Investment Rating - Industry Rating: Recommended [4] Core Insights - The pork industry continues to face losses, with a focus on pig farming opportunities. The average price of live pigs is 11.59 CNY/kg, down 0.46% week-on-week. The total breeding sow inventory is 39.9 million heads, down 1.1% month-on-month and 2.1% year-on-year. The industry is experiencing ongoing losses, with self-bred and purchased pig farming losses at 130.11 CNY/head and 162.80 CNY/head respectively. The recent anti-dumping ruling may alleviate domestic pork supply pressure, leading to accelerated capacity reduction [2][12]. Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs has initiated winter crop seed supervision checks to ensure seed safety for the upcoming spring and summer planting. The checks focus on key crops such as corn, rice, soybeans, cotton, and vegetables. The commercialization of genetically modified technology is expected to accelerate, enhancing self-sufficiency rates of key varieties. Recommended stocks include Beidahuang and Suqian Agricultural Development [1][11]. Pig Farming - The average price of live pigs is reported at 11.59 CNY/kg, with a slight decrease of 0.46% from the previous week. The average price for pig futures is 11,469 CNY/ton, reflecting a 1.07% increase. The average weight of pigs post-slaughter is 89.57 kg, with a month-on-month increase of 3.21% in slaughter volume [12][62][65]. Recommended Stocks - For pig farming, recommended stocks include: 1. Livestock sector: Lihua Stock, Muyuan Food, Shuanghui Development, Dekang Agriculture, Jingji Zhino, and Wens Foodstuff 2. Feed sector: Haida Group 3. Animal health sector: Jinhai Biological, Biological Shares, Placo, and Zhongmu Shares [2][12].

证券代码：300087 证券简称：荃银高科 公告编号：2025-056 安徽荃银高科种业股份有限公司 关于中国种子集团有限公司要约收购公司股份的 第三次提示性公告 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。 重要内容提示 1、本次公告为中国种子集团有限公司（以下简称"收购人"或 "中种集团"）以要约方式收购安徽荃银高科种业股份有限公司（以 下简称"公司"或"上市公司"）部分股份（以下简称"本次要约收 购"）的第三次提示性公告。 2、本次要约收购期限为 2025 年 12 月 4 日至 2026 年 1 月 5 日。 按照本次要约收购申报程序，在本次要约收购期限内最后三个交易日 （即 2025 年 12 月 30 日、2025 年 12 月 31 日和 2026 年 1 月 5 日）， 预受股东可撤回当日申报的预受要约，但不得撤回已被中登深圳分公 司临时保管的预受要约。 公司于 2025 年 12 月 3 日公告了《安徽荃银高科种业股份有限公 司要约收购报告书》（以下简称"要约收购报告书"），中种集团以 要约方式收购公司部分股份。公司现就本次要约收购的有关情 ...

Core Viewpoint - The continuous decline in the number of shareholders for many companies indicates a trend of increasing concentration of shares, with 772 companies reporting their latest shareholder numbers as of December 20, and 174 companies experiencing a decline for three consecutive periods or more [1]. Group 1: Shareholder Trends - 174 companies have seen their shareholder numbers decrease for three consecutive periods or more, with some like Yihau New Materials experiencing a decline for 12 consecutive periods, resulting in a cumulative decrease of 37.94% [1]. - Other companies with significant declines include Zhuhua Design, which has seen a 27.40% drop over 11 periods, and Kute Intelligent, Dadongnan, and Far East Transmission also showing notable decreases [1]. - The latest data shows that companies like Hewei Electric, Guoji Precision, and Dalian Heavy Industry have experienced declines of 15.15%, 13.33%, and 11.90% in their shareholder numbers, respectively [1]. Group 2: Market Performance - Among the companies with declining shareholder numbers, 47 have seen their stock prices rise, while 127 have experienced declines, with notable increases for Guoji Precision (59.28%), Shibao Detection (58.76%), and Quanyin High-Tech (30.29%) [2]. - 44 companies, representing 25.29%, have outperformed the Shanghai Composite Index during this period, with Guoji Precision, Shibao Detection, and Quanyin High-Tech achieving relative returns of 60.75%, 58.63%, and 31.76%, respectively [2]. - The industries with the highest concentration of companies experiencing declining shareholder numbers include basic chemicals, machinery equipment, and pharmaceutical biology, with 24, 18, and 16 companies, respectively [2]. Group 3: Institutional Interest - In the past month, 26 companies with declining shareholder numbers have been subject to institutional research, with Guoji Precision, Shengda Resources, and Baowu Magnesium receiving the most attention, being researched 6, 5, and 3 times, respectively [2]. - The companies with the highest number of institutional participants in research include Yahua Group, Xingfa Group, and Igor, with 61, 46, and 46 institutions involved [2].

