证券代码：300967 证券简称：晓鸣股份 公告编号：2025-100 宁夏晓鸣农牧股份有限公司 2025 年 5 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 5 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 5 月销售鸡产品 2,324.75 万羽，销售收入 10,085.81 万元，环比变动分别为-6.56%、-8.40%，同 比变动分别为 45.59%、91.17%。 二、原因说明 2025 年 5 月，公司鸡产品销售数量、销售收入同比有较大幅度增长，主要 系公司市占率的进一步提升使得量价同比提高。 | | 月份 | | 销售数量（万羽） | | 销售收入（万元） | 价（元/羽） | | 鸡产品销售均 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 当月 | 当月 | 当年累计 | | 当年累计 | 当月 | | 2025 | 年 | 1 月 | 2,633.58 | 10,702.14 | 2, ...

| 股票代码：300967 | 股票简称：晓鸣股份 | | --- | --- | | 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 向不特定对象发行可转换公司债券 第五次临时受托管理事务报告 （2025 年度） 债券受托管理人 二〇二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"） 《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》"）等相关公开信息披露文件、第三 方中介机构出具的专业意见等，由本期债券受托管理人华西证券股份有限公司 （以下简称"华西证券"）编制。华西证券对本报告中所包含的从上述文件中引 述内容和信息未进行独立验证，也不就该等引述内容和信息的真实性、准确性和 完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为华 ...

Core Viewpoint - Ningxia Securities Regulatory Bureau is implementing measures to support private enterprises and enhance high-quality development through comprehensive company visits and problem-solving initiatives [1][2][3][4] Group 1: Company Visits and Support - The bureau aims for full coverage of listed companies in the region, having conducted five joint visits this year, with plans for a second round by the end of the year [2] - The bureau is focusing on high-tech, manufacturing, and traditional manufacturing companies, interpreting policies related to mergers, acquisitions, and dividends [2] - Companies eligible for dividends have announced a total cash dividend of 3.689 billion, a year-on-year increase of 41.85%, with the number of dividend-paying companies reaching a historical high [2] Group 2: Risk Management and Governance - The bureau emphasizes proactive risk management by visiting companies to assess their operational conditions and governance structures [3] - Two companies are set to raise over 3.4 billion through targeted placements and public REITs, with the bureau engaging in detailed discussions about their management and industry conditions [3] - The bureau is focusing on high-risk companies to ensure they implement necessary improvements and manage expectations effectively [3] Group 3: Addressing Challenges for SMEs - The bureau is addressing urgent issues faced by small and medium-sized enterprises, coordinating solutions for nearly 70% of the problems identified [4] - Specific companies in niche markets are being supported to enhance their core businesses and develop new productive capacities [4] - A mechanism for ongoing visits and follow-ups is being established to ensure continuous support and problem resolution for listed companies [4]

Core Viewpoint - The report outlines the issuance of convertible bonds by Ningxia Xiaoming Agricultural and Animal Husbandry Co., Ltd., detailing the approval, terms, and intended use of the raised funds [2][3][4]. Group 1: Bond Issuance Overview - The company has been approved by the China Securities Regulatory Commission to issue convertible bonds totaling RMB 329 million, with a face value of RMB 100 each [2][3]. - The bonds will be issued to unspecified investors, and the funds raised will be used for the company's main business-related investment projects [4][7]. Group 2: Bond Terms and Conditions - The bonds will have an annual interest payment structure, with the first interest payment starting from the issuance date [4][5]. - The initial conversion price for the bonds is set at RMB 19.43 per share, based on the average trading price of the company's stock prior to the announcement [7][8]. - The bondholders will have the right to convert their bonds into shares, with specific conditions for adjusting the conversion price based on corporate actions [9][10]. Group 3: Fund Utilization - The raised funds will be allocated to various projects, including the establishment of a smart agriculture demonstration park [5][6]. - The investment plan has been approved by the company's board and will be executed based on priority [5][6]. Group 4: Company Investment Activities - The company has established a wholly-owned subsidiary with an investment of RMB 10 million to expand its operations in food and agricultural product processing and sales [13][14]. - The subsidiary, Ningxia Xiaoming Danledao Food Co., Ltd., has been registered and will engage in various food-related activities [14][15]. Group 5: Impact Analysis - The investment is expected to enhance the company's overall strength and market competitiveness, positively impacting its development [16][17]. - The company's operational status remains normal, and the establishment of the subsidiary has not adversely affected its debt repayment capacity or daily operations [16][17].

