Core Viewpoint - The poultry market, particularly for chicken products, is experiencing weak demand due to adverse weather conditions and low egg prices, leading to losses in the breeding sector. However, seasonal demand may increase in September due to various factors, although the growth may be limited [1]. Company Summary - Xiaoming Co., Ltd. (300967) reported sales of 21.59 million chickens in August 2025, generating revenue of 79.90 million yuan, with month-on-month changes of 8.34% and 6.34%, respectively. Year-on-year changes were 0.82% and 11.73% [1]. Industry Summary - The egg market is currently facing weak overall demand, influenced by hot and humid weather conditions. Despite some short-term boosts from back-to-school stocking, the improvement in demand has been limited, and egg prices remain low [1]. - The breeding sector is in a state of loss, with low replenishment intentions among breeding units. Many are adopting a wait-and-see approach after reducing their stock [1]. - A seasonal increase in market demand is anticipated in September due to cooler temperatures post-autumn, the start of food processing for the Mid-Autumn Festival, and increased procurement from schools. However, the expected growth in demand may be modest [1].

Core Viewpoint - Xiaoming Co., Ltd. (300967.SZ) reported its sales performance for chicken products in August 2025, indicating a stable growth trajectory in both sales volume and revenue [1] Group 1: Sales Performance - The company sold 21.59 million chickens in August 2025, reflecting a month-on-month increase of 8.34% [1] - The sales revenue for the same period reached 79.90 million yuan, with a month-on-month growth of 6.34% [1] - Year-on-year comparisons show a slight increase in sales volume by 0.82% and a more significant revenue growth of 11.73% [1]

Group 1 - The company announced that it sold 21.5903 million chickens in August 2025, generating a revenue of 79.9041 million yuan [1] - The month-on-month changes in sales volume and revenue were 8.34% and 6.34% respectively [1] - The year-on-year changes in sales volume and revenue were 0.82% and 11.73% respectively [1]

2025 年 8 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。 证券代码：300967 证券简称：晓鸣股份 公告编号：2025-149 宁夏晓鸣农牧股份有限公司 2025 年 8 月，公司鸡产品销售数量、销售收入同比、环比均实现增长，主 要系随着上半年产品市占率的进一步提升，公司积极构建产业上下游发展新生态， 深化价值链协同与服务升级，进一步提升了客户粘性。 8 月受湿热天气等因素影响，鸡蛋市场需求整体偏弱，虽有开学备货等短期 提振，但改善幅度有限，蛋价持续低位运行。鸡蛋市场旺季不旺，养殖处于亏损 状态，养殖单位补栏意向不高，养殖单位空栏后多持观望态度。预计进入 9 月份， 随着立秋后气温回落、食品加工开始启动中秋备货、学校开学集中采购需求增加 等因素提振，市场需求有望迎来季节性增长，但涨幅可能有限。 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） | | --- | --- | --- | --- | --- | --- | --- | --- | | | ...

Group 1 - The core viewpoint of the news is that China's preliminary anti-dumping ruling on imported pork from the EU is expected to create a favorable configuration opportunity for the domestic pig farming sector, leading to price increases in the industry [1][2] - The Ministry of Commerce of China announced a preliminary ruling on September 5, 2025, recognizing that imported pork and related products from the EU are being dumped, and will implement temporary anti-dumping measures starting September 10, 2025, with deposit rates ranging from 15.6% to 62.4% [1] - The livestock ETF (159867) rose by 2.60%, reflecting positive market sentiment towards the pig farming sector following the anti-dumping announcement [1] Group 2 - Open Source Securities noted that over 50% of China's imported pork and offal comes from the EU, and the anti-dumping measures may drive domestic pork prices higher, indicating a potential bottoming out of prices [2] - As temperatures cool, demand for pork is expected to improve, leading to tighter market supply of large pigs and an expansion of price differentials for fat pigs [2] - The China Livestock Breeding Index (930707) includes companies involved in livestock feed, veterinary drugs, and breeding, with the top ten weighted stocks accounting for 65.57% of the index [2]

Core Points - On the evening of September 5, Xiaoming Co. announced that its second extraordinary general meeting of shareholders in 2025 approved multiple proposals, including the amendment of the company's articles of association [2]

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 二〇二五年九月 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 2025 年第二次临时股东会的法律意见书 2025 年第二次临时股东会的法律意见书 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 致：宁夏晓鸣农牧股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受宁夏晓鸣农牧股份有限 公司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第二次临时 股东会，并依据《中华人民共和国公司法》（以下简称"《公司法》"）、《上 市公司股东会规则》（以下简称"《股东会规则》"）、《宁夏晓鸣农牧股份有 限公司公司章程》（以下简称"《公司章程》"）和其他相关法律、法规的规定， 就公司本次股东会的召集、召开程序、出席会议人员的资格、召集人资格、表决 程序和表决结果等有关事项出具本法律意见书。 对本法律意见，本所律师声明如下： 本所及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》 和《律师事务所证券法律 ...

华西证券股份有限公司关于 宁夏晓鸣农牧股份有限公司 2025 年半年度持续督导跟踪报告 | 保荐人名称：华西证券股份有限公司 | 被保荐公司简称：晓鸣股份 | | --- | --- | | 保荐代表人姓名：杜国文 | 联系电话：010-51662928 | | 保荐代表人姓名：周曼 | 联系电话：010-51662928 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 次 0 | | 2.督导公司建立健全并有效执行规章制度的 | | | 情况 | | | （1）是否督导公司建立健全规章制度（包 括但不限于防止关联方占用公司资源的制 | | | 度、募集资金管理制度、内控制度、内部审 | 是 | | 计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 次1 0 | | （2）公司募集资金项目进展是否与信息披 | 是 | | 露文件一致 | ...

证券代码：300967 证券简称：晓鸣股份 公告编号：2025-146 宁夏晓鸣农牧股份有限公司 2025 年第二次临时股东会决议的公告 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、本次股东会没有否决议案的情况； 2、本次股东会没有变更前次股东会决议的情况； 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 9 月 5 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 9 月 5 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 9 月 5 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 杜建峰先生 ...

Group 1 - The aquaculture sector saw a slight increase of 0.02% on September 4, with Xiaoming Co. leading the gains [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] - Xiaoming Co. had a closing price of 26.30, with an increase of 8.19%, and a trading volume of 318,900 shares, amounting to a transaction value of 821 million yuan [1] Group 2 - The aquaculture sector experienced a net outflow of 295 million yuan from institutional investors, while retail investors saw a net inflow of 483 million yuan [2] - Among individual stocks, Wen's Co. had a net inflow of 92.17 million yuan from institutional investors, but a net outflow of 51.17 million yuan from speculative funds [3] - The stock of Muyuan Foods closed at 52.83, down 1.88%, with a trading volume of 482,200 shares and a transaction value of 254.9 million yuan [2]