Core Viewpoint - Xiangjia Co., Ltd. announced the signing of a tripartite supervision agreement regarding the management and use of raised funds to protect investors' interests [1] Group 1 - The company and its wholly-owned subsidiary, Guangxi Xiangjia Animal Husbandry Co., Ltd., have entered into this agreement with the sponsor, Guolian Minsheng Securities, and the commercial bank holding the raised funds [1] - The agreement aims to standardize the storage, management, and utilization of the raised funds [1]

| 证券代码：002982 | 证券简称：湘佳股份 | 公告编号：2026-004 | | --- | --- | --- | | 债券代码：127060 | 债券简称：湘佳转债 | | 湖南湘佳牧业股份有限公司 关于签订募集资金三方监管协议的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准湖南湘佳牧业股份有限公司公开发行 可转换公司债券的批复》（证监许可〔2021〕1814 号）核准，湖南湘佳牧业股 份有限公司（以下简称"公司"）于 2022 年 4 月 19 日公开发行了 640 万张可转 换公司债券，每张面值 100 元，募集资金总额 64,000 万元，扣除各项发行费用 （含税）后的实际募集资金净额为 630,463,500.00 元。天健会计师事务所（特 殊普通合伙）已对公司本次发行可转换公司债券募集资金到位情况进行了审验， 并出具了《验证报告》（天健验字[2022]2-8 号）。 三、《募集资金三方监管协议》的主要内容 甲方 1：湖南湘佳牧业股份有限公司（以下简称"甲方"） 甲方 2：广 ...

Core Viewpoint - Xiangjia Co., Ltd. reported its poultry sales and revenue figures for December 2025, indicating a significant increase in sales volume and revenue compared to previous periods, while the average selling price showed a slight decrease [1] Group 1: December 2025 Performance - The company sold 4.4424 million live poultry in December 2025, generating sales revenue of 104 million yuan [1] - The sales volume and revenue increased by 21.94% and 22.57% respectively compared to the previous month [1] - The average selling price was 10.71 yuan per kilogram, showing a marginal decrease of 0.04% month-on-month [1] Group 2: Annual Performance for 2025 - For the entire year of 2025, the company sold 47.5602 million live poultry, with total sales revenue reaching 952 million yuan [1] - Year-on-year changes for sales volume, revenue, and average selling price were 5.04%, -2.79%, and -8.91% respectively [1] - The average selling price for the year was 9.82 yuan per kilogram, reflecting a decline compared to the previous year [1]

Core Viewpoint - Xiangjia Co., Ltd. (002982.SZ) reported its sales performance for December 2025, indicating a significant increase in sales volume and revenue compared to the previous month, while the average selling price showed a slight decrease [1] Group 1: December 2025 Sales Performance - The company sold 4.4424 million live poultry in December 2025, generating a sales revenue of 104.3065 million yuan [1] - The average selling price for live poultry was 10.71 yuan per kilogram, with month-on-month changes of 21.94% in sales volume, 22.57% in revenue, and a negligible decrease of 0.04% in price [1] - Year-on-year changes for December 2025 showed an increase of 3.15% in sales volume, 20.17% in revenue, and an increase of 11.55% in average selling price [1] Group 2: Annual Sales Performance for 2025 - For the entire year of 2025, the company sold 47.5602 million live poultry, achieving a total sales revenue of 952.0987 million yuan [1] - The average selling price for the year was 9.82 yuan per kilogram, with year-on-year changes of 5.04% in sales volume, a decrease of 2.79% in revenue, and a decline of 8.91% in average selling price [1]

Core Viewpoint - Xiangjia Co., Ltd. reported sales of live poultry in December 2025, totaling 4.4424 million heads, generating revenue of 104 million yuan, with an average selling price of 10.71 yuan per kilogram [1] Sales Performance - The sales volume of live poultry increased by 21.94% month-on-month and 3.15% year-on-year [1] - The sales revenue rose by 22.57% month-on-month and 20.17% year-on-year [1] - The average selling price experienced a slight decrease of 0.04% month-on-month but an increase of 11.55% year-on-year [1]

Core Viewpoint - Xiangjia Co., Ltd. (002982.SZ) reported its sales performance for December 2025, indicating a significant increase in sales volume and revenue compared to the previous month, while the average selling price showed a slight decrease [1] Group 1: December 2025 Performance - The company sold 4.4424 million live poultry in December 2025, generating a sales revenue of 104.3065 million yuan [1] - The average selling price for live poultry was 10.71 yuan per kilogram, with a month-on-month change of -0.04% [1] - Year-on-year changes for December 2025 included a 3.15% increase in sales volume, a 20.17% increase in sales revenue, and an 11.55% increase in average selling price [1] Group 2: Annual Performance for 2025 - For the entire year of 2025, the company sold 47.5602 million live poultry, with total sales revenue reaching 952.0987 million yuan [1] - The average selling price for the year was 9.82 yuan per kilogram, reflecting a year-on-year decrease of 8.91% [1] - Year-on-year changes for 2025 included a 5.04% increase in sales volume and a 2.79% decrease in sales revenue [1]

