江苏立华食品集团股份有限公司 关于为合作社提供担保的进展公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 江苏立华食品集团股份有限公司（以下简称公司）分别于 2025 年 4 月 21 日、2025 年 5 月 13 日召开第四届董事会第五次会议、2024 年年度股东会，审议 通过了《关于为合作社提供担保的议案》，同意为 13 家合作社向银行等金融机 构融资提供合计不超过人民币 20,000 万元的担保额度。具体内容详见公司 2025 年 4 月 22 日刊载于巨潮资讯网（http://www.cninfo.com.cn/）的《关于为合作社 提供担保的公告》（公告编号：2025-025）。 二、担保进展情况 近日，公司与交通银行股份有限公司常州分行（以下简称交行常州分行）签 订了《贷款担保合作协议》以及《保证合同》，公司为在交行常州分行融资的合 作社提供担保，担保的最高债权额为 12,000 万元。本次担保在公司已履行审议 程序的预计担保额度内，无需再次提交公司董事会或股东会审议。 证券代码：300761 证券简称：立华股份 公告编号：2 ...

江苏立华食品集团股份有限公司 关于实际控制人股份质押、解质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300761 证券简称：立华股份 公告编号：2025-046 | | | | | | | | 已质押股份情 | | 未质押股份情 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 况 | | 况 | | | | | | | | | | | | 未质 | | | | | | 本次质押前 | 本次质押后 | 质押股 | 质押股 | 已质押 | | 押股 | | | 股东名称 | 持股数量 | 持股 | 质押股份数 | 质押股份数 | 份占其 | 份占公 | 股份限 | 占已 | 份限 | 占未 | | | （股） | 比例 | | | 所持股 | 司总股 | 售和冻 | 质押 | 售和 | 质押 | | | | | 量（股） | 量（股） | 份比例 | 本比例 | 结、标 | 股份 | 冻结 | 股份 | | | ...

Group 1 - The SW Agricultural, Forestry, Animal Husbandry and Fishery industry rose by 5.02% from January to May 2025, outperforming the CSI 300 index by approximately 7.43 percentage points [13][14] - Most sub-sectors recorded positive returns, with only planting and fishery sectors showing negative returns of -1.58% and -0.07% respectively [14] - Approximately 70% of stocks in the industry achieved positive returns, with three stocks increasing over 100%, the highest being Yizhi Magic Yam at 209.66% [15] Group 2 - The overall PB of the SW Agricultural, Forestry, Animal Husbandry and Fishery industry increased from a low of 2.31 times at the beginning of the year to 2.68 times, with a current PB of approximately 2.66 times as of June 13, 2025, reflecting a 15% recovery from the low [20] - The pig breeding sector is expected to see a gradual recovery in supply, with the number of breeding sows reaching 40.38 million heads by the end of April 2025, slightly above the normal holding capacity [21][23] - The average price of pigs as of June 13, 2025, was 14.04 yuan/kg, down 10.8% from the beginning of the year and 26.1% year-on-year, with expectations for a price rebound in Q4 2025 [27] Group 3 - The total feed production in China is expected to rebound in 2025 after a decline in 2024, with a total production of 49.2 million tons in the first two months of 2025, a year-on-year increase of 9.6% [54] - The average price of corn in China rose from approximately 2,122 yuan/ton at the beginning of the year to over 2,400 yuan/ton, reflecting a 13.3% increase [56] - The pet health market is anticipated to grow rapidly, with significant expansion potential in the domestic market for pet food and supplies, benefiting quality domestic leaders [5][6]

Overview - The demand for spicy chicken feet (泡椒凤爪) is increasing due to rising national income levels, with a projected demand of 337,900 tons and a market size of 23.45 billion yuan in 2024, averaging 69.40 yuan per kilogram [1][10] - The Z generation is becoming the main consumer group, showing strong demand for snacks and emphasizing taste, packaging, and consumption experience [1][10] Market Policy - Recent policies have imposed stricter requirements on the production process, hygiene standards, and additive usage for spicy chicken feet, including guidelines for traditional food production and food safety management [3][5] Industry Chain - The upstream of the spicy chicken feet industry includes raw chicken feet, seasonings, food additives, and packaging materials, while the midstream focuses on production, and the downstream involves various sales channels such as supermarkets, convenience stores, and e-commerce platforms [6] Consumer Demographics - The consumer base is broad, with over 70% of young consumers aged 15-35, particularly those aged 25-35 (46.25%) and 15-24 (33.14%), favoring spicy chicken feet as a snack for various occasions [8] Competitive Landscape - The spicy chicken feet market is highly fragmented with many small to medium-sized enterprises, where over 70% of related companies have registered capital under 1 million yuan, and less than 10% have over 50 million yuan [15] Key Companies - Youyou Food Co., Ltd. generated a total revenue of 1.182 billion yuan in 2024, with spicy chicken feet accounting for 785 million yuan, or 66.4% of total revenue [17] - Chongqing Qishuang Industrial Group Co., Ltd. focuses on the research, production, and sales of various snack foods, including spicy chicken feet [19] Development Trends - Future trends indicate a shift towards healthier options, including low-salt, low-sugar, and functional products with added collagen, as well as a diversification of flavors beyond traditional spicy varieties [21]

