温氏食品集团股份有限公司 | 证券代码：300498 | 证券简称：温氏股份 公告编号：2025-67 | | --- | --- | | 债券代码：123107 | 债券简称：温氏转债 | 温氏食品集团股份有限公司 关于"温氏转债"回售的第二次提示性公告 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。 特别提示： 1、债券代码：123107 2、债券简称：温氏转债 3、回售价格：100.237元/张（含息、税） 4、回售申报期：2025年5月16日至2025年5月22日 5、发行人资金到账日：2025年5月27日 6、回售款划拨日：2025年5月28日 7、投资者回售款到账日：2025年5月29日 8、回售申报期内可转债暂停转股 9、本次回售不具有强制性，持有人有权选择是否进行回售 10、风险提示：投资者选择回售等同于以人民币100.237元/张 （含息、税）卖出持有的"温氏转债"。截至本公告发出前的最后 一个交易日，"温氏转债"的收盘价格高于本次回售价格，投资者 选择回售可能会带来损失，敬请投资者注意风险。 1 温氏食品集团股份有限公司 温氏食品集团股份有 ...

Investment Rating - The report maintains a "Positive" outlook on the Agriculture, Forestry, Animal Husbandry, and Fishery industry [2] Core Insights - The overall revenue of the industry remains stable, with significant improvement in the profitability of the breeding chain. In 2024, the SW Agriculture, Forestry, Animal Husbandry, and Fishery industry achieved total operating revenue of CNY 12,411.05 billion, a year-on-year decline of 1.67%. The net profit attributable to shareholders was CNY 479.85 billion, marking a turnaround from losses in 2023. In Q1 2025, the industry achieved total operating revenue of CNY 2,907.39 billion, a year-on-year increase of 8.09%, with net profit attributable to shareholders reaching CNY 133.35 billion, a significant increase compared to the same period last year [4][17][22]. Summary by Sections 1. Agriculture, Forestry, Animal Husbandry, and Fishery Industry - The industry shows overall stable revenue with a significant improvement in profitability. The operating revenue for 2024 was CNY 12,411.05 billion, down 1.67% year-on-year, while the net profit was CNY 479.85 billion, indicating a recovery from losses in 2023. In Q1 2025, the revenue increased by 8.09% year-on-year to CNY 2,907.39 billion, with net profit rising significantly [4][17][22]. 2. Swine Industry - The profitability of the swine industry has improved significantly, with major companies like Muyuan Foods, Wens Foodstuff Group, and New Hope Liuhe reporting revenue growth of 24.43%, 16.64%, and -27.27% respectively in 2024. The net profit for these companies increased by 519.42%, 244.46%, and 90.50% respectively. In Q1 2025, the top five swine companies saw substantial net profit growth, with Shen Nong Group leading at 6510.85% [30][45]. 3. Animal Health - The animal health sector faced significant pressure, with many companies experiencing revenue declines in 2024. However, Q1 2025 showed signs of recovery, particularly in the chemical drug segment, driven by a rebound in prices of veterinary raw materials. The top three companies in revenue growth for Q1 2025 were Huisheng Biological, Jinhai Biological, and Ruipu Biological, with increases of 20.42%, 7.58%, and 5.97% respectively [49][50]. 4. Feed Industry - The feed industry experienced a decline in total production in 2024, with a 2.10% drop year-on-year. However, revenue began to recover in Q1 2025, with leading companies like Bangji Technology and Haida Group showing significant growth. The average gross profit per ton for major feed companies also improved, with Haida Group achieving a gross profit margin of 12.66% in Q1 2025 [62][65][68]. 5. Poultry Industry - The poultry sector showed varied performance across different categories. In 2024, the top three companies in revenue growth were Xiaoming Co., Lihua Co., and Xiangjia Co., with increases of 16.83%, 15.44%, and 8.06% respectively. The profitability of the poultry industry improved significantly, with Lihua Co. leading in net profit growth at 447.72% [76][78].

