证券代码：300967 证券简称：晓鸣股份 公告编号：2025-105 根据《中华人民共和国公司法》、中国证券监督委员会发布最新《上市公司 章程指引》、《深圳证券交易所创业板股票上市规则》、《深圳证券交易所上市 公司自律监管指引第 2 号——创业板上市公司规范运作》等法律、法规、规范性 文件的有关规定。宁夏晓鸣农牧股份有限公司（以下简称"公司"）第五届董事 会由 9 名董事组成，其中独立董事 3 名，职工代表担任的董事 1 名。职工代表董 事由公司职工代表大会选举产生。 公司于 2025 年 6 月 30 日召开了职工代表大会，经与会职工代表审议并举手 表决，一致同意选举郭磊先生为公司第五届董事会职工代表董事（简历详见附件）。 郭磊先生将与公司 2023 年第三次临时股东大会选举产生的非职工董事共同 组成公司第五届董事会，任期自当选职工代表董事之日至第五届董事会任期届满 为止。 特此公告。 宁夏晓鸣农牧股份有限公司董事会 2025 年 7 月 1 日 宁夏晓鸣农牧股份有限公司 关于选举产生第五届董事会职工代表董事的公告 本公司及监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 ...

宁夏晓鸣农牧股份有限公司 关于 2025 年第二季度可转债转股情况的公告 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： 5、转股股份来源：新增股份 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》等有关规定，宁夏晓鸣农牧股份有限公司（以下简称"公司"） 现将 2025 年第二季度可转换公司债券（以下简称"可转债"）转股及公司股份变动情况 公告如下： | 证券代码：300967 | 证券简称：晓鸣股份 公告编号：2025-106 | | --- | --- | | 债券代码：123189 | 债券简称：晓鸣转债 | 一、可转换公司债券基本情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意宁夏晓鸣农牧股 份有限公司向不特定对象发行可转换公司债券注册的批复》（证监许可[2023]253 号）同 意注册。宁夏晓鸣农牧股份有限公司（以下简称"公司"）于 2023 年 4 月 6 ...

宁夏晓鸣农牧股份有限公司 简式权益变动报告书 上市公司名称：宁夏晓鸣农牧股份有限公司 股票上市地点：深圳证券交易所 股票简称：晓鸣股份 股票代码：300967 信息披露义务人 1：广州谢诺辰途股权投资管理有限公司——厦门辰途创业投资 合伙企业（有限合伙） 住所：厦门市湖里区和宁二路 7 号 401 室之七十四 通讯地址：广州市天河区珠江西路 10 号高德置地广场 C 座 705 信息披露义务人 2：广州谢诺辰途股权投资管理有限公司——辰途第一产业股权 投资基金 住所：广州市天河区珠江西路 10 号高德置地广场 C 座 705 通讯地址：广州市天河区珠江西路 10 号高德置地广场 C 座 705 一、本报告书系信息披露义务人根据《中华人民共和国证券法》（以下简称 《证券法》）、中国证券监督管理委员会发布的《上市公司收购管理办法》（以 下简称《管理办法》）和《公开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称《准则 15 号》）及其他相关法律法规、部 门规章的有关规定编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条 ...

证券代码：300967 证券简称：晓鸣股份 公告编号：2025-103 宁夏晓鸣农牧股份有限公司 关于合计持股 5%以上股东持股比例达到 5%的权益变动提示性公告 股东广州谢诺辰途股权投资管理有限公司——厦门辰途创业投资合伙企业 （有限合伙）及其一致行动人广州谢诺辰途股权投资管理有限公司——辰途第一 产业股权投资基金、广州谢诺投资集团有限公司保证向本公司提供的信息内容真 实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 截至本公告披露日，上述减持计划尚未实施完毕。 公司于 2025 年 6 月 30 收到公司股东厦门辰途、辰途第一产业基金和谢诺投 资出具的《简式权益变动报告书》，现将其有关权益变动情况公告如下： | 基本情况 | | | | | --- | --- | --- | --- | | | 宁夏晓鸣农牧股份有限 | | 宁夏自治区银川市永宁县黄 | | 上市公司名称 | 公司 | 上市公司所在地 | 羊滩沿山公路 93 公里处向 | | | | | 西 3 公里处 | | 股票简称 | 晓鸣股份 | 股票代码 | 3 ...

