宁夏晓鸣农牧股份有限公司 2025 年半年度报告全文 证券代码：300967 证券简称：晓鸣股份 公告编号：2025-118 债券代码：123189 债券简称：晓鸣转债 2025-118 2025 年 08 月 1 宁夏晓鸣农牧股份有限公司 2025 年半年度报告 宁夏晓鸣农牧股份有限公司 2025 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人魏晓明、主管会计工作负责人孙灵芝及会计机构负责人(会计 主管人员)蒋俊赫声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本半年度报告所涉及未来计划等前瞻性陈述，不构成公司对投资者的实 质承诺；投资者及相关人士均应对此保持足够的风险认识，并且应当理解计 划、预测与承诺之间的差异，请投资者注意投资风险。 公司需遵守《深圳证券交易所上市公司自律监管指引第 3 号——行业信 息披露》中的"畜禽、水产养殖相关业务"的披露要求 （一）禽类疫病的风险 禽类疫病是制 ...

Summary of Key Points Core Viewpoint - On August 15, Xiaoming Co. executed a block trade of 278,700 shares, amounting to 5.5405 million yuan, which represented 1.36% of the total trading volume for the day. The transaction price was 19.88 yuan, reflecting a discount of 14.42% compared to the market closing price of 23.23 yuan [1]. Trading Details - The block trade on August 15 involved a total of 27.87 million shares at a price of 19.88 yuan per share, with a total transaction value of 554.05 thousand yuan [1][2]. - The trading volume included 10.30 million shares from one institutional buyer, totaling 2.0476 million yuan, and 17.57 million shares from another institutional buyer, totaling 3.4929 million yuan [2]. - The buyers were associated with Guangfa Securities and Changjiang Securities, indicating institutional interest in Xiaoming Co. [2].

证券之星消息，8月15日养殖业板块较上一交易日上涨0.06%，晓鸣股份领涨。当日上证指数报收于 3696.77，上涨0.83%。深证成指报收于11634.67，上涨1.6%。养殖业板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 300967 | 晓鸣股份 | 23.23 | 5.21% | 17.57万 | 4.00亿 | | 300313 | *ST天山 | 10.82 | 3.94% | 7.72万 | 8213.04万 | | 002321 | 华英农业 | 2.70 | 1.50% | 24.16万 | 6466.10万 | | 300761 | 立华股份 | 20.12 | 1.16% | 6.76万 | 1.36亿 | | 002124 | 天邦食品 | 2.99 | 1.01% | 25.58万 | 7616.79万 | | 002234 | 民和股份 | 9.08 | 1.00% | 8.37万 | 7600.72万 | | 002458 | 益生股份 | ...

金融界消息 截至2025年8月14日收盘，晓鸣股份（300967）报收于22.08元，下跌4.79%，换手率 14.74%，成交量18.39万手，成交金额4.16亿元。 天眼查商业履历信息显示，宁夏晓鸣农牧股份有限公司，成立于2011年，位于银川市，是一家以从事畜 牧业为主的企业。企业注册资本18756.1578万人民币，实缴资本2500万人民币。公司法定代表人为魏晓 明。 通过天眼查大数据分析，宁夏晓鸣农牧股份有限公司共对外投资了3家企业，参与招投标项目100次，知 识产权方面有商标信息13条，专利信息65条，此外企业还拥有行政许可34个。 来源：金融界 资金流向方面，今日主力资金净流出4488.12万元，占比成交额10.78%。其中，超大单净流出3024.90万 元、占成交额7.27%，大单净流出1463.22万元、占成交额3.51%，中单净流出流出316.39万元、占成交 额0.76%，小单净流入4804.52万元、占成交额11.54%。 晓鸣股份最新一期业绩显示，截至2025一季报，公司营业总收入3.94亿元、同比增长125.09%，归属净 利润9902.51万元，同比增长1102.08%，扣非净利润 ...

Core Insights - The aquaculture sector experienced a decline of 1.41% on August 14, with Xiaoming Co. leading the drop [1] - The Shanghai Composite Index closed at 3666.44, down 0.46%, while the Shenzhen Component Index closed at 11451.43, down 0.87% [1] Aquaculture Sector Performance - Notable declines in individual stocks include: - Muyuan Foods: closed at 46.47, down 0.90% with a trading volume of 264,900 shares and a turnover of 1.24 billion [1] - New Hope Liuhe: closed at 9.61, down 1.23% with a trading volume of 302,200 shares and a turnover of 293 million [1] - Wens Foodstuff Group: closed at 17.32, down 1.37% with a trading volume of 426,900 shares and a turnover of 745 million [1] - The overall trading volume and turnover for the aquaculture sector showed significant activity, indicating investor interest despite the declines [1] Capital Flow Analysis - The aquaculture sector saw a net outflow of 520 million from institutional investors, while retail investors contributed a net inflow of 356 million [2] - The sector's capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remained active [2] Individual Stock Capital Flow - Key stocks with notable capital flow include: - Fucheng Co.: net outflow of 13.1 million from institutional investors, with a retail net inflow of 13.3 million [3] - Huaying Agriculture: net inflow of 483,820 from institutional investors, but a net outflow of 540,650 from retail investors [3] - Zhengbang Technology: net inflow of 293,660 from institutional investors, with a retail net outflow of 510,460 [3]

