in sales volume, while quarter-on-quarter changes were 3.65% and -1.13% respectively [1] - In the poultry breeding and processing sector, the company reported chicken product sales revenue of 456.42 million yuan and a sales volume of 52,900 tons, with year-on-year changes of 6.75% in revenue and 5.99% in sales volume, and quarter-on-quarter changes of 4.05% and -1.37% respectively [1] - The food processing sector generated chicken product sales revenue of 46.23 million yuan and a sales volume of 3,500 tons, with significant year-on-year changes of 43.09% in revenue and 48.91% in sales volume, while quarter-on-quarter changes were -0.11% and 2.74% respectively [1]

本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 一、2025 年 10 月份销售情况简报 证券代码：002746 证券简称：仙坛股份 公告编号：2025-065 山东仙坛股份有限公司 2025 年 10 月份销售情况简报 三、风险提示 1、上述披露仅为公司鸡肉产品的销售情况，不包含其他业务。请投资者注 意投资风险。 2、鸡肉产品销售价格大幅波动（上升或下降）可能会对公司的经营业绩产 生重大影响。敬请广大投资者审慎决策，注意投资风险。 特此公告。 山东仙坛股份有限公司（以下简称"公司"）2025 年 10 月实现鸡肉产品销售 收入 50,265.44 万元，销售数量 5.63 万吨，同比变动幅度分别为 9.30%、7.90%， 环比变动幅度分别为 3.65%、-1.13%。 山东仙坛股份有限公司董事会 2025 年 11 月 11 日 其中，家禽饲养加工行业实现鸡肉产品销售收入 45,642.15 万元，销售数量 5.29 万吨（注：抵消前的鸡肉产品销售收入为 49,165.21 万元，销售数量 5.58 万吨），同比变动 6.75%、5.99%，环比变动 4. ...

Core Viewpoint - Xiantan Co., Ltd. reported a sales revenue of 502.65 million yuan from chicken products in October 2025, with a year-on-year growth of 9.30% and a month-on-month growth of 3.65% [1] Company Summary - The poultry farming and processing sector achieved a sales revenue of 456.42 million yuan from chicken products, with a sales volume of 52,900 tons, reflecting a year-on-year change of 6.75% in revenue and 5.99% in volume [1] - The food processing sector generated a sales revenue of 46.23 million yuan from chicken products, with a sales volume of 3,500 tons, showing a significant year-on-year increase of 43.09% in revenue and 48.91% in volume [1] Industry Summary - The overall sales volume of chicken products was 56,300 tons, with a year-on-year increase of 7.90% and a month-on-month decrease of 1.13% [1] - The poultry farming and processing industry experienced a month-on-month revenue change of 4.05% and a volume change of -1.37% [1] - The food processing industry had a month-on-month revenue change of -0.11% and a volume change of 2.74% [1]

Core Insights - The company reported a chicken product sales revenue of 502.65 million yuan in October 2025, with a year-on-year growth of 9.30% and a month-on-month growth of 3.65% [1] - The total sales volume reached 56,300 tons, reflecting a year-on-year increase of 7.90% and a month-on-month decrease of 1.13% [1] Industry Summary - The poultry farming and processing sector generated revenue of 456.42 million yuan, with a sales volume of 52,900 tons, showing year-on-year growth of 6.75% and 5.99% respectively [1] - The food processing sector achieved revenue of 46.23 million yuan, with a sales volume of 3,500 tons, indicating significant year-on-year growth of 43.09% in revenue and 48.91% in sales volume, attributed to the release of processing capacity for prepared foods [1] - The company noted that the data is unaudited and that fluctuations in chicken prices may impact performance [1]

Investment Rating - Industry Rating: Outperform the market (maintained rating) [9] Core Views - The swine sector continues to experience losses, with an increasing number of culled sows, indicating a need to focus on the expected recovery in this sector [2][13] - The dairy and beef sectors are undergoing significant capacity reduction, with a potential turning point for milk prices anticipated [3][15] - The pet sector is witnessing a trend towards premiumization and the rise of domestic brands, reshaping the competitive landscape [4][16] - The poultry sector is facing challenges with breeding stock shortages and improving consumer demand for yellow chickens [5][18] - The seed industry is poised for a turnaround, with an emphasis on biotechnology and the commercialization of genetically modified crops [7][23] - The feed sector shows signs of recovery, with leading companies like Haida Group achieving revenue and profit growth [24][26] Summary by Sections Swine Sector - The industry continues to face losses, with the average price of live pigs at 12.02 CNY/kg, down 4.07% from the previous week [13] - The average market value per head for leading companies is at historical low levels, with Muyuan at 3000-3500 CNY/head and Wens at 2000-3000 CNY/head [14] - Recommended stocks include leading breeders like Muyuan and Wens, with additional focus on flexible stocks such as Shennong Group and Dekang Agriculture [14] Beef Sector - The price of beef cattle is showing signs of stabilization, with the average price for fattened bulls at 25.62 CNY/kg [15] - The dairy cow population has decreased by 8%, indicating a significant capacity reduction [15] - Companies with mother cow resources or those adopting a "milk-meat linkage" model are expected to have stronger profitability [15] Pet Sector - The Double Eleven shopping festival highlighted the resilience and structural upgrades in the pet food market, with domestic brands gaining market share [4][16] - Key recommendations include pet food brands like Guibao Pet and Zhongchong Co., with a focus on companies with technological advantages and comprehensive product lines [17] Poultry Sector - The white chicken sector is under pressure due to breeding stock shortages, with a focus on the impact of avian influenza on imports [18][19] - Yellow chicken prices are expected to improve due to supply constraints and increasing consumer demand [20] - Recommended stocks include leading companies like Shennong Development and Yisheng Biological [19] Seed Sector - The seed industry is expected to benefit from increased focus on food security and the commercialization of genetically modified crops [7][23] - Key recommendations include leading seed companies like Longping High-Tech and Dabeinong [23] Feed Sector - Haida Group is highlighted as a key player in the feed sector, with significant market share growth and revenue increases [24][26] - The overall feed market is expected to recover as smaller companies exit the market, leading to improved conditions for remaining players [24]

Core Insights - The aquaculture sector experienced a slight increase of 0.31% on November 7, with Tianyu Biological leading the gains [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Aquaculture Sector Performance - Tianyu Biological (603717) closed at 9.46, up 3.05% with a trading volume of 169,600 shares and a turnover of 160 million yuan [1] - Other notable performers included: - Luoniushan (000735) at 8.12, up 2.40% with a volume of 1,088,900 shares [1] - Zhengbang Technology (002157) at 66.7, up 1.36% with a volume of 1,212,200 shares [1] - Muyuans (002714) at 49.71, up 0.93% with a volume of 285,500 shares [1] Capital Flow Analysis - The aquaculture sector saw a net inflow of 223 million yuan from institutional investors, while retail investors experienced a net outflow of 11.04 million yuan [2] - Key stocks with significant capital flow included: - Muyuan (002714) with a net inflow of 214 million yuan from institutional investors [3] - Jingji Zhino (000048) with a net inflow of 50.59 million yuan from institutional investors [3] - Zhengbang Technology (002157) with a net inflow of 24.48 million yuan from institutional investors [3]