债券代码：300967.SZ 债券简称：晓鸣股份 债券代码：123189.SZ 债券简称：晓鸣转债 宁夏晓鸣农牧股份有限公司 向不特定对象发行可转换公司债券 受托管理事务报告 （2024 年度） 发行人 1 宁夏晓鸣农牧股份有限公司 （住所：永宁县黄羊滩沿山公路 93 公里处向西 3 公里处） 债券受托管理人 华西证券股份有限公司 （住所：中国（四川）自由贸易试验区成都市高新区天府二街 198 号） 2025 年 6 月 重要声明 华西证券股份有限公司（以下简称"华西证券"）编制本报告的内容及信息 均来源于宁夏晓鸣农牧股份有限公司（以下简称"发行人""公司"或"晓鸣股 份"）对外发布的《宁夏晓鸣农牧股份有限公司与华西证券股份有限公司关于 2022 年创业板向不特定对象发行可转换公司债券之债券受托管理协议》（以下 简称"《受托管理协议》"）《宁夏晓鸣农牧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》"）《宁夏晓鸣 农牧股份有限公司 2024 年年度报告》（以下简称"《2024 年年度报告》"）等 相关公开信息披露文件、发行人提供的证明文件以及第三方中介机构出具的专业 意 ...

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The industry is entering a consumption off-season, leading to potential short-term pressure on chicken prices [5][15] - The supply of breeding chickens remains sufficient, with high inventory levels in the market [15][16] - The impact of avian influenza is mixed, with Brazil declaring an end to its outbreak while the U.S. continues to face challenges [16][19] Summary by Sections 1. Consumption Trends - White feather chicken prices remained stable in May 2025, with an average selling price of 7.41 yuan/kg, showing a slight decrease of 0.01 yuan/kg month-on-month [15] - Yellow feather chicken prices weakened due to reduced holiday demand, with an average price of 10.63 yuan/kg in May, down 4.06% month-on-month [28] - Egg prices are expected to decline further in June due to weak terminal consumption and high supply pressure, with the wholesale price of eggs at 5.94 yuan/kg, down 15.14% month-on-month [35][36] 2. Breeding Chicken Sales and Prices - In May, the sales volume of white feather chicken chicks was 429 million, an increase of 0.16 million from the previous month [16] - The sales volume of yellow feather chicken chicks reached 6.57 million sets, up 10.98% month-on-month [28] - The average price of white feather chicken chicks was 3.07 yuan/chick, reflecting a month-on-month increase of 0.18 yuan/chick [39] 3. Financial Performance of Key Companies - Yisheng shares reported a sales volume of 56.61 million chicks in May, with a revenue of 174 million yuan, reflecting a month-on-month increase of 23.05% [39][41] - Minhe shares saw a sales volume of 25.33 million chicks, with a revenue of 71 million yuan, up 4.10% month-on-month [43][45] - Xiaming shares experienced a decrease in sales volume to 23.25 million chicks, with a revenue of 101 million yuan, down 8.40% month-on-month [46] 4. Price Trends in Chicken Meat - The average price of white feather chicken meat decreased by 1.80% month-on-month, with sales revenue of 423 million yuan in May [47] - The average price of yellow feather chicken meat also saw a decline, with sales revenue of 249.5 million yuan [56][58] - The overall trend indicates a downward pressure on chicken meat prices due to seasonal factors and supply dynamics [5][15][28]

Core Viewpoint - Ningxia Xiaoming Agricultural and Animal Husbandry Co., Ltd. maintains a long-term credit rating of A with a stable outlook, reflecting its competitive position in the poultry industry and improved financial performance [1][3][4]. Company Overview - The company is the first A-share listed company in China focusing on egg-laying chickens, with a market share of over 20% in the national market for commodity layer chicks [3][22]. - As of 2024, the company sold 228 million commodity layer chicks, achieving total revenue of 971 million yuan, a year-on-year increase of 16.83% [5][15]. Financial Performance - In 2024, the company turned a profit with a total profit of 45 million yuan, compared to a loss of 155 million yuan in 2023 [11][15]. - The gross margin significantly increased due to rising sales prices and decreasing raw material costs, with the overall gross margin reaching 16.48% [5][26]. - As of March 2025, the company's total assets were 17.04 billion yuan, with owner’s equity of 8.59 billion yuan [11][15]. Industry Analysis - The poultry industry in China has seen increased concentration, with larger enterprises gaining market share as smaller farms exit the market due to regulatory pressures and disease outbreaks [18][21]. - The average price of layer chicks has risen, reflecting increased demand driven by improved industry conditions [19][22]. - The industry is expected to evolve towards automation, digitization, and branding, with non-cage farming practices providing growth opportunities [21][22]. Risk Factors - The company's financial health is impacted by the cyclical nature of the poultry industry, which is sensitive to national livestock policies and environmental regulations [5][18]. - The company faces challenges related to asset liquidity, with a high proportion of non-current assets [5][11].

