证券代码：300967 证券简称：晓鸣股份 公告编号：2025-093 本次回购总金额不低于人民币 2,000.00 万元（含）且不超过人民币 4,000.00 万元 （含），回购股份的价格不超过 19.74 元/股。具体回购数量以回购期限届满时实际回购 的股份数量为准。本次回购股份的实施期限自公司股东大会审议通过回购方案之日起 12 个月内。具体内容详见公司 2024 年 12 月 20 日、2025 年 1 月 13 日在巨潮资讯网 （http://www.cninfo.com.cn）披露的《关于回购公司股份方案的公告》(公告编号：2024- 136)、《回购报告书》(公告编号：2025-011)。 将使用自有资金和/或自筹资金通过二级 市场以集中竞价交易方式回购部分公司已在境内发行上市的人民币普通股（A 股）股票， 用于实施员工持股计划或股权激励计划。 一、回购方案概述 宁夏晓鸣农牧股份有限公司 宁夏晓鸣农牧股份有限公司（以下简称"公司"）于 2024 年 12 月 20 日召开第五届 董事会第十七次会议、第五届监事会第七次会议，于 2025 年 1 月 10 日召开 2025 年第一 次临时股东大会逐 ...

股权登记日期间，因可转债转股、股份回购、股权激励行权、再融资新增股份上 市等致使公司总股本发生变动的,公司将按照分配比例不变的原则对分配总额进 行调整。 2、自分配方案披露至实施期间，公司可转换公司债券（债券简称：晓鸣转 债；债券代码：123189）发生转股使股份增加 307 股，公司股本总额由 187,568,073 股增加至 187,568,380 股；公司回购专用证券账户的股份数量 1,893,300 股增加 至 1,893,500 股，根据相关规定，公司回购专用证券账户持有的本公司股份不享 有利润分配权益；综上，公司本次权益分派的股本分配基数由 185,674,773 股变 更为 185,674,880 股。按照分配比例不变的原则，公司 2024 年年度利润分配方 案调整为：公司以现有总股本 187,568,380 股扣除回购专户持有股份 1,893,500 股后的股本 185,674,880 股为基数，向全体股东每 10 股派发现金股利 2.00 元人 民币（含税），以此测算派发的现金红利共计 37,134,976.00 元人民币（含税）。 | 证券代码：300967 | 证券简称：晓鸣股份 | 公 ...

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].

| 证券代码：300967 | 证券简称：晓鸣股份 | 公告编号：2025-090 | | --- | --- | --- | | 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 关于实施权益分派期间晓鸣转债暂停转股的公告 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： 宁夏晓鸣农牧股份有限公司（以下简称"公司"）因实施公司 2024 年度权益分派， 根据《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》的相关要求及 《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募集说明书》中"转股价 格的调整方式及计算公式"条款的规定（详见附件），自 2025 年 5 月 16 日起至本次权益 分派股权登记日止，公司可转换公司债券（债券简称：晓鸣转债；债券代码：123189）将 暂停转股，本次权益分派股权登记日后的第一个交易日起恢复转股。在上述暂停转股期间， 公司可转换公司债券正常交易，敬请公司可转换公司债券持有人注意。 特此公告。 宁夏晓鸣农牧股份有限公司董事会 2025 年 5 月 14 日 1、债 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [12] Core Views - The pet sector continues to show high prosperity, driven by domestic substitution and consumption upgrades, leading to a dual increase in volume and price [1][2] - The industry is transitioning from "scale expansion" to "value creation," with leading companies shifting from "manufacturing" to "intelligent manufacturing" through formula innovation and precise demand capture [2][17] - The domestic pet food market remains strong, with a significant increase in sales and exports, indicating robust growth potential for domestic brands [2][17] Summary by Sections Pet Sector - The fifth TOPS Pet Expo in Shanghai showcased over 1,200 exhibitors and 8,000+ brands, reflecting strong growth momentum in the pet industry, with a 43% year-on-year increase in attendance [1][16] - Trends in pet food are shifting towards precision nutrition, with a focus on age-specific feeding and high-end production techniques [1][16] - Key recommended companies in the pet food sector include Guibao Pet, Zhongchong Co., Petty Co., and Lusi Co., with additional recommendations for pet medical and product companies [2][17] Swine Sector - As of May 10, the average price of live pigs was 14.90 yuan/kg, showing a slight decline, with production capacity continuing to grow [3][18] - The industry is facing a potential downturn in profitability due to weak demand and seasonal price declines [3][19] - Recommended companies include leading players such as Wens Foodstuffs and Muyuan Foods, with a focus on core assets [19] Poultry Sector - The white chicken segment is facing uncertainties in breeding imports, with a significant decline in the number of breeding stock updated [20][21] - The yellow chicken segment is expected to benefit from improved consumer demand, with stable prices observed [23] - Recommended companies include Shengnong Development and Lihua Co. for white chicken, and Wens Foodstuffs for yellow chicken [22][23] Planting Sector - The government emphasizes agricultural technology innovation and self-sufficiency in food security, with a focus on biological breeding [25][26] - Recommended companies in the seed sector include Longping High-Tech and Dabeinong, with additional focus on agricultural water-saving technologies [25][26] Feed and Animal Health Sector - Hai Da Group is highlighted for its market share growth and consistent performance in the feed sector [27] - The animal health sector is seeing new opportunities in pet health products, with recommended companies including KQ Bio and Zhongmu Co. [28]

