截至4月11日收盘，转基因概念下跌5.96%，位居概念板块跌幅榜前列，板块内，万向德农跌停，神农 种业、敦煌种业、丰乐种业等跌幅居前，股价上涨的有3只，涨幅居前的有芭田股份、金城医药、科前 生物等，分别上涨5.63%、1.91%、1.07%。 转基因概念资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002385 | 大北农 | -7.17 | 10.09 | -15703.93 | | 300087 | 荃银高科 | -8.83 | 12.71 | -10991.72 | | 300189 | 神农种业 | -13.04 | 40.95 | -10713.62 | | 000998 | 隆平高科 | -5.46 | 7.89 | -6747.25 | | 002041 | 登海种业 | -6.88 | 6.53 | -5055.55 | | 000713 | 丰乐种业 | -9.02 | 18.03 | -4946.29 | | 600354 | 敦煌种业 | -9.25 | 20. ...

Group 1 - The corn concept sector experienced a decline of 5.84%, ranking among the top losers in the market, with stocks like Wanxiang Deno, Beidahuang, and others hitting the limit down [1][2] - Major stocks within the corn concept that faced significant losses include Shennong Seed Industry and Dunhuang Seed Industry, which also saw substantial declines [1][2] - The corn concept sector saw a net outflow of 1.142 billion yuan, with 19 stocks experiencing net outflows, and five stocks seeing outflows exceeding 100 million yuan, led by Beidahuang with a net outflow of 247 million yuan [2][3] Group 2 - The top losers in the corn concept include Beidahuang (-9.97%), Jinjian Rice Industry (-6.08%), and Dabeinong (-7.17%), with significant trading volumes and turnover rates [2][3] - Other notable stocks with losses include Shennong Seed Industry (-13.04%) and Fengle Seed Industry (-9.02%), indicating a broader trend of decline within the sector [2][3] - In contrast, stocks like Guangyu Group and Yantang Dairy saw net inflows of 37.87 million yuan and 18.96 million yuan respectively, highlighting a divergence in market sentiment [2][3]

证券代码：300087 证券简称：荃银高科 公告编号：2025-010 安徽荃银高科种业股份有限公司（以下简称 "公司"）近日收到 国元证券股份有限公司（以下简称"国元证券"）出具的《关于变更 安徽荃银高科种业股份有限公司持续督导工作保荐代表人的函》。 国元证券作为公司 2021 年向特定对象发行股票项目的保荐机构 及持续督导机构，尚在履行持续督导责任，原持续督导保荐代表人为 贾梅女士和黄斌先生。贾梅女士因退休原因，不再负责公司的持续督 导工作。为保证持续督导工作的有序进行，国元证券现委派余志远先 生（简历见附件）接替贾梅女士担任公司持续督导工作的保荐代表人， 继续履行持续督导职责。 安徽荃银高科种业股份有限公司 关于变更持续督导保荐代表人的公告 本次变更不会影响国元证券对公司的持续督导工作。本次变更后， 公司向特定对象发行股票项目持续督导的保荐代表人为余志远先生 和黄斌先生。持续督导期至中国证券监督管理委员会和深圳证券交易 所规定的持续督导义务结束为止。公司董事会对贾梅女士在公司持续 督导期间所做出的贡献表示衷心感谢！ 特此公告 安徽荃银高科种业股份有限公司董事会 本公司及董事会全体成员保证信息披露的内容真 ...

Group 1 - The agricultural sector is experiencing strong performance, with multiple stocks such as XinSai Co., WanXiang DeNong, BeiDaHuang, and QiuLe Seed Industry hitting the daily limit, while others like JinDan Technology and KangNong Seed Industry have risen over 10% [1][2] - Specific stock performance includes QiuLe Seed Industry up by 29.98% to 28.57, KangNong Seed Industry up by 23.67% to 54.66, and JinDan Technology up by 16.50% to 17.70 [2] Group 2 - The Central Committee of the Communist Party and the State Council have issued a plan for building a strong agricultural nation by 2035, aiming for significant progress by 2027 and modernization of rural areas [3] - The plan emphasizes the need for advanced agricultural machinery, highlighting the demand for high-performance and intelligent agricultural equipment, particularly in grain production [3] - The plan also includes upgrading agricultural machinery and promoting the integration of agricultural machinery and agronomy to enhance efficiency and productivity [3] Group 3 - Pacific Securities highlights the defensive attributes of the agricultural sector amid trade tariffs, recommending investment in the planting industry chain related to soybeans and corn, as well as livestock sectors related to pork and poultry [4] - The investment strategy focuses on sectors with strong recovery potential, such as dairy farming and poultry farming, which are experiencing capacity reduction and price reversal expectations [4] - The pet food sector is also identified as a value investment opportunity due to its sustained high demand and overseas production capabilities [4]