Group 1 - The core point of the article is that Xiangjia Co., Ltd. reported its sales figures for live poultry in December 2025, showing significant year-on-year and month-on-month changes in sales volume and revenue [1] Group 2 - In December 2025, the company sold 4.4424 million live poultry, generating sales revenue of 104 million yuan, with an average selling price of 10.71 yuan per kilogram [1] - The month-on-month changes in sales volume, revenue, and average price were 21.94%, 22.57%, and -0.04% respectively [1] - Year-on-year changes for December 2025 in sales volume, revenue, and average price were 3.15%, 20.17%, and 11.55% respectively [1] Group 3 - For the entire year of 2025, the company sold 47.5602 million live poultry, with total sales revenue of 952 million yuan and an average selling price of 9.82 yuan per kilogram [1] - The year-on-year changes in sales volume, revenue, and average price for 2025 were 5.04%, -2.79%, and -8.91% respectively [1]

一、2025 年 12 月份及 2025 年度活禽销售情况 湖南湘佳牧业股份有限公司（以下简称"公司"）2025 年 12 月份销售活禽 444.24 万只，销售收入 10,430.65 万元，销售均价 10.71 元/公斤，环比变动分 别为 21.94%、22.57%、-0.04%，同比变动分别为 3.15%、20.17%、11.55%。 2025 年度销售活禽 4,756.02 万只,销售收入 95,209.87 万元,销售均价 9.82 元/公斤,同比变动分别为 5.04%、-2.79%、-8.91%。 | 证券代码：002982 | 证券简称：湘佳股份 | 公告编号：2026-003 | | --- | --- | --- | | 债券代码：127060 | 债券简称：湘佳转债 | | 湖南湘佳牧业股份有限公司 2025 年 12 月份及 2025 年度活禽销售情况简报 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 1、上述财务数据均未经审计，可能与公司定期报告披露的数据存在一定差 异，敬请广大投资者谨慎决策，注意投资风险。 2、上述披露仅包含公司活 ...

Core Insights - The fried chicken industry in China is experiencing significant growth, with the market size expected to reach 94 billion yuan in 2024, representing a year-on-year increase of 17.5% [1][10] - The rise in health consciousness among consumers is prompting brands to innovate cooking methods and optimize ingredient ratios, leading to the introduction of healthier products [1][10] Industry Overview - Fried chicken is defined as a food product made from chicken that is processed and deep-fried, characterized by a crispy exterior and tender interior [2] - It can be categorized based on bone presence, flavor profiles, and regional styles, including American, Korean, Japanese, and Chinese fried chicken [2][3] Development History - The evolution of the fried chicken industry in China has transitioned from being a niche product to a mainstream leisure food, with a focus on profitability and brand recognition since 2023 [4] - The industry is witnessing a shift towards health, digitalization, and supply chain collaboration, with leading brands enhancing upstream integration and central kitchen development [4][6] Policy Environment - The Chinese government has implemented various policies to support the development of the restaurant industry, including guidelines for food safety and quality control [6] - Regulations have been established to ensure the safety of chicken production, processing, and distribution, promoting a more standardized and high-quality industry [6] Industry Chain - The upstream of the fried chicken industry includes suppliers of chicken, flour, starch, and seasonings, while the midstream consists of production and brand operators [6][7] - The downstream encompasses various sales channels, including restaurants, retail, and e-commerce platforms, catering to consumer preferences for convenience [6] Consumer Insights - The majority of fried chicken consumers in China are female (52.1%), with over 70% aged between 18-35 years, indicating a strong preference for personalized and convenient dining experiences [8][9] - Afternoon tea is the most popular consumption scenario, followed by late-night snacks and meals, with a significant portion of consumers purchasing fried chicken weekly [8][9] Competitive Landscape - The fried chicken market is highly fragmented, with approximately 9.88 million related enterprises as of November 2025, indicating intense competition [10][11] - Notable brands include Zhengxin Chicken, Linyu Fried Chicken, and various others, with Zhengxin Chicken ranked as the top brand in a recent survey [10][11] Future Trends - The industry is expected to focus on value-driven operations rather than mere expansion, with leading brands optimizing store models and enhancing customer engagement [14] - There will be a shift towards deep innovation in Chinese flavors, with local tastes becoming a central theme in product development [14] - Health-conscious trends will drive brands to adopt new cooking technologies and healthier ingredients, moving away from high-fat perceptions [15] - Supply chain collaboration and digital transformation will become essential, with leading brands establishing strong ties with suppliers and enhancing logistics efficiency [16]

| 证券代码：002982 | 证券简称：湘佳股份 | 公告编号：2026-002 | | --- | --- | --- | | 债券代码：127060 | 债券简称：湘佳转债 | | 湖南湘佳牧业股份有限公司 关于开立募集资金暂时补充流动资金专项账户并签 订募集资金三方监管协议的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准湖南湘佳牧业股份有限公司公开发行 可转换公司债券的批复》（证监许可〔2021〕1814 号）核准，湖南湘佳牧业股 份有限公司（以下简称"公司"）于 2022 年 4 月 19 日公开发行了 640 万张可转 换公司债券，每张面值 100 元，募集资金总额 64,000 万元，扣除各项发行费用 （含税）后的实际募集资金净额为 630,463,500.00 元。天健会计师事务所（特 殊普通合伙）已对公司本次发行可转换公司债券募集资金到位情况进行了审验， 并出具了《验证报告》（天健验字[2022]2-8 号）。 二、募集资金专项账户的开立和《募集资金三方监管协议》的签订情况 20 ...