每经AI快讯，荃银高科（SZ 300087，收盘价：11.45元）12月22日晚间发布公告称，公司第五届第二十 九次董事会会议于2025年12月22日以现场与通讯表决相结合的方式召开。会议审议了《关于 <安徽荃银 高科种业股份有限公司董事会关于中国种子集团有限公司要约收购事宜致全体股东的报告书> 的议 案》。 （记者 张明双） 2025年1至6月份，荃银高科的营业收入构成为：农业占比97.68%，其他业务占比2.32%。 每经头条（nbdtoutiao）——新能源重卡爆单了，11月销量同比增长178%！两班倒都供不应求，客户直 接进厂催单，这情景十年难遇 截至发稿，荃银高科市值为108亿元。 ...

致全体股东的报告书 证券代码：300087 证券简称：荃银高科 安徽荃银高科种业股份有限公司董事会 关于 中国种子集团有限公司 要约收购事宜 上市公司名称：安徽荃银高科种业股份有限公司 上市公司住所：安徽省合肥市高新区创新大道 98 号 股票上市地点：深圳证券交易所创业板 股票简称：荃银高科 股票代码：300087 董事会报告书签署日期：二〇二五年十二月 有关各方及联系方式 上市公司名称：安徽荃银高科种业股份有限公司 上市公司住所：安徽省合肥市高新区创新大道 98 号 联系人：张庆一、王允利 董事会声明 一、本公司全体董事确信本报告不存在任何虚假记载、误导性陈述或重大遗 漏，并对其内容的真实性、准确性、完整性负个别的和连带的责任。 二、本公司全体董事已履行诚信义务，向股东所提出的建议是基于公司和全 体股东的整体利益客观审慎做出的。 联系电话：0551-65355175 收购人名称：中国种子集团有限公司 收购人住所：海南省三亚市崖州区还金路金茂南繁科创中心 A 座 8 楼 001 号 通讯地址：海南省三亚市崖州区还金路金茂南繁科创中心 A 座 8 楼 001 号 独立财务顾问名称：国元证券股份有限公司 住所：安 ...

国元证券股份有限公司 关于 中国种子集团有限公司 要约收购 安徽荃银高科种业股份有限公司 之 独立财务顾问报告 独立财务顾问 签署日期：二零二五年十二月 国元证券股份有限公司 独立财务顾问报告 独立财务顾问声明和承诺 本部分所述的词语或简称与本独立财务顾问报告书"释义"部分所定义的词 语或简称具有相同的涵义。 2025 年 12 月 3 日，荃银高科发布公告，宣布收到中种集团出具的要约收购 报告书，中种集团拟以每股 11.85 元的价格，向荃银高科除中种集团以外的公司 全体股东发出部分要约，要约收购荃银高科 189,466,350 股股份（占荃银高科股 份总数的 20%）。 国元证券接受荃银高科董事会委托，担任本次要约收购的独立财务顾问，就 该事项向上市公司全体股东提供独立意见，并制作本独立财务顾问报告。 本报告书所依据的有关资料由荃银高科等相关机构及人员提供，提供方对所 提供的一切书面材料、文件或口头证言的真实性、准确性和完整性负责，并保证 该等信息不存在虚假记载、误导性陈述或重大遗漏。本独立财务顾问不承担由此 引起的任何风险责任。 除荃银高科等相关机构及人员提供的资料外，本报告书所依据的其他信息均 来自公 ...