Core Viewpoint - The A-share and Hong Kong stock markets experienced significant declines, with major indices dropping over 2% to 3% amid ongoing market volatility and external pressures [2][3][5]. Market Performance - As of the report, the Shanghai Composite Index fell by 2.22% to 3075.75, while the Shenzhen Component Index dropped by 3.04% to 9138.12. The ChiNext Index also saw a decline of over 3% [2][3]. - In the Hong Kong market, the Hang Seng Index opened down by 3.81%, and the Hang Seng Tech Index fell by over 5%. Notably, the pharmaceutical and consumer sectors faced significant losses, with companies like Wan Zhou International and WuXi Biologics experiencing declines of nearly 10% and over 8%, respectively [5]. Corporate Actions - Multiple companies announced share buyback and stake increase plans, with at least 56 A-share listed companies releasing such announcements between April 7 and 8. This included nearly 140 companies disclosing share repurchase plans [15]. - China Aluminum Group and China Minmetals Group both announced plans to increase their stakes in listed companies, with China Aluminum planning to invest between 1 billion to 2 billion RMB [14]. Government and Institutional Support - The "national team" has been actively buying ETFs to stabilize the market, with significant purchases reported from Central Huijin Investment and other state-owned entities [17][21]. - The People's Bank of China indicated readiness to provide sufficient re-lending support to Central Huijin, further emphasizing the commitment to market stability [17]. Investment Outlook - Analysts maintain a relatively optimistic outlook for the A-share market, suggesting that despite uncertainties from trade tensions, the influx of capital and institutional support could lead to a more stable market environment [23]. - The focus on high-quality and high-dividend assets is expected to prevail, with potential opportunities arising from recent market dips [23].

证券代码：300087 证券简称：荃银高科 公告编号：2025-009 安徽荃银高科种业股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况介绍 4、公司、控股股东和实际控制人不存在关于公司的应披露而未 披露的重大事项或处于筹划阶段的重大事项。 5、公司控股股东、实际控制人未在股票异常波动期间买卖公司 股票。 三、是否存在应披露而未披露信息的说明 安徽荃银高科种业股份有限公司（以下简称"公司"）股票（证 券简称：荃银高科，证券代码：300087）交易价格连续两个交易日内 （2025 年 4 月 7 日、2025 年 4 月 8 日）日收盘价格涨幅偏离值累计 超过 30%，根据深圳证券交易所的相关规定，属于股票交易异常波动 情形。 二、公司关注、核实情况的说明 针对公司股票交易异常波动，公司对相关事项进行了核实，现就 有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易 价格产生较大影响的未公开重大信息。 3、近期公司生产经营正常， ...

Macroeconomic Insights - China will impose a 34% tariff on all imports from the United States starting April 10, 2025, which is expected to significantly reduce agricultural imports from the U.S. [3] - In 2024, China imported agricultural products worth $24.9 billion from the U.S., with major imports including soybeans (22.1 million tons), sorghum (5.7 million tons), corn (2.1 million tons), and wheat (1.9 million tons) [3]. Agricultural Sector - The increase in tariffs is likely to enhance domestic grain prices and benefit the planting industry chain, emphasizing the need for self-sufficiency in grain production [3]. - The report highlights the importance of technological advancements in agriculture, particularly in genetically modified and gene-edited crops, which are expected to accelerate, benefiting seed companies with leading technology reserves [3]. - The report recommends focusing on companies that are actively expanding their domestic brands in the pet food sector, such as Guibao Pet and Zhongchong Co., which primarily generate revenue from domestic sales [4]. Livestock Industry - The report indicates that the pig farming sector is expected to see a significant improvement in profitability for the 2024 annual report and the first quarter of 2025, driven by favorable pig prices and reduced costs [5]. - The analysis of March's supply and demand dynamics in the pig farming industry shows a balanced market, but a potential downward trend in prices is anticipated if there is no support from state reserves [4][5]. Investment Recommendations - Recommended stocks in the poultry sector include Shengnong Development, Yisheng Shares, and Lihua Shares; for the post-cycle sector, recommended stocks are KQ Bio, Haida Group; in the pig farming sector, recommended stocks include Muyuan Foods, Wens Foodstuff Group, Tiankang Bio, and Shennong Group [7]. - In the seed industry, recommended stocks include Fengle Seed Industry, Quanyin High-Tech, Longping High-Tech, and Dabeinong [7]. - In the pet sector, recommended stocks are Guibao Pet, Zhongchong Co., and Ruipu Bio [7]. Chemical Industry - The report suggests that the imposition of a 34% tariff on U.S. imports will accelerate the domestic substitution process for chemical products, particularly in high-end markets [17]. - Beneficiary products include lubricant additives, nucleating agents, adsorption separation resins, and nano-silica, with specific companies recommended for investment [19]. Rare Earth Industry - The report maintains an "overweight" rating on the rare earth sector, anticipating that the recent tariffs will enhance China's strategic advantages in rare earth production and lead to price increases due to supply-demand mismatches [22]. - The export control measures on heavy rare earths are expected to stimulate overseas stockpiling, further driving up prices [23]. Insurance Sector - The insurance sector is projected to see stable growth in 2025, with a focus on improving asset-liability matching strategies [25]. - The report recommends increasing holdings in companies like China Pacific Insurance and New China Life Insurance, which are expected to benefit from improved investment returns and stable business strategies [40].