| 股票代码：300967 | 股票简称：晓鸣股份 | | --- | --- | | 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 向不特定对象发行可转换公司债券 第四次临时受托管理事务报告 （2025 年度） 债券受托管理人 二〇二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"） 《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》"）等相关公开信息披露文件、第三 方中介机构出具的专业意见等，由本期债券受托管理人华西证券股份有限公司 （以下简称"华西证券"）编制。华西证券对本报告中所包含的从上述文件中引 述内容和信息未进行独立验证，也不就该等引述内容和信息的真实性、准确性和 完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为华 ...

Mergers and Acquisitions - Bohai Automotive plans to acquire 51% equity stakes in Beijing Beiqi Moulding Technology Co., Ltd. and other companies through a combination of issuing shares and cash payment, indicating a significant asset restructuring [1] - Zhejiang Longsheng intends to purchase 37.57% of the shares in Desida Global Holdings for a total consideration of $697 million [2] - Hangzhou High-tech's subsidiary aims to acquire assets worth 19.29 million yuan, including machinery and electronic equipment, to support its business development [3] Shareholding Changes - Wuhan Tianyuan's major shareholder, Konka Group, plans to reduce its holdings by up to 19.90 million shares, representing 3% of the total share capital [4] - Xiaoming Co. announces that its shareholder, Xiamen Chentu, along with its concerted parties, intends to reduce their holdings by up to 5.57 million shares, accounting for 2.97% of the total share capital [5] - Dianzhi Technology's board member and supervisor plan to sell a small number of shares for personal financial needs, with reductions of 5,000 shares and 40,000 shares respectively [6] Risk Matters - ST Tianyu is under investigation by the police for alleged fund misappropriation involving its actual controller, which may impact investor confidence [7] - ST Jinglan has been subjected to an investigation by the China Securities Regulatory Commission for suspected information disclosure violations, although it claims this will not significantly affect its operations [9] - ST Yazhen warns of potential stock trading anomalies due to a significant price increase of 93.14% over a short period, indicating possible irrational market behavior [10]

证券代码：300967 证券简称：晓鸣股份 公告编号：2025-085 宁夏晓鸣农牧股份有限公司 一、股东的基本情况 1.减持股东：厦门辰途、辰途第一产业基金、谢诺投资为一致行动人关联关 系，受同一实际控制人控制。 2.股东持有公司股份情况 关于合计持股 5%以上股东减持股份的预披露公告 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： 宁夏晓鸣农牧股份有限公司（以下简称"公司"或"本公司"）的股东广州 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"，持本公司 8,194,295 股，占本公司总股本比例 4.37%）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"，持本公司 2,476,814 股，占本公司总股 本比 ...

Core Insights - Ningxia's listed companies have shown steady growth in performance, with a total revenue of 62.338 billion yuan in 2024, representing a year-on-year increase of 4.40%, and a net profit of 6.477 billion yuan, up 5.43% from the previous year [1] - The number of companies distributing cash dividends reached a historical high, with 9 companies disbursing a total of 3.689 billion yuan, marking a significant year-on-year increase of 41.85% [1] - The engagement between listed companies and investors has been enhanced through various initiatives, including cash dividends and share buybacks, which are expected to boost investor confidence [1][2] Company Performance - In 2024, 16 listed companies in Ningxia achieved a total operating income of 62.338 billion yuan and a net profit of 6.477 billion yuan, indicating a positive growth trend [1] - Ningxia Xiaoming Agricultural and Animal Husbandry Co., Ltd. plans to distribute a cash dividend of 2 yuan for every 10 shares, reflecting its strong market position with over 20% market share in the egg-laying chicken industry [2] Investor Engagement - The "Ningxia Listed Companies Investor Reception Day and 2024 Annual Performance Briefing" saw participation from nearly 100 executives, with 718 questions raised by investors and a response rate of 94.85% [2] - The Ningxia Securities Regulatory Bureau emphasized the importance of maintaining integrity and transparency in operations, encouraging companies to focus on core development and enhance market value [2]

