证券代码：301498 证券简称：乖宝宠物 公告编号：2025-051 乖宝宠物食品集团股份有限公司 关于向第二期限制性股票激励计划激励对象 首次授予限制性股票的公告 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。 重要内容提示： 乖宝宠物食品集团股份有限公司（以下简称"公司"）于 2025 年 9 月 15 日召开第二届董事会第十三次会议和第二届监事会第十二次会议，审议通过《关 于向第二期限制性股票激励计划激励对象首次授予限制性股票的议案》，董事会 认为公司第二期限制性股票激励计划（以下简称"本激励计划"或"本计划"） 规定的首次授予条件已经成就，根据公司 2025 年第一次临时股东大会的授权， 同意以 2025 年 9 月 15 日为本激励计划的首次授予日，向符合授予条件的 9 名激 励对象首次授予 52.25 万股限制性股票，授予价格为 47.30 元/股（调整后）。现 将有关事项说明如下： 一、本激励计划简述 1、标的股票来源：本激励计划涉及的标的股票来源为公司向激励对象定向 发行的本公司 A 股普通股股票。 1、限制性股票首次授予日：2025 年 9 ...

Market Overview - The Shanghai Composite Index fell by 0.26% on September 15, with 15 industries rising, led by the power equipment and media sectors, which increased by 2.22% and 1.94% respectively. The agriculture, forestry, animal husbandry, and fishery sector ranked third in terms of gains [1] - The main capital outflow from the two markets was 59.754 billion yuan, with only four industries experiencing net inflows. The automotive sector saw the largest net inflow of 3.166 billion yuan, followed by the media sector with a net inflow of 723 million yuan [1] Agriculture, Forestry, Animal Husbandry, and Fishery Sector - This sector rose by 1.79% with a total net capital inflow of 436 million yuan. Out of 105 stocks in this sector, 73 rose, including one hitting the daily limit, while 29 fell, with two hitting the lower limit [2] - The top stocks by net capital inflow included Aonong Biological, with an inflow of 199 million yuan, followed by Wens Foodstuffs and Beidahuang, with inflows of 186 million yuan and 86.151 million yuan respectively [2] - The sector also had stocks with significant capital outflows, with Zhengbang Technology leading at an outflow of 81.859 million yuan, followed by Guibao Pet and Haida Group with outflows of 52.657 million yuan and 32.286 million yuan respectively [4]

Market Overview - The feed sector increased by 2.52% on September 15, with Aonong Biological leading the gains [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Key Stocks Performance - Aonong Biological (603363) closed at 6.04, up 10.02% with a trading volume of 1.5461 million shares and a transaction value of 908 million yuan [1] - Tiankang Biological (002100) closed at 8.05, up 8.20% with a trading volume of 1.4636 million shares and a transaction value of 1.158 billion yuan [1] - Haida Group (002311) closed at 67.35, up 3.62% with a trading volume of 79,700 shares and a transaction value of 534 million yuan [1] - Other notable stocks include Quanjinong (002548) up 3.33%, Zhenghong Technology (000702) up 2.01%, and Tangrenshen (002567) up 1.80% [1] Capital Flow Analysis - The feed sector saw a net inflow of 116 million yuan from institutional investors, while retail investors experienced a net outflow of 47.8 million yuan [2] - Aonong Biological had a significant net inflow of 204 million yuan from institutional investors, representing 22.44% of its trading volume [3] - Tiankang Biological and Zhenghong Technology also saw net inflows from institutional investors, although retail investors showed net outflows [3]