Group 1 - The Guozheng Grain Industry Index (399365) increased by 0.36% as of April 7, 2025, with notable stock performances including Wanxiang Denong (600371) hitting the daily limit, Shennong Seed Industry (300189) rising by 8.08%, and Lier Chemical (002258) increasing by 8.07% [1] - The Grain ETF (159698) rose by 1.27%, with a trading volume of 23.8488 million yuan, leading among similar products and achieving a turnover rate of 12.11%, indicating active market trading [1] - Dongxing Securities highlighted that agricultural products are being used as a significant countermeasure against tariffs, with an increased focus on food security strategies, as emphasized in the No. 1 Document of 2025, which discusses "new agricultural productivity" and the promotion of biotechnology in agriculture [1] Group 2 - As of March 31, 2025, the top ten weighted stocks in the Guozheng Grain Industry Index (399365) include Dabeinong (002385), Longping High-Tech (000998), and Beidahuang (600598), collectively accounting for 52.74% of the index [2]

Investment Rating - The report maintains an "Outperform" rating for the agricultural sector in light of the recent tariff increases on U.S. imports [1][5][4]. Core Views - The imposition of a 34% tariff on all U.S. imports is expected to benefit the domestic agricultural sector, particularly in the areas of feed, livestock, and seed industries [1][2][3]. - The report highlights that the increase in tariffs will likely lead to price hikes in key agricultural products such as soybean meal, corn, and beef, thereby enhancing the profitability of domestic producers [2][24][3]. Summary by Sections Tariff Impact Analysis - The Chinese government announced a 34% tariff on all U.S. imports effective April 10, 2025, which is expected to raise the import costs of key agricultural products [1][15][16]. - Major U.S. agricultural imports to China include sorghum, soybeans, cotton, beef, and corn, with soybeans and corn being particularly affected by the tariff [1][24]. Feed and Livestock Sector - The report is optimistic about companies like Haida Group and leading pig and poultry farming enterprises, which are expected to see enhanced profit margins due to better raw material management amid rising feed prices [2][3]. - The report suggests that the cost of feed, which constitutes a significant portion of livestock production costs, will rise, potentially accelerating the cycle of livestock production and benefiting leading companies in the sector [2][3]. Seed and Crop Sector - The seed industry is anticipated to benefit from a favorable price cycle and advancements in genetically modified crops, with corn prices expected to rise due to increased import costs from the U.S. tariffs [2][3]. - Companies with land resources in the planting sector are also expected to gain from rising grain prices [2][3]. Beef Industry Outlook - The domestic beef industry is projected to experience a turnaround as domestic supply decreases and U.S. beef imports shrink due to the new tariffs [3][24]. - The report indicates that the valuation of related beef companies is currently at a low point, suggesting potential for growth as market sentiment improves [3][24]. Investment Recommendations - The report recommends investments in the following sectors: 1. Pig farming: Mu Yuan, Hua Tong, Wen's, Shen Nong Group, Xin Wu Feng, Ju Xing Agricultural, Tang Ren Shen, Tian Kang Biological 2. Poultry farming: Li Hua, Yi Sheng, Sheng Nong Development 3. Feed: Haida Group 4. Seed: Quan Yin Gao Ke, Long Ping Gao Ke, Feng Le Seed Industry, Deng Hai Seed Industry, Da Bei Nong [3][4].

安徽天禾律师事务所 ANHUI TIANHE LAW OFFICE 法律意见书 安徽天禾律师事务所关于 安徽荃银高科种业股份有限公司 2025 年第一次临时股东大会之法律意见书 地址：安徽省合肥市蜀山区怀宁路 288 号置地广场 A 座 34-35 楼 电话：（0551）62642792 传真：（0551）62620450 网址：http://www.tianhelaw.cn 法律意见书 安徽天禾律师事务所关于 安徽荃银高科种业股份有限公司 2025 年第一次临时股东大会之法律意见书 天律证字[2025]第 00646 号 致：安徽荃银高科种业股份有限公司 2025 年 3 月 5 日，荃银高科董事会在中国证监会指定的信息披露网站上发布了 《关于召开 2025 年第一次临时股东大会的通知》（以下简称"通知"），根据该通 知，公司 2025年第一次临时股东大会拟定于 2025年 3月 25日召开，本次股东大会的 召开经公司2025 年3 月4 日召开的第五届董事会第二十二次会议做出决议，由董事会 召集，并于本次股东大会召开十五日以前以公告形式通知了股东。通知的内容包括会 议召开时间、会议地点、会议方式、会议召集 ...