证券代码：300967 证券简称：晓鸣股份 公告编号：2025-153 宁夏晓鸣农牧股份有限公司 2025 年 9 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。 一、2025 年 9 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"）2025 年 9 月销售鸡产品 2,161.79 万羽，销售收入 6,615.15 万元，环比变动分别为 0.13%、-17.21%，同 比变动分别为-0.77%、-18.14%。 二、原因说明 2025 年 9 月，公司鸡产品销售数量保持稳定，同比及环比均基本持平，销 售收入出现一定波动，主要受行业整体供需结构影响；当前蛋鸡养殖行业供应较 为充足，养殖单位对后市预期趋于谨慎，补栏节奏有所调整，鸡苗价格随之呈现 合理回调。 三、鸡产品销售情况汇总 | | 月份 | | 销售数量（万羽） | | 销售收入（万元） | | 鸡产品销售 均价（元/羽） | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 当月 | 当年累计 | 当月 ...

格隆汇10月9日丨晓鸣股份(300967.SZ)公布，截至2025年9月30日，公司通过回购专用证券账户以集中 竞价交易方式累计回购股份数量为1,893,500股，占公司总股本的1.0095%，成交的最低价格为11.23元/ 股，成交的最高价格为19.18元/股，支付的总金额为人民币21,963,277.00元（不含交易费用）。上述回 购符合公司回购方案及相关法律法规的要求。 ...

Market Overview - On October 9, the aquaculture sector rose by 0.21% compared to the previous trading day, with *ST Tianshan leading the gains [1] - The Shanghai Composite Index closed at 3933.97, up 1.32%, while the Shenzhen Component Index closed at 13725.56, up 1.47% [1] Stock Performance - The top-performing stocks in the aquaculture sector included: - *ST Tianshan: Closed at 8.70, up 4.32% with a trading volume of 64,800 shares and a turnover of 55.68 million yuan [1] - Jingji Dron: Closed at 16.82, up 3.44% with a trading volume of 166,300 shares and a turnover of 276 million yuan [1] - Lihua Co.: Closed at 22.17, up 2.12% with a trading volume of 133,000 shares and a turnover of 288 million yuan [1] Capital Flow - The aquaculture sector experienced a net outflow of 361 million yuan from institutional investors, while retail investors saw a net inflow of 92.07 million yuan [2] - Notable capital flows included: - Shengnong Development: Net inflow of 23.73 million yuan from institutional investors, but a net outflow of 41.17 million yuan from retail investors [3] - Zhengbang Technology: Net inflow of 16.55 million yuan from institutional investors, with a net outflow of 21.71 million yuan from retail investors [3] Summary of Key Stocks - Stocks with significant net inflows from institutional investors included: - *ST Tianshan: 5.84 million yuan, representing 10.50% of total inflow [3] - New Hope: 4.72 million yuan, representing 1.19% of total inflow [3] - Stocks with notable net outflows from retail investors included: - Shengnong Development: -41.17 million yuan, representing -12.38% of total outflow [3] - Zhengbang Technology: -21.71 million yuan, representing -5.89% of total outflow [3]

证券代码：300967 证券简称：晓鸣股份 公告编号：2025-152 宁夏晓鸣农牧股份有限公司 关于回购公司股份的进展公告 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 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项审议通过《关于回购公司股份方案的议 案》，公司将使用自有资金和/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。 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://w ...

| 证券代码：300967 | 证券简称：晓鸣股份 | 公告编号：2025-151 | | --- | --- | --- | | 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 2025 年第三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： 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 日向不特定 对象发行可转换公司债券 3,290,000 张，每张面值为人民币 100 元，募集资金总额为人民 1、证券代码：300967 证券简称：晓鸣股份 2、债券代码：123189 债券简称：晓鸣转债 3、转股价格：19.34 元/股 4、转股期限：2023 年 10 月 12 日至 2029 年 4 月 5 日 币 329,000,000 ...

Core Viewpoint - The aquaculture sector experienced a decline of 1.53% on September 25, with Xiaoming Co. leading the drop, while the overall market showed mixed results with the Shanghai Composite Index down 0.01% and the Shenzhen Component Index up 0.67% [1] Group 1: Market Performance - The aquaculture sector's decline was marked by Xiaoming Co. falling 3.03% to a closing price of 23.02 [2] - Other notable declines included Huaying Agriculture down 2.68% and Muyuan Foods down 2.08% [2] - The overall trading volume in the aquaculture sector showed a net outflow of 347 million yuan from institutional investors, while retail investors saw a net inflow of 234 million yuan [2][3] Group 2: Individual Stock Performance - Key stocks in the aquaculture sector included: - Jingji Zhino, closing at 17.00 with a slight increase of 0.65% [1] - Lihua Co. down 0.48% to 22.60, with a trading volume of 111,500 shares [1] - Muyuan Foods, despite a decline, had a significant trading volume of 410,300 shares and a transaction value of 2.17 billion yuan [2] - The stock performance table indicates a range of declines across various companies, with the highest drop being 3.03% for Xiaoming Co. [2] Group 3: Capital Flow Analysis - The capital flow analysis revealed: - Major net inflows from retail investors into stocks like Yisheng Co. and Xian Tan Co. [3] - Institutional investors showed a negative net flow in several stocks, indicating a cautious approach [3] - The net inflow for retail investors was 234 million yuan, suggesting a potential interest in the sector despite the overall decline [2][3]

每经AI快讯，晓鸣股份（SZ 300967，收盘价：23.74元）9月24日晚间发布公告称，公司于近日收到公 司股东厦门辰途、辰途第一产业基金、谢诺投资出具的《关于减持期限届满暨减持结果的告知函》，本 次股份减持计划的减持时间已届满。减持期间，公司股东厦门辰途、辰途第一产业基金、谢诺投资共减 持公司股份约497万股，减持股份占公司总股份为2.65%。 2024年1至12月份，晓鸣股份的营业收入构成为：养殖业占比99.96%，其他业务占比0.04%。 截至发稿，晓鸣股份市值为45亿元。 每经头条（nbdtoutiao）——"9·24"一周年，A股总市值破116万亿元！四大变革重塑中国资本市场新生 态 （记者 曾健辉） ...