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Viewpoints - In April 2025, the national average selling price of live pigs was 14.80 yuan/kg, with a month-on-month increase of 1.33% and a year-on-year decrease of 1.95% [6][18] - The supply gap in May is expected to lead to a further increase in the price center of live pigs, driven by limited increases in supply and improving demand [6][18] - The average weight of pigs sold is expected to gradually decline, but the narrowing price difference between different grades of pigs will have limited pressure on prices [7][22] Summary by Sections Industry Overview - April saw a non-seasonal increase in pig prices, with expectations for further price increases in May due to supply constraints and improving demand [6][18] - The average price of live pigs in April was 14.80 yuan/kg, with a month-on-month increase of 1.33% [6][18] - The slaughter volume in April was 4.213 million heads, a month-on-month decrease of 4.54% but a year-on-year increase of 6.76% [6][18] Supply and Demand Dynamics - The supply of pigs is expected to be limited in May due to previous culling and disease impacts, while demand for pork is showing marginal improvement [6][18] - The planned output for May is expected to increase by 1.98% compared to actual output in April [6][18] Profitability and Market Performance - The average profit for self-bred pigs in April was 69.44 yuan/head, a month-on-month increase of 63.63% [8][26] - The number of breeding sows in April increased by 0.96% month-on-month [8][26] - The price of 15kg piglets reached 630 yuan/head, indicating a high price level during the replenishment season [8][26] Company Performance - In April, 12 listed pig farming companies collectively sold 16.2368 million pigs, a year-on-year increase of 37.22% [9][28] - Major companies such as Muyuan Foods and Wens Foodstuffs reported significant year-on-year increases in sales volume [9][28] - The average selling prices varied among companies, with some experiencing increases while others saw declines [9][35]

Core Points - The China Securities Index (CSI) Huaxia Economic Blue Chip Index increased by 0.84% to 8059.07 points with a trading volume of 260.673 billion yuan [1] - Over the past month, the CSI Huaxia Economic Blue Chip Index has risen by 2.42%, but it has decreased by 1.82% over the last three months and by 1.22% year-to-date [1] Index Composition - The index selects blue-chip securities with good financial fundamentals, with industry weights allocated based on their contribution to the national economy [1] - The top ten holdings in the index are: China Telecom (2.39%), Muyuan Foods (2.3%), China State Construction (2.24%), Wens Foodstuff Group (2.09%), China Merchants Bank (1.97%), China Duty Free Group (1.96%), Digital China (1.94%), China Railway (1.67%), Haida Group (1.59%), and COSCO Shipping Holdings (1.43%) [1] - The index is primarily composed of stocks from the Shanghai Stock Exchange (60.11%) and the Shenzhen Stock Exchange (39.89%) [1] Industry Breakdown - The industry composition of the index includes: Industrial (19.40%), Consumer Discretionary (16.55%), Information Technology (12.42%), Consumer Staples (10.43%), Materials (9.58%), Communication Services (9.08%), Financials (8.53%), Real Estate (4.64%), Health Care (3.86%), Utilities (2.88%), and Energy (2.61%) [2] - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [2] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2]

Core Viewpoint - Wens Foodstuff Group is restructuring its organizational framework to enhance operational efficiency and adaptability in response to market changes, with a focus on independent business units and streamlined management [1][2] Group 1: Organizational Changes - The company plans to establish independent operating units for Guangdong Jun Cheng He Rui Environmental Technology Group, Hainan Wens Food Co., and Guangdong Wens Southern Poultry Breeding Co. [1] - New departments such as Poultry Operations Management Department and Poultry Production Technology Department will be created, along with three new divisions for chicken operations [2] - The restructuring aims to reduce organizational layers, shorten management chains, and improve management efficiency [2] Group 2: Business Focus - The chicken farming business is the second-largest segment for Wens Foodstuff Group, following pig farming, and holds the leading position among domestic listed companies [2] - In 2024, the company sold 1.208 billion chickens, accounting for approximately 8.41% of the national chicken output, with chicken-related revenue of 35.718 billion yuan, representing 34.06% of total revenue of 104.924 billion yuan [2] - The organizational adjustments are expected to have a significant long-term impact on the future development of the chicken farming business [2]

北京市嘉源律师事务所 关于温氏食品集团股份有限公司 2024 年度股东大会的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 二〇二五年五月 SR 在 UT F S Fi IA YUAN LAW OFFICES 北京 BEIJING ·上海 SHANGHAI ·深圳 SHENZHEN ·香港 HONG KONG ·广州 GUANGZHOU ·西安 XI'AN 致:温氏食品集团股份有限公司 北京市嘉源律师事务所 关于温氏食品集团股份有限公司 2024年度股东大会的 法律意见书 在本法律意见书中,本所律师仅对本次股东大会的召集、召开程序、出席会 议人员资格、召集人资格、会议表决程序、表决结果等所涉及的有关法律问题发 表意见,不对本次股东大会审议的议案内容以及该等议案所表述的事实或数据的 真实性及准确性发表意见。 嘉源(2025) -04-292 北京市嘉源律师事务所(以下简称"本所")接受温氏食品集团股份有限公 司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")《上市公司股东会规则》(以下简称"《股东会规则》")等现行有 效的法律、行政法规、部门规章 ...

