Market Overview - The Shanghai Composite Index fell by 0.13% on July 9, with 17 out of the 28 sectors rising, led by Media and Agriculture, Forestry, Animal Husbandry, and Fishery, which increased by 1.35% and 0.65% respectively [2] - The sectors with the largest declines were Non-ferrous Metals and Basic Chemicals, which dropped by 2.26% and 0.85% respectively [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 38.536 billion yuan, with only three sectors experiencing net inflows: Media (1.055 billion yuan), Retail (864 million yuan), and Construction Decoration (40.34 million yuan) [2] - The Electronic sector saw the largest net outflow, amounting to 7.789 billion yuan, followed by Non-ferrous Metals with 5.412 billion yuan [2] Agriculture, Forestry, Animal Husbandry, and Fishery Sector - The Agriculture, Forestry, Animal Husbandry, and Fishery sector rose by 0.65% despite a net capital outflow of 437 million yuan [3] - Out of 103 stocks in this sector, 40 stocks increased, with one hitting the daily limit, while 55 stocks declined [3] - The top three stocks with net inflows were Xinwufeng (31.4665 million yuan), Haida Group (28.3706 million yuan), and Juxing Agriculture (21.9941 million yuan) [3][4] Top Gainers and Losers in Agriculture, Forestry, Animal Husbandry, and Fishery - **Top Gainers**: - Xinwufeng: +0.65%, 4.20% turnover, 31.4665 million yuan inflow [4] - Juxing Agriculture: +0.76%, 4.49% turnover, 21.9941 million yuan inflow [4] - **Top Losers**: - Muyuan Foods: -3.27%, 1.81% turnover, 71.5922 million yuan outflow [5] - Guolian Aquatic Products: -1.76%, 8.74% turnover, 45.2607 million yuan outflow [5]

Core Viewpoint - The corn industry is a strategic pillar for China's food security, with significant growth in planting area, yield, and total production expected in 2024, despite short-term market adjustments due to international price fluctuations and rising costs [1][8][14]. Group 1: Industry Overview - The corn processing industry in China has developed a complete industrial chain, from primary processing to modern biobased material research, becoming a key hub for agricultural production and industrial manufacturing [1][5][14]. - Corn processing can be categorized into primary processing and deep processing, producing various products for food, feed, and industrial applications [2][3][5]. Group 2: Current Development Status - In 2024, China's corn planting area is projected to reach 44.74 million hectares, a year-on-year increase of 1.18%, with a yield of 439.4 kg/mu, contributing to a total production of 294.92 million tons, a 2.1% increase from the previous year [1][8][10]. - The total corn consumption in 2024 is expected to reach 31.78 million tons, with industrial consumption growing by 3.07% to 7.94 million tons, driven by innovations in deep processing [12][14]. Group 3: Market Trends - The corn deep processing market size is expected to adjust to 190 billion yuan in 2024, down 6.4% from its peak in 2022, but the long-term growth trend remains solid [1][14]. - The corn processing industry is transitioning towards green and low-carbon practices, focusing on high-value product development such as polylactic acid and functional sugars [24][25][26]. Group 4: Competitive Landscape - The corn deep processing industry in China has a tiered competitive structure, with leading companies like COFCO Technology and Meihua Biological occupying the top tier, focusing on high-value products [20][22]. - The market for corn starch is highly concentrated, with top companies holding over 44% market share, and there is a trend towards differentiation and expansion into biobased materials and other emerging fields [22][24].

国浩律师（上海）事务所 关于海南神农种业科技股份有限公司 2025 年第一次临时股东大会法律意见书 致：海南神农种业科技股份有限公司 一、本次股东大会的召集、召开程序 本次股东大会的议案经公司第七届董事会第二十四次会议和第七届监事会第 十六次会议审议通过。本次股东大会的召开经第七届董事会第二十四次会议审议 通过，并于 2025 年 6 月 11 日在指定披露媒体上刊登《海南神农种业科技股份有限 公司关于召开 2025 年第一次临时股东大会的通知》（以下简称"通知"），公司发 布的《通知》载明了会议的时间、地点、召开方式、审议事项、出席对象、登记 办法等事项。 本次股东大会现场会议于 2025 年 6 月 27 日 14:30 如期在：海口市秀英区美林 路 8 号慧远美林谷综合服务楼会议室召开，召开的实际时间、地点和内容与《通 知》内容一致。 海南神农种业科技股份有限公司（以下简称"公司"）2025 年第一次临时股东 大会于 2025 年 6 月 27 日召开。国浩律师（上海）事务所（以下简称"本所"）经公 司聘请，委派经办律师出席会议，并根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和 ...