Group 1: Industry Overview - The egg chicken industry in China is characterized by a "small scale, large group" structure, leading to low price control and significant profit fluctuations [3][4] - The market share of the company exceeds 20%, establishing it as a benchmark enterprise in the industry [4][6] - The average sales price of chicken products increased by approximately 19.72% year-on-year, reaching about 3.36 CNY per bird [24] Group 2: Business Strategy - The company aims to enhance its brand and product quality through a focus on safety, traceability, and brand recognition [3][20] - Future strategies include optimizing the chicken breeding industry scale and product structure while ensuring sustainable development [7][11] - The company has established a comprehensive biosecurity system, evolving through four stages to ensure safety and efficiency in production [5][13] Group 3: Market Dynamics - The demand for high-quality, traceable products is increasing among consumers, leading to a shift towards branded and premium products [3][20] - The company is actively expanding its product range, including non-cage eggs and processed food products, to meet diverse consumer preferences [10][20] - The company has not encountered significant barriers in expanding its market presence, despite regional differences in breeding standards [16] Group 4: Financial Performance - The company reported a slight decrease in the sales volume of chicken products by 2.58% year-on-year, but maintained a market share of over 20% [24] - The company’s revenue and market share have been steadily increasing, indicating strong financial health [4][18] Group 5: Risk Management - The company has implemented a robust risk assessment framework to address climate anomalies and their impact on production cycles [17] - A complete biosecurity system is in place to mitigate risks associated with animal diseases, with no major outbreaks reported since the company's inception [13] Group 6: Future Outlook - The egg chicken industry is expected to see increased supply from imported breeds and a steady rise in consumer demand, particularly in the food service sector [21][22] - The company plans to maintain a focus on core business areas while exploring new opportunities in emerging markets such as pre-prepared foods and pet food [7][25]

Core Viewpoint - Ningxia Xiaoming Agricultural and Animal Husbandry Co., Ltd. (Xiaoming Co.) is expanding its business by establishing a wholly-owned subsidiary to enhance its sustainable development and operational capabilities in the food and agricultural product processing and sales sector [1] Group 1: Company Overview - Xiaoming Co. is an integrated technology-based enterprise specializing in breeding egg-laying chickens, with a market share exceeding 20% in the national commercial egg chick market [1] - The company has been recognized as a national high-tech enterprise and a key leading enterprise in agricultural industrialization, holding multiple certifications for its farming practices [1] Group 2: New Subsidiary and Business Expansion - The newly established subsidiary, Ningxia Xiaoming Danledao Food Co., Ltd., aims to extend the production and sales of non-caged eggs and cooked chicken products, leveraging the company's advantages in breeding non-caged chickens [2] - The subsidiary has already obtained its business license and is located in the Minning Industrial Park in Yinchuan, Ningxia [1] Group 3: Market Trends and Opportunities - There is a growing market demand for non-caged eggs, driven by consumer awareness of animal welfare, with major international companies setting procurement standards for non-caged eggs [2] - The transition to non-caged farming methods presents challenges for smaller farming enterprises due to increased infrastructure and management costs, which may benefit leading companies like Xiaoming Co. [2] Group 4: Operational Model and Advantages - Xiaoming Co. employs a "centralized breeding, decentralized hatching" model, with multiple high-standard ecological breeding bases and hatcheries across various regions [3] - The company utilizes a "high bed flat breeding" method that allows chickens to exhibit natural behaviors, enhancing their health and the quality of the eggs produced [3] - In 2023, Xiaoming Co. received certification for non-caged eggs, positioning itself to capitalize on its technological and cost advantages in the market [3]