Investment Rating - The report maintains a "Positive" outlook on the pig farming industry, emphasizing the importance of the "anti-involution" process and the potential for value reassessment of quality pig enterprises [4][5]. Core Insights - The report highlights that the recent acceleration in pig price declines may lead to increased regulatory measures, urging investors to focus on the value reassessment of leading pig farming companies. The report suggests that the industry is nearing the end of its current production cycle, with a high probability of production capacity stabilizing and declining in the second half of 2025 [4][5]. - The report also notes that the overall performance of the agricultural sector is improving, with the Shenwan Agricultural, Forestry, Animal Husbandry, and Fishery Index rising by 4.8% compared to a 1.4% increase in the CSI 300 Index [4][5]. Summary by Sections Pig Farming - The report indicates that the average selling price of external three-yuan pigs was 13.27 yuan/kg as of September 14, 2025, reflecting a week-on-week decline of 2.5%. The average selling price of weaned piglets was 294 yuan/head, down 29 yuan/head, marking a new low for the year [4][5]. - The report emphasizes the expectation of upgraded production capacity regulation, suggesting that the industry is entering a phase of stable and high-quality development, which could enhance profitability and stability for quality pig enterprises [4][5]. Poultry Farming - For broiler chickens, the report notes a return to weak pricing across the industry, with the average selling price of white feather broiler chicks at 3.26 yuan/chick, down 1.21% week-on-week. The average selling price of white feather broiler meat was 3.45 yuan/kg, also down 1.15% [4][5]. - The report highlights the seasonal rebound in the yellow feather chicken market, with prices rebounding nearly 45% from the lowest point in late June [4][5]. Pet Food - The report provides insights into the pet food market, indicating that online sales in August 2025 reached 2.34 billion yuan, a year-on-year increase of 8% and a month-on-month increase of 19%. Cumulatively, sales from January to August 2025 totaled 19.21 billion yuan, up 11% year-on-year [4][5]. - Specific companies such as Guai Bao Pet and Zhong Chong have shown significant growth in their online sales, with Guai Bao Pet's GMV increasing by 15% year-on-year in August [4][5].

Investment Rating - The industry investment rating is "Overweight" [6] Core Insights - The report emphasizes the importance of monitoring short-term pig prices and long-term production capacity policies in the pig farming sector [3][12] - In the pet industry, attention is drawn to the top-ranked brands on platforms like Douyin, indicating a shift towards health-focused innovations [4] - The planting sector is highlighted with a focus on the upcoming harvest and the performance of corn varieties under extreme weather conditions [5] Summary by Sections Pig Farming - The report suggests paying attention to the fluctuations in pig prices and the impact of production capacity policies on the industry [3][12] - Recent data shows that the average pig price is 14.10 yuan/kg, reflecting a decrease of 1.25% week-on-week and a significant year-on-year decline of 28.16% [11] Pet Industry - The top three brands in the pet category on Douyin are Maifudi, Weishi, and Frigat, with a notable focus on health-oriented product innovations [4] Planting Sector - As the harvest season approaches, the report advises monitoring the grain yield, particularly corn and wheat prices, which have seen slight increases [5] - Special crops like blueberries and peppers are also highlighted, with attention to the cost changes of raw materials for companies like Chenguang Biological [5] Investment Recommendations - Recommended stocks in the pig farming sector include Muyuan Foods and Wens Foodstuffs [5] - Other recommended stocks across various sectors include Morning Light Biological, Longping High-Tech, and Petty Holdings in the pet sector [5][41]

Market Overview - The feed sector experienced a decline of 0.53% on September 12, with Petty Holdings leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Individual Stock Performance - Aonong Biological (603363) saw a significant increase of 4.01%, closing at 5.45, with a trading volume of 1.52 million shares and a turnover of 820 million yuan [1] - Jin Xin Nong (002548) rose by 3.64%, closing at 5.13, with a trading volume of 1.25 million shares and a turnover of 653 million yuan [1] - Petty Holdings (300673) declined by 2.52%, closing at 18.57, with a trading volume of 56,500 shares and a turnover of 106 million yuan [2] Capital Flow Analysis - The feed sector experienced a net outflow of 231 million yuan from institutional investors, while retail investors saw a net inflow of 140 million yuan [2] - Aonong Biological had a net outflow of 37.79 million yuan from institutional investors, while retail investors contributed a net inflow of 4.36 million yuan [3] - Jin Xin Nong had a net inflow of 11.78 million yuan from institutional investors, but a net outflow of 25.86 million yuan from retail investors [3]

证券代码：301498 证券简称：乖宝宠物 公告编号：2025-045 乖宝宠物食品集团股份有限公司 关于 2025 年第一次临时股东大会决议公告 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： 1、召开时间：2025年9月11日（星期四）下午14:50 5、主持人：董事长秦华先生 6、本次会议的召集、召开和表决程序符合《中华人民共和国公司法》《上 市公司股东会规则》《深圳证券交易所创业板股票上市规则》等有关法律、行政 法规、规范性文件和《乖宝宠物食品集团股份有限公司章程》的有关规定。 二、会议出席情况 （一）股东出席的总体情况 参加本次股东大会现场会议和网络投票表决的股东及股东代理人共93人，代 表有表决权的股份合计为226,621,009股，占乖宝宠物食品集团股份有限公司（以 下简称"公司"）有表决权股份总数400,044,500股的56.6489%。其中：通过现场 2、召开地点：办公楼会议室 3、召开方式：本次股东大会采用现场投票与网络投票表决相结合方式召开 4、召集人：乖宝宠物食品集团股份有限公司董事会 投票的股东共5人，代表有表决权的公司 ...

