二、原因说明 2025 年 12 月，公司鸡产品销售数量与销售收入环比均实现较大幅度提升。 然而，从同比角度看，行业整体仍受阶段性供需失衡与价格持续低迷的双重压力。 当前，全国在产蛋鸡存栏量依旧处于历史相对高位，供给压力依然显著。尽管春 节前季节性需求提振初步显现，但整体市场消费仍显平淡。与此同时，蛋鸡养殖 持续处于亏损区间，养殖单位对后市预期趋于谨慎，补栏积极性虽略有回暖，但 价格端仍承受较大压力。此外，生猪价格走势偏弱，也从一定程度上抑制了鸡蛋 的替代性消费需求。 证券代码：300967 证券简称：晓鸣股份 公告编号：2026-003 宁夏晓鸣农牧股份有限公司 2025 年 12 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 12 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 12 月销售鸡产品 2,252.52 万羽，销售收入 6,603.37 万元，环比变动分别为 18.30%、41.51%，同 比变动分别为-20.37%、-37.07%。 3、公司指定的信息披露媒体为巨潮资讯网（ ...

证券日报网讯1月6日，晓鸣股份（300967）发布公告称，截至2025年12月31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1，895，100股，占总股本1.0103%，成交区间11.23元/股 至19.18元/股，已支付21，993，238.00元(不含交易费用)。 ...

格隆汇1月6日丨晓鸣股份(300967.SZ)公布，截至2025年12月31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1,895,100股，占公司总股本的1.0103%，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21,993,238.00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。 ...

每经头条（nbdtoutiao）——原指导价34.99万的宝马裸车价22.5万元，多家车企还补贴购置税！2026开 年车市火爆，销售从早到晚忙到没空吃饭 （记者 王晓波） 每经AI快讯，晓鸣股份1月6日晚间发布公告称，截至2025年12月31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约为190万股，占公司总股本的1.0103%，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约2199万元。 ...

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。 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://www.cninfo.com.cn）披露的《关于回购公司股 份方案的公告》(公告编号：2024-13 ...

| 证券代码：300967 | 证券简称：晓鸣股份 | 公告编号：2026-001 | | --- | --- | --- | | 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 年第四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： 5、转股股份来源：新增股份 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指 引第 2 号——创业板上市公司规范运作》《深圳证券交易所上市公司自律监管指引第 15 号——可转换公司债券》等有关规定，宁夏晓鸣农牧股份有限公司（以下简称"公司"） 现将 2025 年第四季度可转换公司债券（以下简称"可转债"）转股及公司股份变动情况 公告如下： 一、可转换公司债券基本情况 （四）可转换公司债券转股价格的调整 （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 ...

证券之星消息，12月31日养殖业板块较上一交易日下跌0.78%，晓鸣股份领跌。当日上证指数报收于 3968.84，上涨0.09%。深证成指报收于13525.02，下跌0.58%。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) | | | --- | --- | --- | --- | --- | --- | --- | | 000048 | 京墓智农 | 17.60 | 2.15% | 33.51万 | | 5.88亿 | | 603717 | 天域生物 | 7.84 | 0.90% | 6.74万 | | 5198.88万 | | 000735 | 罗牛山 | 9.04 | 0.44% | 95.16万 | | 8.57亿 | | 002299 | 圣农发展 | 16.54 | -0.12% | 1 7.39万 | | 1.22亿 | | 300761 | 立华股份 | 20.75 | -0.14% | 5.37万 | | 1.11亿 | | 301116 | 益客食品 | 10.93 | -0.27% | 4.19万 | | 4568.54万 | ...