证券代码：300087 证券简称：荃银高科 公告编号：2025-055 安徽荃银高科种业股份有限公司 第五届董事会第二十九次会议决议公告 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。 安徽荃银高科种业股份有限公司（以下简称"公司"）第五届董 事会第二十九次会议于 2025 年 12 月 22 日以现场与通讯表决相结合 的方式召开。会议通知于 2025 年 12 月 17 日以电子邮件方式送达。 会议应出席董事 8 人，实际出席董事 8 人，会议由董事长应敏杰先生 主持。本次会议的召集、召开程序符合《中华人民共和国公司法》及 《公司章程》等相关规定。与会董事经过审议并表决，形成决议如下： 会议以 5 票赞成、0 票反对、0 票弃权审议通过《关于<安徽荃银 高科种业股份有限公司董事会关于中国种子集团有限公司要约收购 事宜致全体股东的报告书>的议案》 关联董事应敏杰先生、戴晨晗先生、宋维波先生回避表决。 本议案已经公司第五届董事会独立董事第六次专门会议审议通 过。 同时，公司聘请的独立财务顾问国元证券股份有限公司对本次要 约收购事项出具了《国元证券股份有限公司关于 ...

Investment Rating - Industry rating: Recommended [3] Core Views - The report emphasizes the importance of the EU's anti-dumping duties on imported pork, which are expected to alleviate domestic supply pressures and stabilize prices in the pork market. The anti-dumping tax rates range from 4.9% to 19.8% and will take effect from December 17, 2025 [2][12] - The report highlights the ongoing adjustments in the pig breeding capacity, with a noted decrease in the number of breeding sows, which is expected to support price recovery in the pork market [2][12] - The report suggests that the commercialization of genetically modified seeds will accelerate, enhancing self-sufficiency in key crop varieties and benefiting companies in the seed industry [11] Summary by Sections Planting Industry Chain - The Ministry of Agriculture and Rural Affairs has initiated inspections to ensure the safety of seeds for the upcoming spring and summer planting seasons, focusing on key crops such as corn, rice, soybeans, cotton, and vegetables [11] - The report identifies companies like Beidahuang and Suqian Agricultural Development as beneficiaries in the planting sector, while companies with significant advantages in the seed industry include Dabeinong and Longping High-Tech [11] Pig Breeding - The average price of live pigs is reported at 11.64 CNY/kg, with a week-on-week increase of 1.45%. The total number of breeding sows is 39.9 million, reflecting a decrease of 1.1% month-on-month and 2.1% year-on-year [2][12] - The report recommends focusing on companies with significant cost improvements and high future output elasticity, including Li Hua Co., Muyuan Foods, and WH Group in the breeding sector, and Haida Group in the feed sector [2][12] Key Agricultural Product Data Tracking - Corn: The average price is 2351.76 CNY/ton, with a week-on-week decrease of 0.26% [25] - Wheat: The average price is 2517.30 CNY/ton, with a week-on-week increase of 0.04% [28] - Soybeans: The average price is 4014.74 CNY/ton, remaining stable week-on-week [40] - Cotton: The average price is 14950.00 CNY/ton, with a week-on-week increase of 0.67% [44] Feed and Vitamin Prices - The average price of pig feed is 2.62 CNY/kg, with no change week-on-week. The average price of chicken feed is 3.5 CNY/kg, reflecting a week-on-week increase of 0.29% [51][53]

责任编辑：小浪快报 资料显示，安徽荃银高科种业股份有限公司位于安徽省合肥市高新区创新大道98号，成立日期2002年7 月24日，上市日期2010年5月26日，公司主营业务涉及优良水稻、玉米、小麦等主要农作物种子的研 发、繁育、推广、服务,以及利用公司优质特色品种带动的订单农业业务。主营业务收入构成为：订单 粮食、青贮玉米44.79%，水稻种子25.38%，皮棉、棉籽、农机、农化及其他业务15.26%，玉米种子 9.39%，棉花种子3.36%，瓜菜种子、大豆种子及其他作物种子1.21%，小麦种子0.61%。 截至12月10日，荃银高科股东户数3.80万，较上期减少5.00%；人均流通股23744股，较上期增加 5.26%。2025年1月-9月，荃银高科实现营业收入19.34亿元，同比减少5.90%；归母净利润-1.80亿元，同 比减少113.45%。 分红方面，荃银高科A股上市后累计派现4.46亿元。近三年，累计派现2.10亿元。 机构持仓方面，截止2025年9月30日，荃银高科十大流通股东中，万家品质生活A（519195）位居第三 大流通股东，持股1619.42万股，相比上期减少121.93万股。南方中证10 ...

（文章来源：证券日报） 证券日报网讯 12月19日，荃银高科在互动平台回答投资者提问时表示，截至2025年12月10日，公司共 有股东约3.8万户。 ...