北京市嘉源律师事务所 关于温氏食品集团股份有限公司 "温氏转债"2025年第一次债券持有人会议 见证法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 h 理 北京 BEIJING · 上海 SHANGHAI · 深圳 SHENZHEN · 香港 HONGKONG · 广州 GUANGZHOU· 西安 XI `AN 致:温氏食品集团股份有限公司 北京市嘉源律师事务所 关于温氏食品集团股份有限公司 "温氏转债"2025年第一次债券持有人会议 见证法律意见书 嘉源(2025)-04-289 "温氏转债"2025年第一次债券持有人会议 嘉源 · 见证法律意见书 北京市嘉源律师事务所(以下简称"本所")接受温氏食品集团股份有限公 司(以下简称"温氏股份"或"公司")委托,根据《中华人民共和国公司法》、 《中华人民共和国证券法》(以下简称"《证券法》")现行有效的法律、行政 法规、部门规章、规范性文件(以下简称"法律法规")以及《温氏食品集团股 份有限公司创业板向不特定对象发行可转换公司债券募集说明书》（以下简称 "《募集说明书》"）、《温氏食品集团股份有限公司可转换公司债券持有人会 议规则》( ...

温氏食品集团股份有限公司 证券代码：300498 证券简称：温氏股份 公告编号：2025-63 债券代码：123107 债券简称：温氏转债 温氏食品集团股份有限公司 2024 年度股东大会决议公告 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： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不存在变更前次股东大会决议的情形。 一、会议的召开和股东出席情况 （一）会议召开情况 1、温氏食品集团股份有限公司（以下简称"公司"）分别于 2025 年 4 月 24 日在巨潮资讯网、深圳证券交易所网站刊载了《关于召 开 2024 年度股东大会的通知》。公司 2024 年度股东大会现场会 议于 2025 年 5 月 14 日（星期三）15:00 在公司一楼会议室召开。 3、本次股东大会由公司董事会召集，公司董事长温志芬先生 主持。本次股东大会的召开、召集和表决程序符合《公司法》、 《深圳证券交易所创业板股票上市规则》等相关法律法规、规范 性文件及《公司章程》的规定。 （二）会议出席情况 1、出席本次股东大会的股东及股东代理人共 1068 名，代表 公 ...

温氏食品集团股份有限公司 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。 温氏食品集团股份有限公司（以下简称"公司"）第五届董事 会第五次会议通知于 2025 年 5 月 9 日以书面和电话的形式通知 公司全体董事。会议于 2025 年 5 月 14 日 14:00 在公司总部 1 楼 会议室以现场结合通讯表决的方式召开。应出席会议的董事有 12 名，实际出席会议的董事有 12 名。会议由董事长温志芬先生主 持，公司监事列席了本次会议。本次会议的召集、召开和表决程 序均符合《公司法》、《公司章程》及相关法律法规的规定。经与 会董事认真审议，会议以记名投票表决的方式通过了以下议案： 一、审议通过了《关于调整公司组织架构的议案》 具体内容详见公司同步披露于中国证监会指定的创业板信 息披露网站的《关于调整公司组织架构的公告》。 表决结果：同意12票，反对0票，弃权0票。 二、审议通过了《关于聘任公司副总裁的议案》 1 证券代码：300498 证券简称：温氏股份 公告编号：2025- 60 债券代码：123107 债券简称：温氏转债 温氏食品集团股份有限公司 温氏食品 ...

温氏食品集团股份有限公司 | 证券代码：300498 | 证券简称：温氏股份 | 公告编号：2024-64 | | --- | --- | --- | | 债券代码：123107 | 债券简称：温氏转债 | | 温氏食品集团股份有限公司 "温氏转债"2025 年第一次债券持有人会议 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。 一、会议召开基本情况 1、会议召集人：温氏食品集团股份有限公司（以下简称"公 司"）董事会 2、会议主持人：公司董事长温志芬先生 3、召开时间：2025 年 5 月 14 日 8:15 4、会议召开地点：广东省云浮市新兴县东堤北路 9 号温氏 食品集团股份有限公司 19 楼会议室 5、会议召开及投票方式：以现场与通讯表决相结合的方式 召开，记名方式进行投票表决 6、债权登记日：2025 年 5 月 7 日 7、本次会议的召集、召开与表决程序符合国家有关法律、 法规、部门规章、规范性文件和《温氏食品集团股份有限公司创 业板向不特定对象发行可转换公司债券募集说明书》、《温氏食 品集团股份有限公司可转换公司债券持有人会议规则》等的 ...