Core Viewpoint - The announcement details the first vesting results of the 2022 restricted stock incentive plan for Jiangsu Lihua Food Group Co., Ltd, indicating that a total of 9.62514 million shares will be vested on June 10, 2025, with no lock-up period for the vested shares [1][2][3]. Summary by Sections Incentive Plan Overview - The 2022 restricted stock incentive plan was approved by the board and shareholders, targeting directors, senior management, and key technical/business personnel, excluding independent directors and supervisors [2][3]. - The total number of shares granted under the plan is 1,035.80 million, with 13.68% reserved for future grants [3][4]. Vesting Details - The first vesting date is set for June 10, 2025, with a total of 9.62514 million shares to be vested, representing 1.16% of the company's total share capital [1][2]. - The number of individuals eligible for this vesting is 511, with 446 receiving shares from the initial grant and 116 from the reserved grant [1][2]. Conditions for Vesting - The vesting of restricted stocks is contingent upon meeting specific performance criteria, including financial performance metrics over the 2022-2024 period [10][26]. - The company must achieve a cumulative net profit of no less than 2 billion yuan or a revenue growth rate of at least 25% based on 2021 figures [26]. Changes in Grant and Vesting - The initial grant amount was adjusted from 1,033.40 million shares to 1,860.12 million shares, with the grant price revised from 20.73 yuan to 10.27 yuan per share [16][19]. - Following the adjustments, the number of individuals eligible for the initial grant decreased from 503 to 471 due to various reasons, including resignations and performance evaluations [19][28]. Legal and Compliance Aspects - The company has complied with relevant laws and regulations regarding the incentive plan, and the adjustments and vesting have received necessary approvals [37]. - The vested shares will not have a lock-up period, but there are restrictions on the transfer of shares by directors and senior management [34][36].

证券代码：300761 证券简称：立华股份 公告编号：2025-044 江苏立华食品集团股份有限公司 关于2022年限制性股票激励计划首次及预留授予部分第一个 归属期归属结果暨股份上市的公告 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： 本次归属日：2025 年 6 月 10 日 本次归属数量：共计 962.514 万股，占目前公司总股本的 1.16%；其中首 次授予部分 829.35 万股，预留授予部分 133.164 万股。 本次归属人数：511 人；其中首次授予部分 446 人，预留授予部分 116 人 （51 名激励对象本次同时归属首次及预留部分限制性股票）。 本次归属的限制性股票不设限售期，激励对象为董事、高级管理人员的按 照相关规定执行。 江苏立华食品集团股份有限公司（以下简称公司）于 2025 年 5 月 29 日分别 召开第四届董事会第六次会议、第四届监事会第六次会议，审议通过《关于 2022 年限制性股票激励计划首次授予部分第一个归属期符合归属条件的议案》《关于 2022 年限制性股票激励计划预留授予部分第一个归属期符合归属 ...

Core Viewpoint - Lihua Co., Ltd. reported a decline in average sales prices for both yellow feathered chickens and pork in May 2023, while sales volumes increased, indicating a "volume up, price down" scenario [1][2]. Sales Performance - In May, Lihua sold 47.71 million meat chickens, generating sales revenue of 1.118 billion yuan, with an average sales price of 10.67 yuan/kg, reflecting a year-on-year decrease of 20.96% in price but a volume increase of 15.03% [1]. - For pork, Lihua sold 127,700 pigs in May, with sales revenue of 241 million yuan and an average price of 14.87 yuan/kg, showing a year-on-year price decline of 9.22% but a volume increase of 36.29% [2]. Market Analysis - Analysts noted that the yellow feathered chicken market is experiencing low price fluctuations due to seasonal demand and increased supply capacity, leading to short-term price pressure [1][2]. - The pork market is currently in a phase of ample supply and declining prices, with the overall trend showing an "M-shaped" price movement throughout May [3]. Future Outlook - Analysts predict that yellow feathered chicken prices will stabilize with potential minor fluctuations, but significant price increases seen in previous years are unlikely to recur [2]. - The pork market is expected to maintain profitability for producers, although some small-scale farms are accelerating the culling of sows due to market conditions [3]. Cost Management - Companies are focusing on cost reduction and efficiency improvements, including enhancing breeding rates and lowering feed conversion ratios to mitigate price volatility risks [3].

