Group 1 - The agricultural planting sector is experiencing a downturn, with multiple companies facing significant declines [1] - Zhongxing Junye has hit the daily limit down, indicating severe market pressure [1] - Other companies such as Wancheng Group, Quanyin High-Tech, Hualv Biological, Honghui Fruits and Vegetables, Beidahuang, and Dunhuang Seed Industry are also seeing declines in their stock prices [1]

证券之星消息，1月8日种植业板块较上一交易日上涨0.49%，众兴菌业领涨。当日上证指数报收于 4082.98，下跌0.07%。深证成指报收于13959.48，下跌0.51%。种植业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002772 | 众兴菌业 | 16.10 | 7.26% | 22.25万 | | 3.49 Z | | 300970 | 华绿生物 | 20.62 | 5.53% | 8.65万 | | ● 1.75亿 | | 603336 | 宏辉果蔬 | 9.10 | 3.88% | 17.78万 | | 1.61亿 | | 300511 | 雪榕生物 | 6.31 | 2.60% | 23.90万 | | 1.49亿 | | 920403 | 康农种业 | 23.55 | 1.73% | 1.58万 | 3700.57万 | | | 300189 | 神农种业 | 7.25 | 1.68% | 177.89万 | | 12.90亿 | | ...

Group 1 - The core point of the news is that Zhongxing Mushroom Industry has seen a stock price increase of 5.4%, reaching 15.82 CNY per share, with a trading volume of 1.52 billion CNY and a turnover rate of 2.56%, resulting in a total market capitalization of 62.21 billion CNY [1] - Zhongxing Mushroom Industry, established on November 18, 2005, and listed on June 26, 2015, is primarily engaged in the research, cultivation, and sales of edible mushrooms [1] - The company's main revenue composition includes: 63.04% from Agaricus bisporus, 35.32% from Enoki mushrooms, 0.89% from Cordyceps, 0.53% from ecological breeding of Cordyceps sinensis, and 0.22% from other sources [1] Group 2 - From the perspective of major fund holdings, a fund under Yinhua Fund has a significant position in Zhongxing Mushroom Industry, with Yinhua Yongxiang Flexible Allocation Mixed Fund (180028) holding 439,800 shares, accounting for 4.96% of the fund's net value, making it the largest holding [2] - The Yinhua Yongxiang Flexible Allocation Mixed Fund (180028) was established on June 28, 2011, with a latest scale of 92.028 million CNY, and has achieved a year-to-date return of 1.8% [2] - The fund manager, Guo Sijie, has been in position for 5 years and 165 days, with the fund's total assets currently at 753 million CNY, and the best and worst returns during his tenure being -10.97% and -38.55%, respectively [2]

Core Viewpoint - Zhongxing Junye announced that as of the date of the announcement, the company's actual external guarantees are solely for its wholly-owned subsidiaries and wholly-owned sub-subsidiaries, with no other external guarantees [2] Summary by Category - **Company Guarantees** - The company has confirmed that all external guarantees are exclusively for its wholly-owned subsidiaries and sub-subsidiaries [2]

Core Viewpoint - The company has announced the establishment of a wholly-owned subsidiary, Hebei Zhongxing Mushroom Industry Technology Co., Ltd., with an investment of 30 million yuan [1]. Group 1 - The board of directors approved the investment proposal during the 21st meeting of the fifth board on December 31, 2025 [1]. - The subsidiary has completed the business registration process and obtained a business license issued by the Administrative Approval Bureau of Linxi County [1].

证券代码：002772 证券简称：众兴菌业 公告编号：2026-010 天水众兴菌业科技股份有限公司 关于调剂担保额度及对外担保进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 天水众兴菌业科技股份有限公司（以下简称"公司"）于 2025 年 12 月 09 日召开的第五届董事会第十九次会议及于 2025 年 12 月 26 日召开的 2025 年第 四次临时股东会审议通过了《关于 2026 年度对外担保额度预计的议案》，为满 足公司及全资子（孙）公司日常经营及项目建设资金需求，提高融资决策效率， 同意公司 2026 年度新增为合并报表范围内部分全资子公司以及部分全资孙公司 提供不超过 110,000 万元的担保额度，其中：向资产负债率 70%以上的全资子 （孙）公司预计提供担保额度不超过 41,000 万元，向资产负债率 70%以下的全 资子（孙）公司预计提供担保额度不超过 69,000 万元。有效期限自股东会审议 通过后 12 个月内。在有效期限和额度范围内，任一时点新增的担保余额不得超 过股东会审议通过的担保额度。 具体担保形式 ...

1、名称：河北众兴菌业科技有限公司 8、经营范围：一般项目：技术服务、技术开发、技术咨询、技术交流、技 术转让、技术推广；食用菌种植；生物有机肥料研发；食用农产品初加工；中草 药种植（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）许可项 目：食用菌菌种经营；食用菌菌种生产（依法须经批准的项目，经相关部门批准 1 / 2 证券代码：002772 证券简称：众兴菌业 公告编号：2026-009 天水众兴菌业科技股份有限公司 关于投资设立全资子公司的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 天水众兴菌业科技股份有限公司（以下简称"公司"）于 2025 年 12 月 31 日召开第五届董事会第二十一次会议审议通过了《关于拟投资设立全资子公司的 议案》，董事会同意公司以自有资金 3,000 万元投资设立全资子公司河北众兴菌 业科技有限公司，相关内容详见公司刊登在信息披露媒体《证券时报》、《证券 日报》和巨潮资讯网（http://www.cninfo.com.cn）上的《关于投资设立全资子公 司的公告》（公告编号：2026-006）。 一、进展情 ...

