| 证券代码：300967 | 证券简称：晓鸣股份 | 公告编号：2026-024 | | --- | --- | --- | | 债券代码：123189 | 债券简称：晓鸣转债 | | 宁夏晓鸣农牧股份有限公司 关于可转换公司债券 2026 年付息的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 6、"晓鸣转债"本次付息的债权登记日为 2026 年 4 月 3 日，截止至 2026 年 4 月 3 日下午深圳证券交易所收市后，在中国证券登记结算有限责任公司深圳分公司（以下简称 "中国结算深圳分公司"）登记在册的"晓鸣转债"持有人享有本次派发的利息，在 2026 年 4 月 3 日前（含当日）申请转换成公司股票的可转换公司债券，公司不再向其持有人支 付本计息年度及以后计息年度的利息。 7、下一年度的票面利率：1.80%。 8、下一付息期起息日：2026 年 4 月 6 日 宁夏晓鸣农牧股份有限公司（以下简称"公司"）于 2023 年 4 月 6 日向不特定对象 发行可转换公司债券 329.00 万张，每张面值为人民币 100 元，发行总额为人 ...

Summary of the Conference Call for Xiaoming Co., Ltd. Industry Overview - The egg-laying chicken industry in 2025 is characterized by overproduction due to excessive replenishment in the first half of the year, with over 600 million chickens added, leading to a supply surplus that is expected to last until July-August 2026 [2][3][4]. - The second half of 2026 is anticipated to shift towards a tight balance in supply and demand, primarily due to insufficient replenishment in the latter half of 2025 and the first half of 2026, alongside expectations of a rebound in pork prices [2][5]. - The average laying hen stock in 2025 remained high, exceeding 1.3 billion, indicating a significant overcapacity [3][4]. Key Points on Xiaoming Co., Ltd. - Xiaoming Co., Ltd. aims for a chick sales target of 350 million in 2026, capturing a 30% market share, with orders extending to late May 2026 [2][9]. - The company’s core growth driver is the young chicken business, targeting sales of 10 million in 2026, doubling from the previous year, with plans to reach 50 million in 3-4 years [2][14]. - The company has implemented a strategy to convert low-cost chicks into branded eggs when chick prices fall below production costs, allowing for a price premium of 20%-30% [2][16]. - Digitalization and ESG initiatives are accelerating, with plans to establish a "Future Farm" by July 2026, incorporating AI and robotics for farm management [2][6]. Financial Performance and Market Dynamics - The average cost per chick is expected to stabilize around 3.2 yuan, with the company managing to keep costs in check despite rising feed prices [2][10][21]. - The company experienced a loss in January and February 2026 but anticipates profitability starting in March, with orders already booked through May [9][10]. - The young chicken business has shown resilience, with prices recovering in March 2026 after a slight loss in the previous months [13][14]. Market Trends and Consumer Behavior - The egg market is expected to see two small peaks in 2026, with prices fluctuating around the cost line in the first half and potentially rising in the second half due to reduced supply and increased demand for high-quality and branded eggs [5][8]. - There is a growing trend towards quality and brand differentiation in egg consumption, with a shift from traditional markets to supermarkets [5][18]. - The non-caged egg segment is anticipated to grow, although current supply is significantly below demand, indicating a potential market opportunity [18][19]. Strategic Initiatives and Future Outlook - The company plans to expand its "concentrated breeding, decentralized hatching" model, which has proven effective in ensuring biosecurity and operational efficiency [16][17]. - Future growth in the non-caged egg market will depend on legislative progress, increased food safety recognition, and transparency in procurement information [19]. - Xiaoming Co., Ltd. is exploring overseas investment opportunities, with potential developments expected in 2026 [20]. Conclusion - Xiaoming Co., Ltd. is positioned to navigate the challenges of the egg-laying chicken industry through strategic growth in young chicken sales, digital transformation, and a focus on high-quality products. The company is also preparing for potential international expansion while managing costs effectively amidst rising feed prices.