Core Viewpoint - The company, Xiaoming Co., Ltd. (300967.SZ), has established a strong export relationship with Mongolia, achieving over 50% market share in the local egg-laying hen industry since 2008 [1] Group 1: Export Strategy - In 2024, the company's product export destination will be Mongolia [1] - The collaboration with Mongolian clients began in 2008, indicating a long-term partnership [1] Group 2: Market Position - The company has achieved a market share exceeding 50% in Mongolia, demonstrating its significant presence in the local egg-laying hen industry [1] - The partnership has provided strong support for the development of the egg-laying hen industry in Mongolia [1]

Group 1 - The aquaculture sector increased by 0.19% on December 25, with Jingji Zhino leading the gains [1] - The Shanghai Composite Index closed at 3959.62, up 0.47%, while the Shenzhen Component Index closed at 13531.41, up 0.33% [1] - Key stocks in the aquaculture sector showed varied performance, with Jingji Zhino rising by 4.65% to a closing price of 14.86 [1] Group 2 - Major stocks that declined included Luoniushan, which fell by 3.65% to a closing price of 9.78, and Mu Yuan Shares, which decreased by 0.35% to 47.95 [2] - The aquaculture sector experienced a net outflow of 46.32 million yuan from institutional investors, while retail investors saw a net inflow of 206 million yuan [2][3] - The stock with the highest net inflow from retail investors was Wen's Shares, with an inflow of 10.37 million yuan [3]

Summary of the Conference Call for Xiaoming Co., Ltd. Industry Overview - The poultry industry is currently experiencing fluctuations due to factors such as avian influenza and market dynamics affecting chick prices and egg supply. [2][3] Key Points and Arguments Chick Prices and Market Dynamics - In the first half of 2025, chick prices surged due to supply constraints caused by avian influenza, leading to strong performance for Xiaoming Co., Ltd. in the first three quarters. However, a decline in egg prices in the second half of 2025 has resulted in a drop in chick prices. [2][3] - A supply gap for quality chicks remains, and it is anticipated that chick prices will rebound once the downstream egg market stabilizes. [2][3] Supply and Demand Forecast - The supply of eggs is expected to be sufficient in the first half of 2026, with improvements in market conditions anticipated in the second half. The highest expected price for eggs is around 4 RMB, unlikely to exceed 4.5 RMB. [2][6] - In the second half of 2026, a decrease in the number of laying hens is expected, which may lead to an increase in egg prices, although the increase may not exceed 10 RMB. [7] Chick Production and Cost Control - Xiaoming Co., Ltd. has introduced 45,000 Hy-Line breeding hens from France, which are expected to have improved disease resistance compared to previous imports from the U.S. [4] - The company’s cost control in chick production relies on economies of scale, with costs decreasing as sales volume increases. Costs are approximately 3.2 RMB for sales of 18-20 million chicks, dropping to around 2.8 RMB for sales exceeding 23 million. [10] Industry Trends and Competition - Large-scale farms like Zhengda and Deqingyuan can sustain operations despite losses due to brand egg sales covering costs, while smaller farms are facing severe losses and are likely to exit the market, leading to further industry consolidation. [9][12] - The current market structure shows that large-scale farms account for less than 20% of the total, but this is expected to evolve to 40% in the future, enhancing industry consolidation. [12] Sales and Market Share Goals - Xiaoming Co., Ltd. aims to maintain a target of 350 million chicks and a 30% market share, with plans to increase production from 235 million in 2024 to 290 million by 2026. [14] - Current orders show a completion rate of about 70% for January and 46% for February, with an upward trend in order prices expected to exceed 3.5 RMB per chick by March. [13] Youth Chicken Profitability - The profitability of young chickens is expected to remain flat or slightly negative in 2025, with a projected profit of 1 to 1.5 RMB per chick if market conditions improve in 2026. [15][16] Disease Impact on Supply - Winter diseases, particularly infectious bronchitis, are anticipated to impact supply, potentially reducing it by about 10%. [17] Strategic Planning and Market Expansion - The company has set ambitious goals for the "14th Five-Year Plan" period, including expanding into emerging markets in Africa and Central Asia, focusing on brand promotion and food safety standards. [18][19] Additional Important Information - The industry is witnessing a trend towards larger, more efficient operations, with smaller farms struggling to compete. This could lead to a significant shift in market dynamics and pricing strategies in the coming years. [9][12]