Core Insights - The planting industry sector experienced a rise of 1.51% on January 6, with Shennong Seed Industry leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up by 1.5%, while the Shenzhen Component Index closed at 14022.55, up by 1.4% [1] Sector Performance - Shennong Seed Industry (681006) closed at 7.31, with a gain of 3.39% and a trading volume of 2.6383 million shares, amounting to a transaction value of 1.942 billion [1] - Hainan Rubber (601118) closed at 5.76, up by 2.67%, with a trading volume of 905,700 shares, resulting in a transaction value of 520 million [1] - Other notable performers include Kangnong Seed Industry (920403) with a closing price of 23.40, up by 2.63%, and Honghui Fruits and Vegetables (603336) at 8.79, up by 2.45% [1] Capital Flow - The planting industry sector saw a net inflow of 148 million from institutional investors, while retail investors experienced a net outflow of 118 million [2] - The main capital inflow was led by Shennong Seed Industry, which had a net inflow of 139 million, representing 7.18% of its trading volume [3] - Hainan Rubber had a net inflow of 18.55 million, while retail investors showed a net outflow of 540,410 [3]

Market Overview - The planting industry sector declined by 0.78% on January 5, with Shennong Agricultural Technology leading the decline [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] Stock Performance - Notable gainers in the planting sector included: - Noposion: Closed at 10.77, up 1.70% with a trading volume of 121,600 shares and a turnover of 131 million yuan [1] - Guotou Fengle: Closed at 6.68, up 0.91% with a trading volume of 72,100 shares and a turnover of 47.99 million yuan [1] - Qiu Le Seed Industry: Closed at 16.08, up 0.82% with a trading volume of 33,900 shares and a turnover of 54.37 million yuan [1] - Shennong Agricultural Technology was the biggest loser, closing at 7.07, down 4.97% with a trading volume of 2,384,300 shares and a turnover of 1.677 billion yuan [2] Capital Flow - The planting industry sector experienced a net outflow of 36.51 million yuan from institutional funds, while retail investors saw a net inflow of 80.96 million yuan [2] - The capital flow for specific stocks showed: - Qianyuan High-Tech: Net inflow of 55.91 million yuan from institutional funds, but a net outflow of 46.12 million yuan from speculative funds [3] - Hainan Rubber: Net inflow of 16.70 million yuan from institutional funds, with a net outflow of 3.07 million yuan from retail investors [3] - Yasheng Group: Net inflow of 15.96 million yuan from institutional funds, with a significant net outflow from retail investors [3]

Investment Rating - The report recommends focusing on the cyclical turning points in the pig and beef farming sectors, highlighting companies like Muyuan Foods and WH Group as potential investments. The pet industry shows clear growth potential, with companies that integrate production, sales, and research expected to succeed, such as Zhongchong Co., Guibao Pet, and Petty Co. The planting sector also has significant growth potential, with recommendations for companies like Morning Light Bio and Noposion [11]. Core Insights - The pig farming sector is expected to face continued low prices in the first half of 2026, driven by both policy and cyclical factors, with a focus on cost improvement and growth potential in pig farming enterprises [2][15]. - The poultry sector is experiencing a recovery phase, with white chicken prices remaining low and yellow chicken demand potentially increasing due to promotional activities [3][37]. - The beef farming sector is characterized by a long production cycle, with supply-side contractions likely to drive prices upward, particularly from 2025 onwards [4][46]. - The feed and animal health sectors are expected to see growth in sales, with a focus on the competitive landscape and the impact of low profits on animal health demand [5][63]. - The planting sector is projected to see stable grain prices, driven by domestic control and innovation, with a focus on specialty crops and plant extracts [6][69]. Summary by Sections Pig Farming - Prices are expected to remain low in the first half of 2026, with a gradual increase in supply due to rising breeding sow inventories [15]. - Capacity policies and cyclical adjustments are leading to a continued reduction in production capacity, with a focus on cost reduction and debt management among pig farming companies [23][27]. - Companies like Muyuan Foods are highlighted for their cost improvements, with expectations of further reductions in production costs [29]. Poultry Farming - The white chicken industry is in a deep price slump, with recovery expected to take time, while yellow chicken prices may see slight recovery due to promotional efforts [32][37]. - Leading companies are improving their operational efficiencies to cope with low prices, which may enhance their performance when prices recover [33]. Beef Farming - The long production cycle and fragmented market structure of beef farming in China are significant factors, with supply reductions expected to lead to price increases starting in 2025 [41][46]. - The beef supply is projected to decrease in the latter half of 2025, with expectations of continued price increases through 2027 [47]. Feed and Animal Health - The feed sector is expected to see a recovery in sales, with high inventory levels in the livestock sector supporting growth [52]. - The animal health sector may face pressure due to low profits in the livestock sector, but there are opportunities for breakthroughs in key products [63][65]. Planting - Grain prices are expected to stabilize and rise, with a focus on domestic production and innovation in seed varieties [69][75]. - The planting sector is seeing a shift towards high-quality, innovative seed varieties, with companies like Kangnong Seed showing strong growth potential [87].