减持结果的公告 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。 宁夏晓鸣农牧股份有限公司（以下简称"公司"）于 2025 年 5 月 30 日披露 了《关于合计持股 5%以上股东减持股份的预披露公告》（公告编号：2025-085）， 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）（以下简称"厦门辰途"）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（以下简称"辰途第一产业基金"）、广 州谢诺投资集团有限公司（以下简称"谢诺投资"）自上述公告披露之日起 15 个交易日后的 3 个月内以集中竞价和/或大宗交易方式合计减持本公司股份不超 过 5,570,246 股（占当期公司总股本比例为 2.97%，占当期剔除回购专用账户股 份数量后公司总股本的 3.00%）。 2025 年 ...

Macro Economic Overview - The "14th Five-Year Plan" emphasizes the use of more proactive fiscal policies to support employment and foreign trade, and to improve people's livelihoods [3][4] - Recent policies focus on industrial internet applications and the development of new energy sectors, indicating a shift towards digitalization and innovation [3][4] Fixed Income Market - As of August 2025, the total bond custody amount reached 174.54 trillion yuan, with a net increase of 15,060.06 million yuan, indicating a slight decrease in growth compared to previous months [9][10] - The leverage ratio in the bond market slightly increased to 106.88%, reflecting a cautious optimism in the market [13][14] Pharmaceutical Industry - The pharmaceutical sector is entering a new growth phase driven by innovation and optimization of centralized procurement, with major companies like Heng Rui Pharmaceutical and China Biologic Products showing robust revenue growth [17][18] - The recent adjustments in the national medical insurance directory are expected to benefit innovative drugs, leading to potential rapid growth for companies involved [18][19] Non-Bank Financial Sector - The performance of non-bank financial companies is primarily driven by property and equity investments, with significant contributions from the property insurance sector [21][22] - The net profit growth of listed insurance companies improved in the first half of 2025, largely due to the profitability of property insurance [21][24] Agricultural Sector - The price of white feather chicken increased due to supply disruptions and rising demand, with the average selling price reaching 7.17 yuan/kg in August 2025 [30][31] - The egg market faces pressure from high production capacity, limiting the potential for price increases despite some upward movement in prices [32][33] Machinery Industry - The valuation of global robotics companies is being redefined, with Figure's recent funding round valuing the company at 39 billion USD, indicating a bullish outlook for the robotics sector [37][38] - Key components in robotics are expected to see significant valuation increases, with potential PE ratios reaching 200 times as the industry matures [38][39] Consumer Services Sector - The upcoming National Day holiday is expected to boost travel bookings, with a steady increase in pre-booking trends observed [42][45] - The tea and coffee sector continues to show strong performance, with leading brands expanding their market presence despite some overall industry slowdowns [43][45] Real Estate and Construction - China Overseas Property is experiencing growth in both scale and profitability, with projected net profits increasing from 16.1 billion yuan in 2025 to 19.6 billion yuan by 2027 [47][48] - The company is focusing on high-quality expansion and has seen a significant increase in managed area and new contract signings [49][50] Electronics Industry - The domestic high-power server power supply market is growing, with companies like Oulu Tong positioned as leaders in this space, benefiting from the rise of AI applications [51][52] - The demand for higher power server supplies is expected to increase, with new products in development to meet the needs of advanced AI servers [53]

Investment Rating - The industry investment rating is "Positive" (maintained) [1] Core Viewpoints - The upward trend in chicken prices is driven by import disruptions and improved demand, while high egg-laying hen capacity may limit the upward potential of egg prices [4][14] - The white feather chicken price increased in August due to supply constraints and demand from back-to-school stocking, with an average selling price of 7.17 yuan/kg, up 0.64 yuan/kg month-on-month [4][14] - The yellow feather chicken price also rose in August, reaching an average of 12.39 yuan/kg, a month-on-month increase of 19.57%, supported by seasonal demand [5][27] - Egg supply pressure remains high, with the average wholesale price of eggs at 6.22 yuan/kg, up 2.30% month-on-month, but the capacity of laying hens continues to limit price increases [36] Summary by Sections White Feather Chicken - In August, the average selling price was 7.17 yuan/kg, with a profit of 0.86 yuan/chicken, marking a recovery from losses [4][14] - The total stock of white feather breeding chickens was 2.1421 million sets, up 2.6% month-on-month [15] Yellow Feather Chicken - The average selling price in August was 12.39 yuan/kg, with a month-on-month increase of 19.57% [5][27] - The total stock of yellow feather breeding chickens was 2.8539 million sets, up 2.11% month-on-month [27] Egg Production - The average price of egg chicks was 3.00 yuan/chick, down 22.08% month-on-month, while the total stock of laying hens reached 1.317 billion, up 1.93% month-on-month [36] Company Performance - Yisheng shares sold 57.9185 million chicks in August, with a selling price of 3.69 yuan/chick, up 1.93% month-on-month [39] - Wen's shares sold 117 million chickens in August, with a revenue of 2.956 billion yuan, reflecting a month-on-month increase of 27.63% [58] - Lihua shares sold 52.5549 million chickens, with a revenue of 1.32 billion yuan, also showing a month-on-month increase of 27.66% [59]