Group 1 - The core viewpoint of the article highlights the stock performance of Xiaoming Co., which closed at 23.19 yuan on August 13, experiencing a decline of 0.81 yuan or 3.37% from the previous trading day [1] - On the same day, the stock opened at 23.58 yuan, reached a high of 24.00 yuan, and a low of 22.50 yuan, with a trading volume of 253,200 hands and a transaction amount of 586 million yuan [1] - The company operates in the agriculture, animal husbandry, and fishery industry, with its registered location in Ningxia, focusing on poultry farming and breeding [1] Group 2 - As of August 13, the total market capitalization of Xiaoming Co. is 4.35 billion yuan, with a circulating market value of 2.894 billion yuan [1] - A rapid rebound in stock price was observed around 13:38 on August 13, with a more than 2% increase in just 5 minutes, rising from 23.23 yuan to 23.45 yuan, and the transaction amount reaching 434 million yuan at that time [1] - In terms of capital flow, on August 13, the net outflow of main funds was 3.1165 million yuan, accounting for 0.11% of the circulating market value, while over the past five trading days, the cumulative net inflow of main funds was 50.9018 million yuan, representing 1.76% of the circulating market value [1]

Market Performance - The three major A-share indices collectively rose, with the Shanghai Composite Index increasing by 0.56% to 3686.34 points, reaching a new high since December 2021 [1] - The Shenzhen Component Index rose by 1.47%, and the ChiNext Index increased by 2.81% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 13,283 billion yuan, an increase of 1,181 billion yuan compared to the previous day, with over 2,600 stocks rising [1] Sector Performance - The securities sector saw a comprehensive increase, with Changcheng Securities and Guosheng Financial Holdings hitting the daily limit [1] - The liquid cooling server sector continued to strengthen, with Feilong Co., Zhunchong Technology, and Dayuan Pump Industry also hitting the daily limit [1] - The pharmaceutical sector collectively rose, with Shouyao Holdings hitting the daily limit and Meidi West rising over 11%, marking the first appearance of drugs under the "dual directory" of medical insurance [1] - The military industry stocks experienced a broad increase, with Changcheng Military Industry achieving seven consecutive limits in ten days and Fenghuo Electronics hitting the daily limit [1] Declining Sectors - The breeding industry sector declined, with Xiaoming Co. falling over 5% and Minhe Holdings dropping over 3% [1] - The port and shipping stocks generally fell, with Lianyungang dropping over 4%, and both China National Offshore and Ningbo Maritime falling over 3% [1]

Group 1 - The A-share market for chicken industry stocks experienced a significant rally, with companies like Xiaoming Co. rising nearly 14%, Minhe Co. up over 8%, and Yisheng Co. increasing by nearly 6% [1] - The price of white feather chicken has seen extreme fluctuations, dropping below 3 yuan per jin in early July, leading to deep losses in the industry. To mitigate excess supply, some breeding farms have resorted to extreme measures such as culling breeding chickens [1] - By August, the price of毛鸡 surged to a peak of 3.7 yuan per jin, while chick prices skyrocketed from 1.5 yuan per chick to 4.2 yuan per chick, marking an increase of 180%. The demand for chicks remains high despite the price surge [1] - Since July, domestic chick prices have entered a rising trend, with a staggering increase of 300% in Shandong, a major meat chicken production province, over just a month [1]

Core Viewpoint - The Chinese livestock industry is experiencing a phase of high pig production capacity, prompting the Ministry of Agriculture and Rural Affairs to implement comprehensive production capacity regulation to mitigate risks of price volatility and overproduction [1][2]. Group 1: Market Performance - As of August 12, 2025, the CSI Livestock Breeding Index (930707) increased by 0.68%, with notable gains from companies such as Xiaoming Co. (300967) up 6.50%, Minhe Co. (002234) up 6.19%, and Yisheng Co. (002458) up 3.28% [1]. - The Livestock ETF (159867) rose by 0.46%, marking its third consecutive increase, with the latest price at 0.65 yuan [1]. Group 2: Policy and Regulation - The Ministry of Agriculture and Rural Affairs has announced plans to guide the reduction of approximately 1 million breeding sows to prevent production fluctuations and price instability [1]. - A meeting held on July 23 emphasized strict implementation of production capacity regulation measures, including the rational elimination of breeding sows and control of new production capacity [1]. Group 3: Industry Outlook - Recent policies are expected to accelerate the elimination of inefficient production capacity in the industry, potentially leading to a long-term increase in pig prices, benefiting low-cost and high-quality pig enterprises [1]. - The top ten weighted stocks in the CSI Livestock Breeding Index account for 64.83% of the index, indicating a concentrated market structure [2].

Group 1 - The poultry concept stocks experienced a rise, with Xiaoming Co., Ltd. increasing by over 11% [1] - Minhe Co., Ltd. saw an increase of nearly 6% [1] - Yisheng Co., Ltd. and Xiangjia Co., Ltd. both rose by nearly 3% [1]