Group 1 - Baiyunshan received drug registration certificate for Tadalafil tablets (2.5mg, 5mg) from the National Medical Products Administration, indicating its entry into the erectile dysfunction treatment market [1] - Huayin Power plans to invest approximately 1.398 billion yuan in three renewable energy projects with a total installed capacity of 230 MW [2] - GAC Group reported a 24.8% year-on-year decline in May automobile sales, with total sales of 117,700 units [3] Group 2 - Honghui Fruits and Vegetables announced a potential change in control due to share transfer negotiations, leading to a temporary suspension of its stock and convertible bonds [4] - Fuyuan Pharmaceutical's subsidiary received a drug registration certificate for Bromhexine Hydrochloride oral solution, aimed at treating respiratory diseases [5][6] - Jianghan New Materials plans to repurchase shares worth 200 million to 400 million yuan, with a maximum price of 30 yuan per share [7][8] Group 3 - Sinan Navigation received an administrative regulatory decision from the Shanghai Securities Regulatory Bureau due to multiple issues in its 2024 annual report [9][10] - Hesheng Co. received approval from the China Securities Regulatory Commission for a stock issuance to specific investors [11] - Daqin Railway reported a 1.85% year-on-year decrease in cargo transportation volume in May, totaling 32.96 million tons [13] Group 4 - Ningbo Construction's subsidiary won a design and construction project with a bid of 787 million yuan [14] - Yuehongyuan A announced the termination of a major asset restructuring plan due to failure to reach an agreement on key terms [15][16] - Mingyang Smart Energy reached a 190 million yuan repurchase agreement with Haiji New Energy [18] Group 5 - CNE Group's subsidiary plans to reduce registered capital from 430 million yuan to 330 million yuan [19] - ST Baili received an administrative penalty for failing to disclose non-operating fund occupation matters, resulting in a fine of 4 million yuan [21] - Baichuan Co. completed the repurchase of a 7.14% stake in its subsidiary for 50 million yuan [22] Group 6 - Dongrui Co. reported May sales of 155,400 pigs, generating revenue of 203 million yuan, a decrease of 8.77% month-on-month [25][26] - Pengding Holdings reported a 22.43% year-on-year increase in May consolidated revenue, totaling 2.598 billion yuan [27] - Dabeinong reported May sales of 727,600 pigs, with total revenue of 1.248 billion yuan [28] Group 7 - Lihua Co. reported a 4.77% year-on-year decrease in May chicken sales revenue, totaling 1.118 billion yuan [29][30] - Jindan Technology plans to use up to 300 million yuan of idle funds for entrusted wealth management [31] - Youxunda won a project from the State Grid worth approximately 176 million yuan [33][34] Group 8 - Shenglan Co. received approval for its convertible bond issuance from the Shenzhen Stock Exchange [35][36] - Jingfang Technology's shareholder plans to reduce holdings by up to 2% of the company's shares [37] - Shiji Information's subsidiary signed a significant contract with Marriott for cloud services [39] Group 9 - Northeast Securities' subsidiary plans to terminate its listing on the New Third Board [40] - Yaji International's supervisor is under investigation for insider trading [42][43] - Yian Technology signed a strategic cooperation framework agreement with Shenzhen Hive Interconnect Technology [44] Group 10 - Jinyu Group's subsidiary acquired a real estate project for 3.364 billion yuan [46][47] - Kaiweite's major shareholder plans to reduce holdings by up to 3% of the company's shares [48] - Ningbo Energy's subsidiary plans to publicly transfer fixed assets valued at approximately 17.4372 million yuan [49]

Core Insights - The company Lihua Co., Ltd. (300761) reported sales of 47.71 million meat chickens in May 2025, generating a revenue of 1.118 billion yuan, with an average selling price of 10.67 yuan per kilogram [1] - The month-on-month changes for chicken sales volume, revenue, and average price were 4.98%, -0.62%, and -4.73% respectively, while year-on-year changes were 15.03%, -4.77%, and -20.96% [1] - In May, the company sold 127,700 meat pigs, resulting in a revenue of 241 million yuan, with an average selling price of 14.87 yuan per kilogram [1] - The month-on-month changes for pig sales volume, revenue, and average price were -24.44%, -23.97%, and -1.39% respectively, while year-on-year changes were 36.29%, 24.23%, and -9.22% [1]

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：300761 证券简称：立华股份 公告编号：2025-045 江苏立华食品集团股份有限公司 2025 年 5 月销售情况简报 一、2025 年 5 月销售情况 江苏立华食品集团股份有限公司（以下简称公司）2025 年 5 月销售肉鸡（含 毛鸡、屠宰品及熟制品）4,771.05 万只，销售收入 11.18 亿元，毛鸡销售均价 10.67 元/公斤，环比变动分别为 4.98%、-0.62%、-4.73%，同比变动分别为 15.03%、-4.77%、 -20.96%。 公司 2025 年 5 月销售肉猪 12.77 万头，销售收入 2.41 亿元，肉猪销售均价 14.87 元/公斤，环比变动分别为-24.44%、-23.97%、-1.39%，同比变动分别为 36.29%、 24.23%、-9.22%。 二、原因说明 2025 年 5 月，公司肉猪销量同比增长，主要原因为公司投苗量提升。 三、销售情况汇总 （一）公司肉鸡销售情况汇总如下： | 月份 | | 肉鸡销量（万只） | | 销售收入（亿元） | 毛鸡销 ...