（一）会议召开的情况 1、会议召开时间 证券代码：300189 证券简称：神农种业 公告编号：2025-031 海南神农种业科技股份有限公司 2025 年第一次临时股东大会决议公告 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。 特别提示： 本次股东大会未出现否决议案的情形； 本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （1）现场会议时间：2025 年 6 月 27 日下午 14:30。 （2）网络投票时间：2025 年 6 月 27 日，其中，通过深交所交易系统进行网 络投票的时间为：2025 年 6 月 27 日 9：15—9：25，9：30-11：30 和 13：00-15： 00；通过深交所互联网系统投票的具体时间为：2025 年 6 月 27 日 9：15 至 15： 00 期间的任意时间。 2、现场会议地点：海口市秀英区美林路 8 号慧远美林谷综合服务楼会议室。 3、会议召开方式：现场投票和网络投票相结合的方式。 4、会议召集人：公司董事会。 5、会议主持人：董事长曹欧劼女士。 6、本次会议的召集、召开以及表决程序均符 ...

Core Viewpoint - Shennong Seed Industry (300189.SZ) plans to raise up to RMB 144 million through a simplified procedure for a specific group of investors, with the funds allocated for a rapeseed "good variety + good method" demonstration project and to supplement working capital [1][5]. Fundraising Details - The total amount to be raised is not more than RMB 144 million, which complies with the regulations of not exceeding RMB 300 million and 20% of the net assets at the end of the previous year [1][5]. - The net proceeds after deducting issuance costs will be fully used for the rapeseed demonstration project and to supplement working capital [1]. Project Investment Breakdown - The rapeseed "good variety + good method" demonstration project has a total investment of RMB 147.81 million, with RMB 104 million allocated from the raised funds [2]. - The working capital will receive RMB 40 million from the raised funds, bringing the total project investment to RMB 187.81 million [3]. Issuance Structure - The issuance will target no more than 35 specific investors, including qualified institutional investors such as securities investment funds, securities companies, and insurance institutions [4]. - The pricing for the issuance will be set at no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [4]. Share Issuance and Control - The number of shares to be issued will not exceed 50 million, which is 30% of the total share capital before the issuance [5]. - After the issuance, the controlling shareholder, Cao Oujie, will maintain at least a 17.10% stake, ensuring that control of the company remains unchanged [5]. Financial Performance - From 2015 to Q1 2025, the company has consistently reported net losses attributable to shareholders, with losses reaching RMB 143.12 million in Q1 2025 [6]. - The net profit attributable to shareholders from 2019 to Q1 2025 shows a trend of increasing losses, with a peak loss of RMB 329 million in 2019 [6].

Key Points - The core viewpoint of the articles highlights various corporate activities including project investments, sales data, stock acquisitions, share buybacks, and shareholding changes across multiple companies in different sectors. Company Activities - Co-creation Turf has a low proportion of domestic sports turf in its main business revenue [1] - Zhongcai Technology plans to invest in a manufacturing base for 110 sets of 100-meter wind turbine blades annually [1][2] - Huakang Clean has won a contract for the construction and equipment procurement of the first phase of the Chongqing 13th People's Hospital [1][2] - Jindi Group achieved a cumulative signed amount of 14.05 billion yuan from January to May [1][2] - Leidi Ke intends to acquire 51% of Yuzhan Precision, entering the embodied intelligence field [1][2] - Youfa Group has completed a share buyback, repurchasing 1.79% of its shares [1][3] - Jindun Co. plans to reduce its shareholding by up to 2% [1][3] - Caida Securities' shareholder Guokong Operations intends to reduce its stake by up to 3% [1][3] - Batong Energy plans to raise no more than 385 million yuan through a private placement to its controlling shareholder [1][3] - Founder Technology aims to raise no more than 1.98 billion yuan for an AI and high-density interconnect circuit board project [1][4]

Core Viewpoint - The company is planning to issue shares through a simplified procedure to specific targets in 2025, which may dilute immediate returns for shareholders, and has outlined measures to mitigate this impact [1][2][6]. Group 1: Issuance Details - The company will issue 50 million shares, raising a total of 144 million yuan [3][4]. - The issuance is expected to be completed by September 30, 2025, but this date is only for calculation purposes and does not indicate the actual completion date [2][4]. - The total share capital before the issuance is 102.4 million shares [3]. Group 2: Financial Impact Analysis - The company anticipates three scenarios for net profit in 2025 based on the 2024 net profit of -50.6165 million yuan, with projections of a 10% decrease, no change, or a 10% increase [2][4]. - The diluted earnings per share (EPS) before the issuance is -0.0494 yuan, which may change to -0.0544 yuan or -0.0537 yuan depending on the profit scenario [4][5]. - The weighted average return on equity (ROE) is projected to be -7.70% before the issuance, potentially improving to -6.32% or -6.02% after the issuance [5]. Group 3: Necessity and Reasonableness of the Issuance - The issuance is deemed necessary to support the company's strategic goals and enhance its competitive position in the agricultural sector, particularly in seed innovation and sales [6][9]. - The company plans to leverage existing business advantages to promote the "Qingyou" series of rapeseed seeds, focusing on expanding its market presence in the Yangtze River basin [6][8]. Group 4: Measures to Mitigate Dilution - The company will implement various measures to enhance profitability and shareholder returns, including strict management of raised funds and adherence to regulatory requirements [10][11]. - A three-year shareholder return plan (2025-2027) will be established to ensure consistent profit distribution and enhance transparency in cash dividends [10][11]. Group 5: Commitment from Stakeholders - The controlling shareholder and management have committed to not interfere with the company's operations and to protect shareholder interests [12]. - They have also pledged to ensure that measures to mitigate the dilution of immediate returns are effectively implemented [12].