证券代码：300967 证券简称：晓鸣股份 公告编号：2026-023 宁夏晓鸣农牧股份有限公司 关于使用自有资金进行委托理财的进展公告 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。 宁夏晓鸣农牧股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召开 第五届董事会第二十次会议和第五届监事会第八次会议，审议通过了《关于使用 闲置自有资金进行委托理财的议案》，为提高公司资金使用效率，增加投资收益， 公司同意在确保不影响正常运营和资金安全的前提下，使用不超过 10,000 万元 （含 10,000 万元）闲置的自有资金进行委托理财，用于购买银行、证券公司、 信托公司、基金管理公司等金融机构发行的安全性高、流动性好、中低风险的现 金管理类产品或理财产品。上述额度自董事会审议通过之日起 12 个月内有效， 在有效期内额度可循环滚动使用，但期限内任一时点的委托理财金额(含前述投 资的收益进行再投资的相关金额)不得超过 10,000 万元。如单笔交易的存续期超 过了授权期限，则授权期限自动顺延至单笔交易终止时止。 自 2025 年 10 月 22 日起至本 ...

一、2026 年 2 月鸡产品销售情况 宁夏晓鸣农牧股份有限公司（以下简称"公司"）2026 年 2 月销售鸡产品 2,188.77 万羽，销售收入 6,420.19 万元，环比变动分别为-4.35%、9.57%，同 比变动分别为-19.66%、-44.39%。 二、原因说明 2026 年 2 月，公司鸡产品销售数量、价格环比小幅变化，反映出行业市场 仍在低位震荡调整。当前，全国在产蛋鸡存栏量仍处于历史相对高位，行业整体 供需格局持续处于调整阶段，供给压力依旧显著，生猪价格低位运行持续抑制了 鸡蛋替代性消费需求，2 月补栏积极性、鸡苗价格虽略有回暖，但价格端仍面临 压力，预期 3 月需求端有望进一步复苏。 证券代码：300967 证券简称：晓鸣股份 公告编号：2026-022 宁夏晓鸣农牧股份有限公司 2026 年 2 月鸡产品销售情况简报 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。 1、上述财务数据均未经审计，可能与公司定期报告披露的数据存在一定差 三、鸡产品销售情况汇总 | | 月份 | | 销售数量（万羽） | | 销售收入（万元） | | 鸡产品销 ...

Summary of the Conference Call for Xiaoming Co. Company Overview - The conference call was held for Xiaoming Co., with Chairman Guo providing insights into the company's recent operational performance and future outlook [1] Key Points on Company Performance - Xiaoming Co. anticipates a net profit attributable to shareholders in the range of 71 million to 92 million for 2025, marking one of the best performances since its listing [2] - The company experienced a significant increase in managerial performance, with growth rates exceeding 60% and 90% in different segments [3] - The first half of 2025 saw sales of approximately 1.5 to 1.6 billion, driven by a strong demand from farmers who are financially stable after a recovery in the previous year [4] - The second half of 2025 is expected to face challenges due to a downturn in the market, with egg prices dropping to around 2.8 to 3.0, which is below the cost line for many farmers [5][7] Industry Insights - The egg industry faced significant losses in 2025, with 8 out of 12 months reporting negative performance [2] - The consumption of eggs is primarily driven by household purchases (51-52%), followed by the catering industry (28%) and processed food (18%) [12] - The market is shifting, with a decline in purchases from traditional markets and an increase in supermarket sales [12] - Future growth in the egg market is expected to come from changes in consumer behavior, such as increased demand for takeout and convenience foods [13] Market Dynamics - The industry is currently experiencing a tight supply situation, with a significant number of farmers holding back on inventory due to previous losses [6][10] - The expected peak in egg production is projected for August 2026, as new high-yield breeds come into production [8] - The overall market for eggs is anticipated to remain volatile, with prices fluctuating around the cost line for producers [10] Future Projections - Xiaoming Co. aims to maintain a sales target of 1 billion units for its products, with a focus on increasing market share and pricing strategies [25][14] - The company is optimistic about the upcoming peak seasons, particularly around the National Day holiday, expecting a balanced supply-demand situation [10][11] - The integration of smaller producers into larger firms is expected to continue, reshaping the competitive landscape of the industry [21] Additional Insights - The company is preparing for potential price increases in the future, driven by rising costs in feed and production [28] - The demand for chicks is currently high, with a tight balance in supply, indicating a potential for price increases in the near term [18] - The overall sentiment in the industry remains cautiously optimistic, with expectations for recovery in the second half of the year [30] This summary encapsulates the key points discussed during the conference call, highlighting the performance of Xiaoming Co. and the broader industry dynamics affecting the egg market.