北京德恒（济南）律师事务所 关于乖宝宠物食品集团股份有限公司 2025 年第一次临时股东大会的 法律意见 地址：山东省济南市高新区舜泰北路 567 号银丰科技公园 2 号楼 邮编：250102 网址：www.dehenglaw.com 电话：（86）531-8166 3606 北京德恒（济南）律师事务所 关于乖宝宠物食品集团股份有限公司 2025 年第一次临时股东大会的法律意见 北京德恒（济南）律师事务所 关于乖宝宠物食品集团股份有限公司 2025 年第一次临时股东大会的 法律意见 德恒 11G20250127-01 号 （三）公司于 2025 年 8 月 26 日在深圳证券交易所网站上刊登的《乖宝宠物 食品集团股份有限公司关于召开公司 2025 年第一次临时股东大会通知》（以下 简称"召开股东大会通知"）； （四）公司本次股东大会现场参会股东到会登记记录及凭证资料； （五）公司本次股东大会股东表决情况凭证资料； 1 北京德恒（济南）律师事务所 关于乖宝宠物食品集团股份有限公司 2025 年第一次临时股东大会的法律意见 致：乖宝宠物食品集团股份有限公司 北京德恒（济南）律师事务所（以下简称"本所"）作为乖宝宠 ...

乖宝宠物食品集团股份有限公司 关于第二期限制性股票激励计划内幕信息知情人及激励对 象买卖公司股票情况的自查报告 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。 乖宝宠物食品集团股份有限公司（以下简称"公司"）于 2025 年 8 月 10 日召开第二届董事会第十一次会议、第二届监事会第十次会议，审议通过了《关 于公司〈第二期限制性股票激励计划（草案）〉及其摘要的议案》及其他与激励 计划相关的议案。具体内容详见公司于 2025 年 8 月 11 日在巨潮资讯网 （http://www.cninfo.com.cn）上披露的相关公告。 （一）核查对象为本次激励计划的内幕信息知情人及拟激励对象； 证券代码：301498 证券简称：乖宝宠物 公告编号：2025-046 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）、《深 圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》等有关法律、 法规及规范性文件的相关规定，经向中国证券登记结算有限责任公司深圳分公司 查询，公司对第二期限制性股票激励计划（以下简称"本次激励计划"）内幕信 息知情人及拟激励对 ...

Core Viewpoint - Guibao Pet Food's stock has experienced fluctuations, with a recent decline of 2.02%, while the company has shown a year-to-date stock price increase of 24.45% [1] Group 1: Stock Performance - As of September 10, Guibao Pet Food's stock price is 96.85 CNY per share, with a market capitalization of 38.744 billion CNY [1] - The stock has seen a trading volume of 1.06 billion CNY, with a turnover rate of 0.61% [1] - Year-to-date, the stock has increased by 24.45%, with a 3.20% increase over the last five trading days, a 0.76% increase over the last 20 days, and a 13.84% decrease over the last 60 days [1] Group 2: Financial Performance - For the first half of 2025, Guibao Pet Food reported a revenue of 3.221 billion CNY, representing a year-on-year growth of 32.72% [2] - The net profit attributable to shareholders for the same period was 378 million CNY, reflecting a year-on-year increase of 22.55% [2] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders for Guibao Pet Food has increased to 10,700, a rise of 14.74% from the previous period [2] - The average number of circulating shares per shareholder is 16,801, which is a decrease of 12.85% from the previous period [2] - The company has distributed a total of 368 million CNY in dividends since its A-share listing [3] Group 4: Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited is the third-largest circulating shareholder, holding 11.9017 million shares, an increase of 44,900 shares from the previous period [3] - E Fund's ChiNext ETF is a new entrant among the top ten circulating shareholders, holding 1.9961 million shares [3] - Other notable changes include the exit of several funds from the top ten circulating shareholders list [3]