Core Viewpoint - Hainan Shennong Seed Industry Technology Co., Ltd. plans to issue shares through a simplified procedure to specific investors, aiming to raise no more than RMB 300 million, which does not exceed 20% of the net assets as of the end of the previous year [1][2]. Group 1: Issuance Details - The company will issue domestic listed ordinary shares (A shares) with a par value of RMB 1.00 per share [2]. - The issuance will be completed within ten working days after the China Securities Regulatory Commission (CSRC) approves the registration [2]. - The issuance targets up to 35 specific investors, including qualified institutional investors such as securities investment fund management companies, securities companies, trust companies, and qualified foreign institutional investors [3]. Group 2: Pricing and Quantity - The pricing benchmark date will be the first day of the issuance period, with the issuance price set at no less than 80% of the average trading price over the previous 20 trading days [4]. - The maximum number of shares to be issued is 50 million, corresponding to a total fundraising amount not exceeding RMB 300 million [5]. - The final issuance price will be determined through a bidding process, and the issuance will be subject to adjustments based on any corporate actions such as dividends or stock splits [4][5]. Group 3: Fund Utilization - The total amount raised will be used for projects including the "Rapeseed 'Good Seed + Good Method' Demonstration Promotion Project" and to supplement working capital [7][10]. - The total investment for the rapeseed project is RMB 147.81 million, with RMB 104 million expected to be funded from the issuance [7]. - If the actual net amount raised is less than the planned investment, the company will adjust the investment priorities based on the actual funds available [10]. Group 4: Shareholder Returns and Future Plans - The company has developed a three-year dividend return plan for shareholders from 2025 to 2027 to enhance transparency and operational efficiency in profit distribution [11]. - The company will ensure that the new and old shareholders share the undistributed profits proportionately after the issuance [6][10]. - The resolution for the issuance is valid until the next annual general meeting, and any changes in regulations will be adhered to [10].

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on June 27, 2025, at 14:30 [1] - Network voting will also take place on June 27, 2025, with specific hours for voting from 9:15 to 15:00 [1] Voting Procedures - Shareholders can participate in the meeting either in person or through a proxy [2] - The company will provide an online voting platform via the Shenzhen Stock Exchange system and an internet voting system [2] - Only shareholders registered by the close of trading on June 23, 2025, are eligible to attend and vote [2][3] Agenda Items - The meeting will discuss two main proposals: 1. A simplified procedure for issuing stocks to specific targets for the year 2025 2. A dividend return plan for shareholders for the next three years (2025-2027) [2][3] Registration and Attendance - Different registration requirements are outlined for corporate and individual shareholders [3][4] - Shareholders can register via mail or fax if they are unable to attend in person [4] Voting Process Details - The voting will be non-cumulative, and shareholders must indicate their voting preferences clearly [6] - Specific procedures for voting through the Shenzhen Stock Exchange system and internet voting system are provided [6]

证券代码：300189 证券简称：神农种业 海南神农种业科技股份有限公司 Hainan Shennong Seed Industry Technology Co. ,Ltd. （海口市秀英区美林路 8 号慧远美林谷综合服务楼） 2025 年度以简易程序向特定对象发行股票 方案的论证分析报告 二〇二五年六月 海南神农种业科技股份有限公司（以下简称"神农种业"、"公司"）为满足 公司经营战略的实施和业务发展的资金需求，进一步增强公司资本实力，优化公 司资本结构，提升盈利能力和市场竞争力，公司结合自身实际情况，并根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以 下简称"《证券法》"）、《公司章程》和中国证券监督管理委员会（以下简称"中 国证监会"）颁布的《上市公司证券发行注册管理办法》（以下简称"《注册管理 办法》"）等有关法律、法规和规范性文件的规定，公司拟以简易程序向特定对象 发行股票，募集资金总额不超过 14,400.00 万元（含本数）。 （本报告中如无特别说明，相关用语具有与《海南神农种业科技股份有限公 司 2025 年度以简易程序向特定对象发行股票预案》中相同的含义 ...