Core Viewpoint - Xiaoming Co., Ltd. (300967) reported a decrease in chicken product sales and revenue for April 2025, influenced by limited profitability in downstream egg-laying chicken farming and weak holiday effects [1] Sales Performance - In April 2025, the company sold 24.8788 million chickens, with a sales revenue of 110 million yuan [1] - Month-on-month changes showed a decrease of 15.57% in sales volume and 15.62% in revenue [1] - Year-on-year changes indicated an increase of 28.93% in sales volume and 73.86% in revenue [1] Market Influences - The decline in sales volume is attributed to limited profitability in the downstream egg-laying chicken farming sector [1] - The weak holiday effect also contributed to the reduced order quantity for chicken products compared to the previous month [1]

宁夏晓鸣农牧股份有限公司 证券代码：300967 证券简称：晓鸣股份 公告编号：2025-088 2024 年年度股东大会决议的公告 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。 特别提示 1、本次股东大会没有否决议案的情况； 2、本次股东大会没有变更前次股东大会决议的情况； 一、 会议召开的情况 1、会议召开的日期、时间： （1）现场会议召开时间：2025 年 5 月 9 日（星期五）14:30 开始。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时 间为 2025 年 5 月 9 日（星期五）9:15-9:25，9:30-11:30 和 13:00-15:00；通过 深圳证券交易所互联网投票系统投票的具体时间为 2025 年 5 月 9 日（星期五） 9:15-15:00。 2、现场会议召开地点：宁夏回族自治区银川市金凤区创业街 36 号宁夏晓鸣 农牧股份有限公司（以下简称"公司"）办公楼一楼会议室。 3、会议召开方式：本次股东大会采取现场表决与网络投票相结合的方式。 4、会议的召集人：公司董事会 5、会议的主持人：公司董事长 魏晓明 ...

北京海润天睿律师事务所 关于宁夏晓鸣农牧股份有限公司 2024 年年度股东大会的法律意见书 中国 · 北京 地址:北京市朝阳区建外大街甲 14 号广播大厦 5/9/10/13/17 层 邮编: 100022 电话: （010）65219696 传真: （010）88381869 海润天睿律师事务所 HAI RUN LAW FIRM 一、本次股东大会的召集、召开程序 2025年4月15日公司召开第五届董事会第二十次会议,审议通过了《关于 提议召开 2024 年年度股东大会的议案》。 2025 年 4 月 16 日公司在指定信息披露媒体上披露了《宁夏晓鸣农牧股份有 限公司关于召开 2024年年度股东大会的通知》(以下简称"股东大会通知")。 本次股东大会现场会议于 2025年 5 月 9 日在宁夏晓鸣农牧股份有限公司办 公楼一楼会议室召开,由于董事长魏晓明主持。本次股东大会召开的时间、地点、 会议议题与股东大会通知中列明的事项一致。 本所律师认为,公司本次股东大会的召集、召开程序符合有关法律、行政法 规、《股东会规则》和《公司章程》的规定。 二〇二五年五月 北京海润天睿律师事务所 关于宁夏晓鸣农牧股份有限公司 2 ...

证券代码：300967 证券简称：晓鸣股份 公告编号：2025-087 4 月鸡蛋价格呈跌-涨-跌走势。清明假期期间，终端消费好转，蛋价处于低 位，节后下游采购低位鸡蛋的积极性提升，市场供需关系收紧，蛋价低位反弹， 但幅度不大。五一假期前夕，节日效应对蛋价提振较弱，市场走货放缓，以清理 库存为主，销区市场整体消化欠佳，鸡蛋价格逐步回落。 | | 月份 | | 销售数量（万羽） | | 销售收入（万元） | | 鸡产品销售均 价（元/羽） | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 当月 | 当年累计 | 当月 | 当年累计 | 当月 | | 2025 | 年 | 1 月 | 2,633.58 | 2,633.58 | 10,702.14 | 10,702.14 | 4.06 | | 2025 | 年 | 2 月 | 2,724.46 | 5,358.04 | 11,545.75 | 22,247.89 | 4.24 | | 2025 | 年 | 3 月 | 2,946.55 | 8,304.59 | 13,048.55 | 35,29 ...

证券代码：300967 证券简称：晓鸣股份 公告编号：2025-086 宁夏晓鸣农牧股份有限公司 关于召开 2024 年年度股东大会的提示性公告 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。 宁夏晓鸣农牧股份有限公司（以下简称"公司"）第五届董事会第二十次会 议审议通过了《关于提议召开 2024 年年度股东大会的议案》，决定于 2025 年 5 月 9 日（星期五）召开公司 2024 年年度股东大会，审议公司第五届董事会第二 十次会议、第五届监事会第八次会议提交的相关议案。公司 2025 年 4 月 16 日于 巨潮资讯网（http://www.cninfo.com.cn）披露了《关于召开 2024 年年度股东 大会的通知》（公告编号：2025-079），现将本次股东大会的有关事项提示公告 如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：经公司第五届董事会第二十次会议审议通过， 决定召开本次股东大会，召集程序符合有关法律、法规、规范性文件和《公司章 程》等的规定。 （1 ...