Key Points - Roman Co., Ltd. has a relatively small business scale and market share due to the short establishment time of its subsidiary, Wutong High-tech [1] - Filihua expects that the revenue from its quartz electronic cloth business will account for approximately 5% of the company's total revenue by 2025 [1] - Neusoft Carrier's subsidiary plans to invest in the construction of a national new energy storage innovation center in Foshan Nanhai [1] - ST Dali has signed a contract worth 88.879 million yuan [1] - Huaming Equipment anticipates a net profit growth of 15.54% year-on-year in 2025 and plans to distribute 2.1 yuan per 10 shares [1] - Aokema intends to acquire 45% equity in a smart industry company for 253 million yuan [1] - Guangzhou Restaurant has repurchased 1.11% of its shares [1] - Founder Technology plans to reduce its shareholding by no more than 3% [1] - Mind Electronics intends to raise no more than 1 billion yuan through a private placement [1] - ST Huawen has been accepted for reorganization by the court, and its stock will be subject to delisting risk warnings [1]

Core Viewpoint - The article provides an overview of various convertible bonds, including their current prices, redemption prices, last trading dates, conversion values, and remaining scales, highlighting potential investment opportunities in the convertible bond market [1][3][5]. Group 1: Convertible Bonds Overview - The convertible bond "冠中转债" is noted as not subject to forced redemption, with a last trading date of February 26, 2026 [1][7]. - The current prices of several convertible bonds are listed, with "Z兴发转" at 150.411, "赛龙转债" at 133.300, and "首华转债" at 144.973, among others [3]. - The conversion values for these bonds are also provided, with "Z兴发转" having a conversion value of 150.99 and "赛龙转债" at 133.65 [3]. Group 2: Key Metrics of Convertible Bonds - The remaining scale of "凤21转债" is reported at 14.619 billion, while "众和转债" has a remaining scale of 7.338 billion [3]. - The proportion of convertible bonds to their underlying stocks is highlighted, with "赛龙转债" at 5.49% and "首华转债" at 5.45% [3]. - The last trading dates for several bonds are specified, with "华安转债" on March 6, 2026, and "乐普转2" on March 24, 2026 [5][7].

Summary of Key Points Core Viewpoint - Multiple shareholders across various companies are planning to reduce their holdings, indicating potential shifts in investor sentiment and market dynamics. Shareholder Reductions - Xiamen Chentu and its concerted parties plan to reduce holdings by up to 4.027 million shares in Xiaoming Co [1] - Guoxin Jianyuan and Jianxin Investment intend to collectively reduce holdings by up to 26.7516 million shares in Hongsheng Huayuan [1] - Founder Information Industry plans to reduce up to 3% of its shares in Founder Technology [1] - The controlling shareholder of Tongguang Cable intends to reduce up to 3% of its shares [1] - Li Jianwei plans to reduce up to 3.2 million shares in Mengjie Co [1] - Sun Xiujie plans to reduce up to 3% of shares in Xinyaqiang [1] - The controlling shareholder of Galaxy Electronics intends to reduce up to 0.81% of its shares [1] - Guangda Investment and Jingwei Investment plan to collectively reduce 4.6443 million shares in Ningbo Jingda [1] - Haishuo Development and Ningbo Hechuang plan to collectively reduce 1.7156 million shares in Sanboshuo [1] - Youlijia Partnership plans to reduce 5.122 million shares in Pioneer Precision [1] - Qizhong Shiyuan has already reduced 5.8036 million shares in Nanwei Software [1] Financial Performance - Zhixiang Jintai is projected to incur a net loss of 536 million yuan in 2025 [1] - Trina Solar is projected to incur a net loss of 6.994 billion yuan in 2025 [1]

Group 1 - The core point of the article is that Xiaoming Co. announced a plan for its shareholders, Xiamen Chentu and its concerted action party, to reduce their holdings by up to 4,027,120 shares, which represents 2.15% of the company's total share capital, between March 4 and June 3, 2026 [2] - The reduction will occur through centralized bidding or block trading, with the selling price not lower than the company's initial public offering price [2]

Core Viewpoint - The company Xiaoming Co., Ltd. (300967.SZ) announced that its shareholder, Xiamen Chentu Venture Capital Partnership (Limited Partnership), along with its concerted action party, plans to reduce its holdings in the company by up to 4.027 million shares, representing 2.15% of the total share capital [1] Group 1 - The reduction in shareholding will occur within three months after the announcement date, through centralized bidding and/or block trading methods [1] - The planned share reduction accounts for 2.17% of the company's total share capital after excluding shares held in the repurchase special account as of the announcement date [1]