宁夏晓鸣农牧股份有限公司 2025 年跟踪评级报告 | 1 | | --- | | N-14 26 WW | | 1 服务 121 13 | www.lhratings.com 1 联合〔2025〕4265 号 联合资信评估股份有限公司通过对宁夏晓鸣农牧股份有限公司 主体及其相关债券的信用状况进行跟踪分析和评估，确定维持宁夏 晓鸣农牧股份有限公司主体长期信用等级为 A，维持"晓鸣转债" 信用等级为 A，评级展望为稳定。 特此公告 联合资信评估股份有限公司 评级总监： 二〇二五年六月十六日 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日的 独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合资信 基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对象的事 实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵循了真 实、客观、公正的原则。鉴于信用评级工作特性及受客观条件影响，本报告 在资料信息获取、评级方法与模型、未来事项预测评估等方面存在局限性。 二、本报告系联合资信接受宁夏晓鸣农牧股份有限公司（以下简称"该 公司"）委托所出具，除因本次评级事项联合资信与该公司构成 ...

Group 1 - The poultry concept sector experienced a decline of 1.09%, ranking among the top losers in the market, with major companies like Juxing Agriculture, Xiaoming Co., and Hefeng Co. seeing significant drops [1][2] - Among the poultry stocks, only two companies, Yike Food and Tianma Technology, saw price increases of 0.79% and 0.16% respectively [1][2] - The poultry sector faced a net outflow of 188 million yuan in capital, with 17 stocks experiencing net outflows, and seven stocks seeing outflows exceeding 10 million yuan [2][3] Group 2 - New Hope led the net capital outflow in the poultry sector with 48.85 million yuan, followed by Shuanghui Development, Tangrenshen, and Xiaoming Co. with outflows of 22.82 million yuan, 21.74 million yuan, and 21.68 million yuan respectively [2][3] - Conversely, the stocks with the highest net capital inflow included Shengnong Development, Wen's Shares, and Yike Food, attracting 18.08 million yuan, 1.44 million yuan, and 0.69 million yuan respectively [2][3] - The trading volume for New Hope was 0.74%, while Xiaoming Co. had a notably higher turnover rate of 11.42% despite its price drop of 2.94% [2][3]

Market Overview - The computing power industry chain is strengthening, with the CPO direction leading the gains [1][3] - The gold and jewelry, innovative pharmaceuticals, rare earth permanent magnets, quantum technology, and IP economy concept stocks are active [1][3] - The sectors of departure tax refund, anti-tariff, semiconductors, liquor, and consumer electronics are weakening [1][3] Index Performance - On June 12, the three major stock indices closed mixed: the Shanghai Composite Index at 3402.66 points, up 0.01%; the Shenzhen Component Index at 10234.33 points, down 0.11%; and the ChiNext Index at 2067.15 points, up 0.26% [1] Sector Performance - Precious metals sector rose by 3.26% with significant inflows [4] - The beauty care sector increased by 2.39% with a net inflow of 6.18 million [4] - The film and television sector saw a rise of 2.32%, with Happiness Blue Ocean up over 13% [5] - The breeding industry declined, with Xianfeng Holdings down over 4% [5] Fund Flow - Main funds saw a net inflow into communication, computer, and media sectors [7] - Notable net inflows included Rongfa Nuclear Power at 8.81 billion, Zijin Mining at 7.86 billion, and Dongfang Caifu at 6.07 billion [8] - Major net outflows were observed in BYD at 6.65 billion, Kweichow Moutai at 4.94 billion, and Yaoji Technology at 4.71 billion [9] Institutional Insights - Guojin Securities suggests that new consumption faces valuation pressure, recommending low absorption rather than chasing highs [10] - China Galaxy Securities notes the positive impact of "H+A" stocks on the brokerage sector [11] - Guodu Securities highlights that the market's recent stabilization above 3400 points lacks clear signs of new capital influx, with trading volume around 1.3 trillion, indicating a need for caution [11]